International Business Machines Corporation logo

International Business Machines Corporation

IBM

NYSETechnologyInformation Technology Services

Previous close

$235.68

+$1.99 · +0.85%

Aug 21, 4:00 PM ET

Pre-market

$235.33

−$0.3498 · -0.15%

Aug 24, 7:44 AM ET

IBM company overview

Historical prices · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

87

Deep Value

Momentum

50

Neutral

Sentiment

58

Mixed

Risk resilience

60

Moderate Risk

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Company profile

Company website

International Business Machines Corporation (IBM) delivers comprehensive technology solutions and services across the globe. The company's operations are structured into four primary segments: Software, Consulting, Infrastructure, and Financing. The Software division provides hybrid cloud platforms and a range of software offerings, including Red Hat's enterprise open-source solutions. It also develops software for business automation, AIOps and management, integration, and application servers, in addition to data and artificial intelligence tools. This segment further supplies security software and services for threat, data, and identity management, and offers critical transaction processing software that supports essential on-premise workloads for industries such as banking, airlines, and retail. The Consulting arm delivers business transformation services, which encompass strategy development, business process design and operational improvements, data and analytics insights, and system integration. It additionally provides technology consulting and specialized application and cloud platform services. IBM's Infrastructure segment offers both on-premises and cloud-based server and storage solutions, specifically tailored for clients' crucial and regulated operations. It also extends support and solutions for hybrid cloud infrastructure, alongside remanufacturing and remarketing services for used equipment. The Financing segment provides various financial services, such as leasing, installment payment plans, loan financing, and short-term working capital solutions. Originally established in 1911 as the Computing-Tabulating-Recording Co., the company is now known as International Business Machines Corporation and maintains its headquarters in Armonk, New York.

Industry
Information Technology Services
Sector
Technology
Headquarters
US
CEO
Arvind Krishna
Listed since
Sep 24, 1915
Employees
264,300

Market position

Day range

Current $235.68

52-week range

Current $235.68

Open
$233.71
Previous close
$233.69
Volume
2.98M
0.3× average
Average volume
9.82M
Average daily volume
Market cap
222.04B USD
Beta
0.71
Market reference 1
50-day average
$247.36
-4.72% below average
200-day average
$266
-11.40% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
329.67B USD
EV / EBITDA
19.07×
Earnings yield
3.84%
Free cash flow yield
4.38%

Profitability & efficiency

Return on equity
32.45%
Return on assets
6.97%
Return on invested capital
10.37%

Financial health

Current ratio
0.93×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends64%42%19%-3%Gross margin, FY2021: 54.90%Gross margin, FY2022: 54.00%Gross margin, FY2023: 55.45%Gross margin, FY2024: 56.65%Gross margin, FY2025: 58.19%Operating margin, FY2021: 11.97%Operating margin, FY2022: 13.50%Operating margin, FY2023: 15.88%Operating margin, FY2024: 16.05%Operating margin, FY2025: 18.50%Net margin, FY2021: 10.01%Net margin, FY2022: 2.71%Net margin, FY2023: 12.13%Net margin, FY2024: 9.60%Net margin, FY2025: 15.68%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 54.90%. Gross margin FY2022 54.00%. Gross margin FY2023 55.45%. Gross margin FY2024 56.65%. Gross margin FY2025 58.19%. Operating margin FY2021 11.97%. Operating margin FY2022 13.50%. Operating margin FY2023 15.88%. Operating margin FY2024 16.05%. Operating margin FY2025 18.50%. Net margin FY2021 10.01%. Net margin FY2022 2.71%. Net margin FY2023 12.13%. Net margin FY2024 9.60%. Net margin FY2025 15.68%.

