Kyndryl Holdings (KD) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 26, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q1 FY2027, filed Aug 5, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the KD SEC filings page.
Kyndryl Holdings, Inc. (KD) reported $15.0B in revenue over the twelve months to Jun 30, 2026, down 0.6% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Kyndryl’s revenue is flat, but lower delivery costs have widened margins while heavier debt and short-term obligations reshape financing.
In FY2026, net income fell21.4% even as operating cash flow rose0.6% . At478.8% of net income, cash generation was not tracking reported profit, indicating that non-cash charges or working-capital timing materially shaped the result.
Gross margin rose 0.9 percentage points to
The balance sheet became more obligation-heavy: current ratio was 0.9x, below 1.0x, meaning current assets did not fully cover current liabilities at year-end. Long-term debt rose
Financial Health Signals
Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Kyndryl Holdings, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Kyndryl Holdings, Inc.'s revenue grew a modest 0.2% year-over-year to $15.1B. This slow but positive growth earns a score of 21/100.
Kyndryl Holdings, Inc. has elevated debt relative to equity (D/E of 3.32), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 18/100, reflecting increased financial risk.
Kyndryl Holdings, Inc.'s current ratio of 0.88 is below the typical benchmark, resulting in a score of 14/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Kyndryl Holdings, Inc. has a free cash flow margin of 2.3%, earning a moderate score of 31/100. The company generates positive cash flow after capital investments, but with room for improvement.
Kyndryl Holdings, Inc.'s ROE of 16.9% shows moderate profitability relative to equity, earning a score of 39/100. This is down from 20.7% the prior year.
Kyndryl Holdings, Inc. passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 operating efficiency signals passes.
For every $1 of reported earnings, Kyndryl Holdings, Inc. generates $4.79 in operating cash flow ($948.0M OCF vs $198.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Kyndryl Holdings, Inc. generated $3.6B in revenue in Q1 2027. This represents a decrease of 3.3% from the same quarter a year earlier. Against the prior quarter it is down 4.0%.
Kyndryl Holdings, Inc. reported a net loss of $55.0M in Q1 2027. This represents a decrease of 198.2% from the same quarter a year earlier. Against the prior quarter it is down 423.5%.
Kyndryl Holdings, Inc. earned -$0.25 per diluted share (EPS) in Q1 2027. This represents a decrease of 208.7% from the same quarter a year earlier. Against the prior quarter it is down 412.5%.
Not reported for Q1 2027.
Cash & Balance Sheet
Kyndryl Holdings, Inc. recorded an outflow of $459.0M in free cash flow in Q1 2027, representing a cash shortfall after capex. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. Against the prior quarter it is down 220.2%.
Kyndryl Holdings, Inc. held $2.1B in cash against $3.9B in long-term debt as of Q1 2027.
Kyndryl Holdings, Inc. paid $0.00 per share in dividends in Q1 2027. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Margins & Returns
Kyndryl Holdings, Inc.'s gross margin was 21.4% in Q1 2027, indicating the percentage of revenue retained after direct costs. This is up 0.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.1 percentage points.
Kyndryl Holdings, Inc.'s net profit margin was -1.5% in Q1 2027, showing the share of revenue converted to profit. This is down 3.0 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.0 percentage points.
Kyndryl Holdings, Inc.'s quarterly ROE was -5.1% in Q1 2027: one quarter's net income over shareholder equity, not annualized. This is down 9.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 6.6 percentage points.
Not reported for Q1 2027.
Capital Allocation
Kyndryl Holdings, Inc. spent $64.0M on share buybacks in Q1 2027, returning capital to shareholders by reducing shares outstanding. This represents an increase of 3.2% from the same quarter a year earlier. Against the prior quarter it is up 18.5%.
Kyndryl Holdings, Inc. invested $149.0M in capex in Q1 2027, funding long-term assets and infrastructure. This represents an increase of 4.2% from the same quarter a year earlier. Against the prior quarter it is up 28.4%.
Not reported for Q1 2027.
