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Kyndryl Holdings, Inc. (KD) stock

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NYSE: KD NYSE IT Consulting & Other Services Next results ~November 4, 2026

C+ Fundamentals grade

Kyndryl Holdings, Inc. is a US-listed company in the IT consulting & other services industry. Its financial year ends in March.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$27

Valuation models combined (3)

Base case. Range ~$24–$44. Weighted average of 3 models (growth cash-flow model, forward price-to-earnings vs peers, forward price-to-sales vs peers), the growth cash-flow model counting double.

Price vs value

No Buy/Hold/Sell rating is issued: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Kyndryl Holdings, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Kyndryl Holdings files

Where Kyndryl stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $15.0bn, down 0.6% on a year earlier, slower than 0.2% a quarter earlier. That puts it 844 of 931 for growth among all the companies we cover. Free-cash-flow margin held at 1.0%. The diluted share count is down 4.5% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 1 of our 6 financial-health checks. Our cash-flow model value is $-7.25 a share, against a share price of $13.88.

Source: 10-Q filed August 5, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 4, 2026 (estimated)

Kyndryl Holdings, Inc.'s trailing-twelve-month revenue fell 0.6% year on year, with a free-cash-flow margin of 1.0%. Where it stands out: stock pay as % of revenue of 0.4% ranks 2 of 36 it consulting & other services companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 38.3% while net income fell 70.7%: a 32pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Shrinking share count. Diluted shares fell 4.5% in a year, so each share owns more of the business.

Things to watch

  • Results due soon. Results are expected around 5 November; the share price can move sharply on the day.
  • Revenue shrinking. Revenue fell 0.6% over the last 12 months.
  • Volatile shares. Over the past year the shares showed annualised volatility of 75% and a beta of 0.7 against the S&P 500.
  • Heavily shorted. 15.4% of the shares available to trade are sold short (7.7 days of average volume to cover).
  • Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.
  • Estimates being cut. Analysts' consensus for next year's earnings per share has fallen 5.6% over 90 days.

Latest results: FY2027 Q1

Filed August 5, 2026
Earnings per share
-$0.12 against an average estimate of -$0.17: beat by 29.4%
Revenue
$3.62bn, down 3.3% on a year earlier
Share reaction
-4.8% in the first session after the results on August 5, 2026, against -0.4% for the S&P 500
Guidance given
workforce rebalancing charges $200m (fiscal 2027); annualized run-rate operating expense savings $400m to $500m (fiscal year 2028)
Next report
November 4, 2026; average EPS estimate $0.38

Kyndryl Holdings' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-1.9%
  • 1 week-7.6%
  • 1 month+17.4%
  • This year-48.9%
  • 1 year-53.1%
  • 5 years-52.4%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$15B
Net margin
0.6%
EPS (TTM, diluted)
$0.38

Growth

Revenue growth
−0.6%
Change in growth rate
−0.9 pts
Share count change
−4.5%

Cash

Free cash flow (TTM)
$148M
FCF margin
1.0%
Stock pay % of revenue
0.4%

Earnings

Last results
August 5, 2026
Next results (est.)
November 5, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Results
  3. Guidance
  4. Leadership
  5. Leadership

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Kyndryl Holdings, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Our value per share comes from a discounted-cash-flow model of Kyndryl Holdings, Inc.'s free cash flow after stock-based pay ( $93.4M, FY2027 Q1 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Kyndryl Holdings, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 10.4%: the 10-year Treasury yield (4.9%) plus a beta of 1.22 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$24 ~$8.0–$31 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$24 ~$22–$44 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$44 ~$59–$160 Included, half weight
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: revenue and margins don't support a positive value
Combined value Weighted average of the models that apply: the primary model (growth cash-flow model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$27 ~$24–$44 3 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Kyndryl Holdings, Inc. with IT Consulting & Other Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20222023202420252026Now
Share price$18.10$14.76$21.76$31.40$13.12$13.57
Market value$4.1bn$3.3bn$5.0bn$7.5bn$3.1bn$3.1bn
+ Net debt (− = net cash)$0$1.5bn$1.8bn$1.5bn$3.9bn$4.4bn
Enterprise value$4.1bn$4.8bn$6.8bn$9.0bn$6.9bn$7.5bn
Multiples
Price / sales 0.2x0.2x0.3x0.5x0.2x0.2x
Price / earnings ———29.8x15.5x35.7x
Price / free cash flow ———22.3x9.0x21.0x
EV / EBITDA ——————

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

10 /100

Weak moat

How hard Kyndryl Holdings's competitive advantage looks for rivals to wear away, judged from 6 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Cash operating profit has been a median 0.3% of total assets over 5 years.

