The Business StudyHow IBM makes money
IBM brought in $67.5 billion in revenue in 2025 and kept $10.6 billion as profit: $15.69 of every $100. Its biggest source of money was Software, at $30.0 billion (44% of the total).
From IBM's Form 10-K for the year ended December 31, 2025. Page updated November 8, 2026.
Out of every $100 IBM took in, it kept
Where IBM's money comes from. 4 lines in its 10‑K.
6 years of IBM's revenue and profit.
Fiscal years as IBM reports them; the latest ended December 31, 2025. Profit is net income.
Quick answers about IBM.
How does IBM make money?
IBM sells software (Red Hat, data and AI), consulting, and mainframes and other infrastructure. The biggest line in its latest 10-K is Software ($30.0 billion).
How much money does IBM make a year?
$67.5 billion in revenue in 2025, and $10.6 billion in net profit. That's up 8% from the year before.
Is IBM profitable?
Yes. IBM made $10.6 billion in net profit in 2025, which is $15.69 of every $100 it took in.
Is IBM growing?
Yes. Revenue went from $55.2 billion in 2020 to $67.5 billion in 2025, up 22%.
Compare IBM.
Source: International Business Machines Corporation, annual report on Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on February 24, 2026.
Revenue, profit and the breakdowns are the numbers the company reported in that filing (its XBRL data). Profit means net income; "operating profit" means operating income. Nothing on this page is estimated.