Kyndryl Holdings (KD) Gross Margin (2020 - 2026)
Kyndryl Holdings' (KD) quarterly Gross Margin came in at 21.45% in Q2 2026, up 18.0% on a YoY basis from 18.18% in Q2 2025, and down 4.78% quarter-over-quarter from 22.53% in Q1 2026.
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Kyndryl Holdings (KD) Gross Margin (2020 - 2026) Analysis & Trends
Kyndryl Holdings (KD) has reported Gross Margin for 7 consecutive years, with 21.45% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin rose 18.0% year-over-year to 21.45%; the trailing twelve-month figure through Jun 2026 stood at 21.84% (up 103.0% YoY), and the FY2026 full-year result was 21.79%, up 92.0% from the prior year.
- Gross Margin slipped to 21.45% in Q2 2026 per KD's latest filing, from 22.53% in the prior quarter.
- Across five years, Gross Margin topped out at 22.53% in Q1 2026 and bottomed at 13.9% in Q3 2022.
- Historically, Gross Margin has averaged 19.45% across 5 years, with a median of 20.38% in 2024.
- The sharpest annual moves came in 2024 and 2025: Gross Margin surged 389 bps in 2024, then declined 26 bps in 2025.
- Over 5 years, Gross Margin stood at 13.9% in 2022, then soared by 37 bps to 19.11% in 2023, then grew by 7 bps to 20.38% in 2024, then grew by 7 bps to 21.85% in 2025, then retreated by 2 bps to 21.45% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 21.45%, 22.53%, and 21.85% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 47.37 Bn | 47.42 Bn | 1.60 Bn | 31.48% |
| 2 | Cognizant Technology Solutions | 28.16 Bn | 27.11 Bn | 1.83 Bn | 33.37% |
| 3 | Cgi | 14.44 Bn | 13.86 Bn | - | - |
| 4 | EPAM Systems | 6.04 Bn | 5.25 Bn | 429.57 Mn | 30.36% |
| 5 | ExlService Holdings | 5.56 Bn | 5.27 Bn | 225.96 Mn | 37.99% |
| 6 | Science Applications International | 5.32 Bn | 5.20 Bn | 239.00 Mn | 12.71% |
| 7 | Kyndryl Holdings | 2.86 Bn | 850.31 Mn | 776.00 Mn | 21.45% |
| 8 | Formula Systems (1985) | 1.98 Bn | 1.56 Bn | 158.43 Mn | 20.25% |
| 9 | Innodata | 1.91 Bn | 1.66 Bn | 42.46 Mn | 46.08% |
| 10 | DXC Technology | 1.86 Bn | 135.62 Mn | 611.00 Mn | 20.37% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 21.45% |
| Mar 31, 2026 | 22.53% |
| Dec 31, 2025 | 21.85% |
| Sep 30, 2025 | 21.53% |
| Jun 30, 2025 | 21.27% |
| Mar 31, 2025 | 21.71% |
| Dec 31, 2024 | 20.38% |
| Sep 30, 2024 | 19.87% |
| Jun 30, 2024 | 21.53% |
| Mar 31, 2024 | 18.60% |
| Dec 31, 2023 | 19.11% |
| Sep 30, 2023 | 15.98% |
| Jun 30, 2023 | 17.74% |
| Sep 30, 2022 | 13.90% |
| Jun 30, 2022 | 14.25% |
| Dec 31, 2021 | 11.90% |
| Sep 30, 2021 | 11.76% |
| Jun 30, 2021 | 12.40% |
| Mar 31, 2021 | 9.49% |
| Dec 31, 2020 | 13.52% |