Cost of revenue · 2011–2025
International Business Machines cost of revenue
$28.2B+3.8% · FY2025
International Business Machines (IBM) reported $28.2B in cost of revenue for fiscal 2025, +3.8% year on year.
| Fiscal year | Cost of revenue | Change | Filing |
|---|---|---|---|
| FY20252025-12-31 | $28.2B | +3.8% | Open → |
| FY20242024-12-31 | $27.2B | −1.3% | Open → |
| FY20232023-12-31 | $27.6B | −1.0% | Open → |
| FY20222022-12-31 | $27.8B | +7.6% | Open → |
| FY20212021-12-31 | $25.9B | +6.4% | Open → |
| FY20202020-12-31 | $24.3B | −7.1% | Open → |
| FY20192019-12-31 | $26.2B | −38.6% | Open → |
| FY20182018-12-31 | $42.7B | +1.1% | Open → |
| FY20172017-12-31 | $42.2B | +1.9% | Open → |
| FY20162016-12-31 | $41.4B | +0.8% | Open → |
| FY20152015-12-31 | $41.1B | −11.5% | Open → |
| FY20142014-12-31 | $46.4B | −6.6% | Open → |
| FY20132013-12-31 | $49.7B | −5.4% | Open → |
| FY20122012-12-31 | $52.5B | −7.5% | Open → |
| FY20112011-12-31 | $56.8B | — | Open → |
Cost of revenue — Cost of revenue is the direct cost of producing what the company sold — materials, manufacturing and the labour tied to delivery. It excludes sales, marketing and administration. Revenue minus this figure is gross profit.
Every row links to its own SEC filing · Fiscal year 2025 · Data as of September 25, 2026 · 2011–2025 compound annual growth −4.9%
Cost of revenue at companies of similar size
Cite this page
Ready-made references for the figures on this page, as published on September 25, 2026.
Wikipedia
{{cite web |title=International Business Machines cost of revenue |url=https://companiesranked.com/en/company/international-business-machines/cost-of-revenue |website=CompaniesRanked |date=2026-09-25 |language=en}}APA 7
CompaniesRanked. (September 25, 2026). International Business Machines cost of revenue. CompaniesRanked. https://companiesranked.com/en/company/international-business-machines/cost-of-revenueBibTeX
@misc{companiesranked-en-company-international-business-machines-cost-of-revenue-2026,
author = {{CompaniesRanked}},
title = {{International Business Machines cost of revenue}},
year = {2026},
howpublished = {\url{https://companiesranked.com/en/company/international-business-machines/cost-of-revenue}},
note = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
urldate = {2026-09-25}
}The filing itself
The numbers above are read from this document: 10-K · 0000051143-26-000010 · February 24, 2026
{{cite web |title=International Business Machines cost of revenue — 10-K (0000051143-26-000010) |url=https://www.sec.gov/Archives/edgar/data/51143/000005114326000010/ibm-20251231.htm |website=SEC EDGAR |publisher=U.S. Securities and Exchange Commission |date=2026-02-24}}The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.