What changed in International Business Machines Corporation's latest annual report
In the year ended 31 Dec 2025, International Business Machines Corporation's revenue rose 7.6% to USD 67.53bn, from USD 62.75bn; net income rose 75.9% to USD 10.59bn, from USD 6.02bn; shareholders' equity rose 19.6% to USD 32.65bn, from USD 27.31bn.
Year ended 31 Dec 2025. Source: 10-K filed 24 Feb 2026, read it on SEC EDGAR.
USD 62.75bn to USD 67.53bn
The figures, year on year
| Item | Year before | Latest year | Change |
|---|---|---|---|
| Revenue | 62.75bn | 67.53bn | Up 7.6% |
| Net income | 6.02bn | 10.59bn | Up 75.9% |
| Total assets | 137.18bn | 151.88bn | Up 10.7% |
| Total liabilities | 109.78bn | 119.14bn | Up 8.5% |
| Long-term debt | 49.88bn | 54.84bn | Up 9.9% |
| Cash and cash equivalents | 13.95bn | 13.59bn | Down 2.6% |
| Shareholders' equity | 27.31bn | 32.65bn | Up 19.6% |
Questions people ask
Did International Business Machines Corporation's revenue grow last year?
Revenue grew 7.6%, from USD 62.75bn to USD 67.53bn in the year ended 31 Dec 2025.
Is International Business Machines Corporation profitable?
Yes. Net income was USD 10.59bn in the year ended 31 Dec 2025. The year before: USD 6.02bn.
How much cash and debt does International Business Machines Corporation have?
At its latest year end (31 Dec 2025), International Business Machines Corporation reported cash and cash equivalents of USD 13.59bn and long-term debt of USD 54.84bn.
Where do these numbers come from?
From International Business Machines Corporation's own annual filings with the SEC. Each change is calculated from the reported figures; nothing is estimated.
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