International Business Machines (IBM) income statement
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
International Business Machines (IBM) reported revenue of $17.1B for Q3 '26 (+4.7% year on year), operating income of $2.88B (16.8% of revenue) and net income of $2.19B. Over the last four quarters revenue was $69.9B.
Income statement
| Income statement | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $17.4B | $14.5B | $15.8B | $15B | $17.6B | $14.5B | $17B | $16.3B | $19.7B | $15.9B | $17.2B | $17.1B | |
| Cost of revenue | $7.11B | $6.72B | $6.82B | $6.55B | $7.11B | $6.51B | $7B | $6.74B | $7.76B | $6.97B | $7.26B | $7.39B | |
| Gross profit | $10.3B | $7.74B | $8.95B | $8.42B | $10.4B | $8.03B | $9.98B | $9.59B | $11.9B | $8.95B | $9.91B | $9.71B | |
| Research & development | $1.75B | $1.8B | $1.84B | $1.88B | $1.97B | $1.95B | $2.1B | $2.08B | $2.19B | $2.17B | $2.31B | $2.38B | |
| Sales & marketing | $248M | $279M | $354M | $279M | $261M | $238M | $349M | $270M | $271M | $229M | $0 | $234M | |
| General & administrative | $4.25B | $4.09B | $4.29B | $4.03B | $4.33B | $4.02B | $4.32B | $4.48B | $4.56B | $4.17B | $4.98B | $4.39B | |
| Other operating expenses | $25M | $18M | $28M | $55M | -$15M | $55M | $122M | $111M | $61M | $158M | $0 | -$164M | |
| Operating expenses | $6.27B | $6.18B | $6.52B | $6.24B | $6.54B | $6.27B | $6.89B | $6.93B | $7.08B | $6.73B | $7.29B | $6.83B | |
| Operating income | $4B | $1.56B | $2.43B | $2.18B | $3.9B | $1.77B | $3.09B | $2.66B | $4.85B | $2.22B | $2.62B | $2.88B | |
| Interest income | $143M | $210M | $217M | $170M | $150M | $191M | $172M | $150M | $132M | $152M | $0 | $87M | |
| Interest expense | $405M | $432M | $427M | $429M | $424M | $455M | $510M | $492M | $478M | $473M | $486M | $491M | |
| Other non-operating income (gains on investments, FX ...) | -$169M | $57M | -$212M | $2.55B | $171M | $152M | -$21M | -$262M | $228M | $359M | -$350M | -$108M | |
| Total non-operating income | -$236M | -$489M | -$215M | -$2.98B | -$595M | -$607M | -$489M | -$230M | -$706M | -$832M | -$136M | -$383M | |
| Income before tax | $3.76B | $1.07B | $2.22B | -$802M | $3.31B | $1.16B | $2.6B | $2.43B | $4.14B | $1.39B | $2.48B | $2.5B | |
| Income tax | $474M | -$502M | $389M | -$485M | $379M | $103M | $404M | $686M | -$1.44B | $172M | $313M | $298M | |
| Net income | $3.29B | $1.61B | $1.83B | -$330M | $2.91B | $1.06B | $2.19B | $1.74B | $5.6B | $1.22B | $2.17B | $2.19B | |
| EPS (basic) | $3.59 | $1.75 | $1.99 | -$0.36 | $3.15 | $1.14 | $2.36 | $1.87 | $5.98 | $1.30 | $2.30 | $2.32 | |
| EPS (diluted) | $3.55 | $1.72 | $1.96 | -$0.36 | $3.09 | $1.12 | $2.31 | $1.84 | $5.88 | $1.28 | $2.30 | $2.30 | |
| Shares (basic, weighted) | 915M | 917M | 920M | 924M | 926M | 928M | 929M | 934M | 937M | 939M | 940M | 944M | |
| Shares (diluted, weighted) | 927M | 933M | 934M | 924M | 942M | 945M | 947M | 949M | 952M | 952M | 953M | 954M | |
