International Business Machines revenue and financials

IBM · NYSE · USD

$221.29−0.13%−$0.29

Close · October 6, 2026

In the fiscal year ended December 2025, International Business Machines reported revenue of $67.54B (+7.62% year over year). Net income was $10.59B, a net margin of 15.7%.

Annual revenue · 2025: $67.54B

$79.92B2016
$79.14B2017
$79.59B2018
$57.71B2019
$55.18B2020
$57.35B2021
$60.53B2022
$61.86B2023
$62.75B2024
$67.54B2025

Fiscal year ending in December. Sources and method on the page Methodology and sources.

At a glance

Revenue growth: +7.62%; 2025 vs 2024
Net income growth: +75.88%; 2025 vs 2024
Net margin: 15.7%; 2024: 9.6%

Financial data

Amounts in millions of USD; per-share values in USD; shares in millions.

Balance sheet · Annual
Item	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Total assets	151,880	137,175	135,241	127,243	132,001	155,971	152,186	123,382	125,356	117,470
Current assets	36,944	34,482	32,908	29,118	29,539	39,165	38,420	49,146	49,735	43,888
Cash and equivalents	13,587	13,947	13,068	7,886	6,650	13,188	8,172	11,379	11,972	7,826
Short-term investments	830	644	373	852	600	600	696	618	608	701
Receivables	9,646	8,184	8,348	7,682	8,225	6,910	10,069	8,645	10,380	10,239
Inventory	1,220	1,289	1,161	1,552	1,649	1,812	1,619	1,682	1,583	1,553
Net property, plant and equipment	9,028	8,929	8,721	8,212	8,916	9,771	15,006	10,792	11,116	10,830
Goodwill	67,717	60,706	60,178	55,949	55,643	53,765	52,471	36,265	36,788	36,199
Other intangible assets	11,391	10,660	11,036	11,184	12,511	13,739	15,235	3,087	3,742	4,688
Long-term investments	1,751	1,691	1,589	1,610	1,783	216	222	226	581	659
Current liabilities	38,658	33,142	34,122	31,505	33,619	39,869	37,701	38,227	37,363	36,275
Accounts payable	4,756	4,032	4,132	4,051	3,955	4,033	4,896	6,558	6,451	6,209
Long-term debt	61,259	54,943	56,546	50,940	51,681	61,203	61,624	42,656	45,052	40,893
Total debt	64,607	58,366	59,934	54,013	55,118	64,958	66,883	42,656	45,086	40,902
Total liabilities	119,139	109,783	112,628	105,222	113,005	135,244	131,202	106,452	107,631	99,078
Total equity (incl. minority)	32,741	27,393	22,613	22,021	18,996	20,726	20,985	16,930	17,725	18,392
Retained earnings	155,648	151,163	151,276	149,825	154,209	162,717	162,954	159,206	153,126	152,759
Minority interest	93.0	86.0	80.0	77.0	95.0	129	144	134	131	146