Latest Quarter
2026-03-31
International Business Machines Corporation (IBM)
Revenue
$15.9B
Net Income
$1.2B
Operating Margin
8.5%
Free Cash Flow
$11.6B
Debt / Assets
78.4%
Values are in USD and rounded to the nearest whole number unless noted.
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| Income Statement (Quarterly) | 2026-03-31 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|
| Revenue | 15,917,000,000 | 14,541,000,000 | 17,553,000,000 | 14,967,000,000 |
| Cost of Revenue | 6,967,000,000 | 6,510,000,000 | 7,114,000,000 | 6,548,000,000 |
| Gross Profit | 8,950,000,000 | 8,031,000,000 | 10,439,000,000 | 8,420,000,000 |
| Operating Expenses | ||||
| R&D Expenses | 0 | 0 | 0 | 0 |
| SG&A Expenses | 5,089,000,000 | 4,261,000,000 | 4,586,000,000 | 4,311,000,000 |
| Operating Expenses | 7,590,000,000 | 6,266,000,000 | 6,538,000,000 | 6,242,000,000 |
| Operating Income | 1,360,000,000 | 1,765,000,000 | 3,901,000,000 | 2,177,000,000 |
| Interest Expense | 473,000,000 | 455,000,000 | 424,000,000 | 429,000,000 |
| Income Before Tax | 1,387,000,000 | 1,158,000,000 | 3,306,000,000 | -802,000,000 |
| Income Tax Expense | 172,000,000 | 103,000,000 | 379,000,000 | -485,000,000 |
| Net Income | 1,216,000,000 | 1,055,000,000 | 2,914,000,000 | -330,000,000 |
| Per Share | ||||
| EPS | 1.30 | 1.14 | 3.15 | -0.36 |
| EPS Diluted | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Statement (Annual) | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | 67,535,000,000 | 62,753,000,000 | 61,860,000,000 | 60,530,000,000 | 57,351,000,000 |
| Cost of Revenue | 27,350,000,000 | 27,201,000,000 | 27,560,000,000 | 27,843,000,000 | 25,865,000,000 |
| Gross Profit | 40,185,000,000 | 35,551,000,000 | 34,300,000,000 | 32,687,000,000 | 31,486,000,000 |
| Operating Expenses | |||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 21,540,000,000 | 17,910,000,000 | 17,559,000,000 | 18,609,000,000 | 17,699,000,000 |
| Operating Expenses | 29,860,000,000 | 25,478,000,000 | 24,479,000,000 | 24,513,000,000 | 24,654,000,000 |
| Operating Income | 10,325,000,000 | 10,074,000,000 | 9,821,000,000 | 2,372,000,000 | 6,832,000,000 |
| Interest Expense | 1,935,000,000 | 1,712,000,000 | 1,607,000,000 | 1,216,000,000 | 1,155,000,000 |
| Income Before Tax | 10,328,000,000 | 5,797,000,000 | 8,690,000,000 | 1,156,000,000 | 4,837,000,000 |
| Income Tax Expense | -242,000,000 | -218,000,000 | 1,176,000,000 | -626,000,000 | 124,000,000 |
| Net Income | 10,593,000,000 | 6,023,000,000 | 7,502,000,000 | 1,640,000,000 | 5,742,000,000 |
| Per Share | |||||
| EPS | 11.36 | 6.53 | 8.23 | 1.82 | 6.41 |
| EPS Diluted | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Balance Sheet (Quarterly) | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Cash and Cash Equivalents | 13,641,000,000 | 13,947,000,000 | 13,089,000,000 | 7,886,000,000 |
| Short Term Investments | 830,000,000 | 644,000,000 | 373,000,000 | 852,000,000 |
