Income Statement Kyndryl Holdings, Inc.

Equities

KD

US50155Q1004

IT Services & Consulting

Market Closed - Nyse Other stock markets 16:00:02 2026-02-13 EST			Pre-market 08:59:05
12.24 ^USD	+7.94%		13.42	+9.64%

01-27	Kyndryl Establishes SAP Center of Excellence to Accelerate Agentic AI-Driven Transformation for Customers	CI
01-23	Kyndryl Partners with The Hertz Corporation on Technology Transformation	CI

6746.I7gT-l1EZIaPOW4xGIG41Un8-8HLoVoXvkealU4F12U.aOh6jw48ItbDADt0bLWIvTmMvrOi0RRb1R_R9DZSuy5t4FyxJ30Hy91IVg

Published financial data: KYNDRYL HOLDINGS, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Revenues	18.66B	18.32B	17.03B	16.05B	15.06B
Total Revenues	18.66B	18.32B	17.03B	16.05B	15.06B
Cost of Goods Sold, Total	16.57B	16.06B	14.5B	13.17B	11.87B
Gross Profit	2.09B	2.26B	2.53B	2.89B	3.19B
Selling General & Admin Expenses, Total	2.85B	2.82B	3B	2.77B	2.61B
R&D Expenses	-	-	-	-	-
Other Operating Expenses	4M	-	-	-	-
Other Operating Expenses, Total	2.85B	2.82B	3B	2.77B	2.61B
Operating Income	-767M	-563M	-473M	116M	582M
Interest Expense, Total	-64M	-71M	-94M	-122M	-100M
Net Interest Expenses	-64M	-71M	-94M	-122M	-100M
Currency Exchange Gains (Loss)	4M	24M	-1M	-48M	-15M
Other Non Operating Income (Expenses)	-626M	-422M	-18M	17M	6M
EBT, Excl. Unusual Items	-1.45B	-1.03B	-586M	-37M	473M
Restructuring Charges	-	-	-	-177M	-162M
Impairment of Goodwill	-469M	-469M	-	-	-
Other Unusual Items	-	-187M	-264M	46M	125M
EBT, Incl. Unusual Items	-1.92B	-1.69B	-850M	-168M	436M
Income Tax Expense	397M	351M	524M	172M	184M
Earnings From Continuing Operations	-2.32B	-2.04B	-1.37B	-340M	252M
Net Income to Company	-2.32B	-2.04B	-1.37B	-340M	252M
Net Income - (IS)	-2.32B	-2.04B	-1.37B	-340M	252M
Net Income to Common Incl Extra Items	-2.32B	-2.04B	-1.37B	-340M	252M
Net Income to Common Excl. Extra Items	-2.32B	-2.04B	-1.37B	-340M	252M
Per Share Items
Net EPS - Basic	-10.35	-9.09	-6.06	-1.48	1.09
Basic EPS - Continuing Operations	-10.35	-9.09	-6.06	-1.48	1.09
Basic Weighted Average Shares Outstanding	224M	224M	227M	229M	232M
Net EPS - Diluted	-10.35	-9.1	-6.06	-1.48	1.05
Diluted EPS - Continuing Operations	-10.35	-9.1	-6.06	-1.48	1.05
Diluted Weighted Average Shares Outstanding	224M	224M	227M	229M	239M
Normalized Basic EPS	-4.05	-2.88	-1.62	-0.1	1.28
Normalized Diluted EPS	-4.05	-2.88	-1.62	-0.1	1.24
Supplemental Items
EBITDA	570M	680M	473M	947M	1.23B
EBITA	-730M	-526M	-427M	146M	610M
EBIT	-767M	-563M	-473M	116M	582M
EBITDAR	999M	260M	1.01B	1.46B	1.71B
Effective Tax Rate - (Ratio)	-20.66	-20.79	-61.65	-102.38	42.2
Current Domestic Taxes	17M	-	2M	41M	5M
Current Foreign Taxes	785M	51M	236M	142M	177M
Total Current Taxes	802M	51M	238M	183M	182M
Deferred Domestic Taxes	-78M	-53M	-23M	-9M	-16M
Deferred Foreign Taxes	-327M	42M	308M	-2M	18M
Total Deferred Taxes	-405M	-11M	285M	-11M	2M
Normalized Net Income	-908M	-645M	-366M	-23.12M	296M
Interest on Long-Term Debt	64M	-	94M	122M	100M
Non-Cash Pension Expense	42M	16M	40M	13M	19M
Supplemental Operating Expense Items
Advertising Expense	56M	54M	136M	115M	83M
Selling and Marketing Expenses	56M	54M	136M	115M	83M
Research And Development Expense From Footnotes	63M	23M	79M	58M	49M
Net Rental Expense, Total	429M	130M	540M	516M	480M
Imputed Operating Lease Interest Expense	73.31M	-	92.62M	120M	94.8M
Imputed Operating Lease Depreciation	356M	-	447M	396M	385M
Stock-Based Comp., COGS (Total)	28M	7M	21M	16M	12M
Stock-Based Comp., R&D Exp. (Total)	-	-	-	-	-
Stock-Based Comp., SG&A Exp. (Total)	44M	24M	92M	78M	89M
Stock-Based Comp., Other (Total)	-	56M	-	1M	-1M
Total Stock-Based Compensation	72M	87M	113M	95M	100M

