Kyndryl Holdings, Inc. is an American multinational corporation headquartered in New York City. The company designs, builds, and manages infrastructure services. The company also has business advisory services.3 Its shares trade on NYSE under the symbol KD.1Wikipedia text CC BY-SA 4.0
$14.29up 0.40 (2.88%)Price as of Oct 21, 2026 at 18:59 UTC
Kyndryl Holdings, Inc. is an American multinational corporation headquartered in New York City. The company designs, builds, and manages infrastructure services. The company also has business advisory services.3
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Revenue111213147$15.1B in 2026−26% since 2019Net income111213147$198.0M in 2026
Revenue151617$3.6B in Q1 FY2026−3% since Q2 FY2025Net income151617-$55.0M in Q1 FY2026
Every line of the income statement as filed: the last 3 fiscal years, latest first.7
Period ending
2026-03-31
2025-03-31
2024-03-31
Revenues
$15.1B
$15.1B
$16.1B
Cost of services
$11.8B
$11.9B
$13.2B
Selling, general and administrative expenses
$2.7B
$2.6B
$2.8B
Workforce rebalancing charges
$60.0M
$114.0M
$138.0M
Transaction-related costs (benefits)
$41.0M
-$125.0M
-$46.0M
Interest expense
$89.0M
$100.0M
$122.0M
Other expense (income)
$32.0M
$27.0M
$45.0M
Total costs and expenses
$14.7B
$14.6B
$16.2B
Income (loss) before income taxes
$414.0M
$435.0M
-$168.0M
Provision for income taxes
$215.0M
$184.0M
$172.0M
Net income (loss)
$198.0M
$252.0M
-$340.0M
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)
228.3M shares
231.5M shares
229.2M shares
Weighted-average diluted shares outstanding (in shares)
233.8M shares
239.1M shares
229.2M shares
No quarter-by-quarter statement was filed.
Total assets111213147$12.6B in 2026+12% since 2020Total liabilities111213147$11.3B in 2026+79% since 2020Shareholders’ equity121113147$1.2B in 2026−80% since 2019Cash121113147$2.6B in 2026+5146% since 2019Long-term debt111213147$3.9B in 2026+2686% since 2020
Total assets151617$12.0B in Q1 FY2026+7% since Q2 FY2025Total liabilities151617$10.9B in Q1 FY2026+10% since Q2 FY2025Shareholders’ equity151617$1.1B in Q1 FY2026−13% since Q2 FY2025Cash151617$2.1B in Q1 FY2026+58% since Q2 FY2025Long-term debt151617$3.9B in Q1 FY2026+34% since Q2 FY2025
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.7
Period ending
2026-03-31
2025-03-31
2024-03-31
2023-03-31
Cash and cash equivalents
$2.6B
$1.8B
Restricted cash
$3.0M
$3.0M
Accounts receivable (net of allowances for credit losses of $7 at March 31, 2026 and $13 at March 31, 2025)
$1.3B
$1.3B
Deferred costs (current portion)
$1.2B
$1.0B
Prepaid expenses and other current assets
$436.0M
$446.0M
Total current assets
$5.5B
$4.6B
Property and equipment, net
$2.5B
$2.6B
Operating right-of-use assets, net
$853.0M
$731.0M
Deferred costs (noncurrent portion)
$1.9B
$1.0B
Deferred taxes
$240.0M
$204.0M
Goodwill
$786.0M
$790.0M
$805.0M
Intangible assets, net
$165.0M
$218.0M
Pension assets
$222.0M
$148.0M
Other noncurrent assets
$360.0M
$162.0M
Total assets
$12.6B
$10.5B
Accounts payable
$1.3B
$1.4B
Value-added tax and income tax liabilities
$278.0M
$256.0M
Current portion of long-term debt and short-term debt
$1.8B
$129.0M
Accrued compensation and benefits
$463.0M
$652.0M
Deferred income (current portion)
$888.0M
$746.0M
Operating lease liabilities (current portion)
$265.0M
$274.0M
Accrued contract costs
$369.0M
$437.0M
Other accrued expenses and liabilities
$903.0M
$454.0M
Total current liabilities
$6.3B
$4.3B
Long-term debt
$2.3B
$3.0B
Retirement and nonpension postretirement benefit obligations
$490.0M
$483.0M
Deferred income (noncurrent portion)
