International Business Machines Corporation (IBM)
NYSE: IBM · Real-Time Price · USD
232.09
-2.80 (-1.19%)
At close: Sep 8, 2026, 4:00 PM EDT
231.99
-0.10 (-0.04%)
After-hours: Sep 8, 2026, 7:59 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 | 69,095 | 68,911 | 67,535 | 65,403 | 64,039 | 62,832 | 62,753 | 62,580 | 62,366 | 62,070 | 61,860 | 61,171 | 60,525 | 60,585 | 60,530 | 60,534 | 59,678 | 58,363 | 57,351 | 42,582 |
Revenue Growth | 7.90% | 9.68% | 7.62% | 4.51% | 2.68% | 1.23% | 1.44% | 2.30% | 3.04% | 2.45% | 2.20% | 1.05% | 1.42% | 3.81% | 5.54% | 42.16% | 27.27% | 14.90% | 3.94% | -43.25% |
Gross Profit Gross Profit Growth | 40,143 | 40,215 | 39,296 | 37,810 | 36,869 | 35,840 | 35,552 | 35,379 | 34,982 | 34,533 | 34,300 | 33,666 | 33,072 | 32,863 | 32,688 | 32,556 | 32,233 | 31,796 | 31,486 | 27,798 |
Operating Income Operating Income Growth | 12,759 | 13,021 | 12,622 | 11,559 | 10,870 | 10,109 | 9,788 | 9,978 | 10,004 | 9,936 | 9,421 | 9,286 | 8,539 | 8,024 | 7,521 | 6,963 | 6,592 | 6,121 | 5,583 | 3,586 |
Net Income Net Income Growth | 10,725 | 10,754 | 10,593 | 7,907 | 5,833 | 5,473 | 6,023 | 6,397 | 8,430 | 8,180 | 7,502 | 6,924 | 2,025 | 1,833 | 1,639 | 1,262 | 5,588 | 5,521 | 5,743 | 4,766 |
Earnings Per Share EPS Growth | 11.27 | 11.31 | 11.16 | 8.36 | 6.21 | 5.83 | 6.43 | 6.86 | 9.03 | 8.84 | 8.14 | 7.47 | 2.21 | 2.00 | 1.79 | 1.39 | 6.15 | 6.10 | 6.35 | 5.29 |
EPS Growth | 81.40% | 94.15% | 73.65% | 21.91% | -31.18% | -34.06% | -21.00% | -8.20% | 309.22% | 341.39% | 353.76% | 436.48% | -64.14% | -67.18% | -71.75% | -73.66% | 3.68% | 2.16% | 1.86% | -40.07% |
| 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 | 7,747 | 7,545 | 7,327 | 7,143 | 6,916 | 6,667 | 6,490 | - | - | - | - | - | - | - | - | - | - | - | - | - |
Automation Automation Growth | 7,958 | 7,890 | 7,733 | 7,385 | 7,014 | 6,751 | 6,558 | - | - | - | - | - | - | - | - | - | - | - | - | - |
Data Data Growth | 6,820 | 6,537 | 6,299 | 5,920 | 5,813 | 5,692 | 5,629 | - | - | - | - | - | - | - | - | - | - | - | - | - |
Transaction Processing Transaction Processing Growth | 8,529 | 8,707 | 8,603 | 8,405 | 8,426 | 8,412 | 8,408 | 8,140 | 7,948 | 7,697 | 7,615 | 7,508 | 7,389 | 7,222 | 7,172 | 7,241 | 6,933 | 6,744 | 6,390 | - |
Strategy and Technology Strategy and Technology Growth | 11,664 | 11,651 | 11,537 | 11,481 | 11,432 | 11,407 | 11,488 | - | - | - | - | - | - | - | - | - | - | - | - | - |
Intelligent Operations Intelligent Operations Growth | 9,607 | 9,608 | 9,518 | 9,400 | 9,278 | 9,167 | 9,204 | - | - | - | - | - | - | - | - | - | - | - | - | - |
Hybrid Infrastructure Hybrid Infrastructure Growth | 10,784 | 11,080 | 10,618 | 9,760 | 9,262 | 8,756 | 8,913 | 9,231 | 9,409 | 9,309 | 9,215 | 8,971 | 8,959 | 9,459 | 9,450 | 9,264 | 8,786 | 8,085 | 8,167 | - |
Infrastructure Support Infrastructure Support Growth | 5,068 | 5,078 | 5,100 | 5,083 | 5,064 | 5,074 | 5,107 | 5,136 | 5,188 | 5,261 | 5,377 | 5,499 | 5,591 | 5,707 | 5,837 | 5,955 | 6,002 | 6,029 | 6,022 | - |
