Kyndryl Holdings, Inc. (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 Sep 11, 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).
Margin expansion, not sales growth, is the central mechanic, while cash generation coexists with tighter liquidity and higher leverage.
Gross margin widened from17.8% in FY2024 to21.8% in FY2026 even though the revenue base was essentially flat versus FY2025; this points to better delivery economics or mix, not expansion of the sales base. Operating cash flow reached$948M versus free cash flow of$340M , so reinvestment absorbs much of the cash produced before financing.
Debt-to-equity reached 3.3x as current ratio fell to 0.9x in FY2026, showing a more leveraged balance sheet with less short-term asset coverage. Cash generation is positive, but current obligations now exceed current assets, leaving less balance-sheet flexibility.
Net margin improved from
Financial Health Signals
Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. 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.
Not available for Kyndryl Holdings, Inc., and counted as zero in the overall score.
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 19/100, 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.
Not available for Kyndryl Holdings, Inc., and counted as zero in the overall score.
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 efficiency signals pass.
For every $1 of reported earnings, Kyndryl Holdings, Inc. generates $5.12 in operating cash flow ($948.0M OCF vs $185.0M 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 -$55.0M in net income in Q1 2027. This represents a decrease of 198.2% from the same quarter a year earlier. Against the prior quarter it is down 1475.0%.
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.
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. This represents a decrease of 71.9% from the same quarter a year earlier. 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.
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 1.6 percentage points.
Kyndryl Holdings, Inc.'s ROE was -5.1% in Q1 2027, measuring profit generated per dollar of shareholder equity. This is down 9.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 5.5 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-Q | 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% | $4.0M-94.2% | $57.0M-73.5% | $68.0M+258.1% | $56.0M+409.1% | $69.0M+253.3% | $215.0M+1891.7% | -$43.0M+69.7% |
| EPS (Basic) | -$0.25-204.2% | $0.08-73.3% | $0.25-73.1% | $0.29+252.6% | $0.24+380.0% | $0.30+257.9% | $0.93+1960.0% | -$0.19+69.4% |
| EPS (Diluted) | -$0.25-208.7% | $0.08 | $0.25-71.9% | $0.29+252.6% | $0.23+360.0% | $0.28+247.4% | $0.89+1880.0% | -$0.19+69.4% |
| 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-Q | 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| 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 | -$1.9B+4.3% | -$1.9B+9.6% | -$1.9B+11.7% | -$1.9B+17.4% | -$2.0B+12.9% | -$2.1B+10.9% | -$2.1B+6.1% | -$2.4B-3.9% |
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-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$310.0M-150.0% | $498.0M-14.3% | $428.0M+64.6% | $146.0M-2.0% | -$124.0M-158.3% | $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 | -$459.0M-71.9% | $382.0M+12.0% | $208.0M+37.7% | $17.0M+13.3% | -$267.0M-57.1% | $341.0M+698.2% | $151.0M-42.4% | $15.0M+111.6% |
| Investing Cash Flow | -$49.0M+33.8% | -$125.0M+39.0% | -$240.0M-671.4% | -$122.0M-62.7% | -$74.0M+55.4% | -$205.0M-1.0% | $42.0M+129.6% | -$75.0M+21.1% |
| Financing Cash Flow | -$152.0M+10.6% | $905.0M+893.9% | -$138.0M-94.4% | -$140.0M-180.0% | -$170.0M-233.3% | -$114.0M-142.6% | -$71.0M-65.1% | -$50.0M-19.0% |
| 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-Q | 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 | 0.1%-1.7pp | 1.5%-4.3pp | 1.8%+3.0pp | 1.5%+1.2pp | 1.8%+3.0pp | 5.7%+6.0pp | -1.1%+2.4pp |
| Return on Equity | -5.1%-9.7pp | 0.3%-5.3pp | 4.8%-14.9pp | 5.5%+9.6pp | 4.5%+3.4pp | 5.7%+10.1pp | 19.7%+20.7pp | -4.0%+10.0pp |
| Return on Assets | -0.5%-0.9pp | 0.0%-0.6pp | 0.5%-1.7pp | 0.6%+1.0pp | 0.5%+0.4pp | 0.7%+1.1pp | 2.2%+2.3pp | -0.4%+0.9pp |
| 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 |
| 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 | $185.0M | 1.2% | $2.9B | 14/100 |
| Genpact Limited G | FY2025 | $5.1B | $552.5M | 10.9% | $5.9B | 69/100 |
| Epam Sys Inc EPAM | FY2025 | $5.5B | $377.7M | 6.9% | $5.9B | 75/100 |
| Exlservice Hldgs EXLS | FY2025 | $2.1B | $251.0M | 12.0% | $5.3B | 77/100 |
| Parsons PSN | FY2025 | $6.4B | $241.1M | 3.8% | $4.9B | 55/100 |
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 $185.0M in fiscal year 2026, with a net profit margin of 1.2%.
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 1.2% 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 15.7% 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, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Kyndryl Holdings, Inc.'s return on assets (ROA)?
Kyndryl Holdings, Inc. (KD) had a return on assets of 1.5% 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 38.7x earnings, its market capitalization divided by net income of $74.0M net income, trailing 12 months to June 30, 2026. The market capitalization is $2.9B as of Sep 11, 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 revenue of $15.0B revenue, trailing 12 months to June 30, 2026. The market capitalization is $2.9B as of Sep 11, 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 5.12x, 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 14 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite 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.