Kyndryl Holdings, Inc. (KD)
Kyndryl Holdings, Inc. functions as a global technology and IT infrastructure services specialist. The firm delivers a comprehensive portfolio of IT solutions, encompassing cloud computing, foundational enterprise platforms, application development, data analytics, and artificial intelligence capabilities. Additionally, Kyndryl provides services related to modern digital workplaces, robust security and resiliency, alongside advanced network and edge computing solutions. It caters to a diverse clientele across various sectors such as finance, telecommunications, retail, automotive, and logistics. Established in 2020, its corporate headquarters are situated in New York, New York.
Sector: Services-Computer Integrated Systems Design
Industry: Information Technology Services
Kyndryl Holdings, Inc.
NYSE:KDTechnology · Information Technology Services
-2.89%$14.76
AH Close$14.76+0.00%vs close
AH Close$14.76+0.00%vs close
Mkt Cap$3.21B
Float215.47M
O/S217.82M
Inst Own88.2%
SI15.9%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$15.09B
Net Income$198M
Total Assets$12.55B
Free Cash Flow$340M
Debt & Equity
Debt 81%
Equity 19%
Total Debt$4.96B
Total Equity$1.18B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in KD's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$12.55B
Liabilities$11.26B
Accounts Receivable$1.3B
Accounts Payable$1.35B
Inventory$0
PP&E (Net)$3.37B
Goodwill$786M
Intangible Assets$165M
Income Statement
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2018-12-31 |
| Revenue | $15.09B | $15.06B | $16.05B | $17.03B | $18.66B | $18.66B | $20.28B | $21.8B |
| YoY Growth | 0.2% | -6.2% | -5.7% | -8.7% | 0.0% | -8.0% | -7.0% | - |
| Cost of Revenue | $11.8B | $11.91B | $13.19B | $14.5B | $16.55B | $16.55B | $17.68B | $19.24B |
| Gross Profit | $3.29B | $3.14B | $2.86B | $2.53B | $2.11B | $2.11B | $2.6B | $2.56B |
| Gross Margin | 21.8% | 20.9% | 17.8% | 14.8% | 11.3% | 11.3% | 12.8% | 11.7% |
| Research and Development | $0 | $49M | $58M | $79M | $23M | $0 | $83M | $69M |
| Selling, General, and Administrative | $2.65B | $2.59B | $2.77B | $2.91B | $2.78B | $2.78B | $3.15B | $3.04B |
| Other | $0 | -$49M | -$58M | -$79M | -$23M | $0 | $0 | $0 |
| Total Operating Expenses | $2.65B | $2.59B | $2.77B | $2.91B | $2.78B | $2.78B | $3.23B | $3.11B |
| Operating Income (EBIT) | $635M | $552M | $90M | -$386M | -$669M | -$669M | -$631M | -$435M |
| Operating Margin | 4.2% | 3.7% | 0.6% | -2.3% | -3.6% | -3.6% | -3.1% | -2.0% |
| Interest Expense | $89M | $100M | $122M | $94M | $64M | $64M | $76M | $85M |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$221M | -$117M | -$258M | -$465M | -$1.23B | -$1.23B | $52M | -$195M |
| Income Before Tax (EBT) | $414M | $435M | -$168M | -$851M | -$1.9B | -$1.9B | -$579M | -$630M |
| Income Tax Expense | $215M | $184M | $172M | $524M | $402M | $402M | $364M | $350M |
| Net Income | $198M | $252M | -$340M | -$1.37B | -$2.3B | -$2.3B | -$943M | -$980M |
| Net Income Margin | 1.3% | 1.7% | -2.1% | -8.1% | -12.3% | -12.3% | -4.7% | -4.5% |
| Supplementary Data | ||||||||
| EPS | 0.87 | 1.09 | -1.48 | -6.06 | -10.28 | -8.99 | -4.21 | -4.38 |
