International Business Machines (IBM) Financials: History & Chart

International Business Machines Corporation (IBM)IBMInternational Business Machines Corporation

About International Business Machines Corporation

International Business Machines Corporation (IBM) delivers comprehensive technology solutions and services across the globe. The company's operations are structured into four primary segments: Software, Consulting, Infrastructure, and Financing. The Software division provides hybrid cloud platforms and a range of software offerings, including Red Hat's enterprise open-source solutions. It also develops software for business automation, AIOps and management, integration, and application servers, in addition to data and artificial intelligence tools. This segment further supplies security software and services for threat, data, and identity management, and offers critical transaction processing software that supports essential on-premise workloads for industries such as banking, airlines, and retail. The Consulting arm delivers business transformation services, which encompass strategy development, business process design and operational improvements, data and analytics insights, and system integration. It additionally provides technology consulting and specialized application and cloud platform services. IBM's Infrastructure segment offers both on-premises and cloud-based server and storage solutions, specifically tailored for clients' crucial and regulated operations. It also extends support and solutions for hybrid cloud infrastructure, alongside remanufacturing and remarketing services for used equipment. The Financing segment provides various financial services, such as leasing, installment payment plans, loan financing, and short-term working capital solutions. Originally established in 1911 as the Computing-Tabulating-Recording Co., the company is now known as International Business Machines Corporation and maintains its headquarters in Armonk, New York.

Armonk, NY

286,800 employees

www.ibm.com

Technology / Information Technology Services

Sector: Technology
Industry: Information Technology Services
CEO: Arvind Krishna

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Financials

SEC Filings

Quarterly Income Statement (USD)

Swipe horizontally to review earlier periods. The line-item column stays pinned.

Quarterly Report	TTM	Quarter ended Jun 2026	Quarter ended Mar 2026	Quarter ended Dec 2025	Quarter ended Sep 2025	Quarter ended Jun 2025	Quarter ended Mar 2025	Quarter ended Dec 2024	Quarter ended Sep 2024
Revenue	69.10B	17.16B	15.92B	19.69B	16.33B	16.98B	14.54B	17.55B	14.97B
Cost of Goods Sold	28.72B	7.25B	6.97B	7.76B	6.74B	7.00B	6.51B	7.11B	6.55B
Gross Profit	40.38B	9.91B	8.95B	11.93B	9.59B	9.98B	8.03B	10.44B	8.42B
Gross Profit Margin	58.4%	57.7%	56.2%	60.6%	58.7%	58.8%	55.2%	59.5%	56.3%
Total Operating Expenses	28.03B	7.29B	6.73B	7.08B	6.93B	6.89B	6.27B	6.54B	6.24B
Research & Development	8.75B	2.31B	2.17B	2.19B	2.08B	2.10B	1.95B	1.97B	1.88B
Selling, General & Administrative	18.96B	4.98B	4.40B	4.83B	4.75B	4.67B	4.26B	4.59B	4.31B
Operating Income (EBIT)	12.34B	2.62B	2.22B	4.85B	2.66B	3.09B	1.76B	3.90B	2.18B
Operating Margin	17.9%	15.2%	13.9%	24.6%	16.3%	18.2%	12.1%	22.2%	14.5%
Income Before Tax (EBT)	10.44B	2.48B	1.39B	4.14B	2.43B	2.60B	1.16B	3.31B	-802.00M
Interest Income	434.00M	N/A	152.00M	132.00M	150.00M	172.00M	191.00M	150.00M	170.00M
Interest Expense	1.93B	486.00M	473.00M	478.00M	492.00M	510.00M	455.00M	424.00M	429.00M
Other Income/Expense	-1.90B	-136.00M	-832.00M	-706.00M	-230.00M	-489.00M	-607.00M	-595.00M	-2.98B
Net Income	10.72B	2.17B	1.22B	5.60B	1.74B	2.19B	1.05B	2.91B	-330.00M
Income Tax Expense	-264.00M	313.00M	172.00M	-1.44B	686.00M	404.00M	103.00M	379.00M	-485.00M
Net Profit Margin	15.5%	12.6%	7.6%	28.4%	10.7%	12.9%	7.3%	16.6%	-2.2%
EBITDA	16.20B	2.62B	3.49B	6.14B	3.94B	4.35B	2.94B	5.01B	3.44B
EBITDA Margin	23.4%	15.2%	21.9%	31.2%	24.1%	25.6%	20.2%	28.6%	23.0%
Depreciation & Amortization	3.85B	0.00	1.27B	1.30B	1.28B	1.26B	1.18B	1.11B	1.27B
EPS Basic	11.45	2.30	1.30	5.98	1.87	2.36	1.14	3.15	-0.36
EPS Diluted	11.30	2.30	1.28	5.88	1.84	2.31	1.12	3.09	-0.36
Shares Outstanding	939.90M	939.90M	938.50M	936.50M	933.90M	929.40M	928.00M	926.00M	923.60M
Diluted Shares Outstanding	952.70M	952.70M	952.10M	952.40M	948.90M	946.70M	945.40M	942.40M	923.60M

