INTERNATIONAL BUSINESS MACHINES CORP

IBM · XNYS

CIK 51143fmd_1AH5RQWFX3S0HHJF8X6E927J9YManufacturing · Computer & office EquipmentTemplate: Standard

Coverage: Jan 01, 2007 to Sep 30, 2026, 76 periods

Income Statement · Annual · Millions · USD
Line item	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Total revenues	79,919	79,139	79,591	57,714	55,179	57,350	60,530	61,860	62,753	67,535
Rental revenue	–	–	–	322	255	169	116	93	60	43
Cost of revenue	41,403	42,196	42,655	26,181	24,314	25,865	27,842	27,560	27,201	28,239
Gross profit	38,516	36,943	36,936	31,533	30,865	31,486	32,687	34,300	35,551	39,297
Provision for credit losses	–	–	–	–	–	–	–	–	–	–
Research and development	5,726	5,590	5,379	5,910	6,262	6,488	6,567	6,775	7,479	8,316
Selling, general and administrative	20,869	19,680	19,366	18,724	20,561	18,745	18,609	19,003	19,688	20,123
Interest expense	630	615	723	1,344	1,288	1,155	1,216	1,607	1,712	1,935
Other non-operating income (expense)	–	–	–	–	156	225	443	266	877	221
Income before taxes	12,330	11,400	11,342	7,206	2,572	4,837	1,156	8,690	5,797	10,328
Income tax expense	449	5,642	2,619	60	(1,360)	124	(626)	1,176	(218)	(242)
Net income from continuing operations	11,881	5,758	8,723	7,146	3,932	4,712	1,783	7,514	6,015	10,571
Net income	11,872	5,753	8,728	9,431	5,590	5,743	1,639	7,502	6,023	10,593
Net income to common shareholders	11,872	5,753	8,728	9,431	5,590	5,743	1,639	7,502	6,023	10,593