International Business Machines Corporation (IBM)
NYSE: IBM · Real-Time Price · USD
211.72
-1.28 (-0.60%)
Jul 21, 2026, 2:11 PM EDT - Market open
IBM Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q1 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | 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 |
| 68,911 | 67,535 | 65,403 | 64,040 | 62,833 | 62,753 | 62,581 | 62,365 | 62,070 | 61,860 | 61,458 | 60,813 | 60,873 | 60,530 | 60,533 | 59,677 | 58,360 | 57,350 | 61,023 | 65,332 | |
Revenue Growth (YoY) | 9.67% | 7.62% | 4.51% | 2.69% | 1.23% | 1.44% | 1.83% | 2.55% | 1.97% | 2.20% | 1.53% | 1.90% | 4.31% | 5.54% | -0.80% | -8.66% | -15.71% | 3.93% | -18.67% | -13.47% |
Cost of Revenue | 28,697 | 28,239 | 27,595 | 27,173 | 26,992 | 27,201 | 27,201 | 27,382 | 27,536 | 27,560 | 27,271 | 27,219 | 27,491 | 27,842 | 27,980 | 27,448 | 26,568 | 25,865 | 28,515 | 31,500 |
Gross Profit | 40,215 | 39,297 | 37,807 | 36,867 | 35,840 | 35,551 | 35,379 | 34,982 | 34,533 | 34,300 | 34,187 | 33,594 | 33,383 | 32,687 | 32,556 | 32,232 | 31,794 | 31,486 | 32,508 | 33,832 |
Selling, General & Admin | 20,326 | 20,123 | 19,526 | 19,689 | 19,600 | 19,688 | 19,614 | 19,161 | 19,123 | 19,003 | 19,010 | 18,943 | 18,898 | 18,609 | 18,746 | 18,661 | 18,655 | 18,745 | 21,076 | 21,417 |
Research & Development | 8,539 | 8,316 | 8,096 | 7,890 | 7,633 | 7,479 | 7,260 | 7,069 | 6,916 | 6,775 | 6,926 | 6,852 | 6,838 | 6,567 | 6,588 | 6,583 | 6,551 | 6,488 | 6,474 | 6,383 |
Other Operating Expenses | -1,162 | -1,406 | -1,187 | 1,211 | 991 | 875 | 564 | -1,847 | -1,882 | -1,774 | -1,695 | 4,344 | 4,596 | 5,140 | 5,303 | -240 | 186 | 261 | 534 | 562 |
Total Operating Expenses | 27,703 | 27,033 | 26,435 | 28,790 | 28,224 | 28,042 | 27,438 | 24,383 | 24,157 | 24,004 | 24,241 | 30,139 | 30,332 | 30,316 | 30,637 | 25,004 | 25,392 | 25,494 | 28,084 | 28,362 |
Operating Income | 12,512 | 12,264 | 11,372 | 8,077 | 7,616 | 7,509 | 7,941 | 10,599 | 10,376 | 10,296 | 9,946 | 3,455 | 3,051 | 2,371 | 1,919 | 7,228 | 6,402 | 5,992 | 4,424 | 5,470 |
Interest Expense | -1,953 | -1,935 | -1,881 | -1,818 | -1,735 | -1,712 | -1,693 | -1,676 | -1,672 | -1,607 | -1,603 | -1,486 | -1,360 | -1,216 | -1,206 | -1,201 | -1,185 | -1,155 | -1,168 | -1,201 |
Total Non-Operating Income (Expense) | -1,953 | -1,935 | -1,881 | -1,818 | -1,735 | -1,712 | -1,693 | -1,676 | -1,672 | -1,607 | -1,603 | -1,486 | -1,360 | -1,216 | -1,206 | -1,201 | -1,185 | -1,155 | -1,168 | -1,201 |
Pretax Income | 10,557 | 10,328 | 9,491 | 6,259 | 5,881 | 5,797 | 6,250 | 8,925 | 8,706 | 8,690 | 8,343 | 1,969 | 1,691 | 1,156 | 713 | 6,027 | 5,217 | 4,837 | 3,258 | 4,272 |
Provision for Income Taxes | -173 | -242 | 1,572 | 401 | 386 | -218 | -124 | 520 | 550 | 1,176 | 1,125 | -321 | -483 | -626 | -663 | 400 | 244 | 124 | -259 | 93 |
Net Income | 10,732 | 10,571 | 7,918 | 5,857 | 5,494 | 6,015 | 6,373 | 8,404 | 8,155 | 7,514 | 7,219 | 2,291 | 2,175 | 1,783 | 1,375 | 5,626 | 4,971 | 4,712 | 3,514 | 4,175 |
Earnings From Discontinued Operations | 22 | 22 | -11 | -24 | -21 | 8 | 24 | 27 | 25 | -12 | -166 | -138 | -213 | -143 | -114 | -39 | 549 | 1,030 | 1,251 | 1,157 |
Net Income to Common | 10,754 | 10,593 | 7,907 | 5,833 | 5,473 | 6,023 | 6,397 | 8,431 | 8,180 | 7,502 | 7,052 | 2,152 | 1,961 | 1,639 | 1,262 | 5,588 | 5,521 | 5,743 | 4,766 | 5,334 |
Net Income Growth | 96.49% | 75.88% | 23.61% | -30.81% | -33.09% | -19.71% | -9.29% | 291.77% | 317.13% | 357.72% | 458.80% | -61.49% | -64.48% | -71.46% | -73.52% | 4.76% | 2.81% | 2.74% | -39.70% | -32.29% |
