International Business Machines Corporation (IBM)

IBM Balance Sheet

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

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
Period Ending	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	Dec 31, 2020
Cash & Equivalents	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	13,188
Short-Term Investments	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	600
Cash & Short-Term Investments	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	13,788
Cash Growth	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%	55.48%
Accounts Receivable	6,065	6,469	6,322	7,237	5,962	6,309	6,568	7,719	5,784	6,120	6,218	7,005	6,048	6,398	6,480	7,225	7,175	7,374	6,980	6,215
Other Receivables	1,160	1,162	893	918	923	701	692	629	730	792	770	677	711	909	1,000	1,000	899	802	787	695
Receivables	7,225	7,631	7,215	8,155	6,885	7,010	7,260	8,348	6,514	6,912	6,988	7,682	6,759	7,307	7,480	8,225	8,074	8,176	7,767	6,910
Inventory	1,397	1,251	1,431	1,289	1,368	1,234	1,212	1,161	1,398	1,501	1,603	1,552	1,794	1,683	1,776	1,649	1,891	1,807	1,828	1,812
Finance Div. Loans and Leases	5,156	5,586	5,128	6,259	5,256	5,075	4,877	6,102	5,032	5,564	6,057	6,851	6,280	6,619	6,759	7,221	7,161	8,194	8,822	10,509
Finance Div. Other Current Assets	745	746	588	900	509	723	644	692	593	865	605	939	395	614	410	793	-	-	-	383
Prepaid Expenses	1,903	1,972	2,041	1,512	1,752	1,820	1,949	1,830	1,697	1,914	1,895	1,876	1,922	2,160	2,520	1,830	2,015	1,869	1,739	1,579
Restricted Cash	30	83	126	214	17	2,268	162	21	19	31	198	103	159	220	286	307	352	215	142	463
Other Current Assets	1,429	1,537	1,342	1,562	1,054	1,478	1,444	1,313	1,474	1,373	1,242	1,377	2,121	1,735	1,615	2,264	2,419	2,563	2,609	3,721
Total Current Assets	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	39,165
Property, Plant & Equipment	9,074	9,257	9,065	8,929	8,969	8,730	8,798	8,721	8,481	8,096	8,133	8,212	7,890	8,123	8,666	8,916	13,391	13,810	13,935	9,771
Long-Term Investments	1,448	1,553	1,631	1,691	1,868	1,732	1,566	1,589	1,581	1,577	1,584	1,610	1,610	1,678	1,742	1,783	1,944	1,955	2,061	216
Goodwill	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	56,106	55,643	61,378	61,645	59,984	53,765
Other Intangible Assets	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	12,312	12,511	13,025	13,539	13,535	13,739
Finance Div. Loans and Leases Long-Term	6,258	6,171	4,920	5,353	4,931	5,483	4,927	5,766	4,789	5,221	5,065	5,806	4,781	5,316	4,610	5,425	5,046	5,674	5,922	7,086
Long-Term Deferred Tax Assets	8,505	8,475	7,594	6,978	6,943	6,378	6,465	6,656	6,168	6,340	6,419	6,256	6,868	7,073	7,567	7,370	8,967	8,954	8,953	8,404
Long-Term Deferred Charges	768	795	769	788	788	820	810	842	822	897	846	866	818	865	916	924	2,248	2,362	2,336	1,150
Other Long-Term Assets	8,394	8,322	7,795	7,588	8,015	7,639	7,556	7,545	8,901	8,743	8,510	8,242	9,699	9,942	10,026	9,890	8,248	8,101	7,865	22,675
Total Assets	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	155,971
Accounts Payable	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	4,033
Accrued Expenses	6,619	6,726	6,903	7,052	6,476	6,147	6,700	6,728	6,395	6,562	6,390	7,046	6,596	6,743	6,519	7,036	8,231	9,016	8,754	7,935
Short-Term Debt	1	1	1	30	9	1	2	1	13	5	6	-	196	230	13	22	943	36	36	130
Current Portion of Long-Term Debt	7,941	8,944	6,912	4,861	3,590	3,601	5,469	6,304	6,401	6,780	4,881	4,685	5,741	5,751	7,677	6,729	6,632	6,406	5,162	6,956
Current Portion of Leases	807	820	798	966	790	762	784	941	807	842	869	949	844	884	954	1,010	1,285	1,334	1,337	1,065
Current Income Taxes Payable	1,663	1,681	1,573	2,033	1,584	1,691	1,710	2,270	1,559	1,606	1,650	2,196	1,667	1,742	1,798	2,289	2,159	2,260	2,640	3,198
