International Business Machines Financial Statements
NYSE: IBMTechnologyComputer ManufacturingUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
International Business Machines revenue and earnings
In fiscal 2025, International Business Machines generated $67.53 billion in revenue, up 7.6% from fiscal 2024, its 5th consecutive year of revenue growth. Net income was $10.59 billion (+75.9% year over year), for a net margin of 15.7% versus a median of 10.0% in the prior 5 years. Gross margin was 58.2% (up from 56.7%).
Diluted earnings per share came in at $11.17, up from $6.43. Over the last 5 fiscal years, IBM's revenue has grown at a 4.1% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
International Business Machines income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 67.53B | 62.75B | 61.86B | 60.53B | 57.35B | 55.18B | 57.71B | 79.59B | 79.14B | 79.92B |
| Revenue growth (YoY) | +7.62% | +1.44% | +2.20% | +5.54% | +3.93% | -4.39% | -27.49% | +0.57% | -0.98% | -2.23% |
| Cost of Revenue | 28.24B | 27.20B | 27.56B | 27.84B | 25.86B | 24.31B | 26.18B | 42.66B | 42.20B | 41.40B |
| Gross Profit | 39.30B | 35.55B | 34.30B | 32.69B | 31.49B | 30.86B | 31.53B | 36.94B | 36.94B | 38.52B |
| Research & Development | 8.32B | 7.48B | 6.78B | 6.57B | 6.49B | 6.26B | 5.91B | 5.38B | 5.59B | 5.73B |
| Selling, General & Admin | 20.12B | 19.69B | 19.00B | 18.61B | 18.75B | 20.56B | 18.72B | 19.37B | 19.68B | 20.87B |
| Interest Expense | 1.94B | 1.71B | 1.61B | 1.22B | 1.16B | 1.29B | 1.34B | 723.00M | 615.00M | 630.00M |
| Other Income (Expense) | 221.00M | 877.00M | 266.00M | 443.00M | 225.00M | 156.00M | — | — | — | — |
| Pretax Income | 10.33B | 5.80B | 8.69B | 1.16B | 4.84B | 2.57B | 7.21B | 11.34B | 11.40B | 12.33B |
| Income Tax | -242.00M | -218.00M | 1.18B | -626.00M | 124.00M | -1.36B | 60.00M | 2.62B | 5.64B | 449.00M |
| Net Income | 10.59B | 6.02B | 7.50B | 1.64B | 5.74B | 5.59B | 9.43B | 8.73B | 5.75B | 11.87B |
| Net Income growth (YoY) | +75.88% | -19.71% | +357.72% | -71.46% | +2.74% | -40.73% | +8.05% | +51.71% | -51.54% | -9.99% |
| EPS (Basic) | 11.36 | 6.53 | 8.23 | 1.82 | 6.41 | 6.28 | 10.63 | 9.57 | 6.17 | 12.43 |
| EPS (Diluted) | 11.17 | 6.43 | 8.14 | 1.80 | 6.35 | 6.23 | 10.56 | 9.52 | 6.14 | 12.38 |
| Shares Outstanding (Basic) | 932.29M | 921.77M | 911.21M | 902.66M | 895.99M | 890.35M | 887.24M | 912.05M | 932.83M | 955.42M |
| Shares Outstanding (Diluted) | 948.68M | 937.16M | 922.07M | 912.27M | 904.64M | 896.56M | 892.81M | 916.32M | 937.39M | 958.71M |
| Gross Margin | 58.19% | 56.65% | 55.45% | 54.00% | 54.90% | 55.94% | 54.64% | 46.41% | 46.68% | 48.19% |
| Net Margin | 15.69% | 9.60% | 12.13% | 2.71% | 10.01% | 10.13% | 16.34% | 10.97% | 7.27% | 14.86% |
This table shows 10 annual periods of International Business Machines's income statement, from FY 2025 back to FY 2016, across 16 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow IBM's reporting calendar. What is a income statement?