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International Business Machines Corporation
IBM · NYSE
trade.xyz perp price (HIP-3, Hyperliquid), not the security's own quote. Updated 2026-08-18 09:05:02 UTC.
Key figures
Profile
| Sector | Technology |
| Country | United States |
| Employees | 264,300 |
Leadership
- Mr. Arvind Krishna — CEO, President & Chairman
- Mr. James J. Kavanaugh — CFO and Senior VP of Finance & Operations
- Ms. Anne E. Robinson — Senior VP & Chief Legal Officer
- Mr. Robert D. Thomas — Senior VP of IBM Software & Chief Commercial Officer
- Mr. Gary D. Cohn — Executive Vice Chairman
Description
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. The Financing segment offers client and commercial financing, and facilitates IBM clients' acquisition of hardware, software, and services. It operates a data streaming platform. The company 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. It also 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; strategic partnership with three.ws to advance ai-powered 3d agent technology; and collaboration with Lightwell to help strengthen open source software supply chain. Additionally, it offers operational resilience, logistics, and future-ready technology to the UK Ministry of Defence through Team ORION. The company has a strategic partnership with OpenAI. The company was formerly known as Computing-Tabulating-Recording Co. and changed its name to International Business Machines Corporation in 1924. International Business Machines Corporation was incorporated in 1911 and is headquartered in Armonk, New York.
Issuer profile: yahoo finance (yfinance). Board price: TradFi screener. Market cap, P/E and the 52-week range: stockanalysis.com, re-read daily.
Issuer financials
What the company reports, next to what the desk trades. Statements come from Yahoo Finance and are printed in the currency the issuer reports in.
Statements are in USD, the currency this issuer reports in. The perp price at the top of this page is a USDC quote on trade.xyz: the same unit, a different thing.
From revenue to profit
The income statement for the latest quarterly period, ending 2026-06-30. This is not a split by product or by region: the source publishes no segment or geography breakdown, and neither does this page.
| Period ending | Revenue | Cost of revenue | Gross profit | R&D | Selling and admin | Operating income | Net income |
|---|---|---|---|---|---|---|---|
| 2026-06-30 | $17.2B | $7.3B | $9.9B | $2.3B | $4.5B | $2.8B | $2.2B |
| 2026-03-31 | $15.9B | $7.0B | $8.9B | $2.2B | $4.4B | $2.2B | $1.2B |
| 2025-12-31 | $19.7B | $7.8B | $11.9B | $2.2B | $4.8B | $4.8B | $5.6B |
| 2025-09-30 | $16.3B | $7.0B | $9.4B | $2.1B | $4.4B | $2.8B | $1.7B |
| 2025-06-30 | $17.0B | $7.0B | $10.0B | $2.1B | $4.7B | $3.1B | $2.2B |
The income statement for the latest annual period, ending 2025-12-31. This is not a split by product or by region: the source publishes no segment or geography breakdown, and neither does this page.
| Period ending | Revenue | Cost of revenue | Gross profit | R&D | Selling and admin | Operating income | Net income |
|---|---|---|---|---|---|---|---|
| 2025-12-31 | $67.5B | $28.2B | $39.3B | $8.3B | $18.1B | $12.5B | $10.6B |
| 2024-12-31 | $62.8B | $27.2B | $35.6B | $7.5B | $17.9B | $10.1B | $6.0B |
| 2023-12-31 | $61.9B | $27.6B | $34.3B | $6.8B | $19.0B | $9.4B | $7.5B |
| 2022-12-31 | $60.5B | $27.8B | $32.7B | $6.6B | $18.6B | $8.2B | $1.6B |
Balance sheet
Assets, liabilities and equity at the end of each period. Click a name in the legend to drop that line.
| Period ending | Assets | Liabilities | Equity |
|---|---|---|---|
| 2026-06-30 | $152.1B | $117.6B | $34.5B |
| 2026-03-31 | $156.2B | $123.2B | $33.1B |
| 2025-12-31 | $151.9B | $119.1B | $32.7B |
| 2025-09-30 | $146.3B | $118.3B | $28.0B |
| 2025-06-30 | $148.6B | $121.0B | $27.6B |
| Period ending | Assets | Liabilities | Equity |
|---|---|---|---|
| 2025-12-31 | $151.9B | $119.1B | $32.7B |
| 2024-12-31 | $137.2B | $109.8B | $27.4B |
| 2023-12-31 | $135.2B | $112.6B | $22.6B |
| 2022-12-31 | $127.2B | $105.2B | $22.0B |
Cash flow
Cash the business produced and where it went. Capital spending is negative because it leaves.
