International Business Machines Income Statement (2009-2025) | IBM

Income Statement Mar2009 Jun2009 Sep2009 Dec2009 Mar2010 Jun2010 Sep2010 Dec2010 Mar2011 Jun2011 Sep2011 Dec2011 Mar2012 Jun2012 Sep2012 Dec2012 Mar2013 Jun2013 Sep2013 Dec2013 Mar2014 Jun2014 Sep2014 Dec2014 Mar2015 Jun2015 Sep2015 Dec2015 Mar2016 Jun2016 Sep2016 Dec2016 Mar2017 Jun2017 Sep2017 Dec2017 Mar2018 Jun2018 Sep2018 Dec2018 Mar2019 Jun2019 Sep2019 Dec2019 Mar2020 Jun2020 Sep2020 Dec2020 Mar2021 Jun2021 Sep2021 Dec2021 Mar2022 Jun2022 Sep2022 Dec2022 Mar2023 Jun2023 Sep2023 Dec2023 Mar2024 Jun2024 Sep2024 Dec2024 Mar2025 Jun2025 Sep2025
Revenue & cost
Revenue 21.71B24.91B25.24B22.36B22.86B23.72B24.27B29.02B24.61B26.67B26.16B29.49B24.67B25.78B24.75B27.67B23.41B24.92B23.34B27.39B22.24B24.05B22.40B24.11B19.59B20.81B19.28B22.06B18.68B20.24B19.23B21.77B18.16B19.29B19.15B22.54B19.07B20.00B18.76B21.76B18.18B19.16B18.03B2.34B17.57B18.12B17.56B1.93B13.19B14.22B13.25B16.69B14.20B15.54B14.11B16.69B14.25B15.47B14.75B17.38B14.46B15.77B14.97B17.55B14.54B16.98B16.33B
Cost of Revenue 12.28B12.67B12.94B14.09B12.88B12.91B13.27B14.79B13.75B14.28B13.98B14.76B13.55B13.50B13.02B12.44B12.73B12.79B11.91B13.05B11.61B12.00B11.52B11.25B10.14B10.42B9.84B10.65B10.00B10.54B10.21B10.65B10.21B10.32B10.17B11.49B10.82B10.80B9.95B11.07B10.14B10.15B9.69B-3.80B9.65B9.42B9.13B-3.89B6.16B6.37B6.14B7.20B6.86B7.25B6.68B7.06B6.74B6.97B6.73B7.11B6.72B6.82B6.55B7.11B6.51B7.00B6.97B
Gross Profit 9.43B10.58B10.63B13.14B9.98B10.81B11.00B14.23B10.86B12.38B12.17B14.72B11.12B12.28B11.73B15.23B10.68B12.13B11.43B14.34B10.63B12.04B10.87B12.86B9.45B10.39B9.44B11.41B8.69B9.70B9.01B11.12B7.94B8.97B8.98B11.05B8.25B9.20B8.80B10.69B8.04B9.01B8.34B6.14B7.92B8.70B8.43B5.81B7.03B7.85B7.11B9.50B7.33B8.29B7.43B9.63B7.51B8.50B8.02B10.27B7.74B8.95B8.42B10.44B8.03B9.98B9.36B
Operating items
Amortization - Intangibles 0.17B0.18B
Research & Development 1.48B1.43B1.45B1.46B1.51B1.48B1.46B1.58B1.59B1.57B1.55B1.55B1.60B1.59B1.53B1.09B1.64B1.55B1.36B1.45B1.40B1.36B1.35B1.32B1.30B1.30B1.29B1.36B1.46B1.47B1.40B1.41B1.48B1.44B1.29B1.38B1.41B1.36B1.25B1.36B1.43B1.41B1.55B1.52B1.62B1.58B1.51B1.54B1.62B1.64B1.61B1.62B1.68B1.67B1.61B1.60B1.66B1.69B1.69B1.75B1.80B1.84B1.88B1.97B1.95B2.10B2.08B
