Skip to content
Loading your account…

IBM INTERNATIONAL BUSINESS MACHINES CORP

NYSETechnologyComputer & office EquipmentArmonk, NYFY ends December 31

Profitable 5/5: Fiscal years with net income above zero, out of the last five reported.FY2025 10-K filed Feb 24, 2026

FY2025 at a glance

Fundamentals from SEC filings, not quotes
Revenue
$67.5BYoYup 7.62%ended Dec 31, 2025
Net income
$10.6B15.7% margin
Diluted EPS
$11.17YoYup 73.72%
Free cash flow
—
Cash
$13.6B
Total debt
—
About INTERNATIONAL BUSINESS MACHINES CORP

Overview

INTERNATIONAL BUSINESS MACHINES CORP (IBM) is listed on NYSE; the SEC classifies it under "Computer & office Equipment".

For fiscal 2025 (ended Dec 31, 2025) it reported revenue of $67.54B, up 7.6% from fiscal 2024.

Net income was $10.59B, a net margin of 15.7%.

At fiscal year end it had total assets of $151.88B and stockholders' equity of $32.65B (21.5% of assets).

Fiscal years shown
FY2021–FY2025 (5 years)
Latest 10-K
Feb 24, 2026
Latest filing
10-QOct 22, 2026
FY2021–FY2025 · annual 10-K

Charts

Revenue and net income

Revenue and net income, fiscal years FY2021 to FY2025.
PeriodRevenueNet incomeNet margin
FY2021$57.4B$5.74B10.0%
FY2022$60.5B$1.64B2.7%
FY2023$61.9B$7.5B12.1%
FY2024$62.8B$6.02B9.6%
FY2025$67.5B$10.6B15.7%

Diluted EPS

Diluted EPS, fiscal years FY2021 to FY2025.
PeriodEPS (diluted)
FY2021$6.35
FY2022$1.80
FY2023$8.14
FY2024$6.43
FY2025$11.17

Shares outstanding

Shares outstanding, fiscal years FY2021 to FY2025.
PeriodShares outstanding
FY2021898M
FY2022906M
FY2023915M
FY2024926M
FY2025937M

Cash vs total debt

Cash vs total debt, fiscal years FY2021 to FY2025.
PeriodCash & equivalents
FY2021$6.65B
FY2022$7.89B
FY2023$13.1B
FY2024$13.9B
FY2025$13.6B

Each bar is one fiscal year as reported in its 10-K; bars below the zero line are negative and gaps are years not reported. Per-share figures are as reported, not adjusted for stock splits; comparisons across a likely split are left blank.

FY2025 · 5-year trend

Ratios

Profitability

Net margin
15.7%
Return on equity
35.3%
Return on assets
7.3%

Growth

Growth. Compound annual growth: (end ÷ start)^(1 ÷ years) − 1, both ends positive.
Metric1y3y CAGR
Revenueup 7.62%up 3.72%
EPS (diluted)up 73.72%up 83.76%
Free cash flow——
Change in share count
+1.15%

Financial strength

Liabilities / assets
78.4%
Equity / assets
21.5%

Shareholder returns

Not reported in this company's 10-K data yet.

Piotroski F-Score · Altman Z''-Score

Quality screens

Piotroski F-Score

3 of 4 checks passed

FY2025 vs FY2024

Not enough comparable 10-K data: a score needs at least 7 of the 9 checks.

  • PassPositive return on assets7.7%
  • —Not computablePositive operating cash flow—
  • PassReturn on assets improved7.7% vs 4.5%
  • —Not computableOperating cash flow above net income— vs 7.7%
  • —Not computableLong-term debt / assets fell—
  • —Not computableCurrent ratio improved—
  • FailNo increase in share count937M vs 926M
  • —Not computableGross margin improved—
  • PassAsset turnover improved0.49× vs 0.46×

Altman Z''-Score

Needs current assets and liabilities, retained earnings, operating income, total assets, liabilities and equity from the latest 10-K.

Screening heuristic, not a recommendation. Per-share figures are as reported, not adjusted for stock splits; comparisons across a likely split are left blank.

Last 5 fiscal years · newest first

Financial statements

USD millions, except per-share figures (USD). Share counts in millions.