Current Unearned Revenue	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	12,146
Other Current Liabilities	366	558	277	261	248	172	93	295	172	274	249	546	477	265	116	60	69	78	276	4,406
Total Current Liabilities	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	35,831	36,616	36,542	39,869
Long-Term Debt	54,027	54,039	55,340	49,081	52,102	52,106	53,328	49,742	48,525	50,423	53,594	46,025	44,783	44,220	46,445	44,854	46,569	48,386	50,889	54,157
Long-Term Leases	3,793	3,915	3,784	3,458	3,635	3,369	3,288	2,947	2,779	2,254	2,326	2,354	2,262	2,290	2,458	2,525	3,549	3,627	3,696	2,780
Long-Term Unearned Revenue	3,863	3,913	3,844	3,622	3,666	3,489	3,488	3,533	3,085	3,264	3,443	3,499	3,018	3,069	3,423	3,577	3,965	4,113	4,153	3,758
Pension & Post-Retirement Benefits	9,735	9,882	9,536	9,432	10,366	10,200	10,421	10,808	9,090	9,385	9,509	9,596	11,760	13,118	13,937	14,435	16,764	17,265	17,346	17,184
Long-Term Deferred Tax Liabilities	-	-	-	815	-	-	-	1,146	-	-	-	2,292	-	-	-	3,956	-	-	-	4,958
Other Long-Term Liabilities	11,762	11,522	11,105	10,232	11,187	10,933	10,914	10,330	12,080	12,103	12,100	9,951	13,414	13,486	13,844	10,039	15,179	14,740	14,490	12,539
Total Liabilities	118,322	120,997	118,715	109,782	109,809	109,745	113,836	112,628	106,165	109,942	111,965	105,222	105,703	108,027	114,163	113,005	121,857	124,747	127,116	135,245
Common Stock	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	56,556
Retained Earnings	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	162,717
Treasury Stock	-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	-169,339
Comprehensive Income & Other	-15,983	-16,041	-15,576	-15,268	-16,419	-18,319	-18,487	-18,762	-16,098	-16,499	-16,780	-16,740	-17,138	-22,169	-22,532	-23,235	-27,302	-27,652	-28,257	-29,337
Total Common Equity	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	20,597
Minority Interest	85	79	72	86	82	77	72	80	75	70	68	77	71	67	62	95	129	125	124	129
Shareholders' Equity	27,990	27,588	26,952	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	20,726
Total Liabilities & Equity	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	155,971
Total Debt	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	65,088
Net Cash (Debt)	-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	-51,300
Net Cash Per Share	-54.66	-55.40	-52.51	-46.74	-49.74	-49.44	-47.25	-50.42	-51.33	-48.01	-48.43	-49.63	-49.02	-50.45	-51.92	-52.94	-56.41	-57.56	-55.65	-57.22
Filing Date Shares Outstanding	934.74	931.52	929.4	927.26	924.65	921.15	918.6	916.74	913.12	911.01	908.05	907.11	904.13	903.18	899.44	899.31	896.8	896.32	893.52	893.59
Total Common Shares Outstanding	934.74	931.52	929.4	926.29	924.65	921.15	918.6	915.01	913.12	911.01	908.05	906.09	904.13	903.18	899.44	898.07	896.8	896.32	893.52	892.65
Working Capital	-2,402	-3,473	230	1,340	1,690	3,651	4,266	-1,214	-2,901	1,945	4,989	-2,387	-1,467	-3,948	-2,726	-4,080	-5,864	-5,842	-2,504	-704
Book Value Per Share	29.85	29.53	28.92	29.48	26.44	26.08	25.32	24.63	25.28	24.37	23.79	24.22	22.20	21.49	21.18	21.05	24.79	24.48	23.94	23.07
Tangible Book Value	-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	-49,368	-49,253	-52,175	-53,242	-52,130	-46,907
Tangible Book Value Per Share	-54.80	-56.09	-55.50	-47.57	-51.62	-49.55	-51.19	-53.20	-52.34	-49.04	-50.10	-49.87	-49.89	-52.26	-54.89	-54.84	-58.18	-59.40	-58.34	-52.55
Land	-	-	-	179	-	-	-	182	-	-	-	213	-	-	-	224	-	-	-	234
Buildings	-	-	-	4,825	-	-	-	5,333	-	-	-	5,678	-	-	-	6,049	-	-	-	6,407
Machinery	-	-	-	12,687	-	-	-	12,607	-	-	-	12,804	-	-	-	13,811	-	-	-	13,460

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

SEC Filings: 10-K · 10-Q