INTERNATIONAL BUSINESS MACHINES CORP
IBMTech hardwareibm.com
Latest available resultsSeptember 30, 2026Quarter · 10-Q filed Oct 22, 2026
Next reportJanuary 26, 2027after close · forecast 4.673 $/share
Revenue
$17.10B
▲ +4.7% vs prior year YoY
Net income
$2.19B
▲ +25.6% vs prior year YoY
EPS
2.30$
▲ +25.0% vs prior year YoY
Net margin
12.8%
▲ +2.1 pp vs prior year YoY
Revenue▲ +4.7%
Margins (% of revenue)GrossOperating N/ANet
Net income▲ +25.6%
EPS▲ +25.0%
Financial statements
View 10-Q filed October 22, 2026 on SEC ↗| Metric | Dec 2024* | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025* | Mar 2026 | Jun 2026 | Sep 2026 | YoY |
|---|---|---|---|---|---|---|---|---|---|
| Operations | |||||||||
| Revenue | $17.55B | $14.54B | $16.98B | $16.33B | $19.69B | $15.92B | $17.16B | $17.10B | ▲ +4.7% |
| Gross profit | $10.44B | $8.03B | $9.98B | $9.36B | $11.93B | $8.95B | $9.91B | $9.71B | ▲ +3.8% |
| Operating incomenever filed | — | — | — | — | — | — | — | — | — |
| Net income | $2.91B | $1.05B | $2.19B | $1.74B | $5.60B | $1.22B | $2.17B | $2.19B | ▲ +25.6% |
| R&D | $1.97B | $1.95B | $2.10B | $2.08B | $2.19B | $2.17B | $2.31B | $2.38B | ▲ +14.2% |
| EPS (diluted) | — | 1.12 $ | 2.31 $ | 1.84 $ | — | 1.28 $ | 2.27 $ | 2.30 $ | ▲ +25.0% |
| Margins (% of revenue) | |||||||||
| Gross | 59.5 % | 55.2 % | 58.8 % | 57.3 % | 60.6 % | 56.2 % | 57.7 % | 56.8 % | ▼ -0.5 pt |
| Operating | — | — | — | — | — | — | — | — | — |
| Net | 16.6 % | 7.3 % | 12.9 % | 10.7 % | 28.4 % | 7.6 % | 12.6 % | 12.8 % | ▲ +2.1 pt |
| Balance sheet | |||||||||
| Assets | $137.18B | $145.67B | $148.59B | $146.31B | $151.88B | $156.23B | $152.10B | $155.01B | ▲ +5.9% |
| Liabilities | $109.78B | $118.71B | $121.00B | $118.32B | $119.14B | $123.17B | $117.56B | $118.81B | ▲ +0.4% |
| Equity | $27.39B | $26.95B | $27.59B | $27.99B | $32.74B | $33.06B | $34.54B | $36.21B | ▲ +29.4% |
| Cash | $13.95B | $11.04B | $11.94B | $11.57B | $13.59B | $10.82B | $7.17B | $9.23B | ▼ -20.2% |
| Capital | |||||||||
| Shares outstanding | 927.26M | 929.40M | 931.52M | 934.74M | 938.03M | 939.89M | 942.13M | 945.12M | ▲ +1.1% |
| Public floatexcluding insiders | — | — | — | — | — | — | — | — | — |
* No 10-Q is filed for a fourth quarter: these amounts are the fiscal year minus the first three quarters, all filed. EPS stays blank — dilution doesn't subtract.