IBM

Information Technology IT Consulting & Other Services Armonk, New York Last filing Feb 24, 2026 · FY2025

Balance Sheet

Assets, liabilities, and equity

32 accounts · 5 years

Account	2025	2024	2023	2022	2021
Statement
BS Assets Cash	$13.6B	$13.9B	$13.1B	$7.9B	$6.7B
BS Assets Short Term Invest	$0	$0	$0	$0	$0
BS Assets Accts Receivable	$8.1B	$6.8B	$7.2B	$6.5B	$6.8B
BS Assets Inventory	$1.2B	$1.3B	$1.2B	$1.6B	$1.6B
BS Assets Prepaid Expenses	$2.5B	$2.5B	$2.6B	$2.6B	$3.5B
BS Assets Total Current	$36.9B	$34.5B	$32.9B	$29.1B	$29.5B
BS Assets PPE	$5.9B	$5.7B	$5.5B	$5.3B	$5.7B
BS Assets Op Lease ROU	$3.1B	$3.2B	$3.2B	$2.9B	$3.2B
BS Assets Goodwill	$67.7B	$60.7B	$60.2B	$55.9B	$55.6B
BS Assets Intangible Assets	$11.4B	$10.7B	$11.0B	$11.2B	$12.5B
BS Assets Deferred Tax Assets	$8.6B	$7.0B	$6.7B	$6.3B	$7.4B
BS Assets Other Noncurrent	$8.6B	$7.0B	$6.7B	$6.3B	$7.4B
BS Assets Total	$151.9B	$137.2B	$135.2B	$127.2B	$132.0B
BS Liab Accts Payable	$4.8B	$4.0B	$4.1B	$4.1B	$4.0B
BS Liab Accrued Liab	$4.1B	$3.6B	$3.5B	$3.5B	$3.2B
BS Liab Deferred Rev Current	$16.1B	$13.9B	$13.5B	$12.0B	$12.5B
BS Liab Current Debt	$6.4B	$5.1B	$6.4B	$4.8B	$6.8B
BS Liab Op Lease Current	$800.0M	$768.0M	$820.0M	$874.0M	$974.0M
BS Liab Total Current	$38.7B	$33.1B	$34.1B	$31.5B	$33.6B
BS Liab Long Term Debt	$54.8B	$49.9B	$50.1B	$46.2B	$44.9B
BS Liab Deferred Rev LT	$4.3B	$3.6B	$3.5B	$3.5B	$3.6B
BS Liab Op Lease Noncurrent	$2.5B	$2.7B	$2.6B	$2.2B	$2.5B
BS Liab Other Noncurrent	$9.8B	$11.0B	$11.5B	$12.2B	$14.0B
BS Liab Total	$119.1B	$109.8B	$112.6B	$105.2B	$113.0B
BS Equity Preferred Stock	$0	$0	$0	$0	$0
BS Equity Common Stock	$7.0B	$7.0B	$7.0B	$6.9B	$6.9B
BS Equity Retained Earnings	$155.6B	$151.2B	$151.3B	$149.8B	$154.2B
BS Equity Treasury Stock	$170.6B	$170.0B	$169.6B	$169.5B	$169.4B
BS Equity AOCI	$-15.7B	$-15.3B	$-18.8B	$-16.7B	$-23.2B
BS Equity NCI	$93.0M	$86.0M	$80.0M	$77.0M	$95.0M
BS Equity Total	$32.6B	$27.3B	$22.5B	$21.9B	$18.9B
BS Equity Total Liab and Equity	$151.9B	$137.2B	$135.2B	$127.2B	$132.0B

