Income Statement
INTERNATIONAL BUSINESS MACHINES CORP
IBM
Performance Overview
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in millions USD
| Metric | Dec 31, 2025 2025 FY | Dec 31, 2024 2024 FY | Dec 31, 2023 2023 FY | Dec 31, 2022 2022 FY | Dec 31, 2021 2021 FY | Dec 31, 2020 2020 FY | Dec 31, 2019 2019 FY | Dec 31, 2018 2018 FY | Dec 31, 2017 2017 FY | Dec 31, 2016 2016 FY | Dec 31, 2015 2015 FY | Dec 31, 2014 2014 FY | Dec 31, 2013 2013 FY | Dec 31, 2012 2012 FY | Dec 31, 2011 2011 FY | Dec 31, 2010 2010 FY | Dec 31, 2009 2009 FY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Revenue
|
67,535.00 | 62,753.00 | 61,860.00 | 60,530.00 | 57,350.00 | 79,758.00 | 82,419.00 | 85,644.00 | 84,857.00 | 85,936.00 | 89,211.00 | 100,527.00 | 107,115.00 | 111,826.00 | 114,440.00 | 106,827.00 | 95,758.00 |
|
Cost of Revenue
|
403.00 | 20,529.00 | 21,051.00 | 1,222.00 | 1,117.00 | 1,322.00 | 1,337.00 | 773.00 | 687.00 | 688.00 | 610.00 | 761.00 | 300.00 | 421.00 | 56,778.00 | 53,857.00 | 51,973.00 |
|
Gross Profit
|
39,297.00 | 35,551.00 | 34,300.00 | 32,687.00 | 31,486.00 | 35,575.00 | 36,488.00 | 36,936.00 | 36,227.00 | 38,294.00 | 40,684.00 | 46,407.00 | 48,505.00 | 50,298.00 | 50,138.00 | 46,014.00 | 43,785.00 |
|
Operating Expenses
|
28,439.00 | 27,167.00 | 25,778.00 | 25,176.00 | 25,233.00 | 29,415.00 | 26,593.00 | 24,752.00 | 25,894.00 | 26,820.00 | 25,677.00 | 28,617.00 | 29,728.00 | 29,855.00 | 29,852.00 | 27,863.00 | 26,772.00 |
|
Research & Development
|
8,316.00 | 7,479.00 | 6,775.00 | 6,567.00 | 6,488.00 | 6,333.00 | 5,989.00 | 5,379.00 | 5,787.00 | 5,751.00 | 5,247.00 | 5,437.00 | 6,226.00 | 6,302.00 | 6,258.00 | 6,026.00 | 5,820.00 |
|
Selling, General & Administrative
|
20,123.00 | 19,688.00 | 19,003.00 | 18,609.00 | 18,745.00 | 23,082.00 | 20,604.00 | 19,373.00 | 20,107.00 | 21,069.00 | 20,430.00 | 23,180.00 | 23,502.00 | 23,553.00 | 23,594.00 | 21,837.00 | 20,952.00 |
|
Other Operating Expenses
|
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
|
Operating Income
|
10,858.00 | 8,384.00 | 8,522.00 | 7,511.00 | 6,253.00 | 6,160.00 | 9,895.00 | 12,184.00 | 10,333.00 | 11,474.00 | 15,007.00 | 17,790.00 | 18,777.00 | 20,443.00 | 20,286.00 | 18,151.00 | 17,013.00 |
|
Non-Operating Income
|
530.00 | 2,587.00 | -168.00 | 6,355.00 | 1,416.00 | 1,523.00 | -271.00 | 842.00 | -4,644.00 | -3,906.00 | -4,663.00 | -4,472.00 | -4,190.00 | -3,572.00 | -2,618.00 | -2,627.00 | -1,125.00 |
|
Interest Income
|
645.00 | 747.00 | 680.00 | 582.00 | 628.00 | 1,058.00 | 1,490.00 | 1,647.00 | 1,527.00 | 1,547.00 | 1,720.00 | 1,951.00 | 1,904.00 | 1,942.00 | 2,139.00 | 2,116.00 | - |
|
Interest Expense
|
