International Business Machines Corporation (IBM)
NYSE: IBM · Real-Time Price · USD
299.00
+9.48 (3.27%)
Jul 6, 2026, 12:15 PM EDT - Market open
IBM Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
| 68,911 | 67,535 | 62,753 | 61,860 | 60,530 | 57,350 | |
Revenue Growth (YoY) | 9.67% | 7.62% | 1.44% | 2.20% | 5.54% | 3.93% |
Cost of Revenue | 28,697 | 28,239 | 27,201 | 27,560 | 27,842 | 25,865 |
Gross Profit | 40,215 | 39,297 | 35,551 | 34,300 | 32,687 | 31,486 |
Selling, General & Admin | 20,326 | 20,123 | 19,688 | 19,003 | 18,609 | 18,745 |
Research & Development | 8,539 | 8,316 | 7,479 | 6,775 | 6,567 | 6,488 |
Other Operating Expenses | -1,162 | -1,406 | 875 | -1,774 | 5,140 | 261 |
Total Operating Expenses | 27,703 | 27,033 | 28,042 | 24,004 | 30,316 | 25,494 |
Operating Income | 12,512 | 12,264 | 7,509 | 10,296 | 2,371 | 5,992 |
Interest Expense | -1,953 | -1,935 | -1,712 | -1,607 | -1,216 | -1,155 |
Total Non-Operating Income (Expense) | -1,953 | -1,935 | -1,712 | -1,607 | -1,216 | -1,155 |
Pretax Income | 10,557 | 10,328 | 5,797 | 8,690 | 1,156 | 4,837 |
Provision for Income Taxes | -173 | -242 | -218 | 1,176 | -626 | 124 |
Net Income | 10,732 | 10,571 | 6,015 | 7,514 | 1,783 | 4,712 |
Earnings From Discontinued Operations | 22 | 22 | 8 | -12 | -143 | 1,030 |
Net Income to Common | 10,754 | 10,593 | 6,023 | 7,502 | 1,639 | 5,743 |
Net Income Growth | 96.49% | 75.88% | -19.71% | 357.72% | -71.46% | 2.74% |
Shares Outstanding (Basic) | 935 | 932 | 922 | 911 | 903 | 896 |
Shares Outstanding (Diluted) | 950 | 949 | 937 | 922 | 912 | 905 |
Shares Change (YoY) | 1.49% | 1.23% | 1.64% | 1.07% | 0.84% | 0.90% |
EPS (Basic) | 11.51 | 11.36 | 6.53 | 8.23 | 1.82 | 5.26 |
EPS (Diluted) | 11.31 | 11.17 | 6.43 | 8.14 | 1.80 | 5.21 |
EPS Growth | 94.00% | 73.72% | -21.01% | 352.22% | -65.45% | 18.95% |
Free Cash Flow | 11,663 | 12,102 | 12,397 | 12,686 | 9,089 | 10,734 |
Free Cash Flow Growth | -3.63% | -2.38% | -2.28% | 39.57% | -15.32% | -31.10% |
Free Cash Flow Per Share | 12.27 | 12.76 | 13.23 | 13.76 | 9.96 | 11.87 |
Dividends Per Share | 6.720 | 6.710 | 6.670 | 6.630 | 6.590 | 6.550 |
Dividend Growth | 0.15% | 0.60% | 0.60% | 0.61% | 0.61% | 0.61% |
Gross Margin | 58.36% | 58.19% | 56.65% | 55.45% | 54.00% | 54.90% |
Operating Margin | 18.16% | 18.16% | 11.97% | 16.64% | 3.92% | 10.45% |
Profit Margin | 15.57% | 15.65% | 9.59% | 12.15% | 2.95% | 8.22% |
FCF Margin | 16.92% | 17.92% | 19.76% | 20.51% | 15.02% | 18.72% |
EBITDA | 21,527 | 17,285 | 12,176 | 14,692 | 7,173 | 12,409 |
EBITDA Margin | 31.24% | 25.59% | 19.40% | 23.75% | 11.85% | 21.64% |
EBIT | 12,512 | 12,264 | 7,509 | 10,296 | 2,371 | 5,992 |
EBIT Margin | 18.16% | 18.16% | 11.97% | 16.64% | 3.92% | 10.45% |
Effective Tax Rate | -1.64% | -2.34% | -3.76% | 13.53% | -54.15% | 2.56% |