Selling, General & Administrative 5.26B5.12B5.01B5.56B5.68B5.06B5.15B5.95B5.83B6.03B5.66B6.08B5.89B5.84B5.91B5.83B5.58B6.68B5.26B5.99B6.27B5.59B5.28B6.03B5.36B5.18B4.73B5.16B6.01B5.35B4.73B4.78B5.03B5.03B4.61B5.01B5.45B4.86B4.36B4.70B4.69B5.46B5.02B3.55B5.96B5.25B4.65B4.71B4.69B4.85B4.31B4.90B4.60B4.86B4.39B4.77B4.85B4.90B4.46B4.79B4.97B4.94B4.91B4.87B4.89B5.03B4.75B
Other Operating Expenses 2.08B1.42B2.25B1.77B
Operating Expenses 6.74B6.55B6.46B7.02B7.19B6.54B6.61B7.53B7.41B7.60B7.21B7.63B7.49B7.42B7.44B6.92B7.22B8.23B6.62B7.44B7.67B6.95B6.63B7.35B6.66B6.48B6.02B6.52B7.47B6.81B6.13B6.18B6.51B6.47B5.90B6.39B6.85B6.22B5.62B6.06B6.12B6.86B6.58B5.07B7.58B6.83B6.16B6.25B6.30B6.49B5.91B6.53B6.28B6.53B6.00B6.37B6.51B6.59B6.14B6.54B6.77B6.78B6.79B6.83B6.84B7.12B6.83B
Operating Income 2.69B4.03B4.17B6.12B2.79B4.27B4.39B6.70B3.44B4.79B4.96B7.09B3.63B4.86B4.29B8.30B3.46B3.90B4.81B6.90B2.95B5.09B4.24B5.51B2.79B3.91B3.42B4.89B1.22B2.89B2.88B4.93B1.43B2.50B3.08B4.66B1.40B2.98B3.19B4.63B1.92B2.15B1.76B1.07B0.34B1.87B2.27B-0.44B0.72B1.36B1.19B2.97B1.06B1.76B1.43B3.26B1.00B1.91B1.88B3.73B0.97B2.17B1.63B3.61B1.20B2.85B2.53B
EBIT 2.69B4.03B4.17B6.12B2.79B4.27B4.39B6.70B3.44B4.79B4.96B7.09B3.63B4.86B4.29B8.30B3.46B3.90B4.81B6.90B2.95B5.09B4.24B5.51B2.79B3.91B3.42B4.89B1.22B2.89B2.88B4.93B1.43B2.50B3.08B4.66B1.40B2.98B3.19B4.63B1.92B2.15B1.76B1.07B0.34B1.87B2.27B-0.44B0.72B1.36B1.19B2.97B1.06B1.76B1.43B3.26B1.00B1.91B1.88B3.73B0.97B2.17B1.63B3.61B1.20B2.85B2.53B
Non-operating items
Interest & Investment Income 0.02B0.17B
Other Non Operating Income 0.18B0.14B
Non Operating Income 0.08B0.02B
Net income details
EBT 3.12B4.26B4.37B6.38B3.52B4.58B4.68B6.96B3.82B4.88B5.03B7.27B3.84B5.16B5.07B8.47B3.61B4.14B4.97B7.10B3.18B5.35B4.36B7.09B3.00B4.22B3.62B5.10B1.03B3.05B3.26B4.99B1.42B2.44B3.06B4.47B1.14B2.78B3.00B4.43B1.88B2.77B1.52B1.91B-0.05B1.57B1.83B1.57B0.24B0.91B0.81B2.87B0.62B1.72B-4.50B3.31B1.06B2.00B1.87B3.76B1.07B2.22B-0.80B3.31B1.16B2.60B2.43B
Tax Provisions 0.83B1.16B1.16B1.57B0.91B1.19B1.09B1.70B0.95B1.22B1.19B1.78B0.77B1.28B1.25B2.24B0.57B0.92B0.83B0.89B0.65B1.10B0.91B1.58B0.58B0.70B0.66B0.64B-0.98B0.54B0.41B-0.53B-0.33B0.11B0.34B5.52B-0.54B0.37B0.30B2.48B0.29B0.27B-0.15B-0.95B-1.23B0.21B0.13B2.30B-0.16B0.10B-0.22B0.41B-0.04B0.26B-1.29B0.44B0.12B0.42B0.16B0.47B-0.50B0.39B-0.48B0.38B0.10B0.40B0.69B