  • Pricing power 6 / 20

    Gross margin has been a median 17.2%, moving by 3.9 percentage points (standard deviation) across 6 years.

  • Durability 10 / 20

    Net margin has been a median -4.3%; its worst year was -10.7%.

  • Cash conversion 4 / 20

    Free cash flow was positive in 2 of 5 years, at a median -0.4% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (25 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 4, 2026, before the open. Analysts expect revenue of $3.6bn and EPS of $0.38 (range $0.36 to $0.46) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $1.85 +27% $14.8bn −2%
Next $2.49 +34% $14.8bn −0%

Next year's EPS estimate has moved −5.6% in 90 days, across 6 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −3.5% on 90 days ago. In the last 30 days, 3 analysts raised Kyndryl Holdings, Inc.'s forecast and 3 cut it.

Consensus EPS forecast Kyndryl Holdings, Inc., last 90 days
$1.80 $2.00 $2.20 $2.40 $2.60 $2.80 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $1.92 Current fiscal year, 60 days ago: $1.88 Current fiscal year, 30 days ago: $1.88 Current fiscal year, 7 days ago: $1.85 Current fiscal year, Now: $1.85 $1.85 Next fiscal year, 90 days ago: $2.64 Next fiscal year, 60 days ago: $2.59 Next fiscal year, 30 days ago: $2.57 Next fiscal year, 7 days ago: $2.47 Next fiscal year, Now: $2.49 $2.49

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $1.92$2.64
60 days ago $1.88$2.59
30 days ago $1.88$2.57
7 days ago $1.85$2.47
Now $1.85$2.49

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 −$0.17 −$0.12 +29.4%
Mar 2026 $0.47 $0.18 −61.6%
Dec 2025 $0.60 $0.52 −13.8%
Sept 2025 $0.36 $0.38 +6.2%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 5, 2026
  • Workforce rebalancing charges fiscal 2027 about $200m Maintained
    “The Company continues to expect approximately $200 million of charges in fiscal 2027.” source
  • annualized run-rate operating expense savings fiscal year 2028 $400m to $500m
    “These workforce rebalancing efforts, once completed, are expected to result in annualized run-rate operating expense savings of approximately $400 to $500 million in the Company's fiscal year 2028.” source
  • Adjusted pretax income fiscal 2027 $600m to $700m Non-GAAP Maintained
    “Adjusted pretax income of $600 to $700 million” source
  • Free cash flow fiscal 2027 $400m to $500m Non-GAAP Maintained
    “Free cash flow of $400 to $500 million” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Kyndryl Holdings, Inc.'s revenue by -0.1% next year and +1.4% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (-1.2%, weight 65%) and the company's own record (+2.0%, weight 35%) . How the weights are set.

Analyst recommendations

6 analysts, Oct 2026
Buy00%
Hold583%
Sell117%

Monthly trend

  1. Oct 2026516
  2. Sep 2026516

Counts of recommendations published by analysts covering Kyndryl Holdings, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
15.4%
of tradable shares
Days to cover
7.66
at average volume
Short interest, 1 month
+7%
to October 15, 2026
Held by institutions
90%
of shares
Held by insiders
2.2%
of shares
Employees
72,000
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −53.1%

$28.92 on October 31, 2025 to $13.57

ThenNowEffect
Revenue (last 12 months) $15.1bn $15.0bn −0.6%
Net margin 2.0% 0.6% −70.5%
P/E multiple 23.4x 35.7x +53.0%
Share count 240m 229m +4.7%

Biggest factor: net margin.

