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Kyndryl Holdings KD IT — Operating Lease Right Of Use Asset

Other geography segments

US
$134M
BE
$92M
FR
$81M

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Other financials

Income statement

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Revenue$3.6B-3.3%
Gross profit$776.0M-2.5%
Net income-$55.0M-198%
EPS (diluted)-$0.25-209%

Balance sheet

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Cash & equivalents$2.1B+43.9%
Total debt$4.9B+22.2%
Total equity$1.1B-13.3%
Total assets$12.0B+4.6%

Cash flow

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Operating cash flow-$310.0M-150%
CapEx$149.0M+4.2%
Free cash flow-$459.0M-71.9%

Valuation

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Market cap$3.05B-55.6%
Enterprise value$5.87B-37.7%
P/E35×+11.9×
P/S0.2×-0.2×

Profitability

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Gross margin21.8%+1.0pp
Net margin0.6%-1.4pp
FCF margin-3%-3.2pp

Returns & leverage

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Return on equity7.6%-19.1pp
Debt / equity4.6×+1.3×
Current ratio0.8×-0.2×

Where this comes from

Reported directly by Kyndryl Holdings in its filing.

Tagged under the XBRL concept us-gaap:OperatingLeaseRightOfUseAsset.

The source filing: Kyndryl Holdings’s 10-K, filed May 29, 2026.

Filed
May 29, 2026, 8:10 AM EDT
Fiscal year
FY2026
Accession
0001104659-26-067881
(Dollars in millions)At March 31, 2026At March 31, 2025
Total property and equipment, net$2,517$2,570
Operating right-of-use assets, net
United States*$179$134
Belgium8792
France8481
Italy8276
Other countries420349
Total operating right-of-use assets, net$853$731

Item 8. Financial Statements and Supplementary Data.

FAQ

What is Kyndryl Holdings's IT — operating lease right of use asset?
Kyndryl Holdings (KD) reported IT — operating lease right of use asset of $82M in Q1 2026.
How has Kyndryl Holdings's IT — operating lease right of use asset changed year-over-year?
Kyndryl Holdings's IT — operating lease right of use asset increased by 7.9% year-over-year, from $76M to $82M.
What does IT — operating lease right of use asset mean?
This metric represents the capitalized value of the right to use underlying leased assets, such as office space or data center facilities, specifically allocated to the IT services segment. It reflects the company's long-term commitment to leased infrastructure necessary for delivering managed services and modernizing client IT environments. Monitoring this asset balance provides insight into the scale of the segment's physical footprint and its reliance on leased versus owned infrastructure.

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