What is Kyndryl Holdings's net debt?

Kyndryl Holdings (KD) reported net debt of $2.53B in Q1 2026.

How has Kyndryl Holdings's net debt changed year-over-year?

Kyndryl Holdings's net debt increased by 4.4% year-over-year, from $2.42B to $2.53B.

What is the long-term trend for Kyndryl Holdings's net debt?

Over 4 years (2022 to 2026), Kyndryl Holdings's net debt has grown at a -0.8% compound annual growth rate (CAGR), from $2.61B to $2.53B.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Kyndryl Holdings KD Net debt

Discontinued — last reported Q4 '26

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Other financials

Income statement

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Revenue$3.8B-0.8%

Gross profit$849.0M+2.9%

Net income$17.0M-75.4%

EPS (diluted)$0.08-71.4%

Balance sheet

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Cash & equivalents$2.6B+46.9%

Total debt$5.2B+22.4%

Total equity$1.2B-3.6%

Total assets$12.6B+20.1%

Cash flow

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Operating cash flow$498.0M-14.3%

CapEx$116.0M-51.7%

Free cash flow$382.0M+12.0%

Valuation

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Market cap$2.45B-59.5%

Enterprise value$4.98B-43.6%

P/E12.4×-11.7×

P/S0.2×-0.2×

Profitability

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Gross margin21.8%+0.9pp

Net margin1.3%-0.4pp

FCF margin-3%—

Returns & leverage

See full

Return on equity16.5%-6.0pp

Debt / equity4.4×+0.9×

Current ratio0.9×-0.2×

Where this comes from

Calculated from Kyndryl Holdings’s reported figures.

$5.2Btotal debt−$2.6Bcash and equivalents=$2.53B

The official record: Kyndryl Holdings’s 10-K, filed May 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Kyndryl Holdings's net debt?: Kyndryl Holdings (KD) reported net debt of $2.53B in Q1 2026.
How has Kyndryl Holdings's net debt changed year-over-year?: Kyndryl Holdings's net debt increased by 4.4% year-over-year, from $2.42B to $2.53B.
What is the long-term trend for Kyndryl Holdings's net debt?: Over 4 years (2022 to 2026), Kyndryl Holdings's net debt has grown at a -0.8% compound annual growth rate (CAGR), from $2.61B to $2.53B.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.