International Business Machines Corporation

NYSE-IBM

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Revenue	LTM	Dec '24	Dec '23	Dec '22	Dec '21
Transaction Processing Revenue	8,354	8,277	7,615
Hybrid Platform & Solutions Revenue	—	18,808	17,396
Software Revenue	28,856	27,085	25,011
Business Transformation Revenue	—	9,347	9,179
Application Operations Revenue	—	7,692	7,930
Technology Consulting Revenue	—	3,653	3,775
Consulting Revenue	20,881	20,692	20,884
Hybrid Infrastructure Revenue	9,760	8,913	9,215
Infrastructure Support Revenue	5,083	5,107	5,377
Infrastructure Revenue	14,843	14,020	14,593
Financing Revenue	727	713	741
Other Product / Service Revenue	97	243	632
Other Revenue	—	—	-1
Total Revenue	65,404	62,753	61,860

Revenue by Geography	LTM	Dec '24	Dec '23	Dec '22	Dec '21
Americas Revenue	32,349	31,266	31,666
Europe/Middle East/Africa Revenue	21,026	19,429	18,492
Asia Pacific Revenue	12,026	12,058	11,702
Other Revenue by Geography	3	—	—
Total Revenue by Geography	65,404	62,753	61,860

EBT	LTM	Dec '24	Dec '23	Dec '22	Dec '21
Software Segment Income	9,619	8,684	7,499
Consulting Segment Income	2,414	2,054	2,130
Infrastructure Segment Income	2,920	2,450	2,828
Financing Segment Income	464	348	373
Other EBT	-5,926	-7,739	-4,140
Total EBT	9,491	5,797	8,690

Key Performance Indicators	LTM	Dec '24	Dec '23	Dec '22	Dec '21
Software Gross Margin	—	83.7%	82.9%
Consulting Gross Margin	—	27%	26.8%
Infrastructure Gross Margin	—	55.8%	56.1%
Financing Gross Margin	—	47.9%	48.1%
Total Consulting Signings	23,464	25,103	24,305
Book-to-Bill Ratio	—	1.2	1.2