FINHUB Insights

IBM · Q3 FY25 · Jul 1 – Sep 30, 2025

IBM Q3 FY25: where the revenue came from and where it went

IBM Q3 FY25: revenue $16.3B (+9% year over year). Net profit $1.7B. Largest cohort Product $8.4B. The whole income statement as a sankey diagram from the SEC filing.

Period
Jul 1 – Sep 30, 2025
Reported
Oct 23, 2025 10-Q
Sankey diagram of IBM's income statement for Q3 FY25: revenue of $16.3 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$16.3B +9% year over year
Gross profit$9.4B 57% margin
Operating profit$2.5B 15% margin
Net profit$1.7B 11% margin

The numbers

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
ItemValueShare of revenueYear over year
Revenue 16.3 100% +9%
Product 8.4 52% +15%
Technology Service 7.7 47% +4%
Financial Service 0.2 1% +11%
Cost of revenue−743%
Gross profit9.457% margin+1pp
Research & development−2.113%+0pp
SG&A−4.729%−4pp
Operating profit2.515% margin+0pp
Tax−0.7
Interest & other costs−0.1
Net profit1.711%+13pp
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