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| 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 |