International Business Machines Corporation (IBM)

IBM Balance Sheet

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

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 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021
Cash & Equivalents	13,587	11,569	11,943	11,035	13,947	13,197	12,210	14,603	13,068	7,257	9,394	9,337	7,886	7,816	7,034	9,934	6,650	7,455	7,350	10,531
Short-Term Investments	830	3,286	3,504	6,430	644	505	1,481	4,512	373	3,721	6,904	8,057	852	1,753	524	550	600	600	600	600
Cash & Short-Term Investments	14,417	14,855	15,447	17,465	14,591	13,702	13,691	19,115	13,441	10,978	16,298	17,394	8,738	9,569	7,558	10,484	7,250	8,055	7,950	11,131
Cash Growth	-1.19%	8.42%	12.83%	-8.63%	8.56%	24.81%	-16.00%	9.89%	53.82%	14.72%	115.64%	65.91%	20.52%	18.80%	-4.93%	-5.81%	-47.42%	-48.34%	-43.63%	-6.19%
Accounts Receivable	8,112	5,532	5,974	5,857	6,804	5,390	5,769	6,041	7,214	5,330	5,673	5,757	6,541	5,526	5,867	5,963	6,754	6,609	6,827	6,458
Other Receivables	3,403	7,075	7,519	6,613	3,136	6,693	6,555	6,281	7,434	6,467	7,267	7,474	8,607	7,577	8,142	8,172	9,016	899	802	787
Total Trade Receivables	11,515	12,607	13,493	12,470	9,940	12,083	12,324	12,322	14,648	11,797	12,940	13,231	15,148	13,103	14,009	14,135	15,770	7,508	7,629	7,245
Inventory	1,084	1,397	1,251	1,431	959	1,367	1,234	1,212	1,161	1,399	1,501	1,603	1,552	1,794	1,684	1,776	1,049	1,891	1,807	1,828
Other Current Assets	2,584	3,882	4,061	3,970	2,734	3,391	6,049	4,013	3,658	3,532	3,718	3,754	3,681	4,532	4,644	4,937	4,870	5,352	5,194	5,012
Total Current Assets	36,944	32,740	34,253	35,336	34,482	30,543	33,299	36,663	32,908	27,705	34,458	35,982	29,118	28,999	27,896	31,330	29,539	29,967	30,774	34,038
Net Property, Plant & Equipment	9,028	9,074	9,258	9,065	8,928	8,969	8,730	8,798	8,721	8,481	8,096	8,133	8,212	7,890	8,123	8,667	8,916	13,391	13,810	13,935
Other Intangible Assets	11,391	11,729	12,253	12,392	10,660	11,090	10,251	10,750	11,036	11,278	10,496	10,905	11,184	10,967	11,571	56,106	12,511	13,025	13,539	13,535
Goodwill	67,717	67,396	67,506	66,065	60,706	61,092	59,416	59,534	60,178	59,596	56,385	56,193	55,949	54,218	55,039	7,567	55,643	61,378	61,645	59,984
Long-Term Investments	9,820	8,054	8,062	6,776	7,140	6,940	7,323	6,605	7,392	6,371	6,806	6,672	7,423	6,395	7,005	16,922	7,248	7,042	7,684	8,047
Other Long-Term Assets	16,979	17,317	17,253	16,033	15,258	15,706	14,828	14,820	15,004	15,891	15,972	15,752	15,358	17,381	17,868	10,911	18,144	19,412	19,362	19,089
Total Assets	151,880	146,312	148,585	145,667	137,175	134,339	133,848	137,169	135,241	129,321	132,213	133,637	127,243	125,850	127,503	133,275	132,001	144,214	146,814	148,629
Accounts Payable	4,756	3,867	3,974	3,585	4,032	3,274	3,631	3,588	4,132	3,342	3,732	3,728	4,051	3,806	3,707	3,453	3,955	4,248	4,214	4,140
Accrued Expenses	4,114	3,508	3,353	3,653	3,605	3,250	3,125	3,190	3,501	3,257	3,185	2,772	3,481	3,369	3,327	2,937	3,204	3,780	3,846	3,256
Short-Term Debt	6,424	7,942	8,945	6,913	5,089	3,599	3,602	5,471	6,426	6,414	6,785	4,887	4,760	5,937	5,981	7,690	6,787	7,575	6,442	5,198
Current Portion of Leases	800	807	820	798	768	790	762	784	820	807	842	869	874	844	884	954	974	1,285	1,334	1,337
Unearned Revenue	16,101	13,878	15,022	15,057	13,907	12,882	13,643	14,051	13,451	11,917	12,712	13,220	12,032	11,139	12,522	13,526	12,518	12,264	13,272	14,197
Other Current Liabilities	6,463	5,140	5,613	5,099	5,742	5,058	4,886	5,315	5,791	4,868	5,257	5,516	6,307	5,369	5,424	5,497	6,181	6,679	7,509	8,415
