International Business Machines (IBM) Financials: Revenue & Earnings

IBM price $250.01 -0.24 -0.10%

Ticker
IBM
Price
$250.01
Change
-0.24 -0.10%
Market cap ?
$236.29B
P/E ?
21.31
Forward P/E ?
20.16
Dividend yield ?
2.66%
Beta ?
0.72
Sector
Technology
Industry
Information Technology Services
Stocklytics score
48
Value
46
Quality
49
Growth
49

Stocklytics score rationale: value 46, quality 49, growth 49.

Financials

2016201720182019202020212022202320242025
79920000000791390000007959100000057714000000551790000005735100000060530000000618600000006275300000067536000000

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…

Fair value

IBM fair value $288.29. Price $250.01. Price is 13% below fair value.

Below fair value, and cheaper than usual. A larger discount than on 96% of days in the past 5 years.

Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.

Calculated with a 10-year free-cash-flow discount. Starting free cash flow 14.34B. Growth 9.73%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 8.70% (beta 0.8). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 945.12M. Net debt 53.51B. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the stock's own 10-year median P/E, kept between 8 and 40. Fewer than five years of history uses the sector's typical P/E. Fair value is the average of the cash-flow value and the earnings value when both exist. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.

Compare IBM

Earnings

DateEPS actualEPS estimateRevenueRevenue estimate
2027-01-27—4.63—20.41B
2026-10-212.952.8517.10B16.82B
2026-07-222.932.9517.16B17.46B
2026-04-221.911.8115.92B15.63B
2026-01-284.524.3119.69B19.19B
2025-10-222.652.4516.33B16.09B
2025-07-232.802.6516.98B16.59B
2025-04-231.601.4214.54B14.39B
2025-01-293.923.7717.55B17.56B
2024-10-232.302.2214.97B15.08B
2024-07-242.432.2015.77B15.62B
2024-04-241.681.6014.46B14.55B
2024-01-243.873.7817.38B17.30B
2023-10-252.202.1314.75B13.91B
2023-07-192.182.0115.47B14.80B
2023-04-191.361.2714.25B14.35B
2023-01-253.603.6016.69B16.15B
2022-10-191.811.7814.11B13.52B
2022-07-182.312.2915.54B15.08B
2022-04-191.401.3414.20B13.78B
2022-01-243.353.3016.70B13.89B
2021-10-202.522.4913.25B17.77B
2021-07-192.332.2514.22B18.29B
2021-04-191.771.6713.19B16.21B
2021-01-212.071.7820.37B17.18B
2020-10-192.582.5517.56B17.56B
2020-07-202.182.1418.12B17.29B
2020-04-201.841.7817.57B17.19B
2020-01-214.714.6821.78B21.64B
2019-10-162.682.6418.03B17.96B
2019-07-173.173.0719.16B18.56B
2019-04-162.252.2218.18B17.94B
2019-01-224.874.8121.76B21.54B
2018-10-163.423.4018.76B18.65B
2018-07-183.083.0420.00B19.74B
2018-04-172.452.4019.07B18.84B
2018-01-185.185.1722.54B22.50B
2017-10-173.303.2819.15B19.04B
2017-07-182.792.7419.29B17.80B
2017-04-182.382.3518.16B17.93B

Dividends

Yield 2.70%. Payout ratio 56.72%. Frequency Quarterly.

Safety score 82/100 · Safe. Payout ratio is 57% of earnings. Dividends use a moderate share of free cash flow. Dividends were paid in 57 separate years. Yield is 2.7%, in a range that is usually sustainable.

