IBM Net Income by Quarter: FY Q1 2005 – Q2 2020

The below graph represents the quarterly distribution of IBM's net income, starting from fiscal Q1 2005 to Q2 2020. Surprisingly, in the second quarter of 2020, the company reported a huge 45.5% YoY decline in its global net profit, amounting to $1,361 million.

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The above graph represents the IBM net income by quarter, starting from fiscal Q1 2005 to Q2 2020. Surprisingly, IBM’s net profit declined a huge 45.5% YoY in Q2 2020, to $1,361 million. However, the company reported an appreciable 15.8% QoQ increase in its June quarter net profit when compared to the previous quarter.

Growth In IBM Quarterly Net Income

SourceIBM SEC Filings
Graph ID874
NoteIBM fiscal year starts from January

The company reported its highest-ever quarterly net profit of $6,185 million in fiscal Q4 2013, with a modest 6% YoY growth.

During the last 15 years, the fiscal Q4 2017 was the first time when IBM reported a net loss of $1,054 million, globally. That’s a significant decline from a year-ago period when the company reported a net profit of $4,501 million.

The steep decline in IBM net profit was reported in fiscal Q3 2014; the quarterly net profit declined 99.55% YoY, from $4,041 million in Q3 2013 to just $18 million.

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