International Business Machines Corporation (IBM) Q2 FY2026 Financial Statements: Revenue $17.16B, Net income $2.17B
More for International Business Machines: Company index · 10-K and 10-Q summary · 8-K filings and events
PeriodQ2 FY2026
Published
International Business Machines reported $17.16 billion in revenue for Q2 FY2026, the quarter ended June 30, 2026, up 1.1% from a year earlier, while net income slipped to $2.17 billion, down 1.3%, and diluted earnings per share was $2.27. Gross profit eased to $9.91 billion, down 0.7%, and research and development expense rose to $2.31 billion, up 10.2%, while a smaller tax provision cushioned the effect on net income. Infrastructure segment revenue fell to $3.83 billion, down 7.4% against a year-earlier quarter that carried the launch of the z17 mainframe, while Software segment revenue rose to $7.76 billion, up 5.1%.
| Metric | Amount | vs. year ago |
|---|---|---|
| Revenue | $17,162,000,000 | up 1.1% |
| Net income | $2,165,000,000 | down 1.3% |
| Diluted EPS | $2.27 | down 1.7% |
| Gross profit | $9,907,000,000 | down 0.7% |
| Research and development expense | $2,311,000,000 | up 10.2% |
| Software segment revenue | $7,761,000,000 | up 5.1% |
| Infrastructure segment revenue | $3,835,000,000 | down 7.4% |
About this file
| Ticker | IBM |
|---|---|
| CIK | 0000051143 |
| Company | International Business Machines Corporation |
| Business type | industrial |
| Schema template | standard (technology/industrial) plus reportable-segment revenue and segment profit |
| Reporting currency | USD |
| Converted to USD | no |
| Units | actual dollars (not millions); share counts in actual shares; per-share amounts in actual dollars |
IBM annual income statement, balance sheet and cash flow
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Fiscal year | 2025 | 2024 | 2023 |
| Label | FY2025 | FY2024 | FY2023 |
| Period start | 2025-01-01 | 2024-01-01 | 2023-01-01 |
| Period end | 2025-12-31 | 2024-12-31 | 2023-12-31 |
| Period type | fiscal year | fiscal year | fiscal year |
| Source accession | 0000051143-26-000010 | 0000051143-26-000010 | 0000051143-26-000010 |
| Income statement | |||
| Services revenue | 30,714,000,000.0 | 29,813,000,000.0 | 30,378,000,000.0 |
| Sales revenue | 36,085,000,000.0 | 32,231,000,000.0 | 30,745,000,000.0 |
| Financing revenue | 737,000,000.0 | 709,000,000.0 | 737,000,000.0 |
| Total revenue | 67,535,000,000.0 | 62,753,000,000.0 | 61,860,000,000.0 |
| Services cost | 20,975,000,000.0 | 20,529,000,000.0 | 21,051,000,000.0 |
| Sales cost | 6,861,000,000.0 | 6,303,000,000.0 | 6,127,000,000.0 |
| Financing cost | 403,000,000.0 | 369,000,000.0 | 382,000,000.0 |
| Total cost of revenue | 28,239,000,000.0 | 27,201,000,000.0 | 27,560,000,000.0 |
| Gross profit | 39,297,000,000.0 | 35,551,000,000.0 | 34,300,000,000.0 |
| Selling general and administrative expense | 20,123,000,000.0 | 19,688,000,000.0 | 19,003,000,000.0 |
| Research and development expense | 8,316,000,000.0 | 7,479,000,000.0 | 6,775,000,000.0 |
| Intellectual property and custom development income | -964,000,000.0 | -996,000,000.0 | -860,000,000.0 |
| Other income and expense | -442,000,000.0 | 1,871,000,000.0 | -914,000,000.0 |
| Interest expense | 1,935,000,000.0 | 1,712,000,000.0 | 1,607,000,000.0 |
| Total expense and other income | 28,968,000,000.0 | 29,754,000,000.0 | 25,610,000,000.0 |
| Pretax income from continuing operations | 10,328,000,000.0 | 5,797,000,000.0 | 8,690,000,000.0 |
| Income tax provision | -242,000,000.0 | -218,000,000.0 | 1,176,000,000.0 |
