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
  1. $79.92B2016
  2. $79.14B2017
  3. $79.59B2018
  4. $57.71B2019
  5. $55.18B2020
  6. $57.35B2021
  7. $60.53B2022
  8. $61.86B2023
  9. $62.75B2024
  10. $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.

ItemQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023
Total assets152,099156,229151,880146,312148,585145,667137,175134,339133,848137,169135,241129,321
Current assets28,39831,91436,94432,74034,25335,33634,48230,54333,29936,66332,90827,705
Cash and equivalents7,17210,81913,58711,56911,94311,03513,94713,19712,21014,60313,0687,257
Short-term investments9609648303,2863,5046,4306445051,4814,5123733,721
Receivables7,9518,2869,6467,2257,6317,2158,1846,8857,0107,2608,3486,514
Inventory1,7451,4761,2201,3971,2511,4311,2891,3681,2341,2121,1611,398
Net property, plant and equipment8,8048,9999,0289,0749,2579,0658,9298,9698,7308,7988,7218,481
Goodwill74,59974,70967,71767,39667,50666,06560,70661,09259,41659,53460,17859,596
Other intangible assets13,95514,62411,39111,72912,25312,39210,66011,09010,25110,75011,03611,278
Long-term investments1,8671,8271,7511,4481,5531,6311,6911,8681,7321,5661,5891,581
Current liabilities35,91240,10138,65835,14237,72635,10633,14228,85329,64832,39734,12230,606
Accounts payable4,3954,0394,7563,8673,9743,5854,0323,2743,6313,5884,1323,342
Long-term debt55,11056,56753,96254,02754,03955,34049,08152,10252,10653,32849,74248,525
Total debt65,26968,70164,60766,56867,71866,83458,36660,11759,83862,869——
Total liabilities117,558123,174119,139118,322120,997118,715109,782109,809109,745113,836112,628106,165
Total equity (incl. minority)34,54133,05532,74127,99027,58826,95227,39324,53024,10323,33322,61323,156
Retained earnings155,937155,327155,648151,581151,367150,703151,163149,789151,659151,362151,276149,506
Minority interest89.081.093.085.079.072.086.082.077.072.080.075.0