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-on-year from $7.1 billion in Q2 2025, and little changed on a QoQ basis from $7.3 billion in Q1 2026.

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

International Business Machines (IBM) has reported Operating Expenses for 18 consecutive years, with $7.3 billion the latest figure, recorded in Q2 2026.

  • Quarterly Operating Expenses rose 2.36% year-over-year to $7.3 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $29.0 billion (up 5.27% YoY) and the FY2025 annual result came in at $28.4 billion, up 4.68% from the prior year.
  • Operating Expenses held at $7.3 billion in Q2 2026 per IBM's latest filing, from $7.3 billion in the prior quarter.
  • Over the last five years, Operating Expenses for IBM reached as high as $7.6 billion in Q4 2025 and fell as low as $6.0 billion in Q3 2022.
  • A 5-year average of $6.7 billion and a median of $6.8 billion in 2024 frame the typical range for Operating Expenses.
  • Annual changes were most pronounced in 2022 — Operating Expenses decreased 2.42% — and 2025, when it gained 11.96%.
  • Year by year, Operating Expenses stood at $6.4 billion in 2022, then climbed by 2.65% to $6.5 billion in 2023, then climbed by 4.48% to $6.8 billion in 2024, then advanced by 11.96% to $7.6 billion in 2025, then decreased by 4.67% to $7.3 billion in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $7.3 billion, $7.3 billion, and $7.6 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 International Business Machines 193.88 Bn 178.95 Bn 9.91 Bn 7.29 Bn
2 Accenture 84.94 Bn 75.26 Bn 6.13 Bn 15.54 Bn
3 GDS Holdings 50.55 Bn 48.40 Bn 164.04 Mn -27.00 Mn
4 Infosys 44.05 Bn 44.79 Bn 1.60 Bn 528.00 Mn
5 Cgi 41.25 Bn 40.60 Bn - 29.83 Mn
6 Fidelity National Information Services 20.63 Bn 19.87 Bn 1.11 Bn 605.00 Mn
7 Cognizant Technology Solutions 20.39 Bn 18.87 Bn 1.78 Bn 791.00 Mn
8 Wipro 18.65 Bn 17.52 Bn 738.00 Mn 2.23 Bn
9 Broadridge Financial Solutions 16.79 Bn 16.48 Bn 626.90 Mn 1.59 Bn
10 Cdw 16.66 Bn 16.08 Bn 1.19 Bn 814.00 Mn

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