International Business Machines (IBM) Cost of Revenue (2009 - 2026)

International Business Machines' Cost of Revenue history runs 18 years deep, the most recent figure standing at $7.0 billion for Q1 2026.

• In Q1 2026, Cost of Revenue rose 7.04% year-over-year to $7.0 billion; the TTM figure through Mar 2026 stood at $28.7 billion (up 6.32% YoY), while the FY2025 annual figure was $28.2 billion, up 3.82% from the prior year.
• Cost of Revenue was $7.0 billion for Q1 2026 at International Business Machines, down from $7.8 billion in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $7.8 billion in Q4 2025 to a low of $6.5 billion in Q1 2025.
• Historically, Cost of Revenue has averaged $6.9 billion across 5 years, with a median of $7.0 billion in 2026.
• The sharpest annual moves came in 2022 and 2023: Cost of Revenue gained 13.82% in 2022, then declined 3.75% in 2023.
• A 5-year view of Cost of Revenue shows it stood at $7.1 billion in 2022, then grew by 0.79% to $7.1 billion in 2023, then changed by 0.0% to $7.1 billion in 2024, then gained by 9.05% to $7.8 billion in 2025, then slipped by 10.18% to $7.0 billion in 2026.
• The last three Cost of Revenue figures came in at $7.0 billion (Q1 2026), $7.8 billion (Q4 2025), and $7.0 billion (Q3 2025), per Business Quant data.