FINHUB Insights

IBM · Q1 FY26 · Jan 1 – Mar 31, 2026

IBM Q1 FY26: where the revenue came from and where it went

IBM Q1 FY26: revenue $15.9B (+9% year over year). Net profit $1.2B. Largest cohort Product $8B. The whole income statement as a sankey diagram from the SEC filing.

Period
Jan 1 – Mar 31, 2026
Reported
Apr 23, 2026 10-Q
Sankey diagram of IBM's income statement for Q1 FY26: revenue of $15.9 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$15.9B +9% year over year
Gross profit$9B 56% margin
Operating profit$1.7B 11% margin
Net profit$1.2B 8% margin

The numbers

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
ItemValueShare of revenueYear over year
Revenue 15.9 100% +9%
Product 8 50% +13%
Technology Service 7.7 48% +6%
Financial Service 0.2 1% +15%
Cost of revenue−744%
Gross profit956% margin+1pp
Research & development−2.214%+0pp
SG&A−5.132%−2pp
Operating profit1.711% margin+0pp
Tax−0.2
Interest & other costs−0.3
Net profit1.28%+0pp
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