Company / Cost of Revenue
IBM Cost of Revenue History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Cost of Revenue
$28.2B
FY2025
5-year range
$25.9B / $28.2B
FY2021-FY2025
Trend
+3.8%
vs FY2024
Sector context
#7 of 276
Information Technology
What the data says
Among 276 Information Technology companies, IBM is in the bottom 3% for cost of revenue. Cost of Revenue returned to growth in FY2025 after 2 years of decline, reaching $28.2B.
Based on SEC 10-K filings.
$28.2B in FY2025 with a 5-year CAGR of +3.0%. Top quartile in the Information Technology sector.
Increased from $27.6B to $28.2B over the past 2 years.
Information Technology sector context is included.
Cost of Revenue over time
Growth rates
- 3-Year CAGR
- +0.5%
- 5-Year CAGR
- +3.0%
- 10-Year CAGR
- -
Sector benchmark
+611.0% above sector average
Key checks
Key Insights
- 5-year CAGR of +3.0%, indicating consistent growth.
- In FY2025, cost of revenue increased 3.8% year-over-year.
- Ranks #7 out of 276 companies in the Information Technology sector.
- Peak cost of revenue was recorded in FY2018.
Company context
Key Data Points
- Strong return on equity: 28.3%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Cost of RevenueValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $28.2B | +3.8% |
| FY2024 | $27.2B | -1.3% |
| FY2023 | $27.6B | -1.0% |
| FY2022 | $27.8B | +7.6% |
| FY2021 | $25.9B | +6.4% |
| FY2020 | $24.3B | -7.1% |
| FY2019 | $26.2B | -38.6% |
| FY2018 | $42.7B | +1.1% |
| FY2017 | $42.2B | +1.9% |
| FY2016 | $41.4B | +0.8% |
As of FY2025 · SEC Form 10-K · Last checked Jun 30, 2026