International Business Machines Corporation

IBM Technology Information Technology Services

International Business Machines Corporation’s revenue for fiscal 2025 (year ended December 2025) was $67.5 billion, up 7.62% from fiscal 2024.

Revenue
+4.73%
EPS
+24.1%
Free cash flow
+31.3%
Total debt
+1.11%

Quarter to September 2026, against a year earlier

245.24 1.87 −0.76%
Market cap
$233.6B
P/E
20.9×
Fwd P/E
25.8×
Dividend yield
2.72%
F-score
6/9
Altman Z
3.49
Beneish M
−2.41
Dividend safety
64/100

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.

Older periods Dec '25 Mar '26 Jun '26 Sep '26
Revenue

+8 more TTM periods

67,535.00 68,911.00 69,096.00 69,868.00
Gross Profit
39,296.00 40,215.00 40,145.00 40,498.00
Operating Income
10,857.00 11,350.00 11,112.00 11,297.00
EBT
10,328.00 10,557.00 10,439.00 10,506.00
Income after Tax
10,570.00 10,730.00 10,703.00 11,158.00
Net Income Common
10,593.00 10,754.00 10,725.00 11,171.00
EPS (Diluted)
11.15 11.31 11.27 11.73
Shares (Diluted, Weighted)
947.74 949.42 950.74 951.89
Gross Margin
58.19% 58.36% 58.10% 57.96%
EBIT Margin
16.08% 16.47% 16.08% 16.17%
Net Profit Margin
15.69% 15.61% 15.52% 15.99%
Free Cash Flow Margin
18.10% 18.82% 20.02% 21.07%
EBITDA
15,878.00 16,468.00 16,314.00 16,594.00
EBIT
10,857.00 11,350.00 11,112.00 11,297.00

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In millions of $ except per-share values · columns are period end dates · fundamentals updated 2 Nov 2026