2025 Executive Search Research Review
Retrospective review published 23 October 2026. Coverage: 2025 and the reporting periods shown below.
This review records selected public disclosures for 2025 reporting periods. It distinguishes full fiscal-year figures from interim nine-month figures and does not present a market total or quality ranking.
Year findings
Korn Ferry reported Executive Search fee revenue of USD 846.208 million for the fiscal year ended 30 April 2025. Regional fee revenue was USD 535.921 million in North America, USD 194.088 million in EMEA, USD 87.337 million in Asia Pacific and USD 28.862 million in Latin America. The 10-K reports 103 offices in 51 countries firm-wide and 1,696 Executive Search staff in total at year end. It records more than 6,300 new engagements with an average of 551 consultants and more than 3,700 Executive Search engagement clients.
Heidrick & Struggles disclosed Executive Search net revenue of USD 690.647 million for the nine months ended 30 September 2025. The same release gives third-quarter Executive Search net revenue of USD 239.083 million. Nine-month regional net revenue was USD 467.082 million in the Americas, USD 148.769 million in Europe and USD 74.796 million in Asia Pacific. The release records 421 Executive Search consultants at 30 September 2025. This is a nine-month figure only and is not annualised or shown as a full-year result.
No full-year 2025 figure for Heidrick & Struggles appears in the reviewed material. The company completed a take-private transaction led by Advent International and Corvex Private Equity on 10 December 2025, and its common stock ceased trading on Nasdaq. No 2025 Form 10-K is present. The newsroom listing checked for this review contains no full-year 2025 results release.
Egon Zehnder has no firm-published FY2025 revenue figure in the reviewed material. The 2025 fiscal year ended 31 October 2025. The 2026 press-release index and FY2025 Impact Report checked contain no revenue figure. That gap is bounded to the reviewed material and is not an estimate.
Selected disclosures
| Firm | Period | Measure and native currency | Figure | Primary source link |
|---|---|---|---|---|
| Heidrick & Struggles | Nine months ended 30 September 2025 | Executive Search net revenue, USD | USD 690.647m | Primary source |
| Korn Ferry | FY ended 30 April 2025 | Executive Search fee revenue, USD | USD 846.208m | Primary source |
Methodology and limits
Each row uses a firm-specific period and native currency. Figures are not added, ranked or converted. The nine-month Heidrick & Struggles figure is not treated as an annual figure, and the missing Egon Zehnder FY2025 revenue figure is not estimated. The table is alphabetical by firm. Korn Ferry reports Executive Search segment fee revenue to 30 April. Heidrick & Struggles reported interim net revenue before reimbursements. Egon Zehnder reports all-services revenue to 31 October. See methodology, editorial policy and contact us. Publisher: Executive Search Research LLC.