International Business Machines revenue and financials
$221.29Change from previous close: −0.13%Absolute change: −$0.29
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%.
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.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 17,162 | 15,917 | 19,686 | 16,331 | 16,977 | 14,541 | 17,553 | 14,967 | 15,771 | 14,462 | 17,380 | 14,752 |
| Cost of revenue | 7,148 | 6,843 | 7,658 | 6,861 | 6,910 | 6,406 | 7,025 | 6,452 | 6,735 | 6,620 | 7,028 | 6,636 |
| Gross profit | 9,907 | 8,950 | 11,928 | 9,361 | 9,977 | 8,031 | 10,440 | 8,420 | 8,949 | 7,743 | 10,267 | 8,022 |
| Selling, general and administrative | 4,922 | 4,751 | 5,088 | 4,694 | 4,985 | 4,535 | 4,932 | 4,667 | 4,997 | 4,685 | 4,730 | 4,387 |
| Research and development | 2,311 | 2,173 | 2,187 | 2,082 | 2,097 | 1,950 | 1,967 | 1,876 | 1,840 | 1,796 | 1,748 | 1,685 |
| Operating income | 2,840 | 2,198 | 4,930 | 2,804 | 3,110 | 1,799 | 3,841 | 2,115 | 2,354 | 1,478 | 4,031 | 2,140 |
| EBIT | 2,840 | 2,198 | 4,930 | 2,804 | 3,110 | 1,799 | 3,841 | 2,115 | 2,354 | 1,478 | 4,031 | 2,140 |
| EBITDA | 3,837 | 3,123 | 5,777 | 3,749 | 4,037 | 2,630 | 4,647 | 2,860 | 3,140 | 2,239 | 4,805 | 2,551 |
| Interest expense | 486 | 473 | 478 | 492 | 510 | 455 | 424 | 429 | 427 | 432 | 405 | 412 |
| Pre-tax income | 2,479 | 1,388 | 4,144 | 2,430 | 2,597 | 1,157 | 3,306 | -802 | 2,220 | 1,073 | 3,759 | 1,873 |
| Income tax | 313 | 172 | -1,435 | 686 | 404 | 103 | 379 | -485 | 390 | -502 | 474 | 159 |
| Net income | 2,165 | 1,216 | 5,600 | 1,744 | 2,194 | 1,055 | 2,914 | -330 | 1,834 | 1,605 | 3,288 | 1,704 |
| Net income to common shareholders | 2,165 | 1,216 | 5,600 | 1,744 | 2,194 | 1,055 | 2,914 | -330 | 1,834 | 1,605 | 3,288 | 1,704 |
| Basic EPS | 2.30 | 1.30 | 5.98 | 1.87 | 2.36 | 1.14 | 3.15 | -0.36 | 1.99 | 1.75 | 3.59 | 1.87 |
| Diluted EPS | 2.27 | 1.28 | 5.88 | 1.84 | 2.31 | 1.12 | 3.10 | -0.36 | 1.96 | 1.72 | 3.55 | 1.85 |
| Average shares (basic) | 941 | 939 | 937 | 934 | 931 | 928 | 926 | 924 | 920 | 917 | 915 | 913 |
| Average shares (diluted) | 953 | 952 | 952 | 949 | 948 | 945 | 942 | 924 | 934 | 933 | 927 | 924 |
| Dividend per share | 1.69 | 1.68 | 1.68 | 1.68 | 1.68 | 1.67 | 1.67 | 1.67 | 1.67 | 1.66 | 1.66 | 1.66 |