← INTERNATIONAL BUSINESS MACHINES CORP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $79.9b | $79.1b | $79.6b | $77.1b | $73.6b | $57.4b | $60.5b | $61.9b | $62.8b | $67.5b | |
| Cost of Revenue | $41.6b | $42.9b | $42.7b | $40.7b | $38.0b | $25.9b | $27.8b | $27.6b | $27.2b | $28.2b | |
| Gross Profit | $38.3b | $36.2b | $36.9b | $36.5b | $35.6b | $31.5b | $32.7b | $34.3b | $35.6b | $39.3b | |
| Research and development | $5.8b | $5.8b | $5.4b | $6.0b | $6.3b | $6.5b | $6.6b | $6.8b | $7.5b | $8.3b | |
| Selling, general and administrative | $21.1b | $20.1b | $19.4b | $20.6b | $23.1b | $18.7b | $18.6b | $19.0b | $19.7b | $20.1b | |
| Additional Financial Items | |||||||||||
| Amortization of Intangible Assets | $1.5b | $1.5b | $1.4b | $1.9b | $2.5b | $2.5b | $2.4b | $2.3b | $2.5b | $2.7b | |
| Debt and Equity Securities, Realized Gain (Loss) | — | — | — | — | — | — | ($278.0m) | $39.0m | $20.0m | ($7.0m) | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | — | — | — | — | — | $643.0m | ($116.0m) | $458.0m | ($993.0m) | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | $3.6b | $560.0m | $627.0m | ($315.0m) | ($1.7b) | ($2.7b) | ($6.6b) | ($227.0m) | ($3.4b) | ($236.0m) | |
| Income (Loss) from Continuing Operations, Per Basic Share | $12 | $6 | $10 | $11 | $6 | $5 | $2 | $8 | $7 | $11 | |
| Income (Loss) from Continuing Operations, Per Diluted Share | $12 | $6 | $10 | $11 | $6 | $5 | $2 | $8 | $6 | $11 | |
| Interest Income, Other | — | — | — | — | — | — | $162.0m | $670.0m | $747.0m | $645.0m | |
| Lease Income | — | — | — | $1.6b | $1.5b | $1.5b | $1.7b | $1.4b | $1.1b | $2.1b | |
| Operating Lease, Lease Income | — | — | — | $324.0m | $260.0m | $169.0m | $116.0m | $93.0m | $60.0m | $43.0m | |
| Reclassification from AOCI, Current Period, before Tax, Attributable to Parent | — | — | — | — | — | — | — | $189.0m | ($7.0m) | $557.0m | |
| Sales-type Lease, Selling Profit (Loss) | — | — | — | $918.0m | $917.0m | $1.1b | $1.3b | $1.0b | $689.0m | $1.7b | |
| Intellectual property and custom development income | ($1.6b) | ($1.5b) | ($1.0b) | ($648.0m) | ($626.0m) | ($612.0m) | ($663.0m) | ($860.0m) | ($996.0m) | ($964.0m) | |
| Income from continuing operations before income taxes | $12.3b | $11.4b | $11.3b | $10.2b | $4.6b | $4.8b | $1.2b | $8.7b | $5.8b | $10.3b | |
| Provision for/(benefit from) income taxes | $449.0m | $5.6b | $2.6b | $731.0m | ($864.0m) | $124.0m | ($626.0m) | $1.2b | ($218.0m) | ($242.0m) | |
| Income from continuing operations | $11.9b | $5.8b | $8.7b | $9.4b | $5.5b | $4.7b | $1.8b | $7.5b | $6.0b | $10.6b | |
| Income/(loss) from discontinued operations, net of tax | ($9.0m) | ($5.0m) | $5.0m | ($4.0m) | $89.0m | $1.0b | ($143.0m) | ($12.0m) | $8.0m | $22.0m | |
| Assuming dilution (in shares) | $958.7m | $937.4m | $916.3m | $892.8m | $896.6m | $904.6m | $912.3m | $922.1m | $937.2m | $948.7m | |
| Basic (in shares) | $955.4m | $932.8m | $912.0m | $887.2m | $890.3m | $896.0m | $902.7m | $911.2m | $921.8m | $932.3m | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $12.3b | $11.4b | $11.3b | $10.2b | $4.6b | $4.8b | $1.2b | $8.7b | $5.8b | $10.3b | |
