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International Business Machines Corporation (IBM)
NYSE: IBM · Real-Time Price · USD
253.56
+1.45 (0.58%)
At close: Oct 23, 2026, 4:00 PM EDT
253.00
-0.56 (-0.22%)
After-hours: Oct 23, 2026, 7:59 PM EDT

IBM Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Revenue
69,86869,09568,91167,53565,40264,03962,83262,75362,58062,36662,07061,86061,17160,52560,58560,53060,53459,67858,36357,351
Revenue Growth
6.83%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%
Gross Profit
40,49940,14340,21539,29637,80836,86935,84035,55235,37934,98234,53334,30033,66633,07232,86332,68832,55632,23331,79631,486
Operating Income
12,84412,75913,02112,62211,57210,87010,1099,7889,97810,0049,9369,4219,2868,5398,0247,5216,9636,5926,1215,583
Net Income
11,17110,72510,75410,5937,9075,8335,4736,0236,3978,4308,1807,5026,9242,0251,8331,6391,2625,5885,5215,743
Earnings Per Share
11.7211.2711.3111.168.366.215.836.436.869.038.848.147.472.212.001.791.396.156.106.35
EPS Growth
40.22%81.40%94.15%73.65%21.91%-31.18%-34.06%-21.00%-8.20%309.21%341.39%353.76%436.48%-64.14%-67.18%-71.75%-73.66%3.68%2.16%1.86%

Revenue by Segment
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Hybrid Cloud
7,9477,7477,5457,3277,1436,9166,6676,490------------
Automation
7,8947,9587,8907,7337,3857,0146,7516,558------------
Data
7,0996,8206,5376,2995,9205,8135,6925,629------------
Transaction Processing
8,7108,5298,7078,6038,4058,4268,4128,4088,1407,9487,6977,6157,5087,3897,2227,1727,2416,9336,7446,390
Strategy and Technology
11,72411,66411,65111,53711,48111,43211,40711,488------------
Intelligent Operations
9,5589,6079,6089,5189,4009,2789,1679,204------------
Hybrid Infrastructure
10,97310,78411,08010,6189,7609,2628,7568,9139,2319,4099,3099,2158,9718,9599,4599,4509,2648,7868,0858,167
Infrastructure Support
5,0275,0685,0785,1005,0835,0645,0745,1075,1365,1885,2615,3775,4995,5915,7075,8375,9556,0026,0296,022
Financing
777785765736727708711713718723739742739727688646646656719773
Other Product / Service
1611335063971271962432553574715324693693974527499611,0581,118
Revenue (Total)
69,86869,09668,91167,53565,40364,04062,83362,75362,58162,36562,07061,86061,45860,81360,87360,53060,53359,67758,36057,350

Cash & Debt
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Cash & Investments
11,0588,13211,78314,41714,85515,44717,46514,59113,70213,69119,11513,44110,97816,29817,3948,7389,5697,55810,4847,250
Total Debt
67,14065,27269,80264,60766,56967,71966,83558,39660,12659,83962,87159,93558,52560,30461,67654,01353,82653,37557,54755,140
Net Cash (Debt)
-56,082-57,140-58,019-50,190-51,714-52,272-49,370-43,805-46,424-46,148-43,756-46,494-47,547-44,006-44,282-45,275-44,257-45,817-47,063-47,890
Net Cash Growth
--------------------
Net Cash Per Share
-58.86-60.04-61.05-52.91-54.66-55.62-52.51-46.74-49.74-49.44-47.25-50.42-51.33-48.01-48.43-49.63-49.02-50.45-51.92-52.94

Cash Flow & CapEx
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Operating Cash Flow
15,83114,88813,99213,19313,48313,28213,64713,44513,57813,75314,32513,93113,43312,27810,96110,4359,0149,82611,13012,796
Capital Expenditures
-1,175-1,098-1,079-1,091-1,012-1,043-1,053-1,048-1,045-1,040-1,184-1,245-1,354-1,390-1,365-1,346-1,387-1,628-1,849-2,062
Free Cash Flow
14,65613,79012,91312,10212,47112,23912,59412,39712,53312,71313,14112,68612,07910,8889,5969,0897,6278,1989,28110,734
Free Cash Flow Growth
17.52%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%

Margins
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Gross Margin
57.97%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%
Operating Margin
18.38%18.47%18.89%18.69%17.69%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%
Pretax Margin
15.04%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%
Profit Margin
15.99%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%
FCF Margin
20.98%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%

Dividends
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Dividend Per Share
6.7406.7306.7206.7106.7006.6906.6806.6706.6606.6506.6406.6306.6206.6106.6006.5906.5806.5706.5606.550
Dividend Per Share Growth
0.60%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%
Dividend Yield
3.07%2.40%2.78%2.27%2.38%2.27%2.69%3.04%3.02%3.86%3.48%4.06%4.73%4.96%5.04%4.69%5.54%4.67%5.05%4.91%

Valuation
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
PE Ratio
18.5524.6421.1526.1433.2446.9742.1333.7531.8418.8521.4019.9118.4660.0064.8777.7285.0322.7321.1820.87
Forward PE
17.2222.4319.5824.5024.1726.3923.2021.1221.8617.6518.9116.6014.5313.9213.7014.6312.0913.8712.9712.81
P/FCF Ratio
14.1419.1717.6122.8821.0822.3918.3116.4016.2512.5013.3211.7710.5811.1612.3914.0214.0715.4912.6011.17
PS Ratio
2.973.833.304.104.024.283.673.243.252.552.822.412.092.011.962.101.772.132.002.09