International Business Machines
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of International Business Machines (IBM). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Software | $23.43B 41.7% | $23.63B 39.6% · +0.9% | $25.01B 40.8% · +5.8% | $27.09B 43.3% · +8.3% | $29.96B 44.4% · +10.6% |
| Consulting | $17.84B 31.7% | $20.06B 33.6% · +12.4% | $20.88B 34.1% · +4.1% | $20.69B 33.1% · -0.9% | $21.06B 31.2% · +1.8% |
| Infrastructure | $14.19B 25.2% | $15.29B 25.6% · +7.8% | $14.59B 23.8% · -4.5% | $14.02B 22.4% · -3.9% | $15.72B 23.3% · +12.1% |
| Financing | $774.0M 1.4% | $645.0M 1.1% · -16.7% | $741.0M 1.2% · +14.9% | $713.0M 1.1% · -3.8% | $737.0M 1.1% · +3.4% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Revenue by region
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Americas | WBW27.12B 49.1% | WBW28.30B 49.3% · +4.4% | WBW31.06B 51.3% · +9.7% | WBW31.67B 51.2% · +2.0% | WBW31.27B 49.8% · -1.3% | WBW33.34B 49.4% · +6.6% |
| EMEA | WBW16.77B 30.4% | WBW17.45B 30.4% · +4.1% | WBW17.95B 29.7% · +2.9% | WBW18.49B 29.9% · +3.0% | WBW19.43B 31.0% · +5.1% | WBW22.19B 32.9% · +14.2% |
| Asia Pacific | WBW11.29B 20.5% | WBW11.60B 20.2% · +2.8% | WBW11.52B 19.0% · -0.7% | WBW11.70B 18.9% · +1.6% | WBW12.06B 19.2% · +3.0% | WBW12.00B 17.8% · -0.4% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Revenue by product line
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Sales | WBW26.57B 48.2% | WBW27.35B 47.7% · +2.9% | WBW29.67B 49.0% · +8.5% | WBW30.75B 49.7% · +3.6% | WBW32.23B 51.4% · +4.8% | WBW36.09B 53.4% · +12.0% |
| Services | WBW27.63B 50.1% | WBW29.23B 51.0% · +5.8% | WBW30.21B 49.9% · +3.4% | WBW30.38B 49.1% · +0.6% | WBW29.81B 47.5% · -1.9% | WBW30.71B 45.5% · +3.0% |
| Financing. | WBW984.0M 1.8% | WBW780.0M 1.4% · -20.7% | WBW651.0M 1.1% · -16.5% | WBW737.0M 1.2% · +13.2% | WBW709.0M 1.1% · -3.8% | WBW737.0M 1.1% · +3.9% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 7, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.