Kyndryl Holdings, Inc.
Business
Kyndryl is a leading provider of mission-critical enterprise IT infrastructure services, offering advisory, implementation and managed service capabilities to thousands of customers across more than 60 countries. The company designs, builds, manages and modernizes complex information systems through cloud services, core enterprise services, applications, data and AI services, digital workplace services, security and resiliency services, and network and edge services. Kyndryl operates through four geographic reportable segments: United States, Japan, Principal Markets and Strategic Markets, serving a diversified customer base primarily in financial services, retail, travel, logistics, industrial, healthcare, public sector and technology industries.
Summary from 10-K filed 2026-05-29
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2026 2026-03-31 | FY 2025 2025-03-31 | FY 2024 2024-03-31 | FY 2023 2023-03-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenues | 15,092 | 15,057 | 16,052 | 17,026 | 18,657 | |
| Cost of services | 11,803 | 11,914 | 13,189 | 14,498 | 16,550 | |
| Selling, general and administrative expenses | 2,654 | 2,591 | 2,773 | 2,914 | 2,776 | |
| Workforce rebalancing charges | 60 | 114 | 138 | 71 | 39 | |
| Transaction-related costs (benefits) | 41 | −125 | −46 | 264 | 627 | |
| Interest expense | 89 | 100 | 122 | 94 | 64 | |
| Other expense (income) | 32 | 27 | 45 | 35 | 35 | |
| Total costs and expenses | 14,678 | 14,622 | 16,221 | 17,876 | 20,560 | |
| Income (loss) before income taxes | 414 | 435 | −168 | −851 | −1,903 | |
| Provision for income taxes | 215 | 184 | 172 | 524 | 402 | |
| Net income (loss) | 198 | 252 | −340 | −1,374 | −2,304 | |
| Basic earnings (loss) per share (in dollars per share) | 0.87 | 1.09 | −1.48 | −6.06 | −10.28 | |
| Diluted earnings (loss) per share (in dollars per share) | 0.85 | 1.05 | −1.48 | −6.06 | −10.28 | |
| Weighted-average basic shares outstanding (in shares) | 228 | 232 | 229 | 227 | 224 | |
| Weighted-average diluted shares outstanding (in shares) | 234 | 239 | 229 | 227 | 224 |
Consolidated Balance Sheet
| Concept | Trend | FY 2026 2026-03-31 | FY 2025 2025-03-31 | FY 2024 2024-03-31 | FY 2023 2023-03-31 | FY 2022 2022-03-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 2,623 | 1,786 | 1,553 | 1,847 | 2,134 | |
| Restricted cash | 3 | 3 | 1 | 12 | 20 | |
| Accounts receivable (net of allowances for credit losses of $7 at March 31, 2026 and $13 at March 31, 2025) | 1,300 | 1,345 | 1,599 | 1,523 | 2,271 | |
| Deferred costs (current portion) | 1,166 | 1,009 | 1,081 | 1,070 | 1,143 | |
| Prepaid expenses and other current assets | 436 | 446 | 514 | 510 | 525 | |
| Total current assets | 5,528 | 4,589 | 4,747 | 4,963 | 6,092 | |
| Property and equipment, net | 2,517 | 2,570 | 2,674 | 2,779 | 2,834 | |
| Operating right-of-use assets, net | 853 | 731 | 864 | 964 | 1,312 | |
| Deferred costs (noncurrent portion) | 1,880 | 1,040 | 920 | 1,166 | 1,244 | |
| Deferred taxes | 240 | 204 | 220 | 248 | 555 | |
| Goodwill | 786 | 790 | 805 | 812 | 823 | |
| Intangible assets, net | 165 | 218 | 188 | 171 | 145 | |
| Pension assets | 222 | 148 | 105 | 94 | 61 | |
| Other noncurrent assets | 360 | 162 | 67 | 267 | 375 | |
| Total assets | 12,551 | 10,452 | 10,590 | 11,464 | 13,442 | |
| Accounts payable | 1,346 | 1,351 | 1,408 | 1,774 | 1,555 | |
| Value-added tax and income tax liabilities | 278 | 256 | 327 | 347 | 284 | |
| Current portion of long-term debt and short-term debt | 1,796 | 129 | 126 | 110 | 96 | |
| Accrued compensation and benefits | 463 | 652 | 609 | 533 | 509 | |
| Deferred income (current portion) | 888 | 746 | 825 | 820 | 882 | |
| Operating lease liabilities (current portion) | 265 | 274 | 285 | 316 | 374 | |
| Accrued contract costs | 369 | 437 | 487 | 346 | 676 | |
| Other accrued expenses and liabilities | 903 | 454 | 521 | 624 | 682 | |
| Total current liabilities | 6,307 | 4,300 | 4,589 | 4,868 | 5,058 | |
| Long-term debt | 2,293 | 3,042 | 3,112 | 3,111 | 3,127 | |
| Retirement and nonpension postretirement benefit obligations | 490 | 483 | 500 | 504 | 716 | |
| Deferred income (noncurrent portion) | 390 | 341 | 314 | 362 | 452 | |
| Operating lease liabilities (noncurrent portion) | 602 | 511 | 622 | 707 | 928 | |
