International Business Machines Corporation (IBM)

NYSE: IBM · Real-Time Price · USD

214.19

+7.54 (3.65%)

At close: Jul 24, 2026, 4:00 PM EDT

212.98

-1.21 (-0.56%)

After-hours: Jul 24, 2026, 7:59 PM EDT

IBM Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	69,096	67,535	62,753	61,860	60,530	57,350
Revenue Growth (YoY)	7.90%	7.62%	1.44%	2.20%	5.54%	3.93%
Cost of Revenue	28,951	28,239	27,201	27,560	27,842	25,865
Gross Profit	40,145	39,297	35,551	34,300	32,687	31,486
Selling, General & Admin	20,280	20,123	19,688	19,003	18,609	18,745
Research & Development	8,753	8,316	7,479	6,775	6,567	6,488
Other Operating Expenses	-1,259	-1,406	875	-1,774	5,140	261
Total Operating Expenses	27,774	27,033	28,042	24,004	30,316	25,494
Operating Income	12,371	12,264	7,509	10,296	2,371	5,992
Interest Expense	-1,929	-1,935	-1,712	-1,607	-1,216	-1,155
Total Non-Operating Income (Expense)	-1,929	-1,935	-1,712	-1,607	-1,216	-1,155
Pretax Income	10,439	10,328	5,797	8,690	1,156	4,837
Provision for Income Taxes	-264	-242	-218	1,176	-626	124
Net Income	10,705	10,571	6,015	7,514	1,783	4,712
Earnings From Discontinued Operations	20	22	8	-12	-143	1,030
Net Income to Common	10,725	10,593	6,023	7,502	1,639	5,743
Net Income Growth	83.87%	75.88%	-19.71%	357.72%	-71.46%	2.74%
Shares Outstanding (Basic)	938	932	922	911	903	896
Shares Outstanding (Diluted)	952	949	937	922	912	905
Shares Change (YoY)	1.26%	1.23%	1.64%	1.07%	0.84%	0.90%
EPS (Basic)	11.45	11.36	6.53	8.23	1.82	5.26
EPS (Diluted)	11.27	11.17	6.43	8.14	1.80	5.21
EPS Growth	82.36%	73.72%	-21.01%	352.22%	-65.45%	18.95%
Free Cash Flow	13,790	12,102	12,397	12,686	9,089	10,734
Free Cash Flow Growth	12.67%	-2.38%	-2.28%	39.57%	-15.32%	-31.10%
Free Cash Flow Per Share	14.49	12.76	13.23	13.76	9.96	11.87
Dividends Per Share	6.730	6.710	6.670	6.630	6.590	6.550
Dividend Growth	0.60%	0.60%	0.60%	0.61%	0.61%	0.61%
Gross Margin	58.10%	58.19%	56.65%	55.45%	54.00%	54.90%
Operating Margin	17.90%	18.16%	11.97%	16.64%	3.92%	10.45%
Profit Margin	15.49%	15.65%	9.59%	12.15%	2.95%	8.22%
FCF Margin	19.96%	17.92%	19.76%	20.51%	15.02%	18.72%
EBITDA	17,573	17,285	12,176	14,692	7,173	12,409
EBITDA Margin	25.43%	25.59%	19.40%	23.75%	11.85%	21.64%
EBIT	12,371	12,264	7,509	10,296	2,371	5,992
EBIT Margin	17.90%	18.16%	11.97%	16.64%	3.92%	10.45%
Effective Tax Rate	-2.53%	-2.34%	-3.76%	13.53%	-54.15%	2.56%

SEC Filings: 10-K · 10-Q