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
Download Data
Historic 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 |