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INTERNATIONAL BUSINESS MACHINES CORP

IBM
Computer And Office Equipment
Last filing · Quarter 2 · Jun 30, 2026
Financial Statements Ratios
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Statement
Income StatementBalance Sheet
Period
Annual Quarterly
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USD ($)
$ in Millions 		Jun 30, 2026Mar 31, 2026Sep 30, 2025Jun 30, 2025Mar 31, 2025Sep 30, 2024Jun 30, 2024Mar 31, 2024Sep 30, 2023Jun 30, 2023Mar 31, 2023Sep 30, 2022Jun 30, 2022Mar 31, 2022Sep 30, 2021Jun 30, 2021Mar 31, 2021Sep 30, 2020Jun 30, 2020Mar 31, 2020Sep 30, 2019Jun 30, 2019Mar 31, 2019Sep 30, 2018Jun 30, 2018Mar 31, 2018Sep 30, 2017Jun 30, 2017Mar 31, 2017Sep 30, 2016Jun 30, 2016Mar 31, 2016Sep 30, 2015Jun 30, 2015Mar 31, 2015Sep 30, 2014Jun 30, 2014Mar 31, 2014Sep 30, 2013Jun 30, 2013Mar 31, 2013Sep 30, 2012Jun 30, 2012Mar 31, 2012Sep 30, 2011Jun 30, 2011Mar 31, 2011Sep 30, 2010Jun 30, 2010Mar 31, 2010Sep 30, 2009Jun 30, 2009
Current assets:
                                                    
Cash and cash equivalents
$ 7,172
$ 10,819
$ 11,569
$ 11,943
$ 11,035
$ 13,197
$ 12,210
$ 14,603
$ 7,257
$ 9,394
$ 9,337
$ 7,816
Restricted cash
45
45
30
83
126
17
2,268
162
19
31
198
159
Marketable securities
960
964
3,286
3,504
6,430
505
1,481
4,512
3,721
6,904
8,057
1,753
Notes and accounts receivable — trade (net of allowances of $107 in 2026 and $99 in 2025)
6,044
6,493
5,532
5,974
5,857
5,390
5,769
6,041
5,330
5,673
5,757
5,526
Short-term financing receivables:
                                                    
Held for investment (net of allowances of $94 in 2026 and $106 in 2025)
5,782
5,767
5,156
5,586
5,128
5,256
5,075
4,877
5,032
5,564
6,057
6,280
Held for sale
874
743
745
746
588
509
723
644
593
865
605
395
Other accounts receivable (net of allowances of $32 in 2026 and $37 in 2025)
1,348
1,242
1,174
1,187
897
928
757
760
842
838
812
902
Inventory, at lower of average cost or net realizable value:
                                                    
Finished goods
320
268
314
188
203
169
141
131
159
174
199
209
Work in process and raw materials
1,425
1,208
1,083
1,063
1,228
1,199
1,093
1,081
1,239
1,327
1,404
1,585
Total inventory
1,746
1,476
1,397
1,251
1,431
1,367
1,234
1,212
1,399
1,501
1,603
1,794
Deferred costs
835
831
768
795
769
788
997
810
822
897
846
818
Deferred costs
-
-
-
-
-
-
-
-
-
-
-
-
Deferred taxes
8,709
8,552
8,505
8,475
7,594
6,943
6,378
6,465
6,168
6,340
6,419
6,868
Prepaid expenses and other current assets
3,188
3,209
2,739
2,796
2,770
2,408
2,784
2,804
2,582
2,730
2,501
3,452
Total current assets
28,398
31,914
32,740
34,253
35,336
30,543
33,299
36,663
27,705
34,458
35,982
28,999
Property, plant and equipment
17,603
17,765
18,058
18,160
17,827
17,994
17,911
18,071
18,217
18,588
18,761
18,675
Less: Accumulated depreciation
11,867
11,985
12,207
12,218
12,085
12,380
12,311
12,477
12,848
13,145
13,417
13,525
Property, plant and equipment — net
5,736
5,781
5,851
5,943
5,742
5,614
5,600
5,594
5,369
5,443
5,344
5,150
Operating right-of-use assets — net
3,068
3,219
3,223
3,315
3,323
3,355
3,130
3,204
3,112
2,653
2,789
2,740
Long-term financing receivables (net of allowances of $28 in 2026 and $34 in 2025)
7,126
7,014
6,258
6,171
4,920
4,931
5,483
4,927
4,789
5,221
5,065
4,781
Prepaid pension assets
7,645
7,578
8,044
7,983
7,670
7,975
7,630
7,545
8,901
8,735
8,487
9,695
Deferred taxes
-
-
-
-
-
-
-
-
-
-
-
-
Goodwill
74,599
74,709
67,396
67,506
66,065
61,092
59,416
59,534
59,596
56,385
56,193
54,218
Intangible assets — net
13,955
14,624
11,729
12,253
12,392
11,090
10,251
10,750
11,278
10,496
10,905
10,967
Investments and sundry assets
2,028
2,009
1,796
1,891
1,856
2,009
1,840
1,678
1,582
1,585
1,607
1,614
Total assets
152,099
156,229
146,312
148,585
145,667
134,339
133,848
137,169
129,321
132,213
133,637
125,850
Liabilities and equity
                                                    
