KD · Kyndryl Holdings, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q3 '25 | Q2 '25 | Q1 '26 | Q1 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.86B | $3.72B | $3.74B | $3.74B | $4.19B | $3.94B | $4.07B | $4.75B | $4.56B | $4.18B |
| Cost of Revenue | $3.02B | $2.92B | $2.95B | $2.93B | $3.45B | $3.18B | $3.42B | $4.16B | $4.00B | $3.61B |
| Gross Profit | $843.00M | $801.00M | $796.00M | $805.00M | $744.00M | $752.00M | $651.00M | $589.00M | $557.00M | $566.00M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $672.00M | $659.00M | $646.00M | $657.00M | $720.00M | $705.00M | $634.00M | $714.00M | $643.00M | $706.00M |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $193.00M | $193.00M | $191.00M | $127.00M | $210.00M | $207.00M | $220.00M | $331.00M | $232.00M | $221.00M |
| Operating Income | $91.00M | $98.00M | $92.00M | $64.00M | ($109.00M) | $53.00M | ($109.00M) | ($313.00M) | ($138.00M) | ($219.00M) |
| Interest Expense | $21.00M | $20.00M | $19.00M | $28.00M | $29.00M | $31.00M | $31.00M | $20.00M | $27.00M | $19.00M |
| Income Tax | $34.00M | $30.00M | $36.00M | $53.00M | $32.00M | $65.00M | $33.00M | $76.00M | $11.00M | $61.00M |
| Net Income | $57.00M | $68.00M | $56.00M | $11.00M | ($141.00M) | ($12.00M) | ($142.00M) | ($250.00M) | ($106.00M) | ($281.00M) |
| EPS - Basic | $0.25 | $0.29 | $0.24 | $0.05 | ($0.62) | ($0.05) | ($0.62) | ($1.11) | ($3.26) | ($3.08) |
| EPS - Diluted | $0.25 | $0.29 | $0.23 | $0.05 | ($0.62) | ($0.05) | ($0.62) | ($1.74) | ($0.47) | ($3.08) |
Balance Sheet
| Line item | Q3 '25 | Q2 '25 | Q1 '26 | Q1 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.35B | $1.33B | $1.46B | $1.79B | $1.55B | $1.69B | $1.41B | $1.85B | $2.00B | $1.89B |
| Accounts Receivable | $1.35B | $1.32B | $1.28B | $1.34B | $1.60B | $1.66B | $1.66B | $1.52B | $1.54B | $1.58B |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $1.24B | $1.12B | $1.14B | $1.35B | $1.41B | $1.48B | $1.25B | $1.77B | $1.72B | $1.59B |
| Current Assets | $4.33B | $4.29B | $4.47B | $4.59B | $4.75B | $4.85B | $4.59B | $4.96B | $4.97B | $4.96B |
| Total Assets | $11.28B | $11.24B | $11.49B | $10.45B | $10.59B | $10.97B | $10.60B | $11.46B | $11.85B | $11.63B |
| Current Liabilities | $5.04B | $4.20B | $4.24B | $4.30B | $4.59B | $5.15B | $4.49B | $4.87B | $4.61B | $4.58B |
| Long-term Debt | $2.90B | $2.90B | $2.90B | $2.90B | $2.90B | $3.00B | $3.00B | $3.00B | $3.00B | $3.00B |
| Total Liabilities | $9.97B | $9.90B | $10.15B | $9.12B | $9.47B | $9.68B | $9.49B | $10.00B | $9.92B | $9.88B |
| Stockholders' Equity | $1.19B | $1.23B | $1.23B | $1.22B | $1.01B | $1.19B | $1.01B | $1.36B | $1.83B | $1.65B |
| Retained Earnings | ($1.89B) | ($1.94B) | ($2.01B) | ($2.07B) | ($2.32B) | ($2.27B) | ($2.26B) | ($1.98B) | ($1.24B) | ($1.14B) |
Cash Flow
| Line item | Q3 '25 | Q2 '25 | Q1 '26 | Q1 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | ($124.00M) | ($48.00M) | ($173.00M) | - | - | ($161.00M) | - | - |
| Investing Cash Flow | - | - | ($74.00M) | ($166.00M) | ($113.00M) | - | - | ($211.00M) | - | - |
| Financing Cash Flow | - | - | ($170.00M) | ($51.00M) | ($38.00M) | - | - | ($41.00M) | - | - |
| CapEx | - | - | $143.00M | $122.00M | $100.00M | - | - | $213.00M | - | - |
| Free Cash Flow | - | - | ($267.00M) | ($170.00M) | ($273.00M) | - | - | ($374.00M) | - | - |
Ratios
| Metric | Q3 '25 | Q2 '25 | Q1 '26 | Q1 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 21.8% | 21.5% | 21.3% | 21.5% | 17.7% | 19.1% | 16.0% | 12.4% | 12.2% | 13.5% |
| Operating margin | 2.4% | 2.6% | 2.5% | 1.7% | -2.6% | 1.3% | -2.7% | -6.6% | -3.0% | -5.2% |
| EBITDA margin | 7.4% | 7.8% | 7.6% | 5.1% | 2.4% | 6.6% | 2.7% | 0.4% | 2.1% | 0.0% |
