International Business Machines Corporation (IBM)
NYSE: IBM · Real-Time Price · USD
246.74
-1.42 (-0.57%)
At close: Apr 6, 2026, 4:00 PM EDT
246.40
-0.34 (-0.14%)
After-hours: Apr 6, 2026, 7:58 PM 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 |
| 67,535 | 65,403 | 64,040 | 62,833 | 62,754 | 62,581 | 62,365 | 62,070 | 61,860 | 61,169 | 60,524 | 60,584 | 60,529 | 47,096 | 46,240 | 44,923 | 43,913 | 61,023 | 65,332 | 69,237 | |
Revenue Growth (YoY) | 7.62% | 4.51% | 2.69% | 1.23% | 1.44% | 2.31% | 3.04% | 2.45% | 2.20% | 29.88% | 30.89% | 34.86% | 37.84% | -22.82% | -29.22% | -35.12% | -40.35% | -18.67% | -13.47% | -9.54% |
Cost of Revenue | 28,239 | 27,595 | 27,173 | 26,992 | 27,201 | 27,201 | 27,382 | 27,536 | 27,560 | 27,504 | 27,452 | 27,724 | 27,843 | 17,936 | 17,404 | 16,524 | 15,822 | 28,515 | 31,500 | 34,557 |
Gross Profit | 39,296 | 37,807 | 36,867 | 35,840 | 35,551 | 35,379 | 34,982 | 34,533 | 34,300 | 33,665 | 33,072 | 32,861 | 32,687 | 29,162 | 28,838 | 28,400 | 28,092 | 32,508 | 33,832 | 34,680 |
Selling, General & Admin | 20,123 | 19,526 | 19,689 | 19,600 | 19,688 | 19,614 | 19,161 | 19,123 | 19,002 | 18,977 | 18,910 | 18,865 | 18,609 | 17,220 | 17,135 | 17,129 | 17,220 | 21,076 | 21,417 | 21,816 |
Research & Development | 8,316 | 8,096 | 7,890 | 7,633 | 7,479 | 7,260 | 7,069 | 6,916 | 6,775 | 6,631 | 6,557 | 6,543 | 6,567 | 6,588 | 6,583 | 6,551 | 6,488 | 6,474 | 6,383 | 6,324 |
Other Operating Expenses | -1,407 | -1,187 | 1,211 | 991 | 876 | 564 | -1,847 | -1,882 | -1,774 | -1,702 | 4,337 | 4,589 | 5,139 | 5,303 | -240 | 186 | 261 | 534 | 562 | 369 |
Total Operating Expenses | 27,032 | 26,435 | 28,790 | 28,224 | 28,043 | 27,438 | 24,383 | 24,157 | 24,003 | 23,906 | 29,804 | 29,997 | 30,315 | 29,111 | 23,478 | 23,866 | 23,969 | 28,084 | 28,362 | 28,509 |
Operating Income | 12,264 | 11,372 | 8,077 | 7,616 | 7,508 | 7,941 | 10,599 | 10,376 | 10,297 | 9,759 | 3,268 | 2,864 | 2,372 | 51 | 5,360 | 4,534 | 4,123 | 4,424 | 5,470 | 6,171 |
Interest Expense | -1,935 | -1,881 | -1,818 | -1,735 | -1,712 | -1,693 | -1,676 | -1,672 | -1,607 | -1,515 | -1,398 | -1,272 | -1,216 | -1,206 | -1,201 | -1,185 | -1,154 | -1,168 | -1,201 | -1,243 |
Total Non-Operating Income (Expense) | -1,935 | -1,881 | -1,818 | -1,735 | -1,712 | -1,693 | -1,676 | -1,672 | -1,607 | -1,515 | -1,398 | -1,272 | -1,216 | -1,206 | -1,201 | -1,185 | -1,154 | -1,168 | -1,201 | -1,243 |
