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

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Income Statement	Mar2021	Jun2021	Sep2021	Dec2021	Mar2022	Jun2022	Sep2022	Dec2022	Mar2023	Jun2023	Sep2023	Dec2023	Mar2024	Jun2024	Sep2024	Dec2024	Mar2025	Jun2025	Sep2025	Dec2025
Revenue & cost
Revenue (Quarter)	13.19B	14.22B	13.25B	16.69B	14.20B	15.54B	14.11B	16.69B	14.25B	15.47B	14.75B	17.38B	14.46B	15.77B	14.97B	17.55B	14.54B	16.98B	16.33B	19.69B
Cost of Revenue (Quarter)	6.16B	6.37B	6.14B	7.20B	6.86B	7.25B	6.68B	7.06B	6.74B	6.97B	6.73B	7.11B	6.72B	6.82B	6.55B	7.11B	6.51B	7.00B	6.97B	7.76B
Gross Profit (Quarter)	7.03B	7.85B	7.11B	9.50B	7.33B	8.29B	7.43B	9.63B	7.51B	8.50B	8.02B	10.27B	7.74B	8.95B	8.42B	10.44B	8.03B	9.98B	9.36B	11.93B
Operating items
Amortization - Intangibles (Quarter)
Research & Development (Quarter)	1.62B	1.64B	1.61B	1.62B	1.68B	1.67B	1.61B	1.60B	1.66B	1.69B	1.69B	1.75B	1.80B	1.84B	1.88B	1.97B	1.95B	2.10B	2.08B	2.19B
Selling, General & Administrative (Quarter)	4.69B	4.85B	4.31B	4.90B	4.60B	4.86B	4.39B	4.77B	4.85B	4.90B	4.46B	4.79B	4.97B	4.94B	4.91B	4.87B	4.89B	5.03B	4.75B	5.46B
Other Operating Expenses (Quarter)
Operating Expenses (Quarter)	6.30B	6.49B	5.91B	6.53B	6.28B	6.53B	6.00B	6.37B	6.51B	6.59B	6.14B	6.54B	6.77B	6.78B	6.79B	6.83B	6.84B	7.12B	6.83B	7.65B
Operating Income (Quarter)	0.72B	1.36B	1.19B	2.97B	1.06B	1.76B	1.43B	3.26B	1.00B	1.91B	1.88B	3.73B	0.97B	2.17B	1.63B	3.61B	1.20B	2.85B	2.53B	4.28B
EBIT (Quarter)	0.72B	1.36B	1.19B	2.97B	1.06B	1.76B	1.43B	3.26B	1.00B	1.91B	1.88B	3.73B	0.97B	2.17B	1.63B	3.61B	1.20B	2.85B	2.53B	4.28B
Non-operating items
Interest & Investment Income (Quarter)					0.02B				0.17B
Other Non Operating Income (Quarter)					0.08B				-0.09B
Non Operating Income (Quarter)					0.08B				0.02B
Net income details
EBT (Quarter)	0.24B	0.91B	0.81B	2.87B	0.62B	1.72B	-4.50B	3.31B	1.06B	2.00B	1.87B	3.76B	1.07B	2.22B	-0.80B	3.31B	1.16B	2.60B	2.43B	4.14B
Tax Provisions (Quarter)	-0.16B	0.10B	-0.22B	0.41B	-0.04B	0.26B	-1.29B	0.44B	0.12B	0.42B	0.16B	0.47B	-0.50B	0.39B	-0.48B	0.38B	0.10B	0.40B	0.69B	-1.44B
Profit After Tax (Quarter)	0.95B	1.32B	1.13B	2.46B	0.73B	1.47B	-3.21B	2.87B	0.93B	1.58B	1.71B	3.29B	1.60B	1.83B	-0.33B	2.91B	1.05B	2.19B	1.74B	5.60B
Income from Non-Controlling Interests (Quarter)	0.00B	0.00B	0.01B	0.00B	0.00B	0.01B	0.00B	0.01B	0.00B
Income from Continuing Operations (Quarter)	0.40B	0.81B	1.04B	2.46B	0.66B	1.47B	-3.21B	2.87B	0.93B	1.58B	1.71B	3.29B	1.58B	1.83B	-0.32B	2.93B	1.05B	2.19B	1.74B	5.58B
Consolidated Net Income (Quarter)	0.55B	0.52B	0.09B	-0.13B	0.07B	-0.07B	0.02B	-0.16B	-0.01B	0.00B	-0.01B	0.00B	0.03B	0.00B	-0.01B	-0.01B	0.00B	0.00B		0.02B
Income towards Parent Company (Quarter)	0.55B	0.52B	0.09B	-0.13B	0.07B	-0.07B	0.02B	-0.16B	-0.01B	0.00B	-0.01B	0.00B	0.03B	0.00B	-0.01B	-0.01B	0.00B	0.00B		0.02B
Net Income towards Common Stockholders (Quarter)	0.55B	0.52B	0.09B	-0.13B	0.07B	-0.07B	0.02B	-0.16B	-0.01B	0.00B	-0.01B	0.00B	0.03B	0.00B	-0.01B	-0.01B	0.00B	0.00B		0.02B
Additional items
EPS (Basic) (Quarter)	1.07	1.48	1.26	1.45	0.82	1.54	-3.55	3.01	1.03	1.74	1.87	3.62	1.72	1.99	-0.36	3.17	1.14	2.36	1.87	6.00
EPS (Weighted Average and Diluted) (Quarter)	1.06	0.90	1.25	3.86	0.81	1.53	-3.55	2.99	1.02	1.72	1.86	3.55	1.72	1.96	-0.34	3.10	1.12	2.31	1.84	5.90
Shares Outstanding (Weighted Average) (Quarter)	0.89B	0.89B	0.90B	0.90B	0.90B	0.90B	0.90B	0.90B	0.91B	0.91B	0.91B	0.91B	0.92B	0.92B	0.92B	0.92B	0.93B	0.93B	0.93B	0.93B
Shares Outstanding (Diluted Average) (Quarter)				0.90B		0.91B	0.90B	0.91B	0.92B	0.92B	0.92B	0.92B	0.93B	0.93B	0.94B	0.94B	0.95B	0.95B	0.95B	0.95B
EBITDA (Quarter)	0.72B	1.36B	1.19B	2.97B	1.06B	1.76B	1.43B	3.26B	1.00B	1.91B	1.88B	3.73B	0.97B	2.17B	1.63B	3.61B	1.20B	2.85B	2.53B	4.28B
Interest Expenses (Quarter)	0.28B	0.28B	0.29B	0.30B	0.31B	0.30B	0.29B	0.31B	0.37B	0.42B	0.41B	0.41B	0.43B	0.43B	0.43B	0.42B	0.46B	0.51B	0.49B	0.48B
Tax Rate (Quarter)	-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%	-34.64%

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

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