INTERNATIONAL BUSINESS MACHINES CORP (IBM) — financial distillation
Annual history (10-K)
Quarterly history (10-Q)
Two headline lines are shown to start. Click any item in a legend to add or remove it — every figure on the chart is one the table below also carries, for the period it names.
In brief, from the full filed history
- Revenue contracted from $98.79B (period ending 2007-12-31) to $67.53B (period ending 2025-12-31) — a -2.1% annual pace across 18 year(s) of filed history.
- Net margin held close to 15.7% over that same span.
- Across 55 tracked quarters, the strongest was $26.82B (quarter ending 2008-06-30) and the weakest was $14.11B (quarter ending 2022-09-30).
Annual — most recent 10-K
| Line | Value | Period ends | Form | Filing |
|---|---|---|---|---|
| Revenue | $67.53B | 2025-12-31 | 10-K | 0000051143-26-000010 |
| Gross profit | $39.30B | 2025-12-31 | 10-K | 0000051143-26-000010 |
| Net income | $10.59B | 2025-12-31 | 10-K | 0000051143-26-000010 |
| Diluted EPS | $11.17 | 2025-12-31 | 10-K | 0000051143-26-000010 |
| Total assets | $151.88B | 2025-12-31 | 10-K | 0000051143-26-000010 |
| Total liabilities | $119.14B | 2025-12-31 | 10-K | 0000051143-26-000010 |
| Cash & equivalents | $13.59B | 2025-12-31 | 10-K | 0000051143-26-000010 |
| Operating cash flow | $13.19B | 2025-12-31 | 10-K | 0000051143-26-000010 |
Quarterly — most recent 10-Q
| Line | Value | Period ends | Form | Filing |
|---|---|---|---|---|
| Revenue | $17.16B | 2026-06-30 | 10-Q | 0000051143-26-000078 |
| Gross profit | $9.91B | 2026-06-30 | 10-Q | 0000051143-26-000078 |
| Net income | $2.17B | 2026-06-30 | 10-Q | 0000051143-26-000078 |
| Diluted EPS | $2.27 | 2026-06-30 | 10-Q | 0000051143-26-000078 |
| Total assets | $152.10B | 2026-06-30 | 10-Q | 0000051143-26-000078 |
| Total liabilities | $117.56B | 2026-06-30 | 10-Q | 0000051143-26-000078 |
| Cash & equivalents | $7.17B | 2026-06-30 | 10-Q | 0000051143-26-000078 |
| Operating cash flow | $5.17B | 2026-03-31 | 10-Q | 0000051143-26-000038 |
Reading
The figures above are taken directly from filings with the U.S. Securities and Exchange Commission. The reading below was generated by a local language model from only those figures; it introduces no numbers of its own. It is not investment advice.
International Business Machines Corporation (IBM) operates on a substantial scale, with total assets amounting to $151.88 billion as of the end of 2025. The company’s mix is predominantly focused on technology services and cloud platforms, as evidenced by its revenue streams. Over the past 18 years, IBM’s revenue has contracted at a -2.1% annual pace, declining from $98.79 billion in 2007 to $67.53 billion in 2025. Despite this contraction, the company maintained a relatively stable net margin of approximately 15.7%.
The multi-year trajectory reveals a period of growth in the early 2010s, followed by a steady decline, with notable fluctuations in quarterly revenues ranging from a high of $26.82 billion in Q2 2008 to a low of $14.11 billion in Q3 2022. In terms of financial health, IBM’s cash and equivalents have fluctuated, standing at $13.59 billion at year-end 2025 and $7.17 billion at quarter-end 2026. Operating cash flow has also shown variability, reaching $13.19 billion annually in 2025 and $5.17 billion in the first quarter of 2026.
In the upcoming filings, readers should monitor IBM’s ability to stabilize revenue growth, maintain profit margins amidst declining revenues, and effectively manage its cash position to support ongoing operations and potential investments in emerging technologies or strategic acquisitions. The company’s history of navigating structural changes within the IT sector will be crucial in assessing its future prospects.
Source: SEC EDGAR company facts for CIK 0000051143 · filings index