| Income from continuing operations | 10,571,000,000.0 | 6,015,000,000.0 | 7,514,000,000.0 |
| Income loss from discontinued operations net of tax | 22,000,000.0 | 8,000,000.0 | -12,000,000.0 |
| Net income | 10,593,000,000.0 | 6,023,000,000.0 | 7,502,000,000.0 |
| Diluted EPS continuing operations | 11.14 | 6.42 | 8.15 |
| Diluted EPS | 11.17 | 6.43 | 8.14 |
| Basic EPS continuing operations | 11.34 | 6.53 | 8.25 |
| Basic EPS | 11.36 | 6.53 | 8.23 |
| Diluted shares | 948,675,228.0 | 937,161,224.0 | 922,073,828.0 |
| Basic shares | 932,293,927.0 | 921,767,834.0 | 911,210,319.0 |
| Dividends declared and paid per share | 6.71 | 6.67 | 6.63 |
| Cash flow | |||
| Net cash provided by operating activities | 13,193,000,000.0 | 13,445,000,000.0 | 13,931,000,000.0 |
| Payments for property and equipment | -1,091,000,000.0 | -1,048,000,000.0 | -1,245,000,000.0 |
| Proceeds from disposition of property and equipment | 121,000,000.0 | 557,000,000.0 | 321,000,000.0 |
| Investment in software | -647,000,000.0 | -637,000,000.0 | -565,000,000.0 |
| Acquisition of businesses net of cash acquired | -8,294,000,000.0 | -3,289,000,000.0 | -5,082,000,000.0 |
| Net cash provided by used in investing activities | -10,302,000,000.0 | -4,937,000,000.0 | -7,070,000,000.0 |
| Cash dividends paid | -6,255,000,000.0 | -6,147,000,000.0 | -6,040,000,000.0 |
| Net cash provided by used in financing activities | -3,829,000,000.0 | -7,079,000,000.0 | -1,769,000,000.0 |
| Balance sheet | |||
| Cash and cash equivalents | 13,587,000,000.0 | 13,947,000,000.0 | |
| Restricted cash | 54,000,000.0 | 214,000,000.0 | |
| Marketable securities | 830,000,000.0 | 644,000,000.0 | |
| Total current assets | 36,944,000,000.0 | 34,482,000,000.0 | |
| Property plant and equipment net | 5,899,000,000.0 | 5,731,000,000.0 | |
| Goodwill | 67,717,000,000.0 | 60,706,000,000.0 | |
| Intangible assets net | 11,391,000,000.0 | 10,660,000,000.0 | |
| Total assets | 151,880,000,000.0 | 137,175,000,000.0 | |
| Short term debt | 6,424,000,000.0 | 5,089,000,000.0 | |
| Total current liabilities | 38,658,000,000.0 | 33,142,000,000.0 | |
| Long term debt | 54,836,000,000.0 | 49,884,000,000.0 | |
| Total liabilities | 119,139,000,000.0 | 109,783,000,000.0 | |
| Retained earnings | 155,648,000,000.0 | 151,163,000,000.0 | |
| Total ibm stockholders equity | 32,648,000,000.0 | 27,307,000,000.0 | |
| Noncontrolling interests | 93,000,000.0 | 86,000,000.0 | |
| Total equity | 32,740,000,000.0 | 27,393,000,000.0 | |
| Total debt | 61,260,000,000.0 | 54,973,000,000.0 | |
| Segments | |||
| Software | |||
| Revenue | 29,962,000,000.0 | 27,085,000,000.0 | 25,011,000,000.0 |
| Segment profit | 9,920,000,000.0 | 8,684,000,000.0 | 7,499,000,000.0 |
| Consulting | |||
| Revenue | 21,055,000,000.0 | 20,692,000,000.0 | 20,884,000,000.0 |
| Segment profit | 2,464,000,000.0 | 2,054,000,000.0 | 2,130,000,000.0 |
| Infrastructure | |||
| Revenue | 15,718,000,000.0 | 14,020,000,000.0 | 14,593,000,000.0 |
| Segment profit | 3,458,000,000.0 | 2,450,000,000.0 | 2,828,000,000.0 |
| Financing | |||
| Revenue | 737,000,000.0 | 713,000,000.0 | 741,000,000.0 |
| Segment profit | 521,000,000.0 | 348,000,000.0 | 373,000,000.0 |
| Total reportable segments | |||
| Revenue | 67,472,000,000.0 | 62,510,000,000.0 | 61,229,000,000.0 |
| Segment profit | 16,364,000,000.0 | 13,535,000,000.0 | 12,829,000,000.0 |
| Other divested businesses revenue | -2,000,000.0 | 35,000,000.0 | 397,000,000.0 |
| Other revenue | 65,000,000.0 | 207,000,000.0 | 235,000,000.0 |
