← INTERNATIONAL BUSINESS MACHINES CORP

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 TTM
Total Revenue $79.9b
$79.1b -0.98%
$79.6b +0.57%
$77.1b -3.07%
$73.6b -4.57%
$57.4b -22.10%
$60.5b +5.54%
$61.9b +2.20%
$62.8b +1.44%
$67.5b +7.62%
$69.1b +2.31%
Interest Revenue (Expense), Net — — — — — — — — ($984.0m) — —
Cost of Revenue $41.6b
$42.9b +3.09%
$42.7b -0.60%
$40.7b -4.68%
$38.0b -6.43%
$25.9b -32.02%
$27.8b +7.64%
$27.6b -1.01%
$27.2b -1.30%
$28.2b +3.82%
$28.9b +2.52%
Gross Profit $38.3b
$36.2b -5.40%
$36.9b +1.96%
$36.5b -1.21%
$35.6b -2.50%
$31.5b -11.49%
$32.7b +3.81%
$34.3b +4.93%
$35.6b +3.65%
$39.3b +10.54%
$40.1b +2.16%
Research and Development Expense $5.8b $5.8b $5.4b $6.0b $6.3b $6.5b $6.6b $6.8b $7.5b $8.3b $8.8b
Selling, General and Administrative Expense $21.1b $20.1b $19.4b $20.6b $23.1b $18.7b $18.6b $19.0b $19.7b $20.1b $18.1b
Marketing and Advertising Expense $1.3b $1.4b $1.5b $1.6b $1.5b $1.4b $1.3b $1.2b $1.2b $1.1b —
Amortization of Intangible Assets $1.5b $1.5b $1.4b $1.9b $2.5b $2.5b $2.4b $2.3b $2.5b $2.7b —
Operating Lease, Lease Income — — — $324.0m $260.0m $169.0m $116.0m $93.0m $60.0m $43.0m —
Operating expenses:
Interest Expense $630.0m $615.0m $723.0m $1.3b $1.3b $1.2b $1.2b $1.6b $1.7b $1.9b $1.9b
Interest Income, Other — — — — — — $162.0m $670.0m $747.0m $645.0m $520.0m
Debt and Equity Securities, Realized Gain (Loss) — — — — — — ($278.0m) $39.0m $20.0m ($7.0m) —
Foreign Currency Transaction Gain (Loss), before Tax — — — — — — $643.0m ($116.0m) $458.0m ($993.0m) —
Gain (Loss) on Derivative Instruments, Net, Pretax — — — — — — — — ($515.0m) $641.0m —
Other Nonoperating Income (Expense) — — — — — — $443.0m $266.0m $877.0m $221.0m —
Income (Loss) from Continuing Operations before Income Taxes, Domestic $3.6b $560.0m $627.0m ($315.0m) ($1.7b) ($2.7b) ($6.6b) ($227.0m) ($3.4b) ($236.0m) $10.4b
Income from continuing operations before income taxes $12.3b $11.4b $11.3b $10.2b $4.6b $4.8b $1.2b $8.7b $5.8b $10.3b —
Provision for/(benefit from) income taxes $449.0m $5.6b $2.6b $731.0m ($864.0m) $124.0m ($626.0m) $1.2b ($218.0m) ($242.0m) —
Net Income (Loss) from Continuing Operations Available to Common Shareholders, Basic $11.9b $5.8b $8.7b $9.4b $5.5b $4.7b $1.8b $7.5b $6.0b $10.6b $10.7b
Net Income (Loss) Attributable to Parent $11.9b
$5.8b -51.54%
$8.7b +51.71%
$9.4b +8.05%
$5.6b -40.73%
$5.7b +2.74%
$1.6b -71.46%
$7.5b +357.72%
$6.0b -19.71%
$10.6b +75.88%
$10.7b +1.25%
Income (Loss) from Continuing Operations, Per Basic Share $12 $6 $10 $11 $6 $5 $2 $8 $7 $11 —
Income (Loss) from Continuing Operations, Per Diluted Share $12 $6 $10 $11 $6 $5 $2 $8 $6 $11 —
Earnings Per Share, Basic $11.36 $5.64 $8.75 $9.72 $5.74 $6.41 $1.82 $8.23 $6.53 $11.36 $11.46
Earnings Per Share, Diluted $11.32 $5.61 $8.70 $9.65 $5.69 $6.35 $1.80 $8.14 $6.43 $11.17 $11.29
Continuing operations (in dollars per share) $11.37 $5.64 $8.74 $9.72 $5.65 $5.26 $1.97 $8.25 $6.53 $11.34 —
Discontinued operations (in dollars per share) ($0.01) $0.00 $0.01 $0.00 $0.09 $1.15 ($0.16) ($0.01) $0.01 $0.02 —
Assuming dilution (in shares) $958.7m $937.4m $916.3m $892.8m $896.6m $904.6m $912.3m $922.1m $937.2m $948.7m —
Basic (in shares) $955.4m $932.8m $912.0m $887.2m $890.3m $896.0m $902.7m $911.2m $921.8m $932.3m $937.5m
Weighted Average Number of Shares Outstanding, Basic 1.0b 1.0b 997.9m 970.7m 974.1m 896.0m 902.7m 911.2m 921.8m 932.3m 937.5m
Weighted Average Number of Shares Outstanding, Diluted 1.0b 1.0b 1.0b 976.8m 980.9m 904.6m 912.3m 922.1m 937.2m 948.7m 951.7m
Additional Financial Items
Goodwill, Impairment Loss $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 —
Lease Income — — — $1.6b $1.5b $1.5b $1.7b $1.4b $1.1b $2.1b —
Reclassification from AOCI, Current Period, before Tax, Attributable to Parent — — — — — — — $189.0m ($7.0m) $557.0m —
Sales-type Lease, Selling Profit (Loss) — — — $918.0m $917.0m $1.1b $1.3b $1.0b $689.0m $1.7b —
Intellectual property and custom development income ($1.6b) ($1.5b) ($1.0b) ($648.0m) ($626.0m) ($612.0m) ($663.0m) ($860.0m) ($996.0m) ($964.0m) —
Other (income) and expense $145.0m ($216.0m) $1.2b ($968.0m) $861.0m $873.0m $5.8b ($914.0m) $1.9b ($442.0m) —
Income from continuing operations $11.9b $5.8b $8.7b $9.4b $5.5b $4.7b $1.8b $7.5b $6.0b $10.6b —
Income/(loss) from discontinued operations, net of tax ($9.0m) ($5.0m) $5.0m ($4.0m) $89.0m $1.0b ($143.0m) ($12.0m) $8.0m $22.0m —
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent $11.9b $5.8b $8.7b $9.4b $5.5b $4.7b $1.8b $7.5b $6.0b $10.6b —
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $11.9b — — — — — — — — — —
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest ($9.0m) — — — — — — — — — —
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent ($9.0m) ($5.0m) $5.0m ($4.0m) $89.0m $1.0b ($143.0m) ($12.0m) $8.0m $22.0m —
Total expense and other (income) $26.0b $24.8b $25.6b $26.3b $30.9b $26.6b $31.5b $25.6b $29.8b $29.0b —

Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.