← Kyndryl Holdings, Inc.

Annual Trend FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
ASSETS
Current assets:
Current Assets — — — $5.0b $4.7b $4.6b $5.5b
Cash and cash equivalents $24.0m $2.2b $2.1b $1.8b $1.6b $1.8b $2.6b
Accounts receivable (net of allowances for credit losses of $7 at March 31, 2026 and $13 at March 31, 2025) $1.4b $2.3b $2.3b $1.5b $1.6b $1.3b $1.3b
Prepaid expenses and other current assets $157.0m $337.0m $525.0m $510.0m $514.0m $446.0m $436.0m
Accounts Receivable — — — $1.5b $1.6b $1.3b $1.3b
Allowance For Doubtful Accounts Receivable — — — ($32.0m) ($22.0m) ($13.0m) ($7.0m)
Cash Cash Equivalents And Short Term Investments — — — $1.8b $1.6b $1.8b $2.6b
Gross Accounts Receivable — — — $1.6b $1.6b $1.4b $1.3b
Other Current Assets — — — $511.0m $513.0m $446.0m $436.0m
Cash and Cash Equivalents, at Carrying Value — $24.0m — $1.8b $1.6b $1.8b $2.6b
Prepaid Expense and Other Assets, Current — $157.0m — $510.0m $514.0m $446.0m $436.0m
Total current assets $2.8b $5.8b $6.1b $5.0b $4.7b $4.6b $5.5b
Assets, Current — $2.8b — $5.0b $4.7b $4.6b $5.5b
Property and equipment, net $4.0b $2.9b $2.8b $2.8b $2.7b $2.6b $2.5b
Property, Plant and Equipment, Net $4.0b $4.0b $2.8b $2.8b $2.7b $2.6b $2.5b
Goodwill $1.2b $732.0m $823.0m $812.0m $805.0m $790.0m $786.0m
Intangible assets, net $60.0m $36.0m $145.0m $171.0m $188.0m $218.0m $165.0m
Goodwill And Other Intangible Assets — — — $983.0m $993.0m $1.0b $951.0m
Other Intangible Assets — — — $171.0m $188.0m $217.0m $165.0m
Operating right-of-use assets, net $1.1b $1.4b $1.3b $964.0m $864.0m $731.0m $853.0m
Other noncurrent assets $85.0m $385.0m $375.0m $267.0m $67.0m $162.0m $360.0m
Operating Lease, Right-of-Use Asset — $1.1b — $964.0m $864.0m $731.0m $853.0m
Other Assets, Noncurrent — $85.0m — $267.0m $67.0m $162.0m $360.0m
Additional Financial Items
Restricted cash $14.0m $17.0m $20.0m $12.0m $1.0m $3.0m $3.0m
Deferred costs (current portion) $1.4b $1.3b $1.2b $1.2b $920.0m $1.0b $1.9b
Deferred taxes $424.0m $675.0m $555.0m $248.0m $220.0m $204.0m $240.0m
Value-added tax and income tax liabilities — $357.0m $284.0m $347.0m $327.0m $256.0m $278.0m
Deferred income (current portion) $543.0m $475.0m $452.0m $362.0m $314.0m $341.0m $390.0m
Operating lease liabilities (current portion) $850.0m $1.0b $928.0m $707.0m $622.0m $511.0m $602.0m
Non-controlling interests $58.0m $3.0m $94.0m $97.0m $107.0m $113.0m $117.0m
Stockholders Equity — — — $1.4b $1.0b $1.2b $1.2b
Accumulated Depreciation — — — ($7.2b) ($6.6b) ($6.0b) ($5.6b)
Buildings And Improvements — — — $2.7b $2.5b $2.4b $2.3b
Capital Lease Obligations — — — $1.0b $907.0m $785.0m $867.0m
Current Accrued Expenses — — — $895.0m $963.0m $863.0m $1.3b
Current Capital Lease Obligation — — — $316.0m $285.0m $274.0m $265.0m
Current Debt — — — $110.0m $126.0m $129.0m $1.8b
Current Debt And Capital Lease Obligation — — — $426.0m $411.0m $403.0m $2.1b
