INTERNATIONAL BUSINESS MACHINES CORP

IBM

INTERNATIONAL BUSINESS MACHINES CORP

IBM

Insider Sentiment (TTM):

Last Purchase:2026-02-25Last Sale:2025-03-03Shares Purchased (TTM):1,484Shares Sold (TTM):0

Institutional Sentiment:

As of:2026-03-31Institutional Shares Owned:554,364,574Shares Outstanding:938,533,632Institutional Ownership Pct.:59.07%

Earnings Market Reaction:

Filing Date:2026-07-23Price on Filing Date:N/APrevious Close:N/A% Change:N/A

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Financial Statements

10‑Q10‑K

Values in Millions ($)	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Assets
Assets Current
Cash And Cash Equivalents At Carrying Value	7,172	10,819	13,587	11,569	11,943	11,035	13,947	13,197	12,210	14,603	13,068	7,257
Restricted Cash	45	45	54	30	83	126	214	17	2,268	162	21	19
Debt Securities Available For Sale Excluding Accru…	960	964	830	3,286	3,504	6,430	644	505	1,481	4,512	373	3,721
Accounts Receivable Net Current	6,044	6,493	8,112	5,532	5,974	5,857	6,804	5,390	5,769	6,041	7,214	5,330
Short Term Financing Rece…
Accounts Notes And Loans …
Trade And Loans Receivables Held For Sale Net Not …	874	743	1,131	745	746	588	900	509	723	644	692	593
Other Receivables Net Current	1,348	1,242	1,052	1,174	1,187	897	947	928	757	760	640	842
Inventory Net
Inventory Finished Goods Net Of Reserves	320	268	-	314	188	203	-	169	141	131	-	159
Inventory Work In Process And Raw Materials Net Of…	1,425	1,208	-	1,083	1,063	1,228	-	1,199	1,093	1,081	-	1,239
Inventory Net	1,746	1,476	1,220	1,397	1,251	1,431	1,289	1,367	1,234	1,212	1,161	1,399
Capitalized Contract Cost Net Current	1,238	1,157	1,084	1,113	1,182	1,074	959	966	997	1,047	998	931
Prepaid Expense And Other Assets Current	3,188	3,209	2,530	2,739	2,796	2,770	2,520	2,408	2,784	2,804	2,639	2,582
Assets Current	28,398	31,914	36,944	32,740	34,253	35,336	34,482	30,543	33,299	36,663	32,908	27,705
Property Plant And Equipment And Finance Lease Rig…	17,603	17,765	17,874	18,058	18,160	17,827	17,691	17,994	17,911	18,071	18,122	18,217
Property Plant And Equipment And Finance Lease Rig…	11,867	11,985	11,975	12,207	12,218	12,085	11,959	12,380	12,311	12,477	12,621	12,848
Property Plant And Equipment And Finance Lease Rig…	5,736	5,781	5,899	5,851	5,943	5,742	5,731	5,614	5,600	5,594	5,501	5,369
Operating Lease Right Of Use Asset	3,068	3,219	3,129	3,223	3,315	3,323	3,197	3,355	3,130	3,204	3,220	3,112
Notes And Loans Receivable Net Noncurrent	-	7,014	7,708	6,258	6,171	4,920	5,353	4,931	5,483	4,927	5,766	4,789
Defined Benefit Plan Assets For Plan Benefits Nonc…	7,645	7,578	7,544	8,044	7,983	7,670	7,492	7,975	7,630	7,545	7,506	8,901
Capitalized Contract Cost Net Noncurrent	835	831	825	768	795	769	788	788	820	810	842	822
Deferred Income Tax Assets Net	8,709	8,552	8,610	8,505	8,475	7,594	6,978	6,943	6,378	6,465	6,656	6,168
Goodwill	74,599	74,709	67,717	67,396	67,506	66,065	60,706	61,092	59,416	59,534	60,178	59,596
Finite Lived Intangible Assets Net	13,955	14,624	11,391	11,729	12,253	12,392	10,660	11,090	10,251	10,750	11,036	11,278
Investments And Other Noncurrent Assets	2,028	2,009	2,112	1,796	1,891	1,856	1,787	2,009	1,840	1,678	1,626	1,582
