Kyndryl Holdings, Inc. (KD) Income Statement
KD FY2026 at a glance
Fiscal year ended March 31, 2026 · U.S. dollarsKD revenue and net income
Where KD's revenue goes
FY2026Each bar shows an amount and its share of revenue. KD kept 1.3% of revenue as net income.
KD profit margins
KD growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +0.2% | −3.9% | −4.9% | — |
| Gross profit | +4.6% | +9.2% | +9.3% | — |
| Operating income | +15.0% | — | — | — |
| Net income | −21.4% | — | — | — |
| EPS (diluted) | +23.9% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
KD quarterly EPS vs estimates
Kyndryl beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: November 4, 2026 (estimate $0.25).
KD income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $15.09B | $15.06B | $16.05B | $17.03B | $18.66B | $19.35B | $18.66B | $21.80B |
| Cost of revenue | $11.80B | $11.91B | $13.19B | $14.50B | $16.55B | $16.55B | $16.55B | $19.24B |
| Gross profit | $3.29B | $3.14B | $2.86B | $2.53B | $2.11B | $2.11B | $2.11B | $2.56B |
| Research & development | — | $49.0M | $58.0M | $79.0M | $23.0M | $76.0M | $83.0M | $69.0M |
| Sales, general & admin | $2.65B | $2.52B | $2.66B | $2.91B | $2.78B | $3.85B | $2.78B | $3.04B |
| Total operating expenses | $2.65B | $2.59B | $2.77B | $2.91B | $2.78B | $3.89B | $2.78B | $3.11B |
| Operating income | $635.0M | $552.0M | $90.0M | −$386.0M | −$669.0M | −$1.70B | −$669.0M | −$435.0M |
| Interest expense | $89.0M | $100.0M | $122.0M | $94.0M | $64.0M | $64.0M | $64.0M | $85.0M |
| Income before taxes | $414.0M | $435.0M | −$168.0M | −$851.0M | −$1.90B | −$1.77B | −$1.90B | −$630.0M |
| Income taxes | $215.0M | $184.0M | $172.0M | $524.0M | $402.0M | $246.0M | $402.0M | $350.0M |
| Net income | $198.0M | $252.0M | −$340.0M | −$1.37B | −$2.30B | −$2.01B | −$2.30B | −$980.0M |
| EBITDA | $3.28B | $1.55B | $1.14B | $617.0M | −$175.0M | −$175.0M | −$175.0M | $980.0M |
| EPS (diluted) | $1.45 | $1.17 | −$0.73 | −$3.25 | −$2.86 | −$8.97 | −$10.29 | −$4.38 |
| Gross margin | 21.8% | 20.9% | 17.8% | 14.8% | 11.3% | 10.9% | 11.3% | 11.7% |
| Operating margin | 4.2% | 3.7% | 0.6% | −2.3% | −3.6% | −8.8% | −3.6% | −2.0% |
| Net margin | 1.3% | 1.7% | −2.1% | −8.1% | −12.3% | −10.4% | −12.3% | −4.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.62B | $3.77B | $3.86B | $3.72B | $3.74B | $3.80B | $3.74B | $3.77B | $3.74B | $3.85B | $3.77B | $3.74B |
| Cost of revenue | $11.80B | $2.92B | $3.02B | $2.92B | $2.94B | $2.94B | $2.98B | $3.02B | $2.93B | $3.12B | $3.02B | $2.93B |
| Gross profit | $3.29B | $847.0M | $843.0M | $801.0M | $798.0M | $863.0M | $763.0M | $750.0M | $805.0M | $728.0M | $750.0M | $805.0M |
| Research & development | — | — | — | — | — | $49.0M | — | — | — | $58.0M | — | — |
| Sales, general & admin | $668.0M | $678.0M | $688.0M | $659.0M | $671.0M | $566.0M | $647.0M | $647.0M | $657.0M | $721.0M | $705.0M | $673.0M |
| Total operating expenses | $2.88B | $678.0M | $672.0M | $661.0M | $646.0M | $639.0M | $647.0M | $647.0M | $657.0M | $779.0M | $647.0M | $657.0M |
