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INTERNATIONAL BUSINESS MACHINES CORP

CIK: 51143 SIC: 3570
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Revenue
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Net Income
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Gross Margin
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Op. Margin
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Free Cash Flow
Financial Statements Quarterly (10-Q)
Showing 13 of 50 quarterly reports available
Breakdown Q3 2025
(Sep 30, 2025)
Q2 2025
(Jun 30, 2025)
Q1 2025
(Mar 31, 2025)
Q4 2024
(Jun 30, 2025)
Q3 2024
(Sep 30, 2024)
Q2 2024
(Jun 30, 2024)
Q1 2024
(Mar 31, 2024)
Q4 2023
(Dec 31, 2023)
Q3 2023
(Sep 30, 2023)
Q2 2023
(Jun 30, 2023)
Q1 2023
(Mar 31, 2023)
Q4 2022
(Dec 31, 2022)
Q3 2022
(Sep 30, 2022)
+ Total Revenue $16.33B $16.98B $14.54B - $14.97B $15.77B $14.46B $17.38B $14.75B $15.47B $14.25B $16.69B $14.11B
Revenue Growth % (YoY) 9.1% 7.7% 0.5% - 1.5% 1.9% 1.5% 4.1% 4.6% nan% nan% nan% nan%
Cost of Revenue $6.97B $7.00B $6.51B - $6.55B $6.82B $6.72B $7.11B $6.73B $6.97B $6.74B $7.06B $6.68B
+ Gross Profit $9.36B $9.98B $8.03B - $8.42B $8.95B $7.74B $10.27B $8.02B $8.50B $7.51B $9.63B $7.43B
Gross Margin % 57.3% 58.8% 55.2% - 56.3% 56.8% 53.5% 59.1% 54.4% 54.9% 52.7% 57.7% 52.7%
Research & Development $2.08B $2.10B $1.95B - $1.88B $1.84B $1.80B $1.75B $1.69B $1.69B $1.66B $1.60B $1.61B
Selling General & Admin $4.75B $5.03B $4.89B - $4.91B $4.94B $4.97B $4.79B $4.46B $4.90B $4.85B $4.77B $4.39B
Interest Expense $492.00M $510.00M $455.00M - $429.00M $427.00M $432.00M $405.00M $412.00M $423.00M $367.00M $313.00M $295.00M
Income Before Tax $2.43B $2.60B $1.16B - $-802.00M $2.22B $1.07B $3.76B $1.87B $2.00B $1.06B $3.31B $-4.50B
Income Tax Expense $686.00M $404.00M $103.00M - $-485.00M $389.00M $-502.00M $474.00M $159.00M $419.00M $124.00M $444.00M $-1.29B
+ Net Income $1.74B $2.19B $1.05B - $-330.00M $1.83B $1.60B $3.29B $1.70B $1.58B $927.00M $2.71B $-3.20B
Net Margin % 10.7% 12.9% 7.3% - -2.2% 11.6% 11.1% 18.9% 11.6% 10.2% 6.5% 16.2% -22.7%
Basic EPS 1.87 2.36 1.14 - -0.36 1.99 1.75 3.60 1.87 1.74 1.02 3.01 -3.54
Diluted EPS 1.84 2.31 1.12 - -0.36 1.96 1.72 3.56 1.84 1.72 1.01 2.99 -3.54
Basic Shares Outstanding 933.9M 930.8M 928.0M - 923.6M 920.3M 917.2M 1.2M 912.8M 909.9M 907.5M 1.0M 904.1M
Diluted Shares Outstanding 948.9M 948.0M 945.4M - 923.6M 934.4M 933.4M 1.8M 923.7M 919.5M 917.8M 10.6M 904.1M
Breakdown Q3 2025
(Sep 30, 2025)
Q2 2025
(Jun 30, 2025)
Q1 2025
(Mar 31, 2025)
Q4 2024
(Jun 30, 2025)
Q3 2024
(Sep 30, 2024)
Q2 2024
(Jun 30, 2024)
Q1 2024
(Mar 31, 2024)
Q4 2023
(Dec 31, 2023)
Q3 2023
(Sep 30, 2023)
Q2 2023
(Jun 30, 2023)
Q1 2023
(Mar 31, 2023)
Q4 2022
(Dec 31, 2022)
Q3 2022
(Sep 30, 2022)
Cash & Cash Equivalents $11.57B $11.94B $11.04B - $13.20B $12.21B $14.60B $13.07B $7.26B $9.39B $9.34B $7.89B $7.82B
