International Business Machines Corporation (FRA:IBM)

FRA:IBM Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	64,003	62,044	61,123	59,879	56,571	54,195
Other Revenue	1,400	709	737	651	780	984
Revenue	65,403	62,753	61,860	60,530	57,351	55,179
Revenue Growth (YoY)	4.51%	1.44%	2.20%	5.54%	3.94%	-4.39%
Cost of Revenue	27,225	26,832	27,178	27,436	25,331	23,737
Gross Profit	37,809	35,552	34,300	32,688	31,486	30,865
Selling, General & Admin	18,914	19,281	18,482	19,263	20,027	20,561
Research & Development	8,096	7,479	6,775	6,567	6,488	6,262
Other Operating Expenses	-987	-996	-860	-663	-612	-620
Operating Expenses	26,023	25,764	24,397	25,167	25,903	26,203
Operating Income	11,786	9,788	9,903	7,521	5,583	4,662
Interest Expense	-1,881	-1,712	-1,607	-1,216	-1,155	-1,288
Interest & Investment Income	747	747	670	162	52	-
Currency Exchange Gain (Loss)	20	20	-69	500	-1	-12
Other Non Operating Income (Expenses)	-599	261	180	103	225	-790
EBT Excluding Unusual Items	10,073	9,104	9,077	7,070	4,704	2,572
Merger & Restructuring Charges	-819	-819	-471	-	-	-
Gain (Loss) on Sale of Investments	20	20	39	-278	133	-
Gain (Loss) on Sale of Assets	605	605	45	258	-	-
Other Unusual Items	-388	-3,113	-	-5,894	-	-
Pretax Income	9,491	5,797	8,690	1,156	4,837	2,572
Income Tax Expense	1,572	-218	1,176	-626	124	-1,360
Earnings From Continuing Operations	7,919	6,015	7,514	1,782	4,713	3,932
Earnings From Discontinued Operations	-12	8	-12	-143	1,030	1,658
Net Income	7,907	6,023	7,502	1,639	5,743	5,590
Net Income to Common	7,907	6,023	7,502	1,639	5,743	5,590
Net Income Growth	23.61%	-19.71%	357.72%	-71.46%	2.74%	-40.73%
Shares Outstanding (Basic)	930	922	911	903	896	890
Shares Outstanding (Diluted)	946	937	922	912	905	897
Shares Change (YoY)	1.77%	1.64%	1.07%	0.84%	0.90%	0.42%
EPS (Basic)	8.50	6.53	8.23	1.82	6.41	6.28
EPS (Diluted)	8.36	6.43	8.14	1.79	6.35	6.23
EPS Growth	21.27%	-21.00%	353.76%	-71.75%	1.86%	-40.98%
Free Cash Flow	12,473	12,397	12,686	9,089	10,734	15,579
Free Cash Flow Per Share	13.18	13.23	13.76	9.96	11.87	17.38
Dividend Per Share	1.670	6.670	6.630	6.590	6.550	6.510
Dividend Growth	-74.92%	0.60%	0.61%	0.61%	0.61%	1.24%
Gross Margin	57.81%	56.65%	55.45%	54.00%	54.90%	55.94%
Operating Margin	18.02%	15.60%	16.01%	12.43%	9.74%	8.45%
Profit Margin	12.09%	9.60%	12.13%	2.71%	10.01%	10.13%
Free Cash Flow Margin	19.07%	19.75%	20.51%	15.02%	18.72%	28.23%
EBITDA	15,054	12,886	12,739	10,775	11,309	11,357
EBITDA Margin	23.02%	20.53%	20.59%	17.80%	19.72%	20.58%
D&A For EBITDA	3,268	3,098	2,836	3,254	5,726	6,695
EBIT	11,786	9,788	9,903	7,521	5,583	4,662
EBIT Margin	18.02%	15.60%	16.01%	12.43%	9.74%	8.45%
Effective Tax Rate	16.56%	-	13.53%	-	2.56%	-
Revenue as Reported	65,403	62,753	61,860	60,530	57,350	55,179
Advertising Expenses	-	1,173	1,237	1,330	1,413	1,509

Source: S&P Global Market Intelligence. Standard template. Financial Sources.