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	2.22B	2.13B	1.85B	1.55B	1.79B
Total Cash And Short Term Investments	2.22B	2.13B	1.85B	1.55B	1.79B
Accounts Receivable, Total	2.34B	2.31B	1.55B	1.63B	1.4B
Total Receivables	2.34B	2.31B	1.55B	1.63B	1.4B
Prepaid Expenses	225M	475M	420M	452M	396M
Restricted Cash	17M	20M	12M	1M	3M
Other Current Assets, Total	971M	1.15B	1.13B	1.11B	1.01B
Total Current Assets	5.78B	6.09B	4.96B	4.75B	4.59B
Gross Property Plant And Equipment	12.54B	12.29B	10.98B	10.16B	9.33B
Accumulated Depreciation	-8.26B	-8.15B	-7.24B	-6.63B	-6.03B
Net Property Plant And Equipment	4.28B	4.15B	3.74B	3.54B	3.3B
Goodwill	732M	823M	812M	805M	790M
Other Intangibles, Total	36M	145M	171M	188M	218M
Deferred Tax Assets Long-Term	675M	555M	248M	220M	204M
Deferred Charges Long-Term	1.26B	1.24B	1.17B	920M	1.04B
Other Long-Term Assets, Total	444M	437M	361M	172M	310M
Total Assets	13.21B	13.44B	11.46B	10.59B	10.45B
Liabilities
Accounts Payable, Total	1.14B	1.56B	1.77B	1.41B	1.35B
Accrued Expenses, Total	1.48B	1.48B	1.5B	1.46B	1.36B
Current Portion of Long-Term Debt	29M	96M	43M	31M	29M
Current Portion of Leases	436M	374M	383M	380M	374M
Unearned Revenue Current, Total	872M	882M	820M	825M	746M
Other Current Liabilities	585M	676M	344M	488M	438M
Total Current Liabilities	4.54B	5.06B	4.87B	4.59B	4.3B
Long-Term Debt	2.98B	2.91B	2.94B	2.92B	2.89B
Long-Term Leases	1.15B	1.15B	882M	815M	661M
Unearned Revenue Non Current	475M	452M	362M	314M	341M
Pension & Other Post Retirement Benefits	856M	716M	504M	500M	483M
Deferred Tax Liability Non Current	135M	86M	98M	55M	51M
Other Non Current Liabilities	365M	363M	352M	276M	392M
Total Liabilities	10.51B	10.73B	10B	9.47B	9.12B
Common Stock, Total	4.22B	4.32B	4.43B	4.52B	4.63B
Retained Earnings	-375M	-605M	-1.98B	-2.32B	-2.07B
Treasury Stock	-1M	-4M	-23M	-45M	-184M
Comprehensive Income and Other	-1.14B	-1.09B	-1.06B	-1.14B	-1.16B
Total Common Equity	2.7B	2.62B	1.36B	1.02B	1.22B
Minority Interest	3M	94M	97M	107M	113M
Total Equity	2.7B	2.71B	1.46B	1.12B	1.33B
Total Liabilities And Equity	13.21B	13.44B	11.46B	10.59B	10.45B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	225M	224M	228M	231M	230M
ECS Total Common Shares Outstanding	224M	224M	228M	230M	231M
Book Value / Share	12.04	11.66	5.99	4.41	5.29
Tangible Book Value	1.93B	1.65B	382M	22M	211M
Tangible Book Value Per Share	8.62	7.35	1.68	0.1	0.92
Total Debt	4.6B	4.52B	4.24B	4.14B	3.96B
Net Debt	2.38B	2.39B	2.4B	2.59B	2.17B
Debt Equivalent of Unfunded Proj. Benefit Obligation	806M	641M	433M	422M	364M
Debt Equivalent Oper. Leases	3.43B	-	4.32B	4.13B	3.84B
Minority Interest, Total (Incl. Fin. Div)	3M	94M	97M	107M	113M
Account Code - Inventory Valuation	3	-	3	3	3
Land - (BS)	72M	71M	70M	70M	68M
Buildings, Total	2.87B	2.86B	2.66B	2.5B	2.4B
Machinery, Total	8.24B	8.05B	7.28B	6.73B	6.13B
Full Time Employees	90K	-	90K	80K	73K
Accumulated Allowance for Doubtful Accounts (Supple)	44M	44M	32M	22M	13M