Accounts Receivable $5.53B $5.97B $5.86B - $5.39B $5.77B $6.04B $7.21B $5.33B $5.67B $5.76B $6.54B $5.53B
Inventory $1.40B $1.25B $1.43B - $1.37B $1.23B $1.21B $1.16B $1.40B $1.50B $1.60B $1.55B $1.79B
Other Current Assets $2.74B $2.80B $2.77B - $2.41B $2.78B $2.80B $2.64B $2.58B $2.73B $2.50B $2.61B $3.45B
Total Current Assets $32.74B $34.25B $35.34B - $30.54B $33.30B $36.66B $32.91B $27.70B $34.46B $35.98B $29.12B $29.00B
Property Plant & Equipment - - - - - - - - $5.37B $5.44B $5.34B $5.33B $5.15B
Goodwill $67.40B $67.51B $66.06B - $61.09B $59.42B $59.53B $60.18B $59.60B $56.38B $56.19B $55.95B $54.22B
Intangible Assets $11.73B $12.25B $12.39B - $11.09B $10.25B $10.75B $11.04B $11.28B $10.50B $10.90B $11.18B $10.97B
Total Assets $146.31B $148.59B $145.67B - $134.34B $133.85B $137.17B $135.24B $129.32B $132.21B $133.64B $127.24B $125.85B
Accounts Payable $3.87B $3.97B $3.58B - $3.27B $3.63B $3.59B $4.13B $3.34B $3.73B $3.73B $4.05B $3.81B
Short-term Debt $7.94B $8.95B $6.91B - $3.60B $3.60B $5.47B $6.43B $6.41B $6.79B $4.89B $4.76B $5.94B
Deferred Revenue $13.88B $15.02B $15.06B - $12.88B $13.64B $14.05B $13.45B $11.92B $12.71B $13.22B $12.03B $11.14B
Total Current Liabilities $35.14B $37.73B $35.11B - $28.85B $29.65B $32.40B $34.12B $30.61B $32.51B $30.99B $31.50B $30.47B
Long-term Debt $55.17B $55.22B $56.37B - $52.98B $52.93B $54.03B $50.12B $48.83B $50.69B $53.83B $46.19B $44.94B
Other Non-current Liabilities $11.76B $11.52B $11.11B - $11.19B $10.93B $10.91B $11.47B $12.08B $12.10B $12.10B $12.24B $13.41B
Total Liabilities $118.32B $121.00B $118.71B - $109.81B $109.75B $113.84B $112.63B $106.17B $109.94B $111.96B $105.22B $105.70B
Common Stock $62.82B $62.39B $61.91B - $61.01B $60.50B $60.15B $59.64B $59.31B $58.96B $58.67B $58.34B $58.12B
Retained Earnings $151.58B $151.37B $150.70B - $149.79B $151.66B $151.36B $151.28B $149.51B $149.32B $149.25B $149.82B $148.61B
Total Stockholders Equity $27.91B $27.51B $26.88B - $24.45B $24.03B $23.26B $22.53B $23.08B $22.20B $21.60B $21.94B $20.08B
Total Liabilities & Equity $146.31B $148.59B $145.67B - $134.34B $133.85B $137.17B $135.24B $129.32B $132.21B $133.64B $127.24B $125.85B
Breakdown Q3 2025
(Sep 30, 2025)
Q2 2025
(Jun 30, 2025)
Q1 2025
(Mar 31, 2025)
Q4 2024
(Jun 30, 2025)
Q3 2024
(Sep 30, 2024)
Q2 2024
(Jun 30, 2024)
Q1 2024
(Mar 31, 2024)
Q4 2023
(Dec 31, 2023)
Q3 2023
(Sep 30, 2023)
Q2 2023
(Jun 30, 2023)
Q1 2023
(Mar 31, 2023)
Q4 2022
(Dec 31, 2022)
Q3 2022
(Sep 30, 2022)
Net Income $1.74B $2.19B $1.05B - $-330.00M $1.83B $1.60B $3.29B $1.70B $2.51B $927.00M $2.71B $-3.20B
Stock-based Compensation $1.28B $842.00M $401.00M - $966.00M $636.00M $320.00M $290.00M $843.00M $556.00M $268.00M $248.00M $739.00M
Change in Working Capital $804.00M $421.00M $-1.76B - $607.00M $-152.00M $-1.36B - $-1.26B $-1.31B $-1.56B - $2.69B
Operating Cash Flow $9.15B $6.07B $4.37B - $9.12B $6.23B $4.17B $4.46B $9.47B $6.41B $3.77B $3.96B $6.47B