Last 3 years −11.9%

$15.40 on November 3, 2023 to $13.57

ThenNowEffect
Revenue (last 12 months) $16.9bn $15.0bn −11.6%
P/S multiple 0.2x 0.2x +0.5%
Share count 227m 229m −0.8%

Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 20222023202420252026 to date
Return
KD−39%+87%+67%−23%−49%
Industry peers (median)−35%+4%+18%−22%−13%
S&P 500−18%+26%+25%+18%+11%
Months that ended higher
KD33%58%33%50%36%
S&P 50042%67%75%75%46%
Largest fall from a high during the year
KD−58%−33%−22%−46%−62%
S&P 500−25%−10%−8%−19%−9%

Worst fall since October 22, 2021: 80% from October 22, 2021 to October 14, 2022. Getting back needed a 395% gain, reached on February 5, 2025, 845 days after the low.

Price behaviour

52-week range
$10.59 – $28.75
From 52-week high
−52.8%
vs 50-day average
+5.9%
vs 200-day average
+0.9%
Volatility (1 year)
75%
Beta vs S&P 500
0.68

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±16.0%
After a week
6 up, 6 down
typical move ±19.5%
After a month
5 up, 7 down
typical move ±19.5%
Results releasedNext dayS&P 500 next day5 days21 days
August 5, 2026 −4.8% −0.4% −11.0% −9.2%
May 6, 2026 −14.0% +1.1% −24.8% −21.0%
February 9, 2026 −52.7% +0.2% −42.1% −46.1%
November 4, 2025 −9.1% −0.8% −10.7% −8.6%
August 4, 2025 −20.5% +1.0% −20.0% −12.0%
May 7, 2025 +10.1% +1.1% +23.9% +21.3%
February 3, 2025 +5.2% 0.0% +8.1% −2.1%
November 6, 2024 +19.8% +3.3% +24.8% +50.1%
July 31, 2024 −12.2% +0.2% −18.6% −11.7%
May 7, 2024 +27.1% +0.1% +32.8% +26.9%
February 6, 2024 +1.6% +1.1% +1.1% +5.9%
November 7, 2023 +15.1% +0.4% +15.6% +19.3%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Kyndryl Holdings, Inc. in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Kyndryl Holdings, Inc.
$14.5B $15B $15.5B $16B $16.5B $17B FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Revenue (TTM), FY24 Q2: $16.8B Revenue (TTM), FY24 Q3: $16.5B Revenue (TTM), FY24 Q4: $16.1B Revenue (TTM), FY25 Q1: $15.6B Revenue (TTM), FY25 Q2: $15.3B Revenue (TTM), FY25 Q3: $15.1B Revenue (TTM), FY25 Q4: $15.1B Revenue (TTM), FY26 Q1: $15.1B Revenue (TTM), FY26 Q2: $15B Revenue (TTM), FY26 Q3: $15.1B Revenue (TTM), FY26 Q4: $15.1B Revenue (TTM), FY27 Q1: $15B $15B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY24 Q2 $16.8B
FY24 Q3 $16.5B
FY24 Q4 $16.1B
FY25 Q1 $15.6B
FY25 Q2 $15.3B
FY25 Q3 $15.1B
FY25 Q4 $15.1B
FY26 Q1 $15.1B
FY26 Q2 $15B
FY26 Q3 $15.1B
FY26 Q4 $15.1B
FY27 Q1 $15B
Revenue growth, TTM YoY Kyndryl Holdings, Inc.