Income statement

Income statement. USD millions, except per-share figures (USD). Share counts in millions.
MetricFY2025Dec 31, 2025FY2024Dec 31, 2024FY2023Dec 31, 2023FY2022Dec 31, 2022FY2021Dec 31, 2021
Revenue67,53562,75361,86060,53057,350
YoY (Revenue)+7.62%+1.44%+2.20%+5.54%—
Net income10,5936,0237,5021,6395,743
YoY (Net income)+75.88%-19.71%+357.72%-71.46%—
EPS (diluted)11.176.438.141.806.35
YoY (EPS (diluted))+73.72%-21.01%+352.22%-71.65%—

Balance sheet

Balance sheet. USD millions, except per-share figures (USD). Share counts in millions.
MetricFY2025Dec 31, 2025FY2024Dec 31, 2024FY2023Dec 31, 2023FY2022Dec 31, 2022FY2021Dec 31, 2021
Cash & equivalents13,58713,94713,0687,8866,650
Total assets151,880137,175135,241127,243132,001
Total liabilities119,139109,783112,628105,222113,005
Stockholders' equity32,64827,30722,53321,94418,901
Shares outstanding937926915906898
Key financials (annual, 10-K)

Values as reported in each fiscal year's Form 10-K (XBRL data on SEC EDGAR); growth and ratios are computed from those values. Revenue is the total revenue figure the company tagged (omitted when the only figure tagged is evidently partial, e.g. below net income); growth is only shown between consecutive ~12-month fiscal years reported with the same revenue measure. Per-share figures and share counts are as reported and not adjusted for later stock splits. — = not reported.

FY2025 · per diluted weighted share

Per share and valuation context

EPS (diluted)
$11.17
Revenue per share
$72.08
Book value per share
$34.84
Tangible book per share
$34.84
Cash per share
$14.50

Price ratios need a live quote. This page shows no stock prices. Per-share figures are as reported, not adjusted for stock splits; comparisons across a likely split are left blank.

Price ratio calculator

Type a share price to compute ratios from the latest 10-K figures. Nothing is stored or sent. (FY2025)

Market capPrice × diluted weighted shares
—
P/EPrice ÷ diluted EPS
—
P/BPrice ÷ book value per share
—
P/SPrice ÷ revenue per share
—
P/FCFPrice ÷ FCF per share
—
Dividend yieldDividends per share ÷ price
—
SEC EDGAR

Filing timeline

  1. 10-Q
    Quarterly report· Sep 30, 2026(SEC EDGAR)
  2. 8-K
    Current report· Oct 21, 2026(SEC EDGAR)
  3. 8-K
    Current report· Oct 1, 2026(SEC EDGAR)
  4. 8-K
    Current report· Aug 10, 2026(SEC EDGAR)
  5. 10-Q
    Quarterly report· Jun 30, 2026(SEC EDGAR)
  6. 8-K
    Current report· Jul 22, 2026(SEC EDGAR)
  7. 8-K
    Current report· Jul 14, 2026(SEC EDGAR)
  8. 8-K
    Current report· Jun 22, 2026(SEC EDGAR)
  9. 8-K
    Current report· May 28, 2026(SEC EDGAR)
  10. 8-K
    Current report· Apr 28, 2026(SEC EDGAR)
All filings on SEC EDGAR

Frequently asked questions

What does INTERNATIONAL BUSINESS MACHINES CORP do?

The SEC classifies INTERNATIONAL BUSINESS MACHINES CORP under Standard Industrial Classification (SIC) code 3570, "Computer & office Equipment". It is headquartered in Armonk, NY. It is incorporated in NY. In fiscal 2025 it reported revenue of $67.54B and net income of $10.59B in its annual 10-K report.

What was INTERNATIONAL BUSINESS MACHINES CORP's revenue in 2025?

INTERNATIONAL BUSINESS MACHINES CORP reported revenue of $67.54B for fiscal 2025, which ended Dec 31, 2025, up 7.6% from $62.75B in fiscal 2024, according to its annual 10-K report filed with the SEC on Feb 24, 2026.

What was INTERNATIONAL BUSINESS MACHINES CORP's net income in 2025?

INTERNATIONAL BUSINESS MACHINES CORP reported net income of $10.59B for fiscal 2025, a net margin of 15.7% of revenue.

Where is INTERNATIONAL BUSINESS MACHINES CORP listed?

According to the SEC, INTERNATIONAL BUSINESS MACHINES CORP's ticker IBM is listed on NYSE.

When does INTERNATIONAL BUSINESS MACHINES CORP's fiscal year end?

According to the SEC, INTERNATIONAL BUSINESS MACHINES CORP's fiscal year ends on December 31; its latest reported fiscal year (2025) ended Dec 31, 2025.

Source: SEC EDGAR · Last updated:

Ver en español

Not investment advice: This page shows financial data that companies reported to the US Securities and Exchange Commission, for information only. It is not investment advice or a recommendation to buy or sell any security, and it shows no stock prices. Data may be incomplete, restated or out of date — check the original filings on SEC EDGAR before making decisions.