IBM Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018 - 1991
Revenue	61,860	60,530	57,350	55,179	57,714	Upgrade
Revenue Growth (YoY)	2.20%	5.54%	3.93%	-4.39%	-27.49%	Upgrade
Cost of Revenue	27,560	27,842	25,865	24,314	26,181	Upgrade
Gross Profit	34,300	32,688	31,485	30,865	31,533	Upgrade
Selling, General & Admin	19,003	18,609	18,745	20,561	18,724	Upgrade
Research & Development	6,775	6,567	6,488	6,262	5,910	Upgrade
Other Operating Expenses	-1,774	5,140	261	182	-1,651	Upgrade
Operating Expenses	24,004	30,316	25,494	27,005	22,983	Upgrade
Operating Income	10,296	2,372	5,991	3,860	8,550	Upgrade
Interest Expense / Income	1,607	1,216	1,155	1,288	1,344	Upgrade
Other Expense / Income	11	143	-1,031	-1,658	-2,285	Upgrade
Pretax Income	8,678	1,013	5,867	4,230	9,491	Upgrade
Income Tax	1,176	-626	124	-1,360	60	Upgrade
Net Income	7,502	1,639	5,743	5,590	9,431	Upgrade
Net Income Growth	357.72%	-71.46%	2.74%	-40.73%	8.05%	Upgrade
Shares Outstanding (Basic)	911	903	896	890	887	Upgrade
Shares Outstanding (Diluted)	922	912	905	897	893	Upgrade
Shares Change	1.07%	0.84%	0.90%	0.42%	-2.56%	Upgrade
EPS (Basic)	8.24	1.81	6.41	6.28	10.63	Upgrade
EPS (Diluted)	8.14	1.79	6.35	6.23	10.56	Upgrade
EPS Growth	354.75%	-71.81%	1.93%	-41.00%	10.92%	Upgrade
Free Cash Flow	12,442	8,574	10,415	15,155	12,400	Upgrade
Free Cash Flow Per Share	13.65	9.50	11.62	17.02	13.98	Upgrade
Dividend Per Share	6.630	6.590	6.550	6.510	6.430	Upgrade
Dividend Growth	0.61%	0.61%	0.61%	1.24%	3.54%	Upgrade
Gross Margin	55.45%	54.00%	54.90%	55.94%	54.64%	Upgrade
Operating Margin	16.64%	3.92%	10.45%	7.00%	14.81%	Upgrade
Profit Margin	12.13%	2.71%	10.01%	10.13%	16.34%	Upgrade
Free Cash Flow Margin	20.11%	14.16%	18.16%	27.47%	21.49%	Upgrade
Effective Tax Rate	13.55%	-61.80%	2.11%	-32.15%	0.63%	Upgrade
EBITDA	14,681	7,031	13,439	12,213	16,894	Upgrade
EBITDA Margin	23.73%	11.62%	23.43%	22.13%	29.27%	Upgrade
Depreciation & Amortization	4,396	4,802	6,417	6,695	6,059	Upgrade
EBIT	10,285	2,229	7,022	5,518	10,835	Upgrade
EBIT Margin	16.63%	3.68%	12.24%	10.00%	18.77%	Upgrade

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).