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INTERNATIONAL BUSINESS MACHINES CORP IBM

NYSE · stock · Computer & office Equipment · website · IPO 1915-11-11 · LEI

INTERNATIONAL BUSINESS MACHINES CORP financials (annual)

Revenue
$79.92B $79.14B $79.59B $57.71B $55.18B $57.35B $60.53B $61.86B $62.75B $67.53B 2016201720182019202020212022202320242025
Net income
$11.87B $5.75B $8.73B $9.43B $5.59B $5.74B $1.64B $7.50B $6.02B $10.59B 2016201720182019202020212022202320242025
Free cash flow
$13.52B $13.49B $11.85B $12.48B $15.58B $10.73B $9.09B $12.69B $12.40B $12.10B 2016201720182019202020212022202320242025

Bars are annual figures from 2016 to 2025; red bars are negative (a loss or cash outflow).

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue$67.5B$62.8B$61.9B$60.5B$57.4B$55.2B$57.7B$79.6B$79.1B$79.9B
Gross profit$39.3B$35.6B$34.3B$32.7B$31.5B$30.9B$31.5B$36.9B$36.9B$38.5B
R&D expense$8.3B$7.5B$6.8B$6.6B$6.5B$6.3B$5.9B$5.4B$5.6B$5.7B
SG&A expense$20.1B$19.7B$19.0B$18.6B$18.7B$20.6B$18.7B$19.4B$19.7B$20.9B
Interest expense$1.9B$1.7B$1.6B$1.2B$1.2B$1.3B$1.3B$723.0M$615.0M$630.0M
Income tax-$242.0M-$218.0M$1.2B-$626.0M$124.0M-$1.4B$60.0M$2.6B$5.6B$449.0M
Net income$10.6B$6.0B$7.5B$1.6B$5.7B$5.6B$9.4B$8.7B$5.8B$11.9B
EPS (diluted)$11.17$6.43$8.14$1.80$6.35$6.23$10.56$9.52$6.14$12.38
Operating cash flow$13.2B$13.4B$13.9B$10.4B$12.8B$18.2B$14.8B$15.2B$16.7B$17.1B
Free cash flow$12.1B$12.4B$12.7B$9.1B$10.7B$15.6B$12.5B$11.9B$13.5B$13.5B
Cash & equivalents$13.6B$13.9B$13.1B$7.9B$6.7B$13.2B$8.2B$11.4B$12.0B$7.8B
Inventory$1.2B$1.3B$1.2B$1.6B$1.6B$1.8B$1.6B$1.7B$1.6B$1.6B
Total assets$151.9B$137.2B$135.2B$127.2B$132.0B$156.0B$152.2B$123.4B$125.4B$117.5B
Total liabilities$119.1B$109.8B$112.6B$105.2B$113.0B$135.2B$131.2B$106.5B$107.6B$99.1B
Shareholders' equity$32.7B$27.4B$22.6B$22.0B$19.0B$20.7B$21.0B$16.9B$17.7B$18.4B

Growth · year-over-year · Revenue CAGR -1.9%

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue growth+7.6%+1.4%+2.2%+5.5%+3.9%-4.4%-27.5%+0.6%-1.0%-2.2%
Net income growth+75.9%-19.7%+357.7%-71.5%+2.7%-40.7%+8.1%+51.7%-51.5%-10.0%
EPS growth+73.7%-21.0%+352.2%-71.7%+1.9%-41.0%+10.9%+55.0%-50.4%-7.7%
Free cash flow growth-2.4%-2.3%+39.6%-15.3%-31.1%+24.8%+5.3%-12.2%-0.2%-1.2%

Each column is the change versus the prior fiscal year. Growth off a negative or zero base is shown as “—”. CAGR is the compound annual revenue growth across the years shown.

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.