Company: KD
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001558370-25-010303
Chunk: 3

Company: Kyndryl Holdings, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1C
Chunk 3
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Part I - Financial Information

Item 1. Consolidated Financial Statements (Unaudited):

KYNDRYL HOLDINGS, INC.CONSOLIDATED INCOME STATEMENT(In millions, except per share amounts)(Unaudited)

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​​​​​​​​​Three Months Ended June 30, ​    2025    2024Revenues​$ 3,743​$  3,739​​​​​​​Cost of services​$ 2,947​$  2,934Selling, general and administrative expenses​​ 646​​ 657Workforce rebalancing charges​​ 25​​ 36Transaction-related costs​​ —​​ 20Interest expense​​ 19​​ 28Other expense​​ 13​​ —Total costs and expenses​$ 3,651​$  3,675​​​​​​​Income before income taxes​$ 92​$  64Provision for income taxes ​$ 36​$  53Net income​$ 56​$  11​​​​​​​Basic earnings per share​$ 0.24​$ 0.05Diluted earnings per share​$ 0.23​$ 0.05​​​​​​​Weighted-average basic shares outstanding​​ 230.2​​ 230.5Weighted-average diluted shares outstanding​​ 239.1​​ 235.8

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The accompanying notes are an integral part of the financial statements.

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