Operating Income for IBM (IBM)
According to IBM's latest reported financial statements, the company's current operating income (TTM) is $11.27B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
IBM
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$11.27B
YoY change
+2.5%
5Y CAGR
+17.2%
Peak year (2012)
$22.99B
Cumulative operating income
$443.06B
Operating Income history chart for IBM (IBM) from 1985 to 2025
Operating Income history table for IBM (IBM) from 1985 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $10.32B | +2.5% | ||
| 2024 | $10.07B | +2.6% | ||
| 2023 | $9.82B | +20.1% | ||
| 2022 | $8.17B | +19.1% | ||
| 2021 | $6.87B | +47.3% | ||
| 2020 | $4.66B | -38.2% | ||
| 2019 | $7.54B | -43.0% | ||
| 2018 | $13.22B | +0.6% | ||
| 2017 | $13.14B | -10.5% | ||
| 2016 | $14.68B | -11.1% | ||
| 2015 | $16.51B | -18.8% | ||
| 2014 | $20.34B | -5.4% | ||
| 2013 | $21.50B | -6.5% | ||
| 2012 | $22.99B | +4.9% | ||
| 2011 | $21.92B | +9.7% | ||
| 2010 | $19.98B | +17.5% | ||
| 2009 | $17.01B | +6.7% | ||
| 2008 | $15.94B | +17.9% | ||
| 2007 | $13.52B | +13.3% | ||
| 2006 | $11.93B | +27.2% | ||
| 2005 | $9.38B | -2.5% | ||
| 2004 | $9.62B | +11.4% | ||
| 2003 | $8.63B | +27.0% | ||
| 2002 | $6.80B | -31.0% | ||
| 2001 | $9.86B | -15.3% | ||
| 2000 | $11.63B | -2.5% | ||
| 1999 | $11.93B | +30.2% | ||
| 1998 | $9.16B | +0.7% | ||
| 1997 | $9.10B | +49.8% | ||
| 1996 | $6.07B | -20.0% | ||
| 1995 | $7.59B | +51.7% | ||
| 1994 | $5.00B | +1525.0% | ||
| 1993 | $308.00M | -91.0% | ||
| 1992 | $3.41B | +261.6% | ||
| 1991 | $942.00M | -91.5% | ||
| 1990 | $11.03B | +60.0% | ||
| 1989 | $6.89B | -21.2% | ||
| 1988 | $8.75B | +13.0% | ||
| 1987 | $7.74B | -1.5% | ||
| 1986 | $7.86B | -30.0% | ||
| 1985 | $11.23B | — |
Operating Income values are taken from IBM's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2025 fiscal year, IBM (IBM) reported operating income of $10.32B – edged up 2.5% year-over-year.
IBM operating income has grown for 5 consecutive years, with a +17.2% compound annual growth rate over 2020–2025 (5 years).
IBM operating income plunged from $22.99B in 2012 to $10.32B in 2025, a 55.1% drawdown.
$22.99B stands as the all-time-high annual operating income, posted in 2012, against a low of $308.00M during 1993.
Among 8 Technology peers, IBM (IBM) ranks 7th; the peer median for operating income is $77.01B.
IBM Operating Income by Year
IBM Operating Income 2025: $10.32B
IBM operating income in 2025 was $10.32B, edged up 2.5% from 2024.
IBM Operating Income 2024: $10.07B
IBM operating income in 2024 was $10.07B, edged up 2.6% from 2023.
IBM Operating Income 2023: $9.82B
IBM operating income in 2023 was $9.82B, grew 20.1% from 2022.
IBM Operating Income 2022: $8.17B
IBM operating income in 2022 was $8.17B, grew 19.1% from 2021.
IBM Operating Income 2021: $6.87B
IBM operating income in 2021 was $6.87B.
See more financial history for IBM (IBM).
Sector peers — Operating Income
Companies in the same sector as IBM, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | $1.96T | Technology |
| Apple Inc. (AAPL) | $133.05B | Technology |
| NVIDIA Corporation (NVDA) | $130.39B | Technology |
| Microsoft Corporation (MSFT) | $128.53B | Technology |
| Broadcom Inc. (AVGO) | $25.48B | Technology |
| ASML Holding N.V. (ASML) | $11.30B | Technology |
| Micron Technology, Inc. (MU) | $9.87B | Technology |
| Advanced Micro Devices, Inc. (AMD) | $3.69B | Technology |
Frequently asked questions
What is IBM's operating income?
- Latest reported operating income for IBM (IBM) is $11.27B (period ending March 31, 2026).
How has IBM operating income changed year-over-year?
- IBM (IBM) operating income changed +2.5% year-over-year on the latest annual filing.
What is the long-term growth rate of IBM operating income?
- IBM (IBM) operating income compound annual growth rate is +17.2% over the most recent 5 years available.
When did IBM operating income hit its highest annual value?
- IBM operating income reached its highest annual value of $22.99B in 2012.
What was IBM operating income in 2024?
- IBM (IBM) operating income in 2024 was $10.07B.
What was IBM operating income in 2025?
- IBM (IBM) operating income in 2025 was $10.32B.
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