International Business Machines (IBM) Operating Expenses (2009 - 2026)
International Business Machines (IBM) posted quarterly Operating Expenses of $7.3 billion for Q2 2026, up 2.36% year-over-year from $7.1 billion in Q2 2025, and little changed quarter-over-quarter from $7.3 billion in Q1 2026.
International Business Machines (IBM) Operating Expenses (2009 - 2026) Analysis & Trends
International Business Machines' Operating Expenses history runs 18 years deep, the most recent figure standing at $7.3 billion for Q2 2026.
- In Q2 2026, Operating Expenses rose 2.36% year-over-year to $7.3 billion; the TTM figure through Jun 2026 stood at $29.0 billion (up 5.27% YoY), while the FY2025 annual figure was $28.4 billion, up 4.68% from the prior year.
- Operating Expenses for Q2 2026 stood at $7.3 billion, 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.
- The 5-year median for Operating Expenses is $6.8 billion (2024), against an average of $6.7 billion.
- The sharpest annual moves came in 2022 and 2025: Operating Expenses fell 2.42% in 2022, then increased 11.96% in 2025.
- International Business Machines' Operating Expenses stood at $6.4 billion in 2022, then rose by 2.65% to $6.5 billion in 2023, then rose by 4.48% to $6.8 billion in 2024, then increased by 11.96% to $7.6 billion in 2025, then declined by 4.67% to $7.3 billion in 2026.
- Business Quant data shows IBM's Operating Expenses at $7.3 billion in Q2 2026, $7.3 billion in Q1 2026, and $7.6 billion in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | International Business Machines | 219.38 Bn | 208.02 Bn | 9.91 Bn | 7.29 Bn |
| 2 | Accenture | 111.06 Bn | 100.89 Bn | 6.13 Bn | 15.54 Bn |
| 3 | Infosys | 47.96 Bn | 47.96 Bn | 1.60 Bn | 528.00 Mn |
| 4 | Cgi | 32.80 Bn | 32.34 Bn | - | 12.44 Mn |
| 5 | Cognizant Technology Solutions | 28.32 Bn | 27.27 Bn | 1.83 Bn | 812.00 Mn |
| 6 | Fidelity National Information Services | 20.92 Bn | 20.17 Bn | 1.17 Bn | 684.00 Mn |
| 7 | Broadridge Financial Solutions | 20.67 Bn | 20.27 Bn | 853.00 Mn | 1.67 Bn |
| 8 | Wipro | 19.82 Bn | 18.75 Bn | 738.00 Mn | 2.23 Bn |
| 9 | Leidos Holdings | 17.78 Bn | 17.03 Bn | 817.00 Mn | 310.00 Mn |
| 10 | Cdw | 16.95 Bn | 16.59 Bn | 1.32 Bn | 891.20 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |