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Revenue by Segment
Breaks down IBM’s sales across its various divisions, showcasing which segments are growing and contributing most to overall revenue.
Software is clearly the growth engine—steady year‑over‑year gains with pronounced December‑quarter spikes, suggesting successful product monetization and large year‑end deal closings; Consulting is a steady, incremental grower that stabilizes revenue. Infrastructure shows a meaningful recovery with a late‑2025 Q4 surge, implying renewed hardware/system refresh or cloud migration demand. Financing is immaterial and Other is noisy (even occasionally negative), so durable upside depends on whether the strong Q4 deal cadence and higher‑margin software mix are sustainable into regular quarters.
IBM Revenue by Segment
| Date | Other | Software | Consulting | Infrastructure | Financing |
|---|---|---|---|---|---|
| Sep 30, 2026 | $66.00M | $7.80B | $5.33B | $3.71B | $192.00M |
| Jun 30, 2026 | $52.00M | $7.76B | $5.33B | $3.83B | $186.00M |
| Mar 31, 2026 | $48.00M | $7.05B | $5.27B | $3.33B | $220.00M |
| Dec 31, 2025 | -$5.00M | $9.03B | $5.35B | $5.13B | $179.00M |
| Sep 30, 2025 | $38.00M | $7.21B | $5.32B | $3.56B | $200.00M |
| Jun 30, 2025 | -$31.00M | $7.39B | $5.31B | $4.14B | $166.00M |
| Mar 31, 2025 | $61.00M | $6.34B | $5.07B | $2.89B | $191.00M |
| Dec 31, 2024 | $29.00M | $7.92B | $5.17B | $4.26B | $170.00M |
| Sep 30, 2024 | $68.00M | $6.52B | $5.15B | $3.04B | $181.00M |
| Jun 30, 2024 | $38.00M | $6.74B | $5.18B | $3.65B | $169.00M |
| Mar 31, 2024 | $108.00M | $5.90B | $5.19B | $3.08B | $193.00M |
| Dec 31, 2023 | $41.00M | $7.51B | $5.05B | $4.60B | $175.00M |
| Sep 30, 2023 | $67.00M | $6.26B | $4.96B | $3.27B | $186.00M |
| Jun 30, 2023 | $51.00M | $6.61B | $5.01B | $3.62B | $185.00M |
| Mar 31, 2023 | $75.00M | $5.92B | $4.96B | $3.10B | $196.00M |
| Dec 31, 2022 | -$22.00M | $7.29B | $4.77B | $4.48B | $172.00M |
| Sep 30, 2022 | $70.00M | $5.81B | $4.70B | $3.35B | $174.00M |
| Jun 30, 2022 | $180.00M | $6.17B | $4.81B | $4.24B | $146.00M |
| Mar 31, 2022 | $224.00M | $5.77B | $4.83B | $3.22B | $154.00M |
| Dec 31, 2021 | $275.00M | $7.09B | $4.75B | $4.41B | $172.00M |
| Sep 30, 2021 | $282.00M | $5.41B | $4.46B | $2.92B | $184.00M |
| Jun 30, 2021 | $277.00M | $5.79B | $4.38B | $3.56B | $209.00M |
| Mar 31, 2021 | $284.00M | $5.14B | $4.26B | $3.24B | $208.00M |
