IBM · Multi-Quarter Financial Trends

16 quarters · As reported by the company · Amounts in USD billions← IBM

Quarter	Period End	Revenue ($B)	YoY	Gross Margin	Operating Income ($B)	Net Income ($B)	Net Margin	Free Cash Flow ($B)	EPS	Buybacks ($B)	Dividends ($B)
FY2026 Q3	2026-09-30	17.10	+4.7%	56.8%	—	2.19	12.8%	3.69	2.30	—	1.60
FY2026 Q2	2026-06-30	17.16	+1.1%	57.7%	—	2.17	12.6%	2.37	2.27	—	1.59
FY2026 Q1	2026-03-31	15.92	+9.5%	56.2%	—	1.22	7.6%	4.94	1.28	—	1.58
FY2025 Q4	2025-12-31	19.69	+12.2%	60.6%	—	5.60	28.4%	3.66	5.90	—	1.57
FY2025 Q3	2025-09-30	16.33	+9.1%	57.3%	—	1.74	10.7%	2.83	1.84	—	1.57
FY2025 Q2	2025-06-30	16.98	+7.7%	58.8%	—	2.19	12.9%	1.49	2.31	—	1.56
FY2025 Q1	2025-03-31	14.54	+0.5%	55.2%	—	1.06	7.3%	4.13	1.12	—	1.55
FY2024 Q4	2024-12-31	17.55	+1.0%	59.5%	—	2.91	16.6%	4.03	3.11	—	1.55
FY2024 Q3	2024-09-30	14.97	+1.5%	56.3%	—	-0.33	-2.2%	2.60	-0.36	—	1.54
FY2024 Q2	2024-06-30	15.77	+1.9%	56.8%	—	1.83	11.6%	1.85	1.96	—	1.54
FY2024 Q1	2024-03-31	14.46	+1.5%	53.5%	—	1.61	11.1%	3.93	1.72	—	1.52
FY2023 Q4	2023-12-31	17.38	+4.1%	59.1%	—	3.29	18.9%	4.16	3.57	—	1.52
FY2023 Q3	2023-09-30	14.75	—	54.4%	—	1.70	11.6%	2.78	1.84	—	1.52
FY2023 Q2	2023-06-30	15.48	—	54.9%	—	1.58	10.2%	2.27	1.72	—	1.51
FY2023 Q1	2023-03-31	14.25	—	52.7%	—	0.93	6.5%	3.47	1.01	—	1.50
FY2022 Q4	2022-12-31	16.69	—	57.7%	—	2.71	16.2%	3.56	3.00	—	1.49

Quarterly figures come from the company's 10-Q and 10-K filings. The fourth quarter is derived as the full year minus the first three quarters; cash flow items are converted from fiscal year-to-date totals into single quarters.