Short answer
IBM (IBM) filed its Q3 2025 10-Q quarterly report on Oct 23, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $16.3B (up 9.1% year over year) with net income of $1.7B.
Q3 2025 key financials · XBRL
- Revenue
- $16.3B
- +9.1% YoY · −3.8% QoQ
- Net income
- $1.7B
- +628.5% YoY · −20.5% QoQ
- Gross margin
- 57.3%
- EPS (diluted)
- $1.84
- +611.1% YoY · −20.3% QoQ
Source: XBRL data from the IBM (IBM) Q3 2025 10-Q on SEC EDGAR. USD.
IBM Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $16.3B, up 9.1% YoY ($14.97B prior year); growth driven by Software +10.5% and Infrastructure +17.0%
- Income from continuing operations margin 10.7% vs (2.1)% YoY; Operating (non-GAAP) net income margin 15.4% vs 14.4%
- Best segment: Infrastructure revenue +17.0%, segment profit margin 18.1% vs 13.9% YoY; Worst: Consulting - lower signings (-4.1%) though revenue +3.3%
- Operating cash flow $3.1B Q3 2025, up $0.2B YoY; free cash flow $2.4B, up $0.3B; $7.9B invested in acquisitions YTD, including HashiCorp
- Management bullish on hybrid cloud and AI growth; launched IBM z17 and Power11; expects 2025 retirement costs ~$1.1B; notes currency impact and U.S. tax reform charge $0.3B non-cash withheld from operating earnings
Risk Factors
- Section 'risk_factors' was empty or not found.
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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