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	-2.32B	-2.04B	-1.37B	-340M	252M
Depreciation & Amortization - CF	1.63B	1.54B	1.33B	1.12B	945M
Amortization of Goodwill and Intangible Assets - (CF)	37M	37M	46M	30M	28M
Depreciation & Amortization, Total	1.66B	1.58B	1.37B	1.15B	973M
Amortization of Deferred Charges, Total - (CF)	1.84B	1.81B	1.67B	1.82B	1.74B
(Gain) Loss From Sale Of Asset	11M	24M	6M	43M	-152M
Asset Writedown & Restructuring Costs	469M	469M	-	-	-
Stock-Based Compensation (CF)	71M	87M	113M	95M	100M
Other Operating Activities, Total	-403M	-432M	282M	-13M	0
Change In Accounts Receivable	-1.08B	-969M	664M	11M	289M
Change In Accounts Payable	125M	608M	282M	-305M	-89M
Change In Income Taxes	989M	854M	90M	-2M	-1M
Change in Other Net Operating Assets	-1.49B	-1.59B	-2.33B	-2B	-2.17B
Cash from Operations	-119M	398M	781M	454M	942M
Capital Expenditure	-752M	-752M	-865M	-651M	-605M
Sale of Property, Plant, and Equipment	194M	109M	23M	138M	83M
Divestitures	-	-	-	-	139M
Other Investing Activities, Total	-14M	-54M	7M	-40M	-21M
Cash from Investing	-572M	-697M	-835M	-553M	-404M
Long-Term Debt Issued, Total	3.04B	-	-	494M	-
Total Debt Issued	3.04B	3.04B	-	494M	-
Long-Term Debt Repaid, Total	-91M	-28M	-118M	-644M	-148M
Total Debt Repaid	-91M	-99M	-118M	-644M	-148M
Repurchase of Common Stock	-1M	-4M	-19M	-22M	-138M
Other Financing Activities, Total	-31M	-503M	-4M	2M	-
Cash from Financing	2.92B	2.43B	-141M	-170M	-286M
Foreign Exchange Rate Adjustments	-22M	-26M	-100M	-37M	-16M
Miscellaneous Cash Flow Adjustments	-	-	1M	-	-1M
Net Change in Cash	2.2B	2.1B	-294M	-306M	235M
Supplemental Items
Cash Interest Paid	2M	5M	98M	118M	119M
Cash Income Tax Paid (Refund)	12M	59M	167M	191M	149M
Levered Free Cash Flow	2.14B	-	2.63B	2.07B	2.62B
Unlevered Free Cash Flow	2.18B	-	2.69B	2.14B	2.68B
Change In Net Working Capital	164M	-	-696M	342M	-110M
Net Debt Issued / Repaid	2.95B	2.94B	-118M	-150M	-148M

