AI English summary of an SEC filing — figures as filed

The company said revenue for Q3 2025 rose to $16.3 billion, up 9% (up 7% at constant currency). By segment, Software rose 10%, Consulting rose 3%, and Infrastructure rose 17%.

8-KResults of Operations and Financial ConditionFiled Oct 22, 2025Period of report Oct 22, 2025Summary published (UTC) Oct 7, 2026

Key points

AI summary

The company said revenue for Q3 2025 rose to $16.3 billion, up 9% (up 7% at constant currency). By segment, Software rose 10%, Consulting rose 3%, and Infrastructure rose 17%.
IBM said its GAAP gross profit margin for the third quarter was 57.3%, up 1.1 points, and its GAAP pre-tax income margin was 14.9%. The company said GAAP net income of $1.7B includes a one-time, non-cash income tax charge tied to the enactment of H.R. 1.
The company said net cash from operating activities for the third quarter was $3.1 billion and free cash flow was $2.4 billion. For the first 9 months of the year, operating cash flow was $9.2 billion and free cash flow was $7.2 billion.
The company said it now expects full-year constant currency revenue growth of more than 5% and free cash flow of about $14 billion. It also said its board approved a regular quarterly cash dividend of $1.68 per share.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Q3 revenue of $16.3 billion, segment growth

The company said revenue for Q3 2025 rose to $16.3 billion, up 9% (up 7% at constant currency). By segment, Software rose 10%, Consulting rose 3%, and Infrastructure rose 17%.

Source · Based on the filing body and exhibits

Q3 gross profit margin and pre-tax income margin

IBM said its GAAP gross profit margin for the third quarter was 57.3%, up 1.1 points, and its GAAP pre-tax income margin was 14.9%. The company said GAAP net income of $1.7B includes a one-time, non-cash income tax charge tied to the enactment of H.R. 1.

Source · Based on the filing body and exhibits

Year-to-Date Q3 Operating and Free Cash Flow

The company said net cash from operating activities for the third quarter was $3.1 billion and free cash flow was $2.4 billion. For the first 9 months of the year, operating cash flow was $9.2 billion and free cash flow was $7.2 billion.

Source · Based on the filing body and exhibits

Full-Year Outlook and Quarterly Dividend

The company said it now expects full-year constant currency revenue growth of more than 5% and free cash flow of about $14 billion. It also said its board approved a regular quarterly cash dividend of $1.68 per share.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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