IBM Income Statement
IBM / Information Technology|15 years of annual SEC 10-K data (FY2011-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.
At a glance
Revenue
$67.5B
FY2025
Gross Profit
$39.3B
58.2% gross margin
Operating Income
N/A
FY2025
Net Income
$10.6B
FY2025
IBM reported $67.5B in revenue and $10.6B in net income for FY2025. Revenue has declined at a 3.2% compound annual rate over the past 14 years.
Based on SEC 10-K filings.
Key Data Points
- Dividend Aristocrat: 30+ consecutive years of dividend increases
- Altman Z-Score NaN (distress zone, below 1.23 threshold)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $67.5B | $62.8B | $61.9B | $60.5B | $57.4B | $55.2B | $57.7B | $79.6B | $79.1B | $79.9B | $81.7B | $92.8B | $98.4B | $102.9B | $106.9B |
| Cost of Revenue | $28.2B | $27.2B | $27.6B | $27.8B | $25.9B | $24.3B | $26.2B | $42.7B | $42.2B | $41.4B | $41.1B | $46.4B | $49.7B | $52.5B | $56.8B |
| Gross Profit | $39.3B | $35.6B | $34.3B | $32.7B | $31.5B | $30.9B | $31.5B | $36.9B | $36.9B | $38.5B | $40.7B | $46.4B | $48.7B | $50.4B | $50.1B |
| SG&A Expense | $20.1B | $19.7B | $19.0B | $18.6B | $18.7B | $20.6B | $18.7B | $19.4B | $19.7B | $20.9B | $20.4B | $23.2B | $23.5B | $23.5B | $23.6B |
| R&D Expense | $8.3B | $7.5B | $6.8B | $6.6B | $6.5B | $6.3B | $5.9B | $5.4B | $5.6B | $5.7B | $5.2B | $5.4B | $5.7B | $5.8B | $6.3B |
| Interest Expense | $1.9B | $1.7B | $1.6B | $1.2B | $1.2B | $1.3B | $1.3B | $723.0M | $615.0M | $630.0M | $468.0M | $484.0M | $402.0M | $459.0M | $411.0M |
| Income Tax | -$242.0M | -$218.0M | $1.2B | -$626.0M | $124.0M | -$1.4B | $60.0M | $2.6B | $5.6B | $449.0M | $2.6B | $4.2B | $3.4B | $5.5B | $5.1B |
| Net Income | $10.6B | $6.0B | $7.5B | $1.6B | $5.7B | $5.6B | $9.4B | $8.7B | $5.8B | $11.9B | $13.2B | $12.0B | $16.5B | $16.6B | $15.9B |
| EPS (Basic) | $8.23 | $1.82 | $6.41 | $6.28 | $10.63 | $9.57 | $6.17 | $12.43 | $13.48 | $11.97 | $15.06 | $14.53 | $13.25 | $11.69 | $10.12 |
| EPS (Diluted) | $8.14 | $1.80 | $6.35 | $6.23 | $10.56 | $9.52 | $6.14 | $12.38 | $13.42 | $11.90 | $14.94 | $14.37 | $13.06 | $11.52 | $10.01 |
| Shares Outstanding | 937.0M | 926.3M | 915.0M | 906.1M | 898.1M | 892.7M | 887.1M | 892.5M | 922.2M | 945.9M | 965.7M | 990.5M | 1.1B | 1.1B | 1.2B |
| Gross Margin | 58.2% | 56.6% | 55.5% | 54.0% | 54.9% | 55.9% | 54.6% | 46.4% | 46.7% | 48.2% | 49.8% | 50.0% | 49.5% | 48.9% | 46.9% |
| Profit Margin | 15.7% | 9.6% | 12.1% | 2.7% | 10.0% | 10.1% | 16.3% | 11.0% | 7.3% | 14.9% | 16.1% | 13.0% | 16.8% | 16.1% | 14.8% |