Income Statement - INTERNATIONAL BUSINESS MACHINES CORP (IBM)
$(Billion, Million)| Dec-25 | Dec-24 | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 | Dec-16 | Dec-15 | Dec-14 | Dec-13 | Dec-12 | Dec-11 | Dec-10 | Dec-09 | Dec-08 | Dec-07 | Dec-06 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 67.54 | 62.75 | 61.86 | 60.53 | 57.35 | 73.62 | 57.71 | 79.59 | 79.14 | 79.92 | 81.74 | 92.79 | 98.37 | 102.87 | 106.92 | 99.87 | 95.76 | 103.63 | 98.79 | 91.42 |
| Cost of revenue | 27.35 | 27.20 | 27.56 | 27.84 | 25.87 | 38.05 | 26.18 | 42.66 | 42.20 | 41.40 | 41.06 | 46.39 | 49.68 | 52.51 | 56.78 | 53.86 | 51.97 | 57.97 | 57.06 | 53.13 |
| Gross profit | 40.19 | 35.55 | 34.30 | 32.69 | 31.49 | 35.58 | 31.53 | 36.94 | 36.94 | 38.52 | 40.68 | 46.41 | 48.68 | 50.36 | 50.14 | 46.01 | 43.79 | 45.66 | 41.73 | 38.30 |
| Total operating expenses | 29.86 | 25.48 | 26.79 | 24.51 | 24.65 | 28.68 | 24.00 | 23.72 | 23.80 | 24.88 | 24.76 | 27.54 | 28.22 | 28.16 | 28.66 | 26.67 | 26.77 | 29.72 | 28.21 | 26.37 |
| Operating income | 10.33 | 10.07 | 7.51 | 8.17 | 6.83 | 6.90 | 7.54 | 13.22 | 13.14 | 14.68 | 16.51 | 20.34 | 21.50 | 22.99 | 21.92 | 19.99 | 17.01 | 15.94 | 13.52 | 11.93 |
| Non-operating income (net) | 0.00 | -4.28 | 1.18 | -7.02 | -2.00 | -2.26 | -0.33 | -1.88 | -1.74 | -2.35 | -0.56 | -0.35 | -1.26 | -0.45 | -0.92 | -0.26 | 1.13 | 0.78 | 0.97 | 1.39 |
| Income before tax | 10.33 | 5.80 | 8.69 | 1.16 | 4.84 | 4.64 | 7.21 | 11.34 | 11.40 | 12.33 | 15.95 | 19.99 | 20.24 | 22.54 | 21.00 | 19.72 | 18.14 | 16.72 | 14.49 | 13.32 |
| Income tax expense | -0.24 | -0.22 | 1.18 | -0.63 | 0.12 | -0.86 | 0.06 | 2.62 | 5.64 | 0.45 | 2.58 | 4.23 | 3.36 | 5.54 | 5.15 | 4.89 | 4.71 | 4.38 | 4.07 | 3.90 |
| Net income | 10.59 | 6.02 | 7.50 | 1.64 | 5.74 | 5.59 | 9.43 | 8.73 | 5.75 | 11.87 | 13.19 | 12.02 | 16.48 | 16.60 | 15.86 | 14.83 | 13.43 | 12.33 | 10.42 | 9.49 |
Show Quarterly Income Statement
Income Statement - INTERNATIONAL BUSINESS MACHINES CORP (IBM)
