Korn Ferry KFY Deferred Revenue

The Company has elected to apply the practical expedient to exclude the value of unsatisfied performance obligations for contracts with a duration of one year or less, which applies to all executive search, professional search and to most of the fee revenue from the interim business. As of January 31, 2026, the aggregate transaction price allocated to the performance obligations that are unsatisfied for contracts with an expected duration of greater than one year at inception was $1,295.2 million. Of the $1,295.2 million of remaining performance obligations, the Company expects to recognize approximately $201.7 million in the remainder of fiscal 2026, $590.5 million in fiscal 2027, $286.4 million in fiscal 2028 and the remaining $216.6 million in fiscal 2029 and thereafter. However, this amount should not be considered an indication of the Company’s future revenue as contracts with an initial term of one year or less are not included. Further, the Company's contract terms and conditions allow for clients to increase or decrease the scope of services and such changes do not increase or decrease a performance obligation until the Company has an enforceable right to payment.