---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-007064"
form_type: "8-K"
ticker: "KD"
cik: "0001867072"
company_name: "Kyndryl Holdings, Inc."
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T20:41:55.633958+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Kyndryl Q4 net loss $45M, adj. pretax income $30M; FY2025 adj. pretax income target at least $435M

## Summary
- Q4 revenue $3.8B (-10% YoY); FY revenue $16.1B (-6% YoY) due to reducing low-margin content.
- Q4 adj. EBITDA $566M (+19% YoY); FY adj. EBITDA $2.4B (+20% YoY).
- FY2025 outlook: constant-currency revenue decline 2-4%, adj. EBITDA margin ≥16.2%, adj. pretax income ≥$435M.
- Alliances revenue from hyperscalers >$500M in FY2024 (triple prior year); Kyndryl Consult revenue +15% YoY.
- Annualized savings: Advanced Delivery ~$575M, Accounts initiative $600M; margins on signings ~10pp above FY2023 adj. pretax margin.

## SEC filing metadata
- accession: 0001558370-24-007064
- form_type: 8-K
- ticker: KD
- cik: 0001867072
- company_name: Kyndryl Holdings, Inc.
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1867072/000155837024007064/0001558370-24-007064-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1867072/000155837024007064/kd-20240507x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-007064
- JSON: https://secwatch.observer/filing/0001558370-24-007064.json
- Plain text: https://secwatch.observer/filing/0001558370-24-007064.txt

## Key facts
- Earnings Releases
  Kyndryl Holdings, Inc. reported for the fiscal year ended March 31, 2024 results: revenue $16.1 billion, net income $340 million, or ($1.48) per diluted share, EPS ($1.48) per diluted share.
  - Period: for the fiscal year ended March 31, 2024
  - Revenue: $16.1 billion
  - Net income: $340 million, or ($1.48) per diluted share
  - EPS: ($1.48) per diluted share
  - Result: reported results
  source text: For the fiscal year ended March 31, 2024, Kyndryl reported revenues of $16.1 billion
  evidence_url: https://www.sec.gov/Archives/edgar/data/1867072/000155837024007064/0001558370-24-007064-index.htm
- Earnings Releases
  Kyndryl Holdings, Inc. updated its fiscal year 2025 guidance (reaffirmed).
  - Period: fiscal year 2025
  - Guidance: reaffirmed
  - Result: guidance update
  source text: Kyndryl is providing the following outlook for its fiscal year 2025
  evidence_url: https://www.sec.gov/Archives/edgar/data/1867072/000155837024007064/0001558370-24-007064-index.htm
- Earnings Releases
  Kyndryl Holdings, Inc. reported for the quarter ended March 31, 2024, the fourth quarter of its 2024 fiscal year results: revenue $3.8 billion, net income $45 million, or ($0.20) per diluted share, EPS ($0.20) per diluted share.
  - Period: for the quarter ended March 31, 2024, the fourth quarter of its 2024 fiscal year
  - Revenue: $3.8 billion
  - Net income: $45 million, or ($0.20) per diluted share
  - EPS: ($0.20) per diluted share
  - Result: reported results
  source text: a filing. ​ --- EX-99.1 (EX-99.1) --- ​ ​ ​ Exhibit 99.1 ​ ​ KYNDRYL REPORTS FOURTH QUARTER AND FULL-YEAR 2024 RESULTS ● Revenues for the quarter ended March 31, 2024 total $3.8 billion, pretax loss is $4 million, net loss is $45 million, adjusted EBITDA is $566 million, and adjusted pretax income is $30 million ● Fiscal year 2024 revenues total $16.1 billion,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1867072/000155837024007064/0001558370-24-007064-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.