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Quarterly TTM Annual
Income Balance Cash flow
7Y

Three-Statement Breakdown

IBM
2026-06-30 · figures in $M

REVENUE UP

Revenue rose 7.6% year over year to $67.5B, and carried a 15.7% net margin.

REVENUE +7.6%
67,535 +7.6% YoY
GROSS PROFIT +10.5%
39,297 58.2% MGN
NET INCOME +75.9%
10,593 15.7% MGN
EPS (DILUTED) +73.7%
$11.17 +73.7% YoY
Income statement FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 YoY
Revenue
57,714 55,179 57,350 60,530 61,860 62,753 67,535 +7.6%
Cost of revenue
(26,181) (24,314) (25,865) (27,842) (27,560) (27,201) (28,239) +3.8%
Gross profit
31,533 30,865 31,486 32,687 34,300 35,551 39,297 +10.5%
Research & development
(5,910) (6,262) (6,488) (6,567) (6,775) (7,479) (8,316) +11.2%
SG&A
(18,724) (20,561) (18,745) (18,609) (19,003) (19,688) (20,123) +2.2%
Interest expense
(1,344) (1,288) (1,155) (1,216) (1,607) (1,712) (1,935) +13.0%
Income tax
(60) -1,360 (124) -626 (1,176) -218 -242 —
Net income
9,431 5,590 5,743 1,639 7,502 6,023 10,593 +75.9%
EPS (diluted)
$10.56 $6.23 $6.35 $1.80 $8.14 $6.43 $11.17 +73.7%

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SELECTED · GROSS PROFIT · YoY BRIDGE
FROM35,551 REVENUE+4,782 COST OF REVENUE-1,038 FX & OTHER+2 TO39,297
↹ CLICK A LINE TO SELECT · ⌘F FIND LINE ITEM SRC 10-Q FILED 2026-07-23 ↗