$390.0M
$341.0M
Operating lease liabilities (noncurrent portion)
$602.0M
$511.0M
Other noncurrent liabilities
$1.2B
$443.0M
Total liabilities
$11.3B
$9.1B
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)
$4.7B
$4.6B
Accumulated deficit
-$1.9B
-$2.1B
Treasury stock, at cost (shares: March 31, 2026 - 21.7, March 31, 2025 - 7.5)
-$582.0M
-$184.0M
Accumulated other comprehensive income (loss)
-$1.1B
-$1.2B
Total stockholders' equity before non-controlling interests
$1.2B
$1.2B
Non-controlling interests
$117.0M
$113.0M
Total equity
$1.3B
$1.3B
$1.1B
$1.5B
Total liabilities and equity
$12.6B
$10.5B
Notes and accounts receivable - trade, allowances
$7.0M
$13.0M
Common Stock, Par value (in dollars per share)
$0.01
$0.01
Common Stock, Shares authorized (in shares)
1.0B shares
1.0B shares
Common Stock, Shares issued (in shares)
244.4M shares
238.2M shares
Treasury Stock (in shares)
21.7M shares
7.5M shares
Period ending
2026-03-31
2025-03-31
2024-03-31
2023-03-31
Cash and cash equivalents
$2.6B
$1.8B
Restricted cash
$3.0M
$3.0M
Accounts receivable (net of allowances for credit losses of $7 at March 31, 2026 and $13 at March 31, 2025)
$1.3B
$1.3B
Deferred costs (current portion)
$1.2B
$1.0B
Prepaid expenses and other current assets
$436.0M
$446.0M
Total current assets
$5.5B
$4.6B
Property and equipment, net
$2.5B
$2.6B
Operating right-of-use assets, net
$853.0M
$731.0M
Deferred costs (noncurrent portion)
$1.9B
$1.0B
Deferred taxes
$240.0M
$204.0M
Goodwill
$786.0M
$790.0M
$805.0M
Intangible assets, net
$165.0M
$218.0M
Pension assets
$222.0M
$148.0M
Other noncurrent assets
$360.0M
$162.0M
Total assets
$12.6B
$10.5B
Accounts payable
$1.3B
$1.4B
Value-added tax and income tax liabilities
$278.0M
$256.0M
Current portion of long-term debt and short-term debt
$1.8B
$129.0M
Accrued compensation and benefits
$463.0M
$652.0M
Deferred income (current portion)
$888.0M
$746.0M
Operating lease liabilities (current portion)
$265.0M
$274.0M
Accrued contract costs
$369.0M
$437.0M
Other accrued expenses and liabilities
$903.0M
$454.0M
Total current liabilities
$6.3B
$4.3B
Long-term debt
$2.3B
$3.0B
Retirement and nonpension postretirement benefit obligations
$490.0M
$483.0M
Deferred income (noncurrent portion)
$390.0M
$341.0M
Operating lease liabilities (noncurrent portion)
$602.0M
$511.0M
Other noncurrent liabilities
$1.2B
$443.0M
Total liabilities
$11.3B
$9.1B
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)
$4.7B
$4.6B
Accumulated deficit
-$1.9B
-$2.1B
Treasury stock, at cost (shares: March 31, 2026 - 21.7, March 31, 2025 - 7.5)
-$582.0M
-$184.0M
Accumulated other comprehensive income (loss)
-$1.1B
-$1.2B
Total stockholders' equity before non-controlling interests
$1.2B
$1.2B
Non-controlling interests
$117.0M
$113.0M
Total equity
$1.3B
$1.3B
$1.1B
$1.5B
Total liabilities and equity
$12.6B
$10.5B
Notes and accounts receivable - trade, allowances
$7.0M
$13.0M
Common Stock, Par value (in dollars per share)
$0.01
$0.01
Common Stock, Shares authorized (in shares)
1.0B shares
1.0B shares
Common Stock, Shares issued (in shares)
244.4M shares
238.2M shares
Treasury Stock (in shares)
21.7M shares
7.5M shares
Cash from operations111213147$948.0M in 2026−16% since 2019Capital spending11$752.0M in 2021−37% since 2019Free cash flow111213-$871.0M in 2021+1455% since 2019Share buybacks7$304.0M in 2026+227% since 2025
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.7
Period ending
2026-03-31
2025-03-31
2024-03-31
Net income (loss)
$198.0M
$252.0M
-$340.0M
Depreciation of property, equipment and capitalized software
$762.0M
$660.0M
$834.0M
