Source: Kyndryl's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 05, 2026
Revenue, net income & free cash flow
Income statement
fiscal years · USD
Fiscal year
FY2019
FY2020
FY2021
FY2023
FY2024
FY2025
FY2026
Revenue
$20.28B
$19.35B
$18.66B
$17.03B
$16.05B
$15.06B
$15.09B
Cost of revenue
$17.68B
$17.14B
$16.55B
$14.50B
$13.19B
$11.91B
$11.80B
Gross profit
$2.60B
$2.21B
$2.11B
$2.53B
$2.86B
$3.14B
$3.29B
Research & development
$83.00M
$76.00M
$63.00M
$79.00M
$58.00M
$49.00M
$57.00M
Selling, general & admin
$2.97B
$2.95B
$2.78B
$2.91B
$2.77B
$2.59B
$2.65B
Interest expense
$76.00M
$63.00M
$64.00M
$94.00M
$122.00M
$100.00M
$89.00M
Pre-tax income
-$573.00M
-$1.76B
-$1.90B
-$851.00M
-$168.00M
$435.00M
$414.00M
Income tax
$366.00M
$247.00M
$402.00M
$524.00M
$172.00M
$184.00M
$215.00M
Net income
-$939.00M
-$2.01B
-$2.30B
-$1.37B
-$340.00M
$252.00M
$198.00M
EPS (basic)
$-4.19
$-8.96
$-10.28
$-6.06
$-1.48
$1.09
$0.87
EPS (diluted)
$-4.19
$-8.96
$-10.28
$-6.06
$-1.48
$1.05
$0.85
Diluted shares
224.10M
224.10M
224.10M
226.70M
229.20M
239.10M
233.80M
Gross margin
12.8%
11.4%
11.3%
14.8%
17.8%
20.9%
21.8%
Net margin
-4.6%
-10.4%
-12.3%
-8.1%
-2.1%
1.7%
1.3%
Balance sheet
fiscal years · USD
Fiscal year
FY2019
FY2020
FY2021
FY2023
FY2024
FY2025
FY2026
Cash & equivalents
$50.00M
$24.00M
$2.22B
$1.85B
$1.55B
$1.79B
$2.62B
Receivables
—
$1.44B
$2.28B
$1.52B
$1.60B
$1.34B
$1.30B
Total current assets
—
$2.84B
$5.78B
$4.96B
$4.75B
$4.59B
$5.53B
Goodwill
$1.16B
$1.23B
$732.00M
$812.00M
$805.00M
$790.00M
$786.00M
Total assets
—
$11.21B
$13.21B
$11.46B
$10.59B
$10.45B
$12.55B
Total current liabilities
—
$3.84B
$4.46B
$4.87B
$4.59B
$4.30B
$6.31B
Short-term debt
—
$69.00M
$105.00M
$110.00M
$126.00M
$129.00M
$1.80B
Long-term debt
—
$140.00M
$3.00B
$3.00B
$2.90B
$2.90B
$3.90B
Total debt
—
$209.00M
$3.10B
$3.11B
$3.03B
$3.03B
$5.70B
Total liabilities
—
$6.22B
$10.45B
$10.00B
$9.47B
$9.12B
$11.26B
Shareholders' equity
$5.94B
$4.93B
$2.77B
$1.36B
$1.01B
$1.22B
$1.18B
Cash flow
fiscal years · USD
Fiscal year
FY2019
FY2020
FY2021
FY2023
FY2024
FY2025
FY2026
Operating cash flow
$1.13B
$628.00M
-$119.00M
$781.00M
$454.00M
$942.00M
$948.00M
Capital expenditures
$1.19B
$1.04B
$752.00M
$865.00M
$651.00M
$605.00M
$608.00M
Free cash flow
-$56.00M
-$408.00M
-$871.00M
-$84.00M
-$197.00M
$337.00M
$340.00M
Investing cash flow
-$1.13B
-$953.00M
-$572.00M
-$835.00M
-$553.00M
-$404.00M
-$561.00M
Financing cash flow
$0
$312.00M
$2.92B
-$141.00M
-$170.00M
-$286.00M
$457.00M
Share buybacks
—
—
—
—
—
$93.00M
$304.00M
Stock-based compensation
$51.00M
$64.00M
$71.00M
$113.00M
$95.00M
$100.00M
$64.00M
Depreciation & amortization
$1.47B
$1.45B
$1.30B
$900.00M
$834.00M
$660.00M
$762.00M
Income statement
quarters · USD
Quarter ended
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Revenue
$3.94B
$3.85B
$3.74B
$3.77B
$3.74B
$3.80B
$3.74B
$3.72B
$3.86B
$3.77B
$3.62B
$3.65B
Cost of revenue
$3.18B
$3.13B
$2.93B
$3.02B
$2.98B
$2.98B
$2.95B
$2.92B
$3.02B
$2.92B
$2.84B
$2.79B
Gross profit
$752.00M
$716.00M
$805.00M
$750.00M
$763.00M
$825.00M
$796.00M
$801.00M
$843.00M
$849.00M
$776.00M
$857.00M
Selling, general & admin
$705.00M
$714.00M
$657.00M
$647.00M
$647.00M
$640.00M
$646.00M
$659.00M
$672.00M
$678.00M
$668.00M
$669.00M
Interest expense
$31.00M
$30.00M
