IBM Financials

Income Statement
MetricQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025
Revenue
17.2B
+7.8%
15.9B
-19.1%
19.7B
+20.5%
16.3B
-3.8%
17.0B
Cost of Revenue
7.3B
+4.1%
7.0B
-10.2%
7.8B
+11.3%
7.0B
-0.4%
7.0B
Gross Profit
9.9B
+10.7%
8.9B
-25.0%
11.9B
+27.4%
9.4B
-6.2%
10.0B
Operating Expenses
6.9B
-2.1%
7.1B
-3.0%
7.3B
+13.5%
6.4B
-6.3%
6.9B
R&D
2.3B
+6.4%
2.2B
-24.4%
2.9B
+54.3%
1.9B
-11.2%
2.1B
SG&A
5.0B
-2.1%
5.1B
-6.8%
5.5B
+15.0%
4.7B
-5.6%
5.0B
Operating Income
3.0B
+59.5%
1.9B
-59.7%
4.6B
+58.1%
2.9B
-5.9%
3.1B
EBITDA
4.3B
+37.7%
3.1B
-47.0%
5.9B
+40.7%
4.2B
-3.8%
4.4B
Net Income
2.2B
+78.2%
1.2B
-78.3%
5.6B
+221.0%
1.7B
-20.5%
2.2B
EPS (Basic)
$2.30
+79.7%
$1.28
-79.3%
$6.19
+236.4%
$1.84
-22.0%
$2.36
EPS (Diluted)
$2.27
+74.6%
$1.30
-77.2%
$5.69
+204.3%
$1.87
-19.0%
$2.31
Shares (Diluted)
953.3M
+1.6%
938.5M
-4.7%
984.9M
+5.5%
933.9M
-1.5%
948.0M
International Business Machines (IBM) โ€” Financials