| Period ending | Operating | Free | Capital spending | Net change in cash |
|---|---|---|---|---|
| 2026-06-30 | $2.6B | $2.2B | −$383.0M | −$3.6B |
| 2026-03-31 | $5.2B | $4.8B | −$391.0M | −$2.6B |
| 2025-12-31 | $4.0B | $3.5B | −$553.0M | $2.1B |
| 2025-09-30 | $3.1B | $2.7B | −$417.0M | −$368.0M |
| 2025-06-30 | $1.7B | $1.3B | −$373.0M | $545.0M |
| Period ending | Operating | Free | Capital spending | Net change in cash |
|---|---|---|---|---|
| 2025-12-31 | $13.2B | $11.5B | −$1.7B | −$938.0M |
| 2024-12-31 | $13.4B | $11.8B | −$1.7B | $1.4B |
| 2023-12-31 | $13.9B | $12.1B | −$1.8B | $5.1B |
| 2022-12-31 | $10.4B | $8.5B | −$2.0B | $1.3B |
Margins
Margin per period is computed here from two published lines: gross profit over revenue, operating income over revenue, net income over revenue. The source publishes only trailing twelve-month ratios, which are in the table below. A period with no revenue gets no point.
| Period ending | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| 2026-06-30 | 57.7% | 16.6% | 12.6% |
| 2026-03-31 | 56.2% | 13.9% | 7.6% |
| 2025-12-31 | 60.6% | 24.6% | 28.4% |
| 2025-09-30 | 57.3% | 17.1% | 10.7% |
| 2025-06-30 | 58.8% | 18.2% | 12.9% |
| Period ending | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| 2025-12-31 | 58.2% | 18.5% | 15.7% |
| 2024-12-31 | 56.7% | 16.1% | 9.6% |
| 2023-12-31 | 55.4% | 15.2% | 12.1% |
| 2022-12-31 | 54.0% | 13.5% | 2.7% |
Trailing ratios
Trailing twelve months, as the source states them. Not per period and not comparable with the chart above.
| Measure | Value |
|---|---|
| Gross margin | 58.10% |
| Operating margin | 16.55% |
| EBITDA margin | 23.84% |
| Net margin | 15.52% |
| Return on assets | 5.30% |
| Return on equity | 34.46% |
| Revenue growth | 1.10% |
| Earnings growth | −1.80% |
| Debt to equity | 188.97% |
| Current ratio | 0.79 |
| Quick ratio | 0.61 |
| Cash | $8.1B |
| Debt | $65.3B |
| Revenue | $69.1B |
| EBITDA | $16.5B |
| Operating cash flow | $14.9B |
| Free cash flow | $12.0B |
Analyst recommendations
Counts as the source publishes them, for the month shown. Ratings are the analysts' own, not the desk's, and the desk does not weight them.
Average score is the source's own scale: 1 is strong buy, 5 is strong sell.
| Month | Strong buy | Buy | Hold | Sell | Strong sell | Total |
|---|---|---|---|---|---|---|
| this month | 3 | 11 | 9 | 1 | 1 | 25 |
| 1 month ago | 3 | 11 | 9 | 1 | 1 | 25 |
| 2 months ago | 3 | 12 | 7 | 0 | 1 | 23 |
| 3 months ago | 1 | 11 | 7 | 0 | 2 | 21 |
Analyst price targets
Where the analysts polled above see the price of the security going. Their numbers, not the desk's, and the desk neither weights them nor trades them.
| Measure | As published |
|---|---|
| Average | $244.16 |
| Median | $239.60 |
| Lowest | $174.00 |
| Highest | $350.00 |
Targets are in USD, the currency the security is quoted in. That is the source's own answer, not a guess from the ticker's country: the price the source prints beside the targets matches the quote, and that is what fixes their base. Targets and the perp price are both in dollars, so there is nothing to convert.
Next earnings
| Measure | Value |
|---|---|
| Date | 2026-10-21 |
| EPS estimate | $2.89 |
| EPS range | $2.78 … $3.12 |
| Revenue estimate | $16.8B |
The date is confirmed by the source, not estimated. Date read from yahoo finance (cli). The two transports disagree by a day on purpose: one answers in exchange-local time, the other in UTC, so the date and its flag always travel together from the same answer.
Statements read 2026-08-13. Source: yahoo finance (yfinance).