Ex-dateDividendRecordPaymentFrequency
2026-11-10$1.692026-11-102026-12-10Quarterly
2026-08-10$1.692026-08-102026-09-10Quarterly
2026-05-08$1.692026-05-082026-06-10Quarterly
2026-02-10$1.682026-02-102026-03-10Quarterly
2025-11-10$1.682025-11-102025-12-10Quarterly
2025-08-08$1.682025-08-082025-09-10Quarterly
2025-05-09$1.682025-05-092025-06-10Quarterly
2025-02-10$1.672025-02-102025-03-10Quarterly
2024-11-12$1.672024-11-122024-12-10Quarterly
2024-08-09$1.672024-08-092024-09-10Quarterly
2024-05-09$1.672024-05-102024-06-10Quarterly
2024-02-08$1.662024-02-092024-03-09Quarterly
2023-11-09$1.662023-11-102023-12-09Quarterly
2023-08-09$1.662023-08-102023-09-09Quarterly
2023-05-09$1.662023-05-102023-06-10Quarterly
2023-02-09$1.652023-02-102023-03-10Quarterly
2022-11-09$1.652022-11-102022-12-10Quarterly
2022-08-09$1.652022-08-102022-09-10Quarterly
2022-05-09$1.652022-05-102022-06-10Quarterly
2022-02-10$1.642022-02-112022-03-10Quarterly
2021-11-09$1.642021-11-102021-12-10Quarterly
2021-08-09$1.572021-08-102021-09-10Quarterly
2021-05-07$1.572021-05-102021-06-10Quarterly
2021-02-09$1.562021-02-102021-03-10Quarterly
2020-11-09$1.562020-11-102020-12-10Quarterly
2020-08-07$1.562020-08-102020-09-10Quarterly
2020-05-07$1.562020-05-082020-06-10Quarterly
2020-02-07$1.552020-02-102020-03-10Quarterly
2019-11-07$1.552019-11-082019-12-10Quarterly
2019-08-08$1.552019-08-092019-09-10Quarterly
2019-05-09$1.552019-05-102019-06-10Quarterly
2019-02-07$1.502019-02-082019-03-09Quarterly
2018-11-08$1.502018-11-092018-12-10Quarterly
2018-08-09$1.502018-08-102018-09-10Quarterly
2018-05-09$1.502018-05-102018-06-09Quarterly
2018-02-08$1.432018-02-092018-03-10Quarterly
2017-11-09$1.432017-11-102017-12-09Quarterly
2017-08-08$1.432017-08-102017-09-09Quarterly
2017-05-08$1.432017-05-102017-06-10Quarterly
2017-02-08$1.342017-02-102017-03-10Quarterly
2016-11-08$1.342016-11-102016-12-10Quarterly
2016-08-08$1.342016-08-102016-09-10Quarterly
2016-05-06$1.342016-05-102016-06-10Quarterly
2016-02-08$1.242016-02-102016-03-10Quarterly
2015-11-06$1.242015-11-102015-12-10Quarterly
2015-08-06$1.242015-08-102015-09-10Quarterly
2015-05-06$1.242015-05-082015-06-10Quarterly
2015-02-06$1.052015-02-102015-03-10Quarterly
2014-11-06$1.052014-11-102014-12-10Quarterly
2014-08-06$1.052014-08-082014-09-10Quarterly
2014-05-07$1.052014-05-092014-06-10Quarterly
2014-02-06$0.912014-02-102014-03-10Quarterly
2013-11-06$0.912013-11-082013-12-10Quarterly
2013-08-07$0.912013-08-092013-09-10Quarterly
2013-05-08$0.912013-05-102013-06-10Quarterly
2013-02-06$0.812013-02-082013-03-09Quarterly
2012-11-07$0.812012-11-092012-12-10Quarterly
2012-08-08$0.812012-08-102012-09-10Quarterly
2012-05-08$0.812012-05-102012-06-09Quarterly
2012-02-08$0.722012-02-102012-03-10Quarterly
2011-11-08$0.722011-11-102011-12-10Quarterly
2011-08-08$0.722011-08-102011-09-10Quarterly
2011-05-06$0.722011-05-102011-06-10Quarterly
2011-02-08$0.622011-02-102011-03-10Quarterly
2010-11-08$0.622010-11-102010-12-10Quarterly
2010-08-06$0.622010-08-102010-09-10Quarterly
2010-05-06$0.622010-05-102010-06-10Quarterly
2010-02-08$0.532010-02-102010-03-10Quarterly
2009-11-06$0.532009-11-102009-12-10Quarterly
2009-08-06$0.532009-08-102009-09-10Quarterly
2009-05-06$0.532009-05-082009-06-10Quarterly
2009-02-06$0.482009-02-102009-03-10Quarterly
2008-11-06$0.482008-11-102008-12-10Quarterly
2008-08-06$0.482008-08-082008-09-10Quarterly
2008-05-07$0.482008-05-092008-06-10Quarterly
2008-02-06$0.382008-02-082008-03-10Quarterly
2007-11-07$0.382007-11-092007-12-10Quarterly
2007-08-08$0.382007-08-102007-09-10Quarterly
2007-05-08$0.382007-05-102007-06-09Quarterly
2007-02-07$0.292007-02-092007-03-10Quarterly

