stockrow
Saturday 7 November 2026
Export KD’s income statement to Excel — free account
Kyndryl Holdings, Inc.
KD Technology Information Technology Services
Kyndryl Holdings, Inc.’s revenue for fiscal 2026 (year ended March 2026) was $15.1 billion, roughly unchanged from fiscal 2025.
- Revenue
- −1.88%
- EPS
- −6.69%
- Free cash flow
- −243.5%
- Total debt
- +29.8%
Quarter to September 2026, against a year earlier
16.36
0.18
+1.11%
Follow KD
Alert me
Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to March
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | TTM Sep ’26 | Trend | 10 yrs | 2027e | 2028e | 2029e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | 21,796 | 20,279 | 19,352 | 18,657 | 4,431 | 17,026 | 16,052 | 15,057 | 15,092 | 14,897 | (4.5%) | 14,790 | 14,782 | 14,788 | (0.7%) | |
| Gross margin, % | — | 11.74 | 12.81 | 11.41 | 11.29 | 13.70 | 14.85 | 17.84 | 20.87 | 21.79 | 22.32 | +10.1 pt | ||||||
| EBT | — | (630) | (579) | (1,766) | (1,903) | (189) | (851) | (168) | 435 | 414 | 267 | n/m | ||||||
| EBT margin, % | — | (2.89) | (2.86) | (9.13) | (10.20) | (4.27) | (5.00) | (1.05) | 2.89 | 2.74 | 1.79 | +5.6 pt | ||||||
| Net income | — | 0 | (943) | (2,011) | (2,304) | (229) | (1,374) | (340) | 252 | 198 | 78 | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | 97.30 | 90.49 | 86.35 | 83.25 | 19.75 | 75.10 | 70.03 | 65.04 | 66.11 | 68.33 | (4.7%) | |||||
| Earnings | — | (4.38) | (4.21) | (8.98) | (10.29) | (1.02) | (6.06) | (1.48) | 1.09 | 0.87 | 0.35 | n/m | ||||||
| Cash flow | — | 3.01 | 5.06 | 2.80 | (0.53) | 0.84 | 3.45 | 1.98 | 4.07 | 4.15 | 3.62 | +4.1% | ||||||
| Capex | — | 0.00 | (5.03) | (4.25) | (2.49) | (0.76) | (3.71) | (2.24) | (2.25) | (2.38) | (2.84) | n/m | ||||||
| Free cash flow | — | 3.01 | 0.03 | (1.45) | (3.02) | 0.08 | (0.27) | (0.26) | 1.81 | 1.77 | 0.78 | (6.4%) | ||||||
| Book value | — | 0.00 | 0.00 | 22.00 | 12.06 | 12.08 | 6.45 | 4.90 | 5.75 | 5.66 | 5.39 | n/m | ||||||
| Shares, m | — | 224 | 224 | 224 | 224 | 224 | 227 | 229 | 232 | 228 | 224 | +0.2% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 28.81 | 15.26 | 46.66 | 4.9 | |||||
| P/S | — | 0.48 | 0.48 | 0.48 | 0.22 | 0.66 | 0.20 | 0.31 | 0.48 | 0.20 | 0.24 | 0.4 | ||||||
| P/B | — | 1.67 | 1.67 | 1.67 | 1.50 | 1.09 | 2.29 | 4.40 | 5.45 | 2.32 | 3.03 | 2.4 | ||||||
| EV/Sales | — | 0.48 | 0.48 | 0.48 | 0.34 | 0.91 | 0.28 | 0.41 | 0.57 | 0.30 | 0.40 | 0.5 | ||||||
| EV/FCF | — | (5.76) | (5.76) | (5.76) | (8.57) | 222.95 | (77.18) | (112.26) | 20.60 | 11.01 | 35.02 | 4.4 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | 674 | 1,134 | 628 | (119) | 189 | 781 | 454 | 942 | 948 | 789 | +4.4% | |||||
| Capex | — | (1,563) | (1,127) | (952) | (558) | (171) | (842) | (513) | (522) | (543) | (619) | (12.4%) | ||||||
| Free cash flow | — | 674 | 7 | (324) | (677) | 18 | (61) | (59) | 420 | 405 | 170 | (6.2%) | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | (1,390) | (1,067) | 1,233 | 1,034 | 95 | 158 | 289 | (779) | (228) | (7.9%) | |||||
| Net debt | — | — | 1,310 | 102 | 888 | 1,069 | 1,362 | 1,684 | 1,382 | 1,463 | 2,387 | +1.6% | ||||||
