International Business Machines (IBM) revenue breakdown
By segment, Software is the largest at 44% of fiscal 2025 revenue; Consulting grew fastest, 4% a year over 6 years.
By product, Sales is the largest at 53% of fiscal 2025 revenue, growing 3% a year over 8 years.
Revenue by segment
Fiscal years, as International Business Machines reports them in its 10-K filings; fiscal 2025 total $67.5B.
| Segments | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|
| Software | $24.9B | $25.0B | $22.4B | $22.1B | $23.4B | $23.6B | $25.0B | $27.1B | $30.0B | 44% |
| Consulting | — | — | $16.9B | $16.3B | $17.8B | $20.1B | $20.9B | $20.7B | $21.1B | 31% |
| Infrastructure | — | — | $15.8B | $14.5B | $14.2B | $15.3B | $14.6B | $14.0B | $15.7B | 23% |
| Financing | — | — | $1.2B | $975M | $774M | $645M | $741M | $713M | $737M | 1% |
| Global Technology Services | $29.9B | $30.0B | — | — | — | — | — | — | — | — |
| Global Business Services | $16.4B | $17.1B | — | — | — | — | — | — | — | — |
| Systems | $8.9B | $8.8B | — | — | — | — | — | — | — | — |
| Global Financing | $3.2B | $3.2B | — | — | — | — | — | — | — | — |
Revenue by product
Fiscal years, as International Business Machines reports them in its 10-K filings; fiscal 2025 total $67.5B.
| Products | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | $28.8B | $28.7B | $27.4B | $26.6B | $27.3B | $29.7B | $30.7B | $32.2B | $36.1B | 53% |
| Services | $48.7B | $49.3B | $29.1B | $27.6B | $29.2B | $30.2B | $30.4B | $29.8B | $30.7B | 45% |
| Financing | $1.7B | $1.6B | $1.2B | $984M | $780M | $651M | $737M | $709M | $737M | 1% |
Revenue by region
Fiscal years, as International Business Machines reports them in its 10-K filings; fiscal 2025 total $67.5B.
| Regions | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|
| Americas | $37.0B | $28.7B | $27.1B | $28.3B | $31.1B | $31.7B | $31.3B | $33.3B | 49% |
| Europe/Middle East/Africa | $25.5B | $17.3B | $16.8B | $17.4B | $17.9B | $18.5B | $19.4B | $22.2B | 33% |
| Asia Pacific | $17.1B | $11.7B | $11.3B | $11.6B | $11.5B | $11.7B | $12.1B | $12.0B | 18% |
Questions
Where does International Business Machines make its money?
In fiscal 2025, by segment: Software $30.0B, Consulting $21.1B, Infrastructure $15.7B, Financing $737M.
From International Business Machines's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.