Company / R&D Expense
IBM R&D Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$8.3B
FY2025
5-year range
$6.5B / $8.3B
FY2021-FY2025
Trend
+11.2%
vs FY2024
Sector context
#8 of 264
Information Technology
What the data says
Among 264 Information Technology companies, IBM is in the top 3% for r&d expense. R&D Expense has increased for 7 consecutive years, from $5.4B in FY2018 to $8.3B in FY2025.
Based on SEC 10-K filings.
$8.3B in FY2025 with a 5-year CAGR of +5.8%. Top quartile in the Information Technology sector.
Improved from $6.8B to $8.3B over the past 2 years.
Information Technology sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +8.2%
- 5-Year CAGR
- +5.8%
- 10-Year CAGR
- -
Sector benchmark
Top 3% in Information TechnologyTop 3% of 264This company $8.3B Sector average $924.6M
▼
+799.4% above sector average
Key checks
Key Insights
- IBM's r&d expense has grown for 7 consecutive years.
- 5-year CAGR of +5.8%, indicating consistent growth.
- In FY2025, r&d expense increased 11.2% year-over-year.
- Ranks #8 out of 264 companies in the Information Technology sector.
Company context
Key Data Points
- Strong return on equity: 28.3%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $8.3B | +11.2% |
| FY2024 | $7.5B | +10.4% |
| FY2023 | $6.8B | +3.2% |
| FY2022 | $6.6B | +1.2% |
| FY2021 | $6.5B | +3.6% |
| FY2020 | $6.3B | +6.0% |
| FY2019 | $5.9B | +9.9% |
| FY2018 | $5.4B | -3.8% |
| FY2017 | $5.6B | -2.4% |
| FY2016 | $5.7B | +9.1% |
As of FY2025 · SEC Form 10-K · Last checked Jun 30, 2026