Assets	152,099	156,229	151,880	146,312	148,585	145,667	137,175	134,339	133,848	137,169	135,241	129,321
Liabilities And Stockhold…
Liabilities
Liabilities Current
Taxes Payable Current	2,023	2,053	2,347	1,663	1,681	1,573	2,033	1,584	1,691	1,710	2,270	1,559
Short Term Borrowings	5,775	8,655	6,424	7,942	8,945	6,913	5,089	3,599	3,602	5,471	6,426	6,414
Accounts Payable Current	4,395	4,039	4,756	3,867	3,974	3,585	4,032	3,274	3,631	3,588	4,132	3,342
Employee Related Liabilities Current	3,364	3,941	4,114	3,508	3,353	3,653	3,605	3,250	3,125	3,190	3,501	3,257
Deferred Revenue Current	16,160	17,034	16,101	13,878	15,022	15,057	13,907	12,882	13,643	14,051	13,451	11,917
Operating Lease Liability Current	770	798	800	807	820	798	768	790	762	784	820	807
Liabilities Current	35,912	40,101	38,658	35,142	37,726	35,106	33,142	28,853	29,648	32,397	34,122	30,606
Long Term Debt Noncurrent	56,212	57,706	54,836	55,174	55,219	56,371	49,884	52,980	52,929	54,033	50,121	48,828
Pension And Other Postretirement Defined Benefit P…	8,603	8,763	9,018	9,735	9,882	9,536	9,432	10,366	10,200	10,421	10,808	9,090
Deferred Revenue Noncurrent	4,272	4,195	4,271	3,863	3,913	3,844	3,622	3,666	3,489	3,488	3,533	3,085
Operating Lease Liability Noncurrent	2,515	2,643	2,547	2,646	2,735	2,753	2,655	2,757	2,546	2,583	2,568	2,476
Other Liabilities Noncurrent	10,044	9,767	9,810	11,762	11,522	11,105	11,048	11,186	10,932	10,914	11,475	12,081
Liabilities	117,558	123,174	119,139	118,322	120,998	118,714	109,783	109,809	109,745	113,836	112,628	106,165
Stockholders Equity Inclu…
Stockholders Equity
Common Stocks Including Additional Paid In Capital	64,600	63,936	63,318	62,819	62,392	61,913	61,380	61,013	60,501	60,145	59,643	59,313
Retained Earnings Accumulated Deficit	155,937	155,327	155,648	151,581	151,367	150,703	151,163	149,789	151,659	151,362	151,276	149,506
Treasury Stock Common Value	-170,934	-170,874	-170,605	-170,512	-170,209	-170,160	-169,968	-169,935	-169,815	-169,759	-169,624	-169,640
Accumulated Other Comprehensive Income Loss Net Of…	-15,151	-15,415	-15,713	-15,983	-16,041	-15,575	-15,269	-16,418	-18,319	-18,488	-18,761	-16,098
Stockholders Equity	34,541	32,974	32,740	27,905	27,509	26,880	27,393	24,448	24,103	23,333	22,613	23,156
Minority Interest	89	81	93	85	79	72	86	82	77	72	80	75
Liabilities And Stockholders Equity	152,099	156,229	151,880	146,312	148,585	145,667	137,175	134,339	133,848	137,169	135,241	129,321
Allowance For Doubtful Accounts Receivable Current	107	102	99	116	109	102	114	132	129	152	192	198
Allowance For Notes And Loans Receivable Current	94	100	106	104	112	130	109	115	115	125	129	133
Allowance For Doubtful Other Receivables Current	32	37	37	38	41	32	31	35	36	38	109	106
Allowance For Notes And Loans Receivable Noncurren…	-	27	34	26	29	19	19	17	21	20	27	26
Common Stock Par Or Stated Value Per Share	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2
Common Stock Shares Authorized	4,688	4,688	4,688	4,688	4,688	4,688	4,688	4,688	4,688	4,688	4,688	4,688
Common Stock Shares Issued	2,296	2,294	2,291	2,288	2,285	2,283	2,279	2,278	2,274	2,271	2,267	2,265
Treasury Stock Common Shares	1,354	1,354	1,354	1,354	1,353	1,353	1,353	1,353	1,353	1,352	1,352	1,352