Financing Financing Growth | 785 | 765 | 736 | 727 | 708 | 711 | 713 | 718 | 723 | 739 | 742 | 739 | 727 | 688 | 646 | 646 | 656 | 719 | 773 | 845 |
Other Product / Service Other Product / Service Growth | 133 | 50 | 63 | 97 | 127 | 196 | 243 | 255 | 357 | 471 | 532 | 469 | 369 | 397 | 452 | 749 | 961 | 1,058 | 1,118 | 941 |
Revenue (Total) Revenue (Total) Growth | 69,096 | 68,911 | 67,535 | 65,403 | 64,040 | 62,833 | 62,753 | 62,581 | 62,365 | 62,070 | 61,860 | 61,458 | 60,813 | 60,873 | 60,530 | 60,533 | 59,677 | 58,360 | 57,350 | 61,023 |
| 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 | -60.04 | -61.05 | -52.91 | -54.66 | -55.62 | -52.51 | -46.74 | -49.74 | -49.44 | -47.25 | -50.42 | -51.33 | -48.01 | -48.43 | -49.63 | -49.02 | -50.45 | -51.92 | -52.94 | -56.41 |
| 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 | 14,888 | 13,992 | 13,193 | 13,483 | 13,282 | 13,647 | 13,445 | 13,578 | 13,753 | 14,325 | 13,931 | 13,433 | 12,278 | 10,961 | 10,435 | 9,014 | 9,826 | 11,130 | 12,796 | 16,112 |
Capital Expenditures CapEx Growth | -1,098 | -1,079 | -1,091 | -1,012 | -1,043 | -1,053 | -1,048 | -1,045 | -1,040 | -1,184 | -1,245 | -1,354 | -1,390 | -1,365 | -1,346 | -1,387 | -1,628 | -1,849 | -2,062 | -2,290 |
Free Cash Flow Free Cash Flow Growth | 13,790 | 12,913 | 12,102 | 12,471 | 12,239 | 12,594 | 12,397 | 12,533 | 12,713 | 13,141 | 12,686 | 12,079 | 10,888 | 9,596 | 9,089 | 7,627 | 8,198 | 9,281 | 10,734 | 13,822 |
Free Cash Flow Growth | 12.67% | 2.53% | -2.38% | -0.50% | -3.73% | -4.16% | -2.28% | 3.76% | 16.76% | 36.94% | 39.57% | 58.37% | 32.81% | 3.39% | -15.32% | -44.82% | -46.16% | -42.54% | -31.10% | 4.14% |
| 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 | 58.10% | 58.36% | 58.19% | 57.81% | 57.57% | 57.04% | 56.65% | 56.53% | 56.09% | 55.64% | 55.45% | 55.04% | 54.64% | 54.24% | 54.00% | 53.78% | 54.01% | 54.48% | 54.90% | 65.28% |
Operating Margin | 18.47% | 18.89% | 18.69% | 17.67% | 16.97% | 16.09% | 15.60% | 15.94% | 16.04% | 16.01% | 15.23% | 15.18% | 14.11% | 13.24% | 12.43% | 11.50% | 11.05% | 10.49% | 9.74% | 8.42% |
Pretax Margin | 15.11% | 15.32% | 15.29% | 14.51% | 9.77% | 9.36% | 9.24% | 9.99% | 14.31% | 14.02% | 14.05% | 13.48% | 3.09% | 2.63% | 1.91% | 1.18% | 10.10% | 8.94% | 8.43% | 2.80% |
Profit Margin | 15.52% | 15.61% | 15.68% | 12.09% | 9.11% | 8.71% | 9.60% | 10.22% | 13.52% | 13.18% | 12.13% | 11.32% | 3.35% | 3.03% | 2.71% | 2.08% | 9.36% | 9.46% | 10.01% | 11.19% |
FCF Margin | 19.96% | 18.74% | 17.92% | 19.07% | 19.11% | 20.04% | 19.75% | 20.03% | 20.39% | 21.17% | 20.51% | 19.75% | 17.99% | 15.84% | 15.02% | 12.60% | 13.74% | 15.90% | 18.72% | 32.46% |
| 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 | 6.730 | 6.720 | 6.710 | 6.700 | 6.690 | 6.680 | 6.670 | 6.660 | 6.650 | 6.640 | 6.630 | 6.620 | 6.610 | 6.600 | 6.590 | 6.580 | 6.570 | 6.560 | 6.550 | 6.540 |
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 | 31.84 | 18.85 | 21.40 | 19.91 | 18.46 | 60.00 | 64.87 | 77.72 | 85.03 | 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 |