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IBM · XBRL financial data

International Business Machines financial statements, every quarter

The same tables from 12 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

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How these numbers work
  • Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
  • Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
  • * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
  • 0 means a filing states zero; a dash (—) means no filing states that number.
  • “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
  • Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
  • Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
  • Shares outstanding come from each filing's cover page, as of the date printed there.
  • Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

CSV

Fiscal quarters (IBM's year ends in late December)

In millions of dollarsDec 31, 2023Mar 31, 2024Jun 30, 2024Sep 30, 2024Dec 31, 2024Mar 31, 2025Jun 30, 2025Sep 30, 2025Dec 31, 2025Mar 31, 2026Jun 30, 2026Sep 30, 2026
Revenue17,381*14,46215,77014,96817,554*14,54116,97716,33119,686*15,91717,16217,103
Cost of revenue7,114*6,7196,8206,5487,114*6,5107,0016,9707,758*6,9687,2557,389
Gross profit10,267*7,7428,9508,42010,439*8,0319,9779,36011,928*8,9509,9079,714
Research and development1,748*1,7961,8401,8761,967*1,9502,0972,0822,187*2,1732,3112,378
Selling, general and administrative4,791*4,9744,9384,9114,865*4,8865,0274,7485,462*5,0894,9814,620
Interest expense405*432427429424*455510492478*473486491
Other income (expense)108*27411442267*264511040*3198100
Income tax expense (benefit)474*(502)389(485)379*103404686(1,435)*172313298
Net income (loss)3,288*1,6051,834(330)2,914*1,0552,1941,7445,600*1,2162,1652,190
Earnings per share, basic USD per share3.60*1.751.99(0.36)3.15*1.142.361.875.98*1.302.302.32
Earnings per share, diluted USD per share3.55*1.721.96(0.36)3.04*1.122.311.845.88*1.282.272.30
Weighted average shares, basic millions of shares915*917920924926*928931934936*939941944
Weighted average shares, diluted millions of shares927*933934924957*945948949952*952953954

Balance sheet

CSV

Fiscal quarters (IBM's year ends in late December)

In millions of dollarsDec 31, 2023Mar 31, 2024Jun 30, 2024Sep 30, 2024Dec 31, 2024Mar 31, 2025Jun 30, 2025Sep 30, 2025Dec 31, 2025Mar 31, 2026Jun 30, 2026Sep 30, 2026
Cash and cash equivalents13,06814,60312,21013,19713,94711,03511,94311,56913,58710,8197,1729,233
Accounts receivable7,2146,0415,7695,3906,8045,8575,9745,5328,1126,4936,0445,794
Inventory1,1611,2121,2341,3671,2891,4311,2511,3971,2201,4761,7461,945
Prepaid and other current assets2,6392,8042,7842,4082,5202,7702,7962,7392,5303,2093,1883,083
Total current assets32,90836,66333,29930,54334,48235,33634,25332,74036,94431,91428,39831,192
Right-of-use asset3,2203,2043,1303,3553,1973,3233,3153,2233,1293,2193,0683,114
Goodwill60,17859,53459,41661,09260,70666,06567,50667,39667,71774,70974,59974,916
Total assets135,241137,169133,848134,339137,175145,667148,585146,312151,880156,229152,099155,011
Accounts payable4,1323,5883,6313,2744,0323,5853,9743,8674,7564,0394,3954,491
Total current liabilities34,12232,39729,64828,85333,14235,10637,72635,14238,65840,10135,91236,485
Long-term debt50,12154,03352,92952,98049,88456,37155,21955,17454,83657,70656,21256,804
Lease liability, non-current2,5682,5832,5462,7572,6552,7532,7352,6462,5472,6432,5152,574
Total liabilities112,628113,836109,745109,809109,783118,714120,998118,322119,139123,174117,558118,805
Retained earnings151,276151,362151,659149,789151,163150,703151,367151,581155,648155,327155,937156,576
Total stockholders' equity22,53323,26124,02624,44827,30726,88027,50927,90532,64832,97434,45235,537
Total liabilities and equity135,241137,169133,848134,339137,175145,667148,585146,312151,880156,229152,099155,011
Common shares outstanding (cover page) millions of shares917919921925927929932935938940942945

Cash flows

CSV

Fiscal quarters (IBM's year ends in late December)

In millions of dollarsDec 31, 2023Mar 31, 2024Jun 30, 2024Sep 30, 2024Dec 31, 2024Mar 31, 2025Jun 30, 2025Sep 30, 2025Dec 31, 2025Mar 31, 2026Jun 30, 2026Sep 30, 2026
Net income (loss)3,288*1,6051,834(330)2,914*1,0552,1941,7445,600*1,2162,1652,190
Stock-based compensation290*320316*330*345*401441*443*430*506498*535*
Net cash from operating activities4,463*4,1682,066*2,881*4,330*4,3701,701*3,082*4,040*5,1692,597*4,025*
Purchases of property and equipment300*239220*286*303*244210*255*382*232229*332*
Net cash from investing activities2,836*(4,210)2,239*(1,587)*(1,379)*(12,979)1,698*(438)*1,417*(10,489)(481)*(2,569)*
Proceeds from issuing equityyear only260125*252*108*216185*134*175*178240*144*
Dividends paid1,518*1,5221,536*1,543*1,546*1,5491,563*1,569*1,574*1,5761,590*1,596*
Net cash from financing activities(1,615)*1,877(4,515)*(2,765)*(1,676)*5,443(2,854)*(3,012)*(3,406)*2,719(5,727)*606*
Net change in cash5,814*1,676(287)*(1,264)*946*(2,999)865*(427)*2,041*(2,777)(3,646)*2,064*

Compare with peers

SIC 3570 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen
  • SIC 3570 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
  • Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
  • * marks a quarter worked out from the filing totals: for a 10-K, the year less the first three quarters; for a 10-Q, the year-to-date total less the earlier one.
CompanyCash ($M)Revenue, quarter ($M)Operating cash flow, quarter ($M)Shares outstandingQuarter
International Business Machines9,23317,1034,025*945.1M 10-QSep 30, 2026
Cisco Systems7,21817,252*5,386*3.9B 10-KJul 25, 2026
Palo Alto Networks2,5143,410*1,357*818.0M 10-KJul 31, 2026
Arista Networks2,2903,0361,083*1.3B 10-QJun 30, 2026
Seagate Technology Holdings1,2584,2331,690229.6M 10-QOct 2, 2026
Fortinet3,7512,078946*734.7M 10-QSep 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.