Kyndryl Holdings, Inc.

Listed Company

KDCIK 0001867072NYSELarge AcceleratedServices-Computer Integrated Systems DesignDelawareFY ends Mar 31

Period

FY 2026

Revenue

$15.09B

Net Income

$198.00M

Total Assets

$12.55B

Equity

$1.18B

Shares Out

219.92M

Op. Cash Flow

$948.00M

Business

Kyndryl Holdings, Inc. designs, builds, manages and modernizes mission‑critical enterprise IT infrastructure and delivers advisory, implementation and managed service capabilities. It offers services across cloud services; core enterprise and zCloud services; application, data and AI services; digital workplace services; security and resiliency services; and network and edge services, with advisory and implementation branded as Kyndryl Consult and an AI‑powered Kyndryl Bridge platform. The company operates through six core practice areas and leverages a global delivery model, serving thousands of customers across more than 60 countries through direct account teams and partner ecosystems with hyperscale cloud providers, ISVs and system integrators.

Summary from filing dated 2025-05-30

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	Mar 31, 2026 2026-03-31	Mar 31, 2025 2025-03-31	Mar 31, 2024 2024-03-31
CONSOLIDATED INCOME STATEMENT	—	—	—
Revenues	15,092	15,057	16,052
Cost of services	11,803	11,914	13,189
Selling, general and administrative expenses	2,654	2,591	2,773
Workforce rebalancing charges	60	114	138
Transaction-related costs (benefits)	41	−125	−46
Interest expense	89	100	122
Other expense (income)	32	27	45
Total costs and expenses	14,678	14,622	16,221
Income (loss) before income taxes	414	435	−168
Provision for income taxes	215	184	172
Net income (loss)	198	252	−340
EARNINGS PER SHARE	—	—	—
Basic earnings (loss) per share (in dollars per share)	0.87	1.09	−1.48
Diluted earnings (loss) per share (in dollars per share)	0.85	1.05	−1.48
Weighted-average basic shares outstanding (in shares)	228	232	229
Weighted-average diluted shares outstanding (in shares)	234	239	229

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	Mar 31, 2026 2026-03-31	Mar 31, 2025 2025-03-31
CONSOLIDATED BALANCE SHEET	—	—
Assets:	—	—
Current assets:	—	—
Cash and cash equivalents	2,623	1,786
Restricted cash	3	3
Accounts receivable (net of allowances for credit losses of $7 at March 31, 2026 and $13 at March 31, 2025)	1,300	1,345
Deferred costs (current portion)	1,166	1,009
Prepaid expenses and other current assets	436	446
Total current assets	5,528	4,589
Property and equipment, net	2,517	2,570
Operating right-of-use assets, net	853	731
Deferred costs (noncurrent portion)	1,880	1,040
Deferred taxes	240	204
Goodwill	786	790
Intangible assets, net	165	218
Pension assets	222	148
Other noncurrent assets	360	162
Total assets	12,551	10,452
Liabilities and equity	—	—
Liabilities:	—	—
Current liabilities:	—	—
Accounts payable	1,346	1,351
Value-added tax and income tax liabilities	278	256
Current portion of long-term debt and short-term debt	1,796	129
Accrued compensation and benefits	463	652
Deferred income (current portion)	888	746
Operating lease liabilities (current portion)	265	274
Accrued contract costs	369	437
Other accrued expenses and liabilities	903	454
Total current liabilities	6,307	4,300
Long-term debt	2,293	3,042
Retirement and nonpension postretirement benefit obligations	490	483
Deferred income (noncurrent portion)	390	341
Operating lease liabilities (noncurrent portion)	602	511
Other noncurrent liabilities	1,176	443
Total liabilities	11,259	9,121
Commitments and contingencies	—	—
Stockholders' equity	—	—
Common stock, par value $0.01 per share, and additional paid-in capital (shares authorized: 1,000.0; shares issued: March 31, 2026 - 244.4, March 31, 2025 - 238.2)	4,701	4,631
Accumulated deficit	−1,869	−2,067
Treasury stock, at cost (shares: March 31, 2026 - 21.7, March 31, 2025 - 7.5)	582	184
Accumulated other comprehensive income (loss)	−1,074	−1,160
Total stockholders' equity before non-controlling interests	1,175	1,219
Non-controlling interests	117	113
Total equity	1,293	1,331
Total liabilities and equity	12,551	10,452

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	Mar 31, 2026 2026-03-31	Mar 31, 2025 2025-03-31	Mar 31, 2024 2024-03-31
CONSOLIDATED STATEMENT OF CASH FLOWS	—	—	—
Cash flows from operating activities:	—	—	—
Net income (loss)	198	252	−340
Adjustments to reconcile net income to cash provided by operating activities:	—	—	—
Depreciation of property, equipment and capitalized software	762	660	834
Depreciation of right-of-use assets	289	327	319
Amortization of transition costs and prepaid software	1,239	1,278	1,256
Amortization of capitalized contract costs	458	420	531
Amortization of acquisition-related intangible assets	27	30	30
Stock-based compensation	64	100	95
Deferred taxes	−24	−1	−13
Net (gain) loss on asset sales and other	−115	152	−43
Change in operating assets and liabilities:	—	—	—
Right-of-use assets and liabilities (excluding depreciation)	330	314	335
Workforce rebalancing liabilities	−19	−25	−38
Current accounts receivables	−84	−284	105
Lease and other receivables	212	−5	−116
Accounts payable	−93	−89	−305
Taxes	107	−1	−2
Deferred transition costs and prepaid software (excluding amortization)	2,189	1,338	1,154
Capitalized contract costs (excluding amortization)	444	425	415
Other assets and other liabilities	−916	71	63
Net cash provided by operating activities	948	942	454
Cash flows from investing activities:	—	—	—
Capital expenditures	608	605	651
Proceeds from disposition of property and equipment	65	83	138
Acquisitions and divestitures, net of cash acquired	−1	−139	—
Other investing activities, net	19	20	40
Net cash used in investing activities	−561	−404	−553
Cash flows from financing activities:	—	—	—
Debt repayments	146	148	644
Proceeds from borrowings under the revolving credit facility	1,000	—	—
Proceeds from issuance of debt, net of debt issuance costs	—	—	494
Common stock repurchases	304	93	—
Common stock repurchases for tax withholdings	94	45	22
Other financing activities, net	1	—	2
Net cash provided by (used in) financing activities	457	−286	−170
Effect of exchange rate changes on cash, cash equivalents and restricted cash	−9	−16	−37
Net change in cash, cash equivalents and restricted cash	836	235	−306
Cash, cash equivalents and restricted cash at end of period	—	—	—
Cash, cash equivalents and restricted cash at end of period	—	—	—
Supplemental data:	—	—	—
Income taxes paid, net of refunds received	151	149	191
Interest paid on debt	115	119	118

Filings

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