Depreciation of right-of-use assets
$289.0M
$327.0M
$319.0M
Amortization of transition costs and prepaid software
$1.2B
$1.3B
$1.3B
Amortization of capitalized contract costs
$458.0M
$420.0M
$531.0M
Amortization of acquisition-related intangible assets
$27.0M
$30.0M
$30.0M
Stock-based compensation
$64.0M
$100.0M
$95.0M
Deferred taxes
-$24.0M
-$1.0M
-$13.0M
Net (gain) loss on asset sales and other
$115.0M
-$152.0M
$43.0M
Right-of-use assets and liabilities (excluding depreciation)
-$330.0M
-$314.0M
-$335.0M
Workforce rebalancing liabilities
-$19.0M
-$25.0M
-$38.0M
Current accounts receivables
$84.0M
$284.0M
-$105.0M
Lease and other receivables
-$212.0M
$5.0M
$116.0M
Accounts payable
-$93.0M
-$89.0M
-$305.0M
Taxes
$107.0M
-$1.0M
-$2.0M
Deferred transition costs and prepaid software (excluding amortization)
Kyndryl is part of a group headed by KYNDRYL HOLDINGS, INC.. 72 entities, 60 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Kyndryl
AQR CAPITAL MANAGEMENT LLCFiled SCHEDULE 13G/A on Kyndryl, latest Aug 13, 2026 (2 filings since May 14, 2026)
KYNDRYL UK LIMITED Subsidiary · London, United Kingdom
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Kyndryl reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
As of March 31, 2026, we owned or leased approximately 9.0 million square feet of space worldwide, which is substantially all data centers and office space used in the normal course of our business. The Company will continue to evaluate space requirements and identify opportunities to improve operating efficiencies. Below is a summary of the Company’s active properties.
Owned and Leased Space(millions of square feet)
The rest of Item 2
United States* · 3.6
Japan · 0.8
Principal Markets · 2.7
Strategic Markets · 2.0
Total · 9.0
* · United States includes corporate offices not allocated to the United States segment, including our global headquarters located in New York, New York.
Officially formed in late 2021, Kyndryl was created from the spin-off of IBM's infrastructure services, and comprises the bulk of the former IBM Global Technology Services. At year-end 2020, the spin-off had a portfolio of around 4,400 customers, including 75% of the Fortune 100. The company was given the name Kyndryl in April 2021, with "Kyn" referencing "kinship" and "Dryl" referencing "tendril". On November 4, 2021, Kyndryl completed its separation from IBM and began trading as an independent company on the New York Stock Exchange, with Martin Schroeter as chairman and CEO. Kyndryl operated in 63 countries in November 2021, and managed around 400 data centers.
By November 2021, Kyndryl had also partnered with Microsoft to provide digital transformation services using Microsoft Cloud products. In December 2021, Kyndryl partnered with Google Cloud on digital transformation projects as well. Kyndryl announced new reporting segments for its finances in January 2022. Kyndryl partnered with Amazon Web Services in February 2022, and in October 2022, Kyndryl and Microsoft created a data pipeline between Microsoft Azure and Kyndryl's zCloud platform. In 2022, as ranked by revenue, CRN placed Kyndryl No. 6 on its list of largest IT solution providers in North America. On September 28, 2023, the Financial Times quoted sources saying that Kyndryl was separating its Chinese arm, saying the decision was influenced by increased tensions between the United States and China. On 13 May 2024, Kyndryl announced the acquisition of Skytap and the divesture of Securities Industry Services to Broadridge Financial Solutions, as part of a portfolio optimization action.
