International Business Machines Corporation (IBM)
NYSE: IBM · Real-Time Price · USD
221.29
-0.29 (-0.13%)
At close: Oct 6, 2026, 4:00 PM EDT
221.31
+0.02 (0.01%)
After-hours: Oct 6, 2026, 4:17 PM EDT
IBM Financials Overview
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
| Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Revenue Revenue Growth | 17,162 | 15,917 | 19,686 | 16,331 | 16,977 | 14,541 | 17,553 | 14,967 | 15,771 | 14,462 | 17,380 | 14,752 | 15,475 | 14,252 | 16,691 | 14,106 | 15,535 | 14,197 | 16,695 | 13,251 |
Revenue Growth | 1.09% | 9.46% | 12.15% | 9.11% | 7.65% | 0.55% | 1.00% | 1.46% | 1.91% | 1.47% | 4.13% | 4.58% | -0.39% | 0.39% | -0.02% | 6.45% | 9.25% | 7.67% | 766.82% | -24.54% |
Gross Profit Gross Profit Growth | 9,907 | 8,950 | 11,928 | 9,361 | 9,977 | 8,031 | 10,440 | 8,420 | 8,949 | 7,743 | 10,267 | 8,022 | 8,501 | 7,510 | 9,633 | 7,429 | 8,290 | 7,335 | 9,501 | 7,106 |
Operating Income Operating Income Growth | 2,840 | 2,198 | 4,930 | 2,804 | 3,110 | 1,799 | 3,841 | 2,115 | 2,354 | 1,478 | 4,031 | 2,140 | 2,285 | 1,445 | 3,414 | 1,393 | 1,770 | 988 | 2,810 | 1,023 |
Net Income Net Income Growth | 2,165 | 1,216 | 5,600 | 1,744 | 2,194 | 1,055 | 2,914 | -330 | 1,834 | 1,605 | 3,288 | 1,704 | 1,583 | 927 | 2,710 | -3,196 | 1,392 | 733 | 2,333 | 1,130 |
Earnings Per Share EPS Growth | 2.27 | 1.28 | 5.88 | 1.84 | 2.31 | 1.12 | 3.10 | -0.36 | 1.96 | 1.72 | 3.55 | 1.85 | 1.72 | 1.01 | 2.96 | -3.54 | 1.53 | 0.81 | 2.57 | 1.24 |
EPS Growth | -1.82% | 14.18% | 89.86% | - | 18.17% | -34.90% | -12.86% | - | 13.56% | 70.11% | 20.01% | - | 12.57% | 25.28% | 15.05% | - | 3.34% | -23.15% | 69.34% | -34.21% |
| Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Hybrid Cloud Hybrid Cloud Growth | 1,998 | 1,905 | 1,958 | 1,886 | 1,796 | 1,687 | 1,774 | 1,659 | 1,547 | 1,510 | - | - | - | - | - | - | - | - | - | - |
Automation Automation Growth | 1,951 | 1,741 | 2,332 | 1,934 | 1,883 | 1,584 | 1,984 | 1,563 | 1,620 | 1,391 | - | - | - | - | - | - | - | - | - | - |
Data Data Growth | 1,782 | 1,474 | 2,105 | 1,459 | 1,499 | 1,236 | 1,726 | 1,352 | 1,378 | 1,173 | - | - | - | - | - | - | - | - | - | - |
Transaction Processing Transaction Processing Growth | 2,030 | 1,932 | 2,637 | 1,930 | 2,208 | 1,828 | 2,439 | 1,951 | 2,194 | 1,824 | 2,171 | 1,759 | 1,943 | 1,742 | 2,064 | 1,640 | 1,776 | 1,692 | 2,133 | 1,332 |
Strategy and Technology Strategy and Technology Growth | 2,933 | 2,896 | 2,930 | 2,905 | 2,920 | 2,782 | 2,874 | 2,856 | 2,895 | 2,863 | - | - | - | - | - | - | - | - | - | - |