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	-3.93	-	-2.37	0.66	3.46
Return on Total Capital	-7.04	-	-4.57	1.32	6.89
Return On Equity %	-60.75	-	-65.84	-26.32	20.54
Return on Common Equity	-61.24	-	-68.99	-28.57	22.56
Margin Analysis
Gross Profit Margin %	11.19	12.34	14.85	17.98	21.17
SG&A Margin	15.28	15.42	17.63	17.26	17.31
EBITDA Margin %	3.06	3.71	2.78	5.9	8.16
EBITA Margin %	-3.91	-2.87	-2.51	0.91	4.05
EBIT Margin %	-4.11	-3.07	-2.78	0.72	3.87
Income From Continuing Operations Margin %	-12.43	-11.13	-8.07	-2.12	1.67
Net Income Margin %	-12.43	-11.13	-8.07	-2.12	1.67
Net Avail. For Common Margin %	-12.43	-11.13	-8.07	-2.12	1.67
Normalized Net Income Margin	-4.87	-3.52	-2.15	-0.14	1.96
Levered Free Cash Flow Margin	11.48	-	15.47	12.88	17.41
Unlevered Free Cash Flow Margin	11.69	-	15.82	13.36	17.82
Asset Turnover
Asset Turnover	1.53	-	1.37	1.46	1.43
Fixed Assets Turnover	3.97	-	4.32	4.41	4.4
Receivables Turnover (Average Receivables)	9.67	-	8.81	10.09	9.96
Short Term Liquidity
Current Ratio	1.27	1.2	1.02	1.03	1.07
Quick Ratio	1	0.88	0.7	0.69	0.74
Operating Cash Flow to Current Liabilities	-0.03	0.08	0.16	0.1	0.22
Days Sales Outstanding (Average Receivables)	37.73	-	41.43	36.28	36.65
Average Days Payable Outstanding	22.68	-	41.9	44.23	42.42
Long Term Solvency
Total Debt/Equity	170.18	166.85	290.29	369.43	297
Total Debt / Total Capital	62.99	62.53	74.38	78.7	74.81
LT Debt/Equity	152.98	149.52	261.15	332.8	266.74
Long-Term Debt / Total Capital	56.62	56.03	66.91	70.89	67.19
Total Liabilities / Total Assets	79.54	79.82	87.25	89.4	87.26
EBIT / Interest Expense	-11.98	-7.93	-5.03	0.95	5.82
EBITDA / Interest Expense	15.61	9.58	10.78	11.99	17.08
(EBITDA - Capex) / Interest Expense	3.86	-1.01	1.57	6.66	11.03
Total Debt / EBITDA	4.6	6.65	4.19	2.83	2.32
Net Debt / EBITDA	2.38	3.52	2.37	1.77	1.27
Total Debt / (EBITDA - Capex)	18.62	-62.85	28.68	5.1	3.59
Net Debt / (EBITDA - Capex)	9.62	-33.21	16.2	3.19	1.97
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-3.59	-	-7.05	-5.72	-6.2
Gross Profit, 1 Yr. Growth %	-5.52	-	11.81	11.04	10.46
EBITDA, 1 Yr. Growth %	-366.36	-	-30.44	57.83	29.67
EBITA, 1 Yr. Growth %	-56	-	-18.82	-148.67	317.81
EBIT, 1 Yr. Growth %	-54.56	-	-15.99	-133.53	401.72
Earnings From Cont. Operations, 1 Yr. Growth %	15.32	-	-32.61	-75.25	-174.12
Net Income, 1 Yr. Growth %	15.32	-	-32.61	-75.25	-174.12
Normalized Net Income, 1 Yr. Growth %	-17.68	-	-43.22	-91.49	-1.38K