| Net margin | 1.5% | 1.8% | 1.5% | 0.3% | -3.4% | -0.3% | -3.5% | -5.3% | -2.3% | -6.7% |
| Free cash flow margin | - | - | -7.1% | -4.5% | -6.5% | - | - | -7.9% | - | - |
| FCF / Net income | - | - | -4.77 | -15.45 | 1.94 | - | - | 1.50 | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 17.4% | 17.7% | 17.3% | 17.6% | 17.2% | 17.9% | 15.6% | 15.0% | 14.1% | 16.9% |
| Effective tax rate | 37.4% | 30.6% | 39.1% | 82.8% | - | 122.6% | - | - | - | - |
| Return on assets | 0.5% | 0.6% | 0.5% | 0.1% | -1.3% | -0.1% | -1.3% | -2.2% | -0.9% | -2.4% |
| Return on equity | 4.8% | 5.5% | 4.5% | 0.9% | -13.9% | -1.0% | -14.0% | -18.3% | -5.8% | -17.0% |
| Return on invested capital | 1.4% | 1.6% | 1.4% | 0.8% | -2.2% | 0.6% | -2.1% | -5.7% | -2.3% | -3.7% |
| Liquidity | ||||||||||
| Current ratio | 0.86 | 1.02 | 1.05 | 1.07 | 1.03 | 0.94 | 1.02 | 1.02 | 1.08 | 1.08 |
| Quick ratio | 0.86 | 1.02 | 1.05 | 1.07 | 1.03 | 0.94 | 1.02 | 1.02 | 1.08 | 1.08 |
| Cash ratio | 0.27 | 0.32 | 0.34 | 0.42 | 0.34 | 0.33 | 0.31 | 0.38 | 0.43 | 0.41 |
| Leverage | ||||||||||
| Debt / Equity | 2.43 | 2.36 | 2.35 | 2.38 | 2.86 | 2.52 | 2.96 | 2.20 | 1.64 | 1.82 |
| Debt / Assets | 0.26 | 0.26 | 0.25 | 0.28 | 0.27 | 0.27 | 0.28 | 0.26 | 0.25 | 0.26 |
| Debt / EBITDA | 10.21 | 9.97 | 10.25 | 15.18 | 28.71 | 11.54 | 27.03 | 166.67 | 31.91 | 1500.00 |
| Interest coverage | 4.3x | 4.9x | 4.8x | 2.3x | -3.8x | 1.7x | -3.5x | -15.7x | -5.1x | -11.5x |
| Equity multiplier | 9.44 | 9.16 | 9.32 | 8.57 | 10.43 | 9.23 | 10.47 | 8.40 | 6.47 | 7.05 |
| Liabilities / Assets | 0.88 | 0.88 | 0.88 | 0.87 | 0.89 | 0.88 | 0.90 | 0.87 | 0.84 | 0.85 |
| Efficiency | ||||||||||
| Asset turnover | 0.34 | 0.33 | 0.33 | 0.36 | 0.40 | 0.36 | 0.38 | 0.41 | 0.38 | 0.36 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 128d | 129d | 125d | 131d | 139d | 154d | 149d | 117d | 123d | 138d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 150d | 140d | 142d | 168d | 149d | 169d | 133d | 156d | 157d | 161d |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 106.2x | 103.6x | 182.4x | 628.0x | - | - | - | - | - | - |
| P / B | 5.2x | 5.8x | 8.1x | 6.1x | 4.9x | 4.0x | 3.4x | 2.4x | 1.4x | 1.1x |
| P / S | 1.6x | 1.9x | 2.7x | 2.0x | 1.2x | 1.2x | 0.8x | 0.7x | 0.6x | 0.4x |
| EV / EBITDA | 27.2x | 29.7x | 40.5x | 44.6x | 62.4x | 23.4x | 45.5x | 247.8x | 37.5x | 1482.7x |
| Growth | ||||||||||
| Revenue growth (YoY) | -2.0% | -8.6% | 0.1% | -10.8% | -11.7% | -13.6% | -2.5% | 7.2% | - | - |
| Revenue CAGR (3y) | - | - | -7.6% | -5.5% | - | -5.7% | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 12.1% | 23.0% | -1.1% | 8.2% | 26.3% | 35.0% | 15.0% | -3.0% | - | - |
| Operating income growth (YoY) | 71.7% | - | 43.8% | - | 65.2% | - | 50.2% | -65.6% | - | - |
| Net income growth (YoY) | - | - | 409.1% | - | 43.6% | 88.7% | 49.5% | -9.2% | - | - |
| EPS growth (YoY) | - | - | 360.0% | - | 64.4% | 89.4% | 79.9% | -70.6% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | -57.1% | 37.7% | 27.0% | - | - | 26.4% | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 0.4% | 21.1% | 1.2% | 20.1% | -25.6% | -35.1% | -38.6% | -47.9% | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2026-03-31.
Business segments
$15.09B totalPrincipal Markets Segment$5.40B · 35.8%
United States Segment$3.78B · 25.1%
Strategic Markets Segment$3.63B · 24.0%
Japan Segment$2.28B · 15.1%
Geographic
$15.09B totalCountries Excluding United States And Japan$9.02B · 59.8%
US$3.78B · 25.1%
JP$2.28B · 15.1%
Peer comparison
Same SIC group: Services-Computer Integrated Systems Design
Comparing Kyndryl Holdings against the 5 most active filers in the same SIC group.