Focused on IT services for businesses, Kyndryl designs, builds, manages, and modernizes enterprise IT infrastructure systems, with capabilities in artificial intelligence as well as data and analytics. In late 2021, Kyndryl listed its six service areas as: cloud; security and resiliency; network and edge computing; digital workplace; core enterprise and zCloud; and applications, data, and AI. Kyndryl launched Kyndryl Bridge and a business consulting segment in 2022.
From Wikidata.1 Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record. The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
409 filings to the SEC since October 2021: 6 annual reports, 17 quarterly reports, 46 major events, 257 insider forms, 28 large holders, 55 other. The latest 20:
19 open-market trades by officers, directors and large owners since October 2021: 12 buys and 7 sales. Grants, option exercises and gifts are left out.
IBMSC 13G/A, 2 filings Feb 11, 2022 to Feb 10, 202367
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
From the cover page of the 10-K filed May 29, 2026 (Section 12(b) of the Exchange Act).18
Risk factors and legal proceedings
The risks Kyndryl names in Item 1A of its 10-K filed May 29, 2026: 29 risks under these headings, as written.18
Risks Relating to Our Business
An inability to attract new customers, retain existing customers and sell services to customers could adversely impact our revenue and results of operations.
We may not meet our growth and productivity objectives and maintain our capital allocation strategy.
Competition in the markets in which we operate may adversely impact our results of operations.
Our business could be adversely impacted if we do not successfully manage and/or develop our relationships with critical suppliers and partners.
If we are not able to continue addressing and adapting to technological developments and trends that serve customer demands or drive efficiency, our growth plans, market share and financial performance could be negatively affected.
If we are unable to attract and retain key personnel and other skilled employees, our business could be harmed.
Due to our global presence, our business and operations could be adversely impacted by economic, geopolitical, public health and other conditions.
Damage to our reputation and negative publicity adversely affects the Company and the price of our common stock.
If we are unable to accurately estimate the cost of services and the timeline for completion of contracts, the profitability of our contracts may be materially and adversely affected.
Service delivery issues could adversely impact our business and operating results.
Risks from acquisitions and dispositions include integration challenges, failure to achieve objectives, the assumption of liabilities and higher debt levels.
The other 18 risks
We could be adversely impacted by our business with foreign, state and local government customers.
Intellectual property matters could adversely impact our business.
The SEC matter and related events are ongoing, and the timing for their resolution and outcome cannot be predicted.
Material weaknesses in the Company’s internal control over financial reporting have impacted the Company’s ability to maintain an effective system of internal control over financial reporting.
We may be required to record impairment charges to future earnings if our goodwill or long-lived assets become impaired.
Risks Relating to Cybersecurity, Data Governance and Privacy
Cybersecurity, data governance and privacy considerations could adversely impact our business.
Risks Relating to Legal Matters and Regulations
Our global operations expose us to numerous and sometimes conflicting legal and regulatory requirements, and violation of these regulations could harm our business.
Tax matters could impact our results of operations and financial condition.
We are subject to legal proceedings and investigatory risks.
We could incur costs for regulated environmental matters.
Expectations relating to sustainability-related initiatives and considerations could expose us to potential liabilities, increased costs and reputational harm.
Risks Relating to Financing and Capital Markets Activities
A lowering or withdrawal of the ratings, outlook or watch assigned to our debt securities by rating agencies may increase our future borrowing costs, reduce our access to capital and adversely impact our financial performance.
The commercial and credit environment may adversely affect our access to capital.
Our financial performance could be adversely impacted by changes in market liquidity conditions and by customer credit risk on receivables.
Our results of operations and financial condition could be negatively impacted by our pension plans.
We are exposed to currency risk that can adversely impact our revenue and business.
Risks Relating to Our Common Stock and the Securities Market
Certain provisions in our Amended and Restated Certificate of Incorporation and Amended and Restated By-Laws and Delaware law may discourage takeovers and limit the power of our stockholders.
Our Amended and Restated Certificate of Incorporation provides that certain courts in the State of Delaware or the federal district courts of the United States will be the sole and exclusive forum for substantially all disputes between us and our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers or employees.
Legal proceedings
Refer to Note 14 – Commitments and Contingencies to the consolidated financial statements included elsewhere in this Form 10-K.
