---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-006885"
form_type: "8-K"
ticker: "KFY"
cik: "0000056679"
company_name: "KORN FERRY"
filed_at: "2023-03-08T23:59:59+00:00"
generated_at: "2026-06-18T09:00:50.627581+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Korn Ferry reports flat Q3 fee revenue at $680.8M; net income plunges 87% YoY to $11.2M

## Summary
- Fee revenue $680.8M, flat YoY (up 4% constant currency); total revenue $686.8M.
- GAAP diluted EPS $0.21 vs $1.54 YoY; adjusted diluted EPS $1.01 vs $1.59 YoY.
- Operating margin 1.8% vs 18.6% YoY due to restructuring charges of $41.8M net of tax for workforce realignment and asset impairments.
- Completed acquisition of Salo (finance/accounting/HR interim talent) on Feb 1, 2023; will be in Professional Search & Interim segment.
- Declared quarterly dividend $0.15 per share, payable Apr 14 to holders of record Mar 28.

## SEC filing metadata
- accession: 0001628280-23-006885
- form_type: 8-K
- ticker: KFY
- cik: 0000056679
- company_name: KORN FERRY
- filed_at: 2023-03-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/56679/000162828023006885/0001628280-23-006885-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/56679/000162828023006885/kfy-20230307.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-006885
- JSON: https://secwatch.observer/filing/0001628280-23-006885.json
- Plain text: https://secwatch.observer/filing/0001628280-23-006885.txt

## Key facts
- Earnings Releases
  KORN FERRY reported third quarter fiscal year 2023 results: revenue $680.8 million, net income $11.2 million, EPS $0.21.
  - Period: third quarter fiscal year 2023
  - Revenue: $680.8 million
  - Net income: $11.2 million
  - EPS: $0.21
  - Result: reported results
  source text: Korn Ferry Announces Third Quarter Fiscal 2023 Results of Operations Highlights ▪ Korn Ferry reports fee revenue of $680.8 million in Q3 FY’23, essentially flat (increase of 4% at constant currency) from Q3 FY’22. ▪ Net income and adjusted net income attributable to Korn Ferry were $11.2 million and $53.0 million in Q3 FY’23, while diluted and adjusted diluted earnings per share were $0.21 and $1.01 in Q3 FY’23, respectively.
  evidence_url: https://www.sec.gov/Archives/edgar/data/56679/000162828023006885/0001628280-23-006885-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.