International Business Machines IBM
NYSE IBM
$243.24 +9.17 (+3.92%)
At close: Sep 11, 2026 · 4:00 PM EDT

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

International Business Machines (IBM) posted Operating Expenses of $7.3 billion for Q2 2026, little changed on a QoQ basis from $7.3 billion in Q1 2026, and up 2.36% year-over-year from $7.1 billion in Q2 2025.

Analysis

International Business Machines (IBM) Operating Expenses (2009 - 2026) Analysis & Trends

International Business Machines has reported Operating Expenses for 18 years, with the latest figure at $7.3 billion in Q2 2026.

  • On a quarterly basis, Operating Expenses rose 2.36% year-over-year to $7.3 billion in Q2 2026; TTM through Jun 2026 was $29.0 billion, a 5.27% increase from a year earlier, with the FY2025 full-year figure at $28.4 billion, up 4.68% from the prior year.
  • Operating Expenses was $7.3 billion for Q2 2026 at International Business Machines, roughly flat from $7.3 billion in the prior quarter.
  • The five-year high for Operating Expenses was $7.6 billion in Q4 2025, with the low at $6.0 billion in Q3 2022.
  • Average Operating Expenses over 5 years is $6.7 billion, with a median of $6.8 billion recorded in 2024.
  • The sharpest annual moves came in 2022 and 2025: Operating Expenses decreased 2.42% in 2022, then gained 11.96% in 2025.
  • Over 5 years, Operating Expenses stood at $6.4 billion in 2022, then advanced by 2.65% to $6.5 billion in 2023, then advanced by 4.48% to $6.8 billion in 2024, then gained by 11.96% to $7.6 billion in 2025, then retreated by 4.67% to $7.3 billion in 2026.
  • The last three Operating Expenses figures came in at $7.3 billion (Q2 2026), $7.3 billion (Q1 2026), and $7.6 billion (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Microsoft 3,681.04 Bn 3,548.29 Bn 60.48 Bn 12.28 Bn
2 International Business Machines 229.16 Bn 217.90 Bn 9.91 Bn 7.29 Bn
3 Nebius 56.81 Bn 48.77 Bn 448.70 Mn 758.20 Mn
4 CoreWeave 49.03 Bn 43.49 Bn 1.70 Bn 2.62 Bn
5 Nutanix 17.82 Bn 15.80 Bn 610.79 Mn 540.28 Mn
6 DigitalOcean Holdings 12.89 Bn 12.13 Bn 154.66 Mn 125.29 Mn
7 Kingsoft Cloud Holdings 2.97 Bn 2.28 Bn 68.71 Mn -65.32 Mn
8 SharonAI Holdings 2.13 Bn 263.45 Mn 1.17 Mn 8.69 Mn
9 Tuya 1.10 Bn 120.87 Mn 43.05 Mn -33.74 Mn
10 Backblaze 715.48 Mn 664.10 Mn - -
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 7.29 Bn
Mar 31, 2026 7.26 Bn
Dec 31, 2025 7.65 Bn
Sep 30, 2025 6.83 Bn
Jun 30, 2025 7.12 Bn
Mar 31, 2025 6.84 Bn
Dec 31, 2024 6.83 Bn
Sep 30, 2024 6.79 Bn
Jun 30, 2024 6.78 Bn
Mar 31, 2024 6.77 Bn
Dec 31, 2023 6.54 Bn
Sep 30, 2023 6.14 Bn
Jun 30, 2023 6.59 Bn
Mar 31, 2023 6.51 Bn
Dec 31, 2022 6.37 Bn
Sep 30, 2022 6.00 Bn
Jun 30, 2022 6.53 Bn
Mar 31, 2022 6.28 Bn
Dec 31, 2021 6.53 Bn
Sep 30, 2021 5.91 Bn