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International Business Machines Corp (IBM)

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SEC name INTERNATIONAL BUSINESS MACHINES CORP · CIK 0000051143 · NYSE · Computer & office Equipment

  • Sector Manufacturing
  • Incorporated NY
  • Fiscal year ends Dec 31

For the year ended 2025-12-31, International Business Machines Corp reported revenue of $67.53B. Revenue grew 7.6% from the prior annual period. Over the twelve months to 2026-06-30, revenue was $69.09B.

Key ratios (year ended 2025-12-31)

58.2%
Gross margin
15.7%
Net margin
32.4%
Return on year-end equity
7.6%
Revenue growth (YoY)

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Latest selected filing: Form 4 (ownership change) · 2026-10-01

Headquarters locality: Armonk · View on map

Annual financials

Annual flows and balances are grouped by their actual period end. Select a figure to open its SEC filing. n/a means a matching observation is unavailable. Free cash flow is operating cash flow minus capital expenditures, and EBITDA is operating income plus depreciation and amortization, for the same period, computed by TickerFacts.

The first column covers the twelve months to 2026-06-30 from the latest quarterly report: flows are the last fiscal year plus this year to date minus the same months a year earlier, and balances are as of that date. Per-share figures are annual only.

Period endedTTM to
2026-06-30		2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Revenue$69.09B$67.53B$62.75B$61.86B$60.53B$57.35B$55.18B$57.71B$79.59B$79.14B$79.92B
Cost of Revenue$28.95B$28.24B$27.20B$27.56B$27.84B$25.86B$24.31B$26.18B$42.66B$42.20B$41.40B
Gross Profit$40.15B$39.30B$35.55B$34.30B$32.69B$31.49B$30.86B$31.53B$36.94B$36.94B$38.52B
R&D Expense$8.75B$8.32B$7.48B$6.78B$6.57B$6.49B$6.26B$5.91B$5.38B$5.59B$5.73B
Net Income$10.72B$10.59B$6.02B$7.50B$1.64B$5.74B$5.59B$9.43B$8.73B$5.75B$11.87B
EPS (Diluted)n/a$11.17$6.43$8.14$1.80$6.35$6.23$10.56$9.52$6.14$12.38
Total Assets$152.10B$151.88B$137.18B$135.24B$127.24B$132.00B$155.97B$152.19B$123.38B$125.36B$117.47B
Total Liabilities$117.56B$119.14B$109.78B$112.63B$105.22B$113.00B$135.24B$131.20B$106.45B$107.63B$99.08B
Long-Term Debtn/an/an/an/an/an/an/an/a$42.66B$45.05B$40.89B
Shareholders' Equity$34.54B$32.74B$27.39B$22.61B$22.02B$19.00B$20.73B$20.98B$16.93B$17.73B$18.39B
Cash & Equivalents$7.17B$13.59B$13.95B$13.07B$7.89B$6.65B$13.19B$8.17B$11.38B$11.97B$7.83B
Operating Cash Flow$14.89B$13.19B$13.45B$13.93B$10.44B$12.80B$18.20B$14.77B$15.25B$16.72B$17.08B
Capital Expenditures$1.10B$1.09B$1.05B$1.25B$1.35B$2.06B$2.62B$2.29B$3.40B$3.23B$3.57B
Free Cash Flow$13.79B$12.10B$12.40B$12.69B$9.09B$10.73B$15.58B$12.48B$11.85B$13.49B$13.52B
Share Repurchasesn/an/an/an/an/an/an/a$1.36B$4.44B$4.34B$3.50B
Dividends Paid$6.31B$6.25B$6.15B$6.04B$5.95B$5.87B$5.80B$5.71B$5.67B$5.51B$5.26B
Shares Outstandingn/a936.95M926.29M915.01M906.09M898.07M892.65M887.11M892.48M922.18M945.87M
Dividends Per Sharen/a$6.71$6.67$6.63$6.59$6.55$6.51$6.43$6.21$5.90$5.50
Weighted Average Diluted Sharesn/a948.68M937.16M922.07M912.27M904.64M896.56M892.81M916.32M937.39M958.71M
EPS (Basic)n/a$11.36$6.53$8.23$1.82$6.41$6.28$10.63$9.57$6.17$12.43

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