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| Period | Revenue | YoY | Gross margin | Operating income | Net income | YoY | EPS | Op. cash flow | Capex | Free cash flow | Filed |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Q2 2026 · Jun 30 | $17.2B | +1.1% | 57.7% | — | $2.2B | −1.3% | 2.27 | $2.6B | $229M | $2.4B | Jul 23 |
| Q1 2026 · Mar 31 | $15.9B | +9.5% | 56.2% | — | $1.2B | +15.3% | 1.28 | $5.2B | $232M | $4.9B | Apr 23 |
| Q4 2025 · Dec 31derived | $19.7B | +12.1% | 60.6% | — | $5.6B | +92.2% | 5.90 | $4B | $382M | $3.7B | Feb 24 |
| Q3 2025 · Sep 30 | $16.3B | +9.1% | 57.3% | — | $1.7B | — | 1.84 | $3.1B | $255M | $2.8B | Oct 23 |
| Q2 2025 · Jun 30 | $17B | +7.7% | 58.8% | — | $2.2B | +19.6% | 2.31 | $1.7B | $210M | $1.5B | Jul 23 |
| Q1 2025 · Mar 31 | $14.5B | +0.5% | 55.2% | — | $1.1B | −34.3% | 1.12 | $4.4B | $244M | $4.1B | Apr 23 |
| Q4 2024 · Dec 31derived | $17.6B | +1.0% | 59.5% | — | $2.9B | −11.4% | 3.11 | $4.3B | $303M | $4B | Feb 24 |
| Q3 2024 · Sep 30 | $15B | +1.5% | 56.3% | — | −$330M | −119.4% | -0.36 | $2.9B | $286M | $2.6B | Oct 23 |
| Q2 2024 · Jun 30 | $15.8B | — | 56.8% | — | $1.8B | — | 1.96 | $2.1B | $220M | $1.8B | Jul 24 |
| Q1 2024 · Mar 31 | $14.5B | — | 53.5% | — | $1.6B | — | 1.72 | $4.2B | $239M | $3.9B | Apr 24 |
| Q4 2023 · Dec 31derived | $17.4B | — | 59.1% | — | $3.3B | — | 3.56 | $4.5B | $300M | $4.2B | Feb 24 |
| Q3 2023 · Sep 30 | $14.8B | — | 54.4% | — | $1.7B | — | 1.84 | $3.1B | $281M | $2.8B | Oct 30 |
| Year | Revenue | Gross margin | Operating income | Net income | Net margin | EPS | Op. cash flow | Capex | Free cash flow | Buybacks | Dividends paid |
|---|---|---|---|---|---|---|---|---|---|---|---|
| FY2025 · to Dec 31 | $67.5B | 58.2% | — | $10.6B | 15.7% | 11.17 | $13.2B | $1.1B | $12.1B | — | $6.3B |
| FY2024 · to Dec 31 | $62.8B | 56.7% | — | $6B | 9.6% | 6.43 | $13.4B | $1B | $12.4B | — | $6.1B |
| FY2023 · to Dec 31 | $61.9B | 55.4% | — | $7.5B | 12.1% | 8.14 | $13.9B | $1.2B | $12.7B | — | $6B |
| FY2022 · to Dec 31 | $60.5B | 54.0% | — | $1.6B | 2.7% | 1.80 | $10.4B | $1.3B | $9.1B | — | $5.9B |
| FY2021 · to Dec 31 | $57.4B | 54.9% | — | $5.7B | 10.0% | 6.35 | $12.8B | $2.1B | $10.7B | — | $5.9B |
| FY2020 · to Dec 31 | $55.2B | 55.9% | — | $5.6B | 10.1% | 6.23 | $18.2B | $2.6B | $15.6B | — | $5.8B |
Every number comes from INTERNATIONAL BUSINESS MACHINES CORP's own XBRL-tagged filings with the SEC, not a data vendor. Quarters marked derived are the fiscal year minus the three reported quarters, the same way every data provider computes Q4. Restated figures replace originals as later filings arrive.