International Business Machines Corporation (IBM)

NYSE: IBM · Real-Time Price · USD

Compare

308.66

-0.58 (-0.19%)

At close: Dec 15, 2025, 4:00 PM EST

308.01

-0.65 (-0.21%)

After-hours: Dec 15, 2025, 7:53 PM EST

IBM Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Quarter	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	Q4 2020	+20 Quarters
Period Ending	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	Dec '20 Dec 31, 2020	+20 Quarters
Operating Revenue	64,678	63,335	62,125	62,044	61,867	61,646	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	Upgrade
Other Revenue	724	705	707	709	713	720	734	737	738	728	692	651	654	663	725	780	744	833	891	984	Upgrade
Revenue	65,402	64,040	62,832	62,753	62,580	62,366	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	Upgrade
Revenue Growth (YoY)	4.51%	2.68%	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%	Upgrade
Cost of Revenue	27,203	26,795	26,618	26,832	26,835	27,019	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	Upgrade
Gross Profit	37,808	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	Upgrade
Selling, General & Admin	19,170	19,115	19,131	19,281	19,079	18,799	18,581	18,482	18,599	18,757	18,995	19,263	19,581	19,656	19,681	20,027	18,365	18,664	19,004	20,561	Upgrade
Research & Development	8,092	7,885	7,629	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	6,403	6,312	6,253	6,262	Upgrade
Other Operating Expenses	-987	-1,006	-1,033	-996	-938	-890	-900	-860	-850	-781	-699	-663	-576	-598	-557	-612	-556	-536	-609	-620	Upgrade
Operating Expenses	26,275	25,994	25,727	25,764	25,401	24,978	24,597	24,397	24,380	24,533	24,839	25,167	25,593	25,641	25,675	25,903	24,212	24,440	24,648	26,203	Upgrade
Operating Income	11,533	10,874	10,113	9,788	9,978	10,004	9,936	9,903	9,286	8,539	8,024	7,521	6,963	6,592	6,121	5,583	3,586	4,683	5,319	4,662	Upgrade
Interest Expense	-1,881	-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	Upgrade
Interest & Investment Income	663	683	728	747	740	726	710	670	591	487	315	162	111	73	55	52	54	55	68	-	Upgrade
Currency Exchange Gain (Loss)	-79	-70	101	20	-169	-194	-205	-69	158	363	480	500	475	330	124	-1	-160	-182	-89	-12	Upgrade
Other Non Operating Income (Expenses)	138	114	204	261	261	299	243	180	446	97	299	103	176	487	310	225	182	158	134	-790	Upgrade
EBT Excluding Unusual Items	10,374	9,783	9,411	9,104	9,117	9,159	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	Upgrade
Merger & Restructuring Charges	-506	-777	-762	-819	-835	-577	-643	-471	-457	-412	-319	-	-41	-32	-126	-	-1,400	-1,415	-1,430	-	Upgrade
Gain (Loss) on Sale of Investments	-2	-	-19	20	56	57	54	39	-19	75	-65	-278	-132	-234	-91	133	14	23	23	-	Upgrade
Gain (Loss) on Sale of Assets	13	366	364	605	637	286	282	45	-246	13	23	258	282	33	31	-	85	86	83	-	Upgrade
Other Unusual Items	-388	-3,113	-3,113	-3,113	-2,725	-	-	-	-	-5,894	-5,894	-5,894	-5,916	-22	-22	-	-	-	-	-	Upgrade
Pretax Income	9,491	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	Upgrade
Income Tax Expense	1,572	401	387	-218	-123	521	550	1,176	1,146	-301	-463	-626	-664	400	244	124	-754	-402	-293	-1,360	Upgrade
Earnings From Continuing Operations	7,919	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	Upgrade
Earnings From Discontinued Operations	-12	-25	-21	8	24	26	25	-12	-174	-145	-221	-143	-114	-39	549	1,030	2,820	2,726	2,211	1,658	Upgrade
Net Income	7,907	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	Upgrade
Net Income to Common	7,907	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	Upgrade
Net Income Growth	23.61%	-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%	Upgrade
Shares Outstanding (Basic)	930	927	924	922	919	916	914	911	909	907	905	903	901	899	897	896	895	893	892	890	Upgrade
Shares Outstanding (Diluted)	946	944	940	937	933	933	926	922	926	917	914	912	903	908	907	905	903	901	898	897	Upgrade
Shares Change (YoY)	1.37%	1.09%	1.53%	1.64%	0.77%	1.83%	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%	Upgrade
EPS (Basic)	8.50	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	Upgrade
EPS (Diluted)	8.36	6.18	5.83	6.43	6.86	9.03	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	Upgrade
EPS Growth	21.91%	-31.54%	-34.06%	-21.00%	-8.20%	309.22%	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%	Upgrade
Free Cash Flow	12,471	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	Upgrade
Free Cash Flow Per Share	13.18	12.97	13.40	13.23	13.43	13.62	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	Upgrade
Dividend Per Share	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	6.510	Upgrade
Dividend Growth	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%	1.24%	Upgrade
Gross Margin	57.81%	57.57%	57.04%	56.65%	56.53%	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%	Upgrade
Operating Margin	17.63%	16.98%	16.10%	15.60%	15.94%	16.04%	16.01%	16.01%	15.18%	14.11%	13.24%	12.43%	11.50%	11.05%	10.49%	9.74%	8.42%	9.99%	10.47%	8.45%	Upgrade
Profit Margin	12.09%	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%	Upgrade
Free Cash Flow Margin	19.07%	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%	Upgrade
EBITDA	15,042	14,183	13,281	12,886	12,562	12,736	12,659	12,739	12,319	11,842	11,796	10,775	12,009	12,159	12,122	11,309	10,321	11,417	12,052	11,357	Upgrade
EBITDA Margin	23.00%	22.15%	21.14%	20.53%	20.07%	20.42%	20.39%	20.59%	20.14%	19.56%	19.47%	17.80%	19.84%	20.37%	20.77%	19.72%	24.24%	24.35%	23.73%	20.58%	Upgrade
D&A For EBITDA	3,509	3,309	3,168	3,098	2,584	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	Upgrade
EBIT	11,533	10,874	10,113	9,788	9,978	10,004	9,936	9,903	9,286	8,539	8,024	7,521	6,963	6,592	6,121	5,583	3,586	4,683	5,319	4,662	Upgrade
EBIT Margin	17.63%	16.98%	16.10%	15.60%	15.94%	16.04%	16.01%	16.01%	15.18%	14.11%	13.24%	12.43%	11.50%	11.05%	10.49%	9.74%	8.42%	9.99%	10.47%	8.45%	Upgrade
Effective Tax Rate	16.56%	6.41%	6.58%	-	-	5.84%	6.32%	13.53%	13.90%	-	-	-	-	6.64%	4.68%	2.56%	-	-	-	-	Upgrade
Revenue as Reported	65,403	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	Upgrade
Advertising Expenses	-	-	-	1,173	-	-	-	1,237	-	-	-	1,330	-	-	-	1,413	-	-	-	1,509	Upgrade

Updated Oct 22, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q