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

The whole income statement of IBM for this quarter, as one diagram: what earned the revenue, and what it went on.

Period
Jan 1 – Mar 31, 2026
Reported
Apr 23, 2026 10-Q accession 0000051143-26-000038

Revenue$15.92B +9% year over year
Gross profit$8.95B 56% margin
Operating profit$1.69B 11% margin
Net profit$1.22B 8% margin
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The numbers

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
ItemValueShare of revenueYear over year
Revenue 15.92 100% +9%
Product 8.01 50% +13%
Technology service 7.69 48% +6%
Financial service 0.22 2% +15%
Cost of revenue−6.9744%
Gross profit8.9556% margin+1pp
R&D−2.1714%+0pp
SG&A−5.0932%−2pp
Operating profit1.6911% margin+0pp
Interest & other costs−0.30
Tax−0.17
Net profit1.22 8% margin+0pp

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.

Filing on EDGAR More quarters of IBM

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