Pretax Income | 10,328 | 9,491 | 6,259 | 5,881 | 5,797 | 6,250 | 8,925 | 8,706 | 8,690 | 8,243 | 1,869 | 1,591 | 1,156 | -1,095 | 4,219 | 3,409 | 3,030 | 3,258 | 4,272 | 4,931 |
Provision for Income Taxes | -242 | 1,572 | 401 | 386 | -219 | -124 | 520 | 550 | 1,176 | 1,146 | -300 | -462 | -625 | -1,310 | -247 | -403 | -524 | -259 | 93 | 201 |
Net Income | 10,593 | 7,907 | 5,833 | 5,473 | 6,023 | 6,397 | 8,431 | 8,180 | 7,502 | 6,924 | 2,024 | 1,833 | 1,639 | 1,262 | 5,588 | 5,521 | 5,743 | 4,766 | 5,334 | 5,370 |
Earnings From Discontinued Operations | 23 | -11 | -24 | -21 | 8 | 24 | 27 | 25 | -12 | -174 | -146 | -221 | -143 | 1,047 | 1,122 | 1,710 | 2,191 | 1,251 | 1,157 | 641 |
Net Income to Common | 10,593 | 7,907 | 5,833 | 5,473 | 6,023 | 6,397 | 8,431 | 8,180 | 7,502 | 6,924 | 2,024 | 1,833 | 1,639 | 1,262 | 5,588 | 5,521 | 5,743 | 4,766 | 5,334 | 5,370 |
Net Income Growth | 75.88% | 23.61% | -30.81% | -33.09% | -19.71% | -7.61% | 316.55% | 346.26% | 357.72% | 448.65% | -63.78% | -66.80% | -71.46% | -73.52% | 4.76% | 2.81% | 2.74% | -39.70% | -32.29% | -40.43% |
Shares Outstanding (Basic) | 932 | 930 | 927 | 924 | 922 | 919 | 916 | 914 | 911 | 911 | 909 | 907 | 905 | 901 | 899 | 897 | 896 | 895 | 893 | 892 |
Shares Outstanding (Diluted) | 949 | 946 | 940 | 936 | 933 | 930 | 930 | 926 | 922 | 917 | 912 | 910 | 907 | 908 | 908 | 906 | 905 | 904 | 902 | 900 |
Shares Change (YoY) | 1.63% | 1.77% | 1.09% | 1.13% | 1.23% | 1.42% | 1.96% | 1.80% | 1.61% | 1.00% | 0.40% | 0.34% | 0.31% | 0.39% | 0.68% | 0.77% | 0.75% | 1.10% | 1.00% | 0.50% |
EPS (Basic) | 11.35 | 8.52 | 6.31 | 5.94 | 6.55 | 6.99 | 9.20 | 8.95 | 8.22 | 7.62 | 2.21 | 2.01 | 1.73 | 1.36 | 6.15 | 6.08 | 6.41 | 5.31 | 5.96 | 6.02 |
EPS (Diluted) | 11.15 | 8.36 | 6.18 | 5.83 | 6.43 | 6.89 | 9.07 | 8.83 | 8.12 | 7.53 | 2.15 | 1.96 | 1.68 | 1.29 | 6.09 | 6.04 | 6.37 | 5.31 | 5.95 | 6.00 |
EPS Growth | 73.41% | 21.34% | -31.86% | -33.98% | -20.81% | -8.50% | 321.86% | 350.51% | 383.33% | 483.72% | -64.70% | -67.55% | -73.63% | -75.71% | 2.35% | 0.67% | 1.76% | -40.27% | -32.84% | -40.83% |
Shares Outstanding | 936.95 | 934.74 | 931.52 | 929.4 | 926.29 | 924.65 | 921.15 | 918.6 | 915.01 | 913.12 | 911.01 | 908.95 | 906.09 | 904.13 | 903.18 | 899.44 | 898.98 | 896.8 | 896.32 | 893.52 |
Free Cash Flow | 10,852 | 11,349 | 11,617 | 11,872 | 11,675 | 11,933 | 12,013 | 12,841 | 12,386 | 11,579 | 10,388 | 9,096 | 8,589 | 7,127 | 7,698 | 8,781 | 10,234 | 13,042 | 14,447 | 15,373 |
