International Business Machines Corporation
IBM · NYSE
Financial statements
Annual and quarterly income, balance-sheet, cash-flow and key-statistics data.
Income statement
| Period | Revenue | Gross profit | Operating income | Net income | EPS |
|---|---|---|---|---|---|
| 2022 FY | 60.53B | 32.69B | 8.17B | 1.64B | 1.82 |
| 2023 FY | 61.86B | 34.30B | 9.82B | 7.50B | 8.23 |
| 2024 FY | 62.75B | 35.55B | 10.07B | 6.02B | 6.53 |
| 2025 FY | 67.54B | 40.19B | 10.33B | 10.59B | 11.36 |
Balance sheet
| Period | Total assets | Liabilities | Cash | Debt | Equity |
|---|---|---|---|---|---|
| 2022 FY | 127.24B | 105.22B | 7.89B | 54.01B | 21.94B |
| 2023 FY | 135.24B | 112.63B | 13.07B | 59.94B | 22.53B |
| 2024 FY | 137.18B | 109.78B | 13.95B | 58.40B | 27.31B |
| 2025 FY | 151.88B | 119.14B | 13.64B | 67.15B | 32.65B |
Cash flow
| Period | Operating cash flow | Capital expenditure | Free cash flow | Dividends paid | Net cash change |
|---|---|---|---|---|---|
| 2022 FY | 10.44B | -1.97B | 8.46B | -5.95B | 1.03B |
| 2023 FY | 13.93B | -1.81B | 12.12B | -6.04B | 5.10B |
| 2024 FY | 13.45B | -1.69B | 11.76B | -6.15B | 1.07B |
| 2025 FY | 13.19B | -1.62B | 11.58B | -6.26B | -520.00M |
Key statistics
| Period | Market cap | Enterprise value | P/E | Price / sales | Debt / equity |
|---|---|---|---|---|---|
| 2022 FY | 127.18B | 173.30B | — | — | — |
| 2023 FY | 149.03B | 195.90B | — | — | — |
| 2024 FY | 206.02B | 250.47B | — | — | — |
| 2025 FY | 276.16B | 329.67B | — | — | — |
| 2026-12-31 | — | — | — | — | — |
| 2027-12-31 | — | — | — | — | — |
| 2028-12-31 | — | — | — | — | — |
Income statement
| Period | Revenue | Gross profit | Operating income | Net income | EPS |
|---|---|---|---|---|---|
| 2025 Q2 | 16.98B | 9.98B | 3.09B | 2.19B | 2.36 |
| 2025 Q3 | 16.33B | 9.59B | 2.66B | 1.74B | 1.87 |
| 2025 Q4 | 19.69B | 12.12B | 4.17B | 5.60B | 5.98 |
| 2026 Q1 | 15.92B | 8.95B | 2.22B | 1.22B | 1.30 |
Balance sheet
| Period | Total assets | Liabilities | Cash | Debt | Equity |
|---|---|---|---|---|---|
| 2025 Q2 | 148.59B | 121.00B | 11.94B | 67.72B | 27.51B |
| 2025 Q3 | 146.31B | 118.32B | 11.57B | 66.57B | 27.91B |
| 2025 Q4 | 151.88B | 119.14B | 13.64B | 67.15B | 32.65B |
| 2026 Q1 | 156.23B | 123.17B | 10.82B | 69.80B | 32.97B |
Cash flow
| Period | Operating cash flow | Capital expenditure | Free cash flow | Dividends paid | Net cash change |
|---|---|---|---|---|---|
| 2025 Q2 | 1.70B | -210.00M | 1.49B | -1.56B | 865.00M |
| 2025 Q3 | 3.08B | 605.00M | 3.69B | -1.57B | -427.00M |
| 2025 Q4 | 4.04B | -908.00M | 3.13B | -1.57B | 2.04B |
| 2026 Q1 | 5.17B | -391.00M | 4.78B | -1.58B | -2.78B |
Key statistics
| Period | Market cap | Enterprise value | P/E | Price / sales | Debt / equity |
|---|---|---|---|---|---|
| 2025 Q2 | 273.97B | 329.74B | — | — | — |
| 2025 Q3 | 263.51B | 318.51B | — | — | — |
| 2025 Q4 | 277.40B | 330.91B | — | — | — |
| 2026 Q1 | 227.48B | 286.47B | — | — | — |
| 2026-06-30 | — | — | — | — | — |
| 2026-09-30 | — | — | — | — | — |
| 2026-12-31 | — | — | — | — | — |