Korn Ferry, a global consulting firm, has reported its third-quarter fiscal 2026 results, revealing several key financial highlights. The company's fee revenue for Q3 FY'26 amounted to $717.4 million, marking a 7% year-over-year increase. Net income attributable to Korn Ferry also saw a significant uptick, increasing by 12% year-over-year to $65.3 million, with a margin of 9.1%. Adjusted EBITDA climbed 8% year-over-year to $123.1 million, with a margin of 17.2%. Additionally, the estimated remaining fees under existing contracts at the end of the third quarter surged by 11% year-over-year to $1.9 billion.
In terms of specific solutions, fee revenue growth was observed across all segments. Executive search recorded a substantial 13% increase, followed by professional search & interim and consulting, both at 5%. The digital segment also saw growth, with fee revenue increasing by 4% year-over-year.
Looking at the company's outlook for the fourth quarter of FY'26, Korn Ferry anticipates fee revenue to fall within the range of $730 million to $750 million, with diluted earnings per share expected to range between $1.34 to $1.40.
The earnings conference call, which will delve deeper into these results, is scheduled to take place today and will be hosted by CEO Gary Burnison, CFO Robert Rozek, SVP Business Development & Analytics Gregg Kvochak, and VP Investor Relations Tiffany Louder.
The company's performance reflects its continued growth trajectory, with positive year-over-year changes across various financial metrics, indicating a strong and resilient business position. The market has reacted to these announcements by moving the company's shares -1.12% to a price of $67.97. For the full picture, make sure to review KORN FERRY's 8-K report.