| Shareholders’ equity | — | — | 5,892 | 4,931 | 2,702 | 2,711 | 1,462 | 1,122 | 1,331 | 1,293 | 1,176 | (19.5%) | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | 0.00 | 0.00 | (31.80) | (17.44) | (1.72) | (11.03) | (3.08) | 2.40 | 1.72 | 0.68 | +1.7 pt | |||||
| ROIC | — | — | 0.00 | (20.84) | (31.41) | (2.33) | (15.96) | (0.04) | 12.97 | 12.11 | 6.82 | +12.1 pt | ||||||
| ROE | — | 0.00 | 0.00 | (37.17) | (60.38) | (8.46) | (65.85) | (26.32) | 20.53 | 15.08 | 6.20 | +15.1 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | 90,000 | — | 90,000 | 80,000 | 73,000 | 72,000 | — | (4.4%) | |||||
| Revenue/emp, $m | — | 0.00 | 0.00 | 0.00 | 0.21 | 0.00 | 0.19 | 0.20 | 0.21 | 0.21 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Mar 2026 · latest quarter Sep 2026 · fundamentals updated 6 Nov 2026
Kyndryl Holdings, Inc. vs peers in Information Technology Services (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| PSN Parsons Corporation | $5.3B | 32.3× | 30.6× | +1.78% (above 0%: growing) | +6.03% (above 0%: growing) | +67.52% (above 0%: growing) | 23.15% | 6.29% | Compare |
| MAAS Maase Inc. - Sponsored ADR | $4.6B | — (loss-making) | — (loss-making) | −60.12% (below 0%: shrinking) | +62.50% (above 0%: growing) | +82.86% (above 0%: growing) | 0.00% | 0.00% | Compare |
| APLD Applied Digital Corporation | $4.3B | — (loss-making) | — (loss-making) | +322.41% (above 0%: growing) | n/m | −506.67% (below 0%: shrinking) | 15.30% | (18.25%) | Compare |
| GDS GDS Holdings | $4.3B | 8.2× | 7.4× | +12.41% (above 0%: growing) | n/m | +142.21% (above 0%: growing) | 21.51% | 14.22% | Compare |
| KD Kyndryl Holdings, Inc. | $3.5B | 46.7× | 9.3× | −1.88% (below 0%: shrinking) | −6.69% (below 0%: shrinking) | −243.48% (below 0%: shrinking) | 23.47% | 4.03% | |
| CIFR Cipher Digital Inc. | $2.5B | — (loss-making) | — (loss-making) | −62.76% (below 0%: shrinking) | n/m | −1,669.40% (below 0%: shrinking) | 42.46% | (269.33%) | Compare |
| DXC DXC Technology Company. | $2.4B | 24.1× | 11.7× | −4.02% (below 0%: shrinking) | −58.90% (below 0%: shrinking) | −48.75% (below 0%: shrinking) | 21.75% | 1.81% | Compare |
| CSQR Csquare, Inc. | $2.3B | — | — | — | n/m | — | 52.49% | 21.10% | Compare |
| PENG Penguin Solutions, Inc. | $2.2B | 14.8× | 14.1× | +67.70% (above 0%: growing) | +1,227.27% (above 0%: growing) | −128.21% (below 0%: shrinking) | 27.51% | 12.26% | Compare |
| Median of peers | $3.4B | 19.4× | 12.9× | +1.78% | +34.27% | −48.75% | 22.45% | 4.05% |
Pay and ownership Proxy statement filed 16 June 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2026 | 21.77m | (16.10m) | 50.00 |
| 2025 | 15.80m | 45.83m | 119.00 |
| 2024 | 15.66m | 31.64m | 82.00 |
| 2023 | 13.66m | 19.18m | 56.00 |
| 2022 | 774.24k | (6.99m) | 50.00 |
| 2021 | 26.38m | 23.07m | 69.00 |
Ownership
Directors and executive officers, together
2.00% of the votes
BlackRock, Inc.
9.80%
Vanguard Portfolio Management
7.80%
AQR Capital Management LLC One Greenwich Plaza Suite
5.40%
The Vanguard Capital Management
5.30%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement
Kyndryl Holdings, Inc. (KD) Latest News
5 Nov
4 Nov
29 Oct
20 Oct
1 Oct
24 Sep
3 Sep
27 Aug
KD metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score