IBM
International Business Machines Corporation
NYSE · USTechnologyInformation Technology Services
$213.00+0.16%
Price as of Jul 20, 2026
IBM financials
International Business Machines Corporation financial statements
Annual and quarterly income statement, balance sheet and cash-flow history. On small screens, start with four periods and expand the table when needed.
| Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | $67.5B | $62.8B | $61.9B | $60.5B |
| Cost of revenue | $27.4B | $27.2B | $27.6B | $27.8B |
| Gross profit | $40.2B | $35.6B | $34.3B | $32.7B |
| Operating expenses | $29.9B | $25.5B | $24.5B | $24.5B |
| Operating income | $10.3B | $10.1B | $9.8B | $8.2B |
| Net income | $10.6B | $6.0B | $7.5B | $1.6B |
| EBITDA | $17.3B | $12.2B | $14.7B | $7.2B |
| Basic EPS | $11.36 | $6.53 | $8.23 | $1.82 |
| Diluted EPS | $11.17 | $6.43 | $8.14 | $1.80 |
| Balance sheet | ||||
| Cash & equivalents | $13.6B | $13.9B | $13.1B | $7.9B |
| Total assets | $151.9B | $137.2B | $135.2B | $127.2B |
| Total liabilities | $119.1B | $109.8B | $112.6B | $105.2B |
| Stockholders’ equity | $32.6B | $27.3B | $22.5B | $21.9B |
| Total debt | $67.2B | $58.4B | $59.9B | $54.0B |
| Net debt | $53.5B | $44.4B | $46.9B | $46.1B |
| Cash flow | ||||
| Operating cash flow | $13.2B | $13.4B | $13.9B | $10.4B |
| Capital expenditure | -$1.6B | -$1.7B | -$1.8B | -$2.0B |
| Free cash flow | $11.6B | $11.8B | $12.1B | $8.5B |
| Dividends paid | -$6.3B | -$6.1B | -$6.0B | -$5.9B |
| Share repurchases | -$1.0B | $0.00 | -$402.0M | -$407.0M |