International Business Machines Corporation

NYSE-IBM

Revenue	Sep '25	Jun '25
Hybrid Cloud Revenue	1,886	1,796
Automation Revenue	1,934	1,883
Data Revenue	1,459	1,499
Transaction Processing Revenue	1,930	2,208
Hybrid Platform & Solutions Revenue	—	—
Software Revenue	7,209	7,387
Strategy and Technology Revenue	2,905	2,920
Intelligent Operations Revenue	2,419	2,395
Business Transformation Revenue	—	—
Application Operations Revenue	—	—
Technology Consulting Revenue	—	—
Consulting Revenue	5,324	5,314
Hybrid Infrastructure Revenue	2,263	2,866
Infrastructure Support Revenue	1,296	1,275
Infrastructure Revenue	3,559	4,142
Financing Revenue	200	166
Other Product / Service Revenue	38	-31
Global Technology Services Revenue	—	—
Systems Revenue	—	—
Other Revenue	1	-1
Total Revenue	16,331	16,977

Revenue by Geography	Sep '25	Jun '25
Americas Revenue	8,143	8,462
Europe/Middle East/Africa Revenue	5,251	5,413
Asia Pacific Revenue	2,936	3,103
Other Revenue by Geography	1	-1
Total Revenue by Geography	16,331	16,977

EBT	Sep '25	Jun '25
Software Segment Income	2,374	2,296
Consulting Segment Income	686	562
Infrastructure Segment Income	644	965
Financing Segment Income	123	179
Other EBT	-1,397	-1,405
Total EBT	2,430	2,597

Key Performance Indicators	Sep '25	Jun '25
Software Gross Margin	83.1%	83.9%
Consulting Gross Margin	29.3%	27.5%
Infrastructure Gross Margin	57.2%	61.5%
Financing Gross Margin	45.6%	45.7%
Global Technology Services Gross Margin	—	—
Total Consulting Signings	5,223	4,793
Book-to-Bill Ratio	1.1	1.1