Current Deferred Assets — — — $1.1b $1.1b $1.0b $1.2b
Current Deferred Liabilities — — — $820.0m $825.0m $746.0m $888.0m
Employee Benefits — — — $504.0m $500.0m $483.0m $490.0m
Gross PPE — — — $11.0b $10.2b $9.3b $9.0b
Invested Capital — — — $4.6b $4.3b $4.4b $5.3b
Land And Improvements — — — $70.0m $70.0m $68.0m $70.0m
Long Term Capital Lease Obligation — — — $707.0m $622.0m $511.0m $602.0m
Machinery Furniture Equipment — — — $7.3b $6.7b $6.1b $5.7b
Net Debt — — — $1.4b $1.7b $1.4b $1.5b
Net PPE — — — $3.7b $3.5b $3.3b $3.4b
Net Tangible Assets — — — $382.0m $22.0m $212.0m $224.0m
Non Current Deferred Assets — — — $1.4b $1.1b $1.2b $2.1b
Non Current Deferred Liabilities — — — $545.0m $459.0m $528.0m $702.0m
Non Current Deferred Taxes Assets — — — $248.0m $220.0m $204.0m $240.0m
Ordinary Shares Number — — — $227.7m $230.4m $230.7m $222.7m
Other Current Borrowings — — — $110.0m $126.0m $129.0m $1.8b
Other Current Liabilities — — — $73.0m $46.0m $29.0m $12.0m
Other Equity Adjustments — — — ($1.1b) ($1.1b) ($1.2b) ($1.1b)
Other Equity Interest — — — — — ($1.0m) ($1.0m)
Other Properties — — — $964.0m $864.0m $731.0m $853.0m
Properties — — — $0 $0 $0 $0
Share Issued — — — $229.6m $233.7m $238.2m $244.4m
Tangible Book Value — — — $382.0m $22.0m $212.0m $224.0m
Treasury Shares Number — — — $1.9m $3.3m $7.5m $21.7m
Working Capital — — — $95.0m $158.0m $289.0m ($779.0m)
Accounts Receivable, after Allowance for Credit Loss, Current — $1.4b — $1.5b $1.6b $1.3b $1.3b
Accrued Liabilities, Current — $512.0m — $346.0m $487.0m $437.0m $369.0m
Total equity $4.9b $2.7b $2.7b $1.5b $1.1b $1.3b $1.3b
Total Capitalization — — — $4.5b $4.1b $4.3b $3.5b
Total Debt — — — $4.2b $4.1b $4.0b $5.0b
Total Non Current Assets — — — $6.5b $5.8b $5.9b $7.0b
Total Tax Payable — — — $347.0m $327.0m $256.0m $278.0m
Total assets $11.2b $13.2b $13.4b $11.5b $10.6b $10.5b $12.6b
Assets — $11.2b — $11.5b $10.6b $10.5b $12.6b
LIABILITIES AND EQUITY
Current liabilities:
Current Liabilities — — — $4.9b $4.6b $4.3b $6.3b
Accounts payable $919.0m $1.1b $1.6b $1.8b $1.4b $1.4b $1.3b
Current portion of long-term debt and short-term debt $69.0m $105.0m $96.0m $110.0m $126.0m $129.0m $1.8b
Accrued compensation and benefits $350.0m $381.0m $509.0m $533.0m $609.0m $652.0m $463.0m
Accrued contract costs $512.0m $585.0m $676.0m $346.0m $487.0m $437.0m $369.0m
Other accrued expenses and liabilities $874.0m $744.0m $682.0m $624.0m $521.0m $454.0m $903.0m
Current Deferred Revenue — — — $820.0m $825.0m $746.0m $888.0m
Payables And Accrued Expenses — — — $3.0b $2.7b $2.5b $2.9b
Operating Lease, Liability, Current — $333.0m — $316.0m $285.0m $274.0m $265.0m
Accounts Payable, Current $919.0m $919.0m $1.6b $1.8b $1.4b $1.4b $1.3b
Operating Lease, Liability, Noncurrent — $850.0m — $707.0m $622.0m $511.0m $602.0m
Long-term Debt, Excluding Current Maturities $140.0m $140.0m $3.1b $3.0b $2.9b $2.9b $3.9b
