International Business Machines Corporation (IBM)

NYSE: IBM · Computer & office Equipment · Armonk, NY · filing with the SEC since 1994

Grade6.1

◀ Past 5.2● Present 6.3▶ Future 6.8

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Income statement, as filed

In millions of US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Report filed	Feb 24, 2026	Feb 25, 2025	Feb 26, 2024	Feb 28, 2023	Feb 22, 2022	Feb 23, 2021	Feb 25, 2020	Feb 26, 2019	Feb 27, 2018	Feb 28, 2017
Revenue	67,535	62,753	61,860	60,530	57,350	55,179^r	57,714^r	79,591	79,139	79,919
Cost of revenue	28,239	27,201	27,560	27,842	25,865	24,314^r	26,181^r	42,655	42,196^r	41,403^r
Gross profit	39,297	35,551	34,300	32,687	31,486	30,865^r	31,533^r	36,936	36,943^r	38,516^r
Research and development	8,316	7,479	6,775	6,567	6,488	6,262^r	5,910^r	5,379	5,590^r	5,726^r
Selling, general and administrative	20,123	19,688	19,003	18,609	18,745	20,561^r	18,724^r	19,366	19,680^r	20,869^r
Interest expense	1,935	1,712	1,607	1,216	1,155	1,288	1,344	723	615	630
Interest and investment income	645	747	670	162	52	105	·	·	·	·
Other income (expense), net	221	877	266	443	225	156	·	·	·	·
Income before income taxes	10,328	5,797	8,690	1,156	4,837	2,572^r	7,206^r	11,342	11,400	12,330
Income tax expense	-242	-218	1,176	-626	124	-1,360^r	60^r	2,619	5,642	449
Income from continuing operations	10,571	6,015	7,514	1,783	4,712	3,932^r	7,146^r	8,723	5,758	11,881
Income from discontinued operations	22	8	-12	-143	1,030	1,658^r	2,285^r	5	-5	-9
Net income including non-controlling interests	·	·	·	1,639	5,743	5,590	9,431	8,728	5,753	11,872
Net income	10,593	6,023	7,502	1,639	5,743	5,590	9,431	8,728	5,753	11,872
Net income to common shareholders	10,593	6,023	7,502	1,639	5,743	5,590	9,431	8,728	5,753	11,872
Earnings per share, basic	11.36	6.53	8.23	1.82	6.41	6.28	10.63	9.57	6.17	12.43
Earnings per share, diluted	11.17	6.43	8.14	1.80	6.35	6.23	10.56	9.52	6.14	12.38
Weighted average shares, basic	932,293,927	921,767,834	911,210,319	902,664,190	895,990,771	890,348,679	887,235,105	912,048,072	932,828,295	955,422,530
Weighted average shares, diluted	948,675,228	937,161,224	922,073,828	912,269,062	904,641,001	896,563,971	892,813,376	916,315,714	937,385,625	958,714,097

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it soldus-gaap:Revenues

Cost of revenue what it cost to make or buy what it soldus-gaap:CostOfRevenue

Gross profit revenue less the cost of what it soldus-gaap:GrossProfit

Research and development spent on inventing what it sells nextus-gaap:ResearchAndDevelopmentExpense

Selling, general and administrative the cost of selling and of running the companyus-gaap:SellingGeneralAndAdministrativeExpense

Interest expense what its borrowing costus-gaap:InterestExpense

Interest and investment income what its cash and investments earnedus-gaap:InterestIncomeOther

Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense

Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Income from continuing operations profit from the businesses it keeps

us-gaap:IncomeLossFromContinuingOperations
us-gaap:IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest

Income from discontinued operations profit or loss from businesses it sold or closed

us-gaap:IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
us-gaap:IncomeLossFromDiscontinuedOperationsNetOfTax

Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton IBM · research, not advice