-10% -5% 0% 5% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Revenue growth, TTM YoY, FY24 Q2: -3.6% Revenue growth, TTM YoY, FY24 Q3: -4.3% Revenue growth, TTM YoY, FY24 Q4: -5.7% Revenue growth, TTM YoY, FY25 Q1: -7.9% Revenue growth, TTM YoY, FY25 Q2: -9.1% Revenue growth, TTM YoY, FY25 Q3: -8.2% Revenue growth, TTM YoY, FY25 Q4: -6.2% Revenue growth, TTM YoY, FY26 Q1: -3.4% Revenue growth, TTM YoY, FY26 Q2: -1.9% Revenue growth, TTM YoY, FY26 Q3: 0.1% Revenue growth, TTM YoY, FY26 Q4: 0.2% Revenue growth, TTM YoY, FY27 Q1: -0.6% -0.6%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q2 -3.6%
FY24 Q3 -4.3%
FY24 Q4 -5.7%
FY25 Q1 -7.9%
FY25 Q2 -9.1%
FY25 Q3 -8.2%
FY25 Q4 -6.2%
FY26 Q1 -3.4%
FY26 Q2 -1.9%
FY26 Q3 0.1%
FY26 Q4 0.2%
FY27 Q1 -0.6%
FCF margin (TTM) Kyndryl Holdings, Inc.
-4% -2% 0% 2% 4% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 FCF margin (TTM), FY24 Q2: -3.0% FCF margin (TTM), FY24 Q3: -1.7% FCF margin (TTM), FY24 Q4: -1.2% FCF margin (TTM), FY25 Q1: -0.6% FCF margin (TTM), FY25 Q2: 0.3% FCF margin (TTM), FY25 Q3: -0.4% FCF margin (TTM), FY25 Q4: 2.2% FCF margin (TTM), FY26 Q1: 1.6% FCF margin (TTM), FY26 Q2: 1.6% FCF margin (TTM), FY26 Q3: 2.0% FCF margin (TTM), FY26 Q4: 2.3% FCF margin (TTM), FY27 Q1: 1.0% 1.0%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q2 -3.0%
FY24 Q3 -1.7%
FY24 Q4 -1.2%
FY25 Q1 -0.6%
FY25 Q2 0.3%
FY25 Q3 -0.4%
FY25 Q4 2.2%
FY26 Q1 1.6%
FY26 Q2 1.6%
FY26 Q3 2.0%
FY26 Q4 2.3%
FY27 Q1 1.0%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q, 10-Q/A, 10-QT. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2020 Dec 2019 2021 Dec 2020 2022 Dec 2021 2023 Mar 2023 2024 Mar 2024 2025 Mar 2025 2026 Mar 2026 LTM Jun 2026
Income
Revenue 20.3 19.4 18.7 17.0 16.1 15.1 15.1 15.0
Gross profit 2.6 2.2 2.1 2.5 2.9 3.1 3.3 3.3
Net income −0.9 −2.0 −2.3 −1.4 −0.3 0.3 0.2 0.1
Diluted EPS −$4.21 −$8.96 −$10.28 −$6.06 −$1.48 $1.05 $0.85 $0.38
Growth (year on year)
Revenue — −4.6% −3.6% −8.7% −5.7% −6.2% +0.2% −0.6%
Margins
Gross margin 12.8% 11.4% 11.3% 14.8% 17.8% 20.9% 21.8% 21.8%
Net margin −4.7% −10.4% −12.3% −8.1% −2.1% 1.7% 1.3% 0.6%
Free-cash-flow margin −0.3% −2.1% −4.7% −0.5% −1.2% 2.2% 2.3% 1.0%
Cash flow
Cash from operations 1.1 0.6 −0.1 0.8 0.5 0.9 0.9 0.8
Capital spending 1.2 1.0 0.8 0.9 0.7 0.6 0.6 0.6
Free cash flow −0.1 −0.4 −0.9 −0.1 −0.2 0.3 0.3 0.1
Stock-based pay 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1
Free cash flow after stock pay −0.1 −0.5 −0.9 −0.2 −0.3 0.2 0.3 0.1
Balance sheet
Cash — — — 1.8 1.6 1.8 2.6 2.1
Total debt 0.0 0.3 3.4 3.3 3.4 3.3 6.5 6.5
Net debt (negative = net cash) — — — 1.5 1.8 1.5 3.9 4.4
Diluted shares 224m 224m 224m 227m 229m 239m 234m 229m
Returned to shareholders
Buybacks — — — — — 0.1 0.3 0.3
Total returned — — — — — 0.1 0.3 0.3