Intelligent Operations Intelligent Operations Growth | 2,394 | 2,376 | 2,418 | 2,419 | 2,395 | 2,286 | 2,300 | 2,297 | 2,284 | 2,323 | - | - | - | - | - | - | - | - | - | - |
Hybrid Infrastructure Hybrid Infrastructure Growth | 2,570 | 2,108 | 3,843 | 2,263 | 2,866 | 1,646 | 2,985 | 1,765 | 2,360 | 1,803 | 3,303 | 1,943 | 2,260 | 1,709 | 3,059 | 1,931 | 2,760 | 1,700 | 2,873 | 1,453 |
Infrastructure Support Infrastructure Support Growth | 1,265 | 1,218 | 1,289 | 1,296 | 1,275 | 1,240 | 1,272 | 1,277 | 1,285 | 1,273 | 1,301 | 1,329 | 1,358 | 1,389 | 1,423 | 1,421 | 1,474 | 1,519 | 1,541 | 1,468 |
Financing Financing Growth | 186 | 220 | 179 | 200 | 166 | 191 | 170 | 181 | 169 | 193 | 175 | 186 | 185 | 196 | 172 | 174 | 146 | 154 | 172 | 184 |
Other Product / Service Other Product / Service Growth | 52 | 48 | -5 | 38 | -31 | 61 | 29 | 68 | 38 | 108 | 41 | 170 | 152 | 169 | -22 | 70 | 180 | 224 | 275 | 282 |
Revenue (Total) Revenue (Total) Growth | 17,162 | 15,917 | 19,686 | 16,331 | 16,977 | 14,541 | 17,554 | 14,968 | 15,770 | 14,462 | 17,381 | 14,752 | 15,475 | 14,541 | 16,690 | 14,107 | 15,535 | 14,197 | 16,694 | 13,251 |
| Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Cash & Investments Cash & Investments Growth | 8,132 | 11,783 | 14,417 | 14,855 | 15,447 | 17,465 | 14,591 | 13,702 | 13,691 | 19,115 | 13,441 | 10,978 | 16,298 | 17,394 | 8,738 | 9,569 | 7,558 | 10,484 | 7,250 | 8,055 |
Total Debt Total Debt Growth | 65,272 | 69,802 | 64,607 | 66,569 | 67,719 | 66,835 | 58,396 | 60,126 | 59,839 | 62,871 | 59,935 | 58,525 | 60,304 | 61,676 | 54,013 | 53,826 | 53,375 | 57,547 | 55,140 | 58,978 |
Net Cash (Debt) Net Cash Growth | -57,140 | -58,019 | -50,190 | -51,714 | -52,272 | -49,370 | -43,805 | -46,424 | -46,148 | -43,756 | -46,494 | -47,547 | -44,006 | -44,282 | -45,275 | -44,257 | -45,817 | -47,063 | -47,890 | -50,923 |
Net Cash Growth | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net Cash Per Share Net Cash Per Share Growth | -59.94 | -60.94 | -52.70 | -54.50 | -55.14 | -52.22 | -46.48 | -50.26 | -49.39 | -46.88 | -50.14 | -51.47 | -47.86 | -48.25 | -49.43 | -48.95 | -50.31 | -51.76 | -52.82 | -56.21 |
| Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Operating Cash Flow Operating Cash Flow Growth | 2,597 | 5,169 | 4,040 | 3,082 | 1,701 | 4,370 | 4,330 | 2,881 | 2,066 | 4,168 | 4,463 | 3,056 | 2,638 | 3,774 | 3,965 | 1,901 | 1,321 | 3,248 | 2,544 | 2,713 |
Capital Expenditures CapEx Growth | -229 | -232 | -382 | -255 | -210 | -244 | -303 | -286 | -220 | -239 | -300 | -281 | -364 | -300 | -409 | -317 | -339 | -281 | -450 | -558 |
Free Cash Flow Free Cash Flow Growth | 2,368 | 4,937 | 3,658 | 2,827 | 1,491 | 4,126 | 4,027 | 2,595 | 1,846 | 3,929 | 4,163 | 2,775 | 2,274 | 3,474 | 3,556 | 1,584 | 982 | 2,967 | 2,094 | 2,155 |