Profit After Tax 2.29B3.10B3.21B4.81B2.60B3.39B3.59B5.26B2.86B3.66B3.84B5.49B3.07B3.88B3.82B6.23B3.03B3.23B4.14B6.22B2.53B4.25B3.46B5.51B2.42B3.53B2.96B4.46B2.02B2.50B2.85B4.51B1.75B2.33B2.73B-1.05B1.68B2.40B2.69B1.95B1.59B2.50B1.67B3.67B1.18B1.36B1.70B1.35B0.95B1.32B1.13B2.33B0.73B1.47B-3.21B2.87B0.93B1.58B1.71B3.29B1.60B1.83B-0.33B2.91B1.05B2.19B1.74B
Income from Non-Controlling Interests 0.00B0.00B0.00B0.01B0.00B0.00B0.00B0.01B0.01B0.00B0.01B-0.00B0.01B0.00B0.01B-0.00B0.00B0.01B0.00B-0.00B0.00B0.00B0.01B0.00B0.00B0.01B0.00B0.01B0.00B
Income from Continuing Operations 2.29B3.10B3.21B4.81B2.60B3.38B3.59B5.26B2.86B3.66B3.84B5.49B3.07B3.88B3.82B6.23B3.03B3.23B4.14B6.22B2.53B4.25B3.46B5.52B2.42B3.53B2.96B4.46B2.02B2.50B2.85B5.51B1.75B2.33B2.73B-1.05B1.68B2.40B2.69B1.95B1.59B2.50B1.67B2.86B1.18B1.36B1.70B-0.73B0.40B0.81B1.04B2.46B0.66B1.47B-3.21B2.87B0.93B1.58B1.71B3.29B1.58B1.83B-0.32B2.93B1.05B2.19B1.74B
Consolidated Net Income 2.29B3.10B3.21B4.81B2.60B3.38B3.59B5.26B2.86B3.66B3.84B5.49B3.07B3.88B3.82B6.23B3.03B3.23B-0.10B-0.03B-0.15B-0.12B-3.44B-0.03B-0.09B-0.08B-0.01B0.00B-0.00B-0.00B-0.01B-0.00B-0.00B-0.00B0.00B0.00B0.00B-0.00B-0.00B-0.00B-0.00B2.29B-0.00B-0.00B-0.00B1.66B0.55B0.52B0.09B-0.13B0.07B-0.07B0.02B-0.16B-0.01B0.00B-0.01B0.00B0.03B0.00B-0.01B-0.01B0.00B0.00B
Income towards Parent Company 2.29B3.10B3.21B4.81B2.60B3.38B3.59B5.26B2.86B3.66B3.84B5.49B3.07B3.88B3.82B6.23B3.03B3.23B-0.10B-0.03B-0.15B-0.12B-3.44B-0.03B-0.09B-0.08B-0.01B0.00B-0.00B-0.00B-0.01B-0.00B-0.00B-0.00B0.00B0.00B0.00B-0.00B-0.00B-0.00B-0.00B2.29B-0.00B-0.00B-0.00B1.66B0.55B0.52B0.09B-0.13B0.07B-0.07B0.02B-0.16B-0.01B0.00B-0.01B0.00B0.03B0.00B-0.01B-0.01B0.00B0.00B
Net Income towards Common Stockholders 2.29B3.10B3.21B4.81B2.60B3.38B3.59B5.26B2.86B3.66B3.84B5.49B3.07B3.88B3.82B6.23B3.03B3.23B-0.10B-0.03B-0.15B-0.12B-3.44B-0.03B-0.09B-0.08B-0.01B0.00B-0.00B-0.00B-0.01B-0.00B-0.00B-0.00B0.00B0.00B0.00B-0.00B-0.00B-0.00B-0.00B2.29B-0.00B-0.00B-0.00B1.66B0.55B0.52B0.09B-0.13B0.07B-0.07B0.02B-0.16B-0.01B0.00B-0.01B0.00B0.03B0.00B-0.01B-0.01B0.00B0.00B
Additional items
