International Business Machines Corporation (IBM)

IBM Income Statement

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

Fiscal Quarter	Q3 2026	Q2 2026	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
Period Ending	Sep 30, 2026	Jun 30, 2026	Mar 31, 2026	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
Operating Revenue	69,092	68,311	68,146	66,799	64,678	63,334	62,125	62,044	61,867	61,646	61,336	61,123	60,433	59,797	59,893	59,879	59,880	59,015	57,638	56,571
Other Revenue	776	784	765	736	724	705	707	709	713	720	734	737	738	728	692	651	654	663	725	780
Revenue	69,868	69,095	68,911	67,535	65,402	64,039	62,832	62,753	62,580	62,366	62,070	61,860	61,171	60,525	60,585	60,530	60,534	59,678	58,363	57,351
Revenue Growth (YoY)	6.83%	7.90%	9.68%	7.62%	4.51%	2.68%	1.23%	1.44%	2.30%	3.04%	2.45%	2.20%	1.05%	1.42%	3.81%	5.54%	42.16%	27.27%	14.90%	3.94%
Cost of Revenue	28,924	28,511	28,273	27,836	27,203	26,793	26,618	26,832	26,835	27,019	27,166	27,178	27,116	27,038	27,304	27,436	27,546	27,001	26,072	25,331
Gross Profit	40,499	40,143	40,215	39,296	37,808	36,869	35,840	35,552	35,379	34,982	34,533	34,300	33,666	33,072	32,863	32,688	32,556	32,233	31,796	31,486
Selling, General & Admin	19,387	19,468	19,542	19,326	19,127	19,115	19,131	19,281	19,079	18,799	18,581	18,964	18,599	18,757	18,995	19,263	19,581	19,656	19,681	20,027
Research & Development	9,046	8,750	8,535	8,312	8,096	7,890	7,633	7,479	7,260	7,069	6,916	6,775	6,631	6,557	6,543	6,567	6,588	6,583	6,551	6,488
Other Operating Expenses	-778	-834	-883	-964	-987	-1,006	-1,033	-996	-938	-890	-900	-860	-850	-781	-699	-663	-576	-598	-557	-612
Operating Expenses	27,655	27,384	27,194	26,674	26,236	25,999	25,731	25,764	25,401	24,978	24,597	24,879	24,380	24,533	24,839	25,167	25,593	25,641	25,675	25,903
Operating Income	12,844	12,759	13,021	12,622	11,572	10,870	10,109	9,788	9,978	10,004	9,936	9,421	9,286	8,539	8,024	7,521	6,963	6,592	6,121	5,583
Interest Expense	-1,929	-1,929	-1,953	-1,935	-1,881	-1,818	-1,735	-1,712	-1,693	-1,676	-1,672	-1,607	-1,515	-1,399	-1,272	-1,216	-1,206	-1,200	-1,186	-1,155
Interest & Investment Income	457	520	606	645	663	683	728	747	740	726	710	670	591	487	315	162	111	73	55	52
Currency Exchange Gain (Loss)	-175	-285	-446	-352	-182	-146	24	-57	-247	-261	-235	-99	150	368	398	418	391	243	124	-1
Other Non Operating Income (Expenses)	272	292	238	233	254	205	294	351	339	366	273	266	454	92	381	185	260	574	310	225
EBT Excluding Unusual Items	11,469	11,357	11,466	11,213	10,426	9,794	9,420	9,117	9,117	9,159	9,012	8,651	8,966	8,087	7,846	7,070	6,519	6,282	5,424	4,704
Merger & Restructuring Charges	-1,060	-1,035	-937	-877	-545	-773	-758	-819	-835	-577	-643	-	-457	-412	-319	-	-41	-32	-126	-
Gain (Loss) on Sale of Investments	98	118	31	-7	-2	-	-19	20	56	57	54	39	-19	75	-65	-278	-132	-234	-91	133
Gain (Loss) on Sale of Assets	-	-	-	-	-	351	351	592	637	286	282	-	-246	13	23	258	282	33	31	-
Other Unusual Items	-	-	-	-	-388	-3,113	-3,113	-3,113	-2,725	-	-	-	-	-5,894	-5,894	-5,894	-5,916	-22	-22	-
Pretax Income	10,507	10,440	10,560	10,329	9,491	6,259	5,881	5,797	6,250	8,925	8,705	8,690	8,244	1,869	1,591	1,156	712	6,027	5,216	4,837
Income Tax Expense	-653	-265	-173	-242	1,572	401	387	-218	-123	521	550	1,176	1,146	-301	-463	-626	-664	400	244	124
Earnings From Continuing Operations	11,160	10,705	10,733	10,571	7,919	5,858	5,494	6,015	6,373	8,404	8,155	7,514	7,098	2,170	2,054	1,782	1,376	5,627	4,972	4,713
Earnings From Discontinued Operations	11	20	21	22	-12	-25	-21	8	24	26	25	-12	-174	-145	-221	-143	-114	-39	549	1,030
Net Income	11,171	10,725	10,754	10,593	7,907	5,833	5,473	6,023	6,397	8,430	8,180	7,502	6,924	2,025	1,833	1,639	1,262	5,588	5,521	5,743
Net Income to Common	11,171	10,725	10,754	10,593	7,907	5,833	5,473	6,023	6,397	8,430	8,180	7,502	6,924	2,025	1,833	1,639	1,262	5,588	5,521	5,743
Net Income Growth (YoY)	41.28%	83.87%	96.49%	75.88%	23.61%	-30.81%	-33.09%	-19.71%	-7.61%	316.30%	346.26%	357.72%	448.65%	-63.76%	-66.80%	-71.46%	-73.52%	4.76%	2.81%	2.74%
Shares Outstanding (Basic)	940	938	935	932	930	927	924	922	919	916	914	911	909	907	905	903	901	899	897	896
Shares Outstanding (Diluted)	953	952	950	949	946	940	940	937	933	933	926	922	926	917	914	912	903	908	907	905
Shares Change (YoY)	0.71%	1.26%	1.09%	1.23%	1.36%	0.69%	1.53%	1.64%	0.77%	1.84%	1.26%	1.07%	2.59%	0.93%	0.87%	0.84%	0.02%	0.84%	0.92%	0.90%
EPS (Basic)	11.88	11.44	11.50	11.36	8.51	6.29	5.92	6.53	6.96	9.20	8.95	8.23	7.62	2.23	2.03	1.82	1.40	6.22	6.15	6.41
EPS (Diluted)	11.72	11.27	11.31	11.16	8.36	6.21	5.83	6.43	6.86	9.03	8.84	8.14	7.47	2.21	2.00	1.79	1.39	6.15	6.10	6.35
EPS Growth (YoY)	40.22%	81.40%	94.15%	73.65%	21.91%	-31.18%	-34.06%	-21.00%	-8.20%	309.21%	341.39%	353.76%	436.48%	-64.14%	-67.18%	-71.75%	-73.66%	3.68%	2.16%	1.86%

