Every material Form 8-K Kyndryl has filed with the SEC since May 07, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Kyndryl reported revenue of $3.7 billion for the quarter ended September 30, 2026, down 1.9% from a year earlier, and GAAP net income of $59 million, or $0.27 per diluted share, versus $68 million, or $0.29, a year earlier. Adjusted net income rose to $92 million, or $0.42 per diluted share, from $89 million, or $0.38, and the company reaffirmed its fiscal 2027 outlook. The results show lower reported sales and GAAP profit alongside higher adjusted earnings, with the adjusted measures excluding items such as workforce rebalancing charges.
Revenue was $3.7 billion, down 1.9% year-over-year as reported and down 0.8% in constant currency.
Net income was $59 million ($0.27 per diluted share), compared with $68 million ($0.29) a year earlier; workforce rebalancing charges were $38 million, up from $19 million.
Adjusted net income was $92 million ($0.42 per diluted share), compared with $89 million ($0.38) a year earlier.
The company reaffirmed fiscal 2027 guidance, including adjusted pretax income of $600 to $700 million and free cash flow of $400 to $500 million.
Kyndryl reported first-quarter fiscal 2027 revenue of $3.6 billion, down 3% year-over-year, and a net loss of $55 million, compared with net income of $56 million a year earlier. The results include $152 million of workforce rebalancing charges, and the company reaffirmed its fiscal 2027 outlook for revenue, earnings and free cash flow.
Revenue was $3.6 billion, down 3% year-over-year; pretax loss was $69 million versus pretax income of $92 million in the prior-year quarter.
Diluted loss per share was $0.25, compared with diluted earnings of $0.23 per share a year earlier; adjusted loss per share was $0.12, versus adjusted earnings of $0.37.
Free cash flow was a use of $401 million, compared with a use of $222 million a year earlier; adjusted EBITDA was $512 million, down from $647 million.
Fiscal 2027 outlook reaffirmed: adjusted pretax income of $600 to $700 million and free cash flow of $400 to $500 million.
At its July 30, 2026 annual meeting, Kyndryl stockholders approved an amended and restated 2021 Long-Term Performance Plan that adds 7,600,000 shares issuable under the plan. Stockholders also elected six directors, approved executive compensation on an advisory basis, and ratified PricewaterhouseCoopers LLP as auditor for the fiscal year ending March 31, 2027.
Amended plan increases shares issuable by 7,600,000 shares of common stock
Executive compensation approved on an advisory basis with 75% of votes present in favor
Plan approval received 94% of votes present; 139,325,459 votes for
PricewaterhouseCoopers LLP ratified as auditor with 97% of votes present in favor
Kyndryl appointed Ellen Johnson, former CFO of Interpublic Group, as Chief Financial Officer, and Andrew Bonzani, former general counsel of Interpublic Group, as General Counsel and Secretary. Johnson succeeds Interim CFO Harsh Chugh, who will stay on to assist with the transition, and the filing discloses no financial results or guidance.
Johnson joins July 20, 2026 and becomes CFO on August 6, 2026, when Chugh's interim role ends
Johnson's base salary is $1,000,000, with a 125% target incentive and a fiscal 2027 LTI target grant value of $4,500,000
Bonzani's appointment is effective immediately, with a base salary of $900,000 and a fiscal 2027 LTI target grant value of $2,500,000
Mark Ringes, the interim General Counsel, returns to his role as Deputy General Counsel
Kyndryl reported fourth-quarter and fiscal 2026 results on May 6, 2026, showing lower revenue and GAAP net income, though adjusted pretax income rose 21% for the year. On May 5, 2026, the company approved workforce rebalancing actions that it estimates will cost about $200 million, with expected annualized savings of $400 to $500 million in fiscal 2028. Shareholders also received fiscal 2027 guidance for adjusted pretax income of $600 to $700 million and free cash flow of $400 to $500 million.
Q4 fiscal 2026 revenue was $3.8 billion, down 1% reported and 5% in constant currency; net income was $17 million, or $0.08 per diluted share, versus $68 million, or $0.28, a year earlier.
Fiscal 2026 revenue was $15.1 billion, flat reported and down 3% in constant currency; net income was $198 million, or $0.85 per diluted share, versus $1.05 a year earlier.
Adjusted EPS for fiscal 2026 was $1.46, versus $1.19 in fiscal 2025; the company expects workforce charges of about $200 million, mostly in Q1 fiscal 2027.
Fiscal 2027 outlook: adjusted pretax income of $600 to $700 million (including workforce charges), free cash flow of $400 to $500 million, and constant-currency revenue flat to down 2%.
