International Business Machines (IBM) Operating Expenses (2009 - 2026)

International Business Machines' Operating Expenses history runs 18 years deep, the most recent figure standing at $7.3 billion for Q1 2026.

• In Q1 2026, Operating Expenses rose 6.23% year-over-year to $7.3 billion; the TTM figure through Mar 2026 stood at $28.9 billion (up 5.99% YoY), while the FY2025 annual figure was $28.4 billion, up 4.68% from the prior year.
• Operating Expenses was $7.3 billion for Q1 2026 at International Business Machines, down from $7.6 billion in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $7.6 billion in Q4 2025 to a low of $6.0 billion in Q3 2022.
• Historically, Operating Expenses has averaged $6.7 billion across 5 years, with a median of $6.8 billion in 2024.
• The sharpest annual moves came in 2022 and 2025: Operating Expenses retreated 2.42% in 2022, then rose 11.96% in 2025.
• A 5-year view of Operating Expenses shows it stood at $6.4 billion in 2022, then gained by 2.65% to $6.5 billion in 2023, then gained by 4.48% to $6.8 billion in 2024, then rose by 11.96% to $7.6 billion in 2025, then decreased by 5.06% to $7.3 billion in 2026.
• The last three Operating Expenses figures came in at $7.3 billion (Q1 2026), $7.6 billion (Q4 2025), and $6.8 billion (Q3 2025), per Business Quant data.