KD Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-K | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.6B-3.3% | $3.8B-0.8% | $3.9B+3.1% | $3.7B-1.4% | $3.7B+0.1% | $3.8B-1.3% | $3.7B-4.9% | $3.8B-7.3% |
| Cost of Revenue | $2.8B-3.6% | $2.9B-1.8% | $3.0B+1.2% | $2.9B-3.4% | $2.9B+0.4% | $3.0B-5.1% | $3.0B-6.4% | $3.0B-11.6% |
| Gross Profit | $776.0M-2.5% | $849.0M+2.9% | $843.0M+10.5% | $801.0M+6.8% | $796.0M-1.1% | $825.0M+15.2% | $763.0M+1.5% | $750.0M+15.2% |
| SG&A Expenses | $668.0M+3.4% | $677.0M+5.8% | $672.0M+3.9% | $659.0M+1.9% | $646.0M-1.7% | $640.0M-10.4% | $647.0M-8.2% | $647.0M+2.1% |
| Interest Expense | $34.0M+78.9% | $29.0M+26.1% | $21.0M-12.5% | $20.0M-20.0% | $19.0M-32.1% | $23.0M-25.8% | $24.0M-22.6% | $25.0M-19.4% |
| Income Tax | -$14.0M-138.9% | $115.0M+130.0% | $34.0M-20.9% | $30.0M-21.1% | $36.0M-32.1% | $50.0M+19.0% | $43.0M-33.8% | $38.0M+15.2% |
| Net Income | -$55.0M-198.2% | $17.0M | $57.0M-73.5% | $68.0M | $56.0M | N/A | $215.0M | N/A |
| EPS (Basic) | -$0.25-204.2% | $0.08-73.3% | $0.25-73.1% | $0.29n/m | $0.24+380.0% | $0.30n/m | $0.93n/m | -$0.19n/m |
| EPS (Diluted) | -$0.25-208.7% | $0.08-71.4% | $0.25-71.9% | $0.29n/m | $0.23+360.0% | $0.28n/m | $0.89n/m | -$0.19n/m |
| Diluted Shares (Avg) | 221M-7.7% | N/A | 233M-3.4% | 236M+1.9% | 239M+1.4% | N/A | 241M+4.8% | 232M+1.1% |
Not reported in any period shown, so not listed: R&D Expenses, Operating Income, EBITDA.
KD Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-K | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $12.0B+4.6% | $12.6B+20.1% | $11.3B+13.6% | $11.2B+8.2% | $11.5B+13.1% | $10.5B-1.3% | $9.9B-9.5% | $10.4B-1.9% |
| Current Assets | $5.1B+13.5% | $5.5B+20.5% | $4.3B+0.7% | $4.3B-2.2% | $4.5B+2.6% | $4.6B-3.3% | $4.3B-11.4% | $4.4B-4.5% |
| Cash & Equivalents | $2.1B+43.9% | $2.6B+46.9% | $1.3B-10.2% | $1.3B+0.5% | $1.5B+15.2% | $1.8B+15.0% | $1.5B-11.1% | $1.3B-5.9% |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Accounts Receivable | $1.2B-2.3% | $1.3B-3.3% | $1.4B-1.5% | $1.3B-8.7% | $1.3B-11.3% | $1.3B-15.9% | $1.4B-17.1% | $1.4B-13.3% |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Goodwill | $784.0M-1.1% | $786.0M-0.5% | $787.0M0.0% | $791.0M+0.1% | $793.0M+0.9% | $790.0M-1.9% | $787.0M-2.7% | $790.0M-2.0% |
| Total Liabilities | $10.9B+7.0% | $11.3B+23.4% | $10.0B+14.3% | $9.9B+7.4% | $10.2B+12.0% | $9.1B-3.7% | $8.7B-9.9% | $9.2B-2.8% |
| Current Liabilities | $6.0B+41.0% | $6.3B+46.7% | $5.0B+28.2% | $4.2B-1.2% | $4.2B+0.3% | $4.3B-6.3% | $3.9B-23.6% | $4.2B-5.3% |
| Non-Current Liabilities | $4.9B-17.4% | $5.0B+2.7% | $4.9B+2.9% | $5.7B+14.7% | $5.9B+22.3% | $4.8B-1.2% | $4.8B+5.8% | $5.0B-0.6% |
| Long-Term Debt | $3.9B+34.5% | $3.9B+34.5% | $2.9B0.0% | $2.9B0.0% | $2.9B0.0% | $2.9B0.0% | $2.9B-3.3% | $2.9B-3.3% |
| Total Equity | $1.1B-13.3% | $1.2B-3.6% | $1.2B+9.1% | $1.2B+15.2% | $1.2B+23.9% | $1.2B+20.1% | $1.1B-8.0% | $1.1B+5.1% |
| Retained Earnings | -$1.9Bn/m | -$1.9Bn/m | -$1.9Bn/m | -$1.9Bn/m | -$2.0Bn/m | -$2.1Bn/m | -$2.1Bn/m | -$2.4Bn/m |
Not reported in any period shown, so not listed: Inventory.
