# International Paper Co: financial statements, quarterly

IP · NYSE · CIK 51434 · [Materials](/sectors/materials.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/ip.md) · [Financials](/companies/ip/financials.md) · [Filings](/companies/ip/filings.md) · [Insiders](/companies/ip/insiders.md)

Standardized line items from XBRL company facts. Each value links to its filing; d marks a value derived from year-to-date figures. Other view: [annual](/companies/ip/financials.md?period=annual).

## Income statement

| Line item | Unit | Q3 FY2023 (2023-09-30) | Q4 FY2023 (2023-12-31) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [4,613](/filings/0000051434-24-000067.md) | [1,718 d](/filings/0000051434-26-000055.md) | [3,915](/filings/0000051434-26-000055.md) | [4,019](/filings/0000051434-26-000055.md) | [3,979](/filings/0000051434-26-000055.md) | [3,922](/filings/0000051434-26-000055.md) | [5,264](/filings/0000051434-26-000074.md) | [6,142](/filings/0000051434-26-000123.md) | [6,222](/filings/0000051434-26-000055.md) | [6,006](/filings/0000051434-26-000055.md) | [5,971](/filings/0000051434-26-000074.md) | [6,004](/filings/0000051434-26-000123.md) |
| Cost of revenue | $m | [3,345](/filings/0000051434-24-000067.md) | [1,165 d](/filings/0000051434-26-000055.md) | [3,424](/filings/0000051434-25-000025.md) | [3,360](/filings/0000051434-25-000048.md) | [2,880](/filings/0000051434-25-000074.md) | [2,765 d](/filings/0000051434-26-000055.md) | [3,805](/filings/0000051434-26-000074.md) | [4,422](/filings/0000051434-26-000123.md) | [4,287](/filings/0000051434-25-000074.md) | [4,123 d](/filings/0000051434-26-000055.md) | [4,244](/filings/0000051434-26-000074.md) | [4,344](/filings/0000051434-26-000123.md) |
| Gross profit | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Selling, general and administrative | $m | [286](/filings/0000051434-24-000067.md) | [254 d](/filings/0000051434-26-000055.md) | [358](/filings/0000051434-25-000025.md) | [453](/filings/0000051434-25-000048.md) | [473](/filings/0000051434-25-000074.md) | [481 d](/filings/0000051434-26-000055.md) | [487](/filings/0000051434-26-000074.md) | [525](/filings/0000051434-26-000123.md) | [493](/filings/0000051434-25-000074.md) | [545 d](/filings/0000051434-26-000055.md) | [510](/filings/0000051434-26-000074.md) | [564](/filings/0000051434-26-000123.md) |
