Analysis of Revenues
Revenues as Reported
International Business Machines Corp., income statement, revenues
US$ in millions
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
- Software Revenue
- The software segment demonstrates a consistent upward trend over the five-year period. Starting at $23,376 million in 2020, it increases steadily each year, reaching $27,085 million by 2024. This reflects a stable growth trajectory in software offerings.
- Consulting Revenue
- Consulting revenue also shows a continuous increase throughout the years analyzed. Beginning at $16,162 million in 2020, it rises to $20,692 million in 2024, indicating a growing demand for consulting services within the company's portfolio.
- Infrastructure Revenue
- The infrastructure segment exhibits a more volatile pattern. It nearly doubles from $6,978 million in 2020 to $14,188 million in 2021, followed by a slight increase to $15,288 million in 2022. However, subsequent years see a decline to $14,593 million in 2023 and $14,020 million in 2024, suggesting some instability or shifting focus within this segment.
- Financing Revenue
- Financing revenues decline steadily from $1,123 million in 2020 to $645 million in 2022, before experiencing a slight recovery to $741 million in 2023, and a small decrease again to $713 million in 2024. Overall, financing remains a minor contributor with a downward trend.
- Other Revenue
- Other revenue shows fluctuations, increasing from $169 million in 2020 to $403 million in 2021 and further to $453 million in 2022, then declining sharply to $233 million in 2023 and stabilizing around $243 million in 2024. This erratic movement may indicate irregular or non-core revenue sources.
- Global Technology Services (Discontinued)
- Data is only available for 2020 at $25,812 million with no subsequent values reported, indicating the discontinuation of this segment following 2020.
- Total Revenue
- The overall revenue shows a distinct decline from $73,620 million in 2020 to $57,350 million in 2021, primarily due to the discontinuation of the Global Technology Services segment. After 2021, total revenue exhibits a gradual recovery, increasing to $62,753 million by 2024. This growth is driven mainly by the steady rise in software and consulting revenues and partially offset by declines in infrastructure and financing.