Tax
International Business Machines·Income Statement·62 metrics
Breakdown
| Metric | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Stock-Based Compensation Tax Benefit | $101.0M | $131.0M | $116.0M | $194.0M | $156.0M | $228.0M | $162.0M | $207.0M |
| Share-Based Compensation Tax Benefit | $101.0M | $131.0M | $116.0M | $194.0M | $156.0M | $228.0M | $162.0M | $207.0M |
| Share-Based Compensation Tax Benefit | $101.0M | $131.0M | $116.0M | $194.0M | $156.0M | $228.0M | $162.0M | $207.0M |
| Income tax expense | $389.0M | -$485.0M | — | $103.0M | $404.0M | $686.0M | -$1.4B | $172.0M |
| Effective Tax Rate Statutory Reconciliation | $0.1 | $0.1 | $0.1 | $0.1 | $0.1 | $0.1 | $0.1 | — |
| Unrecognized Tax Benefits Current Period Increases | $166.8M | $166.8M | $166.8M | $79.0M | $79.0M | $79.0M | $79.0M | — |
| Unrecognized Tax Benefits Prior Period Decreases | $238.8M | $238.8M | $238.8M | $710.8M | $710.8M | $710.8M | $710.8M | — |
| Cash Paid for Income Taxes | $430.8M | $430.8M | $430.8M | $487.0M | $487.0M | $487.0M | $487.0M | — |
| Tax Effect of Discontinued Operations | $1.5M | $1.5M | $1.5M | -$5.0M | -$5.0M | -$5.0M | -$5.0M | — |
| Deferred Foreign Tax Expense (Benefit) | $50.8M | $50.8M | $50.8M | -$177.0M | -$177.0M | -$177.0M | -$177.0M | — |
| Income Tax at U.S. Statutory Rate | $0.1 | $0.1 | $0.1 | $542.3M | $542.3M | $542.3M | $542.3M | — |
| State and Local Income Taxes, Net | $38.0M | $38.0M | $38.0M | $33.8M | $33.8M | $33.8M | $33.8M | — |
| Tax Reconciliation: Other Adjustments | -$0.0 | -$0.0 | -$0.0 | — | — | — | — | — |
| Tax Reconciliation: Research and Other Credits | — | — | — | $0.0 | $0.0 | $0.0 | $0.0 | — |
| Tax Reconciliation: Change in Valuation Allowance | — | — | — | -$0.0 | -$0.0 | -$0.0 | -$0.0 | — |
| Current State Tax Expense | $38.0M | $38.0M | $38.0M | $33.8M | $33.8M | $33.8M | $33.8M | — |
| Deferred Foreign Tax Expense | $50.8M | $50.8M | $50.8M | -$177.0M | -$177.0M | -$177.0M | -$177.0M | — |
| Tax Effect of Discontinued Operations | $1.5M | $1.5M | $1.5M | -$5.0M | -$5.0M | -$5.0M | -$5.0M | — |
| Tax Reconciliation, Enacted Tax Rate Change | — | — | — | $0.0 | $0.0 | $0.0 | $0.0 | — |
| Tax Reconciliation, Federal Statutory Amount | $0.1 | $0.1 | $0.1 | $542.3M | $542.3M | $542.3M | $542.3M | — |
| Tax Reconciliation, Foreign Rate Differential | -$0.0 | -$0.0 | -$0.0 | — | — | — | — | — |
| Tax Reconciliation, Other Items | -$0.0 | -$0.0 | -$0.0 | — | — | — | — | — |
| Tax Reconciliation, State and Local Taxes | -$0.0 | -$0.0 | -$0.0 | -$0.0 | -$0.0 | -$0.0 | -$0.0 | — |
| Tax Reconciliation, Valuation Allowance Change | — | — | — | -$19.3M | -$19.3M | -$19.3M | -$19.3M | — |
| Current State and Local Tax Expense (Benefit) | $38.0M | $38.0M | $38.0M | $33.8M | $33.8M | $33.8M | $33.8M | — |
| Deferred Foreign Tax Expense (Benefit) | $50.8M | $50.8M | $50.8M | -$177.0M | -$177.0M | -$177.0M | -$177.0M | — |
| Income Taxes Paid, Net | $430.8M | $430.8M | $430.8M | $487.0M | $487.0M | $487.0M | $487.0M | — |
| Current State and Local Tax Expense | $38.0M | $38.0M | $38.0M | $33.8M | $33.8M | $33.8M | $33.8M | — |
| Deferred Foreign Tax Expense | $50.8M | $50.8M | $50.8M | -$177.0M | -$177.0M | -$177.0M | -$177.0M | — |
| Federal Income Tax Expense (Benefit), Continuing Operations | -$634.8M | -$634.8M | -$634.8M | -$460.5M | -$460.5M | -$460.5M | -$460.5M | — |