| Total revenue | 67,535,000,000.0 | 62,753,000,000.0 | 61,860,000,000.0 |
| Total reportable segment profit | 16,364,000,000.0 | 13,535,000,000.0 | 12,829,000,000.0 |
| Total pretax income from continuing operations | 10,328,000,000.0 | 5,797,000,000.0 | 8,690,000,000.0 |
| Non GAAP | |||
| Free cash flow company defined | 14,734,000,000.0 | 12,700,000,000.0 | 11,200,000,000.0 |
| Net cash from operating activities excluding financing receivables | 16,400,000,000.0 | 13,900,000,000.0 | 12,700,000,000.0 |
| Non GAAP source accession | 0000051143-26-000010 | 0000051143-26-000010 | 0000051143-26-000010 |
IBM quarterly income statement, balance sheet and cash flow
| Q2 FY2026 | Q2 FY2025 | |
|---|---|---|
| Fiscal year | 2026 | 2025 |
| Fiscal quarter | 2 | 2 |
| Label | Q2 FY2026 | Q2 FY2025 |
| Period start | 2026-04-01 | 2025-04-01 |
| Period end | 2026-06-30 | 2025-06-30 |
| Period type | three months | three months |
| Source accession | 0000051143-26-000078 | 0000051143-26-000078 |
| Income statement | ||
| Services revenue | 7,927,000,000.0 | 7,682,000,000.0 |
| Sales revenue | 9,049,000,000.0 | 9,129,000,000.0 |
| Financing revenue | 186,000,000.0 | 166,000,000.0 |
| Total revenue | 17,162,000,000.0 | 16,977,000,000.0 |
| Services cost | 5,294,000,000.0 | 5,280,000,000.0 |
| Sales cost | 1,854,000,000.0 | 1,630,000,000.0 |
| Financing cost | 107,000,000.0 | 90,000,000.0 |
| Total cost of revenue | 7,255,000,000.0 | 7,001,000,000.0 |
| Gross profit | 9,907,000,000.0 | 9,977,000,000.0 |
| Selling general and administrative expense | 4,981,000,000.0 | 5,027,000,000.0 |
| Research and development expense | 2,311,000,000.0 | 2,097,000,000.0 |
| Intellectual property and custom development income | -166,000,000.0 | -215,000,000.0 |
| Other income and expense | -185,000,000.0 | -39,000,000.0 |
| Interest expense | 486,000,000.0 | 510,000,000.0 |
| Total expense and other income | 7,428,000,000.0 | 7,380,000,000.0 |
| Pretax income from continuing operations | 2,479,000,000.0 | 2,597,000,000.0 |
| Income tax provision | 313,000,000.0 | 404,000,000.0 |
| Income from continuing operations | 2,166,000,000.0 | 2,193,000,000.0 |
| Income loss from discontinued operations net of tax | -1,000,000.0 | 1,000,000.0 |
| Net income | 2,165,000,000.0 | 2,194,000,000.0 |
| Diluted EPS continuing operations | 2.27 | 2.31 |
| Diluted EPS | 2.27 | 2.31 |
| Basic EPS continuing operations | 2.3 | 2.36 |
| Basic EPS | 2.3 | 2.36 |
| Diluted shares | 953,300,000.0 | 948,000,000.0 |
| Basic shares | 941,200,000.0 | 930,800,000.0 |
| Dividends declared and paid per share | 1.69 | 1.68 |
| Cash flow | ||
| Net cash provided by operating activities | 2,597,000,000.0 | 1,701,000,000.0 |
| Payments for property and equipment | -229,000,000.0 | -209,000,000.0 |
| Proceeds from disposition of property and equipment | 23,000,000.0 | 37,000,000.0 |
| Investment in software | -154,000,000.0 | -164,000,000.0 |
| Acquisition of businesses net of cash acquired | -15,000,000.0 | -747,000,000.0 |
| Net cash provided by used in investing activities | -481,000,000.0 | 1,698,000,000.0 |
| Cash dividends paid | -1,590,000,000.0 | -1,563,000,000.0 |
| Net cash provided by used in financing activities | -5,728,000,000.0 | -2,855,000,000.0 |
| Cash flow source accession | 0000051143-26-000077 | 0000051143-26-000077 |
| Balance sheet | ||
| Cash and cash equivalents | 7,172,000,000.0 | |
| Restricted cash | 45,000,000.0 | |
| Marketable securities | 960,000,000.0 | |
| Total current assets | 28,398,000,000.0 | |
