International Business Machines Past Earnings Performance
Past criteria checks 0/6
International Business Machines's earnings have been declining at an average annual rate of -3.2%, while the IT industry saw earnings growing at 13.7% annually. Revenues have been declining at an average rate of 2.1% per year. International Business Machines's return on equity is 26%, and it has net margins of 10.2%.
Key information
-3.2%
Earnings growth rate
-4.1%
EPS growth rate
IT Industry Growth
15.3%
Revenue growth rate
-2.1%
Return on equity
26.0%
Net Margin
10.2%
Next Earnings Update
29 Jan 2025
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How International Business Machines makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
WBAG:IBM Revenue, expenses and earnings (USD Millions)
Date
Revenue
Earnings
G+A Expenses
R&D Expenses
30 Sep 24
62,580
6,373
19,079
7,260
30 Jun 24
62,365
8,404
18,799
7,069
31 Mar 24
62,069
8,155
18,581
6,916
31 Dec 23
61,860
7,514
18,482
6,775
30 Sep 23
61,171
7,098
24,493
6,631
30 Jun 23
60,526
2,170
24,651
6,557
31 Mar 23
60,585
2,054
24,889
6,543
31 Dec 22
60,530
1,782
25,090
6,567
30 Sep 22
60,534
1,376
19,581
6,588
30 Jun 22
59,678
5,627
19,656
6,583
31 Mar 22
58,363
4,972
19,681
6,551
31 Dec 21
57,351
4,713
20,027
6,488
30 Sep 21
42,582
1,946
18,365
6,403
30 Jun 21
46,892
2,608
18,664
6,312
31 Mar 21
50,793
3,159
19,004
6,253
31 Dec 20
55,179
3,932
20,561
6,262
30 Sep 20
75,030
7,905
21,378
6,318
30 Jun 20
75,497
7,879
21,429
6,303
31 Mar 20
76,536
9,018
21,090
6,128
31 Dec 19
57,714
7,146
18,724
5,910
30 Sep 19
77,131
7,719
19,864
5,698
30 Jun 19
77,858
8,738
19,617
5,450
31 Mar 19
78,701
8,641
19,801
5,407
31 Dec 18
79,591
8,723
19,366
5,379
30 Sep 18
80,373
5,718
20,631
5,399
30 Jun 18
80,771
5,751
21,557
5,438
31 Mar 18
80,056
5,680
21,009
5,511
31 Dec 17
79,139
5,758
21,137
5,590
30 Sep 17
78,366
11,316
20,442
5,643
30 Jun 17
78,439
11,445
19,497
5,749
31 Mar 17
79,390
11,617
20,129
5,777
31 Dec 16
79,919
11,881
20,225
5,726
30 Sep 16
80,208
11,836
20,188
5,682
30 Jun 16
80,261
11,943
20,100
5,572
31 Mar 16
80,835
12,965
19,788
5,407
31 Dec 15
81,741
13,364
19,589
5,247
30 Sep 15
83,795
14,417
19,844
5,205
30 Jun 15
86,913
14,911
20,474
5,272
31 Mar 15
90,147
15,637
21,054
5,333
31 Dec 14
92,793
15,751
21,549
5,437
30 Sep 14
96,066
16,453
22,131
5,569
30 Jun 14
97,007
17,137
22,116
5,571
31 Mar 14
97,196
16,379
22,183
5,501
31 Dec 13
98,368
16,881
22,395
5,743
Quality Earnings: IBM has a large one-off loss of $2.8B impacting its last 12 months of financial results to 30th September, 2024.
Growing Profit Margin: IBM's current net profit margins (10.2%) are lower than last year (11.6%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: IBM's earnings have declined by 3.2% per year over the past 5 years.
Accelerating Growth: IBM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: IBM had negative earnings growth (-10.2%) over the past year, making it difficult to compare to the IT industry average (1.7%).
Return on Equity
High ROE: Whilst IBM's Return on Equity (25.98%) is high, this metric is skewed due to their high level of debt.