| Operating income | $m | [352](/filings/0000051434-24-000067.md) | not reported | [169](/filings/0000051434-24-000034.md) | [322](/filings/0000051434-24-000053.md) | [237](/filings/0000051434-24-000067.md) | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Interest expense | $m | [105](/filings/0000051434-24-000067.md) | [107 d](/filings/0000051434-26-000055.md) | [109](/filings/0000051434-25-000025.md) | [107](/filings/0000051434-25-000048.md) | [107](/filings/0000051434-25-000074.md) | [108 d](/filings/0000051434-26-000055.md) | [135](/filings/0000051434-26-000074.md) | [143](/filings/0000051434-26-000123.md) | [135](/filings/0000051434-25-000074.md) | [138 d](/filings/0000051434-26-000055.md) | [132](/filings/0000051434-26-000074.md) | [131](/filings/0000051434-26-000123.md) |
| Income tax | $m | [39.0](/filings/0000051434-24-000067.md) | [(52.0) d](/filings/0000051434-26-000055.md) | [27.0](/filings/0000051434-25-000025.md) | [(293)](/filings/0000051434-25-000048.md) | [(107)](/filings/0000051434-25-000074.md) | [24.0 d](/filings/0000051434-26-000055.md) | [(32.0)](/filings/0000051434-26-000074.md) | [40.0](/filings/0000051434-26-000123.md) | [(250)](/filings/0000051434-25-000074.md) | [(291) d](/filings/0000051434-26-000055.md) | [17.0](/filings/0000051434-26-000074.md) | [(15.0)](/filings/0000051434-26-000123.md) |
| Net income | $m | [165](/filings/0000051434-24-000067.md) | [(284) d](/filings/0000051434-26-000055.md) | [56.0](/filings/0000051434-26-000055.md) | [498](/filings/0000051434-26-000055.md) | [150](/filings/0000051434-26-000055.md) | [(147)](/filings/0000051434-26-000055.md) | [(105)](/filings/0000051434-26-000074.md) | [75.0](/filings/0000051434-26-000123.md) | [(1,102)](/filings/0000051434-26-000055.md) | [(2,384)](/filings/0000051434-26-000055.md) | [60.0](/filings/0000051434-26-000074.md) | [(12.0)](/filings/0000051434-26-000123.md) |
| Diluted EPS | $ per share | [0.47](/filings/0000051434-24-000067.md) | not reported | [0.16](/filings/0000051434-26-000055.md) | [1.41](/filings/0000051434-26-000055.md) | [0.42](/filings/0000051434-26-000055.md) | [(0.42)](/filings/0000051434-26-000055.md) | [(0.24)](/filings/0000051434-26-000074.md) | [0.14](/filings/0000051434-26-000123.md) | [(2.09)](/filings/0000051434-26-000055.md) | [(4.52)](/filings/0000051434-26-000055.md) | [0.11](/filings/0000051434-26-000074.md) | [(0.02)](/filings/0000051434-26-000123.md) |
| Basic EPS | $ per share | [0.47](/filings/0000051434-24-000067.md) | not reported | [0.16](/filings/0000051434-26-000055.md) | [1.43](/filings/0000051434-26-000055.md) | [0.43](/filings/0000051434-26-000055.md) | [(0.42)](/filings/0000051434-26-000055.md) | [(0.24)](/filings/0000051434-26-000074.md) | [0.14](/filings/0000051434-26-000123.md) | [(2.09)](/filings/0000051434-26-000055.md) | [(4.52)](/filings/0000051434-26-000055.md) | [0.11](/filings/0000051434-26-000074.md) | [(0.02)](/filings/0000051434-26-000123.md) |

- Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
- Cost of revenue: us-gaap:CostOfGoodsAndServicesSold
- Gross profit: not reported
- Selling, general and administrative: us-gaap:SellingGeneralAndAdministrativeExpense
- Operating income: us-gaap:OperatingIncomeLoss
- Interest expense: us-gaap:InterestExpense
- Income tax: us-gaap:IncomeTaxExpenseBenefit
- Net income: us-gaap:ProfitLoss, us-gaap:NetIncomeLoss
- Diluted EPS: us-gaap:EarningsPerShareDiluted
- Basic EPS: us-gaap:EarningsPerShareBasic

## Balance sheet

| Line item | Unit | Q3 FY2023 (2023-09-30) | FY2023 (2023-12-31) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | $bn | [1.1](/filings/0000051434-23-000053.md) | [1.1](/filings/0000051434-24-000067.md) | [1.1](/filings/0000051434-24-000034.md) | [1.0](/filings/0000051434-24-000053.md) | [1.2](/filings/0000051434-24-000067.md) | [1.1](/filings/0000051434-26-000055.md) | [1.2](/filings/0000051434-25-000025.md) | [1.1](/filings/0000051434-25-000048.md) | [1.0](/filings/0000051434-25-000074.md) | [1.1](/filings/0000051434-26-000123.md) | [1.2](/filings/0000051434-26-000074.md) | [0.7](/filings/0000051434-26-000123.md) |
| Current assets | $bn | [6.8](/filings/0000051434-23-000053.md) | [6.6](/filings/0000051434-25-000013.md) | [6.5](/filings/0000051434-24-000034.md) | [6.6](/filings/0000051434-24-000053.md) | [6.6](/filings/0000051434-24-000067.md) | [6.4](/filings/0000051434-26-000055.md) | [9.3](/filings/0000051434-25-000025.md) | [9.5](/filings/0000051434-25-000048.md) | [10.5](/filings/0000051434-25-000074.md) | [10.1](/filings/0000051434-26-000123.md) | [8.6](/filings/0000051434-26-000074.md) | [8.2](/filings/0000051434-26-000123.md) |
| Total assets | $bn | [24.0](/filings/0000051434-23-000053.md) | [23.3](/filings/0000051434-25-000013.md) | [23.0](/filings/0000051434-24-000034.md) | [23.1](/filings/0000051434-24-000053.md) | [23.2](/filings/0000051434-24-000067.md) | [22.8](/filings/0000051434-26-000055.md) | [41.2](/filings/0000051434-25-000025.md) | [42.4](/filings/0000051434-25-000048.md) | [40.6](/filings/0000051434-25-000074.md) | [38.0](/filings/0000051434-26-000123.md) | [36.4](/filings/0000051434-26-000074.md) | [36.5](/filings/0000051434-26-000123.md) |
| Current liabilities | $bn | [3.9](/filings/0000051434-23-000053.md) | [4.0](/filings/0000051434-25-000013.md) | [3.9](/filings/0000051434-24-000034.md) | [4.1](/filings/0000051434-24-000053.md) | [4.4](/filings/0000051434-24-000067.md) | [4.3](/filings/0000051434-26-000055.md) | [7.0](/filings/0000051434-25-000025.md) | [7.1](/filings/0000051434-25-000048.md) | [8.0](/filings/0000051434-25-000074.md) | [7.9](/filings/0000051434-26-000123.md) | [7.1](/filings/0000051434-26-000074.md) | [7.5](/filings/0000051434-26-000123.md) |
| Long-term debt | $bn | not reported | [5.5](/filings/0000051434-25-000013.md) | not reported | not reported | not reported | [5.4](/filings/0000051434-26-000055.md) | not reported | not reported | not reported | [8.8](/filings/0000051434-26-000055.md) | not reported | not reported |
| Current portion of debt | $bn | [0.1](/filings/0000051434-23-000053.md) | [0.1](/filings/0000051434-25-000013.md) | [0.1](/filings/0000051434-24-000034.md) | [0.3](/filings/0000051434-24-000053.md) | [0.3](/filings/0000051434-24-000067.md) | [0.2](/filings/0000051434-26-000055.md) | [0.4](/filings/0000051434-25-000025.md) | [0.2](/filings/0000051434-25-000048.md) | [1.0](/filings/0000051434-25-000074.md) | [1.0](/filings/0000051434-26-000055.md) | [0.9](/filings/0000051434-26-000074.md) | [1.0](/filings/0000051434-26-000123.md) |
| Short-term borrowings | $bn | [0.0](/filings/0000051434-23-000053.md) | not reported | [0.0](/filings/0000051434-24-000034.md) | [0.0](/filings/0000051434-24-000053.md) | [0.0](/filings/0000051434-24-000067.md) | not reported | [0.2](/filings/0000051434-25-000025.md) | [0.0](/filings/0000051434-25-000048.md) | [0.0](/filings/0000051434-25-000074.md) | not reported | not reported | not reported |
| Shareholders' equity | $bn | [8.9](/filings/0000051434-24-000067.md) | [8.4](/filings/0000051434-26-000055.md) | [8.3](/filings/0000051434-25-000048.md) | [8.6](/filings/0000051434-25-000074.md) | [8.6](/filings/0000051434-25-000074.md) | [8.2](/filings/0000051434-26-000123.md) | [18.1](/filings/0000051434-26-000123.md) | [18.6](/filings/0000051434-26-000123.md) | [17.3](/filings/0000051434-25-000074.md) | [14.8](/filings/0000051434-26-000123.md) | [14.8](/filings/0000051434-26-000123.md) | [14.5](/filings/0000051434-26-000123.md) |

- Cash and equivalents: us-gaap:CashAndCashEquivalentsAtCarryingValue
- Current assets: us-gaap:AssetsCurrent
- Total assets: us-gaap:Assets
- Current liabilities: us-gaap:LiabilitiesCurrent
- Long-term debt: us-gaap:LongTermDebtNoncurrent
- Current portion of debt: us-gaap:DebtCurrent, us-gaap:LongTermDebtCurrent
- Short-term borrowings: us-gaap:CommercialPaper
- Shareholders' equity: us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest, us-gaap:StockholdersEquity

