International Business Machines Quarterly Income Statement
NYSE: IBMTechnologyComputer ManufacturingUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
International Business Machines revenue and earnings
In the quarter ended Jun 30, 2026, International Business Machines generated $17.16 billion in revenue, up 1.1% from the same quarter a year earlier. Net income was $2.17 billion (-1.3% year over year), for a net margin of 12.6% versus a median of 10.7% in the prior 5 quarters. Gross margin was 57.7% (down from 58.8%).
Diluted earnings per share came in at $2.27, down from $2.31.
Summary generated from market data by MetaCap's automated system. Methodology
International Business Machines income statement (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 17.16B | 15.92B | 19.69B | 16.33B | 16.98B | 14.54B | 17.55B | 14.97B | 15.77B | 14.46B | 17.38B | 14.75B |
| Revenue growth (YoY) | +1.09% | +9.46% | +12.15% | +9.11% | +7.65% | +0.55% | +1.00% | +1.46% | +1.91% | +1.47% | +4.14% | +4.57% |
| Cost of Revenue | 7.25B | 6.97B | 7.76B | 6.97B | 7.00B | 6.51B | 7.11B | 6.55B | 6.82B | 6.72B | 7.11B | 6.73B |
| Gross Profit | 9.91B | 8.95B | 11.93B | 9.36B | 9.98B | 8.03B | 10.44B | 8.42B | 8.95B | 7.74B | 10.27B | 8.02B |
| Research & Development | 2.31B | 2.17B | 2.19B | 2.08B | 2.10B | 1.95B | 1.97B | 1.88B | 1.84B | 1.80B | 1.75B | 1.69B |
| Selling, General & Admin | 4.98B | 5.09B | 5.46B | 4.75B | 5.03B | 4.89B | 4.87B | 4.91B | 4.94B | 4.97B | 4.79B | 4.46B |
| Interest Expense | 486.00M | 473.00M | 478.00M | 492.00M | 510.00M | 455.00M | 424.00M | 429.00M | 427.00M | 432.00M | 405.00M | 412.00M |
| Other Income (Expense) | 98.00M | 31.00M | 40.00M | 110.00M | 45.00M | 26.00M | 67.00M | 422.00M | 114.00M | 274.00M | 108.00M | 97.00M |
| Pretax Income | 2.48B | 1.39B | 4.14B | 2.43B | 2.60B | 1.16B | 3.31B | -802.00M | 2.22B | 1.07B | 3.76B | 1.87B |
| Income Tax | 313.00M | 172.00M | -1.44B | 686.00M | 404.00M | 103.00M | 379.00M | -485.00M | 389.00M | -502.00M | 474.00M | 159.00M |
| Net Income | 2.17B | 1.22B | 5.60B | 1.74B | 2.19B | 1.05B | 2.91B | -330.00M | 1.83B | 1.60B | 3.29B | 1.70B |
| Net Income growth (YoY) | -1.32% | +15.26% | +92.18% | — | +19.63% | -34.27% | -11.37% | -119.37% | +15.86% | +73.14% | +21.33% | — |
| EPS (Basic) | 2.30 | 1.30 | 5.99 | 1.87 | 2.36 | 1.14 | 3.15 | -0.36 | 1.99 | 1.75 | 3.60 | 1.87 |
| EPS (Diluted) | 2.27 | 1.28 | 5.90 | 1.84 | 2.31 | 1.12 | 3.11 | -0.36 | 1.96 | 1.72 | 3.57 | 1.84 |
| Shares Outstanding (Basic) | 941.19M | 938.53M | — | 933.86M | 930.81M | 928.01M | — | 923.58M | 920.29M | 917.18M | — | 912.79M |
| Shares Outstanding (Diluted) | 953.26M | 952.13M | — | 948.93M | 947.96M | 945.37M | — | 923.58M | 934.40M | 933.43M | — | 923.67M |
| Gross Margin | 57.73% | 56.23% | 60.59% | 57.31% | 58.77% | 55.23% | 59.47% | 56.25% | 56.75% | 53.53% | 59.07% | 54.39% |
| Net Margin | 12.62% | 7.64% | 28.45% | 10.68% | 12.92% | 7.26% | 16.60% | -2.20% | 11.63% | 11.10% | 18.92% | 11.55% |
This table shows 12 quarterly periods of International Business Machines's income statement, from Q2 2026 back to Q3 2023, 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?