INTERNATIONAL BUSINESS MACHINES CORP (IBM) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	69.9B	67.5B	62.8B	61.9B	60.5B
Cost of Revenue	29.4B	28.2B	27.2B	27.6B	27.8B
Gross Profit	40.5B	39.3B	35.6B	34.3B	32.7B
Operating Expenses
R&D Expense	9.0B	8.3B	7.5B	6.8B	6.6B
SG&A Expense	18.8B	18.1B	17.9B	17.6B	18.6B
General & Admin Expense	18.1B	17.0B	16.7B	16.3B	16.1B
Selling & Marketing Expense	734.0M	1.1B	1.2B	1.2B	2.5B
Other Expenses	55.0M	348.0M	89.0M	145.0M	(662.0M)
Total Operating Expenses	27.9B	26.8B	25.5B	24.5B	24.5B
Cost and Expenses	57.3B	55.0B	52.7B	52.0B	52.4B
Operating Income (EBIT)	12.6B	12.5B	10.1B	9.8B	8.2B
Non-Operating
Interest Income	371.0M	645.0M	747.0M	670.0M	162.0M
Interest Expense	1.9B	1.9B	1.7B	1.6B	1.2B
Net Interest Income	(1.6B)	(1.3B)	(965.0M)	(937.0M)	(1.1B)
Other Non-Op Income/Expense	(2.1B)	(2.2B)	(4.3B)	(1.1B)	(7.0B)
Non-Operating Income (excl Interest)	129.0M	229.0M	2.6B	(476.0M)	5.8B
EBT (Pre-Tax Income)	10.5B	10.3B	5.8B	8.7B	1.2B
Income Tax Expense	(652.0M)	(242.0M)	(218.0M)	1.2B	(626.0M)
Bottom Line
Net Income	11.2B	10.6B	6.0B	7.5B	1.6B
Earnings from Cont. Ops	11.2B	10.6B	6.0B	7.5B	1.8B
Earnings from Discont. Ops	10.0M	22.0M	8.0M	(12.0M)	(143.0M)
Bottom Line Net Income	11.2B	10.6B	6.0B	7.5B	1.6B
Per Share
Basic EPS	$11.90	$11.36	$6.53	$8.23	$1.82
Diluted EPS	$11.76	$11.17	$6.43	$8.14	$1.80
Revenue Per Share	$73.98	$72.44	$66.96	$67.89	$67.06
Shares
Basic Shares Outstanding	944.4M	932.3M	937.2M	911.2M	902.7M
Diluted Shares Outstanding	953.5M	948.7M	937.2M	922.1M	912.3M
Profitability Metrics
EBITDA	17.7B	17.3B	12.2B	14.7B	7.2B
D&A	5.3B	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 Sep 1, 2026