| Depreciation & amortization | $1.15B | $1.13B | $1.16B | $1.27B | $1.11B | $1.18B | $1.27B | $1.28B | $1.3B | $1.27B | $1.35B | $1.38B | |
| EBITDA | $5.32B | $2.64B | $3.8B | $895M | $4.84B | $2.79B | $4.37B | $4.21B | $5.92B | $3.13B | $4.31B | $4.37B |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $79.9B | $79.1B | $79.6B | $57.7B | $55.2B | $57.4B | $60.5B | $61.9B | $62.8B | $67.5B | |
| Cost of revenue | $41.4B | $42.2B | $42.7B | $26.2B | $24.3B | $25.9B | $27.8B | $27.6B | $27.2B | $28.2B | |
| Gross profit | $38.5B | $36.9B | $36.9B | $31.5B | $30.9B | $31.5B | $32.7B | $34.3B | $35.6B | $39.3B | |
| Research & development | $5.73B | $5.59B | $5.38B | $5.91B | $6.26B | $6.49B | $6.57B | $6.78B | $7.48B | $8.32B | |
| Sales & marketing | $1.33B | $1.45B | $1.47B | $1.51B | $1.51B | $2.64B | $2.51B | $1.24B | $1.17B | $1.13B | |
| General & administrative | $19B | $17.9B | $17.9B | $17.2B | $19.1B | $16.1B | $16.1B | $16.3B | $16.7B | $17B | |
| Other operating expenses | -$1.13B | -$1.47B | -$1.03B | -$639M | -$620M | -$612M | -$662M | $145M | $89M | $348M | |
| Operating expenses | $24.9B | $23.8B | $23.7B | $24B | $26.2B | $24.6B | $24.5B | $24.5B | $25.5B | $26.8B | |
| Operating income | $14.7B | $13.1B | $13.2B | $7.54B | $4.66B | $6.87B | $8.17B | $9.82B | $10.1B | $12.5B | |
| Interest income | $108M | $144M | $264M | $349M | $105M | $52M | $162M | $670M | $747M | $645M | |
| Interest expense | $630M | $663M | $686M | $1.02B | $1.29B | $1.16B | $1.22B | $1.61B | $1.71B | $1.94B | |
| Other non-operating income (gains on investments, FX ...) | $1.72B | $1.12B | $1.15B | -$1.01B | $802M | $873M | $5.8B | -$476M | $2.57B | $229M | |
| Total non-operating income | -$2.35B | -$1.74B | -$1.88B | -$332M | -$2.09B | -$2.03B | -$7.02B | -$1.13B | -$4.28B | -$2.16B | |
| Income before tax | $12.3B | $11.4B | $11.3B | $7.21B | $2.57B | $4.84B | $1.16B | $8.69B | $5.8B | $10.3B | |
| Income tax | $449M | $5.64B | $2.62B | $60M | -$1.36B | $124M | -$626M | $1.18B | -$218M | -$242M | |
| Net income | $11.9B | $5.75B | $8.73B | $9.43B | $5.59B | $5.74B | $1.64B | $7.5B | $6.02B | $10.6B | |
| EPS (basic) | $11.88 | $5.90 | $9.15 | $10.16 | $6.00 | $6.41 | $1.82 | $8.23 | $6.53 | $11.36 | |
| EPS (diluted) | $11.84 | $5.87 | $9.11 | $10.10 | $5.96 | $6.35 | $1.80 | $8.14 | $6.43 | $11.17 | |
| Shares (basic, weighted) | 999M | 976M | 954M | 928M | 931M | 896M | 903M | 911M | 937M | 932M | |
| Shares (diluted, weighted) | 1B | 981M | 958M | 934M | 938M | 905M | 912M | 922M | 937M | 949M | |
| Depreciation & amortization | $4.38B | $4.54B | $4.48B | $6.06B | $6.7B | $6.42B | $4.8B | $4.4B | $4.67B | $5.02B | |
| EBITDA | $17.3B | $16.6B | $16.5B | $14.6B | $10.6B | $12.4B | $7.17B | $14.7B | $12.2B | $17.3B |
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.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
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