$(Billion, Million)| Mar-26 | Dec-25 | Sep-25 | Jun-25 | Mar-25 | Dec-24 | Sep-24 | Jun-24 | Mar-24 | Dec-23 | Sep-23 | Jun-23 | Mar-23 | Dec-22 | Sep-22 | Jun-22 | Mar-22 | Dec-21 | Sep-21 | Jun-21 | Mar-21 | Dec-20 | Sep-20 | Jun-20 | Mar-20 | Dec-19 | Sep-19 | Jun-19 | Mar-19 | Dec-18 | Sep-18 | Jun-18 | Mar-18 | Dec-17 | Sep-17 | Jun-17 | Mar-17 | Dec-16 | Sep-16 | Jun-16 | Mar-16 | Dec-15 | Sep-15 | Jun-15 | Mar-15 | Dec-14 | Sep-14 | Jun-14 | Mar-14 | Dec-13 | Sep-13 | Jun-13 | Mar-13 | Dec-12 | Sep-12 | Jun-12 | Mar-12 | Dec-11 | Sep-11 | Jun-11 | Mar-11 | Dec-10 | Sep-10 | Jun-10 | Mar-10 | Dec-09 | Sep-09 | Jun-09 | Mar-09 | Dec-08 | Sep-08 | Jun-08 | Mar-08 | Dec-07 | Sep-07 | Jun-07 | Mar-07 | Dec-06 | Sep-06 | Jun-06 | Mar-06 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 15.92 | 19.69 | 16.33 | 16.98 | 14.54 | 17.55 | 14.97 | 15.77 | 14.46 | 17.38 | 14.75 | 15.48 | 14.25 | 16.69 | 14.11 | 15.54 | 14.20 | 16.70 | 13.25 | 14.22 | 13.19 | 20.37 | 17.56 | 18.12 | 17.57 | 21.78 | 18.03 | 19.16 | 18.18 | 21.76 | 18.76 | 20.00 | 19.07 | 22.54 | 19.15 | 19.29 | 18.16 | 21.77 | 19.23 | 20.24 | 18.68 | 22.06 | 19.28 | 20.81 | 19.59 | 24.11 | 22.40 | 24.05 | 22.24 | 27.70 | 23.34 | 24.92 | 23.41 | 29.30 | 24.75 | 25.78 | 24.67 | 29.49 | 26.16 | 26.67 | 24.61 | 29.02 | 24.27 | 23.72 | 22.86 | 27.23 | 23.57 | 23.25 | 21.71 | 27.01 | 25.30 | 26.82 | 24.50 | 30.72 | 24.12 | 23.17 | 21.41 | 26.26 | 22.03 | 21.31 | 20.08 |
| Cost of revenue | 6.97 | 7.57 | 6.74 | 7.00 | 6.51 | 7.11 | 6.55 | 6.82 | 6.72 | 7.11 | 6.73 | 6.97 | 6.74 | 7.06 | 6.68 | 7.25 | 6.86 | 7.19 | 6.15 | 6.37 | 6.16 | 9.84 | 9.13 | 9.42 | 9.65 | 10.68 | 9.69 | 10.15 | 10.14 | 11.07 | 9.95 | 10.80 | 10.83 | 11.68 | 10.17 | 10.32 | 10.21 | 10.88 | 10.21 | 10.54 | 10.00 | 10.65 | 9.84 | 10.42 | 10.14 | 11.25 | 11.52 | 12.00 | 11.61 | 13.38 | 11.91 | 12.79 | 12.73 | 14.14 | 13.02 | 13.50 | 13.56 | 14.76 | 13.98 | 14.28 | 13.75 | 14.79 | 13.27 | 12.92 | 12.88 | 14.09 | 12.94 | 12.67 | 12.28 | 14.07 | 14.34 | 15.22 | 14.34 | 15.90 | 14.16 | 13.83 | 13.16 | 14.56 | 13.13 | 12.88 | 12.57 |
