Korn Ferry Q2 revenue slips 4.2% impacted by economic climate
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Korn Ferry (NYSE: KFY) reported fee revenue fell 4.2% year over year in its fiscal second quarter ended Oct. 31 to $674.4 million. The current economic climate negatively affected the company’s “professional search and interim” business as well as its consulting business, the company said. Second-quarter revenue did edge up in its executive search business, with growth coming from outside the US.
It noted business trends were up for its digital business and stable for its consulting operations.
“The durability and potential of our business were evident once again during the quarter with stability in our talent acquisition fee revenues and new business, digital new business trends improving and steady performance in consulting,” CEO Gary D. Burnison said in a press release.
Net income jumped in the second quarter. The previous fiscal year’s second quarter included $63.5 million in restructuring charges.
Korn Ferry forecast third-quarter fee revenue of between $635.0 million and $665.0 million, a year-over-year decrease of between 0.6% and 5.0%.
Korn Ferry - Q2 2025
(US$ thousands) | Q2 2025 | Q2 2024 | % change | % constant currency |
Fee revenue | 674,365 | 704,003 | -4.2% | -5% |
Reimbursed expenses | 7,595 | 8,444 | -10.1% | - |
Total revenue | 681,960 | 712,447 | -4.3% | - |
Net income | 62,343 | 44 | nm | - |
Fee revenue by segment
(US$ thousands) | Q2 2025 | Q2 2024 | % change | % constant currency |
Consulting | 166,771 | 177,795 | -6.2% | -7% |
Digital | 92,893 | 97,092 | -4.3% | -5% |
Executive search | 205,999 | 202,993 | 1.5% | 1% |
Professional search and interim | 121,107 | 138,384 | -12.5% | -13% |
RPO | 87,595 | 87,739 | -0.2% | -2% |
Executive Search Fee Revenue by Geography
(US$ thousands) | Q2 2025 | Q2 2024 | % change | % constant currency |
North America | 129,891 | 132,512 | -2.0% | -2% |
Europe, the Middle East and Africa | 46,788 | 43,098 | 8.6% | 5% |
Asia Pacific | 21,464 | 19,304 | 11.2% | 9% |
Latin America | 7,856 | 8,079 | -2.8% | 9% |
Share Price
Korn Ferry (KFY: NYQ) closed on 5 December at $72.08, 10.62% below its 52-week high of $80.64, set on 12 November 2024.