KD Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-K | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$310.0Mn/m | $498.0M-14.3% | $428.0M+64.6% | $146.0M-2.0% | -$124.0Mn/m | $581.0M+300.7% | $260.0M-40.4% | $149.0M+223.9% |
| Depreciation & Amortization | $189.0M-4.5% | $192.0M-2.0% | $199.0M-1.0% | $200.0M+25.0% | $198.0M+47.8% | $196.0M-3.0% | $201.0M-6.5% | $160.0M-29.5% |
| Stock-Based Compensation | $21.0M-12.5% | N/A | $23.0M-20.7% | $26.0M+4.0% | $24.0M0.0% | N/A | $29.0M+16.0% | $25.0M0.0% |
| Capital Expenditures | $149.0M+4.2% | $116.0M-51.7% | $220.0M+101.8% | $129.0M-3.7% | $143.0M+17.2% | $240.0M+18.8% | $109.0M-37.4% | $134.0M-23.4% |
| Free Cash Flow | -$459.0Mn/m | $382.0M+12.0% | $208.0M+37.7% | $17.0M+13.3% | -$267.0Mn/m | $341.0Mn/m | $151.0M-42.4% | $15.0Mn/m |
| Investing Cash Flow | -$49.0Mn/m | -$125.0Mn/m | -$240.0M-671.4% | -$122.0Mn/m | -$74.0Mn/m | -$205.0Mn/m | $42.0Mn/m | -$75.0Mn/m |
| Financing Cash Flow | -$152.0Mn/m | $905.0Mn/m | -$138.0Mn/m | -$140.0Mn/m | -$170.0Mn/m | -$114.0Mn/m | -$71.0Mn/m | -$50.0Mn/m |
| Share Buybacks | $64.0M+3.2% | $54.0M-14.3% | $99.0M | $89.0M | $62.0M | $63.0M | N/A | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
KD Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-K | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 21.4%+0.2pp | 22.5%+0.8pp | 21.9%+1.5pp | 21.5%+1.7pp | 21.3%-0.3pp | 21.7%+3.1pp | 20.4%+1.3pp | 19.9%+3.9pp |
| Net Margin | -1.5%-3.0pp | 0.4% | 1.5%-4.3pp | 1.8% | 1.5% | N/A | 5.7% | N/A |
| Return on Equity | -5.1%-9.7pp | 1.5% | 4.8%-14.9pp | 5.5% | 4.5% | N/A | 19.7% | N/A |
| Return on Assets | -0.5%-0.9pp | 0.1% | 0.5%-1.7pp | 0.6% | 0.5% | N/A | 2.2% | N/A |
| Current Ratio | 0.85-0.2x | 0.88-0.2x | 0.86-0.2x | 1.020.0x | 1.050.0x | 1.070.0x | 1.09+0.2x | 1.030.0x |
| Debt-to-Equity | 3.64+1.3x | 3.32+0.9x | 2.43-0.2x | 2.36-0.4x | 2.35-0.6x | 2.38-0.5x | 2.65+0.1x | 2.72-0.2x |
| Liabilities-to-Equity | 10.15+1.9x | 9.58+2.1x | 8.35+0.4x | 8.07-0.6x | 8.23-0.9x | 7.48-1.8x | 7.97-0.2x | 8.66-0.7x |
| Asset Turnover | 0.300.0x | 0.30-0.1x | 0.340.0x | 0.330.0x | 0.330.0x | 0.360.0x | 0.380.0x | 0.360.0x |
| FCF Margin | -12.7%-5.6pp | 10.1%+1.2pp | 5.4%+1.4pp | 0.5%+0.1pp | -7.1%-2.6pp | 9.0%+10.5pp | 4.0%-2.6pp | 0.4%+3.6pp |
Not reported in any period shown, so not listed: Operating Margin.
