International Business Machines Corporation IBM

225.51 (1.55) (0.68%) as of 25 Sep
Market cap
$214.4B
P/E
19.7×
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An Income Statement, also known as a Profit and Loss Statement, summarizes a company's revenues, expenses, and profits over a specific period. It highlights how revenue is transformed into net income, showcasing operational efficiency. Key components include total revenue, cost of goods sold (COGS), gross profit, operating expenses, and net profit. Businesses use the Income Statement to assess financial performance, make strategic decisions, and ensure profitability. Investors and stakeholders analyze it to gauge the company’s financial health and future growth potential.

Dec '16 Dec '17 Dec '18 Dec '19 Dec '20 Dec '21 Dec '22 Dec '23 Dec '24 Dec '25
Revenue
79,919.00 79,139.00 79,591.00 57,714.00 55,179.00 57,350.00 60,530.00 61,860.00 62,753.00 67,535.00
Revenue Growth
(2.23%) (0.98%) 0.57% (27.49%) (4.39%) 3.93% 5.54% 2.20% 1.44% 7.62%
Cost of Revenue
41,402.00 42,196.00 42,654.00 26,180.00 24,314.00 25,865.00 27,842.00 27,560.00 27,201.00 28,239.00
Gross Profit
38,517.00 36,943.00 36,937.00 31,534.00 30,865.00 31,485.00 32,688.00 34,300.00 35,552.00 39,296.00
R&D Expenses
5,726.00 5,590.00 5,379.00 5,910.00 6,262.00 6,488.00 6,567.00 6,775.00 7,479.00 8,316.00
SG&A Expenses
20,869.00 19,680.00 19,366.00 18,724.00 20,561.00 18,745.00 18,609.00 19,003.00 19,688.00 20,123.00
Operating Income
11,922.00 11,673.00 12,192.00 6,900.00 4,042.00 6,252.00 7,512.00 8,522.00 8,385.00 10,857.00
Non-operating Income/Expense
408.00 (274.00) (849.00) 307.00 (1,470.00) (1,416.00) (6,356.00) 167.00 (2,587.00) (529.00)
Non-operating Interest Expenses
630.00 615.00 723.00 1,344.00 1,288.00 1,155.00 1,216.00 1,607.00 1,712.00 1,935.00
EBT
12,330.00 11,400.00 11,342.00 7,206.00 2,572.00 4,837.00 1,156.00 8,690.00 5,797.00 10,328.00
Income Tax Provision
449.00 5,642.00 2,619.00 60.00 (1,360.00) 124.00 (626.00) 1,176.00 (218.00) (242.00)
Income after Tax
11,881.00 5,758.00 8,723.00 7,146.00 3,932.00 4,713.00 1,782.00 7,514.00 6,015.00 10,570.00
Dividends (Preferred)
— — — — — (1.00) 1.00 — — —
Net Income Common
11,872.00 5,753.00 8,728.00 9,431.00 5,590.00 5,743.00 1,639.00 7,502.00 6,023.00 10,593.00
EPS (Basic)
12.43 6.17 9.57 10.63 6.28 6.41 1.82 8.23 6.53 11.36
EPS (Diluted)
12.38 6.14 9.52 10.56 6.23 6.35 1.80 8.14 6.43 11.17
Shares (Basic, Weighted)
955.42 932.83 912.05 887.24 890.35 895.99 902.66 911.21 921.77 932.29
Shares (Diluted, Weighted)
958.71 937.39 916.32 892.81 896.56 904.64 912.27 922.07 937.16 948.68
Gross Margin
48.20% 46.68% 46.41% 54.64% 55.94% 54.90% 54.00% 55.45% 56.65% 58.19%
EBIT Margin
14.92% 14.75% 15.32% 11.96% 7.33% 10.90% 12.41% 13.78% 13.36% 16.08%
EBT margin
15.43% 14.41% 14.25% 12.49% 4.66% 8.43% 1.91% 14.05% 9.24% 15.29%
Net Profit Margin
14.86% 7.27% 10.97% 16.34% 10.13% 10.01% 2.71% 12.13% 9.60% 15.69%
Free Cash Flow Margin
17.44% 17.63% 15.20% 22.56% 28.57% 19.39% 15.20% 21.03% 20.64% 18.10%
EBITDA
16,303.00 16,214.00 16,672.00 12,959.00 10,737.00 12,669.00 12,314.00 12,918.00 13,052.00 15,878.00
EBIT
11,922.00 11,673.00 12,192.00 6,900.00 4,042.00 6,252.00 7,512.00 8,522.00 8,385.00 10,857.00
Income from Continuous Operations
11,881.00 5,758.00 8,723.00 7,146.00 3,932.00 4,712.00 1,783.00 7,514.00 6,015.00 10,571.00
Income from Discontinued Operations
(9.00) (5.00) 5.00 2,285.00 1,658.00 1,030.00 (143.00) (12.00) 8.00 22.00
Consolidated Net Income/Loss
11,872.00 5,753.00 8,728.00 9,431.00 5,590.00 5,742.00 1,640.00 7,502.00 6,023.00 10,593.00
EPS (Basic, from Continuous Ops)
12.44 6.17 9.56 8.05 4.42 5.26 1.97 8.25 6.53 11.34
EPS (Basic, from Discontinued Ops)
(0.01) 0.00 0.01 2.58 1.86 1.15 (0.16) (0.01) 0.01 0.02
EPS (Basic, Consolidated)
12.43 6.17 9.57 10.63 6.28 6.41 1.82 8.23 6.53 11.36
EPS (Diluted, from Cont. Ops)
12.39 6.14 9.51 8.00 4.38 5.21 1.95 8.15 6.42 11.14
EPS (Diluted, from Disc. Ops)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Shares (Diluted, Average)
958.70 937.40 916.30 892.80 896.60 904.60 912.30 922.10 937.20 948.70
EPS (Diluted, Consolidated)
12.38 6.14 9.53 10.56 6.23 6.35 1.80 8.14 6.43 11.17
EBITDA Margin
20.40% 20.49% 20.95% 22.45% 19.46% 22.09% 20.34% 20.88% 20.80% 23.51%
Operating Cash Flow Margin
21.38% 21.13% 19.16% 25.59% 32.98% 22.31% 17.24% 22.52% 21.43% 19.54%

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In millions of $ except per-share values · columns are period end dates