International Business Machines Corporation (IBM) quarterly income statement — complete revenue, gross profit & net income history
| Sales/Revenue | 15.92B | 19.69B | 16.33B | 16.98B | 14.54B | 17.55B | 14.97B | 15.77B | 14.46B | 17.38B | 14.75B | 15.47B |
| Revenue Growth % | 9.46% | 12.15% | 9.11% | 7.66% | 0.55% | 1% | 1.46% | 1.9% | 1.47% | 4.13% | 4.58% | -0.39% |
| Cost of Goods Sold | 6.97B | 7.57B | 6.74B | 7B | 6.51B | 7.11B | 6.55B | 6.82B | 6.72B | 7.11B | 6.73B | 6.97B |
| COGS % of Revenue | 43.77% | 38.44% | 41.27% | 41.24% | 44.77% | 40.53% | 43.75% | 43.25% | 46.46% | 40.93% | 45.61% | 45.07% |
| Gross Profit | 8.95B | 12.12B | 9.59B | 9.98B | 8.03B | 10.44B | 8.42B | 8.95B | 7.74B | 10.27B | 8.02B | 8.5B |
| Gross Margin % | 56.23% | 61.56% | 58.73% | 58.77% | 55.23% | 59.47% | 56.26% | 56.76% | 53.54% | 59.07% | 54.39% | 54.93% |
| Gross Profit Growth % | 11.44% | 16.09% | 13.91% | 11.47% | 3.73% | 1.68% | 4.95% | 5.28% | 3.1% | 6.59% | 7.98% | 2.55% |
| Operating Expenses | 7.59B | 7.95B | 6.93B | 6.89B | 6.27B | 6.54B | 6.24B | 6.51B | 6.18B | 6.27B | 5.92B | 6.22B |
| OpEx % of Revenue | 47.68% | 40.4% | 42.44% | 40.58% | 43.09% | 37.25% | 41.71% | 41.32% | 42.73% | 36.08% | 40.12% | 40.21% |
| Selling, General & Admin | 5.09B | 5.77B | 4.75B | 4.67B | 4.26B | 4.59B | 4.31B | 4.65B | 4.37B | 4.5B | 4.18B | 4.53B |
| SG&A % of Revenue | 31.97% | 29.29% | 29.07% | 27.51% | 29.3% | 26.13% | 28.8% | 29.47% | 30.18% | 25.88% | 28.34% | 29.28% |
| Research & Development | 2.17B | 2.19B | 2.08B | 2.1B | 1.95B | 1.97B | 1.88B | 1.84B | 1.8B | 1.75B | 1.69B | 1.69B |
| R&D % of Revenue | 13.65% | 11.11% | 12.75% | 12.35% | 13.41% | 11.21% | 12.53% | 11.67% | 12.42% | 10.06% | 11.42% | 10.9% |
| Other Operating Expenses | 1000K | 0 | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 1.36B | 4.17B | 2.66B | 3.09B | 1.76B | 3.9B | 2.18B | 2.43B | 1.56B | 4B | 2.1B | 2.28B |
| Operating Margin % | 8.54% | 21.16% | 16.29% | 18.18% | 12.14% | 22.22% | 14.55% | 15.44% | 10.81% | 22.99% | 14.26% | 14.72% |
| Operating Income Growth % | -22.95% | 6.77% | 22.19% | 26.79% | 12.92% | -2.35% | 3.47% | 6.85% | 8.84% | 14.18% | 34.79% | 16.22% |
| EBITDA | 1.33B | 5.46B | 3.94B | 4.35B | 2.94B | 5.01B | 3.44B | 3.59B | 2.69B | 5.15B | 3.2B | 3.35B |
| EBITDA Margin % | 8.34% | 27.75% | 24.14% | 25.63% | 20.23% | 28.56% | 23.02% | 22.76% | 18.63% | 29.61% | 21.67% | 21.68% |
| EBITDA Growth % | -54.89% | 8.94% | 14.46% | 21.23% | 9.21% | -2.58% | 7.76% | 6.97% | 7.33% | 11.02% | 17.36% | 4.65% |
