International Business Machines (IBM) balance sheet

NYSE · Technology · Information Technology Services · 264,300 employees · CEO Arvind Krishna

Price: $257.81 -0.18%
Market cap: $244B
Enterprise value: $302B
Last report: Q3 '26 filed 2026-10-22
Next report: 2027-01-27 EPS est. $4.63

At the end of Q3 '26 International Business Machines (IBM) held $11.1B in cash and short-term investments against $67.1B of debt incl. leases. Total assets $155B, total liabilities $119B, shareholders' equity $35.5B.

Balance sheet

Balance sheet	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26	Q3 '26
Assets
Cash & equivalents	$13.1B	$14.6B	$12.2B	$13.2B	$13.9B	$11B	$11.9B	$11.6B	$13.6B	$10.8B	$7.17B	$9.23B
Short-term investments	$373M	$4.51B	$1.48B	$505M	$644M	$6.43B	$3.5B	$3.29B	$830M	$964M	$960M	$1.83B
Receivables	$14B	$11.7B	$11.6B	$11.6B	$14B	$11.9B	$12.7B	$12.6B	$17.6B	$14.2B	$14B	$13.9B
Inventory	$1.16B	$1.21B	$1.23B	$1.37B	$1.29B	$1.43B	$1.25B	$1.4B	$1.22B	$1.48B	$1.75B	$1.95B
Other current assets	$4.35B	$4.66B	$6.77B	$3.9B	$4.59B	$4.56B	$4.81B	$3.88B	$2.53B	$1.2B	$1.28B	$1.23B
Current assets	$32.9B	$36.7B	$33.3B	$30.5B	$34.5B	$35.3B	$34.3B	$32.7B	$35.9B	$31.9B	$28.4B	$31.2B
Property, plant & equipment (net)	$8.72B	$8.8B	$8.73B	$8.97B	$8.93B	$9.07B	$9.26B	$9.07B	$9.03B	$5.78B	$8.8B	$9.16B
Long-term investments	$1.59B	$1.57B	$1.73B	$1.87B	$1.69B	$1.63B	$1.55B	$1.8B	$7.71B	$2.01B	$2.03B	$1.95B
Goodwill	$60.2B	$59.5B	$59.4B	$61.1B	$60.7B	$66.1B	$67.5B	$67.4B	$67.7B	$74.7B	$74.6B	$74.9B
Intangible assets	$11B	$10.7B	$10.3B	$11.1B	$10.7B	$12.4B	$12.3B	$11.7B	$11.4B	$14.6B	$14B	$13.6B
Deferred tax assets	$6.66B	$6.47B	$6.38B	$6.94B	$6.98B	$7.59B	$8.48B	$8.51B	$8.61B	$8.55B	$8.71B	$8.83B
Other non-current assets	$14.2B	$13.4B	$14B	$13.8B	$13.7B	$13.6B	$15.3B	$15.1B	$11.6B	$18.6B	$11B	$15.4B
Non-current assets	$102B	$101B	$101B	$104B	$103B	$110B	$114B	$114B	$116B	$124B	$119B	$124B
Total assets	$135B	$137B	$134B	$134B	$137B	$146B	$149B	$146B	$152B	$156B	$152B	$155B
Liabilities
