Kyndryl Holdings, Inc.
- Open
- 13.27
- Day high
- 13.62
- Day low
- 13.23
- Prev close
- 13.09
- Volume
- 252K
- Mkt cap
- $2.9B
- P/E (TTM)
- 9.0
- EPS (TTM)
- $1.49
- P/B
- 2.7
- P/S
- 0.1
- Yield
- —
- Per share
- —
Kyndryl Holdings, Inc. (KD) is a Technology company listed on NYSE. The stock is down 59% over the past year. Drillr has 1 published research article covering KD.
Kyndryl Holdings, Inc. (KD) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
KD earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 5, 2026 | $-0.16 | $-0.12 | +24.2% | $3.6B | -0.7% |
| May 6, 2026 | $0.43 | $0.18 | -58.1% | $3.8B | +0.9% |
| Nov 4, 2025 | $0.35 | $0.38 | +8.6% | $3.7B | -6.2% |
| May 7, 2025 | $0.51 | $0.52 | +2.8% | $3.8B | +0.7% |
| Feb 3, 2025 | $0.40 | $0.51 | +27.5% | $3.7B | -0.6% |
| Jul 31, 2024 | $0.12 | $0.13 | +8.3% | $3.7B | +0.4% |
| May 16, 2023 | $-1.23 | $-0.21 | +82.9% | $4.3B | +4.1% |
| Feb 7, 2023 | $-0.57 | $-0.47 | +17.5% | $4.3B | +3.4% |
| Nov 2, 2022 | $-0.43 | $-0.45 | -4.7% | $4.2B | -0.1% |
| Aug 3, 2022 | $-1.07 | $-1.11 | -3.7% | $4.3B | — |
| May 4, 2022 | — | $-0.18 | — | $4.6B | -72.7% |
| Feb 28, 2022 | $-0.47 | $-3.30 | -602.1% | $4.6B | +1.0% |
KD insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 14, 2026 | Johnson Ellen Tobiofficer: Chief Financial Officer | Grant | 121,248 | $12.99 |
| Aug 14, 2026 | Johnson Ellen Tobiofficer: Chief Financial Officer | Grant | 115,474 | $12.99 |
| Aug 14, 2026 | Bonzani Andrewofficer: General Counsel and Secretary | Grant | 67,360 | $12.99 |
| Aug 14, 2026 | Bonzani Andrewofficer: General Counsel and Secretary | Grant | 96,228 | $12.99 |
| Aug 4, 2026 | Chugh Harshofficer: Interim CFO | Tax | 1,288 | $13.48 |
| Aug 4, 2026 | Paulek Mark Dofficer: Chief Human Resources Officer | Tax | 1,184 | $13.48 |
| Aug 4, 2026 | Schroeter Martin Jdirector, officer: Chairman and CEO | Tax | 35,081 | $13.48 |
| Aug 4, 2026 | Keinan Ellyofficer: Group President | Tax | 34,645 | $13.48 |
| Aug 4, 2026 | Keinan Ellyofficer: Group President | Tax | 27,506 | $13.48 |
| Aug 4, 2026 | Chugh Harshofficer: Interim CFO | Tax | 1,673 | $13.48 |
| Aug 4, 2026 | Schroeter Martin Jdirector, officer: Chairman and CEO | Tax | 44,186 | $13.48 |
| Aug 3, 2026 | Hester Stephen A. M.director | Grant | 17,844 | $13.45 |
| Aug 3, 2026 | Kugel Janinadirector | Grant | 17,844 | $13.45 |
| Aug 3, 2026 | Kugel Janinadirector | Tax | 882 | $13.45 |
| Aug 3, 2026 | Machuel Denisdirector | Tax | 378 | $13.45 |
Source: KD SEC Form 4 filings, latest Aug 14, 2026. For informational purposes only — not investment advice.
See the full KD insider & 13F page →Kyndryl Holdings, Inc. company profile
Overview
Kyndryl Holdings, Inc. (NYSE:KD) is a technology services company that was spun off from IBM in October 2021, making it one of the world's largest IT infrastructure services providers. The company was incorporated in 2020 and is headquartered in New York, New York. Kyndryl emerged as an independent entity to focus exclusively on managing and modernizing the complex IT infrastructure that powers businesses worldwide, serving clients across financial services, telecommunications, retail, automotive, and transportation industries.
Business
Kyndryl operates in the IT infrastructure services industry, providing comprehensive technology services that help organizations manage, maintain, and modernize their critical IT systems. The company's core business revolves around ensuring that the foundational technology infrastructure - the servers, networks, databases, and applications that businesses depend on daily - continues to operate reliably while evolving to meet changing technological demands. The company's primary offering is IT infrastructure services, which encompasses the day-to-day management and maintenance of enterprise technology systems. This includes monitoring server performance, managing network security, maintaining databases, and ensuring business-critical applications remain operational 24/7. Think of Kyndryl as the technology equivalent of a facilities management company, but instead of maintaining buildings, they maintain the digital infrastructure that modern businesses cannot function without. Kyndryl's services are organized into several key areas: 1. Cloud Services - Helping organizations migrate their applications and data to cloud platforms like Amazon Web Services, Microsoft Azure, and Google Cloud, while managing hybrid environments that combine on-premises and cloud infrastructure. 2. Kyndryl Consult - A higher-margin consulting division that represents approximately 25% of total revenue, focusing on strategic technology planning, digital transformation, and helping clients prepare for emerging technologies like artificial intelligence. 3. Core Enterprise and Cloud Services - Traditional IT infrastructure management including server maintenance, network operations, and application support. 4. Digital Workplace Services - Managing end-user computing environments, including desktop support, mobile device management, and collaboration tools. 5. Security and Resiliency Services - Cybersecurity monitoring, threat detection, and business continuity planning to protect against cyber threats and system failures. 6. Network Services and Edge Services - Managing telecommunications infrastructure and edge computing deployments that bring processing power closer to where data is generated. The company also operates Kyndryl Bridge, a proprietary technology platform that uses artificial intelligence and automation to monitor and optimize IT infrastructure performance, generating actionable insights for both Kyndryl's service delivery teams and their clients.
Revenue model
Kyndryl generates revenue primarily through service contracts with enterprise clients, typically structured as multi-year agreements ranging from 3-7 years. The company's business model is built around recurring revenue streams from ongoing IT infrastructure management services, with additional revenue from consulting engagements and technology implementation projects. The company's paying customers are primarily large enterprises and government organizations that require mission-critical IT infrastructure support. These clients often have complex, hybrid IT environments combining legacy systems with modern cloud infrastructure, requiring specialized expertise to manage effectively. Kyndryl's client base includes major corporations in financial services, telecommunications, retail, automotive, and transportation sectors. Revenue generation occurs through several channels: 1. Managed Services Contracts - Long-term agreements where Kyndryl takes responsibility for managing specific aspects of a client's IT infrastructure, typically priced based on the scope of services and infrastructure complexity. 2. Consulting Services - Higher-margin engagements through Kyndryl Consult that help clients plan digital transformation initiatives, implement new technologies, and optimize their IT architecture. 3. Hyperscaler Alliance Revenue - Fees earned from helping clients migrate to and manage workloads on major cloud platforms, which reached $1.2 billion in fiscal 2025. Several factors influence Kyndryl's margins and profitability. Positive margin drivers include the company's Advanced Delivery initiative, which uses automation and artificial intelligence to reduce manual labor costs while improving service quality. The growing Kyndryl Consult business commands higher margins than traditional infrastructure services. Strategic partnerships with major technology vendors provide additional revenue opportunities and margin enhancement. The company's focus on "accounts initiative" - optimizing relationships with strategic clients - has generated significant cost savings and margin improvements. Margin pressure factors include intense competition from other IT services providers, including traditional competitors like Accenture and newer cloud-native service providers. Labor cost inflation affects the company's ability to maintain margins on labor-intensive services. Client pressure for cost reductions, particularly during economic uncertainty, can compress pricing. The ongoing shift from traditional on-premises infrastructure to cloud services requires continuous investment in new capabilities and certifications, creating near-term cost pressures.
Competitive moat
Kyndryl's competitive moat is moderately strong but faces ongoing challenges from industry transformation. The company's primary moat stems from its deep expertise in managing complex, mission-critical IT infrastructure that clients cannot afford to have fail. This creates high switching costs, as replacing an IT infrastructure provider requires extensive knowledge transfer, system integration, and carries significant operational risk. The company benefits from long-term contract structures that provide revenue stability and client stickiness. Once Kyndryl is deeply integrated into a client's IT operations, the cost and risk of switching providers becomes substantial. The company's proprietary Kyndryl Bridge platform creates additional switching costs by providing clients with valuable operational insights and automation capabilities that would be lost if they changed providers. Kyndryl's scale advantages allow it to invest in advanced automation, artificial intelligence capabilities, and maintain certifications across multiple technology platforms that smaller competitors cannot match. The company's global presence enables it to serve multinational clients consistently across different regions and time zones. However, the moat faces significant challenges. The fundamental shift toward cloud computing reduces the complexity of IT infrastructure management, potentially commoditizing some of Kyndryl's traditional services. Hyperscaler cloud providers like Amazon Web Services, Microsoft Azure, and Google Cloud are increasingly offering managed services directly, potentially disintermediating traditional IT services providers. New competitors with cloud-native expertise may be better positioned to serve clients' evolving needs. The company is attempting to strengthen its moat by expanding higher-value consulting services, developing AI-powered automation capabilities, and building deeper partnerships with major technology vendors. However, the success of this strategy depends on Kyndryl's ability to continuously evolve its capabilities faster than the industry commoditizes its traditional services.
Risks & safety
Kyndryl presents a moderate margin of safety with improving financial metrics but some balance sheet concerns. • Liquidity and Solvency: Strong cash position of $942 million with positive operating cash flow of $581 million in Q4 2025. Current ratio of 76.5 indicates excellent short-term liquidity, though this appears unusually high due to low current liabilities. Debt-to-equity ratio of 0.0 in latest quarter shows minimal debt burden. • Valuation Metrics: Trading at P/E ratio of 26.7x based on recent earnings, which appears reasonable for a technology services company showing growth. EV/EBITDA of 3.6x suggests the stock may be undervalued relative to cash generation capability. Price-to-book ratio of 6.0x reflects the asset-light nature of the services business. • Operational Trends: Company achieved positive revenue growth in Q4 2025 after several quarters of decline. Adjusted EBITDA margins improved to 18.8%, demonstrating operational efficiency gains. Free cash flow generation of $942 million for fiscal 2025 shows strong cash conversion. • Other Considerations: High return on equity of 20.7% indicates efficient capital utilization. The company's transformation from IBM spin-off appears to be gaining traction with improved profitability metrics and return to growth.
Recent development
Over the past few years, Kyndryl has executed a comprehensive transformation strategy focused on three key initiatives known as the "3 A's": Alliances, Advanced Delivery, and Accounts. The Alliances initiative has dramatically expanded partnerships with major cloud providers, with hyperscaler-related revenue more than doubling to $1.2 billion in fiscal 2025, positioning Kyndryl as a key implementation partner for AWS, Microsoft Azure, and Google Cloud migrations. The Advanced Delivery initiative has leveraged automation and artificial intelligence to reduce operational costs while improving service quality, generating $775 million in annualized savings. This program has freed up thousands of delivery professionals to focus on higher-value activities while improving service reliability through the Kyndryl Bridge platform, which now serves over 1,200 enterprise customers and generates millions of actionable insights monthly. The Accounts initiative has focused on optimizing relationships with strategic clients, achieving $900 million in annualized savings through expanded service scope, improved contract terms, and operational efficiencies. This program has been approximately 75% completed on revenue optimization and 90% completed on targeted savings. Kyndryl Consult has emerged as a significant growth driver, expanding from 15% to 25% of total revenue with 29% constant currency growth in fiscal 2025. This higher-margin consulting business focuses on helping clients navigate digital transformation, prepare for AI implementation, and optimize their technology architecture for future needs. The company has also made strategic technology investments, including the acquisition of Skytap to enhance cloud migration capabilities and continued development of AI-powered automation tools. Kyndryl has significantly expanded its cloud certifications to over 35,000 across major platforms and has positioned itself as a bridge between traditional IT infrastructure and emerging technologies like artificial intelligence.
KD company profile · for informational purposes only — not investment advice.
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