International Business Machines Corporation (IBM)
NYSE: IBM · Real-Time Price · USD
251.60
-4.51 (-1.76%)
At close: Mar 18, 2026, 4:00 PM EDT
249.69
-1.91 (-0.76%)
Pre-market: Mar 19, 2026, 7:24 AM EDT
IBM Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 | Jun '21 Jun 30, 2021 | Mar '21 Mar 31, 2021 |
| 19,686 | 16,331 | 16,977 | 14,541 | 17,554 | 14,968 | 15,770 | 14,462 | 17,381 | 14,752 | 15,475 | 14,252 | 16,690 | 14,107 | 15,535 | 14,197 | 3,257 | 13,251 | 14,218 | 13,187 | |
Revenue Growth (YoY) | 12.14% | 9.11% | 7.65% | 0.55% | 1.00% | 1.46% | 1.91% | 1.47% | 4.14% | 4.57% | -0.39% | 0.39% | 412.43% | 6.46% | 9.26% | 7.66% | -84.01% | -24.54% | -21.55% | -24.95% |
Cost of Revenue | 7,758 | 6,970 | 7,001 | 6,510 | 7,114 | 6,548 | 6,820 | 6,719 | 7,114 | 6,729 | 6,974 | 6,743 | 7,058 | 6,677 | 7,246 | 6,862 | -2,849 | 6,145 | 6,366 | 6,160 |
Gross Profit | 11,928 | 9,360 | 9,977 | 8,031 | 10,439 | 8,420 | 8,950 | 7,742 | 10,267 | 8,023 | 8,501 | 7,509 | 9,632 | 7,430 | 8,290 | 7,335 | 6,107 | 7,106 | 7,852 | 7,027 |
Selling, General & Admin | 5,462 | 4,748 | 5,027 | 4,886 | 4,865 | 4,911 | 4,938 | 4,974 | 4,791 | 4,458 | 4,900 | 4,853 | 4,766 | 4,391 | 4,855 | 4,597 | 3,377 | 4,306 | 4,849 | 4,688 |
Research & Development | 2,187 | 2,082 | 2,097 | 1,950 | 1,967 | 1,876 | 1,840 | 1,796 | 1,748 | 1,685 | 1,687 | 1,655 | 1,604 | 1,611 | 1,673 | 1,679 | 1,625 | 1,606 | 1,641 | 1,616 |
Other Operating Expenses | -343 | -392 | -254 | -418 | -123 | 2,006 | -474 | -533 | -435 | -405 | -509 | -425 | -363 | 5,634 | -257 | 125 | -199 | 91 | 169 | 200 |
Total Operating Expenses | 7,306 | 6,438 | 6,870 | 6,418 | 6,709 | 8,793 | 6,304 | 6,237 | 6,104 | 5,738 | 6,078 | 6,083 | 6,007 | 11,636 | 6,271 | 6,401 | 4,803 | 6,003 | 6,659 | 6,504 |
Operating Income | 4,622 | 2,922 | 3,107 | 1,613 | 3,730 | -373 | 2,646 | 1,505 | 4,163 | 2,285 | 2,423 | 1,426 | 3,625 | -4,206 | 2,019 | 934 | 1,304 | 1,103 | 1,193 | 523 |
Interest Expense | -478 | -492 | -510 | -455 | -424 | -429 | -427 | -432 | -405 | -412 | -423 | -367 | -313 | -295 | -297 | -311 | -303 | -290 | -281 | -280 |
Total Non-Operating Income (Expense) | -478 | -492 | -510 | -455 | -424 | -429 | -427 | -432 | -405 | -412 | -423 | -367 | -313 | -295 | -297 | -311 | -303 | -290 | -281 | -280 |
Pretax Income | 4,143 | 2,430 | 2,597 | 1,158 | 3,306 | -802 | 2,219 | 1,074 | 3,759 | 1,873 | 2,000 | 1,058 | 3,312 | -4,501 | 1,722 | 623 | 1,061 | 813 | 912 | 244 |
Provision for Income Taxes | -1,435 | 686 | 404 | 103 | 379 | -485 | 389 | -502 | 474 | 159 | 419 | 124 | 444 | -1,287 | 257 | -39 | -241 | -224 | 101 | -160 |
Net Income | 5,600 | 1,744 | 2,194 | 1,055 | 2,914 | -330 | 1,834 | 1,605 | 3,288 | 1,704 | 1,583 | 927 | 2,710 | -3,196 | 1,392 | 733 | 2,333 | 1,130 | 1,325 | 955 |
Earnings From Discontinued Operations | 21 | 0 | 1 | 1 | -13 | -13 | 4 | 30 | 3 | -10 | 2 | -7 | -159 | 18 | -73 | 71 | 1,031 | 93 | 515 | 552 |
Net Income to Common | 5,600 | 1,744 | 2,194 | 1,055 | 2,914 | -330 | 1,834 | 1,605 | 3,288 | 1,704 | 1,583 | 927 | 2,710 | -3,196 | 1,392 | 733 | 2,333 | 1,130 | 1,325 | 955 |
Net Income Growth | 92.18% | - | 19.63% | -34.27% | -11.38% | - | 15.86% | 73.14% | 21.33% | - | 13.72% | 26.47% | 16.16% | - | 5.06% | -23.25% | 72.05% | -33.45% | -2.65% | -18.72% |
Shares Outstanding (Basic) | 937 | 934 | 931 | 928 | 926 | 924 | 920 | 917 | 915 | 913 | 910 | 907 | 916 | 904 | 901 | 899 | 898 | 897 | 895 | 894 |