| Net Receivables | 17,639,000,000 | 7,237,000,000 | 7,719,000,000 | 15,148,000,000 |
| Inventory | 1,220,000,000 | 1,289,000,000 | 1,161,000,000 | 1,552,000,000 |
| Total Current Assets | 35,860,000,000 | 34,482,000,000 | 31,910,000,000 | 29,118,000,000 |
| Property Plant Equipment | 9,028,000,000 | 8,928,000,000 | 8,721,000,000 | 8,212,000,000 |
| Goodwill and Intangibles | 79,108,000,000 | 71,366,000,000 | 71,214,000,000 | 67,133,000,000 |
| Total Assets | 151,880,000,000 | 137,175,000,000 | 135,241,000,000 | 127,243,000,000 |
| Liabilities | ||||
| Account Payables | 4,756,000,000 | 4,032,000,000 | 4,132,000,000 | 4,051,000,000 |
| Short Term Debt | 7,224,000,000 | 5,857,000,000 | 7,246,000,000 | 5,634,000,000 |
| Total Current Liabilities | 38,658,000,000 | 33,142,000,000 | 34,121,000,000 | 31,505,000,000 |
| Long Term Debt | 59,930,000,000 | 52,539,000,000 | 52,335,000,000 | 48,379,000,000 |
| Total Liabilities | 119,140,000,000 | 109,782,000,000 | 112,628,000,000 | 105,222,000,000 |
| Shareholders Equity | ||||
| Retained Earnings | 155,648,000,000 | 151,163,000,000 | 151,276,000,000 | 149,825,000,000 |
| Total Shareholders Equity | 32,648,000,000 | 27,307,000,000 | 22,533,000,000 | 21,944,000,000 |
| Balance Sheet (Annual) | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Assets | |||||
| Cash and Cash Equivalents | 13,641,000,000 | 13,947,000,000 | 13,089,000,000 | 7,886,000,000 | 6,650,000,000 |
| Short Term Investments | 830,000,000 | 644,000,000 | 373,000,000 | 852,000,000 | 600,000,000 |
| Net Receivables | 17,639,000,000 | 7,237,000,000 | 7,719,000,000 | 15,148,000,000 | 14,977,000,000 |
| Inventory | 1,220,000,000 | 1,289,000,000 | 1,161,000,000 | 1,552,000,000 | 1,649,000,000 |
| Total Current Assets | 35,860,000,000 | 34,482,000,000 | 31,910,000,000 | 29,118,000,000 | 29,539,000,000 |
| Property Plant Equipment | 9,028,000,000 | 8,928,000,000 | 8,721,000,000 | 8,212,000,000 | 8,915,000,000 |
| Goodwill and Intangibles | 79,108,000,000 | 71,366,000,000 | 71,214,000,000 | 67,133,000,000 | 68,154,000,000 |
| Total Assets | 151,880,000,000 | 137,175,000,000 | 135,241,000,000 | 127,243,000,000 | 132,001,000,000 |
| Liabilities | |||||
| Account Payables | 4,756,000,000 | 4,032,000,000 | 4,132,000,000 | 4,051,000,000 | 3,955,000,000 |
| Short Term Debt | 7,224,000,000 | 5,857,000,000 | 7,246,000,000 | 5,634,000,000 | 7,760,000,000 |
| Total Current Liabilities | 38,658,000,000 | 33,142,000,000 | 34,121,000,000 | 31,505,000,000 | 33,619,000,000 |
| Long Term Debt | 59,930,000,000 | 52,539,000,000 | 52,335,000,000 | 48,379,000,000 | 47,379,000,000 |
| Total Liabilities | 119,140,000,000 | 109,782,000,000 | 112,628,000,000 | 105,222,000,000 | 113,005,000,000 |
| Shareholders Equity | |||||
| Retained Earnings | 155,648,000,000 | 151,163,000,000 | 151,276,000,000 | 149,825,000,000 | 154,209,000,000 |
| Total Shareholders Equity | 32,648,000,000 | 27,307,000,000 | 22,533,000,000 | 21,944,000,000 | 18,901,000,000 |