Deferred Revenue, Current — $854.0m — $820.0m $825.0m $746.0m $888.0m
Deferred Revenue, Noncurrent — $543.0m — $362.0m $314.0m $341.0m $390.0m
Total current liabilities $3.9b $4.5b $5.1b $4.9b $4.6b $4.3b $6.3b
Liabilities, Current — $3.9b — $4.9b $4.6b $4.3b $6.3b
Pension assets $1.0m $58.0m $61.0m $94.0m $105.0m $148.0m $222.0m
Long-term debt $140.0m $3.1b $3.1b $3.1b $3.1b $3.0b $2.3b
Retirement and nonpension postretirement benefit obligations $550.0m $856.0m $716.0m $504.0m $500.0m $483.0m $490.0m
Other noncurrent liabilities $282.0m $501.0m $449.0m $450.0m $332.0m $443.0m $1.2b
Defined Pension Benefit — — — $94.0m $105.0m $148.0m $222.0m
Long Term Debt And Capital Lease Obligation — — — $3.8b $3.7b $3.6b $2.9b
Non Current Deferred Taxes Liabilities — — — $183.0m $145.0m $187.0m $312.0m
Pensionand Other Post Retirement Benefit Plans Current — — — $533.0m $609.0m $652.0m $463.0m
Other Liabilities, Noncurrent — $282.0m — $450.0m $332.0m $443.0m $1.2b
Total liabilities $6.3b $10.5b $10.7b $10.0b $9.5b $9.1b $11.3b
Liabilities — $6.3b — $10.0b $9.5b $9.1b $11.3b
Stockholders’ equity:
Common stock, par value $0.01 per share, and additional paid-in capital (shares authorized: 1,000.0; shares issued: March 31, 2026 - 244.4, March 31, 2025 - 238.2) — $4,218,000,000.00 $4,315,000,000.00 $4,428,000,000.00 $4,524,000,000.00 $4,631,000,000.00 $4,701,000,000.00
Accumulated deficit — ($375.0m) ($605.0m) ($2.0b) ($2.3b) ($2.1b) ($1.9b)
Treasury stock, at cost (shares: March 31, 2026 - 21.7, March 31, 2025 - 7.5) — ($1.0m) ($4.0m) ($23.0m) ($45.0m) ($184.0m) ($582.0m)
Accumulated other comprehensive income (loss) ($1.1b) ($1.1b) ($1.1b) ($1.1b) ($1.1b) ($1.2b) ($1.1b)
Common Stock Equity — — — $1.4b $1.0b $1.2b $1.2b
Capital Stock — — — $4.4b $4.5b $4.6b $4.7b
Common Stock — — — $4.4b $4.5b $4.6b $4.7b
Gains Losses Not Affecting Retained Earnings — — — ($1.1b) ($1.1b) ($1.2b) ($1.1b)
Retained Earnings — — — ($2.0b) ($2.3b) ($2.1b) ($1.9b)
Treasury Stock — — — $23.0m $45.0m $184.0m $582.0m
Retained Earnings (Accumulated Deficit) — — — ($2.0b) ($2.3b) ($2.1b) ($1.9b)
Accumulated Other Comprehensive Income (Loss), Net of Tax — ($1.1b) — ($1.1b) ($1.1b) ($1.2b) ($1.1b)
Stockholders' Equity Attributable to Parent — $4.9b — $1.4b $1.0b $1.2b $1.2b
Minority Interest — — — $97.0m $107.0m $113.0m $117.0m
Stockholders' Equity Attributable to Noncontrolling Interest — $58.0m — $97.0m $107.0m $113.0m $117.0m
Total Equity Gross Minority Interest — — — $1.5b $1.1b $1.3b $1.3b
Total Non Current Liabilities Net Minority Interest — — — $5.1b $4.9b $4.8b $5.0b
Total stockholders' equity before non-controlling interests $4.9b $2.7b $2.6b $1.4b $1.0b $1.2b $1.2b
Total liabilities and equity $11.2b $13.2b $13.4b $11.5b $10.6b $10.5b $12.6b
Liabilities and Equity — $11.2b — $11.5b $10.6b $10.5b $12.6b

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.