## Cash flow

| Line item | Unit | Q3 FY2023 (2023-09-30) | Q4 FY2023 (2023-12-31) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Operating cash flow | $m | [468 d](/filings/0000051434-24-000067.md) | [492 d](/filings/0000051434-26-000055.md) | [395](/filings/0000051434-25-000025.md) | [365 d](/filings/0000051434-25-000048.md) | [521 d](/filings/0000051434-25-000074.md) | [397 d](/filings/0000051434-26-000055.md) | [(288)](/filings/0000051434-26-000074.md) | [476 d](/filings/0000051434-26-000123.md) | [605 d](/filings/0000051434-25-000074.md) | [905 d](/filings/0000051434-26-000055.md) | [611](/filings/0000051434-26-000074.md) | [526 d](/filings/0000051434-26-000123.md) |
| Capital expenditure | $m | [228 d](/filings/0000051434-24-000067.md) | [305 d](/filings/0000051434-26-000055.md) | [251](/filings/0000051434-25-000025.md) | [198 d](/filings/0000051434-25-000048.md) | [212 d](/filings/0000051434-25-000074.md) | [260 d](/filings/0000051434-26-000055.md) | [330](/filings/0000051434-26-000074.md) | [422 d](/filings/0000051434-26-000123.md) | [455 d](/filings/0000051434-25-000074.md) | [650 d](/filings/0000051434-26-000055.md) | [517](/filings/0000051434-26-000074.md) | [533 d](/filings/0000051434-26-000123.md) |
| Dividends paid | $m | [160 d](/filings/0000051434-24-000067.md) | [160 d](/filings/0000051434-26-000055.md) | [161](/filings/0000051434-25-000025.md) | [160 d](/filings/0000051434-25-000048.md) | [161 d](/filings/0000051434-25-000074.md) | [161 d](/filings/0000051434-26-000055.md) | [244](/filings/0000051434-26-000074.md) | [244 d](/filings/0000051434-26-000123.md) | [245 d](/filings/0000051434-25-000074.md) | [244 d](/filings/0000051434-26-000055.md) | [245](/filings/0000051434-26-000074.md) | [245 d](/filings/0000051434-26-000123.md) |
| Share repurchases | $m | [0.0 d](/filings/0000051434-24-000067.md) | [0.0 d](/filings/0000051434-26-000055.md) | [22.0](/filings/0000051434-25-000025.md) | [0.0 d](/filings/0000051434-25-000048.md) | [0.0 d](/filings/0000051434-25-000074.md) | [1.0 d](/filings/0000051434-26-000055.md) | [62.0](/filings/0000051434-26-000074.md) | [1.0 d](/filings/0000051434-26-000123.md) | [1.0 d](/filings/0000051434-25-000074.md) | [1.0 d](/filings/0000051434-26-000055.md) | [30.0](/filings/0000051434-26-000074.md) | [1.0 d](/filings/0000051434-26-000123.md) |

- Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities
- Capital expenditure: us-gaap:PaymentsToAcquireProductiveAssets
- Dividends paid: us-gaap:PaymentsOfDividends
- Share repurchases: us-gaap:PaymentsForRepurchaseOfCommonStock

## Shares

| Line item | Unit | Q3 FY2022 (2022-09-30) | Q1 FY2023 (2023-03-31) | Q2 FY2023 (2023-06-30) | Q3 FY2023 (2023-09-30) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Diluted shares (weighted) | millions of shares | [360](/filings/0000051434-23-000053.md) | [353](/filings/0000051434-24-000034.md) | [347](/filings/0000051434-24-000053.md) | [348](/filings/0000051434-24-000067.md) | [349](/filings/0000051434-25-000025.md) | [353](/filings/0000051434-25-000048.md) | [353](/filings/0000051434-25-000074.md) | [438](/filings/0000051434-26-000074.md) | [533](/filings/0000051434-26-000123.md) | [528](/filings/0000051434-25-000074.md) | [532](/filings/0000051434-26-000074.md) | [530](/filings/0000051434-26-000123.md) |

- Diluted shares (weighted): us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

Shares outstanding: 529,569,895 at 2026-07-31, from the cover of the [10-Q filed 2026-08-05](/filings/0000051434-26-000123.md) (dei:EntityCommonStockSharesOutstanding).

Source: SEC EDGAR, XBRL company facts. Last ingested by Listed: Oct 24, 2026, 15:19 ET. No prices; not investment advice.