Income trends

Revenue

67.54B USD+7.62%

Operating income

12.49B USD+24.00%

Net income

10.59B USD+75.88%
Income trends across reported periods74.13B USD47.77B USD21.41B USD−4.95B USDRevenue, FY2021: 57.35B USDRevenue, FY2022: 60.53B USDRevenue, FY2023: 61.86B USDRevenue, FY2024: 62.75B USDRevenue, FY2025: 67.54B USDOperating income, FY2021: 6.87B USDOperating income, FY2022: 8.17B USDOperating income, FY2023: 9.82B USDOperating income, FY2024: 10.07B USDOperating income, FY2025: 12.49B USDNet income, FY2021: 5.74B USDNet income, FY2022: 1.64B USDNet income, FY2023: 7.5B USDNet income, FY2024: 6.02B USDNet income, FY2025: 10.59B USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 57.35B USD. Revenue FY2022 60.53B USD. Revenue FY2023 61.86B USD. Revenue FY2024 62.75B USD. Revenue FY2025 67.54B USD. Operating income FY2021 6.87B USD. Operating income FY2022 8.17B USD. Operating income FY2023 9.82B USD. Operating income FY2024 10.07B USD. Operating income FY2025 12.49B USD. Net income FY2021 5.74B USD. Net income FY2022 1.64B USD. Net income FY2023 7.5B USD. Net income FY2024 6.02B USD. Net income FY2025 10.59B USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue67.54B USD62.75B USD61.86B USD60.53B USD57.35B USD
Cost of goods sold28.24B USD27.2B USD27.56B USD27.84B USD25.87B USD
Gross profit39.3B USD35.55B USD34.3B USD32.69B USD31.49B USD
Research and development8.32B USD7.48B USD6.78B USD6.57B USD6.49B USD
Selling, general, and administrative18.14B USD17.91B USD17.56B USD18.61B USD18.75B USD
Operating expenses26.81B USD25.48B USD24.48B USD24.51B USD24.62B USD
Interest income645M USD747M USD670M USD162M USD52M USD
Interest expense1.94B USD1.71B USD1.61B USD1.22B USD1.16B USD
Depreciation and amortization5.02B USD4.67B USD4.4B USD4.8B USD6.42B USD
Operating income12.49B USD10.07B USD9.82B USD8.17B USD6.87B USD
Net income10.59B USD6.02B USD7.5B USD1.64B USD5.74B USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
91%
10 beats, 0 misses, 1 met estimate
Average EPS surprise
+5.66%
11 comparable reports
Latest EPS result
2.93
Estimate 2.93 · Met by 0.00%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates4.773.582.391.21Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26MetQ4 '26Estimate
Q1 2025, reported Jan 29, 2025: actual 3.92, estimate 3.77, surprise +3.98%, Beat. Q2 2025, reported Apr 23, 2025: actual 1.6, estimate 1.42, surprise +12.68%, Beat. Q3 2025, reported Jul 23, 2025: actual 2.8, estimate 2.65, surprise +5.66%, Beat. Q4 2025, reported Oct 22, 2025: actual 2.65, estimate 2.45, surprise +8.16%, Beat. Q1 2026, reported Jan 28, 2026: actual 4.52, estimate 4.31, surprise +4.87%, Beat. Q2 2026, reported Apr 22, 2026: actual 1.91, estimate 1.81, surprise +5.52%, Beat. Q3 2026, reported Jul 22, 2026: actual 2.93, estimate 2.93, surprise 0.00%, Met estimate. Q4 2026, reported Oct 21, 2026: actual —, estimate 2.9, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates20.47B18.18B15.89B13.6BQ1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Jan 29, 2025: actual 17.55B USD, estimate 17.56B USD, surprise -0.03%, Miss. Q2 2025, reported Apr 23, 2025: actual 14.54B USD, estimate 14.39B USD, surprise +1.05%, Beat. Q3 2025, reported Jul 23, 2025: actual 16.98B USD, estimate 16.59B USD, surprise +2.34%, Beat. Q4 2025, reported Oct 22, 2025: actual 16.33B USD, estimate 16.09B USD, surprise +1.48%, Beat. Q1 2026, reported Jan 28, 2026: actual 19.69B USD, estimate 19.19B USD, surprise +2.58%, Beat. Q2 2026, reported Apr 22, 2026: actual 15.92B USD, estimate 15.63B USD, surprise +1.83%, Beat. Q3 2026, reported Jul 22, 2026: actual 17.16B USD, estimate 17.46B USD, surprise -1.73%, Miss. Q4 2026, reported Oct 21, 2026: actual —, estimate 16.82B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Rating distribution

51 ratings
Strong buy12%
Buy2345%
Hold2243%
Sell510%
Strong sell00%

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