| Property plant and equipment net | 5,736,000,000.0 | |
| Goodwill | 74,599,000,000.0 | |
| Intangible assets net | 13,955,000,000.0 | |
| Total assets | 152,099,000,000.0 | |
| Short term debt | 5,775,000,000.0 | |
| Total current liabilities | 35,912,000,000.0 | |
| Long term debt | 56,212,000,000.0 | |
| Total liabilities | 117,558,000,000.0 | |
| Retained earnings | 155,937,000,000.0 | |
| Total ibm stockholders equity | 34,452,000,000.0 | |
| Noncontrolling interests | 89,000,000.0 | |
| Total equity | 34,541,000,000.0 | |
| Total debt | 61,987,000,000.0 | |
| Segments | ||
| Software | ||
| Revenue | 7,761,000,000.0 | 7,387,000,000.0 |
| Segment profit | 2,502,000,000.0 | 2,296,000,000.0 |
| Consulting | ||
| Revenue | 5,327,000,000.0 | 5,314,000,000.0 |
| Segment profit | 647,000,000.0 | 562,000,000.0 |
| Infrastructure | ||
| Revenue | 3,835,000,000.0 | 4,142,000,000.0 |
| Segment profit | 835,000,000.0 | 965,000,000.0 |
| Financing | ||
| Revenue | 186,000,000.0 | 166,000,000.0 |
| Segment profit | 108,000,000.0 | 179,000,000.0 |
| Total reportable segments | ||
| Revenue | 17,110,000,000.0 | 17,009,000,000.0 |
| Segment profit | 4,092,000,000.0 | 4,003,000,000.0 |
| Other revenue | 52,000,000.0 | -31,000,000.0 |
| Total revenue | 17,162,000,000.0 | 16,977,000,000.0 |
| Total reportable segment profit | 4,092,000,000.0 | 4,003,000,000.0 |
| Total pretax income from continuing operations | 2,479,000,000.0 | 2,597,000,000.0 |
| Non GAAP | ||
| Free cash flow company defined | 2,540,000,000.0 | 2,845,000,000.0 |
| Net cash from operating activities excluding financing receivables | 2,899,000,000.0 | 3,182,000,000.0 |
| Non GAAP source accession | 0000051143-26-000077 | 0000051143-26-000077 |
IBM year-to-date income statement and cash flow
| Six months ended June 30, 2026 | |
|---|---|
| Label | Six months ended June 30, 2026 |
| Period start | 2026-01-01 |
| Period end | 2026-06-30 |
| Period type | six months |
| Source accession | 0000051143-26-000078 |
| Income statement | |
| Services revenue | 15,615,000,000.0 |
| Sales revenue | 17,058,000,000.0 |
| Financing revenue | 406,000,000.0 |
| Total revenue | 33,079,000,000.0 |
| Services cost | 10,538,000,000.0 |
| Sales cost | 3,453,000,000.0 |
| Financing cost | 232,000,000.0 |
| Total cost of revenue | 14,222,000,000.0 |
| Gross profit | 18,857,000,000.0 |
| Selling general and administrative expense | 10,071,000,000.0 |
| Research and development expense | 4,485,000,000.0 |
| Intellectual property and custom development income | -338,000,000.0 |
| Other income and expense | -186,000,000.0 |
| Interest expense | 959,000,000.0 |
| Total expense and other income | 14,991,000,000.0 |
| Pretax income from continuing operations | 3,866,000,000.0 |
| Income tax provision | 484,000,000.0 |
| Income from continuing operations | 3,382,000,000.0 |
| Income loss from discontinued operations net of tax | -1,000,000.0 |
| Net income | 3,381,000,000.0 |
| Diluted EPS continuing operations | 3.55 |
| Diluted EPS | 3.55 |
| Basic EPS continuing operations | 3.6 |
| Basic EPS | 3.6 |
| Diluted shares | 952,700,000.0 |
| Basic shares | 939,900,000.0 |
| Dividends declared and paid per share | 3.37 |
| Cash flow | |
| Net cash provided by operating activities | 7,766,000,000.0 |
| Payments for property and equipment | -461,000,000.0 |
| Proceeds from disposition of property and equipment | 31,000,000.0 |
| Investment in software | -313,000,000.0 |
| Acquisition of businesses net of cash acquired | -10,480,000,000.0 |
