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International Business Machines (IBM) Annual Income Statement

Annual · GAAP · USD millions
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Reviewing income statement figures over time helps illustrate how International Business Machines generates earnings and manages operating expenses.
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Annual Report, GAAP in USD millions
ITEM 		(Dec 31 2025)
2025 		(Dec 31 2024) (Dec 31 2023) (Dec 31 2022) (Dec 31 2021)
Revenues
Total Revenue67,535.00
Costs & Expenses
Cost of Goods and Services Sold28,238.00
Gross Profit39,297.00
Selling, Administration, Marketing20,123.00
Research and Development Expense8,316.00
Other operatinig exp. /-income-964.00
Total operating costs including COS55,713.00
Operating income / -loss11,822.00
Interest Expense1,935.00
Net Interest (-)Expense / Income-1,935.00
Other loss/ -income-441.00
Total costs & expenses57,207.00
Income & Taxes
Income / -loss before income taxes10,328.00
Income taxes expenses / -benefit-242.00
Income after income taxes10,571.00
Net income / -loss of other equity1.00
Income / -loss from continuing operations10,571.00
Discontinued operations22.00
Net income / -loss10,593.00
Income / -loss to shareholder10,593.00
EBIT12,263.00
EBITD14,547.00
EBITDA17,284.00
Earnings Per Share
Basic EPS (excl. extra items)11.34
Extraordinary items0.02
Basic Net EPS11.36
Basic shares outstanding (Mill. of Units)932.29
Diluted Net EPS11.17
Diluted average shares (Mill. of Units)948.68
Dividend per share6.71
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About International Business Machines Corp Annual Income Statement

What this statement shows

This page presents issuer-reported income statement data, detailing revenue, operating costs, expenses, and earnings as disclosed in SEC 10-K filings and standardized by CSIMarket. The income statement reflects operating performance over a reporting period rather than financial position at a single date.

Revenue and expense treatment

Revenue and expense items are aligned to support period-to-period comparability. Operating and non-operating items, interest, and income taxes are classified based on issuer disclosures and XBRL tagging.

Source & verification

  • Source: SEC 10-K filings
  • Filed with the SEC: February 24, 2026
  • Original filing: ibm-20251231.htm

Income statement figures represent operating results for each reporting period and may be revised in subsequent filings.