International Business Machines Corporation

NYSE-IBM

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Income Statement	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Total Revenues	65,404	64,041	62,834	62,753	62,581	62,365
Total Revenues %Chg	4.5%	2.7%	1.2%	1.4%	1.8%	2.6%
Services
Sales
Financing
Cost of Sales	27,595	27,173	26,992	27,201	27,201	27,382
Services
Sales
Financing
Gross Profit	37,807	36,867	35,840	35,551	35,379	34,982
Gross Profit
Gross Profit Margin	57.8%	57.6%	57%	56.7%	56.5%	56.1%
Selling, General & Administrative Expenses	19,526	19,689	19,600	19,688	19,614	19,161
Selling, General and Administrative
Research & Development Expenses	8,096	7,890	7,633	7,479	7,260	7,069
Research and Development
Other Operating Expenses	-1,187	1,211	991	875	564	-1,847
Intellectual Property and Custom Development Expense
Other Expense
Operating Profit	11,372	8,077	7,616	7,509	7,941	10,599
Operating Margin	17.4%	12.6%	12.1%	12%	12.7%	17%
Interest Expense	-1,881	-1,818	-1,735	-1,712	-1,693	-1,676
Interest Expense
Total Non-Operating Income	-1,881	-1,818	-1,735	-1,712	-1,693	-1,676
Income Before Provision for Income Taxes	9,491	6,259	5,881	5,797	6,250	8,925
Income from Continuing Operations Before Income Taxes
Provision for Income Taxes	1,572	401	386	-218	-124	520
Provision for Income Taxes
Consolidated Net Income	7,919	5,858	5,495	6,015	6,373	8,404
Income from Continuing Operations
Net Income Attributable to Discontinued Operations	-11.5	-24.5	-21.5	8	24	27
Income from Discontinued Operations, Net of Tax
Net Income Attributable to Common Shareholders	7,907	5,833	5,473	6,023	6,397	8,431
Net Income
Basic EPS	8.5	6.3	6	6.5	7	9.2
Diluted EPS	8.4	6.2	5.9	6.4	6.9	9.1
Basic Weighted Average Shares Outstanding	929.2	926.6	924	921.8	918.9	916.2
Total Shares Outstanding	934.7	931.5	929.4	926.3	924.6	921.1
Diluted Weighted Average Shares Outstanding	946.2	939.8	936.4	937.2	929.7	929.7
EBITDA	16,210	12,900	12,329	12,176	12,647	15,130
Effective Tax Rate	16.6%	6.4%	6.6%	-3.8%	-2%	5.8%