Diluted EPS Before Extra, 1 Yr. Growth %	15.34	-	-33.39	-75.52	-170.78
Accounts Receivable, 1 Yr. Growth %	54.42	-	-32.83	4.89	-14.36
Net Property, Plant and Equip., 1 Yr. Growth %	-16.36	-	-9.72	-5.48	-6.7
Total Assets, 1 Yr. Growth %	17.92	-	-14.72	-7.62	-1.3
Tangible Book Value, 1 Yr. Growth %	-46.08	-	-76.85	-94.24	859.09
Common Equity, 1 Yr. Growth %	-44.59	-	-47.86	-25.64	20.1
Cash From Operations, 1 Yr. Growth %	-118.95	-	96.23	-41.87	107.49
Capital Expenditures, 1 Yr. Growth %	-27.41	-	15.03	-24.74	-7.07
Levered Free Cash Flow, 1 Yr. Growth %	-19.48	-	-	-23.79	26.74
Unlevered Free Cash Flow, 1 Yr. Growth %	-19.17	-	-	-22.66	25.15
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-4.08	-	-	-6.39	-5.96
Gross Profit, 2 Yr. CAGR %	-10.36	-	-	12.98	10.75
EBITDA, 2 Yr. CAGR %	-23.54	-	-	15.98	43.06
EBITA, 2 Yr. CAGR %	21.56	-	-	-46.07	42.6
EBIT, 2 Yr. CAGR %	21.1	-	-	-53.61	29.7
Earnings From Cont. Operations, 2 Yr. CAGR %	56.82	-	-	-59.17	-57.17
Net Income, 2 Yr. CAGR %	56.82	-	-	-59.17	-57.17
Normalized Net Income, 2 Yr. CAGR %	58.41	-	-	-81.07	4.28
Diluted EPS Before Extra, 2 Yr. CAGR %	56.79	-	-	-59.62	-58.38
Accounts Receivable, 2 Yr. CAGR %	12.13	-	-	-16.06	-5.22
Net Property, Plant and Equip., 2 Yr. CAGR %	-10.46	-	-	-7.62	-6.09
Total Assets, 2 Yr. CAGR %	6.07	-	-	-11.24	-4.52
Tangible Book Value, 2 Yr. CAGR %	-35.49	-	-	-88.45	-25.68
Common Equity, 2 Yr. CAGR %	-32.31	-	-	-37.73	-5.5
Cash From Operations, 2 Yr. CAGR %	-67.61	-	-	6.8	9.82
Capital Expenditures, 2 Yr. CAGR %	-20.51	-	-	-6.96	-16.37
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	-	-1.72
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	-	-1.62
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-5.05	-	-	-	-6.32
Gross Profit, 3 Yr. CAGR %	-6.56	-	-	-	12.13
EBITDA, 3 Yr. CAGR %	-16.55	-	-	-	20.38
EBITA, 3 Yr. CAGR %	12.33	-	-	-	6.71
EBIT, 3 Yr. CAGR %	12.13	-	-	-	2.59
Earnings From Cont. Operations, 3 Yr. CAGR %	33.26	-	-	-	-50.19
Net Income, 3 Yr. CAGR %	33.26	-	-	-	-50.19
Normalized Net Income, 3 Yr. CAGR %	32.12	-	-	-	-22.9
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-	-	-51.31
Accounts Receivable, 3 Yr. CAGR %	-	-	-	-	-15.5
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-	-	-7.32
Total Assets, 3 Yr. CAGR %	-	-	-	-	-8.04
Tangible Book Value, 3 Yr. CAGR %	-	-	-	-	-49.62
Common Equity, 3 Yr. CAGR %	-	-	-	-	-22.49
Cash From Operations, 3 Yr. CAGR %	-43.9	-	-	-	33.27
Capital Expenditures, 3 Yr. CAGR %	-21.64	-	-	-	-6.99