Accounts payable	$4.13B	$3.59B	$3.63B	$3.27B	$4.03B	$3.59B	$3.97B	$3.87B	$4.76B	$4.04B	$4.4B	$4.49B
Accrued expenses	$3.52B	$3.61B	$3.2B	$3.47B	$3.71B	$3.53B	$3.93B	$3.48B	$4.11B	$3.58B	$3.36B	$3.67B
Short-term debt	$6.43B	$5.47B	$3.6B	$3.6B	$5.09B	$6.91B	$8.95B	$7.94B	$7.22B	$8.66B	$5.78B	$7.76B
Taxes payable	$2.27B	$1.71B	$1.69B	$1.58B	$2.03B	$1.57B	$1.68B	$1.66B	$2.35B	$2.05B	$2.02B	$1.87B
Deferred revenue	$13.5B	$14.1B	$13.6B	$12.9B	$13.9B	$15.1B	$15B	$13.9B	$16.1B	$17B	$16.2B	$15.2B
Other current liabilities	$3.5B	$3.19B	$3.12B	$3.25B	$3.6B	$3.65B	$3.35B	$3.51B	$6.46B	$3.94B	$3.43B	$3.53B
Current liabilities	$34.1B	$32.4B	$29.6B	$28.9B	$33.1B	$35.1B	$37.7B	$35.1B	$38.7B	$40.1B	$35.9B	$36.5B
Long-term debt	$49.8B	$54B	$52.9B	$53B	$49.9B	$56.4B	$55.2B	$55.2B	$57.4B	$57.7B	$56.2B	$56.8B
Lease obligations (non-current)	$2.92B	$2.58B	$2.55B	$2.76B	$2.66B	$2.75B	$2.74B	$2.65B	$2.55B	$2.64B	$2.52B	$2.57B
Deferred revenue (non-current)	$3.53B	$3.49B	$3.49B	$3.67B	$3.62B	$3.84B	$3.91B	$3.86B	$4.27B	$4.2B	$4.27B	$4.32B
Deferred tax liabilities	$1.15B	$0	$0	$0	$815M	$0	$0	$0	$0	$0	$0	$0
Other non-current liabilities	$21.1B	$21.3B	$21.1B	$21.6B	$19.7B	$20.6B	$21.4B	$21.5B	$16.3B	$18.5B	$18.6B	$18.6B
Non-current liabilities	$78.5B	$81.4B	$80.1B	$81B	$76.6B	$83.6B	$83.3B	$83.2B	$80.5B	$83.1B	$81.6B	$82.3B
Total liabilities	$113B	$114B	$110B	$110B	$110B	$119B	$121B	$118B	$119B	$123B	$118B	$119B
Equity
Common stock & paid-in capital	$59.6B	$60.1B	$60.5B	$61B	$61.4B	$61.9B	$62.4B	$62.8B	$63.3B	$63.9B	$64.6B	$65.1B
Retained earnings	$151B	$151B	$152B	$150B	$151B	$151B	$151B	$152B	$156B	$155B	$156B	$157B
Accumulated other comprehensive income	-$18.8B	-$18.5B	-$18.3B	-$16.4B	-$15.3B	-$15.6B	-$16B	-$16B	-$15.7B	-$15.4B	-$15.2B	-$15B
Shareholders' equity	$22.5B	$23.3B	$24B	$24.4B	$27.3B	$26.9B	$27.5B	$27.9B	$32.6B	$33B	$34.5B	$35.5B
Debt
Total debt (incl. leases)	$59.9B	$62.9B	$59.8B	$60.1B	$58.4B	$66.8B	$67.7B	$66.6B	$67.2B	$69.8B	$65.3B	$67.1B
Net debt (debt - cash)	$46.9B	$48.1B	$47.6B	$46.9B	$44.4B	$55.8B	$55.8B	$55B	$53.5B	$59B	$58.1B	$57.9B

