IBM
International Business Machines Corporation
—
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IBM: International Business Machines Corporation Financials
IBM Income Statement
Total revenue
Net income
Gross margin TTM
59.5%
Operating margin TTM
15.29%
Net profit margin TTM
15.69%
Return on investment TTM
—
| Period end | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 |
|---|---|---|---|---|
| Total revenue | 67,535,000,000 | 62,753,000,000 | 61,860,000,000 | 60,530,000,000 |
| Operating income | 10,325,000,000 | 10,074,000,000 | 9,821,000,000 | 8,174,000,000 |
| Net income | 10,593,000,000 | 6,023,000,000 | 7,502,000,000 | 1,640,000,000 |
All line items
| Line item | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 |
|---|---|---|---|---|
| Total revenue | 67,535,000,000 | 62,753,000,000 | 61,860,000,000 | 60,530,000,000 |
| Cost of revenue | 27,350,000,000 | 27,201,000,000 | 27,560,000,000 | 27,842,000,000 |
| Gross profit | 40,185,000,000 | 35,551,000,000 | 34,300,000,000 | 32,687,000,000 |
| Research and development expenses | 8,320,000,000 | 7,479,000,000 | 6,775,000,000 | 6,567,000,000 |
| General and administrative expenses | 18,285,000,000 | 16,737,000,000 | 16,322,000,000 | 16,103,000,000 |
| Selling and marketing expenses | 3,255,000,000 | 1,173,000,000 | 1,237,000,000 | 2,506,000,000 |
| Selling, general and administrative expenses | 21,540,000,000 | 17,910,000,000 | 17,559,000,000 | 18,609,000,000 |
| Other expenses | 0 | 89,000,000 | 145,000,000 | -662,000,000 |
| Operating expenses | 29,860,000,000 | 25,478,000,000 | 24,479,000,000 | 24,514,000,000 |
| Cost and expenses | 57,210,000,000 | 52,679,000,000 | 52,039,000,000 | 52,356,000,000 |
| Net interest income | -1,935,000,000 | -965,000,000 | -937,000,000 | -1,054,000,000 |
| Interest income | 0 | 747,000,000 | 670,000,000 | 162,000,000 |
| Interest expense | 1,935,000,000 | 1,712,000,000 | 1,607,000,000 | 1,216,000,000 |
| Depreciation and amortization | 5,021,000,000 | 4,667,000,000 | 4,396,000,000 | 4,802,000,000 |
| EBITDA | 17,284,000,000 | 12,176,000,000 | 14,693,000,000 | 7,174,000,000 |
| EBIT | 12,263,000,000 | 7,509,000,000 | 10,297,000,000 | 2,372,000,000 |
| Non-operating income (excl. interest) | -1,938,000,000 | 2,565,000,000 | -476,000,000 | 5,802,000,000 |
| Operating income | 10,325,000,000 | 10,074,000,000 | 9,821,000,000 | 8,174,000,000 |
| Total other income/expenses (net) | 3,000,000 | -4,277,000,000 | -1,131,000,000 | -7,018,000,000 |
| Income before tax | 10,328,000,000 | 5,797,000,000 | 8,690,000,000 | 1,156,000,000 |
| Income tax expense | -242,000,000 | -218,000,000 | 1,176,000,000 | -626,000,000 |
| Net income from continuing operations | 10,570,000,000 | 6,015,000,000 | 7,514,000,000 | 1,783,000,000 |
| Net income from discontinued operations | 22,000,000 | 8,000,000 | -12,000,000 | -143,000,000 |
| Other adjustments to net income | 1,000,000 | 0 | 0 | 0 |
| Net income | 10,593,000,000 | 6,023,000,000 | 7,502,000,000 | 1,640,000,000 |
| Net income deductions | 0 | 0 | 0 | 1,000,000 |
| Bottom line net income | 10,593,000,000 | 6,023,000,000 | 7,502,000,000 | 1,639,000,000 |
| EPS | 11 | 7 | 8 | 2 |
| Diluted EPS | 11 | 6 | 8 | 2 |
| Weighted average shares outstanding | 932,300,000 | 937,200,000 | 911,210,319 | 902,664,190 |
| Weighted average diluted shares outstanding | 948,700,000 | 937,200,000 | 922,073,828 | 912,269,062 |