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International Business Machines Corporation · IBM
IBMNYSECommon stockCurrentCIK 51143Updated Oct 9, 2026
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Recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 151,880,000,000Source | 137,175,000,000Source | 135,241,000,000Source | 127,243,000,000Source |
| Property, Plant and Equipment, NetUSD | — | — | — | 5,334,000,000Source |
| GoodwillUSD | 67,717,000,000Source | 60,706,000,000Source | 60,178,000,000Source | 55,949,000,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 13,587,000,000Source | 13,947,000,000Source | 13,068,000,000Source | 7,886,000,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 8,112,000,000Source | 6,804,000,000Source | 7,214,000,000Source | 6,541,000,000Source |
| Inventory, NetUSD | 1,220,000,000Source | 1,289,000,000Source | 1,161,000,000Source | 1,552,000,000Source |
| Assets, CurrentUSD | 36,944,000,000Source | 34,482,000,000Source | 32,908,000,000Source | 29,118,000,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 2,530,000,000Source | 2,520,000,000Source | 2,639,000,000Source | 2,611,000,000Source |
| Operating Lease, Right-of-Use AssetUSD | 3,129,000,000Source | 3,197,000,000Source | 3,220,000,000Source | 2,878,000,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 119,139,000,000Source | 109,783,000,000Source | 112,628,000,000Source | 105,222,000,000Source |
| Stockholders’ equity: | ||||
| Retained Earnings (Accumulated Deficit)USD | 155,648,000,000Source | 151,163,000,000Source | 151,276,000,000Source | 149,825,000,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -15,713,000,000Source | -15,269,000,000Source | -18,761,000,000Source | -16,740,000,000Source |
| Stockholders' Equity Attributable to ParentUSD | 32,648,000,000Source | 27,307,000,000Source | 22,533,000,000Source | 21,944,000,000Source |
| Liabilities and EquityUSD | 151,880,000,000Source | 137,175,000,000Source | 135,241,000,000Source | 127,243,000,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 38,658,000,000Source | 33,142,000,000Source | 34,122,000,000Source | 31,505,000,000Source |
| Operating Lease, Liability, CurrentUSD | 800,000,000Source | 768,000,000Source | 820,000,000Source | 874,000,000Source |
| Accounts Payable, CurrentUSD | 4,756,000,000Source | 4,032,000,000Source | 4,132,000,000Source | 4,051,000,000Source |
| Operating Lease, Liability, NoncurrentUSD | 2,547,000,000Source | 2,655,000,000Source | 2,568,000,000Source | 2,190,000,000Source |
| Deferred Income Tax Liabilities, NetUSD | 781,000,000Source | 815,000,000Source | 1,146,000,000Source | 2,292,000,000Source |
| Other Liabilities, NoncurrentUSD | 9,810,000,000Source | 11,048,000,000Source | 11,475,000,000Source | 12,243,000,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 93,000,000Source | 86,000,000Source | 80,000,000Source | 77,000,000Source |
| Additional Financial Items | ||||
| Deferred Revenue, CurrentUSD | 16,101,000,000Source | 13,907,000,000Source | 13,451,000,000Source | 12,032,000,000Source |
| Deferred Revenue, NoncurrentUSD | 4,271,000,000Source | 3,622,000,000Source | 3,533,000,000Source | 3,499,000,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 54,836,000,000Source | 49,884,000,000Source | 50,121,000,000Source | 46,189,000,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | 1,639,000,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | 1,715,000,000Source | 1,311,000,000Source | 1,133,000,000Source | 987,000,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in InventoriesUSD | -70,000,000Source | 166,000,000Source | -390,000,000Source | -71,000,000Source |
| Increase (Decrease) in Accounts PayableUSD | 624,000,000Source | -13,000,000Source | 65,000,000Source | 213,000,000Source |
| Deferred Income Tax Expense (Benefit)USD | -957,000,000Source | -2,330,000,000Source | -1,114,000,000Source | -2,726,000,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 13,193,000,000Source | 13,445,000,000Source | 13,931,000,000Source | 10,435,000,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | 8,294,000,000Source | 3,289,000,000Source | 5,082,000,000Source | 2,348,000,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -10,302,000,000Source | -4,937,000,000Source | -7,070,000,000Source | -4,202,000,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 1,091,000,000Source | 1,048,000,000Source | 1,245,000,000Source | 1,346,000,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 1,018,000,000Source | 651,000,000Source | 402,000,000Source | 407,000,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -3,829,000,000Source | -7,079,000,000Source | -1,769,000,000Source | -4,958,000,000Source |
| Payments of Ordinary Dividends, Common StockUSD | 6,255,000,000Source | 6,147,000,000Source | 6,040,000,000Source | 5,948,000,000Source |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | -139,000,000Source | -145,000,000Source | 176,000,000Source | 176,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -520,000,000Source | 1,071,000,000Source | 5,101,000,000Source | 1,032,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 13,640,000,000Source | 14,160,000,000Source | 13,089,000,000Source | 7,988,000,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 2,042,000,000Source | 1,978,000,000Source | 1,668,000,000Source | 1,401,000,000Source |
