International Business Machines (IBM) Income Statement: Revenue & Earnings

International Business Machines Income Statement Analysis

Revenue, earnings, and profit margins in billions USD

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International Business Machines Corporation income statement - Annual data in billions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period Ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018
Revenue & Gross Profit
Revenue	67.54	62.75	61.86	60.53	57.35	55.18	77.15	79.59
Cost of Revenue	28.24	27.20	27.56	27.44	25.87	23.74	0.90	42.66
Gross Profit	39.30	35.55	34.30	32.69	31.49	30.87	76.24	36.94
Operating Expenses
Research & Development	8.32	7.48	6.78	6.57	6.49	6.26	5.99	5.38
Selling, General & Administrative	20.19	17.91	17.56	19.26	18.75	20.56	61.26	19.37
Operating Expenses	27.54	25.48	24.48	25.17	25.23	26.20	67.25	23.72
Operating Income	11.76	10.07	9.82	7.52	32.12	4.66	9.90	13.22
Other Income/Expense
Interest Income	0.00	0.75	0.67	0.16	0.05	0.00	0.00	0.26
Interest Expense	-1.94	1.71	1.61	-1.22	-1.16	-1.29	0.00	0.72
Other Income/Expense	0.51	-3.31	-0.19	0.10	-1.72	-0.79	-1.90	-1.15
Income
Income Before Tax	10.33	5.80	8.69	1.16	4.84	2.57	10.17	11.34
Income Tax Expense	-0.24	-0.22	1.18	-0.63	0.12	-1.36	0.73	2.62
Net Income	10.59	6.02	7.50	1.64	5.74	5.59	9.43	8.73
Net Income - Continuous Operations	10.59	6.02	7.51	1.78	4.71	0.00	0.00	0.00
Net Income - Discontinued Operations	0.00	0.01	-0.01	-0.14	1.03	0.00	0.00	0.00
EBITDA	16.78	12.18	14.69	10.78	12.41	11.36	19.53	16.55
EBIT	11.76	7.51	10.30	7.52	5.99	4.66	13.47	12.07
Depreciation & Amortization	5.02	1.11	1.00	3.25	5.73	6.70	0.00	0.44
Earnings Per Share
Basic EPS	11.00	7.00	8.00	2.00	6.00	6.00	10.00	10.00
Diluted EPS	11.00	6.00	8.00	2.00	6.00	6.00	10.00	10.00
Basic Shares Outstanding	0.93	0.92	0.91	0.90	0.90	0.89	0.93	0.91
Diluted Shares Outstanding	0.95	0.94	0.92	0.91	0.90	0.90	0.93	0.92