Kyndryl reported fiscal third-quarter revenue of $3.9 billion, up 3% as reported and flat in constant currency, but GAAP net income fell to $57 million from $215 million a year earlier, which included a transaction-related benefit. The company also named interim leaders for finance, legal and accounting, and said its Form 10-Q will be delayed pending a review, though it does not expect a restatement.
Revenue was $3.9 billion, up 3% as reported and unchanged in constant currency; net income was $57 million, or $0.25 per diluted share, versus $215 million, or $0.89, a year earlier.
Adjusted net income was $122 million, or $0.52 per diluted share, versus $124 million, or $0.51, in the prior-year quarter.
Fiscal 2026 outlook: adjusted pretax income of $575 million to $600 million, free cash flow of $325 million to $375 million, and a constant-currency revenue decline of 2% to 3%.
Harsh Chugh was named Interim Chief Financial Officer, effective immediately, and the Form 10-Q filing is delayed pending a review described in a Form 12b-25.
Kyndryl appointed Harsh Chugh as interim Chief Financial Officer and Bhavna Doegar as interim Corporate Controller, effective immediately, on February 5, 2026. The same day, CFO David Wyshner, General Counsel Edward Sebold and Senior Vice President and Global Controller Vineet Khurana left their roles, and Mark Ringes was named interim General Counsel. The filing says no compensation changes have been made for the new appointees, so the turnover in finance and legal leadership is the main point for shareholders.
Harsh Chugh, 54, named interim Chief Financial Officer effective February 5, 2026; previously Chief Operating Officer from September 2021 to January 2026
Bhavna Doegar, 49, named interim Corporate Controller; joined Kyndryl in December 2025 as Senior Vice President, Finance and Strategy
David Wyshner departed as Chief Financial Officer and Edward Sebold as General Counsel, effective immediately
Mark Ringes appointed interim General Counsel on February 5, 2026; previously Senior Vice President, Deputy General Counsel
Kyndryl Holdings said Chief Human Resources Officer Maryjo Charbonnier intends to retire from the role effective March 31, 2026. She will then remain with the company as an Executive Advisor until August 31, 2026. The filing does not name a successor or describe any financial effect.
Maryjo Charbonnier notified the company of her retirement on January 2, 2026
Retirement from the CHRO role takes effect March 31, 2026
She will serve as an Executive Advisor, remaining an employee until August 31, 2026
Kyndryl reported fiscal second-quarter 2026 revenue of $3.7 billion, down 1% year over year, while net income rose to $68 million, or $0.29 per diluted share, from a net loss of $43 million a year earlier. The company reaffirmed its fiscal 2026 outlook and announced a $400 million increase to its share repurchase authorization, which matters to shareholders because it reflects both a profit swing and a larger capital return program alongside a revenue decline.
Revenue was $3.7 billion, down 1% reported and down 3.7% in constant currency, which the company attributed to reducing low-margin third-party content and longer sales cycles.
Net income was $68 million, or $0.29 per diluted share, versus a net loss of $43 million, or $0.19 per share, in the prior-year quarter.
Adjusted EBITDA was $641 million, up 15% year over year; free cash flow was $22 million.
The board added $400 million to the share repurchase program, on top of the $300 million program from November 2024, under which 7.3 million shares had been repurchased for $249 million as of September 30, 2025.
Kyndryl reported first-quarter fiscal 2026 results for the quarter ended June 30, 2025, with revenue of $3.74 billion, up slightly on a reported basis and down 2.6% in constant currency. Net income rose to $56 million, or $0.23 per diluted share, from $11 million, or $0.05, a year earlier, and the company reaffirmed its fiscal 2026 outlook for revenue, earnings and free cash flow.
Revenue of $3.74 billion was up slightly year-over-year as reported and down 2.6% in constant currency
Net income was $56 million ($0.23 per diluted share) versus $11 million ($0.05) a year earlier; adjusted EPS was $0.37 versus $0.13
Free cash flow was a use of $222 million in the quarter, which the company attributed to typical seasonal outflows
Fiscal 2026 outlook reaffirmed, including adjusted pretax income of at least $725 million and free cash flow of approximately $550 million
Kyndryl reported results for the fourth quarter and fiscal year ended March 31, 2025. Quarterly revenue was $3.8 billion, down 1% as reported and up 1.3% in constant currency, while net income swung to $68 million from a $45 million loss a year earlier. The company guided fiscal 2026 adjusted pretax income to at least $725 million, up at least $243 million, which signals higher expected profitability for shareholders.
