International Business Machines Corporation (IBM)
NYSE: IBM · Real-Time Price · USD
252.51
-5.30 (-2.06%)
At close: Nov 2, 2026, 4:00 PM EST
249.89
-2.62 (-1.04%)
Pre-market: Nov 3, 2026, 8:54 AM EST
IBM Financials Overview
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Revenue Revenue Growth | 69,868 | 67,535 | 62,753 | 61,860 | 60,530 | 57,351 |
Revenue Growth | 6.83% | 7.62% | 1.44% | 2.20% | 5.54% | 3.94% |
Gross Profit Gross Profit Growth | 40,499 | 39,296 | 35,552 | 34,300 | 32,688 | 31,486 |
Operating Income Operating Income Growth | 12,844 | 12,622 | 9,788 | 9,421 | 7,521 | 5,583 |
Net Income Net Income Growth | 11,171 | 10,593 | 6,023 | 7,502 | 1,639 | 5,743 |
Earnings Per Share EPS Growth | 11.72 | 11.16 | 6.43 | 8.14 | 1.79 | 6.35 |
EPS Growth | 40.22% | 73.65% | -21.00% | 353.76% | -71.75% | 1.86% |
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Hybrid Cloud Hybrid Cloud Growth | 7,947 | 7,327 | 6,490 | 5,827 | - | - |
Automation Automation Growth | 7,894 | 7,733 | 6,558 | 6,008 | - | - |
Data Data Growth | 7,099 | 6,299 | 5,629 | 5,461 | - | - |
Transaction Processing Transaction Processing Growth | 8,710 | 8,603 | 8,408 | 7,714 | 7,171 | 6,390 |
Strategy and Technology Strategy and Technology Growth | 11,724 | 11,537 | 11,488 | 11,430 | - | - |
Intelligent Operations Intelligent Operations Growth | 9,558 | 9,518 | 9,204 | 9,455 | - | - |
Hybrid Infrastructure Hybrid Infrastructure Growth | 10,973 | 10,618 | 8,913 | 9,215 | 9,451 | 8,167 |
Infrastructure Support Infrastructure Support Growth | 5,027 | 5,100 | 5,107 | 5,377 | 5,837 | 6,021 |
Financing Financing Growth | 777 | 737 | 713 | 741 | 645 | 774 |
Other Product / Service Other Product / Service Growth | 161 | 63 | 243 | 632 | 909 | 1,119 |
Revenue (Total) Revenue (Total) Growth | 69,868 | 67,535 | 62,753 | 61,860 | 60,530 | 57,350 |
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash & Investments Cash & Investments Growth | 11,058 | 14,417 | 14,591 | 13,441 | 8,738 | 7,250 |
Total Debt Total Debt Growth | 67,140 | 64,607 | 58,396 | 59,935 | 54,013 | 55,140 |
Net Cash (Debt) Net Cash Growth | -56,082 | -50,190 | -43,805 | -46,494 | -45,275 | -47,890 |
Net Cash Growth | - | - | - | - | - | - |
Net Cash Per Share Net Cash Per Share Growth | -58.86 | -52.91 | -46.74 | -50.42 | -49.63 | -52.94 |
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Operating Cash Flow Operating Cash Flow Growth | 15,831 | 13,193 | 13,445 | 13,931 | 10,435 | 12,796 |
Capital Expenditures CapEx Growth | -1,175 | -1,091 | -1,048 | -1,245 | -1,346 | -2,062 |
Free Cash Flow Free Cash Flow Growth | 14,656 | 12,102 | 12,397 | 12,686 | 9,089 | 10,734 |
Free Cash Flow Growth | 17.52% | -2.38% | -2.28% | 39.57% | -15.32% | -31.10% |
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Gross Margin | 57.97% | 58.19% | 56.65% | 55.45% | 54.00% | 54.90% |
Operating Margin | 18.38% | 18.69% | 15.60% | 15.23% | 12.43% | 9.74% |
Pretax Margin | 15.04% | 15.29% | 9.24% | 14.05% | 1.91% | 8.43% |
Profit Margin | 15.99% | 15.68% | 9.60% | 12.13% | 2.71% | 10.01% |
FCF Margin | 20.98% | 17.92% | 19.75% | 20.51% | 15.02% | 18.72% |
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Nov '26 Nov 3, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Dividend Per Share Dividend Per Share Growth | 6.760 | 6.710 | 6.670 | 6.630 | 6.590 | 6.550 |
Dividend Per Share Growth | 0.60% | 0.60% | 0.60% | 0.61% | 0.61% | 0.61% |
Dividend Yield | 2.68% | 2.27% | 3.04% | 4.06% | 4.69% | 4.91% |
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Nov '26 Nov 3, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
PE Ratio | 21.54 | 26.14 | 33.75 | 19.91 | 77.72 | 20.87 |
Forward PE | 19.31 | 24.50 | 21.12 | 16.60 | 14.63 | 12.81 |
P/FCF Ratio | 16.28 | 22.88 | 16.40 | 11.77 | 14.02 | 11.17 |
PS Ratio | 3.42 | 4.10 | 3.24 | 2.41 | 2.10 | 2.09 |