| Gross profit | 8.95 | 12.12 | 9.59 | 9.98 | 8.03 | 10.44 | 8.42 | 8.95 | 7.74 | 10.27 | 8.02 | 8.50 | 7.51 | 9.63 | 7.43 | 8.29 | 7.34 | 9.50 | 7.11 | 7.85 | 7.03 | 10.52 | 8.43 | 8.70 | 7.92 | 11.10 | 8.34 | 9.01 | 8.04 | 10.69 | 8.80 | 9.20 | 8.25 | 10.86 | 8.98 | 8.97 | 7.94 | 10.89 | 9.01 | 9.70 | 8.69 | 11.41 | 9.44 | 10.39 | 9.45 | 12.86 | 10.87 | 12.04 | 10.63 | 14.32 | 11.43 | 12.13 | 10.68 | 15.17 | 11.73 | 12.28 | 11.12 | 14.72 | 12.17 | 12.39 | 10.86 | 14.23 | 11.00 | 10.81 | 9.98 | 13.15 | 10.63 | 10.58 | 9.43 | 12.94 | 10.96 | 11.60 | 10.17 | 14.82 | 9.96 | 9.34 | 8.25 | 11.70 | 8.90 | 8.43 | 7.51 |
| Total operating expenses | 7.59 | 7.95 | 6.93 | 6.89 | 6.27 | 6.54 | 6.24 | 6.52 | 6.18 | 6.27 | 5.92 | 6.22 | 6.07 | 6.13 | 5.87 | 6.33 | 6.15 | 6.53 | 5.77 | 6.25 | 6.07 | 6.53 | 6.02 | 6.49 | 6.73 | 6.83 | 6.41 | 6.64 | 6.02 | 5.86 | 5.34 | 5.93 | 6.52 | 6.21 | 5.58 | 6.09 | 6.05 | 5.89 | 5.63 | 6.42 | 7.16 | 6.28 | 5.81 | 6.28 | 6.40 | 7.05 | 6.39 | 6.70 | 7.41 | 7.27 | 6.40 | 7.96 | 7.02 | 6.38 | 7.12 | 7.13 | 7.22 | 7.63 | 7.21 | 7.60 | 7.43 | 7.54 | 6.61 | 6.54 | 7.18 | 7.12 | 6.48 | 6.53 | 6.74 | 7.36 | 7.10 | 7.95 | 7.19 | 7.60 | 6.85 | 7.17 | 6.60 | 7.21 | 6.66 | 6.44 | 6.06 |
| Operating income | 1.36 | 4.17 | 2.66 | 3.09 | 1.77 | 3.90 | 2.18 | 2.43 | 1.56 | 4.00 | 2.10 | 2.28 | 1.44 | 3.50 | 1.56 | 1.96 | 1.18 | 2.97 | 1.34 | 1.60 | 0.96 | 4.00 | 2.41 | 2.21 | 1.19 | 4.27 | 1.92 | 2.37 | 2.02 | 4.82 | 3.47 | 3.27 | 1.73 | 4.65 | 3.40 | 2.88 | 1.89 | 5.00 | 3.38 | 3.28 | 1.53 | 5.13 | 3.63 | 4.11 | 3.05 | 5.82 | 4.49 | 5.35 | 3.22 | 7.04 | 5.03 | 4.18 | 3.66 | 8.79 | 4.61 | 5.15 | 3.89 | 7.09 | 4.97 | 4.79 | 3.43 | 6.69 | 4.39 | 4.27 | 2.79 | 6.03 | 4.14 | 4.06 | 2.69 | 5.58 | 3.86 | 3.65 | 2.98 | 7.22 | 3.11 | 2.17 | 1.65 | 4.50 | 2.24 | 2.00 | 1.45 |
| Non-operating income (net) | 0.03 | -0.02 | -0.23 | -0.49 | -0.61 | -0.60 | -2.98 | -0.22 | -0.49 | -0.24 | -0.23 | -0.28 | -0.38 | -0.19 | -6.06 | -0.24 | -0.56 | -0.11 | -0.52 | -0.69 | -0.71 | -2.71 | -0.58 | -0.64 | -1.24 | -0.27 | -0.40 | 0.40 | -0.14 | -0.39 | -0.47 | -0.49 | -0.59 | -0.18 | -0.33 | -0.44 | -0.47 | -0.02 | -0.12 | -0.23 | -0.50 | -0.03 | -0.01 | 0.11 | -0.05 | 1.28 | -0.12 | 0.00 | -0.03 | -0.08 | -0.06 | -0.03 | -0.06 | -0.96 | 0.47 | 0.01 | -0.06 | 0.18 | 0.06 | 0.10 | 0.38 | 0.27 | 0.29 | 0.30 | 0.72 | 0.35 | 0.23 | 0.21 | 0.43 | 0.23 | 0.03 | 0.17 | 0.22 | -1.73 | 0.17 | 0.97 | 0.93 | 0.32 | 0.94 | 0.89 | 0.99 |
