IBM (IBM) Stock: Revenue, Earnings, Margins & Valuation
IBM (IBM), USA at a glance: revenue structure, segments, costs, margins and earnings from the latest published annual report (FY 2025), visualised as a Sankey diagram and complemented by price chart, P/E valuation and the original SEC filings. All figures in USD. Free and without signup.
IBM key figures (FY 2025)
| Revenue | 64.00 USD bn |
|---|---|
| Gross profit | 34.00 USD bn |
| Operating income | 16.50 USD bn |
| Net income | 12.50 USD bn |
| Net margin | 19.5 % |
IBM revenue by segment
| Software | 30.00 USD bn |
|---|---|
| Consulting | 22.00 USD bn |
| Infrastructure | 8.00 USD bn |
| Financing | 4.00 USD bn |
IBM business model
The income statement of IBM is visualised as a Sankey diagram: from revenue through cost of revenue and operating expenses to net income. The page also shows the price chart, the price-earnings ratio of the last five fiscal years, return on equity and the company's annual and quarterly filings.