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10-K

Annual Report

INTERNATIONAL BUSINESS MACHINES CORP IBM

0000051143-26-000010

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Filed
Feb 24, 2026 12:00 AM ET
Period of report

On SEC.gov

Financials in this filing

Metric Period Value
Shares Outstanding FY 2025 · Feb 10, 2026 938.03M sh
Shares Diluted FY 2025 · Dec 31, 2025 948.68M sh
Shares Diluted FY 2025 · Dec 31, 2024 937.16M sh
Shares Diluted FY 2025 · Dec 31, 2023 922.07M sh
Dividends Paid FY 2025 · Dec 31, 2025 $6.26B
Dividends Paid FY 2025 · Dec 31, 2024 $6.15B
Dividends Paid FY 2025 · Dec 31, 2023 $6.04B
Capex FY 2025 · Dec 31, 2025 $1.09B
Capex FY 2025 · Dec 31, 2024 $1.05B
Capex FY 2025 · Dec 31, 2023 $1.25B
Operating Cash Flow FY 2025 · Dec 31, 2025 $13.19B
Operating Cash Flow FY 2025 · Dec 31, 2024 $13.45B
Operating Cash Flow FY 2025 · Dec 31, 2023 $13.93B
Long Term Debt FY 2025 · Dec 31, 2025 $54.84B
Long Term Debt FY 2025 · Dec 31, 2024 $49.88B
Short Term Debt FY 2025 · Dec 31, 2025 $6.42B
Short Term Debt FY 2025 · Dec 31, 2024 $5.09B
Cash And Equivalents FY 2025 · Dec 31, 2025 $13.59B
Cash And Equivalents FY 2025 · Dec 31, 2024 $13.95B
Stockholders Equity FY 2025 · Dec 31, 2025 $32.65B
Stockholders Equity FY 2025 · Dec 31, 2024 $27.31B
Current Liabilities FY 2025 · Dec 31, 2025 $38.66B
Current Liabilities FY 2025 · Dec 31, 2024 $33.14B
Total Liabilities FY 2025 · Dec 31, 2025 $119.14B
Total Liabilities FY 2025 · Dec 31, 2024 $109.78B
Current Assets FY 2025 · Dec 31, 2025 $36.94B
Current Assets FY 2025 · Dec 31, 2024 $34.48B
Total Assets FY 2025 · Dec 31, 2025 $151.88B
Total Assets FY 2025 · Dec 31, 2024 $137.18B
Eps Diluted FY 2025 · Dec 31, 2025 $11.17
Eps Diluted FY 2025 · Dec 31, 2024 $6.43
Eps Diluted FY 2025 · Dec 31, 2023 $8.14
Eps Basic FY 2025 · Dec 31, 2025 $11.36
Eps Basic FY 2025 · Dec 31, 2024 $6.53
Eps Basic FY 2025 · Dec 31, 2023 $8.23
Sga Expense FY 2025 · Dec 31, 2025 $20.12B
Sga Expense FY 2025 · Dec 31, 2024 $19.69B
Sga Expense FY 2025 · Dec 31, 2023 $19B
Rd Expense FY 2025 · Dec 31, 2025 $8.32B
Rd Expense FY 2025 · Dec 31, 2024 $7.48B
Rd Expense FY 2025 · Dec 31, 2023 $6.78B
Net Income FY 2025 · Dec 31, 2025 $10.59B
Net Income FY 2025 · Dec 31, 2024 $6.02B
Net Income FY 2025 · Dec 31, 2023 $7.5B
Gross Profit FY 2025 · Dec 31, 2025 $39.3B
Gross Profit FY 2025 · Dec 31, 2024 $35.55B
Gross Profit FY 2025 · Dec 31, 2023 $34.3B
Cost Of Revenue FY 2025 · Dec 31, 2025 $28.24B
Cost Of Revenue FY 2025 · Dec 31, 2024 $27.2B
Cost Of Revenue FY 2025 · Dec 31, 2023 $27.56B
Revenue FY 2025 · Dec 31, 2025 $67.54B
Revenue FY 2025 · Dec 31, 2024 $62.75B
Revenue FY 2025 · Dec 31, 2023 $61.86B