| Income Taxes Paid, NetUSD | 1,948,000,000Source | 1,723,000,000Source | 1,564,000,000Source | 1,865,000,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 418,000,000Source | -359,000,000Source | 9,000,000Source | -244,000,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 1,715,000,000Source | 1,311,000,000Source | 1,133,000,000Source | 987,000,000Source |
| Amortization of Intangible AssetsUSD | 2,737,000,000Source | 2,499,000,000Source | 2,287,000,000Source | 2,395,000,000Source |
| Debt and Equity Securities, Realized Gain (Loss)USD | -7,000,000Source | 20,000,000Source | 39,000,000Source | -278,000,000Source |
| DepreciationUSD | 2,284,000,000Source | 2,168,000,000Source | 2,109,000,000Source | 2,407,000,000Source |
| Derivative, Gain (Loss) on Derivative, NetUSD | 362,000,000Source | -504,000,000Source | -140,000,000Source | -1,153,000,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -993,000,000Source | 458,000,000Source | -116,000,000Source | 643,000,000Source |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | 641,000,000Source | -515,000,000Source | — | — |
| GoodwillUSD | 67,717,000,000Source | 60,706,000,000Source | 60,178,000,000Source | 55,949,000,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | 0Source |
| Impairment of Intangible Assets, Finite-livedUSD | 0Source | 0Source | 0Source | 0Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | 10,571,000,000Source | 6,015,000,000Source | 7,514,000,000Source | 1,783,000,000Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | 22,000,000Source | 8,000,000Source | -12,000,000Source | -143,000,000Source |
| Income Tax Expense (Benefit)USD | -242,000,000Source | -218,000,000Source | 1,176,000,000Source | -626,000,000Source |
| Net Income (Loss) Attributable to ParentUSD | 10,593,000,000Source | 6,023,000,000Source | 7,502,000,000Source | 1,639,000,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 10,593,000,000Source | — | — | 1,639,000,000Source |
| Operating Lease, Lease IncomeUSD | 43,000,000Source | 60,000,000Source | 93,000,000Source | 116,000,000Source |
| Other Nonoperating Income (Expense)USD | 221,000,000Source | 877,000,000Source | 266,000,000Source | 443,000,000Source |
| Payments to Acquire InvestmentsUSD | 10,095,000,000Source | 7,762,000,000Source | 11,143,000,000Source | 5,930,000,000Source |
| Proceeds from Stock Options ExercisedUSD | 233,000,000Source | 317,000,000Source | 51,000,000Source | — |
| Sales-type Lease, Selling Profit (Loss)USD | 1,697,000,000Source | 689,000,000Source | 1,034,000,000Source | 1,251,000,000Source |
| Unrealized Gain (Loss) on DerivativesUSD | — | — | 17,000,000Source | -225,000,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 67,535,000,000Source | 62,753,000,000Source | 61,860,000,000Source | 60,530,000,000Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Selling, General and Administrative ExpenseUSD | 20,123,000,000Source | 19,688,000,000Source | 19,003,000,000Source | 18,609,000,000Source |
| Other Nonoperating Income (Expense)USD | 221,000,000Source | 877,000,000Source | 266,000,000Source | 443,000,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 10,328,000,000Source | 5,797,000,000Source | 8,690,000,000Source | 1,156,000,000Source |
| Income Tax Expense (Benefit)USD | -242,000,000Source | -218,000,000Source | 1,176,000,000Source | -626,000,000Source |
| Net Income (Loss) Attributable to ParentUSD | 10,593,000,000Source | 6,023,000,000Source | 7,502,000,000Source | 1,639,000,000Source |
| Earnings Per Share, BasicUSD per share | 11.36Source | 6.53Source | 8.23Source | 1.82Source |
| Earnings Per Share, DilutedUSD per share | 11.17Source | 6.43Source | 8.14Source | 1.8Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 932,293,927Source | 921,767,834Source | 911,210,319Source | 902,664,190Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 948,675,228Source | 937,161,224Source | 922,073,828Source | 912,269,062Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 2,737,000,000Source | 2,499,000,000Source | 2,287,000,000Source | 2,395,000,000Source |
| Debt and Equity Securities, Realized Gain (Loss)USD | -7,000,000Source | 20,000,000Source | 39,000,000Source | -278,000,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -993,000,000Source | 458,000,000Source | -116,000,000Source | 643,000,000Source |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | 641,000,000Source | -515,000,000Source | — | — |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | 0Source |
