The AMS acquisition (closed Sep 1) transforms the revenue base, with Q2 guidance implying ~15% YoY growth. Monitor the integration call for margin trajectory and cross-sell progress in Workforce Solutions. The 14% YoY increase in remaining contract fees ($1.9B) provides strong near-term visibility.
Price Chart
Executive Summary
Korn Ferry reported Q1 FY'27 fee revenue of $756.5M (+7% YoY) and adjusted diluted EPS of $1.43, beating consensus of $1.36 by 5.1%. The quarter marked the sixth consecutive quarter of top-line growth, with double-digit growth in Search (+10.4%) and Workforce Solutions (+11.1%). Guidance for Q2 FY'27 fee revenue of $860M-$878M includes the AMS acquisition closed on September 1, 2026, representing a significant step-change in scale. The beat is modest and margins were flat, but the AMS deal provides a clear catalyst for revenue acceleration and cross-sell synergies in Workforce Solutions.
Key Financial Metrics
Key Facts
- Q1 FY'27 fee revenue of $756.5M, +7% YoY (6th consecutive quarter of growth)
- Adjusted diluted EPS of $1.43 beat consensus of $1.36 by 5.1%
- Search fee revenue +10.4% YoY; Workforce Solutions +11.1% YoY
- Estimated remaining fees under contracts rose 14% YoY to $1.9B
- Q2 FY'27 guidance: fee revenue $860M-$878M (includes AMS acquisition closed Sep 1, 2026)
- Adjusted EBITDA margin flat at 17.0% YoY; Americas margin expanded 140bps to 26.3%
Financial Impact
Q1 FY'27 fee revenue $756.5M (+7% YoY); adjusted diluted EPS $1.43 (+9% YoY); Q2 guidance implies ~$869M midpoint (+15% YoY at the midpoint vs prior year Q2 of ~$755M)
Risk Factors
- AMS integration execution risk and potential cost overruns
- Flat consolidated EBITDA margin at 17.0% suggests limited operating leverage in the base business
- APAC segment fee revenue growth slowed to 1% YoY with Adjusted EBITDA declining
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000056679-26-000029 |
| Document: kfy-20260909.htm | 0000056679-26-000029 |
| Document: 0000056679-26-000029-index-headers.html | 0000056679-26-000029 |
| Document: 0000056679-26-000029-index.html | 0000056679-26-000029 |
| Document: 0000056679-26-000029.txt | 0000056679-26-000029 |
| 8-K Data (Synthetic) | 0000056679-26-000029 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 28, 2026 28d ago | 8-K | $71.98 | awaiting T+20 | — | $76.88 (+6.81%) |
Sep 9, 2026 6w ago | 8-K | $81.13 $70.53 | ▼ −13.07% | ▼ −15.26% | $76.88 (−5.24%) |
Aug 19, 2026 9w ago | 8-K | $84.59 $76.78 | ▼ −9.23% | ▼ −9.23% | $76.88 (−9.11%) |
Jul 17, 2026 14w ago | Insider Cluster | $78.02 $83.05 | ▲ +6.45% | ▲ +2.33% | $76.88 (−1.46%) |
Jul 16, 2026 14w ago | Insider Cluster | $78.61 $84.19 | ▲ +7.10% | ▲ +2.65% | $76.88 (−2.20%) |
Jun 29, 2026 17w ago | 8-K | $70.52 $78.25 | ▲ +10.96% | ▲ +11.24% | $76.88 (+9.02%) |
Jun 22, 2026 18w ago | 8-K | $71.72 $78.02 | ▲ +8.78% | ▲ +7.62% | $76.88 (+7.19%) |
Mar 5, 2026 33w ago | 8-K | $64.52 $63.36 | ▼ −1.80% | ▲ +1.99% | $76.88 (+19.15%) |
US Market Status
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