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 6 checks passed · June 30, 2026
What it owns · $12.0bn
Short-term assets $5.1bnLonger-term assets $7.0bn
What it owes, and who funded it · $11.9bn
Short-term liabilities $6.0bnLonger-term liabilities $4.9bnShareholders' equity $1.1bn
  • Short-term assets cover short-term liabilities $5.1bn of assets due within a year against $6.0bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $5.1bn short-term assets against $4.9bn of longer-dated liabilities.
  • More cash than debt $2.1bn of cash against $5.7bn of debt.
  • Debt below 40% of shareholders' equity Debt is 533% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 108% to 533% over five years.
  • A year's operating cash flow covers at least 20% of debt $762m of operating cash flow against $5.7bn of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Kyndryl Holdings, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2027 Q1 TTM
Buybacks (TTM)
$306M
Returned to shareholders
207%
of free cash flow
Diluted share count
−4.5%
year over year
Total shareholder yield
10.2%
dividends 0.0% + buybacks 10.2% of market value
Sales & admin spending
17.9%
of revenue
Days sales outstanding
30 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in it consulting & other services
Last 12 months unless stated KD DXC BAH CTSH CACI SAIC Median
Revenue, last 12 months $15.0bn $12.4bn $11.0bn $21.9bn $9.8bn $7.4bn $383m
Revenue growth, last 12 months −0.6% −2.8% −6.2% 5.0% 10.1% −0.8% 5.7%
Revenue growth, 3-year average −4.0% −4.2% 3.1% 4.0% 12.0% −1.3% 4.3%
Revenue growth, latest quarter −3.3% −4.0% −3.9% 4.6% 8.2% 6.3% 4.7%
Gross margin 21.8% — 52.5% — 28.0% 12.6% 28.0%
Operating margin — 6.8% 9.3% 15.7% 9.8% 8.0% 5.9%
Operating margin, 3-year average — 7.5% 10.1% 15.4% 9.2% 7.4% 7.5%
Net margin 0.6% 0.9% 7.1% 11.8% 5.5% 5.1% 2.2%
Cash from operations / revenue 5.1% 10.4% 9.8% 12.3% 9.0% 8.9% 6.7%
Free-cash-flow margin 1.0% 8.3% 9.0% 10.8% 8.0% 8.4% 5.0%
Free-cash-flow margin, 3-year average 0.7% 9.4% 8.0% 10.7% 6.7% 6.5% 6.7%
Stock pay / revenue 0.4% 0.6% 0.7% 0.9% 0.9% 0.9% 2.2%
Change in share count −4.5% −7.9% −4.0% −4.8% −0.4% −7.8% 0.9%

Median of all 40 companies we cover in it consulting & other services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

40 it consulting & other services companies
Measure Company Peer median Rank
Revenue growth Growth -0.6% 6.5% 27 of 40
Change in growth rate Growth -0.9pp -0.8pp 21 of 40
Gross margin Profitability 21.8% 28.2% 22 of 34
Net margin Profitability 0.6% 2.5% 25 of 40
Free-cash-flow margin Cash generation 1.0% 5.1% 24 of 38
Stock pay as % of revenue Cash generation 0.4% 2.3% 2 of 36
Long-term debt as % of assets Balance sheet 32.4% 11.8% 20 of 27
Change in share count Balance sheet -4.5% 0.9% 9 of 39
Days sales outstanding Balance sheet 30 days 71 days 5 of 30

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to March 31, 2026
Segments
Line of business Revenue Share YoY
Principal Markets $5.4B 35.8% ▲ 3.7%
United States $3.8B 25.1% ▼ 2.4%
Strategic Markets $3.6B 24.0% ▲ 0.2%
Japan $2.3B 15.1% ▼ 3.1%
Geography
Region Revenue Share YoY
Countries Excluding United States and Japan $9B 59.8% ▲ 2.3%
United States $3.8B 25.1% ▼ 2.4%
Japan $2.3B 15.1% ▼ 3.1%

From Kyndryl Holdings, Inc.'s 10-K filed May 29, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$2.2B
Institutions reporting
663
Shares held vs prior quarter
▲ 7.0%
Positions opened / closed
75 / 66

