International Business Machines Corporation
IBMLast close · Oct 16, 2026232.14−1.98 (−0.85%)
Market cap$218.7B
Key indicators
Revenue69.1B+7.9% on a year earlier
79.6B
77.1B
73.6B
57.4B
60.5B
61.9B
62.8B
67.5B
69.1B
70.4B
73.1B
76.9B
Fiscal year
FY201818
FY201919
FY202020
FY202121
FY202222
FY202323
FY202424
FY202525
TTMTTM
FY2026E26E
FY2027E27E
FY2028E28E
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM | FY2026E | FY2027E | FY2028E |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Growth | ||||||||||||
| 79.6B | 77.1B−3.1% | 73.6B−4.6% | 57.4B−22.1% | 60.5B+5.5% | 61.9B+2.2% | 62.8B+1.4% | 67.5B+7.6% | 69.1B+7.9% | 70.4B | 73.1B | 76.9B | |
| — | -3.1% | -4.6% | -22.1% | 5.5% | 2.2% | 1.4% | 7.6% | 7.9% | 4.2% | 3.9% | 5.2% | |
| $9.52 | $10.56+10.9% | $6.23−41.0% | $6.35+1.9% | $1.80−71.7% | $8.14+352.2% | $6.43−21.0% | $11.17+73.7% | $11.29+83.3% | $12.31 | $13.15 | $14.34 | |
| Profitability | ||||||||||||
| 46.4% | 47.3%+0.9 pt | 48.3%+1.0 pt | 54.9%+6.6 pt | 54.0%−0.9 pt | 55.4%+1.4 pt | 56.7%+1.2 pt | 58.2%+1.5 pt | 58.1%+0.5 pt | · | · | · | |
| 11.0% | 12.2%+1.3 pt | 7.6%−4.6 pt | 10.0%+2.4 pt | 2.7%−7.3 pt | 12.1%+9.4 pt | 9.6%−2.5 pt | 15.7%+6.1 pt | 15.5%+6.4 pt | · | · | · | |
| 52.0% | 45.3%−6.7 pt | 27.1%−18.1 pt | 30.4%+3.2 pt | 7.5%−22.9 pt | 33.3%+25.8 pt | 22.1%−11.2 pt | 32.4%+10.4 pt | — | · | · | · | |
| Cash | ||||||||||||
| 11.9B | 12.5B+5.3% | 15.6B+24.8% | 10.7B−31.1% | 9.1B−15.3% | 12.7B+39.6% | 12.4B−2.3% | 12.1B−2.4% | 13.8B+12.7% | · | · | · | |
| 14.9% | 16.2%+1.3 pt | 21.2%+5.0 pt | 18.7%−2.4 pt | 15.0%−3.7 pt | 20.5%+5.5 pt | 19.8%−0.8 pt | 17.9%−1.8 pt | 20.0%+0.8 pt | · | · | · | |
| 5.7B | 5.7B+0.7% | 5.8B+1.6% | 5.9B+1.2% | 5.9B+1.3% | 6.0B+1.5% | 6.1B+1.8% | 6.3B+1.8% | — | · | · | · | |
| Balance sheet | ||||||||||||
| 2.73x | 3.38x+0.65x | 3.33x−0.05x | 3.09x−0.24x | 2.54x−0.56x | 2.79x+0.26x | 2.20x−0.60x | 2.07x−0.13x | 1.97x−0.69x | · | · | · | |
| 916.32M | 892.81M−2.6% | 896.56M+0.4% | 904.64M+0.9% | 912.27M+0.8% | 922.07M+1.1% | 937.16M+1.6% | 948.68M+1.2% | 953.26M+0.6% | · | · | · | |
E = analyst consensus (revenue and EPS only). TTM = the twelve months to Jun 30, 2026: the last fiscal year, plus the quarters since, less the same quarters a year earlier. From the 10-K and the 10-Qs since, as accepted by the SEC; the shaded column is the latest period.