Companies / IBM
International Business Machines Corp reported revenue of $67.53B for fiscal 2025, up 7.6% from fiscal 2024. Net income was $10.59B and free cash flow was $12.10B.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $57.35B | $60.53B | $61.86B | $62.75B | $67.53B |
| Operating income | — | $32.69B | $34.30B | $5.80B | $10.33B |
| Net income | $5.74B | $1.64B | $7.50B | $6.02B | $10.59B |
| Cash from operations | $12.80B | $10.44B | $13.93B | $13.45B | $13.19B |
| Free cash flow | $10.73B | $9.09B | $12.69B | $12.40B | $12.10B |
| Fiscal quarter | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $17.55B | $14.54B | $16.98B | $16.33B | $19.69B | $15.92B | $17.16B | $17.10B |
| Net income | $2.91B | $1.05B | $2.19B | $1.74B | $5.60B | $1.22B | $2.17B | $2.19B |
| Diluted EPS | $3.09 | $1.12 | $2.31 | $1.84 | $5.88 | $1.28 | $2.27 | $2.30 |
As International Business Machines Corp reports them, quarter by quarter.
| Fiscal quarter | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 |
|---|---|---|---|---|---|---|---|---|
| Annual Recurring Revenue (ARR) | $15.30B | $21.70B | $22.70B | $23.20B | $23.60B | $24.60B | $24.60B | $24.90B |
Figures come from International Business Machines Corp's SEC filings, by fiscal year and fiscal quarter as the company defines them. A dash means we hold no figure for that period that passed our checks. Some fourth quarters are the full year less the first nine months. Free cash flow is cash from operations less capital expenditures. Data as of 31 October 2026. This is not investment advice.
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