| Other noncurrent liabilities | 1,176 | 443 | 332 | 450 | 449 | |
| Total liabilities | 11,259 | 9,121 | 9,468 | 10,002 | 10,730 | |
| Commitments and contingencies | — | — | — | — | — | |
| 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 | 4,524 | 4,428 | 4,315 | |
| Accumulated deficit | −1,869 | −2,067 | −2,319 | −1,978 | −605 | |
| Treasury stock, at cost (shares: March 31, 2026 - 21.7, March 31, 2025 - 7.5) | −582 | −184 | −45 | −23 | −4 | |
| Accumulated other comprehensive income (loss) | −1,074 | −1,160 | −1,145 | −1,062 | −1,089 | |
| Total stockholders' equity before non-controlling interests | 1,175 | 1,219 | 1,015 | 1,365 | 2,618 | |
| Non-controlling interests | 117 | 113 | 107 | 97 | 94 | |
| Total equity | 1,293 | 1,331 | 1,122 | 1,462 | 2,711 | |
| Total liabilities and equity | 12,551 | 10,452 | 10,590 | 11,464 | 13,442 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2026 2026-03-31 | FY 2025 2025-03-31 | FY 2024 2024-03-31 | FY 2023 2023-03-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation of property, equipment and capitalized software | 762 | 660 | 834 | 900 | 1,300 | |
| Depreciation of right-of-use assets | 289 | 327 | 319 | 428 | 327 | |
| Amortization of transition costs and prepaid software | 1,239 | 1,278 | 1,256 | 1,199 | 1,278 | |
| Amortization of capitalized contract costs | 458 | 420 | 531 | 472 | 563 | |
| Amortization of acquisition-related intangible assets | 27 | 30 | 30 | 46 | 37 | |
| Stock-based compensation | 64 | 100 | 95 | 113 | 71 | |
| Deferred taxes | −24 | −1 | −13 | 285 | −401 | |
| Net (gain) loss on asset sales and other | 115 | −152 | 43 | 6 | 11 | |
| Right-of-use assets and liabilities (excluding depreciation) | −330 | −314 | −335 | −361 | −374 | |
| Workforce rebalancing liabilities | −19 | −25 | −38 | 41 | −341 | |
| Current accounts receivables | 84 | 284 | −105 | 664 | −1,076 | |
| Lease and other receivables | −212 | 5 | 116 | — | — | |
| Accounts payable | −93 | −89 | −305 | 282 | 125 | |
| Taxes | 107 | −1 | −2 | 90 | 994 | |
| Deferred transition costs and prepaid software (excluding amortization) | −2,189 | −1,338 | −1,154 | −1,592 | −1,618 | |
| Capitalized contract costs (excluding amortization) | −444 | −425 | −415 | — | — | |
| Other assets and other liabilities | 916 | −71 | −63 | −415 | 822 | |
| Net cash provided by operating activities | 948 | 942 | 454 | 781 | −119 | |
| Capital expenditures | −608 | −605 | −651 | −865 | −752 | |
| Proceeds from disposition of property and equipment | 65 | 83 | 138 | 23 | 194 | |
| Acquisitions and divestitures, net of cash acquired | 1 | 139 | — | — | — | |
| Other investing activities, net | −19 | −20 | −40 | 7 | −14 | |
| Net cash used in investing activities | −561 | −404 | −553 | −835 | −572 | |
| Debt repayments | −146 | −148 | −644 | −118 | −91 | |
| 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 | −19 | −1 | |
| Other financing activities, net | 1 | — | 2 | −4 | — | |
| Net cash provided by (used in) financing activities | 457 | −286 | −170 | −141 | 2,915 | |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | −9 | −16 | −37 | −100 | −22 | |
| Net change in cash, cash equivalents and restricted cash | 836 | 235 | −306 | −294 | 2,203 | |
| Income taxes paid, net of refunds received | 151 | 149 | 191 | 167 | 12 | |
| Interest paid on debt | 115 | 119 | 118 | 98 | 2 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Kyndryl Holdings, Inc.'s CIK number?
Kyndryl Holdings, Inc.'s SEC CIK number is 0001867072 (1867072). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Kyndryl Holdings, Inc.'s SEC filings?
All of Kyndryl Holdings, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Kyndryl Holdings, Inc. last report earnings?
Kyndryl Holdings, Inc. (KD) most recently filed an earnings 8-K with the SEC on May 6, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001104659-26-055902). This is Kyndryl Holdings, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Kyndryl Holdings, Inc.'s most recent earnings 8-K?
Kyndryl Holdings, Inc.'s latest earnings 8-K (Item 2.02) was filed May 6, 2026 under accession 0001104659-26-055902. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Kyndryl Holdings, Inc.'s latest earnings 8-K →
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