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Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2026	-4.40%	18.68%	25.36%	-	-	-	-	-	-	-	-	-
2025	17.10%	21.69%	24.48%	-7.36%	-2.06%	7.37%	7.85%	9.10%	7.33%	5.43%	10.53%	-3.67%
2024	3.84%	4.80%	11.35%	3.55%	14.95%	22.61%	9.68%	9.87%	10.57%	-5.39%	-7.35%	4.18%
2023	-	-	-	1.93%	5.23%	-0.20%	8.50%	13.37%	19.90%	3.64%	-1.38%	-7.29%
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Performance and Valuation Metrics

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Metrics	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Liquidity Ratios
Current Ratio	0.79	0.80	0.96	0.93	0.91	1.01	1.04	1.06	1.12	1.13	0.96	0.91
Quick Ratio	0.65	0.68	0.86	0.81	0.80	0.89	0.93	0.93	0.99	1.01	0.85	0.78
Working Capital	-7.51B	-8.19B	-1.71B	-2.40B	-3.47B	230.00M	1.34B	1.69B	3.65B	4.27B	-1.21B	-2.90B
Leverage & Debt
Debt to Equity	3.40	3.74	3.64	4.24	4.40	4.42	4.01	4.49	4.55	4.88	4.98	4.58
Interest Coverage TTM	6.42	6.42	6.35	6.04	4.43	4.38	4.39	4.71	6.34	6.22	6.40	6.33
Debt Ratio	0.77	0.79	0.78	0.81	0.81	0.81	0.80	0.82	0.82	0.83	0.83	0.82
Efficiency & Turnover
Asset Turnover TTM	0.46	0.46	0.47	0.47	0.45	0.44	0.46	0.47	0.47	0.46	0.47	0.48
Days Sales Outstanding TTM	31.74	32.71	40.31	30.48	33.47	34.56	40.77	31.26	33.48	34.69	40.58	32.39
Receivables Turnover TTM	11.50	11.16	9.06	11.98	10.91	10.56	8.95	11.68	10.90	10.52	8.99	11.27
Per Share Metrics
Diluted EPS TTM	11.25	11.29	11.17	8.33	6.15	5.79	6.43	6.93	9.02	8.76	8.14	7.50
Free Cash Flow Per Share TTM	14.65	13.76	12.98	13.35	13.15	13.57	13.45	13.57	13.81	14.33	13.92	13.23
Dividend Per Share TTM	6.70	6.69	6.71	6.67	6.66	6.65	6.67	6.63	6.62	6.61	6.63	6.59
Margin Metrics
Gross Profit Margin TTM	58.10%	58.36%	58.19%	57.81%	57.57%	57.04%	56.65%	56.53%	56.09%	55.64%	55.45%	55.04%
Operating Profit Margin TTM	15.11%	15.32%	15.29%	14.51%	9.77%	9.36%	9.24%	9.99%	14.31%	14.03%	14.05%	13.48%
Net Profit Margin TTM	15.52%	15.61%	15.69%	12.09%	9.11%	8.71%	9.60%	10.22%	13.52%	13.18%	12.13%	11.32%
Growth Metrics
Net Revenue Growth (1Y)	7.90%	9.68%	7.62%	4.51%	2.68%	1.23%	1.44%	2.31%	3.04%	2.45%	2.20%	1.05%
Net Income Growth (1Y)	83.87%	96.49%	75.88%	23.60%	-30.81%	-33.09%	-19.71%	-7.61%	316.55%	346.26%	357.72%	448.65%
EPS Growth (1Y)	81.84%	94.29%	73.89%	22.24%	-31.60%	-33.87%	-20.63%	-8.69%	311.83%	341.57%	353.43%	443.42%
Valuation Metrics
P/E TTM	24.50	20.85	25.55	32.48	45.54	40.55	32.14	30.26	17.74	19.92	18.32	16.86
P/B TTM	7.61	6.80	8.27	9.20	9.66	8.26	7.07	7.92	6.21	6.98	6.08	5.04
P/S TTM	3.80	3.25	4.01	3.93	4.15	3.53	3.08	3.09	2.40	2.63	2.22	1.91
Market Cap	262.79B	224.22B	270.64B	256.82B	265.64B	221.92B	193.59B	193.54B	149.56B	162.96B	137.41B	116.75B
Enterprise Value	317.56B	279.72B	318.26B	308.34B	317.77B	274.05B	234.40B	236.91B	191.61B	207.70B	180.87B	164.72B
Calculated Values
Free Cash Flow TTM	13.79B	12.91B	12.10B	12.47B	12.24B	12.59B	12.40B	12.53B	12.71B	13.14B	12.69B	12.08B
Net Debt	54.77B	55.50B	47.62B	51.52B	52.14B	52.12B	40.81B	43.37B	42.05B	44.74B	43.46B	47.97B
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
NCAV
NCAV Per Share TTM
Valuation Ratios
P/CF TTM
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2026-02-25Purchase