Annual Income Statement (USD)

Swipe horizontally to review earlier years. The line-item column stays pinned.

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	67.54B	62.75B	61.86B	60.53B	57.35B	55.18B	57.71B	79.59B
Cost of Goods Sold	28.24B	27.20B	27.56B	27.84B	25.86B	24.31B	26.18B	42.66B
Gross Profit	39.30B	35.55B	34.30B	32.69B	31.49B	30.86B	31.53B	36.94B
Gross Profit Margin	58.2%	56.7%	55.4%	54.0%	54.9%	55.9%	54.6%	46.4%
Total Operating Expenses	26.80B	25.48B	24.48B	24.51B	24.62B	26.20B	24.00B	23.72B
Research & Development	8.32B	7.48B	6.78B	6.57B	6.49B	6.26B	5.91B	5.38B
Selling, General & Administrative	18.14B	17.91B	17.56B	18.61B	18.75B	20.56B	18.72B	19.37B
Operating Income (EBIT)	12.49B	10.07B	9.82B	8.17B	6.87B	4.66B	7.54B	13.22B
Operating Margin	18.5%	16.1%	15.9%	13.5%	12.0%	8.4%	13.1%	16.6%
Income Before Tax (EBT)	10.33B	5.80B	8.69B	1.16B	4.84B	2.57B	7.21B	11.34B
Interest Income	645.00M	747.00M	670.00M	162.00M	52.00M	105.00M	349.00M	264.00M
Interest Expense	1.94B	1.71B	1.61B	1.22B	1.16B	1.29B	1.02B	686.00M
Other Income/Expense	-2.16B	-4.28B	-1.13B	-7.02B	-2.03B	-2.09B	-332.00M	-1.88B
Net Income	10.59B	6.02B	7.50B	1.64B	5.74B	5.59B	9.43B	8.73B
Income Tax Expense	-242.00M	-218.00M	1.18B	-626.00M	124.00M	-1.36B	60.00M	2.62B
Net Profit Margin	15.7%	9.6%	12.1%	2.7%	10.0%	10.1%	16.3%	11.0%
EBITDA	17.51B	14.74B	14.22B	12.98B	13.28B	11.36B	13.60B	17.70B
EBITDA Margin	25.9%	23.5%	23.0%	21.4%	23.2%	20.6%	23.6%	22.2%
Depreciation & Amortization	5.02B	4.67B	4.40B	4.80B	6.42B	6.70B	6.06B	4.48B
EPS Basic	11.36	6.53	8.23	1.82	6.41	6.28	10.63	9.57
EPS Diluted	11.17	6.43	8.14	1.80	6.35	6.23	10.56	9.53
Shares Outstanding	932.30M	937.20M	911.21M	902.66M	895.99M	890.35M	887.24M	912.00M
Diluted Shares Outstanding	948.70M	937.20M	922.07M	912.27M	904.64M	896.56M	892.81M	916.30M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.