Capital Expenditure $709.00M $454.00M $244.00M - $745.00M $459.00M $239.00M $300.00M $945.00M $664.00M $300.00M $409.00M $937.00M
Acquisitions $7.90B $7.84B $7.10B - $2.75B $235.00M $82.00M $137.00M $4.95B $356.00M $22.00M $1.33B $1.02B
Purchases of Investments $8.91B $7.74B $6.49B - $6.50B $5.60B $4.93B $769.00M $10.37B $9.26B $8.53B $1.46B $4.47B
Investing Cash Flow $-11.72B $-11.28B $-12.98B - $-3.56B $-1.97B $-4.21B $2.84B $-9.91B $-7.95B $-7.96B $-1.32B $-2.88B
Dividends Paid $4.68B $3.11B $1.55B - $4.60B $3.06B $1.52B $1.52B $4.52B $3.01B $1.50B $1.49B $4.45B
Financing Cash Flow $-423.00M $2.59B $5.44B - $-5.40B $-2.64B $1.88B $-1.61B $-154.00M $2.98B $5.71B $-2.85B $-2.11B
Net Change in Cash $-2.56B $-2.13B $-3.00B - $125.00M $1.39B $1.68B $5.81B $-713.00M $1.44B $1.55B $14.00M $1.02B
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Total Revenue $16.33B $14.97B $47.85B $45.20B
Cost of Revenue $6.97B $6.55B $20.48B $20.09B
Gross Profit $9.36B $8.42B $27.37B $25.11B
Research & Development $2.08B $1.88B $6.13B $5.51B
Selling General & Admin $4.75B $4.91B $14.66B $14.82B
Interest Expense $492.00M $429.00M $1.46B $1.29B
Income Before Tax $2.43B $-802.00M $6.18B $2.49B
Income Tax Expense $686.00M $-485.00M $1.19B $-597.00M
Net Income $1.74B $-330.00M $4.99B $3.11B
Basic EPS 1.87 -0.36 5.36 3.38
Diluted EPS 1.84 -0.36 5.27 3.32
Basic Shares Outstanding $933.86M $923.58M $930.89M $920.35M
Diluted Shares Outstanding $948.93M $923.58M $947.42M $935.43M
Condensed Consolidated Balance Sheets
Description Sep 30, 2025 Dec 31, 2024
Cash & Cash Equivalents $11.57B $13.95B
Accounts Receivable $5.53B $6.80B
Inventory $1.40B $1.29B
Other Current Assets $2.74B $2.52B
Total Current Assets $32.74B $34.48B
Goodwill $67.40B $60.71B
Intangible Assets $11.73B $10.66B
Total Assets $146.31B $137.18B
Accounts Payable $3.87B $4.03B
Short-term Debt $7.94B $5.09B
Deferred Revenue $13.88B $13.91B
Total Current Liabilities $35.14B $33.14B
Long-term Debt $55.17B $49.88B
Other Non-current Liabilities $11.76B $11.05B
Total Liabilities $118.32B $109.78B
Common Stock $62.82B $61.38B
Retained Earnings $151.58B $151.16B
Total Stockholders Equity $27.91B $27.31B
Total Liabilities & Equity $146.31B $137.18B
Condensed Consolidated Statements of Cash Flows
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Net Income $1.74B $-330.00M $4.99B $3.11B
Stock-based Compensation - - $1.28B $966.00M
Change in Working Capital - - $804.00M $607.00M
Operating Cash Flow - - $9.15B $9.12B
Capital Expenditure - - $709.00M $745.00M
Acquisitions - - $7.90B $2.75B
Purchases of Investments - - $8.91B $6.50B
Investing Cash Flow - - $-11.72B $-3.56B
Dividends Paid - - $4.68B $4.60B
Financing Cash Flow - - $-423.00M $-5.40B
Net Change in Cash - - $-2.56B $125.00M

All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-Q filings.

Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.

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