Shares Outstanding (Basic) | 935 | 932 | 930 | 927 | 924 | 922 | 919 | 916 | 914 | 911 | 909 | 907 | 905 | 903 | 901 | 899 | 897 | 896 | 895 | 893 |
Shares Outstanding (Diluted) | 950 | 949 | 946 | 940 | 936 | 937 | 930 | 930 | 926 | 922 | 919 | 914 | 912 | 912 | 908 | 908 | 906 | 905 | 904 | 902 |
Shares Change (YoY) | 1.49% | 1.23% | 1.77% | 1.09% | 1.13% | 1.64% | 1.14% | 1.68% | 1.52% | 1.07% | 1.27% | 0.68% | 0.62% | 0.84% | 0.39% | 0.68% | 0.77% | 0.90% | 1.10% | 1.00% |
EPS (Basic) | 11.51 | 11.36 | 8.52 | 6.31 | 5.94 | 6.53 | 6.99 | 9.20 | 8.95 | 8.23 | 7.62 | 2.21 | 2.01 | 1.82 | 1.36 | 6.15 | 6.08 | 5.26 | 5.31 | 5.96 |
EPS (Diluted) | 11.31 | 11.17 | 8.36 | 6.18 | 5.83 | 6.43 | 6.89 | 9.07 | 8.83 | 8.14 | 7.53 | 2.15 | 1.96 | 1.80 | 1.29 | 6.09 | 6.04 | 5.21 | 5.31 | 5.95 |
EPS Growth | 94.00% | 73.72% | 21.34% | -31.86% | -33.98% | -21.01% | -8.50% | 321.86% | 350.51% | 352.22% | 483.72% | -64.70% | -67.55% | -65.45% | -75.71% | 2.35% | 0.67% | 18.95% | -40.27% | -32.84% |
Free Cash Flow | 12,913 | 12,102 | 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 |
Free Cash Flow Growth | 2.53% | -2.38% | -0.50% | -3.73% | -4.16% | -2.28% | 3.76% | 16.76% | 36.94% | 39.57% | 58.37% | 32.81% | 3.39% | -15.32% | -44.82% | -46.16% | -42.54% | -31.10% | 4.14% | 19.49% |
Free Cash Flow Per Share | 13.59 | 12.76 | 13.18 | 13.02 | 13.45 | 13.23 | 13.48 | 13.67 | 14.19 | 13.76 | 13.14 | 11.91 | 10.52 | 9.96 | 8.40 | 9.03 | 10.24 | 11.87 | 15.29 | 16.88 |
Dividends Per Share | 6.720 | 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 |
Dividend Growth | 0.60% | 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% |
Gross Margin | 58.36% | 58.19% | 57.81% | 57.57% | 57.04% | 56.65% | 56.53% | 56.09% | 55.64% | 55.45% | 55.63% | 55.24% | 54.84% | 54.00% | 53.78% | 54.01% | 54.48% | 54.90% | 53.27% | 51.78% |
Operating Margin | 18.16% | 18.16% | 17.39% | 12.61% | 12.12% | 11.97% | 12.69% | 17.00% | 16.72% | 16.64% | 16.18% | 5.68% | 5.01% | 3.92% | 3.17% | 12.11% | 10.97% | 10.45% | 7.25% | 8.37% |
Profit Margin | 15.57% | 15.65% | 12.11% | 9.15% | 8.74% | 9.59% | 10.18% | 13.48% | 13.14% | 12.15% | 11.75% | 3.77% | 3.57% | 2.95% | 2.27% | 9.43% | 8.52% | 8.22% | 5.76% | 6.39% |
FCF Margin | 18.74% | 17.92% | 19.07% | 19.11% | 20.04% | 19.76% | 20.03% | 20.38% | 21.17% | 20.51% | 19.65% | 17.90% | 15.76% | 15.02% | 12.60% | 13.74% | 15.90% | 18.72% | 22.65% | 23.31% |
EBITDA | 17,630 | 17,285 | 16,210 | 12,900 | 12,329 | 12,176 | 12,647 | 15,130 | 14,829 | 14,692 | 14,327 | 7,906 | 7,671 | 7,173 | 6,965 | 12,795 | 12,403 | 12,409 | 11,159 | 12,204 |
EBITDA Margin | 25.58% | 25.59% | 24.78% | 20.14% | 19.62% | 19.40% | 20.21% | 24.26% | 23.89% | 23.75% | 23.31% | 13.00% | 12.60% | 11.85% | 11.51% | 21.44% | 21.25% | 21.64% | 18.29% | 18.68% |
EBIT | 12,512 | 12,264 | 11,372 | 8,077 | 7,616 | 7,509 | 7,941 | 10,599 | 10,376 | 10,296 | 9,946 | 3,455 | 3,051 | 2,371 | 1,919 | 7,228 | 6,402 | 5,992 | 4,424 | 5,470 |
EBIT Margin | 18.16% | 18.16% | 17.39% | 12.61% | 12.12% | 11.97% | 12.69% | 17.00% | 16.72% | 16.64% | 16.18% | 5.68% | 5.01% | 3.92% | 3.17% | 12.11% | 10.97% | 10.45% | 7.25% | 8.37% |
Effective Tax Rate | -1.64% | -2.34% | 16.56% | 6.41% | 6.56% | -3.76% | -1.98% | 5.83% | 6.32% | 13.53% | 13.48% | -16.30% | -28.56% | -54.15% | -92.99% | 6.64% | 4.68% | 2.56% | -7.95% | 2.18% |