IBM
NYSEInternational Business Machines Corporation
Revenue and Net Income
Values in USD
Income Statement
Values in USD
| Financial item | TTMJun 30, 2026 | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|---|
Total Revenue | 69.10B | 67.54B | 62.75B | 61.86B | 60.53B |
Cost of Revenue | 28.95B | 28.24B | 27.20B | 27.56B | 27.84B |
Gross Profit | 40.15B | 39.30B | 35.55B | 34.30B | 32.69B |
Operating Expense | 27.44B | 26.80B | 25.48B | 24.48B | 24.51B |
Operating Income | 12.71B | 12.49B | 10.07B | 9.82B | 8.17B |
Net Non Operating Interest Income Expense | -1.41B | -1.29B | -965.00M | -937.00M | -1.05B |
Other Income Expense | -856.00M | -873.00M | -3.31B | -193.00M | -5.96B |
Pretax Income | 10.44B | 10.33B | 5.80B | 8.69B | 1.16B |
Tax Provision | -265.00M | -242.00M | -218.00M | 1.18B | -626.00M |
Net Income Common Stockholders | 10.72B | 10.59B | 6.02B | 7.50B | 1.64B |
Average Dilution Earnings | — | — | 0.00 | 0.00 | 0.00 |
Diluted NI Available to Com Stockholders | 10.72B | 10.59B | 6.02B | 7.50B | 1.64B |
Basic EPS | 11.46 | 11.36 | 6.53 | 8.23 | 1.82 |
Diluted EPS | 11.29 | 11.17 | 6.43 | 8.14 | 1.80 |
Basic Average Shares | 937.52M | 932.29M | 921.77M | 911.21M | 902.70M |
Diluted Average Shares | 951.69M | 948.68M | 937.16M | 922.07M | 912.30M |
Total Expenses | 56.39B | 55.04B | 52.68B | 52.04B | 52.35B |
Net Income from Continuing & Discontinued Operation | 10.72B | 10.59B | 6.02B | 7.50B | 1.64B |
Normalized Income | 11.26B | 11.38B | 6.13B | 7.94B | 1.67B |
Interest Income | 520.00M | 645.00M | 747.00M | 670.00M | 162.00M |
Interest Expense | 1.93B | 1.94B | 1.71B | 1.61B | 1.22B |
Net Interest Income | -1.41B | -1.29B | -965.00M | -937.00M | -1.05B |
EBIT | 12.37B | 12.26B | 7.51B | 10.30B | 2.37B |
EBITDA | 17.57B | 17.28B | 12.18B | 14.69B | 7.17B |
Reconciled Cost of Revenue | 25.12B | 24.50B | 23.64B | 24.16B | 27.84B |
Reconciled Depreciation | 5.20B | 5.02B | 4.67B | 4.40B | 4.80B |
Net Income from Continuing Operation Net Minority Interest | 10.71B | 10.57B | 6.01B | 7.51B | 1.78B |
Total Unusual Items Excluding Goodwill | -927.00M | -1.03B | -141.00M | -498.00M | 140.00M |
Total Unusual Items | -927.00M | -1.03B | -141.00M | -498.00M | 140.00M |
Normalized EBITDA | 18.50B | 18.31B | 12.32B | 15.19B | 7.03B |
Tax Rate for Calcs | 0.40 | 0.21 | 0.21 | 0.14 | 0.21 |
Tax Effect of Unusual Items | -370.80M | -216.09M | -29.61M | -67.23M | 29.40M |
Key Statistics
Valuation
Volume & Shares
Growth Indicators
Currency & Exchange
International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate. Its Consulting segment focuses on skills integration for strategy, experience, technology, and operations by domain and industry. The Infrastructure segment provides on-premises and cloud based server, and storage solutions, as well as life-cycle services for hybrid cloud infrastructure deployment. Its Financing segment offers client and commercial financing, facilitates IBM clients' acquisition of hardware, software, and services. It has strategic partnership with various companies, including hyperscalers, service providers, system integrators, and software and hardware vendors that includes Adobe, Amazon Web services, Microsoft, Oracle, Salesforce, Samsung Electronics and SAP, and others. The company was formerly known as Computing-Tabulating-Recording Co. International Business Machines Corporation was incorporated in 1911 and is headquartered in Armonk, New York.