Filing Flows › Korn Ferry (KFY) › Q4 FY26 › vs Q3 FY26
Korn Ferry (KFY) Q4 FY26 vs Q3 FY26 (quarter over quarter)
Korn Ferry's revenue rose $43.2M (+6%) from $725M in Q3 FY26 to $768M in Q4 FY26. The biggest changes: Fee revenue +$42.4M (+6%); Reimbursed out-of-pocket engagement expenses +$827K (+11%). Operating margin 13.2% against 12.6% (+0.7 pts).
Korn Ferry, Q4 FY26: revenue $768M (+7% year over year), operating margin 13.2%, net earnings $73.1M, operating cash flow $297M. The chart draws each line against Q3 FY26, the increases inside each band.
Margins
| Q4 FY26 | Q3 FY26 | Change | |
|---|---|---|---|
| Operating margin | 13.2% | 12.6% | +0.7 pts |
| Net margin | 9.5% | 9.0% | +0.5 pts |
| Free cash flow margin | 35.4% | 29.2% | +6.2 pts |
Every line
| Line | Q4 FY26 | Q3 FY26 | Change | % |
|---|---|---|---|---|
| Industrial | $232M | $226M | $5.5M | +2% |
| Financial Services | $139M | $136M | $3.1M | +2% |
| Life Sciences/Healthcare | $128M | $122M | $6.3M | +5% |
| Technology | $119M | $104M | $15.1M | +15% |
| Consumer Goods | $90.4M | $88.7M | $1.7M | +2% |
| Education/Non–Profit/General | $52.1M | $41.3M | $10.8M | +26% |
| Fee revenue | $760M | $717M | $42.4M | +6% |
| Reimbursed out-of-pocket engagement expenses | $8.5M | $7.7M | $827K | +11% |
| Revenue | $768M | $725M | $43.2M | +6% |
| Operating profit | $102M | $91.0M | $10.5M | +12% |
| Costs & expenses | $667M | $634M | $32.7M | +5% |
| Pre-tax earnings | $103M | $92.8M | $10.1M | +11% |
| General & admin | $67.7M | $65.9M | $1.7M | +3% |
| Other operating costs | $599M | $568M | $31.0M | +5% |
| Net earnings | $73.1M | $65.3M | $7.9M | +12% |
| Minority interests | $691K | $874K | −$183K | -21% |
| Income tax | $29.1M | $26.7M | $2.4M | +9% |
| Depreciation & amortization | $21.6M | $23.0M | −$1.4M | -6% |
| Share-based compensation | $12.0M | $12.2M | −$159K | -1% |
| Working capital & other | $190M | $133M | $56.9M | +43% |
| Operating cash flow | $297M | $233M | $63.2M | +27% |
| Free cash flow (OCF − capex) | $272M | $212M | $60.1M | +28% |
| Capital expenditures | $24.8M | $21.7M | $3.1M | +14% |
Questions
How much did Korn Ferry's revenue grow quarter over quarter in Q4 FY26?
Korn Ferry's revenue rose $43.2M (+6%) from $725M in Q3 FY26 to $768M in Q4 FY26.
What drove Korn Ferry's revenue change in Q4 FY26?
Fee revenue +$42.4M (+6%); Reimbursed out-of-pocket engagement expenses +$827K (+11%).