International Business Machines Corporation (IBM)
NYSE: IBM · Real-Time Price · USD
259.72
-0.79 (-0.30%)
At close: Jul 25, 2025, 4:00 PM
259.55
-0.17 (-0.07%)
After-hours: Jul 25, 2025, 7:59 PM EDT
IBM Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | 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 | Q4 2020 | Q3 2020 | +20 Quarters |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | 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 | Dec '20 Dec 31, 2020 | Sep '20 Sep 30, 2020 | +20 Quarters |
Operating Revenue | 63,335 | 62,125 | 62,044 | 61,866 | 61,645 | 61,336 | 61,123 | 60,433 | 59,797 | 59,893 | 59,879 | 59,880 | 59,015 | 57,638 | 56,571 | 41,838 | 46,059 | 49,902 | 54,195 | 73,882 | Upgrade |
Other Revenue | 705 | 707 | 709 | 712 | 719 | 734 | 737 | 738 | 728 | 692 | 651 | 654 | 663 | 725 | 780 | 744 | 833 | 891 | 984 | 1,148 | Upgrade |
| 64,040 | 62,832 | 62,753 | 62,578 | 62,364 | 62,070 | 61,860 | 61,171 | 60,525 | 60,585 | 60,530 | 60,534 | 59,678 | 58,363 | 57,351 | 42,582 | 46,892 | 50,793 | 55,179 | 75,030 | Upgrade | |
Revenue Growth (YoY) | 2.69% | 1.23% | 1.44% | 2.30% | 3.04% | 2.45% | 2.20% | 1.05% | 1.42% | 3.81% | 5.54% | 42.16% | 27.27% | 14.90% | 3.94% | -43.25% | -37.89% | -33.63% | -4.39% | -2.72% | Upgrade |
Cost of Revenue | 26,795 | 26,618 | 26,832 | 26,833 | 27,017 | 27,166 | 27,178 | 27,116 | 27,038 | 27,304 | 27,436 | 27,546 | 27,001 | 26,072 | 25,331 | 14,308 | 17,253 | 20,293 | 23,737 | 38,166 | Upgrade |
Gross Profit | 36,868 | 35,840 | 35,552 | 35,379 | 34,982 | 34,533 | 34,300 | 33,666 | 33,072 | 32,863 | 32,688 | 32,556 | 32,233 | 31,796 | 31,486 | 27,798 | 29,123 | 29,967 | 30,865 | 36,153 | Upgrade |
Selling, General & Admin | 19,115 | 19,131 | 19,281 | 21,804 | 18,799 | 18,581 | 18,482 | 24,493 | 24,651 | 24,889 | 19,263 | 19,581 | 19,656 | 19,681 | 20,027 | 18,365 | 18,664 | 19,004 | 20,561 | 21,378 | Upgrade |
Research & Development | 7,885 | 7,629 | 7,479 | 7,261 | 7,070 | 6,916 | 6,775 | 6,631 | 6,557 | 6,543 | 6,567 | 6,588 | 6,583 | 6,551 | 6,488 | 6,403 | 6,312 | 6,253 | 6,262 | 6,318 | Upgrade |
Other Operating Expenses | -1,006 | -1,033 | -996 | -938 | -890 | -900 | -860 | -850 | -781 | -699 | -663 | -576 | -598 | -557 | -612 | -556 | -536 | -609 | -620 | -587 | Upgrade |
Operating Expenses | 25,994 | 25,727 | 25,764 | 28,127 | 24,979 | 24,597 | 24,397 | 30,274 | 30,427 | 30,733 | 25,167 | 25,593 | 25,641 | 25,675 | 25,903 | 24,212 | 24,440 | 24,648 | 26,203 | 27,109 | Upgrade |
