International Business Machines Corp.
Income Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $17.16B | $15.92B | $19.69B | $16.33B | $16.98B | $14.54B | $17.55B | $14.97B |
| Cost of Revenue | $7.26B | $6.97B | $7.76B | $6.97B | $7.00B | $6.51B | $7.11B | $6.55B |
| Gross Profit | $9.91B | $8.95B | $11.93B | $9.36B | $9.98B | $8.03B | $10.44B | $8.42B |
| Gross Margin | 57.7% | 56.2% | 60.6% | 57.3% | 58.8% | 55.2% | 59.5% | 56.3% |
| Operating Expenses | ||||||||
| Research & Development | $2.31B | $2.17B | $2.19B | $2.08B | $2.10B | $1.95B | $1.97B | $1.88B |
| SG&A Expense | $4.98B | $5.09B | $5.46B | $4.75B | $5.03B | $4.89B | $4.87B | $4.91B |
| Operating Income | $2.97B | $1.86B | $4.62B | $2.92B | $3.11B | $1.61B | $3.73B | $-373.0M |
| Operating Margin | 17.3% | 11.7% | 23.5% | 17.9% | 18.3% | 11.1% | 21.2% | -2.5% |
| Interest Expense | $486.0M | $473.0M | $478.0M | $492.0M | $510.0M | $455.0M | $424.0M | $429.0M |
| Pretax Income | $2.48B | $1.39B | $4.14B | $2.43B | $2.60B | $1.16B | $3.31B | $-802.0M |
| Income Tax Expense | $313.0M | $172.0M | $-1.44B | $686.0M | $404.0M | $103.0M | $380.0M | $-485.0M |
| Net Income | $2.17B | $1.22B | $5.60B | $1.74B | $2.19B | $1.06B | $2.91B | $-330.0M |
| Net Margin | 12.6% | 7.6% | 28.4% | 10.7% | 12.9% | 7.3% | 16.6% | -2.2% |
| EPS (Basic) | $2.30 | $1.30 | $5.99 | $1.87 | $2.36 | $1.14 | $3.15 | $-0.36 |
| EPS (Diluted) | $2.27 | $1.28 | $5.90 | $1.84 | $2.31 | $1.12 | $3.11 | $-0.36 |
| Shares Outstanding (Basic) | 941.2M | 938.5M | 932.3M | 933.9M | 930.8M | 928.0M | 921.8M | 923.6M |
| Shares Outstanding (Diluted) | 953.3M | 952.1M | 948.7M | 948.9M | 948.0M | 945.4M | 937.2M | 923.6M |
| Dividends Per Share | $1.69 | $1.68 | $1.68 | $1.68 | $1.68 | $1.67 | $1.67 | $1.67 |