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NYSE · TechnologyInternational Business Machines Corp (IBM)
International Business Machines Corp brought in $69.1B of revenue over the twelve months to June 30, 2026, up 7.9% from a year earlier. Net income was $10.7B, a net margin of 15.5%. Operating cash flow minus capital spending left $12.1B of free cash flow in fiscal 2025. At June 30, 2026 it held $7.2B in cash against $56.2B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on July 23, 2026.
Key facts about International Business Machines Corp
- Net worth
- International Business Machines Corp has a market value (market cap) of $208.8B at the latest share price, and shareholders' equity of $34.5B on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $67.5B (+7.6% year on year), with net income of $10.6B. Over the 12 months to June 30, 2026: revenue $69.1B, net income $10.7B.
- Cash flow
- In fiscal 2025 operations brought in $13.2B of cash; after $1.1B of capital spending, free cash flow was $12.1B.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on July 23, 2026 and covers the period to June 30, 2026. Open on SEC EDGAR
- Next earnings report
- International Business Machines Corp's next report is expected around October 6, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- International Business Machines Corp paid dividends of $6.71 per share in fiscal 2025, a yield of 3.03% at the current price.
What International Business Machines Corp does
IBM sells mainframe computers, data storage hardware, enterprise middleware, and cloud infrastructure software. It also provides technology consulting, system integration, and business outsourcing services to corporations and government organizations. Its shares trade on NYSE under the ticker IBM.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $67.5B | $10.6B | $11.17 | $12.1B |
| 2024 | $62.8B | $6B | $6.43 | $12.4B |
| 2023 | $61.9B | $7.5B | $8.14 | $12.7B |
| 2022 | $60.5B | $1.6B | $1.80 | $9.1B |
| 2021 | $57.4B | $5.7B | $6.35 | $10.7B |
| 2020 | $55.2B | $5.6B | $6.23 | $15.6B |
Full financial statements: income, balance sheet and cash flow
Where IBM ranks in Technology
Dividends
International Business Machines Corp paid $6.71 per share in fiscal 2025. At the current price that is a yield of 3.03%. It paid out $6.3B in cash dividends, 59% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $6.71 | $6.3B | 59% |
| 2024 | $6.67 | $6.1B | 102% |
| 2023 | $6.63 | $6B | 81% |
| 2022 | $6.59 | $5.9B | 363% |
| 2021 | $6.55 | $5.9B | 102% |
| 2020 | $6.51 | $5.8B | 104% |
Latest SEC filings
What International Business Machines Corp has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 1, 2026Executive or director change8-KIBM elected Siris Capital Co-founder Frank Baker to its board of directors and expanded the board size to fourteen members.
- August 14, 2026Exhibits 8-K
- August 11, 2026
- August 10, 2026
- August 10, 2026
- July 29, 2026Form S-8 POS filing S-8 POS
- July 23, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 1.1% to $17.2B versus the same quarter last year; diluted EPS $2.27 versus $2.31.
- July 22, 2026
- July 14, 2026
- June 26, 2026
What is IBM worth? A DCF from its reported cash flow
Insider trades
What the people running International Business Machines Corp did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $5.8M worth of shares in the last 90 days and bought none on the open market.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| August 26, 2026 | Thomas Robert DavidSenior Vice President | Sold | 25,000 | $5.8M |
| July 1, 2026 | Robinson AnneSenior Vice President | Exercised options | 5,883 | - |
| July 1, 2026 | Robinson AnneSenior Vice President | Shares withheld for tax | 3,254 | $933K |
| July 1, 2026 | Robinson AnneSenior Vice President | Exercised options | 1,412 | - |
| July 1, 2026 | Robinson AnneSenior Vice President | Shares withheld for tax | 781 | $223.9K |
| June 4, 2026 | Fehring Nicolas A.VP, Controller | Gave as a gift | 400 | - |
| February 25, 2026 | Howard Michelle JDirector | Bought | 50 | $11.9K |
| February 25, 2026 | Miebach MichaelDirector | Bought | 434 | $101.3K |
Who owns IBM
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Vanguard Capital Management13G, passive | 7.48% | April 30, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 3,625 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 76,763,481 | -802,472 |
| Vanguard Capital Management LLC | 61,385,366 | +539,761 |
| State Street Corp | 56,045,055 | +1,450,562 |
| Vanguard Portfolio Management LLC | 28,348,295 | +687,429 |
| Geode Capital Management, LLC | 23,448,500 | +372,171 |
| Morgan Stanley | 17,459,828 | -2,171,123 |
| Capital World Investors | 16,207,905 | -854,548 |
| Bank of America Corp | 14,988,328 | -1,075,325 |
| Jpmorgan Chase & Co | 12,445,411 | -6,099,283 |
| Northern Trust Corp | 10,227,731 | -77,057 |
| Bank of New York Mellon Corp | 9,269,877 | +2,099,174 |
| Norges Bank | 8,416,339 | new |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 7,621,512 | +53,388 |
| Fmr LLC | 7,433,148 | +2,187,458 |
| Charles Schwab Investment Management Inc | 7,132,137 | +392,141 |
| Goldman Sachs Group Inc | 6,942,807 | -63,649 |
| Legal & General Group Plc | 6,666,667 | -247,386 |
| Wellington Management Group Llp | 6,549,393 | +6,283,395 |
| PeakShares LLC | 5,897 | +1,381 |
| Dimensional Fund Advisors LP | 5,584,047 | +446,759 |
Insiders
10 insiders reported holding 802,543 shares in total, about $177.8M at the last price.
| Holder | Shares |
|---|---|
| Krishna ArvindChairman, President & CEO, Director | 371,894 |
| Kavanaugh James JSr. VP and CFO | 175,392 |
| Cohn Gary DVice Chairman | 110,590 |
| Lamoreaux Nickle JaclynSenior Vice President | 56,755 |
| Thomas Robert DavidSenior Vice President | 47,800 |
| Fehring Nicolas A.VP, Controller | 16,578 |
| Robinson AnneSenior Vice President | 13,648 |
| Farr David NDirector | 9,258 |
| Miebach MichaelDirector | 434 |
| Howard Michelle JDirector | 194 |
Questions about IBM
What does International Business Machines Corp do?
IBM sells mainframe computers, data storage hardware, enterprise middleware, and cloud infrastructure software. It also provides technology consulting, system integration, and business outsourcing services to corporations and government organizations. Its shares trade on NYSE under the ticker IBM.
What is International Business Machines Corp's net worth?
International Business Machines Corp has a market value (market cap) of $208.8B at the latest share price, and shareholders' equity of $34.5B on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is International Business Machines Corp profitable?
Yes. Over the twelve months to June 30, 2026 it reported net income of $10.7B on revenue of $69.1B, a net margin of 15.5%.
How much revenue does International Business Machines Corp make?
Over the twelve months to June 30, 2026 International Business Machines Corp reported revenue of $69.1B. That is 7.9% more than a year earlier.
When did International Business Machines Corp last report?
Its most recent periodic report is the quarterly report (10-Q) filed on July 23, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the executive or director change from October 1, 2026.
When is International Business Machines Corp's next earnings report?
International Business Machines Corp's next report is expected around October 6, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
Does International Business Machines Corp pay a dividend?
Yes. International Business Machines Corp paid dividends of $6.71 per share in fiscal 2025, a yield of 3.03% at the current price.
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Follow IBM: get an email when it filesWhere the numbers come from
Financial figures are the values International Business Machines Corp tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.