Operating Income | 10,874 | 10,113 | 9,788 | 7,252 | 10,003 | 9,936 | 9,903 | 3,392 | 2,645 | 2,130 | 7,521 | 6,963 | 6,592 | 6,121 | 5,583 | 3,586 | 4,683 | 5,319 | 4,662 | 9,044 | Upgrade |
Interest Expense | -1,818 | -1,735 | -1,712 | -1,693 | -1,676 | -1,672 | -1,607 | -1,515 | -1,399 | -1,272 | -1,216 | -1,206 | -1,200 | -1,186 | -1,155 | -1,169 | -1,202 | -1,242 | -1,288 | -1,325 | Upgrade |
Interest & Investment Income | 683 | 728 | 747 | 740 | 726 | 710 | 670 | 591 | 487 | 315 | 162 | 111 | 73 | 55 | 52 | 54 | 55 | 68 | - | 138 | Upgrade |
Currency Exchange Gain (Loss) | -70 | 101 | 20 | -205 | -230 | -205 | -69 | 158 | 363 | 480 | 500 | 475 | 330 | 124 | -1 | -160 | -182 | -89 | -12 | 72 | Upgrade |
Other Non Operating Income (Expenses) | 114 | 204 | 261 | 3,025 | 338 | 243 | 180 | 6,340 | 5,991 | 6,193 | 103 | 176 | 487 | 310 | 225 | 182 | 158 | 134 | -790 | -96 | Upgrade |
EBT Excluding Unusual Items | 9,783 | 9,411 | 9,104 | 9,119 | 9,161 | 9,012 | 9,077 | 8,966 | 8,087 | 7,846 | 7,070 | 6,519 | 6,282 | 5,424 | 4,704 | 2,493 | 3,512 | 4,190 | 2,572 | 7,833 | Upgrade |
Merger & Restructuring Charges | -777 | -762 | -819 | -835 | -577 | -643 | -471 | -457 | -412 | -319 | - | -41 | -32 | -126 | - | -1,400 | -1,415 | -1,430 | - | -621 | Upgrade |
Gain (Loss) on Sale of Investments | - | -19 | 20 | 56 | 57 | 54 | 39 | -19 | 75 | -65 | -278 | -132 | -234 | -91 | 133 | 14 | 23 | 23 | - | 17 | Upgrade |
Gain (Loss) on Sale of Assets | 366 | 364 | 605 | 635 | 284 | 282 | 45 | -246 | 13 | 23 | 258 | 282 | 33 | 31 | - | 85 | 86 | 83 | - | 161 | Upgrade |
Other Unusual Items | -3,113 | -3,113 | -3,113 | -2,725 | - | - | - | - | -5,894 | -5,894 | -5,894 | -5,916 | -22 | -22 | - | - | - | - | - | -49 | Upgrade |
Pretax Income | 6,259 | 5,881 | 5,797 | 6,250 | 8,925 | 8,705 | 8,690 | 8,244 | 1,869 | 1,591 | 1,156 | 712 | 6,027 | 5,216 | 4,837 | 1,192 | 2,206 | 2,866 | 2,572 | 7,341 | Upgrade |
Income Tax Expense | 401 | 387 | -218 | -123 | 521 | 550 | 1,176 | 1,146 | -301 | -463 | -626 | -664 | 400 | 244 | 124 | -754 | -402 | -293 | -1,360 | -564 | Upgrade |
Earnings From Continuing Operations | 5,858 | 5,494 | 6,015 | 6,373 | 8,404 | 8,155 | 7,514 | 7,098 | 2,170 | 2,054 | 1,782 | 1,376 | 5,627 | 4,972 | 4,713 | 1,946 | 2,608 | 3,159 | 3,932 | 7,905 | Upgrade |
