INTERNATIONAL BUSINESS MACHINES CORP
For the period ended Oct 21, 2026. Filed Oct 21, 2026.
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Oct 21, 2026 · Filed Oct 21, 2026
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Contents
EX-99.1 · SEGMENT DATA
SEGMENT DATA
| ($ in millions) · Software · Consulting · Infrastructure · Financing | ||||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | $7,804 | $5,335 | $3,707 | $192 | ||||
| Segment profit | $2,734 | $653 | $715 | $108 | ||||
| Segment profit margin | 35.0 | % | 12.2 | % | 19.3 | % | 56.1 | % |
| Change YTY revenue | 8.2 | % | 0.2 | % | 4.2 | % | (3.9) | % |
| Change YTY revenue - constant currency | 8.7 | % | 1.8 | % | 4.9 | % | (3.3) | % |
| ($ in millions) · Software · Consulting · Infrastructure · Financing | ||||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | $7,209 | $5,324 | $3,559 | $200 | ||||
| Segment profit | $2,374 | $686 | $644 | $123 | ||||
| Segment profit margin | 32.9 | % | 12.9 | % | 18.1 | % | 61.6 | % |
| ($ in millions) · Software · Consulting · Infrastructure · Financing | ||||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | $22,617 | $15,934 | $10,868 | $598 | ||||
| Segment Profit | $7,335 | $1,858 | $2,074 | $334 | ||||
| Segment Profit Margin | 32.4 | % | 11.7 | % | 19.1 | % | 55.9 | % |
| Change YTY Revenue | 8.1 | % | 1.5 | % | 2.7 | % | 7.3 | % |
| Change YTY Revenue - Constant Currency | 7.0 | % | 1.2 | % | 1.9 | % | 5.7 | % |
| ($ in millions) · Software · Consulting · Infrastructure · Financing | ||||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | $20,932 | $15,706 | $10,586 | $557 | ||||
| Segment Profit | $6,517 | $1,807 | $1,857 | $371 | ||||
| Segment Profit Margin | 31.1 | % | 11.5 | % | 17.5 | % | 66.5 | % |
U.S. GAAP TO OPERATING (Non-GAAP) RESULTS RECONCILIATION
| Continuing Operations | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| GAAP · Acquisition-Related Adjustments (1) · Retirement-Related Adjustments (2) · Tax Reform Impacts · Operating (Non-GAAP) | ||||||||||
| Gross profit | $9,714 | $289 | $— | $— | $10,004 | |||||
| Gross profit margin | 56.8 | % | 1.7 | pts | — | pts | — | pts | 58.5 | % |
| SG&A | $4,620 | $(428) | $— | $— | $4,193 | |||||
| Other (income) & expense | (109) | 0 | (91) | — | (200) | |||||
| Total expense & other (income) | 7,217 | (418) | (91) | — | 6,708 | |||||
| Pre-tax income from continuing operations | 2,497 | 707 | 91 | — | 3,295 | |||||
| Pre-tax margin from continuing operations | 14.6 | % | 4.1 | pts | 0.5 | pts | — | pts | 19.3 | % |
| Provision for/(benefit from) income taxes (3) | $298 | $166 | $20 | — | $483 | |||||
| Effective tax rate | 11.9 | % | 2.5 | pts | 0.3 | pts | — | pts | 14.7 | % |
| Income from continuing operations | $2,199 | $542 | $71 | $— | $2,812 | |||||
| Income margin from continuing operations | 12.9 | % | 3.2 | pts | 0.4 | pts | — | pts | 16.4 | % |
| Diluted earnings per share: continuing operations | $2.31 | $0.57 | $0.07 | $— | $2.95 | |||||
| Continuing Operations | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| GAAP · Acquisition-Related Adjustments (1) · Retirement-Related Adjustments (2) · Tax Reform Impacts · Operating (Non-GAAP) | ||||||||||
| Gross profit | $9,360 | $231 | $— | $— | $9,591 | |||||
| Gross profit margin | 57.3 | % | 1.4 | pts | — | pts | — | pts | 58.7 | % |
| SG&A | $4,748 | $(354) | $— | $— | $4,394 | |||||
| Other (income) & expense | (173) | (6) | (13) | — | (191) | |||||
| Total expense & other (income) | 6,931 | (359) | (13) | — | 6,559 | |||||
| Pre-tax income from continuing operations | 2,430 | 590 | 13 | — | 3,033 | |||||
| Pre-tax margin from continuing operations | 14.9 | % | 3.6 | pts | 0.1 | pts | — | pts | 18.6 | % |
| Provision for/(benefit from) income taxes (3) | $686 | $136 | $3 | $(309) | $516 | |||||
| Effective tax rate | 28.2 | % | (1.0) | pts | 0.0 | pts | (10.2) | pts | 17.0 | % |
| Income from continuing operations | $1,744 | $454 | $10 | $309 | $2,517 | |||||
| Income margin from continuing operations | 10.7 | % | 2.8 | pts | 0.1 | pts | 1.9 | pts | 15.4 | % |
| Diluted earnings per share: continuing operations | $1.84 | $0.48 | $0.01 | $0.33 | $2.65 | |||||
(1)Includes amortization of acquired intangible assets and acquisition-related charges such as in-process research and development, transaction costs, applicable retention, restructuring and related expenses, tax charges related to acquisition integration, and pre-closing charges, such as financing costs.
