International Business Machines financials
$219.99−0.31%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $17.16B | $15.92B | $19.68B | $16.33B | $16.98B | $14.54B | $17.55B | $14.97B | $15.77B | $14.46B | $17.38B | $14.75B |
| Gross profit | $9.91B | $8.95B | $11.93B | $9.36B | $9.98B | $8.03B | $10.44B | $8.42B | $8.95B | $7.74B | $10.27B | $8.02B |
| Gross margin | 57.7% | 56.2% | 60.6% | 57.3% | 58.8% | 55.2% | 59.5% | 56.3% | 56.8% | 53.5% | 59.1% | 54.4% |
| Operating income | $2.97B | $1.86B | $4.62B | $2.92B | $3.11B | $1.61B | $3.73B | -$373.0M | $2.65B | $1.07B | $3.01B | $2.10B |
| Net income | $2.17B | $1.22B | $5.60B | $1.74B | $2.19B | $1.05B | $2.91B | -$330.0M | $1.83B | $1.60B | $3.29B | $1.70B |
| Net margin | 12.6% | 7.6% | 28.4% | 10.7% | 12.9% | 7.3% | 16.6% | −2.2% | 11.6% | 11.1% | 18.9% | 11.6% |
| Diluted EPS | $2.27 | $1.30 | $5.69 | $1.87 | $2.31 | $1.14 | $3.04 | $-0.36 | $1.96 | $1.72 | $3.55 | $1.84 |
| EBITDA | $4.32B | $3.13B | $5.92B | $4.21B | $4.37B | $2.79B | $4.84B | $895.0M | $3.80B | $2.21B | $3.01B | $3.89B |
| Operating cash flow | $2.60B | $5.17B | $4.04B | $3.08B | $1.70B | $4.37B | $4.33B | $2.88B | $2.06B | $4.17B | $4.46B | $3.06B |
| Free cash flow | $2.37B | $4.94B | $3.66B | $2.83B | $1.49B | $4.13B | $4.03B | $2.60B | $1.84B | $3.93B | $4.16B | $2.77B |
| Diluted shares | 953.3M | 938.5M | 984.9M | 933.9M | 948.0M | 928.0M | 957.2M | 923.6M | 934.4M | 933.4M | 927.3M | 923.7M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $7.17B | $10.82B | $13.59B | $11.57B | $11.94B | $11.04B |
| Short-term investments | $960.0M | $6.73B | $830.0M | $8.44B | $3.50B | $6.43B |
| Total debt | $61.99B | $66.36B | $61.26B | $63.12B | $64.16B | $63.28B |
| Total assets | $152.10B | $156.23B | $151.88B | $146.31B | $148.59B | $145.67B |
| Total liabilities | $117.56B | $123.17B | $119.14B | $118.32B | $121.00B | $118.71B |
| Shareholders' equity | $34.54B | $33.05B | $32.74B | $27.99B | $27.59B | $26.95B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology