IBM · XBRL financial data

International Business Machines financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

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

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

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue	73,620	57,350	60,530	61,860	62,753	67,535
Cost of revenue	38,046	25,865	27,842	27,560	27,201	28,239
Gross profit	35,575	31,486	32,687	34,300	35,551	39,297
Research and development	6,333	6,488	6,567	6,775	7,479	8,316
Selling, general and administrative	23,082	18,745	18,609	19,003	19,688	20,123
Interest expense	1,288	1,155	1,216	1,607	1,712	1,935
Other income (expense)	156	225	443	266	877	221
Income tax expense (benefit)	(864)	124	(626)	1,176	(218)	(242)
Net income (loss)	5,590	5,743	1,639	7,502	6,023	10,593
Earnings per share, basic USD per share	6.28	6.41	1.82	8.23	6.53	11.36
Earnings per share, diluted USD per share	6.23	6.35	1.80	8.14	6.43	11.17
Weighted average shares, basic millions of shares	890	896	903	911	922	932
Weighted average shares, diluted millions of shares	897	905	912	922	937	949

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

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	13,212	6,650	7,886	13,068	13,947	13,587
Marketable securities	600	—	—	—	—	—
Accounts receivable	7,132	6,754	6,541	7,214	6,804	8,112
Inventory	1,839	1,649	1,552	1,161	1,289	1,220
Prepaid and other current assets	2,206	3,466	2,611	2,639	2,520	2,530
Total current assets	39,165	29,539	29,118	32,908	34,482	36,944
Property and equipment, net	10,040	5,694	5,334	—	—	—
Right-of-use asset	4,686	3,222	2,878	3,220	3,197	3,129
Goodwill	59,617	55,643	55,949	60,178	60,706	67,717
Total assets	155,971	132,001	127,243	135,241	137,175	151,880
Accounts payable	4,908	3,955	4,051	4,132	4,032	4,756
Total current liabilities	39,869	33,619	31,505	34,122	33,142	38,658
Long-term debt	54,355	44,917	46,189	50,121	49,884	54,836
Lease liability, non-current	3,574	2,462	2,190	2,568	2,655	2,547
Total liabilities	135,244	113,005	105,222	112,628	109,783	119,139
Retained earnings	162,717	154,209	149,825	151,276	151,163	155,648
Total stockholders' equity	20,597	18,901	21,944	22,533	27,307	32,648
Total liabilities and equity	155,971	132,001	127,243	135,241	137,175	151,880
Common shares outstanding (cover page) millions of shares	894	899	907	917	927	938

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

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	5,590	5,743	1,639	7,502	6,023	10,593
Stock-based compensation	937	982	987	1,133	1,311	1,715
Net cash from operating activities	18,197	12,796	10,435	13,931	13,445	13,193
Purchases of property and equipment	2,618	2,062	1,346	1,245	1,048	1,091
Net cash from investing activities	(3,028)	(5,975)	(4,202)	(7,070)	(4,937)	(10,302)
Proceeds from issuing equity	—	—	279	414	745	710
Dividends paid	5,797	5,869	5,948	6,040	6,147	6,255
Net cash from financing activities	(9,721)	(13,354)	(4,958)	(1,769)	(7,079)	(3,829)
Net change in cash	5,361	(6,718)	1,032	5,101	1,071	(520)

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.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Quarter
International Business Machines	9,233	17,103	4,025*	945.1M	Q3 FY26 10-QSep 30, 2026
Cisco Systems	7,218	17,252*	5,386*	3.9B	Q4 FY26 10-KJul 25, 2026
Palo Alto Networks	2,514	3,410*	1,357*	818.0M	Q4 FY26 10-KJul 31, 2026
Arista Networks	2,288	3,658	1,201*	1.3B	Q3 FY26 10-QSep 30, 2026
Seagate Technology Holdings	1,258	4,233	1,690	229.6M	Q1 FY27 10-QOct 2, 2026
Fortinet	3,751	2,078	946*	734.7M	Q3 FY26 10-QSep 30, 2026

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