International Business Machines Corporation (IBM)
NYSE: IBM · Real-Time Price · USD
261.48
-3.26 (-1.23%)
Feb 21, 2025, 4:00 PM EST - Market closed

IBM Income Statement

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 2019 - 2015
Period Ending
Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 2019 - 2015
Operating Revenue
47,77761,12359,87956,57154,195
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Other Revenue
14,976737651780984
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Revenue
62,75361,86060,53057,35155,179
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Revenue Growth (YoY)
1.44%2.20%5.54%3.94%-4.39%
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Cost of Revenue
27,20227,17827,43625,33123,737
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Gross Profit
35,55134,30032,68831,48630,865
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Selling, General & Admin
20,03218,48225,09020,02720,561
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Research & Development
7,4796,7756,5676,4886,262
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Other Operating Expenses
-996-852-642-612-620
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Operating Expenses
26,51524,40531,01525,90326,203
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Operating Income
9,0369,8951,6735,5834,662
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Interest Expense
-1,712-1,607-1,216-1,155-1,288
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Interest & Investment Income
-67016252-
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Currency Exchange Gain (Loss)
--69500-1-12
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Other Non Operating Income (Expenses)
1,5732256,256225-790
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EBT Excluding Unusual Items
8,8979,1147,3754,7042,572
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Merger & Restructuring Charges
--471-68--
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Gain (Loss) on Sale of Investments
-39-278133-
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Gain (Loss) on Sale of Assets
-821--
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Other Unusual Items
-3,100--5,894--
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Pretax Income
5,7978,6901,1564,8372,572
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Income Tax Expense
-2181,176-626124-1,360
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Earnings From Continuing Operations
6,0157,5141,7824,7133,932
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Earnings From Discontinued Operations
8-12-1431,0301,658
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Net Income
6,0237,5021,6395,7435,590
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Net Income to Common
6,0237,5021,6395,7435,590
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Net Income Growth
-19.71%357.72%-71.46%2.74%-40.73%
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Shares Outstanding (Basic)
922911903896890
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Shares Outstanding (Diluted)
937922912905897
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Shares Change (YoY)
1.64%1.07%0.84%0.90%0.42%
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EPS (Basic)
6.538.231.826.416.28
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EPS (Diluted)
6.438.141.796.356.23
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EPS Growth
-21.00%353.76%-71.75%1.86%-40.97%
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Free Cash Flow
11,91812,6869,08910,73415,579
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Free Cash Flow Per Share
12.7213.769.9611.8717.38
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Dividend Per Share
6.6706.6306.5906.5506.510
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Dividend Growth
0.60%0.61%0.61%0.61%1.24%
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Gross Margin
56.65%55.45%54.00%54.90%55.94%
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Operating Margin
14.40%16.00%2.76%9.73%8.45%
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Profit Margin
9.60%12.13%2.71%10.01%10.13%
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Free Cash Flow Margin
18.99%20.51%15.02%18.72%28.23%
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EBITDA
13,70314,2916,47512,00011,357
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EBITDA Margin
21.84%23.10%10.70%20.92%20.58%
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D&A For EBITDA
4,6674,3964,8026,4176,695
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EBIT
9,0369,8951,6735,5834,662
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EBIT Margin
14.40%16.00%2.76%9.73%8.45%
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Effective Tax Rate
-13.53%-2.56%-
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Revenue as Reported
62,75361,86060,53057,35055,179
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Advertising Expenses
-1,2371,3301,4131,509
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Source: S&P Capital IQ. Standard template. Financial Sources.