| Net cash provided by used in investing activities | -10,970,000,000.0 |
| Cash dividends paid | -3,166,000,000.0 |
| Net cash provided by used in financing activities | -3,008,000,000.0 |
| Segments | |
| Software | |
| Revenue | 14,813,000,000.0 |
| Segment profit | 4,601,000,000.0 |
| Consulting | |
| Revenue | 10,599,000,000.0 |
| Segment profit | 1,205,000,000.0 |
| Infrastructure | |
| Revenue | 7,161,000,000.0 |
| Segment profit | 1,360,000,000.0 |
| Financing | |
| Revenue | 406,000,000.0 |
| Segment profit | 226,000,000.0 |
| Total reportable segments | |
| Revenue | 32,979,000,000.0 |
| Segment profit | 7,392,000,000.0 |
| Other revenue | 100,000,000.0 |
| Total revenue | 33,079,000,000.0 |
| Total reportable segment profit | 7,392,000,000.0 |
| Total pretax income from continuing operations | 3,866,000,000.0 |
| Non GAAP | |
| Free cash flow company defined | 4,760,000,000.0 |
| Net cash from operating activities excluding financing receivables | 5,503,000,000.0 |
| Non GAAP source accession | 0000051143-26-000077 |
IBM trailing twelve month income statement and cash flow
| Trailing twelve months ended June 30, 2026 | |
|---|---|
| Label | Trailing twelve months ended June 30, 2026 |
| Period start | 2025-07-01 |
| Period end | 2026-06-30 |
| Period type | trailing twelve months |
| Source accession | 0000051143-26-000010; 0000051143-26-000078 |
| Derivation | FY2025 as reported in the FY2025 10-K (accession 0000051143-26-000010), plus the six months ended June 30, 2026, less the six months ended June 30, 2025, both as reported in the Q2 2026 10-Q (accession 0000051143-26-000078). Not a figure the company publishes. |
| Income statement | |
| Total revenue | 69,095,000,000.0 |
| Total cost of revenue | 28,950,000,000.0 |
| Gross profit | 40,146,000,000.0 |
| Pretax income from continuing operations | 10,439,000,000.0 |
| Income from continuing operations | 10,705,000,000.0 |
| Net income | 10,725,000,000.0 |
| Cash flow | |
| Net cash provided by operating activities | 14,888,000,000.0 |
| Payments for property and equipment | -1,098,000,000.0 |
| Investment in software | -646,000,000.0 |
| Cash dividends paid | -6,309,000,000.0 |
Adjustments
| Value | |
|---|---|
| Splits applied | none |
| ADR ratio | n/a |
| FX | n/a |
| Note | No adjustment of any kind has been applied. IBM reports in US dollars and files as a domestic registrant, so no currency conversion arises, and its shares are ordinary common stock rather than depositary receipts, so no ADS ratio applies. The company's own filings record no stock split in any period presented here; a 1.046-to-1 factor dated November 2021 that appears in market-data split histories is not confirmed by IBM's filings and falls outside every period in this record. Per-share figures are therefore exactly as the filings print them. |
Prior year to date
| Six months ended June 30, 2025 | |
|---|---|
| Label | Six months ended June 30, 2025 |
| Period start | 2025-01-01 |
| Period end | 2025-06-30 |
| Period type | six months |
| Source accession | 0000051143-26-000078 |
| Income statement | |
| Services revenue | 14,962,000,000.0 |
| Sales revenue | 16,199,000,000.0 |
| Financing revenue | 357,000,000.0 |
| Total revenue | 31,519,000,000.0 |
| Services cost | 10,282,000,000.0 |
| Sales cost | 3,034,000,000.0 |
| Financing cost | 194,000,000.0 |
| Total cost of revenue | 13,511,000,000.0 |
| Gross profit | 18,008,000,000.0 |
| Selling general and administrative expense | 9,913,000,000.0 |
| Research and development expense | 4,047,000,000.0 |