Income Statement

Revenue, expense, and profitability

19 accounts · 5 years

Revenue $67.5B

Operating income $10.6B

Net income $10.6B

Account	2025	2024	2023	2022	2021
Statement
IS Revenue Total	$67.5B	$62.8B	$61.9B	$60.5B	$57.4B
IS Expense COGS	$28.2B	$27.2B	$27.6B	$27.8B	$25.9B
IS Expense Rn D	$8.3B	$7.5B	$6.8B	$6.6B	$6.5B
IS Expense SGA	$20.1B	$19.7B	$19.0B	$18.6B	$18.7B
IS Expense DA	$2.7B	$2.5B	$2.3B	$2.4B	$2.5B
IS Expense SBC	$1.7B	$1.3B	$1.1B	$987.0M	$982.0M
IS Expense Restructuring	$653.0M	$692.0M	$435.0M	$0	$0
IS Gross Profit	$39.3B	$35.6B	$34.3B	$32.7B	$31.5B
IS Operating Income	$10.6B	$6.0B	$7.5B	$1.8B	$4.7B
IS Interest Expense	$1.9B	$1.7B	$1.6B	$1.2B	$1.2B
IS Other Nonop Inc Exp	$221.0M	$877.0M	$266.0M	$443.0M	$225.0M
IS Pre Tax Income	$10.3B	$5.8B	$8.7B	$1.2B	$4.8B
IS Tax Expense	$-242.0M	$-218.0M	$1.2B	$-626.0M	$124.0M
IS net Income	$10.6B	$6.0B	$7.5B	$1.6B	$5.7B
IS Comprehensive Income	$10.1B	$9.5B	$5.5B	$8.1B	$10.6B
IS EPS Basic	$11	$7	$8	$2	$6
IS EPS Diluted	$11	$6	$8	$2	$6
IS Shares Basic	$932.3M	$921.8M	$911.2M	$902.7M	$896.0M
IS Shares Diluted	$948.7M	$937.2M	$922.1M	$912.3M	$904.6M

Cash Flow Statement

Operating, investing, and financing flows

19 accounts · 5 years

Account	2025	2024	2023	2022	2021
Statement
CF Ops net Income	$10.6B	$6.0B	$7.5B	$1.6B	$5.7B
CF Ops DA	$2.7B	$2.5B	$2.3B	$2.4B	$2.5B
CF Ops SBC	$1.7B	$1.3B	$1.1B	$987.0M	$982.0M
CF Ops Deferred Tax	$-957.0M	$-2.3B	$-1.1B	$-2.7B	$-2.0B
CF Ops Working Capital	$554.0M	$153.0M	$-325.0M	$142.0M	$-53.0M
CF Ops net Cash	$13.2B	$13.4B	$13.9B	$10.4B	$12.8B
CF Inv Capex	$1.1B	$1.0B	$1.2B	$1.3B	$2.1B
CF Inv Acquisitions	$8.3B	$3.3B	$5.1B	$2.3B	$3.3B
CF Inv Purchase Investments	$10.1B	$7.8B	$11.1B	$5.9B	$3.6B
CF Inv net Cash	$-10.3B	$-4.9B	$-7.1B	$-4.2B	$-6.0B
CF Fin Dividends	$6.3B	$6.1B	$6.0B	$5.9B	$5.9B
CF Fin Stock Issuance	$233.0M	$317.0M	$51.0M	—	—
CF Fin Tax Withholding	$1.0B	$651.0M	$402.0M	$407.0M	$319.0M
CF Fin Other	$-139.0M	$-145.0M	$-239.0M	$-103.0M	$70.0M
CF Fin net Cash	$-3.8B	$-7.1B	$-1.8B	$-5.0B	$-13.4B
CF FX Effect	$418.0M	$-359.0M	$9.0M	$-244.0M	$-185.0M
CF net Change	$-520.0M	$1.1B	$5.1B	$1.0B	$-6.7B
CF Cash Begin	$13.6B	$14.2B	$13.1B	$8.0B	$7.0B
CF Cash End	$13.6B	$14.2B	$13.1B	$8.0B	$7.0B

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Assets, liabilities, and equity

Revenue, expense, and profitability

Operating, investing, and financing flows

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