Free Cash Flow Growth | 58.82% | 19.66% | -9.16% | 8.94% | -19.23% | 5.01% | -3.27% | -6.49% | -18.82% | 13.10% | 17.07% | 75.19% | 131.57% | 17.09% | 69.82% | -26.50% | -52.45% | -32.87% | -59.59% | -39.47% |
| Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Gross Margin | 57.73% | 56.23% | 60.59% | 57.32% | 58.77% | 55.23% | 59.48% | 56.26% | 56.74% | 53.54% | 59.07% | 54.38% | 54.93% | 52.69% | 57.71% | 52.67% | 53.36% | 51.67% | 56.91% | 53.63% |
Operating Margin | 16.55% | 13.81% | 25.04% | 17.17% | 18.32% | 12.37% | 21.88% | 14.13% | 14.93% | 10.22% | 23.19% | 14.51% | 14.77% | 10.14% | 20.45% | 9.88% | 11.39% | 6.96% | 16.83% | 7.72% |
Pretax Margin | 14.44% | 8.72% | 21.05% | 14.88% | 15.30% | 7.96% | 18.83% | -5.36% | 14.08% | 7.42% | 21.63% | 12.70% | 12.92% | 7.42% | 19.85% | -31.91% | 11.08% | 4.39% | 17.18% | 6.14% |
Profit Margin | 12.62% | 7.64% | 28.45% | 10.68% | 12.92% | 7.26% | 16.60% | -2.21% | 11.63% | 11.10% | 18.92% | 11.55% | 10.23% | 6.50% | 16.24% | -22.66% | 8.96% | 5.16% | 13.97% | 8.53% |
FCF Margin | 13.80% | 31.02% | 18.58% | 17.31% | 8.78% | 28.38% | 22.94% | 17.34% | 11.71% | 27.17% | 23.95% | 18.81% | 14.70% | 24.38% | 21.30% | 11.23% | 6.32% | 20.90% | 12.54% | 16.26% |
| Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Dividend Per Share Dividend Per Share Growth | 1.690 | 1.680 | 1.680 | 1.680 | 1.680 | 1.670 | 1.670 | 1.670 | 1.670 | 1.660 | 1.660 | 1.660 | 1.660 | 1.650 | 1.650 | 1.650 | 1.650 | 1.640 | 1.640 | 1.640 |
Dividend Per Share Growth | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% | 0.61% | 0.61% | 0.61% | 0.61% | 0.61% | 0.61% | 0.61% | 0.61% | 0.61% | 0.61% | 0.61% |
Dividend Yield | 2.41% | 2.81% | 2.31% | 2.44% | 2.34% | 2.79% | 3.18% | 3.18% | 4.09% | 3.74% | 4.40% | 5.18% | 5.48% | 5.66% | 5.33% | 6.38% | 5.43% | 5.96% | 5.86% | 5.97% |
| Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
PE Ratio | 24.64 | 21.15 | 26.14 | 33.24 | 46.97 | 42.13 | 33.75 | - | 18.84 | 21.40 | 19.91 | 18.46 | 60.03 | 64.87 | 77.72 | - | 22.73 | 21.18 | 20.87 | 26.13 |
Forward PE | 22.43 | 19.58 | 24.50 | 24.17 | 26.39 | 23.20 | 21.12 | 21.86 | 17.65 | 18.91 | 16.60 | 14.53 | 13.92 | 13.70 | 14.63 | 12.09 | 13.87 | 12.97 | 12.81 | 12.03 |
P/FCF Ratio | 19.17 | 17.61 | 22.88 | 21.08 | 22.39 | 18.31 | 16.40 | 16.25 | 12.50 | 13.32 | 11.77 | 10.58 | 11.16 | 12.39 | 14.02 | 14.07 | 15.49 | 12.60 | 11.17 | 9.01 |
PS Ratio | 3.83 | 3.30 | 4.10 | 4.02 | 4.28 | 3.67 | 3.24 | 3.25 | 2.55 | 2.82 | 2.41 | 2.09 | 2.01 | 1.96 | 2.10 | 1.77 | 2.13 | 2.00 | 2.09 | 2.92 |