INTERNATIONAL BUSINESS MACHINES CORP

IBM · Large cap · 1 article

Financial highlights

Metric	FY 12/31/25	FY 12/31/24	FY 12/31/23	FY 12/31/22	FY 12/31/21
Income Statement
Revenue	$67.5B	$62.8B	$61.9B	$60.5B	$57.4B
Cost of revenue	$28.2B	$27.2B	$27.6B	$27.8B	$25.9B
Gross profit	$39.3B	$35.6B	$34.3B	$32.7B	$31.5B
Selling, general & administrative	$20.1B	$19.7B	$19.0B	$18.6B	$18.7B
Research and development	$8.3B	$7.5B	$6.8B	$6.6B	$6.5B
Interest expense	$1.9B	$1.7B	$1.6B	$1.2B	$1.2B
Pretax income	$10.3B	$5.8B	$8.7B	$1.2B	$4.8B
Income tax expense	-$242.0M	-$218.0M	$1.2B	-$626.0M	$124.0M
Net income	$10.6B	$6.0B	$7.5B	$1.6B	$5.7B
Balance Sheet
Cash and equivalents	$13.6B	$13.9B	$13.1B	$7.9B	$6.7B
Current assets	$36.9B	$34.5B	$32.9B	$29.1B	$29.5B
Total assets	$151.9B	$137.2B	$135.2B	$127.2B	$132.0B
Current liabilities	$38.7B	$33.1B	$34.1B	$31.5B	$33.6B
Total liabilities	$119.1B	$109.8B	$112.6B	$105.2B	$113.0B
Total debt	$62.3B	$56.1B	$57.6B	$52.0B	$52.3B
Stockholders' equity	$32.6B	$27.3B	$22.5B	$21.9B	$18.9B
Cash Flow Statement
Cash from operations	$13.2B	$13.4B	$13.9B	$10.4B	$12.8B
Depreciation and amortization	$2.3B	$2.2B	$2.1B	$2.4B	$3.9B
Stock-based compensation	$1.7B	$1.3B	$1.1B	$987.0M	$982.0M
Capital expenditure	$1.1B	$1.0B	$1.2B	$1.3B	$2.1B
Free cash flow	$12.1B	$12.4B	$12.7B	$9.1B	$10.7B
Dividends paid	$6.3B	$6.1B	$6.0B	$5.9B	$5.9B
Impairments	$0	$0	$0	$0	$0

Shares outstanding 939.9M · Free float 100.0%

Annual filing data through FY ended December 31, 2025; float as of July 8, 2026.