International Business Machines

Technology · Information Technology Services

232.80$ +0.6% vs. previous close Closing price · As of: Sep 23, 2026

Statements

Income Statement

International Business Machines (IBM) by the numbers: income statement, balance sheet and cash flow, by year or by quarter. In the most recent period (2025), "Revenue" came in at 67,536 million USD. Tick rows to compare them in a chart.

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Amounts Change % Common size % Per share

Last 12 Full history

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All figures in millions of USD.

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Income Statement IBM
Line item	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	73,424	78,508	81,667	87,548	88,396	83,067	81,186	89,131	96,293	91,134	91,424	98,786	103,630	95,758	99,871	106,916	102,874	98,368	92,793	81,742	79,920	79,139	79,591	57,714	73,621	57,351	60,530	61,860	62,753	67,536
Cost of Revenue	45,408	47,899	50,795	55,619	55,972	51,178	50,902	56,584	60,724	54,602	53,129	57,057	57,969	51,973	53,857	56,778	52,513	49,683	46,386	41,057	41,403	42,196	42,655	26,181	38,046	25,865	27,842	27,560	27,201	28,239
Gross Profit	28,016	30,609	30,872	31,929	32,424	31,889	30,284	32,547	35,569	36,532	38,295	41,729	45,661	43,785	46,014	50,138	50,361	48,684	46,407	40,684	38,516	36,943	36,936	31,533	35,575	31,486	32,687	34,300	35,551	39,297
Research & Development	5,089	4,877	5,046	5,273	5,151	4,986	4,750	5,314	5,874	5,842	6,107	6,153	6,337	5,820	6,026	6,258	5,816	5,743	5,437	5,247	5,726	5,590	5,379	5,910	6,333	6,488	6,567	6,631	7,479	8,316
Selling, General & Administrative	16,854	16,634	16,662	14,729	15,639	17,197	18,738	17,852	19,384	21,314	20,259	22,060	21,514	19,269	20,208	21,844	21,746	21,630	21,165	18,604	18,952	17,911	17,900	17,215	20,308	17,699	16,103	17,952	16,737	17,012
Total Operating Expenses	21,943	21,511	21,708	20,002	20,790	22,034	23,488	23,915	25,953	27,156	26,366	28,213	29,722	26,773	26,670	28,656	28,155	28,216	27,541	24,764	24,878	23,804	23,719	23,995	28,680	24,654	24,514	26,786	25,478	26,805
Operating Income	6,073	9,098	9,164	11,927	11,634	9,855	6,796	8,632	9,616	9,376	11,929	13,516	15,939	17,012	19,985	21,922	22,990	21,500	20,338	16,508	14,677	13,139	13,217	7,538	6,895	6,832	8,174	7,514	10,074	12,492
Interest Expense	716	728	713	727	717	0.0	145	145	139	220	278	611	673	402	368	411	459	402	484	468	630	663	686	1,022	1,288	1,155	1,216	1,607	1,712	1,935
Pre-Tax Income	8,587	9,027	9,040	11,757	11,534	11,450	7,524	9,417	10,669	12,226	13,317	14,489	16,715	18,138	19,723	21,003	22,540	20,244	19,986	15,945	12,330	11,400	11,342	7,206	4,637	4,837	1,156	8,690	5,797	10,328
Income Tax Expense	3,158	2,934	2,712	4,045	3,441	3,304	2,190	2,829	3,172	4,232	3,901	4,071	4,381	4,713	4,890	5,148	5,541	3,363	4,234	2,581	449	5,642	2,619	60	-864	124	-626	1,176	-218	-242
Net Income	5,429	6,093	6,328	7,712	8,093	7,723	3,579	6,558	7,479	7,934	9,492	10,418	12,334	13,425	14,833	15,855	16,604	16,483	12,022	13,190	11,872	5,753	8,728	9,431	5,590	5,742	1,640	7,502	6,023	10,593
EBITDA	14,315	14,756	14,745	19,069	17,246	14,361	12,162	14,478	15,723	17,634	18,578	20,301	22,838	23,534	24,922	26,229	27,675	25,324	24,962	20,268	17,341	16,556	16,545	14,609	12,709	13,438	7,174	7,514	12,176	17,284

Data as of: September 23, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)

Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.

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