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International Business Machines IBM Federal Income Tax Expense (Benefit), Continuing Operations

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International Business Machines logo
International Business MachinesIBM
-$460.5M+27.5%
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Other financials

Income statement

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Revenue$15.9B+9.5%
Gross profit$9.9B-0.7%
Net income$1.2B+15.3%
EPS (diluted)$2.27-1.7%

Balance sheet

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Cash & equivalents$10.9B-2.7%
Total debt$77.4B+4.9%
Total equity$33.0B+22.7%
Total assets$156.23B+7.3%

Cash flow

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Operating cash flow$2.6B+52.7%
CapEx-$975.0M-564%
Free cash flow$1.6B+8.8%

Valuation

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Market cap$222.27B-5.4%
Enterprise value$288.76B+0.3%

Profitability

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Gross margin58.4%+1.3pp
Net margin15.6%+6.9pp
FCF margin18.7%-1.3pp

Returns & leverage

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Return on equity35.9%+14.1pp
Debt / equity2.3×-0.4×
Current ratio0.8×-0.2×

Where this comes from

Reported directly by International Business Machines in its filing.

Tagged under the XBRL concept us-gaap:FederalIncomeTaxExpenseBenefitContinuingOperations.

The source filing: International Business Machines’s 10-K, filed February 24, 2026. Open the filing →

Filed
Feb 24, 2026, 4:07 PM EST
Fiscal year
FY2025
Accession
0000051143-26-000010

FAQ

What is International Business Machines's federal income tax expense (benefit), continuing operations?
International Business Machines (IBM) reported federal income tax expense (benefit), continuing operations of -$460.5M in Q4 2025.
How has International Business Machines's federal income tax expense (benefit), continuing operations changed year-over-year?
International Business Machines's federal income tax expense (benefit), continuing operations increased by 27.5% year-over-year, from -$634.75M to -$460.5M.
What is the long-term trend for International Business Machines's federal income tax expense (benefit), continuing operations?
Over 4 years (2021 to 2025), International Business Machines's federal income tax expense (benefit), continuing operations has grown at a 17.0% compound annual growth rate (CAGR), from -$984M to -$1.84B.
What does federal income tax expense (benefit), continuing operations mean?
The total federal income tax expense or benefit attributable to the company's ongoing business operations. This excludes taxes related to discontinued operations, providing a clearer view of the tax burden on core activities.