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Kyndryl Holdings (Kyndryl Holdings) Gross Profit : $2,790 Mil (TTM As of Dec. 2023)


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What is Kyndryl Holdings Gross Profit?

Kyndryl Holdings's gross profit for the three months ended in Dec. 2023 was $752 Mil. Kyndryl Holdings's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $2,790 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Kyndryl Holdings's gross profit for the three months ended in Dec. 2023 was $752 Mil. Kyndryl Holdings's Revenue for the three months ended in Dec. 2023 was $3,936 Mil. Therefore, Kyndryl Holdings's Gross Margin % for the quarter that ended in Dec. 2023 was 19.11%.

Kyndryl Holdings had a gross margin of 19.11% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

During the past 5 years, the highest Gross Margin % of Kyndryl Holdings was 16.95%. The lowest was 11.29%. And the median was 11.74%.


Kyndryl Holdings Gross Profit Historical Data

The historical data trend for Kyndryl Holdings's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Kyndryl Holdings Gross Profit Chart

Kyndryl Holdings Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Mar23
Gross Profit
2,558.00 2,597.00 2,215.00 2,107.00 2,528.00

Kyndryl Holdings Quarterly Data
Dec18 Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Gross Profit Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 707.00 643.00 744.00 651.00 752.00

Competitive Comparison of Kyndryl Holdings's Gross Profit

For the Information Technology Services subindustry, Kyndryl Holdings's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Kyndryl Holdings's Gross Profit Distribution in the Software Industry

For the Software industry and Technology sector, Kyndryl Holdings's Gross Profit distribution charts can be found below:

* The bar in red indicates where Kyndryl Holdings's Gross Profit falls into.



Kyndryl Holdings Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Kyndryl Holdings's Gross Profit for the fiscal year that ended in Mar. 2023 is calculated as

Gross Profit (A: Mar. 2023 )=Revenue - Cost of Goods Sold
=17026 - 14498
=2,528

Kyndryl Holdings's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )=Revenue - Cost of Goods Sold
=3936 - 3184
=752

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,790 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Kyndryl Holdings's Gross Margin % for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )=Gross Profit (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=(Revenue - Cost of Goods Sold) / Revenue
=752 / 3936
=19.11 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Kyndryl Holdings  (NYSE:KD) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Kyndryl Holdings had a gross margin of 19.11% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage


Kyndryl Holdings Gross Profit Related Terms

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Kyndryl Holdings (Kyndryl Holdings) Business Description

Address
One Vanderbilt Avenue, 15th Floor, New York, NY, USA, 10017
Kyndryl Holdings Inc is a technology services and infrastructure services provider company. It provides advisory, implementation, and managed services across a range of technology domains to help customers manage and modernize enterprise IT environments in support of their business and transformation objectives.
Executives
Elly Keinan officer: Group President ONE NEW ORCHARD ROAD, ARMONK NY 10504
Martin J Schroeter director, officer: Chief Executive Officer IBM CORPORATION, ONE NEW ORCHARD ROAD, ARMONK NY 10504
David B Wyshner officer: CFO & Treasurer C/O XPO LOGISTICS, INC., FIVE AMERICAN LANE, GREENWICH CT 06831
Denis Machuel director ONE NEW ORCHARD ROAD, ARMONK NY 10504
Hester Stephen A. M. director ONE NEW ORCHARD ROAD, ARMONK NY 10504
Howard I Ungerleider director 2211 H.H. DOW WAY, MIDLAND MI 48674
Goldman Sachs Group Inc 10 percent owner 200 WEST STREET, NEW YORK NY 10282
International Business Machines Corp director, 10 percent owner 1 NEW ORCHARD RD, ARMONK NY 10504
Goldman Sachs & Co. Llc 10 percent owner 200 WEST STREET, NEW YORK NY 10282
John D Harris director C/O FLEXTRONICS INTERNATIONAL USA, INC., 6201 AMERICA CENTER DRIVE, SAN JOSE CA 95002
Edward Sebold officer: General Counsel and Secretary ONE NEW ORCHARD ROAD, ARMONK NY 10504
Vineet Khurana officer: Vice President & Controller ONE NEW ORCHARD ROAD, ARMONK NY 10504
Janina Kugel director ONE NEW ORCHARD ROAD, ARMONK NY 10504
Rahul N Merchant director C/O EMULEX CORPORATION, 3333 SUSAN STREET, COSTA MESA CA 92626
Shirley A Jackson director 110 8TH STREEET, TROY NY 12180-3590