IBMNYSEComputer & office EquipmentFiscal year ends December 31

INTERNATIONAL BUSINESS MACHINES CORP

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 23, 2026

$236.39+4.25 (+1.83%)

Close on Oct 19, 2026

Market cap: $225.34B
P/E (TTM): 21.0
Dividend yield: 2.84%

INTERNATIONAL BUSINESS MACHINES CORP income statement

Annual Quarterly TTM

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31	FY 2014 2014-12-31	FY 2013 2013-12-31	FY 2012 2012-12-31	FY 2011 2011-12-31	FY 2010 2010-12-31	FY 2009 2009-12-31	FY 2008 2008-12-31	FY 2007 2007-12-31
Revenue	67,535	62,753	61,860	60,530	57,350	55,179	57,714	79,591	79,139	79,919	81,741	92,793	98,367	102,874	106,916	99,870	95,758	103,630	98,786
Cost of Revenue	28,239	27,201	27,560	27,842	25,865	24,314	26,181	42,655	42,196	41,403	41,057	46,386	49,683	52,513	56,778	53,857	51,973	57,969	57,057
Gross Profit	39,297	35,551	34,300	32,687	31,486	30,865	31,533	36,936	36,943	38,516	40,684	46,407	48,684	50,361	50,138	46,014	43,785	45,661	41,729
Research & Development	8,316	7,479	6,775	6,567	6,488	6,262	5,910	5,379	5,590	5,726	5,247	5,437	5,743	5,816	6,258	6,026	5,820	6,337	6,153
Selling, General & Admin	20,123	19,688	19,003	18,609	18,745	20,561	18,724	19,366	19,680	20,869	20,430	23,180	23,451	23,463	23,594	21,837	20,952	23,386	22,060
Advertising Expenses	1,129	1,173	1,237	1,330	1,413	1,509	1,591	1,466	1,445	1,327	1,290	1,307	1,294	1,339	1,373	1,337	1,255	1,259	–
Interest Expense	1,935	1,712	1,607	1,216	1,155	1,288	1,344	723	615	630	468	484	402	459	411	368	402	673	611
Interest & Investment Income	645	747	670	162	52	105	–	–	–	–	–	–	–	–	–	–	–	–	–
Other Non-Operating Income	221	877	266	443	225	156	–	–	–	–	–	–	–	–	–	–	–	–	–
Merger & Restructuring Charges	653	692	435	0	0	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Asset Impairment Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	–	–	–	–	–
Gain (Loss) on Sale of Assets	–	–	–	–	–	–	–	–	–	–	-71	-3,381	–	–	–	–	–	–	–
Pretax Income	10,328	5,797	8,690	1,156	4,837	2,572	7,206	11,342	11,400	12,330	15,945	19,986	20,244	22,540	21,003	19,723	18,138	16,715	14,489
Income Tax Expense	-242	-218	1,176	-626	124	-1,360	60	2,619	5,642	449	2,581	4,234	3,363	5,541	5,148	4,890	4,713	4,381	4,071
Income from Continuing Operations	10,571	6,015	7,514	1,783	4,712	3,932	7,146	8,723	5,758	11,881	13,364	15,751	16,881	16,999	–	–	13,425	12,334	10,418
Income from Discontinued Operations	22	8.00	-12	-143	1,030	1,658	2,285	5.00	-5.00	-9.00	-174	-3,729	-398	-395	–	–	–	–	0
Net Income incl. Noncontrolling Interests	–	–	–	1,639	5,743	5,590	9,431	8,728	5,753	11,872	13,190	12,022	16,483	16,604	15,855	14,833	13,425	12,334	10,418
Minority Interest in Earnings	–	–	–	–	–	–	–	–	–	–	–	6.00	7.00	11	6.00	9.00	5.00	14	–
Net Income	10,593	6,023	7,502	1,639	5,743	5,590	9,431	8,728	5,753	11,872	13,190	–	–	–	–	–	–	–	–
Net Income to Common	10,593	6,023	7,502	1,639	5,743	5,590	9,431	8,728	5,753	11,872	13,190	12,022	16,483	16,604	15,855	14,833	13,425	12,334	–
EPS (Basic)(per share)	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	9.02	7.27
EPS (Diluted)(per share)	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	8.89	7.15
Shares Outstanding (Basic, Weighted)(shares)	932	922	911	903	896	890	887	912	933	955	979	1,004	1,094	1,143	1,197	1,269	1,327	1,369	1,434
Shares Outstanding (Diluted, Weighted)(shares)	949	937	922	912	905	897	893	916	937	959	983	1,010	1,103	1,155	1,214	1,287	1,341	1,388	1,457
Dividend per Share(per share)	6.71	6.67	6.63	6.59	6.55	6.51	6.43	6.21	5.90	5.50	–	–	–	–	–	–	–	–	–
Provision for Credit Losses	–	–	–	–	–	–	–	–	–	–	141	243	84	-28	-44	–	–	–	–

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jun 30, 2026

Profitability, TTM

Gross margin: 58.1%
Operating margin: –
Net margin: 15.5%
Return on equity, FY2025: 35.3%

Financial strength

Current ratio: 0.79
Debt to equity: 1.97
Debt to assets: 44.5%
Cash to current liabilities: 20.0%

Valuation

P/E ratio: 21.0
Price to sales: 3.26
Price to book: 6.54
Dividend yield: 2.84%