| Gain (Loss) on Derivative Instruments, Net, Pretax | — | — | — | — | — | — | — | — | ($515.0m) | $641.0m | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $11.9b | $5.8b | $8.7b | $9.4b | $5.5b | $4.7b | $1.8b | $7.5b | $6.0b | $10.6b | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $11.9b | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ($9.0m) | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | ($9.0m) | ($5.0m) | $5.0m | ($4.0m) | $89.0m | $1.0b | ($143.0m) | ($12.0m) | $8.0m | $22.0m | |
| Net Income (Loss) from Continuing Operations Available to Common Shareholders, Basic | $11.9b | $5.8b | $8.7b | $9.4b | $5.5b | $4.7b | $1.8b | $7.5b | $6.0b | $10.6b | |
| Net Income (Loss) Attributable to Parent | $11.9b | $5.8b | $8.7b | $9.4b | $5.6b | $5.7b | $1.6b | $7.5b | $6.0b | $10.6b | |
| Net Income (Loss) Available to Common Stockholders, Basic | $11.9b | $5.8b | $8.7b | $9.4b | $5.6b | $5.7b | $1.6b | $7.5b | $6.0b | $10.6b | |
| Earnings Per Share, Basic | $11.36 | $5.64 | $8.75 | $9.72 | $5.74 | $6.41 | $1.82 | $8.23 | $6.53 | $11.36 | |
| Earnings Per Share, Diluted | $11.32 | $5.61 | $8.70 | $9.65 | $5.69 | $6.35 | $1.80 | $8.14 | $6.43 | $11.17 | |
| Continuing operations (in dollars per share) | $11.37 | $5.64 | $8.74 | $9.72 | $5.65 | $5.26 | $1.97 | $8.25 | $6.53 | $11.34 | |
| Discontinued operations (in dollars per share) | ($0.01) | $0.00 | $0.01 | $0.00 | $0.09 | $1.15 | ($0.16) | ($0.01) | $0.01 | $0.02 | |
| Weighted Average Number of Shares Outstanding, Basic | 1.0b | 1.0b | 997.9m | 970.7m | 974.1m | 896.0m | 902.7m | 911.2m | 921.8m | 932.3m | |
| Weighted Average Number of Shares Outstanding, Diluted | 1.0b | 1.0b | 1.0b | 976.8m | 980.9m | 904.6m | 912.3m | 922.1m | 937.2m | 948.7m | |
| Research and Development Expense | $5.8b | $5.8b | $5.4b | $6.0b | $6.3b | $6.5b | $6.6b | $6.8b | $7.5b | $8.3b | |
| Selling, General and Administrative Expense | $21.1b | $20.1b | $19.4b | $20.6b | $23.1b | $18.7b | $18.6b | $19.0b | $19.7b | $20.1b | |
| Other Nonoperating Income (Expense) | — | — | — | — | — | — | $443.0m | $266.0m | $877.0m | $221.0m | |
| Marketing and Advertising Expense | $1.3b | $1.4b | $1.5b | $1.6b | $1.5b | $1.4b | $1.3b | $1.2b | $1.2b | $1.1b | |
| Cost | $41.6b | $42.9b | $42.7b | $40.7b | $38.0b | $25.9b | $27.8b | $27.6b | $27.2b | $28.2b | |
| Other (income) and expense | $145.0m | ($216.0m) | $1.2b | ($968.0m) | $861.0m | $873.0m | $5.8b | ($914.0m) | $1.9b | ($442.0m) | |
| Interest Expense | $630.0m | $615.0m | $723.0m | $1.3b | $1.3b | $1.2b | $1.2b | $1.6b | $1.7b | $1.9b | |
| Interest Revenue (Expense), Net | — | — | — | — | — | — | — | — | ($984.0m) | — | |
| Total expense and other (income) | $26.0b | $24.8b | $25.6b | $26.3b | $30.9b | $26.6b | $31.5b | $25.6b | $29.8b | $29.0b | |
| Income Tax Expense (Benefit) | $449.0m | $5.6b | $2.6b | $731.0m | ($864.0m) | $124.0m | ($626.0m) | $1.2b | ($218.0m) | ($242.0m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.