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Filing Flows › Kyndryl Holdings (KD) › Q1 FY27 › vs Q4 FY26

Kyndryl Holdings (KD) Q1 FY27 vs Q4 FY26 (quarter over quarter)

Kyndryl Holdings's revenue fell $151M (-4%) from $3.8B in Q4 FY26 to $3.6B in Q1 FY27. The biggest changes: United States −$62.0M (-6%); Strategic Markets −$48.0M (-5%); Japan −$22.0M (-4%).

Kyndryl Holdings, Q1 FY27: revenue $3.6B (-3% year over year), operating margin -1.9%, net loss $55.0M, operating cash flow −$310M. The chart draws each line against Q4 FY26, the increases inside each band.

Kyndryl Holdings: what changed, Q1 FY27 vs Q4 FY26Kyndryl Holdings: what changed, Q1 FY27 vs Q4 FY26Operating cash sources$826MCash used in operations$808MWorking capital & other$754MOther operating costs$138MIncome tax benefit$129MCosts & expenses−$82.0MCost of revenue−$78.0MNet loss$72.0MNet loss absorbed$72.0MUnited States−$62.0M

Every line

LineQ1 FY27Q4 FY26Change%
Principal Markets$1.3B$1.3B−$18.0M-1%
United States$954M$1.0B−$62.0M-6%
Strategic Markets$868M$916M−$48.0M-5%
Japan$534M$556M−$22.0M-4%
Revenue$3.6B$3.8B−$151M-4%
Income tax benefit$14.0M−$115M$129M—
Net loss$55.0M−$17.0M$72.0M—
Costs & expenses$3.7B$3.8B−$82.0M-2%
Operating costs$3.7B$3.6B$50.0M+1%
Cost of revenue$2.8B$2.9B−$78.0M-3%
SG&A$668M$678M−$10.0M-1%
Other operating costs$177M$39.0M$138M+354%
Operating cash sources$520M−$306M$826M—
Depreciation & amortization$189M$192M−$3.0M-2%
Share-based compensation$21.0M$0$21.0M—
Cash used in operations$310M−$498M$808M—
Net loss absorbed$55.0M−$17.0M$72.0M—
Working capital & other$465M−$289M$754M—

Questions

How much did Kyndryl Holdings's revenue grow quarter over quarter in Q1 FY27?

Kyndryl Holdings's revenue fell $151M (-4%) from $3.8B in Q4 FY26 to $3.6B in Q1 FY27.

What drove Kyndryl Holdings's revenue change in Q1 FY27?

United States −$62.0M (-6%); Strategic Markets −$48.0M (-5%); Japan −$22.0M (-4%).

Q1 FY27 results → · Compare in the interactive Sankey →