| Intellectual property and custom development income | -468,000,000.0 |
| Other income and expense | -204,000,000.0 |
| Interest expense | 965,000,000.0 |
| Total expense and other income | 14,253,000,000.0 |
| Pretax income from continuing operations | 3,755,000,000.0 |
| Income tax provision | 507,000,000.0 |
| Income from continuing operations | 3,248,000,000.0 |
| Income loss from discontinued operations net of tax | 1,000,000.0 |
| Net income | 3,249,000,000.0 |
| Diluted EPS continuing operations | 3.43 |
| Diluted EPS | 3.43 |
| Basic EPS continuing operations | 3.49 |
| Basic EPS | 3.5 |
| Diluted shares | 946,700,000.0 |
| Basic shares | 929,400,000.0 |
| Dividends declared and paid per share | 3.35 |
| Cash flow | |
| Net cash provided by operating activities | 6,071,000,000.0 |
| Payments for property and equipment | -454,000,000.0 |
| Proceeds from disposition of property and equipment | 111,000,000.0 |
| Investment in software | -314,000,000.0 |
| Acquisition of businesses net of cash acquired | -7,845,000,000.0 |
| Net cash provided by used in investing activities | -11,281,000,000.0 |
| Cash dividends paid | -3,112,000,000.0 |
| Net cash provided by used in financing activities | 2,589,000,000.0 |
| Segments | |
| Software | |
| Revenue | 13,722,000,000.0 |
| Segment profit | 4,143,000,000.0 |
| Consulting | |
| Revenue | 10,382,000,000.0 |
| Segment profit | 1,121,000,000.0 |
| Infrastructure | |
| Revenue | 7,027,000,000.0 |
| Segment profit | 1,213,000,000.0 |
| Financing | |
| Revenue | 357,000,000.0 |
| Segment profit | 248,000,000.0 |
| Total reportable segments | |
| Revenue | 31,489,000,000.0 |
| Segment profit | 6,725,000,000.0 |
| Other revenue | 30,000,000.0 |
| Total revenue | 31,519,000,000.0 |
| Total reportable segment profit | 6,725,000,000.0 |
| Total pretax income from continuing operations | 3,755,000,000.0 |
| Non GAAP | |
| Free cash flow company defined | 4,808,000,000.0 |
| Net cash from operating activities excluding financing receivables | 5,465,000,000.0 |
| Non GAAP source accession | 0000051143-26-000077 |
Notes
- Annual figures come from the FY2025 10-K, accession 0000051143-26-000010. That 10-K's Items 7, 7A and 8 are incorporated by reference from IBM's 2025 Annual Report to Stockholders, filed as Exhibit 13 to the same accession; the audited consolidated statements and notes used here are in that exhibit and are cited to the 10-K's accession.
- Quarterly income statement, balance sheet and segment figures come from the 10-Q for the quarter ended June 30, 2026, accession 0000051143-26-000078.
- Cash flow provenance: the 10-Q presents its consolidated statement of cash flows for the six months only. Every three-month cash flow figure in the quarterly entries is taken from the statement of cash flows in Exhibit 99.1 to the 8-K furnished on July 22, 2026, accession 0000051143-26-000077, and each quarterly entry carries that accession in cash_flow_source_accession. The six-month cash flow figures come from the 10-Q itself. That exhibit footnotes its 2025 cash flow columns as "Reclassified to align with the Consolidated Statement of Cash Flows presentation."
- Balance sheet coverage follows what the filings print. The 10-K presents balance sheets at December 31, 2025 and December 31, 2024 only, so FY2023 carries income statement, cash flow and segment figures and no balance sheet. The 10-Q presents balance sheets at June 30, 2026 and December 31, 2025, so the Q2 FY2025 entry carries no balance sheet: no June 30, 2025 balance sheet appears in either filing.
