IBM Q2 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
- 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
| 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 |
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