| Income before tax | 1.39 | 4.14 | 2.43 | 2.60 | 1.16 | 3.31 | -0.80 | 2.22 | 1.07 | 3.76 | 1.87 | 2.00 | 1.06 | 3.31 | -4.50 | 1.72 | 0.62 | 2.87 | 0.81 | 0.91 | 0.24 | 1.29 | 1.83 | 1.57 | -0.05 | 3.99 | 1.52 | 2.77 | 1.88 | 4.43 | 3.00 | 2.78 | 1.14 | 4.47 | 3.07 | 2.44 | 1.42 | 4.99 | 3.26 | 3.05 | 1.03 | 5.10 | 3.62 | 4.22 | 3.00 | 7.10 | 4.36 | 5.35 | 3.18 | 6.96 | 4.97 | 4.14 | 3.61 | 7.83 | 5.07 | 5.16 | 3.84 | 7.27 | 5.03 | 4.89 | 3.82 | 6.96 | 4.68 | 4.58 | 3.52 | 6.38 | 4.37 | 4.26 | 3.12 | 5.81 | 3.90 | 3.81 | 3.20 | 5.49 | 3.28 | 3.14 | 2.58 | 4.81 | 3.17 | 2.89 | 2.44 |
| Income tax expense | 0.17 | -1.44 | 0.69 | 0.40 | 0.10 | 0.38 | -0.49 | 0.39 | -0.50 | 0.47 | 0.16 | 0.42 | 0.12 | 0.44 | -1.29 | 0.26 | -0.04 | 0.41 | -0.22 | 0.10 | -0.16 | 0.03 | 0.13 | 0.21 | -1.23 | 0.32 | -0.15 | 0.27 | 0.29 | 2.48 | 0.30 | 0.37 | -0.54 | 5.52 | 0.34 | 0.11 | -0.33 | 0.48 | 0.41 | 0.54 | -0.98 | 0.64 | 0.66 | 0.70 | 0.59 | 1.58 | 0.91 | 1.10 | 0.65 | 0.78 | 0.83 | 0.92 | 0.57 | 2.00 | 1.25 | 1.28 | 0.77 | 1.78 | 1.19 | 1.22 | 0.95 | 1.70 | 1.09 | 1.19 | 0.91 | 1.57 | 1.16 | 1.16 | 0.83 | 1.38 | 1.07 | 1.05 | 0.88 | 1.54 | 0.92 | 0.88 | 0.74 | 1.35 | 0.95 | 0.87 | 0.73 |
| Net income | 1.22 | 5.60 | 1.74 | 2.19 | 1.06 | 2.91 | -0.33 | 1.83 | 1.61 | 3.29 | 1.70 | 1.58 | 0.93 | 2.71 | -3.20 | 1.39 | 0.73 | 2.33 | 1.13 | 1.33 | 0.96 | 1.36 | 1.70 | 1.36 | 1.18 | 3.67 | 1.67 | 2.50 | 1.59 | 1.95 | 2.69 | 2.40 | 1.68 | -1.06 | 2.73 | 2.33 | 1.75 | 4.50 | 2.85 | 2.51 | 2.01 | 4.46 | 2.95 | 3.45 | 2.33 | 5.48 | 0.02 | 4.14 | 2.38 | 6.18 | 4.04 | 3.23 | 3.03 | 5.83 | 3.82 | 3.88 | 3.07 | 5.49 | 3.84 | 3.66 | 2.86 | 5.26 | 3.59 | 3.39 | 2.60 | 4.81 | 3.21 | 3.10 | 2.30 | 4.43 | 2.82 | 2.77 | 2.32 | 3.95 | 2.36 | 2.26 | 1.84 | 3.54 | 2.22 | 2.02 | 1.71 |