International Business Machines Corporation financials
Key figures from International Business Machines Corporation's filings with the U.S. Securities and Exchange Commission: the latest quarter against a year earlier, and the trend across recent quarters and fiscal years.
Latest quarter vs a year earlier
| Metric | Sep 2026 | Sep 2025 | Change |
|---|---|---|---|
| Revenue | $17.1B | $16.3B | +4.7% |
| Net income | $2.2B | $1.7B | +25.6% |
| Free cash flow | $3.7B | $2.8B | +30.6% |
| Gross margin | 56.8% | 57.3% | -0.5 pts |
| Operating margin | — | — | — |
| Net margin | 12.8% | 10.7% | +2.1 pts |
Quarterly trend
Fiscal years
| Fiscal year | Revenue | Net income | Net margin | Free cash flow | EPS (diluted) |
|---|---|---|---|---|---|
| FY Dec 2025 | $67.5B | $10.6B | 15.7% | $12.1B | $11.17 |
| FY Dec 2024 | $62.8B | $6.0B | 9.6% | $12.4B | $6.43 |
| FY Dec 2023 | $61.9B | $7.5B | 12.1% | $12.7B | $8.14 |
| FY Dec 2022 | $60.5B | $1.6B | 2.7% | $9.1B | $1.80 |
| FY Dec 2021 | $57.4B | $5.7B | 10.0% | $10.7B | $6.35 |
* Fiscal fourth quarter computed from the annual filing minus the three reported quarters. All figures from company filings with the SEC.