International Business Machines Corporation (IBM) Financials
Key financial figures for International Business Machines Corporation (Q3 2026).
IBM Q3 2026 revenue of $17.1B rose 5% (6% at constant currency) as Software grew 8% and Infrastructure 4%, and full-year free cash flow growth is now expected above $1B. Revenue was $17.1B, up 5% reported and 6% at constant currency, an acceleration from Q2's 1% reported growth ($17,103M vs $16,331M a year earlier). Software revenue was $7.8B, up 8% (9% constant currency): Red Hat up 11%, Data up 19%, Transaction Processing up 9%, Automation down 3%. Infrastructure revenue was $3.7B, up 4%: Distributed Infrastructure up 31% while IBM Z fell 20%; Consulting was $5.3B, flat (up 2% constant currency). On the outlook: Full-year 2026: constant currency revenue growth continues to be expected in the range of four-to-five percent (currency neutral to growth at current rates); free cash flow is now expected to increase by more than $1 billion year over year (previously about $1 billion). Figures are for Q3 2026, as International Business Machines Corporation reported them.
- Revenue
- $17.1B
- Net Income
- $2.2B
- EPS
- $2.32
- Total Assets
- $155.0B
- Operating Cash Flow
- $4.0B
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q3 FY2026 | $17.1B | $2.2B | $2.30 | $3.5B | |
| Q2 FY2026 | $17.2B | $2.2B | $2.27 | $2.4B | |
| Q1 FY2026 | $15.9B | $1.2B | $1.28 | $4.8B | |
| Q4 FY2025 | $19.7B | $5.6B | $5.88 | $3.7B | |
| Q3 FY2025 | $16.3B | $1.7B | $1.84 | $2.8B |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $67.5B | $10.6B | $11.17 | $12.1B | |
| FY2024 | $62.8B | $6.0B | $6.43 | $11.8B | |
| FY2023 | $61.9B | $7.5B | $8.14 | $12.1B |
Frequently asked questions
What was International Business Machines Corporation's revenue last quarter?
International Business Machines Corporation reported revenue of $17.10 billion for Q3 FY2026, up 4.7% from the same period a year earlier.
Is International Business Machines Corporation profitable?
Yes. International Business Machines Corporation reported net income of $2.19 billion for Q3 FY2026, a net margin of 12.8% on revenue.
How much free cash flow did International Business Machines Corporation generate?
International Business Machines Corporation generated free cash flow of $3.54 billion in Q3 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for International Business Machines Corporation on SentiSense, with up to forty quarters and twenty fiscal years of history.