IBM

IBM Information Technology Market cap $235B as of Sep 14, 2026 16:00 ET S&P 500

Q2 FY26 Apr 1 – Jun 30, 2026 reported Jul 23, 2026

Revenue$17.16B +1% year over year

Gross profit$9.91B 58% margin

Operating profit$2.62B 15% margin

Net profit$2.17B 13% margin

The numbers behind the diagram

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Jun 30, 2026).
Item	Value	Share of revenue	Year over year
Revenue	17.16	100%	+1%
Product	9.05	53%	−1%
Technology service	7.93	46%	+3%
Financial service	0.19	1%	+12%
Cost of revenue	−7.26	42%
Gross profit	9.91	58% margin	−1pp
R&D	−2.31	13%	+1pp
SG&A	−4.98	29%	−1pp
Operating profit	2.62	15% margin
Interest & other costs	−0.14
Tax	−0.31
Net profit	2.17	13% margin	+0pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	15.92	100%	+9%
Product	8.01	50%	+13%
Technology service	7.69	48%	+6%
Financial service	0.22	2%	+15%
Cost of revenue	−6.97	44%
Gross profit	8.95	56% margin	+1pp
R&D	−2.17	14%	+0pp
SG&A	−5.09	32%	−2pp
Operating profit	1.69	11% margin	+0pp
Interest & other costs	−0.30
Tax	−0.17
Net profit	1.22	8% margin	+0pp

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	16.33	100%	+9%
Product	8.41	52%	+15%
Technology service	7.72	47%	+4%
Financial service	0.20	1%	+11%
Cost of revenue	−6.97	43%
Gross profit	9.36	57% margin	+1pp
R&D	−2.08	13%	+0pp
SG&A	−4.75	29%	−4pp
Operating profit	2.53	15% margin	+0pp
Interest & other costs	−0.10
Tax	−0.69
Net profit	1.74	11% margin	+13pp

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	16.98	100%	+8%
Product	9.13	54%	+11%
Technology service	7.68	45%	+4%
Financial service	0.17	1%	−2%
Cost of revenue	−7.00	41%
Gross profit	9.98	59% margin	+2pp
R&D	−2.10	12%	+1pp
SG&A	−5.03	30%	−2pp
Operating profit	2.85	17% margin	+0pp
Interest & other costs	−0.26
Tax	−0.40
Net profit	2.19	13% margin	+1pp

Filing on EDGAR This quarter on its own page

Financial health

The balance sheet, the quarter's capital flow, the debt schedule and the capital structure of the quarter shown above.

Every set of results we hold, newest first. Open one on its own page.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q2 FY26 Apr 1 – Jun 30, 2026 reported Jul 23, 2026 Operating margin 15% Net profit $2.17B	Apr 1 – Jun 30, 2026	Jul 23, 2026	$17.2B	+1%	15%	$2.17B	13%
Q1 FY26 Jan 1 – Mar 31, 2026 reported Apr 23, 2026 Operating margin 11% Net profit $1.22B	Jan 1 – Mar 31, 2026	Apr 23, 2026	$15.9B	+9%	11%	$1.22B	8%
Q3 FY25 Jul 1 – Sep 30, 2025 reported Oct 23, 2025 Operating margin 15% Net profit $1.74B	Jul 1 – Sep 30, 2025	Oct 23, 2025	$16.3B	+9%	15%	$1.74B	11%
Q2 FY25 Apr 1 – Jun 30, 2025 reported Jul 24, 2025 Operating margin 17% Net profit $2.19B	Apr 1 – Jun 30, 2025	Jul 24, 2025	$17.0B	+8%	17%	$2.19B	13%