1,935.00 | 1,712.00 | 1,607.00 | 1,216.00 | 1,155.00 | 1,288.00 | 1,344.00 | 757.00 | 658.00 | 630.00 | 469.00 | 518.00 | 405.00 | 459.00 | 538.00 | 548.00 | 402.00 |
|
Other Non-Op Income / Expense
|
221.00 | 877.00 | 266.00 | 443.00 | - | - | - | - | - | - | - | - | - | - | - | - | - |
|
Income Before Tax
|
16,364.00 | 13,535.00 | 11,283.00 | 10,441.00 | 8,637.00 | 9,040.00 | 13,019.00 | 14,881.00 | 14,977.00 | 15,380.00 | 19,670.00 | 22,262.00 | 22,967.00 | 24,015.00 | 22,904.00 | 20,778.00 | 18,138.00 |
|
Income Tax Expense
|
-265.00 | -226.00 | 1,188.00 | -483.00 | -906.00 | -953.00 | 735.00 | 2,614.00 | 9,224.00 | -26.00 | 849.00 | 2,093.00 | 993.00 | 2,582.00 | 2,141.00 | 4,890.00 | 4,713.00 |
|
Non-Controlling Interest
|
26.00 | 17.00 | 16.00 | 20.00 | 19.00 | 22.00 | 25.00 | 17.00 | 17.00 | 16.00 | 8.00 | 6.00 | 7.00 | 11.00 | 6.00 | 9.00 | - |
|
Net Income
|
10,593.00 | 6,023.00 | 7,502.00 | 1,639.00 | 5,743.00 | 5,590.00 | 9,431.00 | 8,728.00 | 5,753.00 | 11,872.00 | 13,190.00 | 12,022.00 | 16,483.00 | 16,604.00 | 15,855.00 | 14,833.00 | 13,425.00 |
Supplemental
Per share data, derived & other items — not part of the income statement
in millions USD unless noted
| Metric | Dec 31, 2025 2025 FY | Dec 31, 2024 2024 FY | Dec 31, 2023 2023 FY | Dec 31, 2022 2022 FY | Dec 31, 2021 2021 FY | Dec 31, 2020 2020 FY | Dec 31, 2019 2019 FY | Dec 31, 2018 2018 FY | Dec 31, 2017 2017 FY | Dec 31, 2016 2016 FY | Dec 31, 2015 2015 FY | Dec 31, 2014 2014 FY | Dec 31, 2013 2013 FY | Dec 31, 2012 2012 FY | Dec 31, 2011 2011 FY | Dec 31, 2010 2010 FY | Dec 31, 2009 2009 FY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Depreciation & Amortization
|
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
|
EBITDA
|
10,858.00 | 8,384.00 | 8,522.00 | 7,511.00 | 6,253.00 | 6,160.00 | 9,895.00 | 12,184.00 | 10,333.00 | 11,474.00 | 15,007.00 | 17,790.00 | 18,777.00 | 20,443.00 | 20,286.00 | 18,151.00 | 17,013.00 |
|
Earnings Per Share (Basic)
|
11.36 | 6.53 | 8.23 | 1.82 | 6.41 | 6.28 | 10.63 | 9.57 | 6.17 | 12.43 | 13.48 | 11.97 | 15.06 | 14.53 | 13.25 | 11.69 | 10.12 |
|
Diluted EPS
|
11.17 | 6.43 | 8.14 | 1.80 | 6.35 | 6.23 | 10.56 | 9.52 | 6.14 | 12.38 | 13.42 | 11.90 | 14.94 | 14.37 | 13.06 | 11.52 | 10.01 |
|
Weighted Average Shares
|
932.29 | 921.77 | 911.21 | 902.66 | 895.99 | 890.35 | 887.24 | 912.05 | 932.83 | 955.42 | 978.74 | 1,004.27 | 1,094.49 | 1,142.51 | 1,196.95 | 1,268.79 | 1,327.16 |
|
Diluted Weighted Avg Shares
|
948.68 | 937.16 | 922.07 | 912.27 | 904.64 | 896.56 | 892.81 | 916.32 | 937.39 | 958.71 | 982.70 | 1,010.00 | 1,103.04 | 1,155.45 | 1,213.77 | 1,287.36 | 1,341.35 |
|
Comprehensive Income
|
10,148.00 | 9,516.00 | 5,481.00 | 8,134.00 | - | 4,850.00 | 10,324.00 | 8,252.00 | 8,559.00 | - | - | - | - | - | - | - | - |