Insider trades

DateInsiderActionSharesPriceValue
2026-10-01Baker FrankOther0——
2026-09-30Laguarta RamonBuy415$219.9391.27K
2026-09-30Gorsky AlexBuy489$219.93107.55K
2026-09-30HOWARD MICHELLE JBuy291$219.9364.00K
2026-09-30LIVERIS ANDREW NBuy444$219.9397.65K
2026-09-30MCNABB FREDERICK WILLIAM IIIBuy415$219.9391.27K
2026-09-30Miebach MichaelBuy415$219.9391.27K
2026-09-30Pollack Martha EBuy268$219.9358.94K
2026-09-30VOSER PETER R.Buy455$219.93100.07K
2026-09-30ZOLLAR ALFRED WBuy415——
2026-09-30FARR DAVID NBuy268——
2026-09-30Buberl ThomasBuy444——
2026-09-30Brown Marianne CatherineBuy415——
2026-08-27KRISHNA ARVINDBuy8.38K——
2026-08-26Thomas Robert DavidSell25.00K$230.325.76M
2026-07-01Robinson AnneBuy5.88K——
2026-07-01Robinson AnneBuy1.41K——
2026-07-01Robinson AnneSell781$286.73223.93K
2026-07-01Robinson AnneSell3.25K$286.73933.00K
2026-07-01Robinson AnneSell5.88K——
2026-07-01Robinson AnneSell1.41K——
2026-06-30Miebach MichaelBuy325——
2026-06-30Laguarta RamonBuy325——
2026-06-30ZOLLAR ALFRED WBuy325——
2026-06-30VOSER PETER R.Buy356——
2026-06-30Pollack Martha EBuy209——
2026-06-30MCNABB FREDERICK WILLIAM IIIBuy325——
2026-06-30LIVERIS ANDREW NBuy347——
2026-06-30HOWARD MICHELLE JBuy228——
2026-06-30Gorsky AlexBuy383——
2026-06-30FARR DAVID NBuy209——
2026-06-30Buberl ThomasBuy341——
2026-06-30Brown Marianne CatherineBuy325——
2026-06-04Fehring Nicolas A.Sell400——
2026-03-31Laguarta RamonBuy126——
2026-03-31Brown Marianne CatherineBuy377——
2026-03-31Buberl ThomasBuy377——
2026-03-31FARR DAVID NBuy243——
2026-03-31Gorsky AlexBuy444——
2026-03-31HOWARD MICHELLE JBuy264——
2026-03-31LIVERIS ANDREW NBuy403——
2026-03-31MCNABB FREDERICK WILLIAM IIIBuy377——
2026-03-31Miebach MichaelBuy377——
2026-03-31VOSER PETER R.Buy413——
2026-03-31WADDELL FREDERICK HBuy403——
2026-03-31ZOLLAR ALFRED WBuy377——
2026-03-31Pollack Martha EBuy243——
2026-03-01Laguarta RamonOther0——
2026-02-26Robinson AnneBuy25.36K$243.226.17M
2026-02-26Robinson AnneBuy6.34K——
2026-02-26LAMOREAUX NICKLE JACLYNBuy25.14K$243.226.11M
2026-02-26LAMOREAUX NICKLE JACLYNBuy6.29K——
2026-02-26KRISHNA ARVINDBuy90.07K$243.2221.91M
2026-02-26KRISHNA ARVINDBuy22.52K——
2026-02-26KAVANAUGH JAMES JBuy41.45K$243.2210.08M
2026-02-26KAVANAUGH JAMES JBuy10.36K——
2026-02-26Fehring Nicolas A.Buy7.58K$243.221.84M
2026-02-26Fehring Nicolas A.Buy2.84K——
2026-02-26COHN GARY DBuy42.26K$243.2210.28M
2026-02-26COHN GARY DBuy10.56K——
2026-02-26Thomas Robert DavidBuy42.26K$243.2210.28M
2026-02-26Thomas Robert DavidBuy10.56K——
2026-02-25HOWARD MICHELLE JBuy50$237.8311.89K
2026-02-25Miebach MichaelBuy434$233.33101.26K
2026-02-21COHN GARY DBuy2.25K——
2026-02-21COHN GARY DBuy2.61K——
2026-02-21COHN GARY DSell1.24K$256.42318.73K
2026-02-21COHN GARY DBuy2.73K——
2026-02-21COHN GARY DSell1.44K$256.42370.27K
2026-02-21COHN GARY DSell1.51K$256.42386.42K
2026-02-21COHN GARY DSell2.25K——
2026-02-21COHN GARY DSell2.61K——
2026-02-21COHN GARY DSell2.73K——
2026-02-21KAVANAUGH JAMES JBuy2.88K——
2026-02-21KAVANAUGH JAMES JBuy3.58K——
2026-02-21KAVANAUGH JAMES JSell1.44K$256.42369.76K
2026-02-21KAVANAUGH JAMES JSell1.79K$256.42459.50K
2026-02-21KAVANAUGH JAMES JBuy3.38K——
2026-02-21KAVANAUGH JAMES JSell1.69K$256.42434.38K
2026-02-21KAVANAUGH JAMES JSell2.88K——
2026-02-21KAVANAUGH JAMES JSell3.58K——
2026-02-21KAVANAUGH JAMES JSell3.38K——
2026-02-21KRISHNA ARVINDBuy5.61K——
2026-02-21KRISHNA ARVINDBuy6.12K——
2026-02-21KRISHNA ARVINDSell2.81K$256.42721.57K
2026-02-21KRISHNA ARVINDSell3.07K$256.42786.95K
2026-02-21KRISHNA ARVINDBuy5.17K——
2026-02-21KRISHNA ARVINDSell2.59K$256.42663.36K
2026-02-21KRISHNA ARVINDSell5.61K——
2026-02-21KRISHNA ARVINDSell6.12K——
2026-02-21KRISHNA ARVINDSell5.17K——
2026-02-21Fehring Nicolas A.Buy632——
2026-02-21Fehring Nicolas A.Sell320$256.4282.05K
2026-02-21Fehring Nicolas A.Buy540——
2026-02-21Fehring Nicolas A.Sell274$256.4270.26K
2026-02-21Fehring Nicolas A.Buy396——
2026-02-21Fehring Nicolas A.Sell201$256.4251.54K
2026-02-21Fehring Nicolas A.Sell632——
2026-02-21Fehring Nicolas A.Sell540——
2026-02-21Fehring Nicolas A.Sell396——

