INTERNATIONAL BUSINESS MACHINES CORP

Listed Company

IBMCIK 0000051143NYSELarge AcceleratedComputer & Office EquipmentNew YorkFY ends Dec 31

Period

FY 2025

Revenue

$67.53B

Net Income

$10.59B

Total Assets

$151.88B

Equity

$32.65B

Shares Out

939.89M

Op. Cash Flow

$13.19B

IBM$212.45−24.67% · past yearDBEQ Basic

Daily closing prices

Business

INTERNATIONAL BUSINESS MACHINES CORP provides enterprise technology and consulting services focused on hybrid cloud and artificial intelligence to help clients modernize applications, reimagine workflows, and drive operational efficiencies. It offers software (including hybrid cloud and AI platforms), consulting and systems integration services, on-premises and cloud-based infrastructure (servers and storage), and client financing solutions. The company’s key business segments are Software, Consulting, Infrastructure, and Financing. IBM delivers its products and services globally through direct sales, partner ecosystems, hyperscaler alliances, system integrators, and service providers.

Summary from filing dated 2025-02-25

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	67,535	62,753	61,860	60,530	57,350
Cost	28,239	27,201	27,560	27,842	25,865
Gross profit	39,297	35,551	34,300	32,687	31,486
Selling, general and administrative	20,123	19,688	19,003	18,609	18,745
Research and development	8,316	7,479	6,775	6,567	6,488
Intellectual property and custom development income	−964	−996	−860	−663	−612
Other (income) and expense	−442	1,871	−914	5,803	—
Interest expense	1,935	1,712	1,607	1,216	1,155
Total expense and other (income)	28,968	29,754	25,610	31,531	—
Income from continuing operations before income taxes	10,328	5,797	8,690	1,156	4,837
Provision for/(benefit from) income taxes	−242	−218	1,176	−626	124
Income from continuing operations	10,571	6,015	7,514	1,783	4,712
Income/(loss) from discontinued operations, net of tax	22	8	−12	−143	1,030
Net income	10,593	6,023	7,502	1,639	5,743
Continuing operations (in dollars per share)	11.14	6.42	8.15	1.95	5.21
Discontinued operations (in dollars per share)	0.02	0.01	−0.01	−0.16	1.14
Total (in dollars per share)	11.17	6.43	8.14	1.8	6.35
Continuing operations (in dollars per share)	11.34	6.53	8.25	1.97	5.26
Discontinued operations (in dollars per share)	0.02	0.01	−0.01	−0.16	1.15
Total (in dollars per share)	11.36	6.53	8.23	1.82	6.41
Assuming dilution (in shares)	949	937	922	912	905
Basic (in shares)	932	922	911	903	896

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	13,587	13,947	13,068	7,886	6,650
Restricted cash	54	214	21	103	307
Marketable securities	830	644	373	852	600
Notes and accounts receivabletrade (net of allowances of $99 in 2025 and $114 in 2024)	8,112	6,804	7,214	6,541	6,754
Held for investment (net of allowances of $106 in 2025 and $109 in 2024)	7,344	6,259	6,102	6,851	—
Held for sale	1,131	900	692	939	793
Other accounts receivable (net of allowances of $37 in 2025 and $31 in 2024)	1,052	947	640	817	1,002
Inventory	1,220	1,289	1,161	1,552	1,649
Deferred costs	1,084	959	998	967	1,097
Prepaid expenses and other current assets	2,530	2,520	2,639	2,611	3,466
Total current assets	36,944	34,482	32,908	29,118	29,539
Property, plant and equipment	17,874	17,691	18,122	18,695	—
Less: Accumulated depreciation	11,975	11,959	12,621	13,361	—
Property, plant and equipmentnet	5,899	5,731	5,501	5,334	—
Operating right-of-use assetsnet	3,129	3,197	3,220	2,878	3,222
Long-term financing receivables (net of allowances of $34 in 2025 and $19 in 2024)	7,708	5,353	5,766	5,806	5,425
Prepaid pension assets	7,544	7,492	7,506	8,236	9,850
Deferred costs	825	788	842	866	924
Deferred taxes	8,610	6,978	6,656	6,256	7,370
Goodwill	67,717	60,706	60,178	55,949	55,643
Intangible assetsnet	11,391	10,660	11,036	11,184	12,511
Investments and sundry assets	2,112	1,787	1,626	1,617	1,823
Total assets	151,880	137,175	135,241	127,243	132,001
Taxes	2,347	2,033	2,270	2,196	2,289
Short-term debt	6,424	5,089	6,426	4,760	6,787
Accounts payable	4,756	4,032	4,132	4,051	3,955
Compensation and benefits	4,114	3,605	3,501	3,481	3,204
Deferred income	16,101	13,907	13,451	12,032	12,518
Operating lease liabilities	800	768	820	874	974
Other accrued expenses and liabilities	4,116	3,709	3,521	4,111	3,892
Total current liabilities	38,658	33,142	34,122	31,505	33,619
Long-term debt	54,836	49,884	50,121	46,189	44,917
Retirement and nonpension postretirement benefit obligations	9,018	9,432	10,808	9,596	14,435
Deferred income	4,271	3,622	3,533	3,499	3,577
Operating lease liabilities	2,547	2,655	2,568	2,190	2,462
Other liabilities	9,810	11,048	11,475	12,243	13,996
Total liabilities	119,139	109,783	112,628	105,222	113,005
Commitments and Contingencies	—	—	—	—	—
Common stock and additional paid-in capital	63,318	61,380	59,643	58,343	57,319
Retained earnings	155,648	151,163	151,276	149,825	154,209
Treasury stock, at cost (shares: 20251,353,666,394; 20241,352,874,243)	−170,605	−169,968	−169,624	−169,484	−169,392
Accumulated other comprehensive income/(loss)	−15,713	−15,269	−18,761	−16,740	−23,234
Total IBM stockholders' equity	32,648	27,307	22,533	21,944	18,901
Noncontrolling interests	93	86	80	77	95
Total equity	32,740	27,393	22,613	22,021	18,996
Total liabilities and equity	151,880	137,175	135,241	127,243	132,001