Note: The current ratio is below 1.0 (0.88), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Kyndryl Holdings, Inc. KD | FY2026 | $15.1B | $198.0M | 1.3% | $3.2B | 26/100 |
| GENPACT LIMITED G | FY2025 | $5.1B | $552.5M | 10.9% | $6.8B | 68/100 |
| EPAM SYSTEMS, INC. EPAM | FY2025 | $5.5B | $377.7M | 6.9% | $7.1B | 75/100 |
| ExlService Holdings, Inc. EXLS | FY2025 | $2.1B | $251.0M | 12.0% | $6.3B | 76/100 |
| Parsons Corporation PSN | FY2025 | $6.4B | $241.1M | 3.8% | $5.3B | 55/100 |
| GDS Holdings Limited GDS | FY2025 | $1.6B | $135.8M | 8.3% | $4.6B | 36/100 |
Where Kyndryl Holdings, Inc. Ranks
Frequently Asked Questions
What is Kyndryl Holdings, Inc.'s annual revenue?
Kyndryl Holdings, Inc. (KD) reported $15.1B in total revenue for fiscal year 2026. This represents a 0.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Kyndryl Holdings, Inc.'s revenue growing?
Kyndryl Holdings, Inc. (KD) revenue grew by 0.2% year-over-year, from $15.1B to $15.1B in fiscal year 2026.
Is Kyndryl Holdings, Inc. profitable?
Yes, Kyndryl Holdings, Inc. (KD) reported a net income of $87.0M over the trailing 12 months to June 30, 2026. In fiscal year 2026 it reported a net income of $198.0M, with a net profit margin of 1.3%.
How much debt does Kyndryl Holdings, Inc. have?
As of fiscal year 2026, Kyndryl Holdings, Inc. (KD) had $2.6B in cash and equivalents against $3.9B in long-term debt.
What is Kyndryl Holdings, Inc.'s gross margin?
Kyndryl Holdings, Inc. (KD) had a gross margin of 21.8% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.
What is Kyndryl Holdings, Inc.'s net profit margin?
Kyndryl Holdings, Inc. (KD) had a net profit margin of 1.3% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
What is Kyndryl Holdings, Inc.'s return on equity (ROE)?
Kyndryl Holdings, Inc. (KD) has a return on equity of 16.9% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is Kyndryl Holdings, Inc.'s free cash flow?
Kyndryl Holdings, Inc. (KD) generated $340.0M in free cash flow during fiscal year 2026. This represents a 0.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Kyndryl Holdings, Inc.'s operating cash flow?
Kyndryl Holdings, Inc. (KD) generated $948.0M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Kyndryl Holdings, Inc.'s total assets?
Kyndryl Holdings, Inc. (KD) had $12.6B in total assets as of fiscal year 2026, including both current and long-term assets.
What are Kyndryl Holdings, Inc.'s capital expenditures?
Kyndryl Holdings, Inc. (KD) invested $608.0M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
How much does Kyndryl Holdings, Inc. spend on research and development?
Kyndryl Holdings, Inc. (KD) invested $57.0M in research and development during fiscal year 2026.
What is Kyndryl Holdings, Inc.'s current ratio?
Kyndryl Holdings, Inc. (KD) had a current ratio of 0.88 as of fiscal year 2026, which is below 1.0, which may suggest potential liquidity concerns.
What is Kyndryl Holdings, Inc.'s debt-to-equity ratio?
Kyndryl Holdings, Inc. (KD) had a debt-to-equity ratio of 3.32 as of fiscal year 2026. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
What is Kyndryl Holdings, Inc.'s liabilities-to-equity ratio?
Kyndryl Holdings, Inc. (KD) had a liabilities-to-equity ratio of 9.58 as of fiscal year 2026, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
What is Kyndryl Holdings, Inc.'s return on assets (ROA)?
Kyndryl Holdings, Inc. (KD) had a return on assets of 1.6% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Kyndryl Holdings, Inc.'s P/E ratio?
Kyndryl Holdings, Inc. (KD) trades at 36.8x earnings, its market capitalization divided by $87.0M net income, trailing 12 months to June 30, 2026. The market capitalization is $3.2B as of Oct 26, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Kyndryl Holdings, Inc.'s price-to-sales ratio?
Kyndryl Holdings, Inc. (KD) trades at 0.2x sales, its market capitalization divided by $15.0B revenue, trailing 12 months to June 30, 2026. The market capitalization is $3.2B as of Oct 26, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Kyndryl Holdings, Inc.'s Piotroski F-Score?
Kyndryl Holdings, Inc. (KD) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Kyndryl Holdings, Inc.'s earnings high quality?
Kyndryl Holdings, Inc. (KD) has an earnings quality ratio of 4.79x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Kyndryl Holdings, Inc.?
Kyndryl Holdings, Inc. (KD) scores 26 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.