Institutional holders

Latest filed quarter: Q2 2026.

Institutions holding: 3.79K, holders +177 vs prior quarter. Ownership 66.00%.

HolderSharesChangeChange %Value
BLACKROCK, INC.76.76M-802.47K-1.03%21.59B
VANGUARD CAPITAL MANAGEMENT LLC61.39M539.76K+0.89%17.26B
STATE STREET CORP56.05M1.45M+2.66%15.76B
VANGUARD PORTFOLIO MANAGEMENT LLC28.35M687.43K+2.49%7.97B
GEODE CAPITAL MANAGEMENT, LLC23.45M372.17K+1.61%6.58B
MORGAN STANLEY17.46M-2.17M-11.06%4.91B
CAPITAL WORLD INVESTORS16.21M-854.55K-5.01%4.56B
BANK OF AMERICA CORP /DE/14.99M-1.08M-6.69%4.21B
JPMORGAN CHASE & CO12.45M-6.10M-32.89%3.46B
NORTHERN TRUST CORP10.23M-77.06K-0.75%2.88B
BANK OF NEW YORK MELLON CORP9.27M2.10M+29.27%2.61B
NORGES BANK8.42M8.42MNew2.37B
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC7.62M53.39K+0.71%2.14B
FMR LLC7.43M2.19M+41.70%2.09B
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P.7.13M7.13MNew2.01B
CHARLES SCHWAB INVESTMENT MANAGEMENT INC7.13M392.14K+5.82%2.01B
GOLDMAN SACHS GROUP INC6.94M-63.65K-0.91%1.95B
LEGAL & GENERAL GROUP PLC6.67M-247.39K-3.58%1.87B
SUSQUEHANNA INTERNATIONAL GROUP, LLP6.60M3.66M+124.26%1.86B
WELLINGTON MANAGEMENT GROUP LLP6.55M6.55MNew1.84B
DIMENSIONAL FUND ADVISORS LP5.58M446.76K+8.70%1.57B
AMUNDI5.46M690.90K+14.48%1.54B
VANGUARD FIDUCIARY TRUST CO5.28M14.08K+0.27%1.48B
WELLS FARGO & COMPANY/MN5.27M743.69K+16.42%1.48B
SUSQUEHANNA INTERNATIONAL GROUP, LLP4.94M2.00M+67.95%1.39B

Earnings and financials

International Business Machines Corporation (IBM) trades at $250.01, with a market cap of $236.29B and a trailing P/E of 21.31. Revenue below is the annual history on file. It describes what the business has already reported. It is not a forecast and it is not a recommendation.

Financials

2016201720182019202020212022202320242025
79920000000791390000007959100000057714000000551790000005735100000060530000000618600000006275300000067536000000

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International Business Machines (IBM) Financials: Revenue & Earnings

IBM$250.01-0.24 -0.10%

$236.29B

Market Cap

21.31

P/E

20.16

Forward P/E

48

Score

Price History