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Pension settlement charges	0	3,100	0	5,900	0
Depreciation	2,284	2,168	2,109	2,407	3,888
Amortization of capitalized software and acquired intangible assets	2,737	2,499	2,287	2,395	2,529
Stock-based compensation	1,715	1,311	1,133	987	982
Deferred taxes	−957	−2,330	−1,114	−2,726	−2,001
Net (gain)/loss on divestitures, asset sales and other	−39	−652	−170	−363	—
Receivables (including financing receivables)	−4,278	−374	725	−539	1,372
Retirement related	−50	265	−462	331	1,038
Inventory	70	−166	390	71	138
Other assets/other liabilities	495	1,601	1,466	126	−842
Accounts payable	624	−13	65	213	85
Net cash provided by operating activities	13,193	13,445	13,931	10,435	12,796
Payments for property, plant and equipment	−1,091	−1,048	−1,245	−1,346	−2,062
Proceeds from disposition of property, plant and equipment/other	121	557	321	111	—
Investment in software	−647	−637	−565	−626	−706
Purchases of marketable securities and other investments	−10,095	−7,762	−11,143	−5,930	−3,561
Proceeds from disposition of marketable securities and other investments	9,704	6,544	10,647	4,665	3,147
Acquisition of businesses, net of cash acquired	−8,294	−3,289	−5,082	−2,348	−3,293
Divestiture of businesses, net of cash transferred	−1	698	−4	1,272	114
Net cash provided by/(used in) investing activities	−10,302	−4,937	−7,070	−4,202	−5,975
Proceeds from new debt	8,391	5,705	9,586	7,804	522
Payments to settle debt	−5,489	−6,615	−5,082	−6,800	−8,597
Short-term borrowings/(repayments) less than 90 daysnet	−29	30	−7	217	−40
Common stock repurchases for tax withholdings	−1,018	−651	−402	−407	−319
Proceeds from issuance of shares	710	745	414	279	—
Financingother	−139	−145	−239	−103	70
Cash dividends paid	−6,255	−6,147	−6,040	−5,948	−5,869
Net cash provided by/(used in) financing activities	−3,829	−7,079	−1,769	−4,958	−13,354
Effect of exchange rate changes on cash, cash equivalents and restricted cash	418	−359	9	−244	−185
Net change in cash, cash equivalents and restricted cash	−520	1,071	5,101	1,032	−6,718
Income taxes paidnet of refunds received	1,948	1,723	1,564	1,865	2,103
Interest paid on debt	2,042	1,978	1,668	1,401	1,512

Filings

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Frequently asked questions

What is INTERNATIONAL BUSINESS MACHINES CORP's CIK number?

INTERNATIONAL BUSINESS MACHINES CORP's SEC CIK number is 0000051143 (51143). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find INTERNATIONAL BUSINESS MACHINES CORP's SEC filings?

All of INTERNATIONAL BUSINESS MACHINES CORP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did INTERNATIONAL BUSINESS MACHINES CORP last report earnings?

INTERNATIONAL BUSINESS MACHINES CORP (IBM) most recently filed an earnings 8-K with the SEC on Jul 14, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000051143-26-000070). This is INTERNATIONAL BUSINESS MACHINES CORP's most recent earnings filing of record — not a forecast of its next earnings date.

What is INTERNATIONAL BUSINESS MACHINES CORP's most recent earnings 8-K?

INTERNATIONAL BUSINESS MACHINES CORP's latest earnings 8-K (Item 2.02) was filed Jul 14, 2026 under accession 0000051143-26-000070. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

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