| Diluted EPS | 0.85 | 1.05 | -1.48 | -6.06 | -10.28 | -8.99 | -4.21 | -4.38 |
| Weighted Average OS | 228.30M | 231.50M | 229.20M | 226.70M | 224.10M | 223.92M | 223.92M | 223.92M |
| EBITDA | $3.28B | $1.55B | $1.14B | $617M | -$175M | -$175M | $3.51B | $980M |
| EBITDA Margin | 21.7% | 10.3% | 7.1% | 3.6% | -0.9% | -0.9% | 17.3% | 4.5% |
Balance Sheet
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2019-12-31 |
| Assets | |||||||
| Current Assets | |||||||
| Cash and Cash Equivalents | $2.62B | $1.79B | $1.55B | $1.85B | $2.22B | $2.22B | $36M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $2.62B | $1.79B | $1.55B | $1.85B | $2.22B | $2.22B | $36M |
| Accounts Receivable | $1.3B | $1.34B | $1.6B | $1.52B | $2.28B | $2.28B | $1.79B |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $1.17B | $1.46B | $1.59B | $1.59B | $938M | $938M | $1.15B |
| Total Current Assets | $5.53B | $4.59B | $4.75B | $4.96B | $5.78B | $5.78B | $3.15B |
| Long-Term Assets | |||||||
| Property, Plant & Equipment Net | $3.37B | $3.3B | $3.54B | $3.74B | $4.29B | $4.29B | $5.34B |
| Goodwill | $786M | $790M | $805M | $812M | $732M | $732M | $1.16B |
| Intangible Assets | $165M | $217M | $188M | $171M | $36M | $36M | $89M |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $240M | $204M | $220M | $248M | $675M | $675M | $349M |
| Other Long-Term Assets | $2.46B | $1.35B | $1.09B | $1.53B | $1.71B | $1.71B | $1.65B |
| Total Long-Term Assets | $7.02B | $5.86B | $5.84B | $6.5B | $7.44B | $7.44B | $8.59B |
| Other Assets | $0 | $1M | $0 | -$1M | $0 | $0 | -$1M |
| Total Assets | $12.55B | $10.45B | $10.59B | $11.46B | $13.21B | $13.21B | $11.74B |
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts Payable | $1.35B | $1.35B | $1.41B | $1.77B | $1.14B | $1.14B | $826M |
| Short-Term Debt | $1.8B | $129M | $126M | $110M | $105M | $105M | $0 |
| Current Income Tax Payable | $151M | $256M | $256M | $327M | $347M | $357M | $0 |
| Current Unearned Revenue | $888M | $746M | $825M | $820M | $872M | $872M | $896M |
| Other Current Liabilities | $475M | $681M | $655M | $606M | $961M | $961M | $957M |
| Total Current Liabilities | $6.31B | $4.3B | $4.59B | $4.87B | $4.46B | $4.46B | $3.41B |
| Long-Term Liabilities | |||||||
| Long-Term Debt | $2.29B | $3.04B | $3.11B | $3.11B | $3.13B | $3.13B | $0 |
| Long-Term Unearned Revenue | $390M | $341M | $314M | $362M | $475M | $475M | $615M |
| Long-Term Deferred Tax Liabilities | $0 | $187M | $145M | $183M | $179M | $179M | $80M |
| Other Long-Term Liabilities | $1.67B | $739M | $686M | $771M | $1.2B | $1.2B | $703M |
| Total Long-Term Liabilities | $4.95B | $4.82B | $4.88B | $5.13B | $5.99B | $5.99B | $2.39B |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $11.26B | $9.12B | $9.47B | $10B | $10.45B | $10.45B | $5.8B |
| Stockholders' Equity | |||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $4.7B | $4.63B | $4.52B | $4.43B | $4.28B | $4.28B | $7.11B |
| Retained Earnings | -$1.87B | -$2.07B | -$2.32B | -$1.98B | -$375M | -$375M | $0 |
| Comprehensive Income & Other | -$1.07B | -$1.16B | -$1.15B | -$1.06B | -$1.14B | -$1.14B | -$1.22B |
