IBM (IBM)
Enterprise software, consulting, and infrastructure for hybrid cloud, AI, and mission-critical computing.
$231.95
vs last close+0.02 (+0.01%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 14,752 | 17,380 | 14,461 | 15,769 | 14,967 | 17,553 | 14,541 | 16,977 | 16,331 | 19,687 | 15,917 | 17,162 |
| Cost of revenue | 6,729 | 7,114 | 6,719 | 6,820 | 6,548 | 7,114 | 6,510 | 7,001 | 6,740 | 7,758 | 6,967 | 7,255 |
| Gross profit | 8,023 | 10,267 | 7,742 | 8,950 | 8,420 | 10,439 | 8,031 | 9,977 | 9,591 | 11,928 | 8,950 | 9,907 |
| 5,919 | 6,271 | 6,179 | 6,515 | 6,242 | 6,538 | 6,266 | 6,890 | 6,931 | 7,080 | 6,730 | 7,292 | |
| Research & development | 1,685 | 1,748 | 1,796 | 1,840 | 1,876 | 1,967 | 1,950 | 2,097 | 2,082 | 2,187 | 2,173 | 2,311 |
| 4,181 | 4,498 | 4,365 | 4,647 | 4,311 | 4,586 | 4,261 | 4,671 | 4,748 | 4,832 | 4,399 | 4,981 | |
| Selling & marketing | 303 | 248 | 279 | 354 | 279 | 261 | 238 | 349 | 270 | 271 | 229 | 0 |
| General & administrative | 3,878 | 4,250 | 4,086 | 4,293 | 4,032 | 4,325 | 4,023 | 4,322 | 4,478 | 4,561 | 4,170 | 4,981 |
| Other expenses | 53 | 25 | 18 | 28 | 55 | −15 | 55 | 122 | 111 | 61 | 158 | 0 |
| Operating income | 2,104 | 3,995 | 1,563 | 2,434 | 2,177 | 3,901 | 1,765 | 3,086 | 2,660 | 4,849 | 2,219 | 2,615 |
| −231 | −236 | −489 | −215 | −2,979 | −595 | −607 | −489 | −230 | −706 | −832 | −136 | |
| Interest income | 156 | 143 | 210 | 217 | 170 | 150 | 191 | 172 | 150 | 132 | 152 | 0 |
| Interest expense | 412 | 405 | 432 | 427 | 429 | 424 | 455 | 510 | 492 | 478 | 473 | 486 |
| Other non-operating income | −181 | −169 | 57 | −212 | 2,550 | 171 | 152 | −21 | −262 | 228 | 359 | −350 |
| Income before tax | 1,873 | 3,759 | 1,074 | 2,219 | −802 | 3,306 | 1,158 | 2,597 | 2,430 | 4,144 | 1,387 | 2,479 |
| Income tax expense | 159 | 474 | −502 | 389 | −485 | 379 | 103 | 404 | 686 | −1,435 | 172 | 313 |
| Net income from continuing operations | 1,714 | 3,285 | 1,575 | 1,830 | −317 | 2,927 | 1,055 | 2,193 | 1,744 | 5,579 | 1,215 | 2,166 |
| Discontinued operations | −10 | 3 | 30 | 4 | −13 | −13 | 1 | 1 | 0 | 21 | 0 | −1 |
| Other adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Net income | 1,704 | 3,288 | 1,605 | 1,834 | −330 | 2,914 | 1,055 | 2,194 | 1,744 | 5,600 | 1,216 | 2,165 |
| EPS, basic | $1.87 | $3.59 | $1.75 | $1.99 | −$0.36 | $3.15 | $1.14 | $2.36 | $1.87 | $5.98 | $1.30 | $2.30 |
| EPS, diluted | $1.84 | $3.55 | $1.72 | $1.96 | −$0.36 | $3.09 | $1.12 | $2.31 | $1.84 | $5.88 | $1.28 | $2.30 |
| Weighted average shares, basic | 913 | 915 | 917 | 920 | 924 | 926 | 928 | 929 | 934 | 937 | 939 | 940 |
| Weighted average shares, diluted | 924 | 927 | 933 | 934 | 924 | 942 | 945 | 947 | 949 | 952 | 952 | 953 |
| EBITDA | 3,378 | 5,316 | 2,637 | 3,801 | 895 | 4,843 | 2,790 | 4,374 | 4,205 | 5,917 | 3,134 | 2,965 |
| Depreciation & amortization | 1,093 | 1,152 | 1,131 | 1,155 | 1,268 | 1,113 | 1,177 | 1,265 | 1,283 | 1,296 | 1,274 | 0 |
| EBIT | 2,285 | 4,164 | 1,506 | 2,646 | −373 | 3,730 | 1,613 | 3,107 | 2,922 | 4,621 | 1,860 | 2,965 |