International Business Machines Corporation

International Business Machines Corporation

16.65
USD
+0.37
(+2.27%)
0.80EPS
23.29P/E
251.07BMarket Cap
Jan 27Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
6.39
6.57
5.94
5.95
6.03
6.21
4.63
4.41
4.55
4.77
4.83
4.84
5.15
5.24
Basic EPS, GAAP
1.07
0.85
0.96
0.88
0.44
0.68
0.76
0.45
0.46
0.13
0.59
0.46
0.81
0.81
Free Cash Flow per Basic Share
0.87
0.9
0.95
0.96
0.99
0.88
0.95
1.2
0.8
0.67
0.95
0.91
0.87
1
Dividend per Share
0.26
0.3
0.36
0.39
0.42
0.44
0.46
0.46
0.47
0.47
0.47
0.47
0.48
0.48
Book Value per Share
1.54
0.85
1.05
1.37
1.36
1.34
1.67
1.64
1.5
1.72
1.75
2.1
2.48
2.6
Tangible Book Value per Share
-0.83
-1.56
-1.56
-1.7
-1.77
-1.8
-4.22
-3.74
-3.9
-3.55
-3.78
-3.38
-3.53
-4.08
Basic Weighted Avg Shares
15,391
14,123
13,763
13,435
13,118
12,825
12,476
12,520
12,600
12,694
12,814
12,962
13,110
13,184
Sales/Revenue/Turnover
98,368
92,793
81,742
79,920
79,139
79,591
57,714
55,179
57,351
60,530
61,860
62,753
67,536
69,097
Operating Margin (%)
21.86
21.92
20.2
18.36
16.6
16.61
13.06
8.45
11.97
13.5
15.17
16.05
18.5
18.39
Depreciation Expense
4,678
4,492
3,855
4,381
4,541
4,480
6,059
6,695
6,417
4,802
4,396
4,667
5,021
5,202
Net Income, GAAP
16,483
12,022
13,190
11,872
5,753
8,728
9,431
5,590
5,742
1,640
7,502
6,023
10,593
10,725
Effective Tax Rate (%)
16.61
21.18
16.19
3.64
49.49
23.09
0.83
- -
2.56
- -
13.53
- -
- -
- -
Profit Margin (%)
16.76
12.96
16.14
14.85
7.27
10.97
16.34
10.13
10.01
2.71
12.13
9.6
15.68
15.52
Working Capital
11,196
7,796
8,235
7,613
12,372
10,919
719
-704
-4,080
-2,387
-1,214
1,340
-1,714
-7,514
LT Debt
32,856
34,991
33,428
34,655
39,837
35,605
57,981
56,937
47,379
48,379
52,689
52,539
57,383
58,727
Total Equity
22,929
12,014
14,424
18,392
17,725
16,930
20,985
20,726
18,996
22,021
22,613
27,393
32,741
34,541
Return on Invested Capital (%)
27.33
23.47
23.01
21.71
9.86
14.41
8.7
- -
7.94
- -
9.52
- -
- -
- -
Return on Capital (%)
29.27
21.5
25.38
21.73
9.69
14.59
14.17
- -
8.59
- -
11.21
- -
- -
- -
Return on Common Equity (%)
79.15
69.37
100.96
73.04
32.1
50.76
50.12
26.98
29.07
8.03
33.73
24.17
35.34
34.62

Capital Structure

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
7,224
9,453
6,545
LT Borrowings
54,836
57,706
56,212
LT Finance Leases
2,547
2,643
2,515
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
13,176
13,217
13,249
Market Capitalization
268,526
214,648
251,065

Working Capital

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
36,944
31,914
28,398
Cash, Cash Equivalents & STI
14,417
11,783
8,132
Accounts Receivable, Net
8,112
6,493
6,044
Inventories
1,220
1,476
1,746
Total Current Liabilities
38,658
40,101
35,912
Payables & Accruals
11,219
9,674
9,843
ST Debt
7,224
9,453
6,545
Deferred Revenue
16,101
17,034
16,160