| Other Stockholders' Equity | -$1.66B | -$1.34B | -$1.19B | -$1.08B | -$1.14B | -$1.14B | -$1.22B |
| Total Equity | $1.18B | $1.22B | $1.01B | $1.36B | $2.77B | $2.77B | $5.89B |
| Minority Interest | $117M | $113M | $107M | $97M | $3M | $3M | $56M |
| Total Liabilities and Equity | $12.43B | $10.34B | $10.48B | $11.37B | $13.21B | $13.21B | $11.69B |
| Supplementary Data | |||||||
| Total Debt | $4.96B | $3.96B | $4.14B | $4.24B | $4.6B | $4.6B | $1.36B |
| Net Debt | $2.33B | $2.17B | $2.59B | $2.4B | $2.38B | $2.38B | $1.32B |
Cash Flow Statement
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2019-12-31 | 2018-12-31 |
| Operating Activities | ||||||||
| Net Income | $198M | $252M | -$340M | -$340M | -$2.3B | -$2.3B | -$943M | -$980M |
| Depreciation & Amortization | $2.77B | $1.02B | $1.18B | $1.37B | $1.66B | $1.66B | $4.04B | $1.52B |
| Deferred Income Tax | -$24M | -$1M | -$13M | -$13M | -$401M | -$401M | -$33M | $40M |
| Stock-Based Compensation | $64M | $100M | $95M | $95M | $71M | $71M | $0 | $57M |
| Changes in Working Capital: | ||||||||
| Accounts Receivable | -$128M | $289M | $11M | $11M | -$1.08B | -$1.08B | $23M | $220M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$93M | -$89M | -$305M | -$305M | $125M | $125M | $33M | -$29M |
| Other Working Capital | -$1.96B | -$2.17B | -$2.01B | -$2.01B | -$517M | -$517M | -$2.03B | -$2.18B |
| Total Working Capital Change | -$2.18B | -$1.97B | -$2.3B | -$2.3B | -$1.47B | -$1.47B | -$1.98B | -$1.99B |
| Other Non-Cash Items | $115M | $1.55B | $1.83B | $1.64B | $2.32B | $2.32B | $52M | $2.02B |
| Net Cash from Operating | $948M | $942M | $454M | $454M | -$119M | -$119M | $1.13B | $674M |
| Investing Activities | ||||||||
| Capital Expenditures | -$608M | -$605M | -$651M | -$651M | -$752M | -$752M | -$1.19B | -$1.56B |
| Acquisitions | $66M | $139M | $0 | $0 | $0 | $0 | $63M | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$19M | $62M | $98M | $98M | $180M | $180M | -$1M | $112M |
| Net Cash from Investing | -$561M | -$404M | -$553M | -$553M | -$572M | -$572M | -$1.13B | -$1.45B |
| Financing Activities | ||||||||
| Debt Repaid | -$854M | $148M | $150M | $150M | -$2.95B | -$2.95B | $18M | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $18M | $0 |
| Common Stock Repurchases | -$398M | -$138M | -$22M | -$22M | -$1M | -$1M | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $1M | $0 | $2M | $2M | -$31M | -$31M | $0 | $791M |
| Net Cash from Financing | $457M | -$286M | -$170M | -$170M | $2.92B | $2.92B | $0 | $791M |
| Forex Effect | -$10M | -$16M | -$37M | -$37M | -$22M | -$22M | $44M | -$5M |
| Net Change in Cash | $834M | $235M | -$306M | -$306M | $2.2B | $2.2B | $50M | $46M |
| Supplementary Data | ||||||||
| Operating Cash Flow | $948M | $942M | $454M | $454M | -$119M | -$119M | $1.13B | $674M |
| Capital Expenditure | -$608M | -$605M | -$651M | -$651M | -$752M | -$752M | -$1.19B | -$1.56B |
| Free Cash Flow | $340M | $337M | -$197M | -$197M | -$871M | -$871M | -$56M | -$889M |
| Cash at Beginning | $1.79B | $1.55B | $1.86B | $1.86B | $38M | $38M | $0 | $0 |
| Cash at End | $2.62B | $1.79B | $1.55B | $1.55B | $2.24B | $2.24B | $50M | $46M |