International Business Machines Corporation (IBM) Quarterly Income Statement

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International Business Machines Corporation (IBM) quarterly income statement — complete revenue, gross profit & net income history

Quarterly statement

IBM Income Statement

International Business Machines Corporation (IBM) annual income statement — 30-year revenue, gross profit & net income history

Annual Quarterly

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21

Sales/Revenue	17.16B	15.92B	19.69B	16.33B	16.98B	14.54B	17.55B	14.97B	15.77B	14.46B	17.38B	14.75B	15.47B	14.25B	16.69B	14.11B	15.54B	14.2B	16.7B	13.25B
Revenue Growth %	1.09%	9.46%	12.16%	9.11%	7.66%	0.55%	1%	1.46%	1.9%	1.47%	4.13%	4.58%	-0.39%	0.39%	-0.02%	6.45%	9.26%	7.66%	-18.03%	-24.54%
Cost of Goods Sold	7.25B	6.97B	7.76B	6.74B	7B	6.51B	7.11B	6.55B	6.82B	6.72B	7.11B	6.73B	6.97B	6.74B	7.06B	6.68B	7.25B	6.86B	7.19B	6.14B
COGS % of Revenue	42.27%	43.77%	39.41%	41.27%	41.24%	44.77%	40.53%	43.75%	43.25%	46.46%	40.93%	45.61%	45.07%	47.31%	42.29%	47.33%	46.64%	48.33%	43.09%	46.37%
Gross Profit	9.91B	8.95B	11.93B	9.59B	9.98B	8.03B	10.44B	8.42B	8.95B	7.74B	10.27B	8.02B	8.5B	7.51B	9.63B	7.43B	8.29B	7.33B	9.5B	7.11B
Gross Margin %	57.73%	56.23%	60.59%	58.73%	58.77%	55.23%	59.47%	56.26%	56.76%	53.54%	59.07%	54.39%	54.93%	52.69%	57.71%	52.67%	53.36%	51.67%	56.91%	53.63%
Gross Profit Growth %	-0.7%	11.44%	14.26%	13.91%	11.47%	3.73%	1.68%	4.95%	5.28%	3.1%	6.59%	7.98%	2.55%	2.37%	1.38%	4.56%	5.58%	4.38%	-9.71%	-15.71%
Operating Expenses	7.29B	6.73B	7.08B	6.93B	6.89B	6.27B	6.54B	6.24B	6.51B	6.18B	6.27B	5.92B	6.22B	6.07B	6.13B	5.87B	6.33B	6.15B	6.53B	5.77B
OpEx % of Revenue	42.49%	42.28%	35.96%	42.44%	40.58%	43.09%	37.25%	41.71%	41.32%	42.73%	36.08%	40.12%	40.21%	42.61%	36.75%	41.6%	40.74%	43.33%	39.1%	43.54%
Selling, General & Admin	4.98B	4.4B	4.83B	4.75B	4.67B	4.26B	4.59B	4.31B	4.65B	4.37B	4.5B	4.18B	4.53B	4.35B	4.48B	4.12B	4.54B	4.3B	5.87B	4.04B
SG&A % of Revenue	29.02%	27.64%	24.54%	29.07%	27.51%	29.3%	26.13%	28.8%	29.47%	30.18%	25.88%	28.34%	29.28%	30.51%	26.82%	29.18%	29.25%	30.26%	35.15%	30.48%
Research & Development	2.31B	2.17B	2.19B	2.08B	2.1B	1.95B	1.97B	1.88B	1.84B	1.8B	1.75B	1.69B	1.69B	1.66B	1.6B	1.61B	1.67B	1.68B	1.63B	1.61B
R&D % of Revenue	13.47%	13.65%	11.11%	12.75%	12.35%	13.41%	11.21%	12.53%	11.67%	12.42%	10.06%	11.42%	10.9%	11.61%	9.61%	11.42%	10.77%	11.83%	9.73%	12.12%
Other Operating Expenses	0	1000K	1000K	1000K	1000K	1000K	-1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	-1000K	1000K
Operating Income	2.62B	2.22B	4.85B	2.66B	3.09B	1.76B	3.9B	2.18B	2.43B	1.56B	4B	2.1B	2.28B	1.44B	3.5B	1.56B	1.96B	1.18B	2.97B	1.34B
Operating Margin %	15.24%	13.94%	24.63%	16.29%	18.18%	12.14%	22.22%	14.55%	15.44%	10.81%	22.99%	14.26%	14.72%	10.08%	20.96%	11.07%	12.62%	8.34%	17.81%	10.08%
Operating Income Growth %	-15.26%	25.72%	24.3%	22.19%	26.79%	12.92%	-2.35%	3.47%	6.85%	8.84%	14.18%	34.79%	16.22%	21.28%	17.65%	16.84%	22.58%	23.85%	-25.63%	-44.54%
EBITDA	2.96B	3.49B	6.14B	3.94B	4.35B	2.94B	5.01B	3.44B	3.59B	2.69B	5.15B	3.2B	3.35B	2.51B	4.64B	2.72B	3.21B	2.44B	4.36B	3.02B
EBITDA Margin %	17.28%	21.95%	31.21%	24.14%	25.63%	20.23%	28.56%	23.02%	22.76%	18.63%	29.61%	21.67%	21.68%	17.61%	27.78%	19.31%	20.64%	17.19%	26.09%	22.79%