- total_debt is the sum of the short-term debt and long-term debt lines as printed on the balance sheet; the company does not print a combined total.
- Sign convention follows the filings. Within "Total expense and other (income)", intellectual property and custom development income and other (income) and expense are printed in parentheses when they reduce expense and are recorded here as negative amounts. "Provision for/(benefit from) income taxes" is likewise negative in FY2025 and FY2024, where IBM recorded a net tax benefit rather than a charge.
- Segment figures are IBM's management system segment view for its four reportable segments (Software, Consulting, Infrastructure, Financing). Segment revenue for Financing differs slightly from the Financing revenue line on the income statement in 2024 and 2023 ($713 million and $741 million in the segment view against $709 million and $737 million on the income statement) because the segment view reflects intercompany financing activity that is eliminated in the consolidated results. Each segments block also carries the filing's own reconciliations: reportable-segment revenue plus other revenue to total revenue, and total reportable segment profit to pre-tax income from continuing operations.
- Segment profit is the company's own performance measure, not a GAAP subtotal, and it is not struck against the consolidated income statement lines. IBM does not present an operating income line, so none is reported here.
- Free cash flow is a non-GAAP measure as IBM defines it, net cash from operating activities less the change in Financing receivables and net capital expenditures, including investment in software and other asset sales, and is therefore NOT net cash from operating activities less capital expenditures. It is kept in a separate non_gaap block, alongside net cash from operating activities excluding IBM Financing receivables, so it can never be read as a GAAP line. The GAAP cash flow block carries operating cash flow and the capital spending lines exactly as the statements print them.
- Precision of the annual non-GAAP free cash flow differs by year, because the filing's precision does. FY2025 is stated as $14,734 million in the annual report's Management Discussion. FY2024 and FY2023 appear only in the company's cash-flow view table, which is stated in billions, so they are carried at that table's precision of $12.7 billion and $11.2 billion. The quarterly and six-month free cash flow figures are printed in millions in the July 22, 2026 earnings release exhibit.
- Dividends per share are the amounts printed in the consolidated statement of equity, which states each period's dividend as "Cash dividends paid, common stock ($X per share)".
- The trailing twelve months block is derived, not published by the company: FY2025 as reported in the 10-K, plus the six months ended June 30, 2026, less the six months ended June 30, 2025, both as reported in the 10-Q. It carries income statement and cash flow lines only; balance sheet items are point-in-time and are on the June 30, 2026 quarter instead.
- year_to_date and prior_year_to_date are the six-month columns the 10-Q prints beside the quarter. They are not quarters and are kept out of the quarterly list.
Uncertainties
- FY2024 and FY2023 company-defined free cash flow are carried at the $0.1 billion precision of the table that prints them; a figure stated to the nearest million is not published for those two years in this 10-K.
- No balance sheet as of June 30, 2025 is printed in either filing, so the Q2 FY2025 entry has none. Its year-over-year balance sheet comparison is not available from these filings.
- The three-month 2025 cash flow column used for Q2 FY2025 comes from the comparative column of the July 22, 2026 earnings release exhibit, which footnotes those 2025 amounts as reclassified to align with the consolidated statement of cash flows presentation. They are not the figures as originally furnished in July 2025.
- IBM's "Other revenue" and "Other, divested businesses" reconciling items are carried inside the segments block as printed. They are reconciling amounts, not a fifth reportable segment, and the Other revenue line was negative in the second quarter of 2025.
- Trailing twelve months figures are arithmetic combinations of two filings' columns rather than a period any filing presents, and small differences from a directly computed figure can arise from the rounding each filing applies.
- Segment revenue and segment profit are measured on the company's internal management system basis and its composition can change between years; the Financing segment's 2024 and 2023 revenue differs from the income statement's Financing revenue line for that reason.
