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CONSOLIDATED STATEMENT OF EQUITY - USD ($)
$ in Millions
Total
Total IBM Stockholders' Equity
Common Stock and Additional Paid-in Capital
Retained Earnings
Treasury Stock
Accumulated Other Comprehensive Income/(Loss)
Non- Controlling Interests
Balance at the beginning of the period at Dec. 31, 2024 $ 27,393 $ 27,307 $ 61,380 $ 151,163 $ (169,968) $ (15,269) $ 86
Net income plus other comprehensive income/(loss):              
Net income 3,249 3,249   3,249      
Other comprehensive income/(loss) (772) (772)       (772)  
Total comprehensive income 2,476 2,476          
Cash dividends paid — common stock (3,112) (3,112)   (3,112)      
Common stock issued under employee plans 1,012 1,012 1,012        
Purchases and sales of treasury stock under employee plans — net (174) (174)   67 (241)    
Changes in noncontrolling interests (7)           (7)
Balance at the end of the period at Jun. 30, 2025 27,588 27,509 62,392 151,367 (170,209) (16,041) 79
Balance at the beginning of the period at Mar. 31, 2025 26,953 26,880 61,913 150,703 (170,160) (15,575) 72
Net income plus other comprehensive income/(loss):              
Net income 2,194 2,194   2,194      
Other comprehensive income/(loss) (466) (466)       (466)  
Total comprehensive income 1,728 1,728          
Cash dividends paid — common stock (1,563) (1,563)   (1,563)      
Common stock issued under employee plans 479 479 479        
Purchases and sales of treasury stock under employee plans — net (15) (15)   34 (49)    
Changes in noncontrolling interests 7           7
Balance at the end of the period at Jun. 30, 2025 27,588 27,509 62,392 151,367 (170,209) (16,041) 79
Balance at the beginning of the period at Dec. 31, 2025 32,740 32,648 63,318 155,648 (170,605) (15,713) 93
Net income plus other comprehensive income/(loss):              
Net income 3,381 3,381   3,381      
Other comprehensive income/(loss) 562 562       562  
Total comprehensive income 3,943 3,943          
Cash dividends paid — common stock (3,166) (3,166)   (3,166)      
Common stock issued under employee plans 1,284 1,284 1,284        
Purchases and sales of treasury stock under employee plans — net (255) (255)   74 (329)    
Other equity (1) (1) (1) 0      
Changes in noncontrolling interests (4)           (4)
Balance at the end of the period at Jun. 30, 2026 34,541 34,452 64,600 155,937 (170,934) (15,151) 89
Balance at the beginning of the period at Mar. 31, 2026 33,056 32,974 63,936 155,327 (170,874) (15,415) 81
Net income plus other comprehensive income/(loss):              
Net income 2,165 2,165   2,165      
Other comprehensive income/(loss) 263 263       263  
Total comprehensive income 2,429 2,429          
Cash dividends paid — common stock (1,590) (1,590)   (1,590)      
Common stock issued under employee plans 666 666 666        
Purchases and sales of treasury stock under employee plans — net (25) (25)   35 (60)    
Other equity (1) (1) (1) 0      
Changes in noncontrolling interests 8           8
Balance at the end of the period at Jun. 30, 2026 $ 34,541 $ 34,452 $ 64,600 $ 155,937 $ (170,934) $ (15,151) $ 89