Hardware & IT Services ยท Statements and segments from its SEC filings, 2007 to 2025.
IBM revenue, gross and operating margin, net income, free cash flow, cash and debt by quarter and by fiscal year, and revenue by segment, read from the company's own filings with the US Securities and Exchange Commission. Free to everyone; the Risk & Quality report that scores the company is the paid step.
revenue by segment: Software, Consulting, Infrastructure, Financing, Global Technology Services, Cloud & Cognitive Software, Global Business Services, Systems, Global Financing, Other / unallocated
revenue by product: Sales, Services, Financing
revenue by region: Americas, Europe/Middle East/Africa, Asia Pacific
The numbers
Annual figures
Line
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
$79.9B
$79.1B
$79.6B
$57.7B
$55.2B
$57.4B
$60.5B
$61.9B
$62.8B
$67.5B
Gross profit
$38.5B
$36.9B
$36.9B
$31.5B
$30.9B
$31.5B
$32.7B
$34.3B
$35.6B
$39.3B
Net income
$11.9B
$5.8B
$8.7B
$9.4B
$5.6B
$5.7B
$1.6B
$7.5B
$6B
$10.6B
EPS (diluted)
$12.38
$6.14
$9.52
$10.56
$6.23
$6.35
$1.80
$8.14
$6.43
$11.17
Operating cash flow
$17.1B
$16.7B
$15.2B
$14.8B
$18.2B
$12.8B
$10.4B
$13.9B
$13.4B
$13.2B
Free cash flow
$13.5B*
$13.5B*
$11.9B*
$12.5B*
$15.6B*
$10.7B*
$9.1B*
$12.7B*
$12.4B*
$12.1B*
Cash & equivalents
$7.8B
$12B
$11.4B
$8.2B
$13.2B
$6.7B
$7.9B
$13.1B
$13.9B
$13.6B
Total debt
$40.9B
$45.1B
$42.7B
$54.1B
$54.2B
$44.9B
$46.2B
$50.1B
$49.9B
$54.8B
Gross margin
48.2%
46.7%
46.4%
54.6%
55.9%
54.9%
54.0%
55.4%
56.7%
58.2%
Net margin
14.9%
7.3%
11.0%
16.3%
10.1%
10.0%
2.7%
12.1%
9.6%
15.7%
Latest quarters
Line
Q3 2024
Q4 2024
Q1 2025
Q2 2025
Q3 2025
Q4 2025
Q1 2026
Q2 2026
Revenue
$15B
$17.6B*
$14.5B
$17B
$16.3B
$19.7B*
$15.9B
$17.2B
Gross profit
$8.4B
$10.4B*
$8B
$10B
$9.4B
$11.9B*
$9B
$9.9B
Net income
-$330M
$2.9B*
$1.1B
$2.2B
$1.7B
$5.6B*
$1.2B
$2.2B
EPS (diluted)
-$0.36
$3.11*
$1.12
$2.31
$1.84
$5.90*
$1.28
$2.27
Operating cash flow
$2.9B*
$4.3B*
$4.4B
$1.7B*
$3.1B*
$4B*
$5.2B
$2.6B*
Free cash flow
$2.6B*
$4B*
$4.1B*
$1.5B*
$2.8B*
$3.7B*
$4.9B*
$2.4B*
Cash & equivalents
$13.2B
$13.9B
$11B
$11.9B
$11.6B
$13.6B
$10.8B
$7.2B
Total debt
$53B
$49.9B
$56.4B
$55.2B
$55.2B
$54.8B
$57.7B
$56.2B
Gross margin
56.3%
59.5%
55.2%
58.8%
57.3%
60.6%
56.2%
57.7%
Net margin
-2.2%
16.6%
7.3%
12.9%
10.7%
28.4%
7.6%
12.6%
Revenue by segment
Line
FY2017
FY2018
FY2019
FY2020*
FY2021*
FY2022*
FY2023*
FY2024
FY2025
Software
-
-
-
$22.1B
$23.4B
$25B
$25B
$27.1B
$30B
Consulting
-
-
-
$16.3B
$17.8B
$19.1B
$20.9B
$20.7B
$21.1B
Infrastructure
-
-
-
$14.5B
$14.2B
$15.3B
$14.6B
$14B
$15.7B
Financing
-
-
-
$975M
$774M
$645M
$741M
$713M
$737M
Global Technology Services
$29.9B
$30B
$28.5B
-
-
-
-
-
-
Cloud & Cognitive Software
$24.9B
$25.4B
$26B
-
-
-
-
-
-
Global Business Services
$16.4B
$16.9B
$16.9B
-
-
-
-
-
-
Systems
$8.9B
$8.8B
$8.3B
-
-
-
-
-
-
Global Financing
$3.2B
$3.2B
$2.6B
-
-
-
-
-
-
Other / unallocated
-
-
-
$1.3B*
$1.1B*
$453M*
$631M*
-
-
Revenue by product
Line
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Sales
$28.8B
$28.7B
$28.3B
$26.6B
$27.3B
$29.7B
$30.7B
$32.2B
$36.1B
Services
$48.7B
$49.3B
$47.5B
$27.6B
$29.2B
$30.2B
$30.4B
$29.8B
$30.7B
Financing
$1.7B
$1.6B
$1.4B
$984M
$780M
$651M
$737M
$709M
$737M
Revenue by region
Line
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Americas
$37B
$36.3B
$27.1B
$28.3B
$31.1B
$31.7B
$31.3B
$33.3B
Europe/Middle East/Africa
$25.5B
$24.4B
$16.8B
$17.4B
$18B
$18.5B
$19.4B
$22.2B
Asia Pacific
$17.1B
$16.4B
$11.3B
$11.6B
$11.5B
$11.7B
$12.1B
$12B
* derived: a fourth quarter as the year less the three filed quarters, or a remainder as the total less the parts. All other figures are as filed.
About this page
Every figure on this page is read from IBM's own SEC filings: the statement lines from the SEC's XBRL company-facts feed, the revenue splits from the segment and revenue notes of each 10-K and 10-Q. Nothing is typed in or estimated. The cache refreshes daily.