Owner: Howard, Michelle J

Title: -

Shares: 50

Price/Share: $237.83

Value: $11,891.50

Shares Owned: 194

Relationship: Director

Ownership: Direct

2026-02-25Purchase

Owner: Miebach, Michael

Title: -

Shares: 434

Price/Share: $233.33

Value: $101,265.22

Shares Owned: 434

Relationship: Director

Ownership: Direct

2026-01-30Purchase

Owner: Farr, David N

Title: -

Shares: 1,000

Price/Share: $304.00

Value: $304,000.00

Shares Owned: 9,258

Relationship: Director

Ownership: Direct

2025-03-03Sale

Owner: Thomas, Robert David

Title: Senior Vice President

Shares: 26,543

Price/Share: $253.01

Value: $6,715,644.43

Shares Owned: 45,007

Relationship: Officer

Ownership: Direct

2025-02-28Purchase

Owner: Farr, David N

Title: -

Shares: 1,200

Price/Share: $249.00

Value: $298,800.00

Shares Owned: 8,258

Relationship: Director

Ownership: Direct

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2026-02-25	Howard, Michelle J	Director	-	Direct	Purchase	50	237.83	$11,891.50	194	4
2026-02-25	Miebach, Michael	Director	-	Direct	Purchase	434	233.33	$101,265.22	434	4
2026-01-30	Farr, David N	Director	-	Direct	Purchase	1,000	304.00	$304,000.00	9,258	4
2025-03-03	Thomas, Robert David	Officer	Senior Vice President	Direct	Sale	26,543	253.01	$6,715,644.43	45,007	4
2025-02-28	Farr, David N	Director	-	Direct	Purchase	1,200	249.00	$298,800.00	8,258	4
2024-11-13	Zollar, Alfred W	Director	-	Direct	Purchase	936	210.62	$197,140.32	936	4
2024-11-08	Lamoreaux, Nickle Jaclyn	Officer	Senior Vice President	Direct	Sale	3,600	215.20	$774,720.00	25,390	4
2024-02-01	Browdy, Michelle H	Officer	Senior Vice President	Direct	Sale	9,800	184.85	$1,811,530.00	119,498	4
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Institutional Ownership

No data available for chart

2026-03-31

59.07%

Inst. Shares: 554,364,574

Shares Outstanding: 938,533,632

2025-12-31

61.70%

Inst. Shares: 575,202,575

Shares Outstanding: 932,293,927

2025-09-30

59.75%

Inst. Shares: 558,011,266

Shares Outstanding: 933,861,791

2025-06-30

60.35%

Inst. Shares: 561,761,817

Shares Outstanding: 930,807,276

2025-03-31

59.59%

Inst. Shares: 553,026,801

Shares Outstanding: 928,006,724

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2026-03-31	554,364,574	938,533,632	59.07%
2025-12-31	575,202,575	932,293,927	61.70%
2025-09-30	558,011,266	933,861,791	59.75%
2025-06-30	561,761,817	930,807,276	60.35%
2025-03-31	553,026,801	928,006,724	59.59%
2024-12-31	547,828,716	921,767,834	59.43%
2024-09-30	527,266,678	923,577,526	57.09%
2024-06-30	519,866,218	920,287,541	56.49%
2024-03-31	507,173,362	917,178,779	55.30%
2023-12-31	506,500,309	911,210,319	55.59%
2023-09-30	490,710,401	912,790,387	53.76%
2023-06-30	478,853,501	909,855,943	52.63%
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INTERNATIONAL BUSINESS MACHINES CORP (IBM) — SEC Financial Statements & Analysis

INTERNATIONAL BUSINESS MACHINES CORP (IBM) is a computer & office equipment company, incorporated in NY. INTERNATIONAL BUSINESS MACHINES CORP trades on NYSE as: IBM. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), INTERNATIONAL BUSINESS MACHINES CORP reported a 7.90% year-over-year revenue growth, a Gross Profit Margin of 58.10% (TTM), a Debt-to-Equity ratio of 3.40x, a Price-to-Sales (P/S) ratio of 3.80x (TTM), a Price-to-Book (P/B) ratio of 7.61x (TTM), at a market cap of $262.79B. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y: 7.90%
Gross Profit Margin TTM: 58.10%
Debt To Equity: 3.40x
P/S TTM: 3.80x
P/B TTM: 7.61x
Market Cap: $262.79B

Data as of 2026-06-30 · Source: SEC EDGAR

Frequently Asked Questions

What industry is INTERNATIONAL BUSINESS MACHINES CORP in?

INTERNATIONAL BUSINESS MACHINES CORP (IBM) operates in the Computer & office Equipment industry.

What is IBM's market cap?

INTERNATIONAL BUSINESS MACHINES CORP (IBM) has a market capitalization of $262.79B as of 2026-06-30.

What is IBM's P/E ratio?

INTERNATIONAL BUSINESS MACHINES CORP (IBM)'s trailing twelve month P/E ratio is 24.50x as of 2026-06-30.

What exchange does IBM trade on?

INTERNATIONAL BUSINESS MACHINES CORP (IBM) trades on the NYSE.

Where is INTERNATIONAL BUSINESS MACHINES CORP incorporated?

INTERNATIONAL BUSINESS MACHINES CORP is incorporated in NY.