International Business Machines (IBM) Revenue — Quarter Ended Sep 30, 2025
Revenue declined from the prior quarter but increased compared to the same quarter one year earlier. The trailing twelve-month revenue remained below earlier levels.
Key takeaway
Quarter ended Sep 30, 2025 · FY2025 Q3
Revenue declined from the prior quarter but increased compared to the same quarter one year earlier. The trailing twelve-month revenue remained below earlier levels.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$16.3B
Revenue reported for this quarter.
Quarter-over-quarter
-3.8%
Change from the immediately preceding quarter.
Year-over-year
+9.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$65.4B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2024 | $17.6B | +1.0% |
| Mar 31, 2025 | $14.5B | +0.5% |
| Jun 30, 2025 | $17B | +7.7% |
| Sep 30, 2025 | $16.3B | +9.1% |
Revenue performance
The reported revenue decreased from the immediately preceding quarter, reflecting a sequential downturn. However, on a year-over-year basis, revenue showed growth relative to the same period one year ago.
Quarterly comparison
Compared to the prior quarter, revenue was lower. Compared to the same quarter last year, revenue was higher, indicating a mixed trend period over period.
What to watch
The sequential revenue decline warrants attention, particularly given the year-over-year improvement in the same quarter.