| Foreign Income Tax Expense (Benefit), Continuing Operations | $626.0M | $626.0M | $626.0M | $398.8M | $398.8M | $398.8M | $398.8M | — |
| State and Local Income Tax Expense (Benefit), Continuing Operations | -$45.8M | -$45.8M | -$45.8M | $1.3M | $1.3M | $1.3M | $1.3M | — |
| Tax Reconciliation at Federal Statutory Rate | $0.1 | $0.1 | $0.1 | $0.1 | $0.1 | $0.1 | $0.1 | — |
| Tax Effect of Discontinued Operations | $1.5M | $1.5M | $1.5M | -$5.0M | -$5.0M | -$5.0M | -$5.0M | — |
| Current State and Local Tax Expense (Benefit) | $38.0M | $38.0M | $38.0M | $33.8M | $33.8M | $33.8M | $33.8M | — |
| Tax Provision for Discontinued Operations | $1.5M | $1.5M | $1.5M | -$5.0M | -$5.0M | -$5.0M | -$5.0M | — |
| Tax Reconciliation - Federal Statutory Rate | $0.1 | $0.1 | $0.1 | $0.1 | $0.1 | $0.1 | $0.1 | — |
| Tax Reconciliation - Tax Exempt Income | — | — | — | $0.0 | $0.0 | $0.0 | $0.0 | — |
| Current Federal Tax Expense | -$83.8M | -$83.8M | -$83.8M | -$430.5M | -$430.5M | -$430.5M | -$430.5M | — |
| Current Foreign Tax Expense | $575.3M | $575.3M | $575.3M | $575.8M | $575.8M | $575.8M | $575.8M | — |
| Current State and Local Tax Expense | $38.0M | $38.0M | $38.0M | $33.8M | $33.8M | $33.8M | $33.8M | — |
| Deferred Federal Tax Expense | -$551.0M | -$551.0M | -$551.0M | -$29.8M | -$29.8M | -$29.8M | -$29.8M | — |
| Deferred Foreign Tax Expense | $50.8M | $50.8M | $50.8M | -$177.0M | -$177.0M | -$177.0M | -$177.0M | — |
| Deferred Income Tax Expense (Benefit) | -$582.5M | -$582.5M | -$582.5M | -$239.3M | -$239.3M | -$239.3M | -$239.3M | — |
| Deferred State and Local Tax Expense | -$83.8M | -$83.8M | -$83.8M | -$32.5M | -$32.5M | -$32.5M | -$32.5M | — |
| Income Taxes Paid, Net | $430.8M | $430.8M | $430.8M | $487.0M | $487.0M | $487.0M | $487.0M | — |
| Tax Effect of Discontinued Operations | $1.5M | $1.5M | $1.5M | -$5.0M | -$5.0M | -$5.0M | -$5.0M | — |
| Excess Tax Benefits from Share-Based Compensation | — | — | — | -$54.3M | -$54.3M | -$54.3M | -$54.3M | — |
| Statutory Federal Income Tax Rate | $0.1 | $0.1 | $0.1 | $0.1 | $0.1 | $0.1 | $0.1 | — |
| Tax Reconciliation: Enacted Rate Change | — | — | — | $77.0M | $77.0M | $77.0M | $77.0M | — |
| Tax Reconciliation: Foreign Tax Credits | — | — | — | $71.3M | $71.3M | $71.3M | $71.3M | — |
| Change in Tax Valuation Allowance | — | — | — | -$19.3M | -$19.3M | -$19.3M | -$19.3M | — |
| Current State and Local Tax Expense (Benefit) | $38.0M | $38.0M | $38.0M | $33.8M | $33.8M | $33.8M | $33.8M | — |
| Deferred Foreign Tax Expense (Benefit) | $50.8M | $50.8M | $50.8M | -$177.0M | -$177.0M | -$177.0M | -$177.0M | — |
| Current State and Local Tax Expense (Benefit) | $38.0M | $38.0M | $38.0M | $33.8M | $33.8M | $33.8M | $33.8M | — |
| Deferred Foreign Tax Expense (Benefit) | $50.8M | $50.8M | $50.8M | -$177.0M | -$177.0M | -$177.0M | -$177.0M | — |
| Income and Other Taxes | $430.8M | $430.8M | $430.8M | $487.0M | $487.0M | $487.0M | $487.0M | — |
| Current State and Local Tax Expense | $38.0M | $38.0M | $38.0M | $33.8M | $33.8M | $33.8M | $33.8M | — |
| Deferred Foreign Tax Expense | $50.8M | $50.8M | $50.8M | -$177.0M | -$177.0M | -$177.0M | -$177.0M | — |
| Tax Reconciliation Federal Statutory Rate | $0.1 | $0.1 | $0.1 | $0.1 | $0.1 | $0.1 | $0.1 | — |
| Tax Reconciliation Other Adjustments | -$0.0 | -$0.0 | -$0.0 | — | — | — | — | — |
| Tax Reconciliation State and Local Taxes | -$0.0 | -$0.0 | -$0.0 | -$0.0 | -$0.0 | -$0.0 | -$0.0 | — |