Kyndryl Holdings (KD) Cost of Revenue (2020 - 2026)
Kyndryl Holdings' (KD) quarterly Cost of Revenue came in at $2.8 billion in Q2 2026, down 3.56% on a YoY basis from $2.9 billion in Q2 2025, and down 2.67% quarter-over-quarter from $2.9 billion in Q1 2026.
Analysis
Kyndryl Holdings (KD) Cost of Revenue (2020 - 2026) Analysis & Trends
Kyndryl Holdings (KD) has reported Cost of Revenue for 7 consecutive years, with $2.8 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Cost of Revenue fell 3.56% year-over-year to $2.8 billion; the trailing twelve-month figure through Jun 2026 stood at $11.7 billion (down 1.92% YoY), and the FY2026 full-year result was $11.8 billion, down 0.93% from the prior year.
- Cost of Revenue slipped to $2.8 billion in Q2 2026 per KD's latest filing, from $2.9 billion in the prior quarter.
- Across five years, Cost of Revenue topped out at $7.3 billion in Q3 2022 and bottomed at $2.8 billion in Q2 2026.
- Historically, Cost of Revenue has averaged $3.4 billion across 5 years, with a median of $3.0 billion in 2025.
- The sharpest annual moves came in 2023 and 2025: Cost of Revenue tumbled 53.06% in 2023, then grew 1.17% in 2025.
- Over 5 years, Cost of Revenue stood at $7.3 billion in 2022, then slumped by 56.32% to $3.2 billion in 2023, then decreased by 6.38% to $3.0 billion in 2024, then grew by 1.17% to $3.0 billion in 2025, then slipped by 5.77% to $2.8 billion in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $2.8 billion, $2.9 billion, and $3.0 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 44.95 Bn | 44.95 Bn | 1.60 Bn | 3.48 Bn |
| 2 | Cognizant Technology Solutions | 27.19 Bn | 26.14 Bn | 1.83 Bn | 3.65 Bn |
| 3 | Cgi | 15.35 Bn | 14.77 Bn | - | - |
| 4 | EPAM Systems | 6.01 Bn | 5.22 Bn | 429.57 Mn | 985.20 Mn |
| 5 | Science Applications International | 5.35 Bn | 5.22 Bn | 239.00 Mn | 1.64 Bn |
| 6 | ExlService Holdings | 5.33 Bn | 5.05 Bn | 225.96 Mn | 368.80 Mn |
| 7 | Kyndryl Holdings | 2.86 Bn | 746.87 Mn | 776.00 Mn | 2.84 Bn |
| 8 | Formula Systems (1985) | 1.98 Bn | 1.56 Bn | 158.43 Mn | 624.01 Mn |
| 9 | Innodata | 1.84 Bn | 1.59 Bn | 42.46 Mn | 49.68 Mn |
| 10 | DXC Technology | 1.79 Bn | -211.80 Mn | 611.00 Mn | 2.39 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.84 Bn |
| Mar 31, 2026 | 2.92 Bn |
| Dec 31, 2025 | 3.02 Bn |
| Sep 30, 2025 | 2.92 Bn |
| Jun 30, 2025 | 2.95 Bn |
| Mar 31, 2025 | 2.98 Bn |
| Dec 31, 2024 | 2.98 Bn |
| Sep 30, 2024 | 3.02 Bn |
| Jun 30, 2024 | 2.93 Bn |
| Mar 31, 2024 | 3.13 Bn |
| Dec 31, 2023 | 3.18 Bn |
| Sep 30, 2023 | 3.42 Bn |
| Jun 30, 2023 | 3.45 Bn |
| Sep 30, 2022 | 7.29 Bn |
| Jun 30, 2022 | 3.68 Bn |
| Dec 31, 2021 | 12.23 Bn |
| Sep 30, 2021 | 8.23 Bn |
| Jun 30, 2021 | 4.16 Bn |
| Mar 31, 2021 | 4.32 Bn |
| Dec 31, 2020 | 4.26 Bn |