International Business Machines Corporation (IBM)
NYSE: IBM · Real-Time Price · USD
252.11
+0.65 (0.26%)
At close: Oct 22, 2026, 4:00 PM EDT
251.00
-1.11 (-0.44%)
After-hours: Oct 22, 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 | Sep '26 Sep 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 |
Operating Revenue | 68,994 | 66,799 | 62,044 | 61,123 | 59,879 | 56,571 |
Other Revenue | 874 | 736 | 709 | 737 | 651 | 780 |
| 69,868 | 67,535 | 62,753 | 61,860 | 60,530 | 57,351 | |
Revenue Growth | 6.83% | 7.62% | 1.44% | 2.20% | 5.54% | 3.94% |
Cost of Revenue | 28,967 | 27,836 | 26,832 | 27,178 | 27,436 | 25,331 |
Gross Profit | 40,498 | 39,296 | 35,552 | 34,300 | 32,688 | 31,486 |
Selling, General & Admin | 19,578 | 19,326 | 19,281 | 18,964 | 19,263 | 20,027 |
Research & Development | 9,046 | 8,312 | 7,479 | 6,775 | 6,567 | 6,488 |
Other Operating Expenses | -778 | -964 | -996 | -860 | -663 | -612 |
Operating Expenses | 27,846 | 26,674 | 25,764 | 24,879 | 25,167 | 25,903 |
Operating Income | 12,652 | 12,622 | 9,788 | 9,421 | 7,521 | 5,583 |
Interest Expense | -1,929 | -1,935 | -1,712 | -1,607 | -1,216 | -1,155 |
Interest & Investment Income | 645 | 645 | 747 | 670 | 162 | 52 |
Currency Exchange Gain (Loss) | -352 | -352 | -57 | -99 | 418 | -1 |
Other Non Operating Income (Expenses) | 375 | 233 | 351 | 266 | 185 | 225 |
EBT Excluding Unusual Items | 11,391 | 11,213 | 9,117 | 8,651 | 7,070 | 4,704 |
Merger & Restructuring Charges | -877 | -877 | -819 | - | - | - |
Gain (Loss) on Sale of Investments | -7 | -7 | 20 | 39 | -278 | 133 |
Gain (Loss) on Sale of Assets | - | - | 592 | - | 258 | - |
Other Unusual Items | - | - | -3,113 | - | -5,894 | - |
Pretax Income | 10,507 | 10,329 | 5,797 | 8,690 | 1,156 | 4,837 |
Income Tax Expense | -653 | -242 | -218 | 1,176 | -626 | 124 |
Earnings From Continuing Operations | 11,160 | 10,571 | 6,015 | 7,514 | 1,782 | 4,713 |
Earnings From Discontinued Operations | 11 | 22 | 8 | -12 | -143 | 1,030 |
Net Income | 11,171 | 10,593 | 6,023 | 7,502 | 1,639 | 5,743 |
Net Income to Common | 11,171 | 10,593 | 6,023 | 7,502 | 1,639 | 5,743 |
Net Income Growth | 41.28% | 75.88% | -19.71% | 357.72% | -71.46% | 2.74% |
Shares Outstanding (Basic) | 940 | 932 | 922 | 911 | 903 | 896 |
Shares Outstanding (Diluted) | 953 | 949 | 937 | 922 | 912 | 905 |
Shares Change | 0.71% | 1.23% | 1.64% | 1.07% | 0.84% | 0.90% |
EPS (Basic) | 11.88 | 11.36 | 6.53 | 8.23 | 1.82 | 6.41 |
EPS (Diluted) | 11.72 | 11.16 | 6.43 | 8.14 | 1.79 | 6.35 |
EPS Growth | 40.22% | 73.65% | -21.00% | 353.76% | -71.75% | 1.86% |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 |
Free Cash Flow | 14,656 | 12,102 | 12,397 | 12,686 | 9,089 | 10,734 |
Free Cash Flow Per Share | 15.38 | 12.76 | 13.23 | 13.76 | 9.96 | 11.87 |
Dividend Per Share | 6.740 | 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 | 57.96% | 58.19% | 56.65% | 55.45% | 54.00% | 54.90% |
Operating Margin | 18.11% | 18.69% | 15.60% | 15.23% | 12.43% | 9.74% |
Profit Margin | 15.99% | 15.68% | 9.60% | 12.13% | 2.71% | 10.01% |
Free Cash Flow Margin | 20.98% | 17.92% | 19.75% | 20.51% | 15.02% | 18.72% |
EBITDA | 16,142 | 16,172 | 12,886 | 12,257 | 10,775 | 11,309 |
EBITDA Margin | 23.10% | 23.95% | 20.53% | 19.81% | 17.80% | 19.72% |
D&A For EBITDA | 3,490 | 3,550 | 3,098 | 2,836 | 3,254 | 5,726 |
EBIT | 12,652 | 12,622 | 9,788 | 9,421 | 7,521 | 5,583 |
EBIT Margin | 18.11% | 18.69% | 15.60% | 15.23% | 12.43% | 9.74% |
Effective Tax Rate | - | - | - | 13.53% | - | 2.56% |
Revenue as Reported | 69,868 | 67,535 | 62,753 | 61,860 | 60,530 | 57,350 |
Advertising Expenses | - | 1,129 | 1,173 | 1,237 | 1,330 | 1,413 |