Filing Flows › Korn Ferry (KFY) › Q1 FY26
Korn Ferry (KFY) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Sep 9, 2025
Korn Ferry (KFY) reported revenue of $716M for the first quarter fiscal 2026 (Q1 FY26), +5% from a year earlier and -0.6% from the quarter before. Operating margin was 11.7%, net earnings $66.6M (9.3% of revenue).
Korn Ferry, Q1 FY26: revenue $716M (+5% year over year), operating margin 11.7%, net earnings $66.6M, operating cash flow −$237M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $716M | -0.6% | +5% |
| Operating profit | $83.4M | -20% | +10% |
| Net earnings | $66.6M | +4% | +6% |
| Operating cash flow | −$237M | -193% | — |
What changed
Revenue was $715.5M in Q1 FY26, up 5% year over year and down 1% from the previous quarter. Industrial was the largest line at 31% of revenue. Industrial added $20.1M year over year (up 10%), 61% of the total change. Reimbursed out-of-pocket engagement expenses declined 11%.
Operating profit was $83.4M, a 11.7% margin (up 0.5 points year over year). Of the extra revenue versus a year earlier, 23% reached operating profit, above the 11% margin then. Total costs grew 4% against revenue growth of 5%. Net earnings were $66.6M, up 6% year over year. The effective tax rate was 27.2%.
Operating cash flow was −$237.4M. Non-cash charges added back $22.7M of depreciation and amortization and $11.0M of share-based compensation. Working capital and other items used $338.5M. Capital expenditures of $22.6M exceeded it, leaving free cash flow of −$260.0M.
Questions
What was Korn Ferry's revenue in the first quarter fiscal 2026?
Korn Ferry (KFY) reported revenue of $716M for the first quarter fiscal 2026 (Q1 FY26), +5% from a year earlier and -0.6% from the quarter before.
Was Korn Ferry profitable in the first quarter fiscal 2026?
Operating profit was $83.4M (11.7% of revenue) and net earnings $66.6M.
Source: Korn Ferry 10-Q on SEC EDGAR.