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%
Market cap
$3.5B
P/E
46.7×
Fwd P/E
9.3×
Dividend yield
—
F-score
6/9
Altman Z
1.22
Beneish M
−2.75
Dividend safety
n/a

Kyndryl Holdings, Inc. (KD) Gross margin

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Kyndryl Holdings, Inc.'s gross margin over the twelve months to 30 September 2026 was 22.3%, up 0.5 percentage points from fiscal 2026 (21.8%). Over the past ten years it has ranged from 11.2% (fiscal 2021) to 21.8% (fiscal 2026) — the current reading is the highest in ten years. That is below the Information Technology Services industry median of 30.0% and below the Technology sector median of 47.1%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2026 21.8% 0.92
FY2025 20.9% 3.03
FY2024 17.8% 2.99
FY2023 14.9% 0.00
FY2023 14.9% 1.15
FY2022 13.7% 2.41
FY2021 11.3% 0.11
FY2021 11.2% (0.23)
FY2020 11.4% 0.03
FY2020 11.4% (1.43)

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 23.5% 2.02
Jun 2026 21.5% (1.08)
Mar 2026 22.5% 0.68
Dec 2025 21.9% 0.32
22 more quarters

Against its own ten years

Low 11.2% High 21.8%
Ten-year median 12.8%
Current reading's percentile 96

Gross margin against peers

Company Gross margin
CIFR Cipher Digital Inc. compare 50.5%
PENG Penguin Solutions, Inc. compare 27.7%
GDS GDS Holdings compare 24.9%
KD Kyndryl Holdings, Inc. 22.3%
DXC DXC Technology Company. compare 22.3%
PSN Parsons Corporation compare 22.2%
APLD Applied Digital Corporation compare 21.6%
MAAS Maase Inc. - Sponsored ADR compare 0.00%
CSQR Csquare, Inc. compare —
Information Technology Services industry median 30.0%
Technology sector median 47.1%
Market median 46.0%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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