$28.00M
$25.00M
$24.00M
$23.00M
$19.00M
$20.00M
$21.00M
$29.00M
$34.00M
$37.00M
Pre-tax income
$53.00M
-$3.00M
$64.00M
-$5.00M
$258.00M
$118.00M
$92.00M
$98.00M
$91.00M
$133.00M
-$69.00M
$112.00M
Income tax
$65.00M
$41.00M
$53.00M
$38.00M
$43.00M
$50.00M
$36.00M
$30.00M
$34.00M
$115.00M
-$14.00M
$53.00M
Net income
-$12.00M
-$45.00M
$11.00M
-$43.00M
$215.00M
$69.00M
$56.00M
$68.00M
$57.00M
$17.00M
-$55.00M
$59.00M
EPS (basic)
$-0.05
$-0.19
$0.05
$-0.19
$0.93
$0.30
$0.24
$0.29
$0.25
$0.08
$-0.25
$0.27
EPS (diluted)
$-0.05
$-0.19
$0.05
$-0.19
$0.89
$0.28
$0.23
$0.29
$0.25
$0.08
$-0.25
$0.27
Diluted shares
229.60M
300.00K
235.80M
231.60M
240.70M
800.00K
239.10M
235.90M
232.50M
-2.00M
220.60M
219.10M
Gross margin
19.1%
18.6%
21.5%
19.9%
20.4%
21.7%
21.3%
21.5%
21.8%
22.5%
21.4%
23.5%
Net margin
-0.3%
-1.2%
0.3%
-1.1%
5.7%
1.8%
1.5%
1.8%
1.5%
0.5%
-1.5%
1.6%
Balance sheet
quarters · USD
Quarter ended
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Cash & equivalents
$1.69B
$1.55B
$1.27B
$1.32B
$1.50B
$1.79B
$1.46B
$1.33B
$1.35B
$2.62B
$2.10B
$1.66B
Receivables
$1.66B
$1.60B
$1.44B
$1.44B
$1.37B
$1.34B
$1.28B
$1.32B
$1.35B
$1.30B
$1.25B
$1.22B
Total current assets
$4.85B
$4.75B
$4.36B
$4.39B
$4.30B
$4.59B
$4.47B
$4.29B
$4.33B
$5.53B
$5.07B
$4.59B
Goodwill
$809.00M
$805.00M
$786.00M
$790.00M
$787.00M
$790.00M
$793.00M
$791.00M
$787.00M
$786.00M
$784.00M
$918.00M
Total assets
$10.97B
$10.59B
$10.16B
$10.40B
$9.93B
$10.45B
$11.49B
$11.24B
$11.28B
$12.55B
$12.03B
$11.87B
Total current liabilities
$5.15B
$4.59B
$4.23B
$4.25B
$3.94B
$4.30B
$4.24B
$4.20B
$5.04B
$6.31B
$5.98B
$4.82B
Short-term debt
$628.00M
$126.00M
$130.00M
$135.00M
$129.00M
$129.00M
$128.00M
$124.00M
$805.00M
$1.80B
$1.80B
$778.00M
Long-term debt
$3.00B
$2.90B
$2.90B
$2.90B
$2.90B
$2.90B
$2.90B
$2.90B
$2.90B
$3.90B
$3.90B
$3.90B
Total debt
$3.63B
$3.03B
$3.03B
$3.04B
$3.03B
$3.03B
$3.03B
$3.02B
$3.71B
$5.70B
$5.70B
$4.68B
Total liabilities
$9.68B
$9.47B
$9.06B
$9.22B
$8.72B
$9.12B
$10.15B
$9.90B
$9.97B
$11.26B
$10.86B
$10.69B
Shareholders' equity
$1.19B
$1.01B
$996.00M
$1.06B
$1.09B
$1.22B
$1.23B
$1.23B
$1.19B
$1.18B
$1.07B
$1.08B
Cash flow
quarters · USD
Quarter ended
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Operating cash flow
$436.00M
$145.00M
-$48.00M
$149.00M
$260.00M
$581.00M
-$124.00M
$146.00M
$428.00M
$498.00M
-$310.00M
$173.00M
Capital expenditures
$174.00M
$202.00M
$122.00M
$134.00M
$109.00M
$240.00M
$143.00M
$129.00M
$220.00M
$116.00M
$149.00M
$214.00M
Free cash flow
$262.00M
-$57.00M
-$170.00M
$15.00M
$151.00M
$341.00M
-$267.00M
$17.00M
$208.00M
$382.00M
-$459.00M
-$41.00M
Investing cash flow
-$142.00M
-$203.00M
-$166.00M
-$75.00M
$42.00M
-$205.00M
-$74.00M
-$122.00M
-$240.00M
-$125.00M
-$49.00M
-$519.00M
Financing cash flow
-$43.00M
-$47.00M
-$51.00M
-$50.00M
-$71.00M
-$114.00M
-$170.00M
-$140.00M
-$138.00M
$905.00M
-$152.00M
-$90.00M
Share buybacks
—
—
—
—
—
$63.00M
$62.00M
$89.00M
$99.00M
$54.00M
$64.00M
$33.00M
Stock-based compensation
$25.00M
$23.00M
$24.00M
$25.00M
$29.00M
$22.00M
$24.00M
$26.00M
$23.00M
-$9.00M
$21.00M
$22.00M
Depreciation & amortization
$207.00M
$195.00M
$127.00M
$150.00M
$195.00M
$189.00M
$191.00M
$193.00M
$193.00M
$185.00M
$183.00M
$189.00M
Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.