EBITDA Growth %	-31.85%	18.73%	22.56%	14.46%	21.23%	9.21%	-2.58%	7.76%	6.97%	7.33%	11.02%	17.36%	4.65%	2.87%	6.45%	-9.8%	-2.23%	-7.15%	-23.57%	-26.2%
D&A (Non-Cash Add-back)	0	1.27B	1.3B	1.28B	1.26B	1.18B	1.11B	1.27B	1.16B	1.13B	1.15B	1.09B	1.08B	1.07B	1.14B	1.16B	1.25B	1.26B	1.38B	1.68B
EBIT	2.96B	1.86B	4.62B	2.92B	3.11B	1.61B	3.73B	-373M	2.65B	1.51B	4.16B	2.29B	2.42B	1.43B	3.63B	-4.21B	2.02B	934M	3.17B	1.1B
Net Interest Income	-486M	-321M	-346M	-342M	-338M	-264M	-274M	-259M	-210M	-222M	-262M	-256M	-222M	-197M	-249M	-242M	-269M	-294M	-291M	-276M
Interest Income	0	152M	132M	150M	172M	191M	150M	170M	217M	210M	143M	156M	201M	170M	64M	53M	28M	17M	13M	14M
Interest Expense	486M	473M	478M	492M	510M	455M	424M	429M	427M	432M	405M	412M	423M	367M	313M	295M	297M	311M	304M	290M
Other Income/Expense	-136M	-832M	-706M	-230M	-489M	-607M	-595M	-2.98B	-215M	-489M	-236M	-231M	-278M	-378M	-187M	-6.06B	-238M	-561M	-105M	-523M
Pretax Income	2.48B	1.39B	4.14B	2.43B	2.6B	1.16B	3.31B	-802M	2.22B	1.07B	3.76B	1.87B	2B	1.06B	3.31B	-4.5B	1.72B	623M	2.87B	813M
Pretax Margin %	14.44%	8.71%	21.05%	14.88%	15.3%	7.96%	18.83%	-5.36%	14.07%	7.43%	21.63%	12.7%	12.92%	7.42%	19.84%	-31.91%	11.08%	4.39%	17.18%	6.14%
Income Tax	313M	172M	-1.44B	686M	404M	103M	379M	-485M	389M	-502M	474M	159M	419M	124M	444M	-1.29B	257M	-39M	406M	-224M
Effective Tax Rate %	12.63%	12.4%	-34.63%	28.23%	15.56%	8.89%	11.46%	60.47%	17.53%	-46.74%	12.61%	8.49%	20.95%	11.72%	13.41%	28.59%	14.92%	-6.26%	14.15%	-27.55%
Net Income	2.17B	1.22B	5.6B	1.74B	2.19B	1.05B	2.91B	-330M	1.83B	1.6B	3.29B	1.7B	1.58B	927M	2.71B	-3.2B	1.39B	733M	2.33B	1.13B
Net Margin %	12.62%	7.64%	28.45%	10.68%	12.92%	7.26%	16.6%	-2.2%	11.63%	11.1%	18.92%	11.55%	10.23%	6.5%	16.24%	-22.66%	8.96%	5.16%	13.97%	8.53%
Net Income Growth %	-1.32%	15.26%	92.18%	628.48%	19.63%	-34.27%	-11.37%	-119.37%	15.86%	73.14%	21.28%	153.32%	13.72%	26.47%	16.25%	-382.83%	5.06%	-23.25%	72.1%	-33.41%
Net Income (Continuing)	2.17B	1.22B	5.58B	1.74B	2.19B	1.05B	2.93B	-317M	1.83B	1.57B	3.29B	1.71B	1.58B	934M	2.87B	-3.21B	1.47B	662M	2.46B	1.04B
Discontinued Operations	-1000K	0	1000K	0	1000K	1000K	-1000K	-1000K	1000K	1000K	1000K	-1000K	1000K	-1000K	-1000K	1000K	-1000K	1000K	-1000K	1000K
Minority Interest	89M	81M	93M	85M	79M	72M	86M	82M	77M	72M	80M	75M	70M	68M	77M	71M	67M	62M	95M	129M
EPS (Diluted)	2.30	1.28	5.88	1.84	2.31	1.12	3.09	-0.36	1.96	1.72	3.55	1.84	1.72	1.01	2.96	-3.55	1.53	0.81	2.57	1.25
EPS Growth %	-0.43%	14.29%	90.29%	611.11%	17.86%	-34.88%	-12.96%	-119.57%	13.95%	70.3%	19.93%	151.83%	12.42%	24.69%	15.18%	-384%	4.08%	-23.58%	70.2%	-33.86%
EPS (Basic)	2.30	1.30	5.98	1.87	2.36	1.14	3.15	-0.36	1.99	1.75	3.59	1.87	1.74	1.02	2.99	-3.56	1.54	0.82	2.60	1.26
Diluted Shares Outstanding	952.7M	952.1M	952.4M	948.9M	946.7M	945.4M	942.4M	923.6M	934.4M	933.4M	927.3M	923.67M	919.45M	917.85M	915.9M	904.1M	910.7M	909.23M	904.64M	906M
Basic Shares Outstanding	939.9M	938.5M	936.5M	933.9M	929.4M	928M	926M	923.6M	920.29M	917.2M	914.7M	912.79M	909.86M	907.53M	905.8M	904.08M	901.5M	899.3M	895.99M	897.1M
Dividend Payout Ratio	73.44%	129.61%	28.11%	89.97%	71.24%	146.82%	53.05%	-	83.75%	94.83%	46.17%	88.91%	95.39%	161.49%	55.11%	-	106.9%	201.23%	63.21%	130.18%