| Gross ProfitUSD | 39,297,000,000Source | 35,551,000,000Source | 34,300,000,000Source | 32,687,000,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | 10,571,000,000Source | 6,015,000,000Source | 7,514,000,000Source | 1,783,000,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | -236,000,000Source | -3,405,000,000Source | -227,000,000Source | -6,602,000,000Source |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | 11.34Source | 6.53Source | 8.25Source | 1.97Source |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | 11.14Source | 6.42Source | 8.15Source | 1.95Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | 22,000,000Source | 8,000,000Source | -12,000,000Source | -143,000,000Source |
| Interest ExpenseUSD | 1,935,000,000Source | 1,712,000,000Source | 1,607,000,000Source | 1,216,000,000Source |
| Interest Income, OtherUSD | 645,000,000Source | 747,000,000Source | 670,000,000Source | 162,000,000Source |
| Interest Revenue (Expense), NetUSD | — | -984,000,000Source | — | — |
| Lease IncomeUSD | 2,058,000,000Source | 1,085,000,000Source | 1,437,000,000Source | 1,653,000,000Source |
| Marketing and Advertising ExpenseUSD | 1,129,000,000Source | 1,173,000,000Source | 1,237,000,000Source | 1,330,000,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 10,593,000,000Source | — | — | 1,639,000,000Source |
| Net Income (Loss) from Continuing Operations Available to Common Shareholders, BasicUSD | — | — | — | 1,783,000,000Source |
| Operating Lease, Lease IncomeUSD | 43,000,000Source | 60,000,000Source | 93,000,000Source | 116,000,000Source |
| Reclassification from AOCI, Current Period, before Tax, Attributable to ParentUSD | 557,000,000Source | -7,000,000Source | 189,000,000Source | — |
| Research and Development ExpenseUSD | 8,316,000,000Source | 7,479,000,000Source | 6,775,000,000Source | 6,567,000,000Source |
| Sales-type Lease, Selling Profit (Loss)USD | 1,697,000,000Source | 689,000,000Source | 1,034,000,000Source | 1,251,000,000Source |
Filing attachments
tm2623193d1_ex4-1.htm · 8-K · 2026-08-14
EX-4.1 3 tm2623193d1_ex4-1.htm EXHIBIT 4.1 Exhibit 4.1 Unless this certificate is presented by an authorized representative of CDS Clearing and Depository Services Inc. (“CDS”) to INTERNATIONAL BUSINESS MACHINES CORPORATION or its agent for registration of transfer, exchange or payment, and any certificate issued in respect thereof is registered in the name of CDS & CO., or in such other name as is requested by an authorized representative of CDS (and any payment is made to CDS & CO. or to …
Read attachment ↗tm2623193d1_ex4-2.htm · 8-K · 2026-08-14
EX-4.2 4 tm2623193d1_ex4-2.htm EXHIBIT 4.2 Exhibit 4.2 Unless this certificate is presented by an authorized representative of CDS Clearing and Depository Services Inc. (“CDS”) to INTERNATIONAL BUSINESS MACHINES CORPORATION or its agent for registration of transfer, exchange or payment, and any certificate issued in respect thereof is registered in the name of CDS & CO., or in such other name as is requested by an authorized representative of CDS (and any payment is made to CDS & CO. or to …
Read attachment ↗ibm-20260722xex991.htm · 8-K · 2026-07-22
EX-99.1 2 ibm-20260722xex991.htm EX-99.1 Document Exhibit 99.1 IBM RELEASES SECOND-QUARTER RESULTS Company provides updated full-year expectations ARMONK, N.Y., July 22, 2026... IBM (NYSE: IBM) today announced second-quarter 2026 earnings results. “We are confident in IBM's strategy and portfolio, and in our ability to capture growth opportunities ahead. We fundamentally believe that we are in the early innings of a structural shift for business, and that our portfolio - across software…
Read attachment ↗ibm-20260722xex992.htm · 8-K · 2026-07-22
EX-99.2 3 ibm-20260722xex992.htm EX-99.2 Document Exhibit 99.2 Non-GAAP Metrics and Other Financial Information Operating (non-GAAP) Earnings Per Share and Related Income Statement Items In an effort to provide better transparency into the operational results of the business, supplementally, the company separates business results into operating and non-operating categories. Operating earnings from continuing operations is a non-GAAP measure that excludes the effects of certain acquisitio…
Read attachment ↗ibm-20260714xex991.htm · 8-K · 2026-07-14
EX-99.1 2 ibm-20260714xex991.htm EX-99.1 Document Arvind Krishna's Letter to IBM Investors ARMONK, N.Y., July 14, 2026... IBM (NYSE: IBM) IBM Investors - This morning we are releasing selected preliminary second-quarter 2026 financial results. We are still working to close our financial reporting for the quarter and our final results could be slightly different. For the second quarter: Revenue: - Revenue of $17.2 billion, up 1 percent - Software revenue up 5 percent - Consulting rev…
Read attachment ↗ibm-20260714xex992.htm · 8-K · 2026-07-14
EX-99.2 3 ibm-20260714xex992.htm EX-99.2 Document Exhibit 99.2 Non-GAAP Metrics Operating (non-GAAP) Earnings Per Share and Related Income Statement Items In an effort to provide better transparency into the operational results of the business, supplementally, the company separates business results into operating and non-operating categories. Operating earnings from continuing operations is a non-GAAP measure that excludes the effects of certain acquisition-related charges and intangible…
Read attachment ↗