Balance sheet	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Assets
Cash & equivalents	$7.83B	$12B	$11.4B	$8.17B	$13.2B	$6.65B	$7.89B	$13.1B	$13.9B	$13.6B
Short-term investments	$701M	$608M	$618M	$696M	$600M	$600M	$852M	$373M	$644M	$830M
Receivables	$29.2B	$32.1B	$7.9B	$8.36B	$6.22B	$7.23B	$7.01B	$14B	$14B	$17.6B
Inventory	$1.55B	$1.58B	$1.68B	$1.62B	$1.84B	$1.65B	$1.55B	$1.16B	$1.29B	$1.22B
Other current assets	-$1M	$2.27B	$26B	$18.1B	$15.7B	$11.6B	$9.95B	$4.35B	$4.59B	$2.53B
Current assets	$43.9B	$49.7B	$49.1B	$38.4B	$39.2B	$29.5B	$29.1B	$32.9B	$34.5B	$35.9B
Property, plant & equipment (net)	$10.8B	$11.1B	$10.8B	$15B	$9.77B	$8.92B	$8.21B	$8.72B	$8.93B	$9.03B
Long-term investments	$4.59B	$4.92B	$226M	$222M	$216M	$1.82B	$1.62B	$1.59B	$1.69B	$7.71B
Goodwill	$36.2B	$36.8B	$36.3B	$58.2B	$53.8B	$55.6B	$55.9B	$60.2B	$60.7B	$67.7B
Intangible assets	$4.69B	$3.74B	$3.09B	$15.2B	$13.7B	$12.5B	$11.2B	$11B	$10.7B	$11.4B
Deferred tax assets	$5.22B	$4.86B	$5.22B	$5.18B	$8.4B	$7.37B	$6.26B	$6.66B	$6.98B	$8.61B
Other non-current assets	$12.1B	$14.2B	$18.6B	$19.9B	$30.9B	$16.2B	$14.9B	$14.2B	$13.7B	$11.6B
Non-current assets	$73.6B	$75.6B	$74.2B	$114B	$117B	$102B	$98.1B	$102B	$103B	$116B
Total assets	$117B	$125B	$123B	$152B	$156B	$132B	$127B	$135B	$137B	$152B
Liabilities
Accounts payable	$6.21B	$6.45B	$6.56B	$4.9B	$4.03B	$3.96B	$4.05B	$4.13B	$4.03B	$4.76B
Accrued expenses	$4.71B	$4.51B	$3.94B	$4.36B	$5.63B	$3.89B	$4.11B	$3.52B	$3.71B	$4.11B
Short-term debt	$7.51B	$6.99B	$10.2B	$8.8B	$7.12B	$6.79B	$4.76B	$6.43B	$5.09B	$7.22B
Taxes payable	$3.24B	$4.22B	$3.05B	$2.84B	$3.3B	$2.29B	$2.2B	$2.27B	$2.03B	$0
Deferred revenue	$11B	$11.6B	$11.2B	$12B	$12B	$12.5B	$12B	$13.5B	$13.9B	$16.1B
Other current liabilities	$3.58B	$3.65B	$3.31B	$3.41B	$6.88B	$3.21B	$3.48B	$3.5B	$3.6B	$6.46B
Current liabilities	$36.3B	$37.4B	$38.2B	$37.7B	$39.9B	$33.6B	$31.5B	$34.1B	$33.1B	$38.7B
Long-term debt	$34.7B	$39.8B	$35.6B	$54.1B	$54.2B	$44.9B	$46B	$49.8B	$49.9B	$57.4B
Lease obligations (non-current)	$0	$0	$38M	$3.88B	$2.72B	$2.46B	$2.19B	$2.92B	$2.66B	$2.55B
Deferred revenue (non-current)	$3.6B	$3.75B	$3.45B	$3.85B	$3.76B	$3.58B	$3.5B	$3.53B	$3.62B	$4.27B
Deferred tax liabilities	$424M	$545M	$3.7B	$5.23B	$4.96B	$3.96B	$2.29B	$1.15B	$815M	$0
Other non-current liabilities	$24.1B	$26.1B	$25.4B	$26.4B	$29.7B	$24.5B	$19.7B	$21.1B	$19.7B	$16.3B
Non-current liabilities	$62.8B	$70.3B	$68.2B	$93.5B	$95.4B	$79.4B	$73.7B	$78.5B	$76.6B	$80.5B
Total liabilities	$99.1B	$108B	$106B	$131B	$135B	$113B	$105B	$113B	$110B	$119B
Equity
Common stock & paid-in capital	$53.9B	$54.6B	$55.2B	$55.9B	$56.6B	$57.3B	$58.3B	$59.6B	$61.4B	$63.3B
Retained earnings	$153B	$153B	$159B	$163B	$163B	$154B	$150B	$151B	$151B	$156B
Accumulated other comprehensive income	-$29.4B	-$26.6B	-$29.5B	-$28.6B	-$29.3B	-$23.2B	-$16.7B	-$18.8B	-$15.3B	-$15.7B
Shareholders' equity	$18.2B	$17.6B	$16.8B	$20.8B	$20.6B	$18.9B	$21.9B	$22.5B	$27.3B	$32.6B
Debt
Total debt (incl. leases)	$42.2B	$46.8B	$45.8B	$68.2B	$65.1B	$55.1B	$54B	$59.9B	$58.4B	$67.2B
Net debt (debt - cash)	$34.3B	$34.9B	$34.4B	$60B	$51.9B	$48.5B	$46.1B	$46.9B	$44.4B	$53.5B

Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.

Cash, investments and debt

quarter ends

The other statements

Income statementRevenue, costs, operating income, net income and EPSOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30

Data as of 2026-11-01