International Business Machines Corporation's Income Statement Analysis: Revenue to Profit Breakdown
International Business Machines Corporation's Income Statement Analysis: Revenue to Profit Breakdown
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FY21
Dec 31, 2021
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FY22
Dec 31, 2022
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FY23
Dec 31, 2023
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FY24
Dec 31, 2024
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FY25
Dec 31, 2025
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TTM
Trailing 12M
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Revenue
Total sales generated. |
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$57.35 B | $60.53 B | $61.86 B | $62.75 B | $67.54 B | $68.91 B |
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Cost of Revenue Direct cost of goods/services. |
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$25.87 B | $27.84 B | $27.56 B | $27.20 B | $27.35 B | $28.28 B |
Gross Profit Revenue minus cost of revenue. |
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$31.49 B | $32.69 B | $34.30 B | $35.55 B | $40.19 B | $40.64 B |
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Operating Expense
Costs to run business. |
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$24.62 B | $24.51 B | $24.48 B | $25.48 B | $29.86 B | $29.37 B |
Research and Development Investment in innovation. |
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$6.49 B | $6.57 B | $6.78 B | $7.48 B | $8.32 B | $8.54 B |
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Sales, General and Administrative
Selling and admin costs. |
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$18.75 B | $18.61 B | $17.56 B | $17.91 B | $21.54 B | $20.28 B |
General and Administrative Corporate overhead costs. |
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$16.11 B | $16.10 B | $16.32 B | $16.74 B | $18.29 B | $19.35 B |
Sales and Marketing Customer acquisition costs. |
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$2.64 B | $2.51 B | $1.24 B | $1.17 B | $3.26 B | $924.00 M |
Other Expenses Other operating costs. |
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-$612.00 M | -$662.00 M | $145.00 M | $89.00 M | - | $551.00 M |
Operating Income Profit from operations. |
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$6.87 B | $8.17 B | $9.82 B | $10.07 B | $10.33 B | $11.27 B |
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Net Interest Income
Interest income minus expense. |
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-$1.10 B | -$1.05 B | -$937.00 M | -$965.00 M | -$1.94 B | -$1.48 B |
Interest Income Income from investments. |
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$52.00 M | $162.00 M | $670.00 M | $747.00 M | - | $474.00 M |
Interest Expense Cost of borrowing. |
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$1.16 B | $1.22 B | $1.61 B | $1.71 B | $1.94 B | $1.95 B |
Non-Operating Income (ex-Int) Income outside core operations. |
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$873.00 M | $5.80 B | -$476.00 M | $2.57 B | -$1.94 B | -$1.24 B |
Total Other Income (Net) Net non-operating items. |
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-$2.03 B | -$7.02 B | -$1.13 B | -$4.28 B | $3.00 M | -$713.00 M |
Income Before Tax Profit before taxes. |
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$4.84 B | $1.16 B | $8.69 B | $5.80 B | $10.33 B | $10.56 B |
Income Tax Expense Taxes on income. |
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$124.00 M | -$626.00 M | $1.18 B | -$218.00 M | -$242.00 M | -$173.00 M |
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Net Income
Final profit. |
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$5.74 B | $1.64 B | $7.50 B | $6.02 B | $10.59 B | $10.75 B |
Net Income From Continuing Operations Profit from core business. |
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$4.71 B | $1.78 B | $7.51 B | $6.02 B | $10.57 B | $10.73 B |
Net Income From Discontinued Operations Profit/loss from sold units. |
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$1.03 B | -$143.00 M | -$12.00 M | $8.00 M | $22.00 M | $22.00 M |
Other Adjustments to Net Income Additional accounting adjustments. |
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- | - | - | - | - | $1.00 M |
Net Income Deductions Reductions from net income. |
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-$1.00 M | $1.00 M | - | - | - | - |
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Earnings Per Share
Company profit allocated to each outstanding share. |
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EPS Earnings per share. Formula: Net Income ÷ Shares |
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$6.41 | $1.82 | $8.23 | $6.53 | $11.36 | $11.51 |
Diluted EPS EPS including dilution. Formula: Net Income ÷ Diluted Shares |
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$6.35 | $1.80 | $8.14 | $6.43 | $11.36 | $11.31 |
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Shares for EPS
Number of shares used to calculate EPS. |
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Weighted Average Shares Outst. Avg shares used for EPS. |
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895.99 M | 902.66 M | 911.21 M | 937.20 M | 932.30 M | 938.50 M |
Diluted Average Shares Outst. Shares including dilution. |
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904.64 M | 912.27 M | 922.07 M | 937.20 M | 948.70 M | 952.10 M |
| Supplemental Items | |||||||
EBIT Earnings before interest and tax. |
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$5.99 B | $2.37 B | $10.30 B | $7.51 B | $12.26 B | $12.51 B |
EBITDA Earnings before interest, tax, D&A. |
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$12.41 B | $7.17 B | $14.69 B | $12.18 B | $17.28 B | $16.33 B |
Depreciation and Amortization Non-cash expense for assets. |
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$6.42 B | $4.80 B | $4.40 B | $4.67 B | $5.02 B | $3.81 B |
| Company Report |
International Business Machines Corporation's Assets vs Liabilities & Equity
International Business Machines Corporation's Balance Sheet
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International Business Machines Corporation's Cash flow
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International Business Machines Corporation's Profitability
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International Business Machines Corporation's Ratios
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