Top buyers and sellers, Q2 2026: 242 institutions bought and 278 sold ; the biggest buyer was D. E. Shaw & Co., Inc (+5.0M shares) and the biggest seller Cooper Creek Partners Management LLC (−3.9M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $254M 22.5M 11.7% 0.0%
Vanguard Portfolio Management LLC $189M 16.7M 8.7% ▼ 1.6%
AQR Capital Management LLC $160M 14.6M 7.4% ▲ 24.1%
Neuberger Berman Group LLC $122M 10.8M 5.6% ▲ 4.0%
FMR LLC $115M 10.2M 5.3% ▼ 0.4%
Vanguard Capital Management LLC $115M 10.2M 5.3% ▲ 1.5%
D. E. Shaw & Co., Inc. $100M 8.9M 4.6% ▲ 128.2%
State Street Corp $88.1M 7.8M 4.1% ▲ 6.8%
Geode Capital Management, LLC $52.7M 4.6M 2.4% ▼ 0.2%
Dimensional Fund Advisors LP $45.3M 4.0M 2.1% ▼ 13.9%
UBS Group AG $42.9M 3.8M 2.0% ▲ 59.5%
Millennium Management LLC $34.2M 3.0M 1.6% ▲ 2080.8%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Kyndryl Holdings, Inc.'s complete shareholder register. Values are as reported by the filers ; 4 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $177,248 1 trade by 1 insider · 0% under pre-set plans
Net ▼ $177,248 net selling
Insider Date Trade Shares Price Value
Khurana Vineet SVP & Global Controller December 5, 2025 Sell 6,641 $26.69 $177,248

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 5 trades and filings

In the last 12 months, 1 member of Congress disclosed 0 purchases and 1 sale of Kyndryl Holdings, Inc. shares.

  • J. French Hill(R-AR 2):Sale (full), $1,001 - $15,000, traded December 31, 2025, filed January 23, 2026
  • Dwight Evans(D-PA 3):Sale (full), $224.00, traded October 10, 2025, filed October 30, 2025
  • Steve Cohen(D-TN 9):Sale (full), $1,001 - $15,000, traded December 11, 2023, filed January 4, 2024

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 5, 2026 estimated from the company's past filing pattern, not announced

  • August 5, 2026
  • May 6, 2026
  • February 9, 2026
  • November 4, 2025
  • August 4, 2025
  • May 7, 2025

Recent SEC filings

Data status

When each part of this page on Kyndryl Holdings, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Kyndryl Holdings, Inc. in brief

What does Kyndryl Holdings, Inc. do?
Kyndryl Holdings, Inc. is a US-listed company in the IT consulting & other services industry. Its financial year ends in March.
What is Kyndryl Holdings, Inc.'s stock ticker?
Kyndryl Holdings, Inc. trades under the ticker KD on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Kyndryl Holdings, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Kyndryl Holdings, Inc. reported revenue of $15B, 0.6% lower than a year earlier, according to its SEC filings.
What is Kyndryl Holdings, Inc.'s free cash flow?
Kyndryl Holdings, Inc.'s free-cash-flow margin is 1.0% of revenue over the trailing twelve months, ranking 24 of the 38 it consulting & other services companies we cover.
Who are Kyndryl Holdings, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Portfolio Management LLC and AQR Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Kyndryl Holdings, Inc. buying back stock, and does it pay a dividend?
Kyndryl Holdings, Inc. spent $306M on share repurchases over the trailing twelve months, and its diluted share count fell 4.5% over the year.
What is Kyndryl Holdings, Inc.'s market cap?
On November 2, 2026, Kyndryl Holdings, Inc.'s market capitalisation was about $3.1B, with a price-to-earnings ratio of 35.7 and net debt of $4.4B. Market figures come from third-party market data and may be delayed.
How much debt does Kyndryl Holdings, Inc. have?
Kyndryl Holdings, Inc.'s debt-to-equity ratio is 532.7%, from its latest balance sheet (108.5% five years earlier). The financial health section below sets out its other solvency checks.
Who are Kyndryl Holdings, Inc.'s competitors?
In our IT Consulting & Other Services peer group, the companies closest to Kyndryl Holdings, Inc. are DXC Technology Co, Booz Allen Hamilton Holding Corp, Cognizant, CACI International Inc and Science Applications International Corp. The side-by-side comparison below sets their revenue, margins and growth against Kyndryl Holdings, Inc.'s.
Are insiders buying or selling Kyndryl Holdings, Inc. stock?
Over the last 12 months, Kyndryl Holdings, Inc.'s directors and officers reported 0 open-market purchases and 1 sales on Form 4. The insider trading page charts every trade.
When is Kyndryl Holdings, Inc.'s next earnings date?
Around November 4, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Kyndryl Holdings, Inc. announces its own schedule.