Company data sheet · Kyndryl Holdings

Kyndryl Holdings: five lost years, and the economy wasn't the reason.

Industry
Computer Integrated Systems Design
Headquarters
United States
Ticker
KD (NYSE)
Sources
SEC filings (2021–2026), Stratrix's verified Decision Cases, market data and official economic statistics for the United States
Data as of
October 18, 2026
  1. From profit to five straight losses. Kyndryl Holdings lost money every year from 2019 to 2024: $7 billion in all. Fiscal 2025 was its first profit in six years: $0.3 billion.
  2. It wasn't the cycle. The losses began in 2019, a year the US economy grew 2.6%. When a company falls while its economy grows, look inside the company first.
  3. Still smaller than it was. Revenue reached $15.1 billion in fiscal 2026, 26% below its 2019 peak of $20.3 billion.

Financial results

Fiscal yearRevenueNet income
2019$20.3 billion−$0.9 billion
2020$19.4 billion−$2 billion
2021$18.7 billion−$2.3 billion
2023$17 billion−$1.4 billion
2024$16.1 billion−$0.3 billion
2025$15.1 billion$0.3 billion
2026$15.1 billion$0.2 billion

As reported in its annual filings. Losses in red.

The full data sheet · Data Plan

Everything behind these findings, ready for your board deck.

  • Market reaction to disclosed decisions: 17 decision filings since 2016, each linked to the SEC, with the share return against its sector and the S&P 500 the next day and the next year (10 with market data).
  • Economic context: 7 measures for the United States, every year since 2016, from the official sources.
  • Peer comparison: against 74 companies of its size in its sector.
  • Financial results: ten years of revenue, operating and net income, and every annual report, linked.
  • Methods and sources, so each number can be checked and cited.

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