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International Business Machines Corporation (IBM)
Technology · Information Technology Services · NYSE
International Business Machines Corporation revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $79.92B | $79.14B | $79.59B | $57.71B | $55.18B | $57.35B | $60.53B | $61.86B | $62.75B | $67.53B |
| Gross profit | $38.52B | $36.94B | $36.94B | $31.53B | $30.86B | $31.49B | $32.69B | $34.30B | $35.55B | $39.30B |
| Net income | $11.87B | $5.75B | $8.73B | $9.43B | $5.59B | $5.74B | $1.64B | $7.50B | $6.02B | $10.59B |
| Net margin | 14.9% | 7.3% | 11.0% | 16.3% | 10.1% | 10.0% | 2.7% | 12.1% | 9.6% | 15.7% |
Source: International Business Machines Corporation SEC filings (10-K). 19 years of history available in the interactive view.
What growth is priced into IBM stock?
At today's market cap of $260.81B, International Business Machines Corporation is priced for free-cash-flow growth of about 8.7% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $12.10B from the FY ending 2025-12-31). For comparison, free cash flow actually grew -4.9%/yr over the last five fiscal years and revenue 4.1%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 19 years of International Business Machines Corporation financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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International Business Machines Corporation financial history by metric
About International Business Machines Corporation
International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers hybrid cloud and AI platforms that allow clients to realize their digital and AI transformations across the applications, data, and environments in which they operate. The Consulting segment delivers strategy and technology services and intelligent operations, providing business transformation, technology implementation, managed services, application modernization, and AI-powered solutions. The Infrastructure segment provides on-premises and cloud-based server, and storage solutions, as well as life-cycle services for hybrid cloud infrastructure deployment. Its Financing segment offers client and commercial financing, and facilitates IBM clients' acquisition of hardware, software, and services. It has strategic partnerships with various companies, including hyperscalers, service providers, global system integrators, and software and hardware vendors that include Adobe, Amazon Web Services, Microsoft, Oracle, Salesforce, Samsung Electronics and SAP, and others. Additionally, the company operate a data streaming platform. The company has a strategic collaboration with Arm Holdings plc for the development of new dual-architecture hardware that helps enterprises run future AI and data intensive workloads; and strategic partnership with three.ws to advance ai-powered 3d agent technology. The company was formerly known as Computing-Tabulating-Recording Co. International Business Machines Corporation was incorporated in 1911 and is headquartered in Armonk, New York.
International Business Machines Corporation — frequently asked questions
What is International Business Machines Corporation's revenue?
International Business Machines Corporation (IBM) reported revenue of $67.53B for fiscal year 2025, up 7.6% from the prior year, according to its SEC filings.
Is International Business Machines Corporation profitable?
Yes. IBM earned net income of $10.59B in fiscal 2025, a net margin of 15.7%.
What is IBM's P/E ratio?
International Business Machines Corporation trades at a price-to-earnings ratio of about 24.6 based on the latest data in our nightly-refreshed cache.
How fast is International Business Machines Corporation growing?
IBM's revenue grew at roughly 4.1% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does International Business Machines Corporation have?
As of fiscal year 2025, IBM carried roughly $61.26B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is International Business Machines Corporation's gross margin?
IBM's gross margin was 58.2% in fiscal 2025 — gross profit of $39.30B on revenue of $67.53B.
What is International Business Machines Corporation's market cap?
International Business Machines Corporation (IBM) has a market capitalization of about $260.81B, based on the latest data in our nightly-refreshed cache.
When does International Business Machines Corporation's fiscal year end?
IBM's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into IBM stock?
At today's market cap of $260.81B, International Business Machines Corporation is priced for free-cash-flow growth of about 8.7% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $12.10B from the FY ending 2025-12-31). For comparison, free cash flow actually grew -4.9%/yr over the last five fiscal years and revenue 4.1%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from International Business Machines Corporation's official SEC filings (10-K and 10-Q), covering 19 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.