Kyndryl Holdings, Inc.KDEarnings & Financial Report
Kyndryl Holdings, Inc. is an American multinational information technology infrastructure services provider, headquartered in New York City and created from the spin-off of IBM's infrastructure services business in 2021. The company designs, builds, manages and develops large-scale information systems. The company also has business advisory services. It is currently the world's largest IT infrastructure services provider, and the fifth-largest consulting provider.
Revenue
$3.9B
Gross Profit
$716.0M
Operating Profit
$-3.0M
Net Profit
$-45.0M
Gross Margin
18.6%
Operating Margin
-0.1%
Net Margin
-1.2%
YoY Growth
-9.5%
EPS
$-0.19
Financial Flow
Kyndryl Holdings, Inc. Q4 2024 Financial Summary
Kyndryl Holdings, Inc. reported revenue of $3.9B (down 9.5% YoY) for Q4 2024, with a net profit of $-45.0M (up 93.9% YoY) (-1.2% margin). Cost of goods sold was $3.1B, operating expenses totaled $719.0M.
Key Financial Metrics
| Total Revenue | $3.9B |
|---|---|
| Net Profit | $-45.0M |
| Gross Margin | 18.6% |
| Operating Margin | -0.1% |
| Report Period | Q4 2024 |
Revenue Breakdown
Kyndryl Holdings, Inc. Q4 2024 revenue of $3.9B breaks down across 4 segments, led by Principal Markets Segment at $1.4B (37.1% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Principal Markets Segment | $1.4B | 37.1% |
| United States Segment | $991.0M | 25.7% |
| Strategic Markets Segment | $848.0M | 22.0% |
| Other | $583.0M | 15.1% |
Kyndryl Holdings, Inc. Revenue by Segment — Quarterly Trend
Kyndryl Holdings, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Principal Markets Segment and United States Segment) has evolved quarter over quarter.
| Segment | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 |
|---|---|---|---|---|
| Principal Markets Segment | $1.4B | $1.3B | $1.4B | $1.3B |
| United States Segment | $958.0M | $899.0M | $911.0M | $969.0M |
| Strategic Markets Segment | $905.0M | $906.0M | $898.0M | $952.0M |
| Other | $568.0M | $582.0M | $578.0M | $606.0M |
Kyndryl Holdings, Inc. Annual Revenue by Year
Kyndryl Holdings, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $15.1B).
| Year | Annual Revenue |
|---|---|
| 2025 | $15.1B |
| 2024 | $16.1B |
| 2023 | $17.0B |
Kyndryl Holdings, Inc. Quarterly Revenue & Net Profit History
Kyndryl Holdings, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 2026 | $3.9B | +3.1% | $57.0M | 1.5% |
| Q2 2026 | $3.7B | -1.4% | $68.0M | 1.8% |
| Q1 2026 | $3.7B | +0.1% | $56.0M | 1.5% |
| Q4 2025 | $3.8B | -1.3% | $69.0M | 1.8% |
| Q3 2025 | $3.7B | -4.9% | $215.0M | 5.7% |
| Q2 2025 | $3.8B | -7.3% | $-43.0M | -1.1% |
| Q1 2025 | $3.7B | -10.8% | $11.0M | 0.3% |
| Q4 2024 | $3.9B | -9.5% | $-45.0M | -1.2% |
Income Statement
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.85B | $3.74B | $3.77B | $3.74B | $3.80B | $3.74B | $3.72B | $3.86B |
| YoY Growth | -9.5% | -10.8% | -7.3% | -4.9% | -1.3% | 0.1% | -1.4% | 3.1% |
Balance Sheet
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $10.59B | $10.16B | $10.40B | $9.93B | $10.45B | $11.49B | $11.24B | $11.28B |
| Liabilities | $9.47B | $9.06B | $9.22B | $8.72B | $9.12B | $10.15B | $9.90B | $9.97B |
| Equity | $1.01B | $996.0M | $1.06B | $1.09B | $1.22B | $1.23B | $1.23B | $1.19B |
Cash Flow
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $145.0M | $-48.0M | $149.0M | $260.0M | $581.0M | $-124.0M | $146.0M | $428.0M |