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.3%
10.18%
19.52%
Free Cash Flow
0.63%
-2.19%
-2.59%
Net Income, GAAP
30.24%
68.98%
75.88%
Sales/Revenue/Turnover
-1.38%
4.15%
7.62%
Total Cash Common Dividend
2.5%
1.53%
1.76%

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
14,461
15,769
14,967
17,553
62,753
2025
14,541
16,977
16,331
19,687
67,536
2026
15,917
17,162
- -
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.12
0.14
-0.03
0.22
0.46
2025
0.08
0.17
0.13
0.43
0.81
2026
0.09
0.16
- -
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.12
0.12
0.12
0.12
0.47
2025
0.12
0.12
0.12
0.12
0.48
2026
0.12
0.12
- -
- -
- -

Company Description

CEO
Arvind Krishna
Full Time Employees
286,800
Sector
Technology services
Industry
Information technology services
Address
One New Orchard Road Armonk NY United States 10504
IPO Date
Nov 11, 1915
Website
ibm.com
Business
International Business Machines Corporation (IBM) is a multinational technology company that provides enterprise hardware, software, cloud computing, artificial intelligence, cybersecurity, data analytics, and consulting services to businesses worldwide; its core offerings include the watsonx AI platform, hybrid cloud solutions via Red Hat, mainframe systems such as zSystems, Power servers, storage systems, enterprise software for automation and orchestration, and professional services encompassing business transformation, IT infrastructure modernization, and application management. Founded in 1911 as the Computing-Tabulating-Recording Company in Endicott, New York, and renamed IBM in 1924, the company is headquartered in Armonk, New York, with operations across more than 170 countries, research facilities on six continents, and a focus on industries including finance, healthcare, energy, and government. IBM serves large enterprises and public sector clients through its Partner Plus program, emphasizing AI-driven innovation, hybrid cloud management, and responsible technology deployment. In recent developments, IBM completed its acquisition of HashiCorp in February 2025 to enhance hybrid cloud automation and security, acquired Hakkoda Inc. to expand data expertise for AI transformations, acquired Prescinto for AI-powered renewable energy asset management, and announced intent to acquire DataStax to bolster watsonx data solutions; additionally, IBM strengthened its partnership with AWS in December 2025 to accelerate agentic AI adoption, continues investments via its $500 million IBM Ventures fund in AI and quantum startups such as Hugging Face and QEDMA, and unveiled advancements in agentic orchestration and infrastructure automation in October 2025.

Company News

  • NetApp vs. IBM: Which Enterprise Storage Stock is the Better Buy?

  • IBM Beats Q3 Earnings Estimates on Software, Infrastructure Growth

  • 3 Tech Stocks Suffering Steep Post-Earnings Slides

  • IBM maintains full-year outlook as software growth lifts margins

  • IBM falls as analysts question staying power of software rebound

  • IBM beats Q3 earnings on software rebound, guides full-year revenue growth

  • IBM Sinks 7% as CEO's AI Spending Caution Overshadows Earnings Beat; Accenture and Infosys Ease Back

  • IBM and Scuderia Ferrari HP Expand AI-Powered Fan Experience Ahead of the United States Grand Prix

  • IBM's stock falls as investors struggle to shake off July earnings miss

  • Why is IBM stock down 5% despite Q3 earnings beat?

  • Tesla, SpaceX, Meta, IBM, and More Stocks That Explain Today's Market

  • IBM Shares Are Falling Thursday: What's Happening?

  • IBM stock crashed 5% overnight; Here's why

  • 38,962 International Business Machines Corporation $IBM Shares Bought by Cantor Fitzgerald Investment Advisors L.P.

  • Big Blue's Wild Wednesday Ride: IBM Crushes Q3 Earnings, So Why Did the Stock Tank Mid-Call?

  • International Business Machines Corporation (IBM) Q3 2026 Earnings Call Transcript

  • International Business Machines Corp (IBM) (Q3 2026) Earnings Call Highlights: Revenue Growth Accelerates to 6% as Software and AI Momentum Builds

  • IBM: 3 Key Takeaways for Long-Term Investors

  • IBM (IBM) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

  • What International Business Machines (IBM) Said on Its Q3 Earnings Call