FINHUB Insights

IBM · Q2 FY25 · Apr 1 – Jun 30, 2025

IBM Q2 FY25: where the revenue came from and where it went

IBM Q2 FY25: revenue $17B (+8% year over year). Net profit $2.2B. Largest cohort Product $9.1B. The whole income statement as a sankey diagram from the SEC filing.

Period
Apr 1 – Jun 30, 2025
Reported
Jul 24, 2025 10-Q
Sankey diagram of IBM's income statement for Q2 FY25: revenue of $17 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$17B +8% year over year
Gross profit$10B 59% margin
Operating profit$2.9B 17% margin
Net profit$2.2B 13% margin

The numbers

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 30, 2025).
ItemValueShare of revenueYear over year
Revenue 17 100% +8%
Product 9.1 54% +11%
Technology Service 7.7 45% +4%
Financial Service 0.2 1% −2%
Cost of revenue−741%
Gross profit1059% margin+2pp
Research & development−2.112%+1pp
SG&A−530%−2pp
Operating profit2.917% margin+0pp
Tax−0.4
Interest & other costs−0.3
Net profit2.213%+1pp
Filing on EDGAR More quarters of IBM

Source of the numbers: structured XBRL data from the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

Older quarters