Korn Ferry (KFY) financial statements
Korn Ferry reported revenue of $2.9B in fiscal 2026, up 6.8% a year over 9 years.
Net income was $277M and the operating margin 12.8%, against 7.4% in 2017.
Free cash flow was $324M, and the company returned $105M in dividends and $116M in net buybacks.
The diluted share count fell 8% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Korn Ferry's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.6B | $1.8B | $2.0B | $2.0B | $1.8B | $2.6B | $2.9B | $2.8B | $2.8B | $2.9B |
| Cost of revenue | $71M | $74M | — | — | — | — | — | — | — | — |
| Gross profit | $1.6B | $1.7B | — | — | — | — | — | — | — | — |
| Selling, general and admin | $226M | $237M | $352M | $259M | $192M | $237M | $268M | $259M | $258M | $248M |
| Operating income | $120M | $208M | $141M | $176M | $156M | $470M | $316M | $213M | $346M | $375M |
| Pre-tax income | $116M | $206M | $134M | $151M | $164M | $433M | $296M | $223M | $345M | $388M |
| Income tax | $29M | $70M | $30M | $44M | $48M | $102M | $83M | $50M | $94M | $108M |
| Net income | $84M | $134M | $103M | $105M | $114M | $326M | $210M | $169M | $246M | $277M |
| EPS (diluted) | $1.47 | $2.35 | $1.81 | $1.90 | $2.09 | $5.98 | $3.95 | $3.23 | $4.60 | $5.22 |
| Diluted shares | 57M | 56M | 56M | 55M | 53M | 53M | 52M | 51M | 53M | 53M |
| Gross margin | 95.6% | 96.0% | — | — | — | — | — | — | — | — |
| Operating margin | 7.4% | 11.5% | 7.1% | 8.9% | 8.6% | 17.8% | 11.0% | 7.6% | 12.5% | 12.8% |
| Net margin | 5.2% | 7.4% | 5.2% | 5.3% | 6.3% | 12.3% | 7.3% | 6.1% | 8.9% | 9.4% |
Balance sheet
Fiscal years, from Korn Ferry's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $415M | $535M | $635M | $731M | $914M | $1.0B | $889M | $984M | $1.0B | $1.1B |
| Receivables | $345M | $385M | $405M | $397M | $449M | $590M | $570M | $541M | $565M | $573M |
| Total current assets | $844M | $1.0B | $1.1B | $1.2B | $1.5B | $1.8B | $1.6B | $1.7B | $1.8B | $1.9B |
| Property, plant and equipment | $110M | $120M | $132M | $143M | $132M | $138M | $162M | $162M | $174M | $192M |
| Goodwill | $577M | $584M | $578M | $614M | $627M | $726M | $909M | $908M | $949M | $951M |
| Total assets | $2.1B | $2.3B | $2.3B | $2.7B | $3.1B | $3.5B | $3.6B | $3.7B | $3.9B | $4.1B |
| Total current liabilities | $459M | $558M | $551M | $624M | $750M | $984M | $976M | $935M | $956M | $982M |
| Long-term debt | $236M | $211M | $223M | $394M | $395M | $395M | $396M | $397M | $398M | $399M |
| Total liabilities | $976M | $1.1B | $1.1B | $1.5B | $1.7B | $1.9B | $1.9B | $1.9B | $2.0B | $2.1B |
| Shareholders' equity | $1.1B | $1.2B | $1.2B | $1.2B | $1.4B | $1.5B | $1.6B | $1.7B | $1.9B | $2.0B |
| Net debt | -$155M | -$285M | -$403M | -$295M | -$456M | -$583M | -$448M | -$544M | -$609M | -$697M |
Cash flow
Fiscal years, from Korn Ferry's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $106M | $219M | $259M | $236M | $251M | $502M | $344M | $284M | $364M | $414M |
| Capital spending | $50M | $42M | $47M | $41M | $31M | $49M | $70M | $55M | $62M | $90M |
| Free cash flow | $56M | $177M | $212M | $195M | $220M | $452M | $274M | $229M | $302M | $324M |
| Stock-based compensation | $19M | $21M | $23M | $23M | $27M | $29M | $36M | $40M | $48M | $48M |
| Dividends paid | $23M | $23M | $23M | $23M | $22M | $27M | $33M | $54M | $84M | $105M |
| Share buybacks (net) | -$29M | -$33M | -$37M | -$92M | -$30M | -$96M | -$95M | -$53M | -$89M | -$116M |
| Net borrowing | $120M | -$21M | -$12M | $169M | — | — | — | — | — | — |
| Free cash flow margin | 3.5% | 9.7% | 10.7% | 9.9% | 12.1% | 17.1% | 9.6% | 8.2% | 10.9% | 11.0% |
| Dividends per share | $0.41 | $0.41 | $0.42 | $0.42 | $0.42 | $0.50 | $0.64 | $1.06 | $1.58 | $1.99 |
Questions
What was Korn Ferry's revenue in 2026?
$2.9B in fiscal 2026, from its 10-K filing.
How much free cash flow does Korn Ferry generate?
$324M in fiscal 2026 (operating cash flow minus capital spending).
From Korn Ferry's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.