International Business Machines Corporation

International Business Machines Corporation

254.32
USD
+4.28
(+1.71%)
11.71EPS
18.51P/E
207.86BMarket Cap
Jan 27Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
89.87
92.4
83.52
83.65
84.84
87.27
65.05
61.98
64.01
67.05
67.89
68.08
72.44
74.32
Basic EPS, GAAP
15.06
11.97
13.48
12.43
6.17
9.57
10.63
6.28
6.41
1.82
8.23
6.53
11.36
11.88
Free Cash Flow per Basic Share
12.19
12.63
13.39
13.54
13.88
12.37
13.37
16.81
11.19
9.38
13.3
12.76
12.29
14.91
Dividend per Share
3.71
4.25
5
5.5
5.9
6.21
6.43
6.51
6.55
6.59
6.63
6.67
6.71
6.74
Book Value per Share
21.62
11.98
14.77
19.29
19.08
18.82
23.49
23.07
21.05
24.22
24.63
29.48
34.84
37.6
Tangible Book Value per Share
-11.63
-22
-22
-23.94
-24.87
-25.27
-59.31
-52.55
-54.84
-49.87
-53.2
-47.57
-49.59
-56.06
Basic Weighted Avg Shares
1,095
1,004
979
955
933
912
887
890
896
903
911
922
932
940
Sales/Revenue/Turnover
98,368
92,793
81,742
79,920
79,139
79,591
57,714
55,179
57,351
60,530
61,860
62,753
67,536
69,870
Operating Margin (%)
21.86
21.92
20.2
18.36
16.6
16.61
13.06
8.45
11.97
13.5
15.17
16.05
18.5
18.33
Depreciation Expense
4,678
4,492
3,855
4,381
4,541
4,480
6,059
6,695
6,417
4,802
4,396
4,667
5,021
5,297
Net Income, GAAP
16,483
12,022
13,190
11,872
5,753
8,728
9,431
5,590
5,742
1,640
7,502
6,023
10,593
11,170
Effective Tax Rate (%)
16.61
21.18
16.19
3.64
49.49
23.09
0.83
- -
2.56
- -
13.53
- -
- -
- -
Profit Margin (%)
16.76
12.96
16.14
14.85
7.27
10.97
16.34
10.13
10.01
2.71
12.13
9.6
15.68
15.99
Working Capital
11,196
7,796
8,235
7,613
12,372
10,919
719
-704
-4,080
-2,387
-1,214
1,340
-1,714
-5,293
LT Debt
32,856
34,991
33,428
34,655
39,837
35,605
57,981
56,937
47,379
48,379
52,689
52,539
57,383
59,378
Total Equity
22,929
12,014
14,424
18,392
17,725
16,930
20,985
20,726
18,996
22,021
22,613
27,393
32,741
36,206
Return on Invested Capital (%)
27.33
23.47
23.01
21.71
9.86
14.41
8.7
- -
7.94
- -
9.52
- -
- -
- -
Return on Capital (%)
29.27
21.5
25.38
21.73
9.69
14.59
14.17
- -
8.59
- -
11.21
- -
- -
- -
Return on Common Equity (%)
79.15
69.37
100.96
73.04
32.1
50.76
50.12
26.98
29.07
8.03
33.73
24.17
35.34
35.21

Capital Structure

USD

•

in mil. unless spec.
Mar'26
Jun'26
Sep'26
ST Debt
9,453
6,545
7,762
LT Borrowings
57,706
56,212
56,804
LT Finance Leases
2,643
2,515
2,574
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
940
942
945
Market Capitalization
227,819
264,938
207,860

Working Capital

USD

•

in mil. unless spec.
Mar'26
Jun'26
Sep'26
Total Current Assets
31,914
28,398
31,192
Cash, Cash Equivalents & STI
11,783
8,132
11,058
Accounts Receivable, Net
6,493
6,044
5,794
Inventories
1,476
1,746
1,945
Total Current Liabilities
40,101
35,912
36,485
Payables & Accruals
9,674
9,843
9,892
ST Debt
9,453
6,545
7,762
Deferred Revenue
17,034
16,160
15,164

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.3%
10.18%
19.52%
Free Cash Flow
0.63%
-2.19%
-2.59%
Net Income, GAAP
30.24%
68.98%
75.88%
Sales/Revenue/Turnover
-1.38%
4.15%
7.62%
Total Cash Common Dividend
2.5%
1.53%
1.76%

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
14,461
15,769
14,967
17,553
62,753
2025
14,541
16,977
16,331
19,687
67,536
2026
15,917
17,162
17,104
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.75
1.99
-0.36
3.15
6.53
2025
1.14
2.36
1.87
5.98
11.36
2026
1.3
2.3
2.32
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.66
1.67
1.67
1.67
6.67
2025
1.67
1.68
1.68
1.68
6.71
2026
1.68
1.69
1.69
- -
- -

Company Description

CEO
Arvind Krishna
Full Time Employees
286,800
Sector
Technology services
Industry
Information technology services
Address
One New Orchard Road Armonk NY United States 10504
IPO Date
Nov 11, 1915
Website
ibm.com
Business
International Business Machines Corporation (IBM) is a multinational technology company that provides enterprise hardware, software, cloud computing, artificial intelligence, cybersecurity, data analytics, and consulting services to businesses worldwide; its core offerings include the watsonx AI platform, hybrid cloud solutions via Red Hat, mainframe systems such as zSystems, Power servers, storage systems, enterprise software for automation and orchestration, and professional services encompassing business transformation, IT infrastructure modernization, and application management. Founded in 1911 as the Computing-Tabulating-Recording Company in Endicott, New York, and renamed IBM in 1924, the company is headquartered in Armonk, New York, with operations across more than 170 countries, research facilities on six continents, and a focus on industries including finance, healthcare, energy, and government. IBM serves large enterprises and public sector clients through its Partner Plus program, emphasizing AI-driven innovation, hybrid cloud management, and responsible technology deployment. In recent developments, IBM completed its acquisition of HashiCorp in February 2025 to enhance hybrid cloud automation and security, acquired Hakkoda Inc. to expand data expertise for AI transformations, acquired Prescinto for AI-powered renewable energy asset management, and announced intent to acquire DataStax to bolster watsonx data solutions; additionally, IBM strengthened its partnership with AWS in December 2025 to accelerate agentic AI adoption, continues investments via its $500 million IBM Ventures fund in AI and quantum startups such as Hugging Face and QEDMA, and unveiled advancements in agentic orchestration and infrastructure automation in October 2025.

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