Additional Metrics

Fiscal Quarter	Q3 2026	Q2 2026	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
Period Ending	Sep 30, 2026	Jun 30, 2026	Mar 31, 2026	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
Free Cash Flow	14,656	13,790	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
Free Cash Flow Per Share	15.38	14.49	13.59	12.76	13.18	13.02	13.40	13.23	13.43	13.62	14.19	13.76	13.04	11.88	10.49	9.96	8.45	9.03	10.24	11.87
Dividend Per Share	6.740	6.730	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
Dividend Growth (YoY)	0.60%	0.60%	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%
Gross Margin	57.97%	58.10%	58.36%	58.19%	57.81%	57.57%	57.04%	56.65%	56.53%	56.09%	55.64%	55.45%	55.04%	54.64%	54.24%	54.00%	53.78%	54.01%	54.48%	54.90%
Operating Margin	18.38%	18.47%	18.89%	18.69%	17.69%	16.97%	16.09%	15.60%	15.94%	16.04%	16.01%	15.23%	15.18%	14.11%	13.24%	12.43%	11.50%	11.05%	10.49%	9.74%
Profit Margin	15.99%	15.52%	15.61%	15.68%	12.09%	9.11%	8.71%	9.60%	10.22%	13.52%	13.18%	12.13%	11.32%	3.35%	3.03%	2.71%	2.08%	9.36%	9.46%	10.01%
Free Cash Flow Margin	20.98%	19.96%	18.74%	17.92%	19.07%	19.11%	20.04%	19.75%	20.03%	20.39%	21.17%	20.51%	19.75%	17.99%	15.84%	15.02%	12.60%	13.74%	15.90%	18.72%
EBITDA	16,634	16,473	16,665	16,172	15,081	14,179	13,277	12,886	13,044	12,736	12,659	12,257	11,837	11,842	11,796	10,775	12,009	12,159	12,122	11,309
EBITDA Margin	23.81%	23.84%	24.18%	23.95%	23.06%	22.14%	21.13%	20.53%	20.84%	20.42%	20.39%	19.81%	19.35%	19.56%	19.47%	17.80%	19.84%	20.37%	20.77%	19.72%
D&A For EBITDA	3,790	3,714	3,644	3,550	3,509	3,309	3,168	3,098	3,066	2,732	2,723	2,836	2,551	3,303	3,772	3,254	5,046	5,567	6,001	5,726
EBIT	12,844	12,759	13,021	12,622	11,572	10,870	10,109	9,788	9,978	10,004	9,936	9,421	9,286	8,539	8,024	7,521	6,963	6,592	6,121	5,583
EBIT Margin	18.38%	18.47%	18.89%	18.69%	17.69%	16.97%	16.09%	15.60%	15.94%	16.04%	16.01%	15.23%	15.18%	14.11%	13.24%	12.43%	11.50%	11.05%	10.49%	9.74%
Effective Tax Rate	-	-	-	-	16.56%	6.41%	6.58%	-	-	5.84%	6.32%	13.53%	13.90%	-	-	-	-	6.64%	4.68%	2.56%
Revenue as Reported	69,868	69,095	68,911	67,535	65,403	64,041	62,832	62,753	62,580	62,364	62,070	61,860	61,169	60,525	60,585	60,530	60,534	59,677	58,360	57,350
Advertising Expenses	-	-	-	1,129	-	-	-	1,173	-	-	-	1,237	-	-	-	1,330	-	-	-	1,413

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Oct 22, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Oct 25, 2026

Data Sources Report a data error