Free Cash Flow Growth | -7.05% | -4.89% | -3.30% | -7.55% | -5.74% | 3.06% | 15.64% | 41.17% | 44.21% | 62.47% | 34.94% | 3.59% | -16.07% | -45.35% | -46.72% | -42.88% | -30.85% | 3.29% | 19.42% | 34.09% |
Free Cash Flow Per Share | 11.44 | 11.99 | 12.36 | 12.68 | 12.51 | 12.84 | 12.92 | 13.87 | 13.43 | 12.63 | 11.39 | 10.00 | 9.46 | 7.85 | 8.48 | 9.69 | 11.31 | 14.42 | 16.02 | 17.09 |
Dividends Per Share | 6.710 | 6.700 | 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 |
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% | 0.62% | 0.62% |
Gross Margin | 58.19% | 57.81% | 57.57% | 57.04% | 56.65% | 56.53% | 56.09% | 55.64% | 55.45% | 55.04% | 54.64% | 54.24% | 54.00% | 61.92% | 62.37% | 63.22% | 63.97% | 53.27% | 51.78% | 50.09% |
Operating Margin | 18.16% | 17.39% | 12.61% | 12.12% | 11.96% | 12.69% | 17.00% | 16.72% | 16.65% | 15.95% | 5.40% | 4.73% | 3.92% | 0.11% | 11.59% | 10.09% | 9.39% | 7.25% | 8.37% | 8.91% |
Profit Margin | 15.65% | 12.11% | 9.15% | 8.74% | 9.59% | 10.18% | 13.48% | 13.14% | 12.15% | 11.61% | 3.59% | 3.39% | 2.95% | 0.45% | 9.66% | 8.48% | 8.09% | 5.76% | 6.39% | 6.83% |
FCF Margin | 16.07% | 17.35% | 18.14% | 18.89% | 18.60% | 19.07% | 19.26% | 20.69% | 20.02% | 18.93% | 17.16% | 15.01% | 14.19% | 15.13% | 16.65% | 19.55% | 23.31% | 21.37% | 22.11% | 22.20% |
EBITDA | 21,182 | 19,922 | 16,612 | 15,941 | 15,787 | 16,347 | 17,530 | 16,029 | 15,893 | 15,240 | 8,819 | 8,584 | 8,274 | 6,497 | 12,327 | 11,935 | 11,940 | 12,858 | 13,903 | 14,603 |
EBITDA Margin | 31.36% | 30.46% | 25.94% | 25.37% | 25.16% | 26.12% | 28.11% | 25.82% | 25.69% | 24.91% | 14.57% | 14.17% | 13.67% | 13.80% | 26.66% | 26.57% | 27.19% | 21.07% | 21.28% | 21.09% |
EBIT | 12,264 | 11,372 | 8,077 | 7,616 | 7,508 | 7,941 | 10,599 | 10,376 | 10,297 | 9,759 | 3,268 | 2,864 | 2,372 | 51 | 5,360 | 4,534 | 4,123 | 4,424 | 5,470 | 6,171 |
EBIT Margin | 18.16% | 17.39% | 12.61% | 12.12% | 11.96% | 12.69% | 17.00% | 16.72% | 16.65% | 15.95% | 5.40% | 4.73% | 3.92% | 0.11% | 11.59% | 10.09% | 9.39% | 7.25% | 8.37% | 8.91% |
Effective Tax Rate | -2.34% | 16.56% | 6.41% | 6.56% | -3.78% | -1.98% | 5.83% | 6.32% | 13.53% | 13.90% | -16.05% | -29.04% | -54.07% | 119.63% | -5.85% | -11.82% | -17.29% | -7.95% | 2.18% | 4.08% |
Updated Jan 28, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.