| Operating income | $414.0M | $171.0M | $172.0M | $140.0M | $152.0M | $224.0M | $116.0M | $103.0M | $148.0M | −$51.0M | $103.0M | $148.0M |
| Interest expense | $89.0M | $29.0M | $21.0M | $20.0M | $23.0M | $24.0M | $24.0M | $25.0M | $28.0M | $30.0M | $31.0M | $31.0M |
| Income before taxes | $414.0M | $132.0M | $91.0M | $98.0M | $92.0M | $118.0M | $258.0M | −$5.0M | $64.0M | −$4.0M | −$5.0M | $64.0M |
| Income taxes | $215.0M | $115.0M | $34.0M | $30.0M | $36.0M | $50.0M | $43.0M | $38.0M | $53.0M | $41.0M | $38.0M | $53.0M |
| Net income | −$55.0M | $17.0M | $57.0M | $68.0M | $56.0M | $68.0M | $215.0M | −$43.0M | $11.0M | −$45.0M | −$43.0M | $11.0M |
| EBITDA | $503.0M | $420.0M | $808.0M | $392.0M | $800.0M | $857.0M | $549.0M | $263.0M | $296.0M | $176.0M | $263.0M | $296.0M |
| EPS (diluted) | −$0.19 | $0.18 | $0.52 | $0.38 | $0.37 | $0.52 | $0.51 | $0.01 | $0.13 | −$0.01 | −$0.05 | −$0.05 |
| Gross margin | 90.9% | 22.5% | 21.8% | 21.5% | 21.3% | 22.7% | 20.4% | 19.9% | 21.5% | 18.9% | 19.9% | 21.5% |
| Operating margin | 11.4% | 4.5% | 4.5% | 3.8% | 4.1% | 5.9% | 3.1% | 2.7% | 4.0% | −1.3% | 2.7% | 4.0% |
| Net margin | −1.5% | 0.5% | 1.5% | 1.8% | 1.5% | 1.8% | 5.7% | −1.1% | 0.3% | −1.2% | −1.1% | 0.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in KD's financial statements (latest annual report filed May 29, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
KD financial results
In fiscal year 2026 (ended March 31, 2026), Kyndryl reported revenue of $15.1 billion, up 0.2% from the year before. It had net income of $198.0 million (down 21.4%), a net profit margin of 1.3%. Diluted earnings per share came to $1.45. Over five years revenue grew at an average rate of −4.9% a year.
See the KD stock overview for the latest quote and news, or the KD chart for price history and technical indicators.
KD income statement FAQ
What is Kyndryl's annual revenue?
Kyndryl reported total revenue of $15.1 billion for fiscal year 2026, which ended on March 31, 2026. That was up 0.2% from $15.1 billion the previous year.
Is Kyndryl profitable?
Yes. Kyndryl reported net income of $198.0 million in fiscal 2026, a net profit margin of 1.3%; its operating margin was 4.2%.
What is Kyndryl's gross margin?
Kyndryl's gross margin was 21.8% in fiscal 2026: for every $100 of revenue, Kyndryl kept $22 after the direct cost of its products and services.
How fast is Kyndryl growing?
Revenue grew −4.9% a year on average over the last five fiscal years, from $19.4 billion to $15.1 billion.
What are Kyndryl's earnings per share?
Kyndryl earned $1.45 per diluted share in fiscal 2026, compared with $1.17 a year earlier.
When will Kyndryl report its next earnings?
Kyndryl is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 before the market opens.
When does Kyndryl's fiscal year end?
Kyndryl's fiscal year ends in March. The latest annual report covers the year ended March 31, 2026 and was filed on May 29, 2026.