Kyndryl Holdings, Inc cash flow statement KD

Annual Quarterly

In Q2 of fiscal 2027, the quarter ended Sep 30, 2026, Kyndryl Holdings, Inc generated $173.0 million of cash from operations. It spent $214.0 million on capital expenditures. Free cash flow was negative, at -$41.0 million. The company returned $33.0 million in share buybacks to shareholders.

USD in millions, except per-share amounts and ratios. The percent under a figure is the change from the same quarter a year earlier.

Line	TTM Sep 30, 2026	Q2 FY2027 Sep 30, 2026	Q1 FY2027 Jun 30, 2026	Q2 FY2025 Sep 30, 2025	Q1 FY2026 Jun 30, 2025	Q4 FY2025 Mar 31, 2025	Q3 FY2025 Dec 31, 2024	Q1 FY2025 Jun 30, 2024	Q4 FY2024 Mar 31, 2024
Operating
Depreciation and amortization	—	189	183 -4.2%	193 -12.3%	191 +50.4%	189 -3.1%	195 -5.8%	127 -39.5%	195 -11.0%
Stock-based compensation	—	22	21 -12.5%	26 +4.0%	24 +0.0%	22 -4.3%	29 +16.0%	24 +9.1%	23 -28.1%
Operating cash flow	—	173	-310 -150.0%	70 +52.2%	-124 -158.3%	581 +300.7%	339 -22.2%	-48 +72.3%	145 +1108.3%
Investing
Capital expenditures	—	214	149 +4.2%	150 -14.3%	143 +17.2%	240 +18.8%	93 -46.6%	122 +22.0%	202 +31.2%
Investing cash flow	—	-519	-49 +33.8%	-30 +68.4%	-74 +55.4%	-205 -1.0%	-3 +97.9%	-166 -46.9%	-203 -49.3%
Financing
Debt repaid	—	36	52 +44.4%	32 -13.5%	36 -5.3%	40 -92.6%	38 +5.6%	38 +26.7%	541 +1445.7%
Stock buybacks	—	33	64 +3.2%	151	62	63	121	—	—
Financing cash flow	—	-90	-152 +10.6%	-259 -516.7%	-170 -233.3%	-114 -142.6%	138 +420.9%	-51 -34.2%	-47 -14.6%
Change in cash
Effect of exchange rate	—	-2	-4 -108.7%	47 +361.1%	46 +370.6%	23 +171.9%	-69 -346.4%	-17 -13.3%	-32 -455.6%
Net change in cash	—	-438	-515 -59.4%	-172 -57.8%	-323 -14.9%	284 +307.3%	404 +44.8%	-281 +17.1%	-137 +12.2%
Free cash flow	—	-41	-459 -71.9%	-80 +38.0%	-267 -57.1%	341 +698.2%	246 -6.1%	-170 +37.7%	-57 +59.9%
Per share
Free cash flow per share	—	-0.19	-2.08 -86.3%	-0.34 +39.8%	-1.12 -54.9%	1.41 +669.9%	1.02 -10.4%	-0.72 +39.8%	-0.25 +60.3%
Dividend per share	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Shareholder returns
Returned to shareholders	—	33	64	151	62	63	121	—	—
Share of free cash flow	—	—	—	—	—	18.48%	49.19%	—	—
Ratios
Free cash flow margin	—	-1.12%	-12.69%	-2.15%	-7.13%	8.97%	6.57%	-4.55%	-1.48%
Capital expenditures to revenue	—	5.86%	4.12%	4.03%	3.82%	6.32%	2.48%	3.26%	5.25%
Stock-based compensation to revenue	—	0.60%	0.58%	0.70%	0.64%	0.58%	0.77%	0.64%	0.60%
Cash conversion	—	2.93x	—	1.03x	-2.21x	8.42x	1.58x	-4.36x	—

How these figures are calculated

Quarterly columns are single-quarter amounts. When a 10-Q reports only a year-to-date total, as cash flow statements do, the quarter is that total minus the previous quarter's year-to-date total. The fourth quarter is the annual report's full year minus the first nine months. A column marked YTD is a year-to-date total, shown when the earlier report needed for the single quarter is missing. USD in millions, except per-share amounts and ratios. Capital expenditures, debt repaid, dividends, and buybacks are positive amounts. Investing and financing cash flow keep the filing sign, so an outflow is negative. Free cash flow is operating cash flow minus capital expenditures. The first column is the trailing twelve months through the latest quarter. Returned to shareholders is dividends plus buybacks. Free cash flow margin, capital expenditures, and stock-based compensation are divided by revenue. Cash conversion is operating cash flow divided by net income. More on our methodology.

Company profile

Industry: Services-Computer Integrated Systems Design (SIC 7373)
Listed as: KD (NYSE)
Fiscal year ends: March 31
Incorporated in: DE
Headquarters: New York, NY
SEC filer status: Large accelerated filer
SEC CIK: 1867072
Former names: Kyndryl Holdings, LLC (until Aug 31, 2021)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.