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IEEE
2025

IEEE Annual Report

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Message From the Treasurer

A Message From Gerardo Barbosa, 2025 IEEE Treasurer

I am pleased to present the audited financial statements of IEEE for the fiscal year ended 31 December 2025. These statements indicate that the organization’s overall financial health remains strong. Total net assets increased by $133.2 million, or 11.8%, reaching $1,257.8 million.

The IEEE Statement of Activities reflects total operating revenue for 2025 of $665.8 million, an increase of $19.5 million, or 3.0%, from 2024. IEEE had total operating expenses for 2025 of $683.3 million, an increase of $82.6 million, or 13.8%, from 2024, with the principal changes summarized below:

  • Periodicals and Media: Revenue increased by $33.3 million, or 11.6%, while expenses increased by $21.4 million, or 11.0%. 
  • Conferences: Revenue declined by $13.9 million, or 5.7%, and expenses increased by $30.0 million, or 15.0%.
  • Membership: Revenue declined by $1.5 million, or 2.3%, and expenses increased by $17.9 million, or 15.4%.
  • Standards Association: Revenue declined by $2.7 million, or 5.7%, and expenses declined by $0.3 million, or 0.6%.

Non-operating activities generated a net gain of $150.6 million, primarily due to $150.4 million in investment gains (including dividends and interest) and $0.2 million in pension-related gains.

Crowe LLP, the independent auditor for IEEE, met with the IEEE Audit Committee to discuss the scope and results of the audit of the financial statements, to review the adequacy of IEEE’s internal accounting controls and to assess the quality of IEEE’s financial reporting before issuing its opinion on the financial statements. IEEE received an unmodified opinion from Crowe LLP in the Report of Independent Certified Public Accountants. 

Click here to see the Consolidated Financial Statements.

IEEE is a tax-exempt public charity under Section 501(c)(3) of the United States Internal Revenue Code, with a global presence, and a mission to advance technology for the benefit of humanity. 

I present these financial statements with confidence that IEEE remains a financially sound organization.

Gerardo Barbosa
2025 IEEE Treasurer