INTERNATIONAL BUSINESS MACHINES CORP

IBM 10-Q · Q2 2025

IBM Q2 2025 request

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Income Statement

Income Statement
Metric Q2 2025 Q2 2024 YoY
Revenue 16,977 15,770 +7.7%
Show Product Lines breakouts
Financial Service 166 169 -1.8%
Product 9,129 8,195 +11.4%
Technology Service 7,682 7,405 +3.7%
Show Business Segments breakouts
Consulting · Operating Segments 5,314 5,179 +2.6%
Financing · Operating Segments 166 169 -1.8%
Infrastructure · Operating Segments 4,142 3,645 +13.6%
Software · Operating Segments 7,387 6,739 +9.6%
Show Geography breakouts
Americas 8,462 7,979 +6.1%
Asia Pacific 3,103 3,069 +1.1%
EMEA 5,413 4,722 +14.6%
Show Consolidation Items breakouts
Operating Segments 17,009 15,732 +8.1%
Revenue (Q)
Show Product Lines breakouts
Automation · Software 1,883 1,620 +16.2%
Data · Software 1,499 1,378 +8.8%
Hybrid Cloud · Software 1,796 1,547 +16.1%
Hybrid Infrastructure · Infrastructure 2,866 2,360 +21.4%
Infrastructure Support · Infrastructure 1,275 1,285 -0.8%
Intelligent Operations · Consulting 2,395 2,284 +4.9%
Strategy and Technology · Consulting 2,920 2,895 +0.9%
Transaction Processing · Software 2,208 2,194 +0.6%
Show Consolidation Items breakouts
Material Reconciling Items -31 38 -181.6%
Cost of Revenue 7,001 6,820 +2.7%
Show Product Lines breakouts
Financial Service 90 86 +4.7%
Financial Service · Accumulated Gain Loss Net Cash Flow Hedge Parent 1 2 -50.0%
Product 1,630 1,607 +1.4%
Product · Accumulated Gain Loss Net Cash Flow Hedge Parent 5 -15 +133.3%
Technology Service 5,280 5,126 +3.0%
Technology Service · Accumulated Gain Loss Net Cash Flow Hedge Parent 4 -9 +144.4%
Show Business Segments breakouts
Consulting · Operating Segments 3,854 3,816 +1.0%
Financing · Operating Segments 90 86 +4.7%
Infrastructure · Operating Segments 1,593 1,585 +0.5%
Software · Operating Segments 1,190 1,105 +7.7%
Show Consolidation Items breakouts
Operating Segments 6,727 6,592 +2.0%
Gross Profit 9,977 8,950 +11.5%
Research & Development 2,097 1,840 +14.0%
Selling, General & Administrative 5,027 4,938 +1.8%
Show Equity Components breakouts
Accumulated Gain Loss Net Cash Flow Hedge Parent · Reclassification Out Of Accumulated Other Comprehensive Income 2 -7 +128.6%
Other Non-Operating Income (Expense) -45 -114 +60.5%
Income Before Taxes 2,597 2,219 +17.0%
Show Business Segments breakouts
Consulting · Operating Segments 562 463 +21.4%
Financing · Operating Segments 179 77 +132.5%
Infrastructure · Operating Segments 965 654 +47.6%
Software · Operating Segments 2,296 2,113 +8.7%
Show Consolidation Items breakouts
Corporate Non Segment -2 41 -104.9%
Operating Segments 4,003 3,306 +21.1%
Income Tax Expense (Benefit) 404 389 +3.9%
Net Income 2,194 1,834 +19.6%
Show Equity Components breakouts
Parent 2,194 1,834 +19.6%
Retained Earnings 2,194 1,834 +19.6%
Comprehensive Income 1,728 2,003 -13.7%
Show Equity Components breakouts
Parent 1,728 2,003 -13.7%
Other Comprehensive Income -466 169 -375.7%
Show Equity Components breakouts
Accumulated Other Comprehensive Income -466 169 -375.7%
Parent -466 169 -375.7%
EPS (Basic) 2.36 1.99 +18.6%
EPS (Diluted) 2.31 1.96 +17.9%
Wtd Avg Shares (Basic) 930.8 920.3 +1.1%
Wtd Avg Shares (Diluted) 948 934.4 +1.5%
Interest Expense 510 427 +19.4%
Show Business Segments breakouts
Financing · Operating Segments 84 95 -11.6%
Show Equity Components breakouts
Accumulated Gain Loss Net Cash Flow Hedge Parent · Reclassification Out Of Accumulated Other Comprehensive Income 6 8 -25.0%
Show Consolidation Items breakouts
Operating Segments 84 95 -11.6%
Net Income Loss Available To Common Stockholders Basic 2,194 1,834 +19.6%
Operating Lease Lease Income 11 16 -31.2%
Foreign Currency Transaction Gain Loss Before Tax 773 -140 +652.1%

Balance Sheet

Balance Sheet
Metric Q2 2025 Q2 2024 YoY
Current Assets
Cash & Cash Equivalents 11,943 12,210 -2.2%
Accounts Receivable 5,974 5,769 +3.6%
Inventory 1,251 1,234 +1.4%
Prepaid Expenses & Other Current Assets 2,796 2,784 +0.4%
Total Current Assets 34,253 33,299 +2.9%
Non-Current Assets
Operating Lease Right-of-Use Assets 3,315 3,130 +5.9%
Goodwill 67,506
Show Business Segments breakouts
Consulting 10,059
Consulting · Other Acquisitions 482
Infrastructure 4,393
Software 53,054
Software · Other Acquisitions 463
Show Business Acquisition breakouts
HashiCorp, Inc. (HashiCorp) 4,675
Other Acquisitions 945
Intangible Assets 12,253 10,251 +19.5%
Show Finite Lived Intangible Assets By Major Class breakouts
Computer Software Intangible Asset 885 867 +2.1%
Customer Relationships 6,148 5,065 +21.4%
Developed Technology Rights 3,722 2,885 +29.0%
Other Intangible Assets 99 114 -13.2%
Patents/trademarks 1,399 1,320 +6.0%
Deferred Tax Assets 8,475 6,378 +32.9%
Total Assets 148,585 133,848 +11.0%
Current Liabilities
Accounts Payable 3,974 3,631 +9.4%
Deferred Revenue 15,022
Total Current Liabilities 37,726 29,648 +27.2%
Non-Current Liabilities
Long-Term Debt 55,219 52,929 +4.3%
Operating Lease Liabilities 2,735 2,546 +7.4%
Other Non-Current Liabilities 11,522 10,932 +5.4%
Total Liabilities 120,998 109,745 +10.3%
Stockholders' Equity
Retained Earnings 151,367 151,659 -0.2%
Accumulated Other Comprehensive Income -16,041 -18,319 +12.4%
Total Stockholders' Equity 27,509 24,026 +14.5%
Total Liabilities & Equity 148,585 133,848 +11.0%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q2 2025 YTD Q2 2024 YoY
Operating Activities
Stock-Based Compensation 842 636 +32.4%
Net Cash from Operations 6,071 6,234 -2.6%
Investing Activities
Capital Expenditures -454 -459 +1.1%
Net Cash from Investing -11,281 -1,971 -472.3%
Financing Activities
Tax Withholding for Share Compensation -437 -350 -24.9%
Net Cash from Financing 2,589 -2,638 +198.1%
Other Cash Flow
Net Change in Cash -2,134 1,389 -253.6%

Values in millions USD. Source: SEC EDGAR 10-Q filing.

This table is rendered from the same JSON returned by /api/financials.

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