Total Current Liabilities	38,658	35,142	37,726	35,106	33,142	28,853	29,648	32,397	34,122	30,606	32,513	30,993	31,505	30,466	31,844	34,056	33,619	35,832	36,616	36,542
Long-Term Debt	54,836	55,174	55,219	56,371	49,884	52,980	52,929	54,033	50,121	48,828	50,691	53,826	46,189	44,942	44,328	46,545	44,917	46,926	48,735	51,206
Long-Term Leases	2,547	2,646	2,735	2,753	2,655	2,757	2,546	2,583	2,568	2,476	1,986	2,094	2,190	2,103	2,182	2,358	2,462	3,192	3,278	3,379
Other Long-Term Liabilities	23,099	25,360	25,317	24,485	24,102	25,218	24,621	24,823	25,816	24,256	24,752	25,051	25,338	28,191	29,673	31,204	32,008	35,908	36,119	35,988
Total Long-Term Liabilities	80,482	83,180	83,271	83,609	76,641	80,955	80,096	81,439	78,505	75,560	77,429	80,971	73,717	75,236	76,183	80,107	79,387	86,026	88,132	90,573
Total Liabilities	119,139	118,322	120,998	118,714	109,783	109,809	109,745	113,836	112,628	106,165	109,942	111,964	105,222	105,703	108,026	114,162	113,005	121,858	124,747	127,116
Common Stock	63,318	62,819	62,392	61,913	61,380	61,013	60,501	60,145	59,643	59,313	58,963	58,675	58,343	58,117	57,802	57,603	57,319	57,189	56,912	56,788
Treasury Stock	-170,605	-170,512	-170,209	-170,160	-169,968	-169,935	-169,815	-169,759	-169,624	-169,640	-169,581	-169,544	-169,484	-169,514	-169,522	-169,422	-169,392	-169,406	-169,404	-169,360
Accumulated Other Comprehensive Income	-15,713	-15,983	-16,041	-15,575	-15,269	-16,418	-18,319	-18,488	-18,761	-16,098	-16,499	-16,780	-16,740	-17,138	-22,169	-22,532	-23,234	-27,302	-27,652	-28,257
Retained Earnings	155,648	151,581	151,367	150,703	151,163	149,789	151,659	151,362	151,276	149,506	149,318	149,253	149,825	148,611	153,298	153,401	154,209	161,747	162,086	162,218
Total Common Shareholders' Equity	32,648	27,905	27,509	26,880	27,307	24,448	24,026	23,261	22,533	23,081	22,201	21,604	21,944	20,076	19,409	19,050	18,901	22,228	21,942	21,389
Minority Interest	93	85	79	72	86	82	77	72	80	75	70	68	77	71	67	62	95	129	125	124
Shareholders' Equity	32,740	27,990	27,588	26,953	27,393	24,530	24,103	23,333	22,613	23,156	22,271	21,672	22,021	20,147	19,476	19,112	18,996	22,357	22,067	21,513
Total Liabilities & Equity	151,880	146,312	148,585	145,667	137,175	134,339	133,848	137,169	135,241	129,321	132,213	133,637	127,243	125,850	127,503	133,275	132,001	144,214	146,814	148,629
Total Debt	64,607	66,569	67,719	66,835	58,396	60,126	59,839	62,871	59,935	58,525	60,304	61,676	54,013	53,826	53,375	57,547	55,140	58,978	59,789	61,120
Net Cash (Debt)	-50,190	-51,714	-52,272	-49,370	-43,805	-46,424	-46,148	-43,756	-46,494	-47,547	-44,006	-44,282	-45,275	-44,257	-45,817	-47,063	-47,890	-50,923	-51,839	-49,989
Net Cash Per Share	-52.70	-54.50	-55.14	-52.22	-46.48	-50.27	-49.39	-46.88	-50.14	-51.48	-47.86	-48.25	-49.98	-48.95	-50.31	-51.76	-52.82	-56.21	-57.33	-55.44
Book Value	32,648	27,905	27,509	26,880	27,307	24,448	24,026	23,261	22,533	23,081	22,201	21,604	21,944	20,076	19,409	19,050	18,901	22,228	21,942	21,389
Book Value Per Share	34.28	29.41	29.02	28.43	28.98	26.47	25.71	24.92	24.30	24.99	24.15	23.54	24.23	22.21	21.31	20.95	20.85	24.54	24.27	23.72
Tangible Book Value	-46,460	-51,220	-52,250	-51,577	-44,059	-47,734	-45,641	-47,023	-48,681	-47,793	-44,680	-45,494	-45,189	-45,109	-47,201	-44,623	-49,253	-52,175	-53,242	-52,130
Tangible Book Value Per Share	-48.78	-53.98	-55.12	-54.56	-46.75	-51.68	-48.85	-50.38	-52.50	-51.74	-48.59	-49.57	-49.89	-49.90	-51.83	-49.08	-54.33	-57.59	-58.88	-57.81

Updated Jan 28, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q