(2)Includes amortization of prior service costs, interest cost, expected return on plan assets, amortized actuarial gains/losses, the impacts of any plan curtailments/settlements and pension insolvency costs and other costs.
(3)The tax impact on operating (non-GAAP) pre-tax income from continuing operations is calculated under the same accounting principles applied to the GAAP pre-tax income.
U.S. GAAP TO OPERATING (Non-GAAP) RESULTS RECONCILIATION
| Continuing Operations | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| GAAP · Acquisition-Related Adjustments (1) · Retirement-Related Adjustments (2) · Tax Reform Impacts · Operating (Non-GAAP) | ||||||||||
| Gross Profit | $28,571 | $813 | $— | $— | $29,384 | |||||
| Gross Profit Margin | 56.9 | % | 1.6 | pts | — | pts | — | pts | 58.6 | % |
| SG&A | $14,691 | $(1,257) | $— | $— | $13,435 | |||||
| Other (Income) & Expense | (296) | 1 | (283) | — | (578) | |||||
| Total Expense & Other (Income) | 22,208 | (1,256) | (283) | — | 20,669 | |||||
| Pre-tax Income from Continuing Operations | 6,363 | 2,069 | 283 | — | 8,715 | |||||
| Pre-tax Margin from Continuing Operations | 12.7 | % | 4.1 | pts | 0.6 | pts | — | pts | 17.4 | % |
| Provision for/(Benefit from) Income Taxes (3) | $782 | $470 | $43 | $(6) | $1,290 | |||||
| Effective Tax Rate | 12.3 | % | 2.5 | pts | 0.1 | pts | (0.1) | pts | 14.8 | % |
| Income from Continuing Operations | $5,581 | $1,598 | $240 | $6 | $7,425 | |||||
| Income Margin from Continuing Operations | 11.1 | % | 3.2 | pts | 0.5 | pts | 0.0 | pts | 14.8 | % |
| Diluted Earnings Per Share: Continuing Operations | $5.86 | $1.68 | $0.25 | $0.01 | $7.79 | |||||
| Continuing Operations | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| GAAP · Acquisition-Related Adjustments (1) · Retirement-Related Adjustments (2) · Tax Reform Impacts · Operating (Non-GAAP) | ||||||||||
| Gross Profit | $27,369 | $657 | $— | $— | $28,025 | |||||
| Gross Profit Margin | 57.2 | % | 1.4 | pts | — | pts | — | pts | 58.6 | % |
| SG&A | $14,661 | $(1,055) | $— | $— | $13,606 | |||||
| Other (Income) & Expense | (376) | (7) | (61) | — | (444) | |||||
| Total Expense & Other (Income) | 21,184 | (1,066) | (61) | — | 20,058 | |||||
| Pre-tax Income from Continuing Operations | 6,185 | 1,723 | 61 | — | 7,968 | |||||
| Pre-tax Margin from Continuing Operations | 12.9 | % | 3.6 | pts | 0.1 | pts | — | pts | 16.7 | % |
| Provision for/(Benefit from) Income Taxes (3) | $1,193 | $396 | $0 | $(307) | $1,282 | |||||
| Effective Tax Rate | 19.3 | % | 0.8 | pts | (0.2) | pts | (3.9) | pts | 16.1 | % |
| Income from Continuing Operations | $4,992 | $1,326 | $61 | $307 | $6,686 | |||||
| Income Margin from Continuing Operations | 10.4 | % | 2.8 | pts | 0.1 | pts | 0.6 | pts | 14.0 | % |
| Diluted Earnings Per Share: Continuing Operations | $5.27 | $1.40 | $0.06 | $0.32 | $7.06 | |||||
(1)Includes amortization of acquired intangible assets, and acquisition-related charges such as in-process research and development, transaction costs, applicable retention, restructuring and related expenses, tax charges related to acquisition integration, and pre-closing charges, such as financing costs.
(2)Includes amortization of prior service costs, interest cost, expected return on plan assets, amortized actuarial gains/losses, the impacts of any plan curtailments/settlements and pension insolvency costs and other costs.
(3)The tax impact on operating (non-GAAP) pre-tax income from continuing operations is calculated under the same accounting principles applied to the GAAP pre-tax income.
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