Liabilities:
                                                    
Current liabilities:
                                                    
Taxes
2,023
2,053
1,663
1,681
1,573
1,584
1,691
1,710
1,559
1,606
1,650
1,667
Short-term debt
5,775
8,655
7,942
8,945
6,913
3,599
3,602
5,471
6,414
6,785
4,887
5,937
Accounts payable
4,395
4,039
3,867
3,974
3,585
3,274
3,631
3,588
3,342
3,732
3,728
3,806
Compensation and benefits
3,364
3,941
3,508
3,353
3,653
3,250
3,125
3,190
3,257
3,185
2,772
3,369
Deferred income
16,160
17,034
13,878
15,022
15,057
12,882
13,643
14,051
11,917
12,712
13,220
11,139
Operating lease liabilities
770
798
807
820
798
790
762
784
807
842
869
844
Other accrued expenses and liabilities
3,425
3,582
3,477
3,932
3,526
3,474
3,195
3,605
3,309
3,651
3,866
3,702
Total current liabilities
35,912
40,101
35,142
37,726
35,106
28,853
29,648
32,397
30,606
32,513
30,993
30,466
Long-term debt
56,212
57,706
55,174
55,219
56,371
52,980
52,929
54,033
48,828
50,691
53,826
44,942
Retirement and nonpension postretirement benefit obligations
8,603
8,763
9,735
9,882
9,536
10,366
10,200
10,421
9,090
9,385
9,509
11,760
Deferred income
4,272
4,195
3,863
3,913
3,844
3,666
3,489
3,488
3,085
3,264
3,443
3,018
Operating lease liabilities
2,515
2,643
2,646
2,735
2,753
2,757
2,546
2,583
2,476
1,986
2,094
2,103
Other liabilities
10,044
9,767
11,762
11,522
11,105
11,186
10,932
10,914
12,081
12,103
12,099
13,413
Total liabilities
117,558
123,174
118,322
120,998
118,714
109,809
109,745
113,836
106,165
109,942
111,964
105,703
Equity:
                                                    
IBM stockholders’ equity:
                                                    
Common stock
64,600
63,936
62,819
62,392
61,913
61,013
60,501
60,145
59,313
58,963
58,675
58,117
Retained earnings
155,937
155,327
151,581
151,367
150,703
149,789
151,659
151,362
149,506
149,318
149,253
148,611
Treasury stock - at cost
170,934
170,874
170,512
170,209
170,160
169,935
169,815
169,759
169,640
169,581
169,544
169,514
Accumulated other comprehensive income/(loss)
(15,151)
(15,415)
(15,983)
(16,041)
(15,575)
(16,418)
(18,319)
(18,488)
(16,098)
(16,499)
(16,780)
(17,138)
Total IBM stockholders’ equity
34,452
32,974
27,905
27,509
26,880
24,448
24,026
23,261
23,081
22,201
21,604
20,076
Noncontrolling interests
89
81
85
79
72
82
77
72
75
70
68
71
Total equity
34,541
33,056
27,990
27,588
26,953
24,530
24,103
23,333
23,156
22,271
21,672
20,147
Total liabilities and equity
$ 152,099
$ 156,229
$ 146,312
$ 148,585
$ 145,667
$ 134,339
$ 133,848
$ 137,169
$ 129,321
$ 132,213
$ 133,637
$ 125,850