Kyndryl Holdings, Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $15.09B | $15.06B | $16.05B | $17.03B | $18.66B | $19.35B | $20.28B |
| Cost of Revenue | $11.80B | $11.91B | $13.19B | $14.50B | $16.55B | $17.14B | $17.68B |
| Gross Profit | $3.29B | $3.14B | $2.86B | $2.53B | $2.11B | $2.22B | $2.60B |
| Gross Margin | 21.8% | 20.9% | 17.8% | 14.8% | 11.3% | 11.4% | 12.8% |
| Operating Expenses | |||||||
| Research & Development | $57.0M | $49.0M | $58.0M | $79.0M | $63.0M | $76.0M | $83.0M |
| SG&A Expense | $2.65B | $2.59B | $2.77B | $2.91B | $2.78B | $2.95B | $2.97B |
| Operating Income | $503.0M | $535.0M | $-46.0M | $-757.0M | $-1.84B | $-1.70B | $-503.0M |
| Operating Margin | 3.3% | 3.6% | -0.3% | -4.4% | -9.9% | -8.8% | -2.5% |
| Interest Expense | $89.0M | $100.0M | $122.0M | $94.0M | $64.0M | $63.0M | $76.0M |
| Pretax Income | $414.0M | $435.0M | $-168.0M | $-851.0M | $-1.90B | $-1.76B | $-579.0M |
| Income Tax Expense | $215.0M | $184.0M | $172.0M | $524.0M | $402.0M | $247.0M | $364.0M |
| Net Income | $198.0M | $252.0M | $-340.0M | $-1.37B | $-2.30B | $-2.01B | $-943.0M |
| Net Margin | 1.3% | 1.7% | -2.1% | -8.1% | -12.3% | -10.4% | -4.7% |
| EPS (Basic) | $0.87 | $1.09 | $-1.48 | $-6.06 | $-10.28 | $-8.96 | $-4.21 |
| EPS (Diluted) | $0.85 | $1.05 | $-1.48 | $-6.06 | $-10.28 | $-8.96 | $-4.21 |
| Shares Outstanding (Basic) | 228.3M | 231.5M | 229.2M | 226.7M | 224.1M | 224.1M | 224.1M |
| Shares Outstanding (Diluted) | 233.8M | 239.1M | 229.2M | 226.7M | 224.1M | 224.1M | 224.1M |
| Dividends Per Share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |