← Research LibraryThe BriefFY2026 10-K (year ended March 31, 2026) · headline figures audited against SEC data
Kyndryl, the IT infrastructure services business spun off from IBM, held revenue flat at $15.09B and lifted gross margin 92 bps, but net income fell 21.4% and an SEC investigation and material control weaknesses remain open
The read at a glance✓ Audited against SEC data
- Growth — Revenue up 0.2% to $15.09B; down 3% in constant currency; signings down 26%Watch
- Profitability — Gross margin up 92 bps to 21.79%; net income down 21.4% to $198MNote
- Balance sheet — $1.0 billion drawn on the revolver; $1.8 billion of debt due within a yearWatch
- Accounting quality — Material weaknesses in internal control; distress-zone balance-sheet screenWatch
- Capital allocation — Buybacks $304M, 11.6 million shares; no dividendNote
- Governance — SEC enforcement inquiry into cash management practices; CFO and General Counsel replacedWatch
Business
Kyndryl calls itself the world's largest IT infrastructure services provider: it designs, builds, runs and modernizes the computing systems of thousands of large customers in more than 60 countries, under multi-year managed services contracts plus advisory work branded Kyndryl Consult. It was spun off from IBM in November 2021. Approximately 45 percent of revenue comes from financial services companies, and its five largest customers were approximately 10 percent of revenue.
Where the revenue comes from
Fiscal 2026, as Kyndryl Holdings, Inc. reports it. History and quarterly detail are in the app.
- Principal Markets$5.4B
- United States.$3.8B
- Strategic Markets$3.6B
- Japan.$2.3B
Leadership changes
From Kyndryl Holdings, Inc.'s own filings, the day they're filed.
- Harsh Chugh · Chief Financial Officer · appointmenteff. 2026-02-05
- Eligible Retirement Benefit Recipients · departureeff. 2023-07-27
- Indiana University Kelley School · President · appointment
Latest filings
- 8-K · Company announcement2026-09-28
- 8-K · Company announcement2026-08-05
- 10-Q · Quarterly report2026-08-05
- 8-K · Company announcement2026-07-31
- 8-K · Company announcement2026-07-06
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about Kyndryl Holdings, Inc., every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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