Earnings From Discontinued Operations | -25 | -21 | 8 | 24 | 26 | 25 | -12 | -174 | -145 | -221 | -143 | -114 | -39 | 549 | 1,030 | 2,820 | 2,726 | 2,211 | 1,658 | -1 | Upgrade |
Net Income | 5,833 | 5,473 | 6,023 | 6,397 | 8,430 | 8,180 | 7,502 | 6,924 | 2,025 | 1,833 | 1,639 | 1,262 | 5,588 | 5,521 | 5,743 | 4,766 | 5,334 | 5,370 | 5,590 | 7,904 | Upgrade |
Net Income to Common | 5,833 | 5,473 | 6,023 | 6,397 | 8,430 | 8,180 | 7,502 | 6,924 | 2,025 | 1,833 | 1,639 | 1,262 | 5,588 | 5,521 | 5,743 | 4,766 | 5,334 | 5,370 | 5,590 | 7,904 | Upgrade |
Net Income Growth | -30.81% | -33.09% | -19.71% | -7.61% | 316.30% | 346.26% | 357.72% | 448.65% | -63.76% | -66.80% | -71.46% | -73.52% | 4.76% | 2.81% | 2.74% | -39.70% | -32.29% | -40.43% | -40.73% | 2.49% | Upgrade |
Shares Outstanding (Basic) | 927 | 924 | 922 | 919 | 916 | 914 | 911 | 909 | 907 | 905 | 903 | 901 | 899 | 897 | 896 | 895 | 893 | 892 | 890 | 889 | Upgrade |
Shares Outstanding (Diluted) | 944 | 940 | 937 | 930 | 930 | 926 | 922 | 926 | 917 | 914 | 912 | 903 | 908 | 907 | 905 | 903 | 901 | 898 | 897 | 895 | Upgrade |
Shares Change (YoY) | 1.49% | 1.53% | 1.64% | 0.37% | 1.43% | 1.26% | 1.07% | 2.59% | 0.93% | 0.87% | 0.84% | 0.02% | 0.84% | 0.92% | 0.90% | 0.84% | 0.72% | 0.58% | 0.42% | -0.05% | Upgrade |
EPS (Basic) | 6.29 | 5.92 | 6.53 | 6.96 | 9.20 | 8.95 | 8.23 | 7.62 | 2.23 | 2.03 | 1.82 | 1.40 | 6.22 | 6.15 | 6.41 | 5.33 | 5.97 | 6.02 | 6.28 | 8.89 | Upgrade |
EPS (Diluted) | 6.18 | 5.83 | 6.43 | 6.89 | 9.07 | 8.84 | 8.14 | 7.47 | 2.21 | 2.00 | 1.79 | 1.39 | 6.15 | 6.10 | 6.35 | 5.29 | 5.93 | 5.97 | 6.23 | 8.82 | Upgrade |
EPS Growth | -31.88% | -34.06% | -21.00% | -7.72% | 311.23% | 341.39% | 353.76% | 436.48% | -64.14% | -67.18% | -71.75% | -73.66% | 3.68% | 2.16% | 1.86% | -40.07% | -32.70% | -40.86% | -40.98% | 2.53% | Upgrade |
Free Cash Flow | 12,239 | 12,594 | 12,397 | 12,533 | 12,713 | 13,141 | 12,686 | 12,079 | 10,888 | 9,596 | 9,089 | 7,627 | 8,198 | 9,281 | 10,734 | 13,822 | 15,227 | 16,153 | 15,579 | 13,272 | Upgrade |
Free Cash Flow Per Share | 12.97 | 13.40 | 13.23 | 13.48 | 13.67 | 14.19 | 13.76 | 13.04 | 11.88 | 10.49 | 9.96 | 8.45 | 9.03 | 10.24 | 11.87 | 15.31 | 16.91 | 17.98 | 17.38 | 14.82 | Upgrade |
Dividend Per Share | 6.690 | 6.680 | 6.670 | 6.660 | 6.650 | 6.640 | 6.630 | 6.620 | 6.610 | 6.600 | 6.590 | 6.580 | 6.570 | 6.560 | 6.550 | 6.540 | 6.530 | 6.520 | 6.510 | 6.500 | Upgrade |
