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IBM revenue

IBM's revenue was $67.53bn in fiscal 2025, up 7.6% on the year before. Since fiscal 2009 ($95.76bn) it has grown at a compound -2.2% a year. Over the last twelve months it was $69.87bn.

Revenue history

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

IBM: revenue history, annual
Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Revenue95.899.9106.9102.998.492.881.779.979.179.657.755.257.460.561.962.867.569.9
Growth on the year before—+4.3%+7.1%−3.8%−4.4%−5.7%−11.9%−2.2%−1.0%+0.6%−27.5%−4.4%+3.9%+5.5%+2.2%+1.4%+7.6%—
Gross profit43.846.050.150.448.746.440.738.536.936.931.530.931.532.734.335.639.340.5
Gross margin45.7%46.1%46.9%49.0%49.5%50.0%49.8%48.2%46.7%46.4%54.6%55.9%54.9%54.0%55.4%56.7%58.2%58.0%

Revenue as reported in the company's 10-K and 10-Q filings (for banks, net interest income plus non-interest income). Growth is left blank when the earlier figure was zero or negative.

Revenue against peers

IT Consulting & Other Services: the closest covered companies by revenue. Last twelve months.

CompanyRevenueGrowth3-year growth a year
IBM $69.87bn 6.8% 4.5%
Accenture $74.18bn 6.5% 5.0%
Cognizant $21.89bn 5.0% 4.0%
Kyndryl Holdings, Inc. $14.97bn -0.6% -4.0%
DXC Technology Co $12.36bn -2.8% -4.2%
Booz Allen Hamilton Holding Corp $10.98bn -6.2% 3.1%

Compare with peers

Head to head: ACN vs IBMCTSH vs IBMIBM vs KD

More: IT Consulting & Other Services stocks compared, Technology sector, rankings of US companies

Figures from IBM's SEC filings (10-K and 10-Q), retrieved October 23, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to IBM.