EPS (Basic) 1.712.342.443.632.002.652.864.142.343.043.234.592.653.383.365.452.722.913.79-0.032.44-0.113.485.532.453.593.044.592.092.622.994.741.862.492.93-1.111.822.632.952.171.792.821.894.131.321.531.901.521.071.481.262.600.821.62-3.553.181.031.741.880.001.751.99-0.36-0.011.142.361.87
EPS (Weighted Average and Diluted) 1.702.322.403.591.972.612.824.082.313.003.194.522.613.343.335.392.702.893.77-0.032.43-0.113.465.502.443.583.024.572.092.612.984.721.852.482.92-1.101.812.612.942.151.782.811.874.101.311.521.891.511.061.471.252.580.811.61-3.553.161.021.721.860.001.721.96-0.36-0.011.122.311.84
Shares Outstanding (Weighted Average) 1.34B1.34B1.33B1.33B1.30B1.29B1.28B1.27B1.22B1.21B1.21B1.20B1.16B1.15B1.15B1.14B1.11B1.11B1.10B1.09B1.04B1.02B1.01B0.99B0.99B0.98B0.96B0.96B0.96B0.94B0.94B0.90B0.90B0.90B0.90B0.91B0.91B0.91B0.91B0.92B0.92B0.92B0.92B0.93B0.93B0.93B
Shares Outstanding (Diluted Average) 1.35B1.34B1.34B1.34B1.32B1.31B1.30B1.29B1.24B1.23B1.22B1.21B1.17B1.17B1.16B1.16B1.12B1.12B1.11B1.10B1.04B1.02B1.01B0.99B0.99B0.99B0.96B0.96B0.96B0.95B0.94B0.90B0.91B0.90B0.91B0.92B0.92B0.92B0.92B0.93B0.93B0.94B0.94B0.95B0.95B0.95B
EBITDA 2.69B4.03B4.17B6.12B2.79B4.27B4.39B6.70B3.44B4.79B4.96B7.09B3.63B4.86B4.29B8.30B3.46B3.90B4.81B6.90B2.95B5.09B4.24B5.51B2.79B3.91B3.42B4.89B1.22B2.89B2.88B4.93B1.43B2.50B3.08B4.66B1.40B2.98B3.19B4.63B1.92B2.15B1.76B1.07B0.34B1.87B2.27B-0.44B0.72B1.36B1.19B2.97B1.06B1.76B1.43B3.26B1.00B1.91B1.88B3.73B0.97B2.17B1.63B3.61B1.20B2.85B2.53B
Interest Expenses 0.14B0.10B0.08B0.08B0.08B0.09B0.10B0.10B0.09B0.10B0.11B0.11B0.11B0.12B0.12B0.11B0.09B0.10B0.10B0.11B0.10B0.14B0.13B0.12B0.11B0.12B0.12B0.13B0.15B0.17B0.16B0.16B0.14B0.15B0.17B0.16B0.17B0.17B0.19B0.19B0.21B0.35B0.43B0.35B0.33B0.32B0.32B0.32B0.28B0.28B0.29B0.30B0.31B0.30B0.29B0.31B0.37B0.42B0.41B0.41B0.43B0.43B0.43B0.42B0.46B0.51B0.49B
Tax Rate 26.49%27.19%26.50%24.57%26.00%26.01%23.26%24.41%24.99%24.99%23.63%24.53%20.05%24.80%24.66%26.46%15.92%22.15%16.73%12.46%20.52%20.49%20.78%22.26%19.49%16.52%18.20%12.51%-95.07%17.84%12.53%-10.61%-23.10%4.54%11.06%123.56%-47.54%13.44%10.15%55.95%15.35%9.72%-9.92%-49.97%2,502.04%13.30%7.01%146.34%-65.57%11.07%-27.55%14.15%-6.26%14.92%28.59%13.41%11.72%20.95%8.49%12.61%-46.74%17.53%60.47%11.46%8.89%15.56%28.23%