IBM INTERNATIONAL BUSINESS MACHS revenue, earnings and financials

For the quarter ended September 30, 2026, INTERNATIONAL BUSINESS MACHS reported revenue of $17.1B (up 4.7% from a year earlier), net income of $2.19B and diluted EPS of $2.30; over the last four quarters revenue was $69.9B and net income $11.2B; for the fiscal year ended December 2025 revenue was $67.5B, up 7.6% on the year before.

IBM annual revenue and earnings

• Fiscal year ended Dec 2025: revenue $67.5B, gross profit $39.3B, operating income n/a, net income $10.6B (margin 15.7%), EPS $11.17
• Fiscal year ended Dec 2024: revenue $62.8B, gross profit $35.6B, operating income n/a, net income $6.02B (margin 9.6%), EPS $6.43
• Fiscal year ended Dec 2023: revenue $61.9B, gross profit $34.3B, operating income n/a, net income $7.50B (margin 12.1%), EPS $8.14
• Fiscal year ended Dec 2022: revenue $60.5B, gross profit $32.7B, operating income n/a, net income $1.64B (margin 2.7%), EPS $1.80
• Fiscal year ended Dec 2021: revenue $57.4B, gross profit $31.5B, operating income n/a, net income $5.74B (margin 10.0%), EPS $6.35

IBM quarterly revenue and earnings

• Quarter ended Sep 30, 2026: revenue $17.1B (up 4.7% year over year), net income $2.19B, EPS $2.30
• Quarter ended Jun 30, 2026: revenue $17.2B (up 1.1% year over year), net income $2.17B, EPS $2.27
• Quarter ended Mar 31, 2026: revenue $15.9B (up 9.5% year over year), net income $1.22B, EPS $1.28
• Quarter ended Dec 31, 2025 (from the annual report): revenue $19.7B (up 12.2% year over year), net income $5.60B, EPS $5.90
• Quarter ended Sep 30, 2025: revenue $16.3B (up 9.1% year over year), net income $1.74B, EPS $1.84
• Quarter ended Jun 30, 2025: revenue $17.0B (up 7.7% year over year), net income $2.19B, EPS $2.31
• Quarter ended Mar 31, 2025: revenue $14.5B (up 0.5% year over year), net income $1.06B, EPS $1.12
• Quarter ended Dec 31, 2024 (from the annual report): revenue $17.6B (up 1.0% year over year), net income $2.91B, EPS $3.11
• Quarter ended Sep 30, 2024: revenue $15.0B (up 1.5% year over year), net income −$330M, EPS −$0.36
• Quarter ended Jun 30, 2024: revenue $15.8B (up 1.9% year over year), net income $1.83B, EPS $1.96
• Quarter ended Mar 31, 2024: revenue $14.5B (up 1.5% year over year), net income $1.61B, EPS $1.72
• Quarter ended Dec 31, 2023 (from the annual report): revenue $17.4B (up 4.1% year over year), net income $3.29B, EPS $3.57
• Quarter ended Sep 30, 2023: revenue $14.8B (up 4.6% year over year), net income $1.70B, EPS $1.84
• Quarter ended Jun 30, 2023: revenue $15.5B (down 0.4% year over year), net income $1.58B, EPS $1.72
• Quarter ended Mar 31, 2023: revenue $14.3B (up 0.4% year over year), net income $927M, EPS $1.01
• Quarter ended Dec 31, 2022 (from the annual report): revenue $16.7B (down 0.0% year over year), net income $2.71B, EPS $3.00
• Quarter ended Sep 30, 2022: revenue $14.1B (up 6.5% year over year), net income −$3.20B, EPS −$3.54
• Quarter ended Jun 30, 2022: revenue $15.5B (up 9.3% year over year), net income $1.39B, EPS $1.53
• Quarter ended Mar 31, 2022: revenue $14.2B (up 7.7% year over year), net income $733M, EPS $0.81
• Quarter ended Dec 31, 2021 (from the annual report): revenue $16.7B, net income $2.33B, EPS $2.57

IBM cash flow, buybacks and dividends

• Fiscal year ended Dec 2025: operating cash flow $13.2B, share buybacks n/a
• Fiscal year ended Dec 2024: operating cash flow $13.4B, share buybacks n/a
• Fiscal year ended Dec 2023: operating cash flow $13.9B, share buybacks n/a
• Fiscal year ended Dec 2022: operating cash flow $10.4B, share buybacks n/a
• Fiscal year ended Dec 2021: operating cash flow $12.8B, share buybacks n/a

IBM balance sheet

• Sep 30, 2026: cash $9.23B, total assets $155B, total liabilities $119B, shareholders' equity $35.5B, long-term debt $56.8B
• Jun 30, 2026: cash $7.17B, total assets $152B, total liabilities $118B, shareholders' equity $34.5B, long-term debt $56.2B
• Mar 31, 2026: cash $10.8B, total assets $156B, total liabilities $123B, shareholders' equity $33.0B, long-term debt $57.7B
• Dec 31, 2025: cash $13.6B, total assets $152B, total liabilities $119B, shareholders' equity $32.6B, long-term debt $54.8B
• Sep 30, 2025: cash $11.6B, total assets $146B, total liabilities $118B, shareholders' equity $27.9B, long-term debt $55.2B
• Jun 30, 2025: cash $11.9B, total assets $149B, total liabilities $121B, shareholders' equity $27.5B, long-term debt $55.2B
• Mar 31, 2025: cash $11.0B, total assets $146B, total liabilities $119B, shareholders' equity $26.9B, long-term debt $56.4B
• Dec 31, 2024: cash $13.9B, total assets $137B, total liabilities $110B, shareholders' equity $27.3B, long-term debt $49.9B

What is IBM's revenue?

INTERNATIONAL BUSINESS MACHS reported $69.9B of revenue over its last four quarters, through September 30, 2026.

Is IBM profitable?

Yes. INTERNATIONAL BUSINESS MACHS earned $11.2B over the last four quarters.

What is IBM's EPS?

Diluted earnings per share over the last four quarters were $11.75; $2.30 in the latest quarter.

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