Kyndryl Holdings Inc (KD)

Gross profit margin

		Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022
Gross profit (ttm)	US$ in thousands	2,863,000	2,790,000	2,745,000	2,660,000	2,527,000	2,441,000	2,242,000
Revenue (ttm)	US$ in thousands	16,052,000	16,457,000	16,824,000	16,930,000	17,025,000	17,326,000	17,602,000
Gross profit margin		17.84%	16.95%	16.32%	15.71%	14.84%	14.09%	12.74%

March 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,863,000K ÷ $16,052,000K
= 17.84%

Kyndryl Holdings Inc's gross profit margin has been showing a positive trend in recent quarters. The gross profit margin increased from 12.74% in September 2022 to 17.84% in March 2024, indicating an improvement in the company's ability to generate profit from its revenue after accounting for the cost of goods sold. This steady increase may suggest better cost control, pricing strategies, or operational efficiency within the company. Overall, the rising trend in gross profit margin reflects positively on Kyndryl's profitability and operational performance.