International Business Machines Corporation (IBM) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	69.1B	67.5B	62.8B	61.9B	60.5B
Cost of Revenue	28.7B	28.2B	27.2B	27.6B	27.8B
Gross Profit	40.4B	39.3B	35.6B	34.3B	32.7B
Operating Expenses
R&D Expense	8.8B	8.3B	7.5B	6.8B	6.6B
SG&A Expense	19.0B	18.1B	17.9B	17.6B	18.6B
General & Admin Expense	18.2B	17.0B	16.7B	16.3B	16.1B
Selling & Marketing Expense	770.0M	1.1B	1.2B	1.2B	2.5B
Other Expenses	330.0M	348.0M	89.0M	145.0M	(662.0M)
Total Operating Expenses	28.0B	26.8B	25.5B	24.5B	24.5B
Cost and Expenses	56.8B	55.0B	52.7B	52.0B	52.4B
Operating Income (EBIT)	12.3B	12.5B	10.1B	9.8B	8.2B
Non-Operating
Interest Income	434.0M	645.0M	747.0M	670.0M	162.0M
Interest Expense	1.9B	1.9B	1.7B	1.6B	1.2B
Net Interest Income	(1.5B)	(1.3B)	(965.0M)	(937.0M)	(1.1B)
Other Non-Op Income/Expense	(1.9B)	(2.2B)	(4.3B)	(1.1B)	(7.0B)
Non-Operating Income (excl Interest)	(25.0M)	229.0M	2.6B	(476.0M)	5.8B
EBT (Pre-Tax Income)	10.4B	10.3B	5.8B	8.7B	1.2B
Income Tax Expense	(264.0M)	(242.0M)	(218.0M)	1.2B	(626.0M)
Bottom Line
Net Income	10.7B	10.6B	6.0B	7.5B	1.6B
Earnings from Cont. Ops	10.7B	10.6B	6.0B	7.5B	1.8B
Earnings from Discont. Ops	20.0M	22.0M	8.0M	(12.0M)	(143.0M)
Bottom Line Net Income	10.7B	10.6B	6.0B	7.5B	1.6B
Per Share
Basic EPS	$11.45	$11.36	$6.53	$8.23	$1.82
Diluted EPS	$11.30	$11.17	$6.43	$8.14	$1.80
Revenue Per Share	$73.52	$72.44	$66.96	$67.89	$67.06
Shares
Basic Shares Outstanding	939.9M	932.3M	937.2M	911.2M	902.7M
Diluted Shares Outstanding	952.7M	948.7M	937.2M	922.1M	912.3M
Profitability Metrics
EBITDA	16.2B	17.3B	12.2B	14.7B	7.2B
D&A	3.9B	5.0B	4.7B	4.4B	4.8B
EBIT	12.4B	12.3B	7.5B	10.3B	2.4B

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026