| D&A (Non-Cash Add-back) | -33M | 1.3B | 1.28B | 1.26B | 1.18B | 1.11B | 1.27B | 1.16B | 1.13B | 1.15B | 1.09B | 1.08B |
| EBIT | 1.86B | 4.62B | 2.92B | 3.11B | 1.61B | 3.73B | -373M | 2.65B | 1.51B | 4.16B | 2.29B | 2.42B |
| Net Interest Income | -321M | -478M | -342M | -338M | -264M | -274M | -259M | -210M | -222M | -262M | -256M | -222M |
| Interest Income | 152M | 0 | 150M | 172M | 191M | 150M | 170M | 217M | 210M | 143M | 156M | 201M |
| Interest Expense | 473M | 478M | 492M | 510M | 455M | 424M | 429M | 427M | 432M | 405M | 412M | 423M |
| Other Income/Expense | 27M | -21M | -230M | -489M | -607M | -595M | -2.98B | -215M | -489M | -236M | -231M | -278M |
| Pretax Income | 1.39B | 4.14B | 2.43B | 2.6B | 1.16B | 3.31B | -802M | 2.22B | 1.07B | 3.76B | 1.87B | 2B |
| Pretax Margin % | 8.71% | 21.05% | 14.88% | 15.3% | 7.96% | 18.83% | -5.36% | 14.07% | 7.43% | 21.63% | 12.7% | 12.92% |
| Income Tax | 172M | -1.44B | 686M | 404M | 103M | 379M | -485M | 389M | -502M | 474M | 159M | 419M |
| Effective Tax Rate % | 12.4% | -34.63% | 28.23% | 15.56% | 8.89% | 11.46% | 60.47% | 17.53% | -46.74% | 12.61% | 8.49% | 20.95% |
| Net Income | 1.22B | 5.6B | 1.74B | 2.19B | 1.05B | 2.91B | -330M | 1.83B | 1.6B | 3.29B | 1.7B | 1.58B |
| Net Margin % | 7.64% | 28.45% | 10.68% | 12.92% | 7.26% | 16.6% | -2.2% | 11.63% | 11.1% | 18.92% | 11.55% | 10.23% |
| Net Income Growth % | 15.26% | 92.18% | 628.48% | 19.63% | -34.27% | -11.37% | -119.37% | 15.86% | 73.14% | 21.28% | 153.32% | 13.72% |
| Net Income (Continuing) | 1.22B | 5.58B | 1.74B | 2.19B | 1.05B | 2.93B | -317M | 1.83B | 1.57B | 3.29B | 1.71B | 1.58B |
| Discontinued Operations | 0 | 1000K | 0 | 1000K | 1000K | -1000K | -1000K | 1000K | 1000K | 1000K | -1000K | 1000K |
| Minority Interest | 81M | 93M | 85M | 79M | 72M | 86M | 82M | 77M | 72M | 80M | 75M | 70M |
| EPS (Diluted) | 1.28 | 5.88 | 1.84 | 2.31 | 1.12 | 3.09 | -0.36 | 1.96 | 1.72 | 3.55 | 1.84 | 1.72 |
| EPS Growth % | 14.29% | 90.29% | 611.11% | 17.86% | -34.88% | -12.96% | -119.57% | 13.95% | 70.3% | 19.93% | 151.83% | 12.42% |
| EPS (Basic) | 1.30 | 5.98 | 1.87 | 2.36 | 1.14 | 3.15 | -0.36 | 1.99 | 1.75 | 3.59 | 1.87 | 1.74 |
| Diluted Shares Outstanding | 952.1M | 952.4M | 948.9M | 946.7M | 945.4M | 942.4M | 923.6M | 934.4M | 933.4M | 927.3M | 923.67M | 919.45M |
| Basic Shares Outstanding | 938.5M | 936.5M | 933.9M | 929.4M | 928M | 926M | 923.6M | 920.29M | 917.2M | 914.7M | 912.79M | 909.86M |
| Dividend Payout Ratio | 129.61% | 28.11% | 89.97% | 71.24% | 146.82% | 53.05% | - | 83.75% | 94.83% | 46.17% | 88.91% | 95.39% |