Q4 revenue of $3.8 billion, down 1% as reported and up 1.3% in constant currency
Q4 net income of $68 million, or $0.28 per diluted share, versus a net loss of $45 million a year earlier
Q4 adjusted pretax income of $185 million, up 510% from $30 million
FY2026 outlook: adjusted pretax income of at least $725 million and adjusted free cash flow of approximately $550 million
Kyndryl Holdings entered into an amended and restated five-year revolving credit agreement with JPMorgan Chase Bank as administrative agent. The main change extends the expiration date from October 16, 2026 to March 14, 2030, while the borrowing capacity of $3.15 billion and other material terms remain substantially similar to the existing agreement. For shareholders, this is a routine refinancing that extends the company's committed credit access without changing the amount available to borrow.
Borrowing capacity of up to $3.15 billion on a revolving basis, consistent with the existing agreement
Expiration date extended from October 16, 2026 to March 14, 2030
Other material terms described as substantially similar to the existing agreement; full text filed as Exhibit 10.1
Agreement dated March 14, 2025, replaces the October 18, 2021 agreement as amended June 21, 2023
Kyndryl reported fiscal third-quarter 2025 revenue of $3.74 billion, down 5% year over year, while net income was $215 million, compared with a net loss of $12 million a year earlier. Net income includes an after-tax gain of $138 million from the divestiture of its SIS platform in Canada, which the company excludes from adjusted results. The company raised its fiscal 2025 adjusted pretax income and adjusted free cash flow outlook.
Q3 revenue was $3.74 billion, down 5% year over year and 3% in constant currency; diluted EPS was $0.89 versus a loss of $0.05, and adjusted EPS was $0.51.
Fiscal 2025 outlook now calls for adjusted pretax income of at least $475 million and adjusted free cash flow of approximately $350 million.
Total signings were $4.1 billion in the quarter, up 10% on a reported basis, and the company expects approximately 2% constant-currency revenue growth in the fourth quarter.
Kyndryl reported fiscal second-quarter revenue of $3.8 billion, down 7% year over year, with a net loss of $43 million, or $(0.19) per diluted share, compared with a $142 million loss a year earlier. The company reaffirmed its fiscal 2025 outlook, including adjusted pretax income of at least $460 million, while revenue is expected to decline in the full year.
Revenue of $3.8 billion fell 7% year over year, reflecting reduced inherited no-margin and low-margin third-party content in contracts.
Net loss was $43 million, or $(0.19) per diluted share, versus $142 million, or $(0.62) per diluted share, a year earlier; adjusted pretax income rose 80% to $45 million.
Total signings were a record $5.6 billion, up 132% year over year; cash flow from operations was $149 million.
Fiscal 2025 outlook reaffirmed: adjusted pretax income of at least $460 million and constant-currency revenue growth of (2%) to (4%).
Kyndryl reported first-quarter fiscal 2025 revenue of $3.74 billion, down 11% year over year, as it reduced low-margin third-party content in customer contracts. Net income was $11 million, or $0.05 per diluted share, compared with a net loss of $141 million a year earlier, and the company raised its fiscal 2025 adjusted pretax income and adjusted EBITDA margin outlook while reaffirming its constant-currency revenue decline outlook of (2%) to (4%).
Revenue of $3.74 billion, down 11% year over year and 8% in constant currency
Net income of $11 million, or $0.05 per diluted share, versus a net loss of $141 million a year earlier; adjusted pretax income of $92 million, up 96%
Adjusted pretax income outlook for fiscal 2025 raised to at least $460 million from at least $435 million
Constant-currency revenue outlook of (2%) to (4%) reaffirmed; company expects year-over-year revenue growth in the fourth quarter
Kyndryl reported fourth-quarter fiscal 2024 revenue of $3.8 billion, down 10% year over year, as it reduced inherited no-margin and low-margin third-party content in customer contracts. The net loss narrowed to $45 million from $737 million a year earlier, and adjusted pretax income rose to $30 million from an adjusted loss of $61 million. For fiscal 2025, the company expects constant-currency revenue growth of (2%) to (4%) and adjusted pretax income of at least $435 million.
Q4 revenue $3.8 billion, down 10% (9% in constant currency); net loss $45 million, or ($0.20) per diluted share, versus $737 million, or ($3.24), a year earlier
Q4 adjusted pretax income $30 million, versus an adjusted pretax loss of $61 million in the prior-year quarter
Fiscal 2024 revenue $16.1 billion, down 6%; net loss $340 million, or ($1.48) per diluted share; adjusted free cash flow $291 million
Fiscal 2025 outlook: revenue growth of (2%) to (4%) in constant currency and adjusted pretax income of at least $435 million, versus $165 million in fiscal 2024
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