Dividend Growth | 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% | 0.62% | 0.62% | 1.24% | 1.88% | Upgrade |
Gross Margin | 57.57% | 57.04% | 56.65% | 56.54% | 56.09% | 55.64% | 55.45% | 55.04% | 54.64% | 54.24% | 54.00% | 53.78% | 54.01% | 54.48% | 54.90% | 65.28% | 62.11% | 59.00% | 55.94% | 48.19% | Upgrade |
Operating Margin | 16.98% | 16.10% | 15.60% | 11.59% | 16.04% | 16.01% | 16.01% | 5.54% | 4.37% | 3.52% | 12.43% | 11.50% | 11.05% | 10.49% | 9.74% | 8.42% | 9.99% | 10.47% | 8.45% | 12.05% | Upgrade |
Profit Margin | 9.11% | 8.71% | 9.60% | 10.22% | 13.52% | 13.18% | 12.13% | 11.32% | 3.35% | 3.03% | 2.71% | 2.08% | 9.36% | 9.46% | 10.01% | 11.19% | 11.38% | 10.57% | 10.13% | 10.53% | Upgrade |
Free Cash Flow Margin | 19.11% | 20.04% | 19.75% | 20.03% | 20.39% | 21.17% | 20.51% | 19.75% | 17.99% | 15.84% | 15.02% | 12.60% | 13.74% | 15.90% | 18.72% | 32.46% | 32.47% | 31.80% | 28.23% | 17.69% | Upgrade |
EBITDA | 14,183 | 13,281 | 12,886 | 10,059 | 12,735 | 12,659 | 12,739 | 6,425 | 5,948 | 5,902 | 10,775 | 12,009 | 12,159 | 12,122 | 11,309 | 10,321 | 11,417 | 12,052 | 11,357 | 15,690 | Upgrade |
EBITDA Margin | 22.15% | 21.14% | 20.53% | 16.07% | 20.42% | 20.39% | 20.59% | 10.50% | 9.83% | 9.74% | 17.80% | 19.84% | 20.37% | 20.77% | 19.72% | 24.24% | 24.35% | 23.73% | 20.58% | 20.91% | Upgrade |
D&A For EBITDA | 3,309 | 3,168 | 3,098 | 2,807 | 2,732 | 2,723 | 2,836 | 3,033 | 3,303 | 3,772 | 3,254 | 5,046 | 5,567 | 6,001 | 5,726 | 6,735 | 6,734 | 6,733 | 6,695 | 6,646 | Upgrade |
EBIT | 10,874 | 10,113 | 9,788 | 7,252 | 10,003 | 9,936 | 9,903 | 3,392 | 2,645 | 2,130 | 7,521 | 6,963 | 6,592 | 6,121 | 5,583 | 3,586 | 4,683 | 5,319 | 4,662 | 9,044 | Upgrade |
EBIT Margin | 16.98% | 16.10% | 15.60% | 11.59% | 16.04% | 16.01% | 16.01% | 5.54% | 4.37% | 3.52% | 12.43% | 11.50% | 11.05% | 10.49% | 9.74% | 8.42% | 9.99% | 10.47% | 8.45% | 12.05% | Upgrade |
Effective Tax Rate | 6.41% | 6.58% | - | - | 5.84% | 6.32% | 13.53% | 13.90% | - | - | - | - | 6.64% | 4.68% | 2.56% | - | - | - | - | - | Upgrade |
Revenue as Reported | 64,041 | 62,832 | 62,753 | 62,580 | 62,364 | 62,070 | 61,860 | 61,169 | 60,525 | 60,585 | 60,530 | 60,534 | 59,677 | 58,360 | 57,350 | 42,582 | 46,891 | 50,795 | 55,179 | 75,030 | Upgrade |
Advertising Expenses | - | - | 1,173 | - | - | - | 1,237 | - | - | - | 1,330 | - | - | - | 1,413 | - | - | - | 1,509 | - | Upgrade |
Updated Jul 23, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.