Shares Outstanding (Diluted) | 952 | 949 | 948 | 945 | 942 | 924 | 934 | 933 | 927 | 924 | 919 | 918 | 906 | 904 | 911 | 909 | 907 | 906 | 904 | 902 |
Shares Change (YoY) | 1.06% | 2.74% | 1.45% | 1.28% | 1.63% | -0.01% | 1.63% | 1.70% | 2.37% | 2.17% | 0.96% | 0.95% | -0.09% | -0.21% | 0.72% | 0.83% | 0.22% | 0.97% | 1.07% | 0.75% |
EPS (Basic) | 5.98 | 1.87 | 2.36 | 1.14 | 3.15 | -0.34 | 1.99 | 1.75 | 3.59 | 1.87 | 1.74 | 1.02 | 2.99 | -3.54 | 1.54 | 0.74 | 2.62 | 1.25 | 1.47 | 1.07 |
EPS (Diluted) | 5.88 | 1.84 | 2.31 | 1.12 | 3.09 | -0.34 | 1.96 | 1.72 | 3.55 | 1.84 | 1.72 | 1.01 | 2.96 | -3.54 | 1.53 | 0.73 | 2.57 | 1.26 | 1.48 | 1.06 |
EPS Growth | 90.29% | - | 17.86% | -34.88% | -12.96% | - | 13.95% | 70.30% | 19.93% | - | 12.42% | 38.36% | 15.17% | - | 3.38% | -31.13% | 70.20% | -33.68% | -3.27% | -19.70% |
Free Cash Flow | 3,108 | 2,427 | 1,191 | 4,126 | 3,605 | 2,695 | 1,446 | 3,929 | 3,863 | 2,775 | 2,274 | 3,474 | 3,056 | 1,584 | 982 | 2,967 | 1,594 | 2,155 | 2,065 | 4,420 |
Free Cash Flow Growth | -13.79% | -9.94% | -17.64% | 5.01% | -6.68% | -2.88% | -36.41% | 13.10% | 26.41% | 75.19% | 131.57% | 17.09% | 91.72% | -26.50% | -52.45% | -32.87% | -63.79% | -39.47% | -30.96% | 14.92% |
Free Cash Flow Per Share | 3.26 | 2.56 | 1.26 | 4.36 | 3.83 | 2.92 | 1.55 | 4.21 | 4.17 | 3.00 | 2.47 | 3.78 | 3.37 | 1.75 | 1.08 | 3.26 | 1.76 | 2.38 | 2.28 | 4.90 |
Dividends Per Share | 1.680 | 1.680 | 1.680 | 1.670 | 1.670 | 1.670 | 1.670 | 1.660 | 1.660 | 1.660 | 1.660 | 1.650 | 1.650 | 1.650 | 1.650 | 1.640 | 1.640 | 1.640 | 1.640 | 1.630 |
Dividend Growth | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% | 0.61% | 0.61% | 0.61% | 0.61% | 0.61% | 0.61% | 0.61% | 0.61% | 0.61% | 0.61% | 0.61% | 0.61% | 0.62% |
Gross Margin | 60.59% | 57.31% | 58.77% | 55.23% | 59.47% | 56.25% | 56.75% | 53.53% | 59.07% | 54.39% | 54.93% | 52.69% | 57.71% | 52.67% | 53.36% | 51.67% | 187.50% | 53.63% | 55.23% | 53.29% |
Operating Margin | 23.48% | 17.89% | 18.30% | 11.09% | 21.25% | -2.49% | 16.78% | 10.41% | 23.95% | 15.49% | 15.66% | 10.01% | 21.72% | -29.81% | 13.00% | 6.58% | 40.04% | 8.32% | 8.39% | 3.97% |
Profit Margin | 28.34% | 10.68% | 12.92% | 7.25% | 16.67% | -2.12% | 11.60% | 10.89% | 18.90% | 11.62% | 10.22% | 6.55% | 17.20% | -22.78% | 9.43% | 4.66% | 39.94% | 7.83% | 5.70% | 3.06% |
FCF Margin | 15.79% | 14.86% | 7.02% | 28.37% | 20.54% | 18.01% | 9.17% | 27.17% | 22.23% | 18.81% | 14.69% | 24.38% | 18.31% | 11.23% | 6.32% | 20.90% | 48.94% | 16.26% | 14.52% | 33.52% |
EBITDA | 7,215 | 5,505 | 5,672 | 2,790 | 5,955 | 2,195 | 5,001 | 2,636 | 6,515 | 3,378 | 3,500 | 2,500 | 5,862 | -3,043 | 3,265 | 2,190 | 4,085 | 2,787 | 2,873 | 2,195 |
EBITDA Margin | 36.65% | 33.71% | 33.41% | 19.19% | 33.92% | 14.66% | 31.71% | 18.23% | 37.48% | 22.90% | 22.62% | 17.54% | 35.12% | -21.57% | 21.02% | 15.43% | 125.42% | 21.03% | 20.21% | 16.65% |
EBIT | 4,622 | 2,922 | 3,107 | 1,613 | 3,730 | -373 | 2,646 | 1,505 | 4,163 | 2,285 | 2,423 | 1,426 | 3,625 | -4,206 | 2,019 | 934 | 1,304 | 1,103 | 1,193 | 523 |
EBIT Margin | 23.48% | 17.89% | 18.30% | 11.09% | 21.25% | -2.49% | 16.78% | 10.41% | 23.95% | 15.49% | 15.66% | 10.01% | 21.72% | -29.81% | 13.00% | 6.58% | 40.04% | 8.32% | 8.39% | 3.97% |
Effective Tax Rate | -34.64% | 28.23% | 15.56% | 8.89% | 11.46% | 60.47% | 17.53% | -46.74% | 12.61% | 8.49% | 20.95% | 11.72% | 13.41% | 28.59% | 14.92% | -6.26% | -22.71% | -27.55% | 11.07% | -65.57% |
Updated Jan 28, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.