Kyndryl Holdings, Inc. (KD) Revenue History
Annual and quarterly revenue from 2020 to present
KD Revenue Over Time (2020–2026)
KD Revenue Growth History
1 of 6 years with positive growth- FY2020 revenue growth
- N/A
- FY2021 revenue growth
- -8.0%
- FY2022 revenue growth
- +0.0%
- FY2023 revenue growth
- -8.7%
- FY2024 revenue growth
- -5.7%
- FY2025 revenue growth
- -6.2%
- FY2026 revenue growth
- +0.2%
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2026 | $3.77B | -0.8% |
| Q3 2026 | $3.86B | +3.1% |
| Q2 2026 | $3.72B | -1.4% |
| Q1 2026 | $3.74B | +0.1% |
| Q4 2025 | $3.80B | -1.3% |
| Q3 2025 | $3.74B | -0.8% |
| Q2 2025 | $3.77B | +0.9% |
| Q1 2025 | $3.74B | -10.8% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
KD's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
KD Revenue Analysis (2020–2026)
Current Revenue & Growth
As of June 22, 2026, Kyndryl Holdings, Inc. (KD) generated trailing twelve-month (TTM) revenue of $15.09 billion, reflecting slight decline in growth of -0.8% year-over-year. The most recent quarter (Q4 2026) recorded $3.77 billion in revenue, down 2.3% sequentially.
Historical Growth Trajectory
KD's 5-year compound annual growth rate (CAGR) stands at -4.2%, indicating revenue contraction over this period. The 3-year CAGR of -3.9% is in line with the 5-year average, suggesting consistent growth. Kyndryl Holdings, Inc.'s highest annual revenue of $20.28 billion was recorded in 2020.
Revenue by Segment
KD's revenue is primarily driven by Principal Markets (35%), United States (26%), and Strategic Markets (24%). The diversified mix across segments reduces dependence on any single product line, which can support more resilient revenue in downturns.
Peer Comparison
Compared to Technology sector peers — including DXC (-1.8% YoY), LDOS (+2.5% YoY), and SAIC (-2.9% YoY) — KD has underperformed the peer group in revenue growth. Compare KD vs DXC →
KD Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| KDCurrent | $15.1B | -0.8% | -4.2% | 4.2% | |
 DXC | $12.6B | -1.8% | -4.9% | 2.0% | |
 LDOS | $17.2B | +2.5% | +6.9% | 12.3% | |
 SAIC | $7.3B | -2.9% | +0.6% | 7.2% | |
 CSCO | $56.7B | +9.2% | +2.8% | 20.8% | |
 UIS | $2.0B | +0.1% | -0.8% | 6.8% |
KD Historical Revenue Data (2020–2026)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2026 | $15.09B | +0.2% | $3.29B | 21.8% | $635.0M | 4.2% |
| 2025 | $15.06B | -6.2% | $3.14B | 20.9% | $552.0M | 3.7% |
| 2024 | $16.05B | -5.7% | $2.86B | 17.8% | $90.0M | 0.6% |
| 2023 | $17.03B | -8.7% | $2.53B | 14.8% | $-386,000,000 | -2.3% |
| 2022 | $18.66B | +0.0% | $2.11B | 11.3% | $-669,000,000 | -3.6% |
| 2021 | $18.66B | -8.0% | $2.11B | 11.3% | $-669,000,000 | -3.6% |
| 2020 | $20.28B | - | $2.60B | 12.8% | $-631,000,000 | -3.1% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
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Peer Comparison
Compare growth, multiples, and margins vs sector.
KD — Frequently Asked Questions
Quick answers to the most common questions about buying KD stock.
Is KD's revenue growth accelerating or slowing?
KD revenue growth is slowing. TTM revenue is $15.1B, up -0.8% year-over-year — below the 5-year CAGR of -4.2%. The deceleration suggests maturing end-markets or increased competition.
What is KD's revenue history from 2020 to 2026?
Kyndryl Holdings, Inc. (KD) revenue history spans 2020 to 2026. TTM revenue as of 2026 is $15.1B, growing at -0.8% YoY. The 5-year CAGR is -4.2%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is KD's long-term revenue growth rate (CAGR)?
Kyndryl Holdings, Inc.'s 5-year revenue CAGR of -4.2% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -0.8% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for KD.
Why does KD's quarterly revenue fluctuate?
KD quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Kyndryl Holdings, Inc.'s revenue data from 2020 to 2026 shows full historical quarterly detail on this page.
How is KD's revenue distributed by segment?
KD reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does KD's revenue compare to industry peers?
Kyndryl Holdings, Inc. (KD) with TTM revenue of $15.1B and -0.8% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.