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International Business Machines Corporation (IBM)
NYSE: IBM · Real-Time Price · USD
227.55
+11.27 (5.21%)
At close: Jul 28, 2026, 4:00 PM EDT
226.53
-1.02 (-0.45%)
After-hours: Jul 28, 2026, 7:38 PM EDT

IBM Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '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 Sep '21
Revenue
17,16215,91719,68616,33116,97714,54117,55414,96815,77014,46217,38114,75215,47514,54116,69014,10715,53514,19716,69413,251
Revenue Growth
1.09%9.46%12.14%9.11%7.65%0.55%1.00%1.46%1.91%-0.54%4.14%4.57%-0.39%2.42%-0.02%6.46%9.26%7.66%-18.03%-24.54%
Gross Profit
9,9078,95011,9289,3609,9778,03110,4398,4208,9507,74210,2678,0238,5018,0319,6327,4308,2907,3359,5017,106
Operating Income
2,9661,8614,6222,9223,1071,6133,730-3732,6461,5054,1632,2852,4231,6133,625-4,2062,0199343,1721,103
Net Income
2,1651,2165,6001,7442,1941,0552,914-3301,8341,6053,2881,7041,5831,0552,710-3,1961,3927332,3331,130
Earnings Per Share
2.271.285.881.842.311.123.09-0.341.961.723.551.841.721.012.96-3.541.530.732.571.25
EPS Growth
-1.73%14.29%90.29%-17.86%-34.88%-12.96%-13.95%70.30%19.93%-12.42%38.36%15.17%-4.08%-31.13%70.20%-34.21%

Revenue by Segment
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '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 Sep '21
Hybrid Cloud
1,9981,9051,9581,8861,7961,6871,7741,6591,5471,510----------
Automation
1,9511,7412,3321,9341,8831,5841,9841,5631,6201,391----------
Data
1,7821,4742,1051,4591,4991,2361,7261,3521,3781,173----------
Transaction Processing
2,0301,9322,6371,9302,2081,8282,4391,9512,1941,8242,1711,7591,9431,7422,0641,6401,7761,6922,1331,332
Strategy and Technology
2,9332,8962,9302,9052,9202,7822,8742,8562,8952,863----------
Intelligent Operations
2,3942,3762,4182,4192,3952,2862,3002,2972,2842,323----------
Hybrid Infrastructure
2,5702,1083,8432,2632,8661,6462,9851,7652,3601,8033,3031,9432,2601,7093,0591,9312,7601,7002,8731,453
Infrastructure Support
1,2651,2181,2891,2961,2751,2401,2721,2771,2851,2731,3011,3291,3581,3891,4231,4211,4741,5191,5411,468
Financing
186220179200166191170181169193175186185196172174146154172184
Other Product / Service
5248-538-316129683810841170152169-2270180224275282
Revenue (Total)
17,16215,91719,68616,33116,97714,54117,55414,96815,77014,46217,38114,75215,47514,54116,69014,10715,53514,19716,69413,251

Cash & Debt
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '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 Sep '21
Cash & Investments
8,13211,78314,41714,85515,44717,46514,59113,70213,69119,11513,44110,97816,29817,3948,7389,5697,55810,4847,2508,055
Total Debt
65,27269,80264,60766,56967,71966,83558,39660,12659,83962,87159,93558,52560,30461,67654,01353,82653,37557,54755,14058,978
Net Cash (Debt)
-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
-59.94-60.94-52.70-54.50-55.14-52.22-46.48-50.27-49.39-46.88-50.14-51.48-47.86-48.25-49.43-48.95-50.31-51.76-52.82-56.21

Cash Flow & CapEx
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '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 Sep '21
Operating Cash Flow
2,5975,1694,0403,0821,7014,3704,3302,8812,0664,1684,4633,0562,6383,7743,9651,9011,3213,2482,5442,713
Capital Expenditures
-229-232-382-255-210-244-303-286-220-239-300-281-364-300-409-317-339-281-450-558
Free Cash Flow
2,3684,9373,6582,8271,4914,1264,0272,5951,8463,9294,1632,7752,2743,4743,5561,5849822,9672,0942,155
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%

Margins
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '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 Sep '21
Gross Margin
57.73%56.23%60.59%57.31%58.77%55.23%59.47%56.25%56.75%53.53%59.07%54.39%54.93%55.23%57.71%52.67%53.36%51.67%56.91%53.63%
Operating Margin
17.28%11.69%23.48%17.89%18.30%11.09%21.25%-2.49%16.78%10.41%23.95%15.49%15.66%11.09%21.72%-29.82%13.00%6.58%19.00%8.32%
Pretax Margin
14.44%8.71%21.05%14.88%15.30%7.96%18.83%-5.36%14.07%7.43%21.63%12.70%12.92%7.96%19.84%-31.91%11.08%4.39%17.19%6.14%
Profit Margin
12.62%7.64%28.34%10.68%12.92%7.25%16.67%-2.12%11.60%10.89%18.90%11.62%10.22%7.25%17.20%-22.78%9.43%4.66%14.75%7.83%
FCF Margin
13.80%31.02%18.58%17.31%8.78%28.37%22.94%17.34%11.71%27.17%23.95%18.81%14.69%23.89%21.31%11.23%6.32%20.90%12.54%16.26%

Dividends
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '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 Sep '21
Dividend Per Share
1.6901.6801.6801.6801.6801.6701.6701.6701.6701.6601.6601.6601.6601.6501.6501.6501.6501.6401.6401.640
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
0.60%0.69%0.57%0.60%0.57%0.67%0.76%0.76%0.97%0.87%1.01%1.18%1.24%1.26%1.17%1.39%1.17%1.26%1.23%1.24%

Valuation
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '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 Sep '21
PE Ratio
24.9521.4326.5233.7547.7042.6534.1932.0919.0721.6320.0918.6362.2466.8878.2792.1023.1821.5325.6524.99
Forward PE
22.4319.5824.5024.1726.3923.2021.1221.8617.6518.9116.6014.5313.9213.7014.6312.0913.8712.9712.8112.03
P/FCF Ratio
19.2117.6422.9321.1522.4418.3516.4316.3112.5313.3511.8010.6111.2012.4214.0514.0815.5612.6011.198.61
PS Ratio
3.833.314.114.034.293.683.243.272.552.832.422.082.001.962.111.772.142.002.101.95