Financial Statements · From SEC 10-K & 10-Q XBRL Filings
International Business Machines Corporation Revenue & Financial Statements
International Business Machines Corporation reported revenue of $67.5B for the fiscal year ended December 31, 2025, up 7.6% year over year, with net income of $10.6B and diluted EPS of $11.17.
- Company
- International Business Machines Corporation IBM · NYSE
- Latest fiscal year
- FY ended Dec 31, 2025
- Statements
- Income · Balance Sheet · Cash Flow — 5 fiscal years, 8 quarters
Income Statement
Annual, as reported in 10-K filings. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | 57.4B | 60.5B | 61.9B | 62.8B | 67.5B |
| Cost of revenue | 25.9B | 27.8B | 27.6B | 27.2B | 28.2B |
| Gross profit | 31.5B | 32.7B | 34.3B | 35.6B | 39.3B |
| Operating income | — | — | — | — | — |
| Pretax income | (2.7B) | (6.6B) | (227.0M) | (3.4B) | 10.6B |
| Net income | 5.7B | 1.6B | 7.5B | 6.0B | 10.6B |
| Diluted EPS | 6.35 | 1.80 | 8.14 | 6.43 | 11.17 |
| EBITDA | — | — | — | — | — |
Quarterly
| USD | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 15.8B | 15.0B | 17.6B | 14.5B | 17.0B | 16.3B | 19.7B | 15.9B |
| Cost of revenue | 6.8B | 6.5B | 7.1B | 6.5B | 7.0B | 7.0B | 7.8B | 7.0B |
| Gross profit | 8.9B | 8.4B | 10.4B | 8.0B | 10.0B | 9.4B | 11.9B | 8.9B |
| Operating income | — | — | — | — | — | — | — | — |
| Pretax income | 2.2B | (802.0M) | 3.3B | 1.2B | 2.6B | 2.4B | 4.1B | 1.4B |
| Net income | 1.8B | (330.0M) | 2.9B | 1.1B | 2.2B | 1.7B | 5.6B | 1.2B |
| Diluted EPS | 1.96 | -0.36 | 3.11 | 1.12 | 2.31 | 1.84 | 5.90 | 1.28 |
| EBITDA | — | — | — | — | — | — | — | — |
Balance Sheet
Fiscal year-end snapshots. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Total assets | 132.0B | 127.2B | 135.2B | 137.2B | 151.9B |
| Current assets | 29.5B | 29.1B | 32.9B | 34.5B | 36.9B |
| Cash & equivalents | 6.7B | 7.9B | 13.1B | 13.9B | 13.6B |
| Total liabilities | 113.0B | 105.2B | 112.6B | 109.8B | 119.1B |
| Current liabilities | 33.6B | 31.5B | 34.1B | 33.1B | 38.7B |
| Long-term debt | 44.9B | 46.2B | 50.1B | 49.9B | 54.8B |
| Total debt | 51.7B | 50.9B | 56.5B | 55.0B | 61.3B |
| Stockholders’ equity | 18.9B | 21.9B | 22.5B | 27.3B | 32.6B |
| Net debt | 45.1B | 43.1B | 43.5B | 41.0B | 47.7B |
Cash Flow Statement
Annual, as reported in 10-K filings. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Operating cash flow | 12.8B | 10.4B | 13.9B | 13.4B | 13.2B |
| Investing cash flow | (6.0B) | (4.2B) | (7.1B) | (4.9B) | (10.3B) |
| Financing cash flow | (13.4B) | (5.0B) | (1.8B) | (7.1B) | (3.8B) |
| Capital expenditure | 2.1B | 1.3B | 1.2B | 1.0B | 1.1B |
| Free cash flow | 10.7B | 9.1B | 12.7B | 12.4B | 12.1B |
| Dividends paid | — | — | — | — | — |
| Stock-based compensation | 982.0M | 987.0M | 1.1B | 1.3B | 1.7B |
Figures are parsed from SEC XBRL company facts and may be derived where issuers report year-to-date values (quarterly figures differenced; Q4 computed as FY minus Q3). Fiscal periods follow each company's fiscal calendar, not calendar years. Historical fact, not investment advice — verify with official SEC filings.
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