Company details
| Value | |
|---|---|
| Name | International Business Machines Corp |
| Ticker | IBM |
| CIK | 0000051143 |
| Exchange | NYSE |
| State | New York |
| Incorporation | New York |
| SIC | 3570 |
| Office | Technology |
| Industry | Computer & office Equipment |
Fiscal period
| FY2026 | |
|---|---|
| Fiscal year | 2026 |
| Fiscal period | Q2 |
| Tag | FY26Q2 |
| Period end | 2026-06-30 |
| Form | 10-Q |
| Accession | 0000051143-26-000078 |
| Fiscal year end | 1231 |
| Source | facts |
Source filings
| Role | Current | Form | Fiscal year | Fiscal period | Tag | Period end | Filed | Accession | Url | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| annual | no | 10-K | 2025 | FY | FY25 | 2025-12-31 | 2026-02-24 | 0000051143-26-000010 | https://www.sec.gov/Archives/edgar/data/51143/000005114326000010/0000051143-26-000010-index.htm | reported |
| quarterly | yes | 10-Q | 2026 | Q2 | FY26Q2 | 2026-06-30 | 2026-07-23 | 0000051143-26-000078 | https://www.sec.gov/Archives/edgar/data/51143/000005114326000078/0000051143-26-000078-index.htm | facts |
FAQ · International Business Machines financial statements
How much revenue did IBM report in Q2 FY2026?
International Business Machines reported $17.16 billion in revenue for Q2 FY2026, the quarter ended June 30, 2026. That is up 1.1% from $16.98 billion in the same quarter a year earlier.
How much did IBM earn in Q2 FY2026?
International Business Machines earned $2.17 billion in net income in Q2 FY2026, down 1.3% from $2.19 billion a year earlier, on diluted earnings per share of $2.27 against $2.31. Earnings fell even though revenue grew.
Why did IBM's profit fall in Q2 FY2026 even though revenue grew?
Revenue at International Business Machines was up 1.1% in Q2 FY2026, but research and development expense rose to $2.31 billion, up 10.2% from $2.10 billion, a bigger swing in dollars than the slip in gross profit to $9.91 billion, down 0.7%. Savings in selling and administrative expense and in interest costs, higher other income and a smaller tax provision absorbed most of that, leaving net income at $2.17 billion, down 1.3% from $2.19 billion.
How did IBM's Software and Infrastructure segments perform in Q2 FY2026?
Software segment revenue at International Business Machines was $7.76 billion in Q2 FY2026, up 5.1% from $7.39 billion a year earlier, while Infrastructure segment revenue was $3.83 billion, down 7.4% from $4.14 billion. Software was the larger of the two and carried the quarter's growth.
Where can I get International Business Machines Corporation (IBM) financial data in machine-readable form?
Ticker Scout publishes International Business Machines Corporation's financial statements as JSON at https://tickerscout.ai/ibm/financials.json, free, with no API key and no signup. The 10-K and 10-Q narrative and the 8-K events digest are published as Markdown at https://tickerscout.ai/ibm/narrative.md and https://tickerscout.ai/ibm/events.md. International Business Machines Corporation's SEC CIK is 0000051143. Every figure cites the SEC accession number it came from, so it can be checked against sec.gov.
When does International Business Machines Corporation (IBM) next file with the SEC?
International Business Machines Corporation (IBM) is expected to file its next Form 10-Q with the SEC on or around October 22, 2026. That date is a projection rather than a company-announced date: it is derived from International Business Machines Corporation's own filing history with the SEC, by taking the date the company filed the same fiscal period a year earlier and adding 52 weeks. The most recent periodic report on file is the 10-Q for Q2 FY2026, the period ended 2026-06-30, SEC accession 0000051143-26-000078.
Related companies
How this page was built
This page was built from three of International Business Machines Corporation's own filings with the SEC, read one at a time. Nothing on it is taken from a pre-tagged dataset, a data vendor or another website. The figures are on the company's own fiscal calendar and in actual dollars, as the filings report them. Where the filings do not support a figure, the record says so instead of reporting a zero; this period names six such gaps.
A single company files thousands of pages with the SEC in a year, and no two companies file them the same way, so the reading and the assembly here are done by AI rather than by rules that break on the differences. Every pass is then audited back against the filings it came from before the page is published, and anything the filings do not support is left out and named rather than filled in. AI can still make mistakes. That is why the accession numbers are printed: the filing is the authority, and this page is a route to it.
Published by Ticker Scout, an independent publisher of company filings data. About Ticker Scout · Disclaimer
Built from International Business Machines Corporation's SEC filings by Ticker Scout; accession numbers are cited throughout so every figure can be checked against sec.gov. Free to cite with attribution: Ticker Scout (tickerscout.ai). Not investment advice, see the Disclaimer.