| Cash Flow Statement (Quarterly) | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2023-09-30 |
|---|---|---|---|---|
| Operating Activities | ||||
| Net Income | 10,571,000,000 | 6,023,000,000 | 7,514,000,000 | 7,514,000,000 |
| Depreciation & Amortization | 5,021,000,000 | 4,667,000,000 | 4,396,000,000 | 4,396,000,000 |
| Stock Based Compensation | 0 | 1,311,000,000 | 1,133,000,000 | -7,612,000,000 |
| Change in Working Capital | -4,137,000,000 | 1,313,000,000 | 2,184,000,000 | 2,184,000,000 |
| Operating Cash Flow | 13,192,000,000 | 13,445,000,000 | 13,931,000,000 | 13,931,000,000 |
| Investing Activities | ||||
| Capital Expenditure | -1,617,000,000 | -1,685,000,000 | -1,810,000,000 | -1,810,000,000 |
| Investments | -1,617,000,000 | -1,048,000,000 | -1,810,000,000 | -1,810,000,000 |
| Investing Cash Flow | -10,302,000,000 | -4,937,000,000 | -7,070,000,000 | -7,070,000,000 |
| Financing Activities | ||||
| Debt Repayment | 2,873,000,000 | -880,000,000 | -4,497,000,000 | -4,497,000,000 |
| Common Stock Issued/Repurchased | 0 | 745,000,000 | 0 | 0 |
| Dividends Paid | -6,255,000,000 | -6,147,000,000 | -6,040,000,000 | -6,040,000,000 |
| Financing Cash Flow | -3,829,000,000 | -7,079,000,000 | -1,769,000,000 | -1,769,000,000 |
| Summary | ||||
| Free Cash Flow | 11,575,000,000 | 11,760,000,000 | 12,121,000,000 | 12,121,000,000 |
| Net Change in Cash | -520,000,000 | 1,071,000,000 | 5,100,000,000 | 5,100,000,000 |
| Cash Flow Statement (Annual) | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2023-09-30 | 2023-03-31 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 10,571,000,000 | 6,023,000,000 | 7,514,000,000 | 7,514,000,000 | 0 |
| Depreciation & Amortization | 5,021,000,000 | 4,667,000,000 | 4,396,000,000 | 4,396,000,000 | 0 |
| Stock Based Compensation | 0 | 1,311,000,000 | 1,133,000,000 | -7,612,000,000 | 0 |
| Change in Working Capital | -4,137,000,000 | 1,313,000,000 | 2,184,000,000 | 2,184,000,000 | -6,419,000,000 |
| Operating Cash Flow | 13,192,000,000 | 13,445,000,000 | 13,931,000,000 | 13,931,000,000 | 0 |
| Investing Activities | |||||
| Capital Expenditure | -1,617,000,000 | -1,685,000,000 | -1,810,000,000 | -1,810,000,000 | 5,344,000,000 |
| Investments | -1,617,000,000 | -1,048,000,000 | -1,810,000,000 | -1,810,000,000 | 5,344,000,000 |
| Investing Cash Flow | -10,302,000,000 | -4,937,000,000 | -7,070,000,000 | -7,070,000,000 | 5,344,000,000 |
| Financing Activities | |||||
| Debt Repayment | 2,873,000,000 | -880,000,000 | -4,497,000,000 | -4,497,000,000 | 0 |
| Common Stock Issued/Repurchased | 0 | 745,000,000 | 0 | 0 | 0 |
| Dividends Paid | -6,255,000,000 | -6,147,000,000 | -6,040,000,000 | -6,040,000,000 | 0 |
| Financing Cash Flow | -3,829,000,000 | -7,079,000,000 | -1,769,000,000 | -1,769,000,000 | 0 |
| Summary | |||||
| Free Cash Flow | 11,575,000,000 | 11,760,000,000 | 12,121,000,000 | 12,121,000,000 | 5,344,000,000 |
| Net Change in Cash | -520,000,000 | 1,071,000,000 | 5,100,000,000 | 5,100,000,000 | 5,344,000,000 |