Revenue
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
International Business Machines Corp (IBM)
Price$234.89Cached quote
Net income
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Free cash flow
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Total cash / debt
CashTotal debt
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Financial statements
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $67.53B | $62.75B | $61.86B | $60.53B | $57.35B | $55.18B | $57.71B | $79.59B | $79.14B | $79.92B | $81.74B | $92.79B | $98.37B | $102.87B | $106.92B | $99.87B | $95.76B | $103.63B | $98.79B |
| Gross profit | $39.30B | $35.55B | $34.30B | $32.69B | $31.49B | $30.86B | $31.53B | $36.94B | $36.94B | $38.52B | $40.68B | $46.41B | $48.68B | $50.36B | $50.14B | $46.01B | $43.78B | $45.66B | $41.73B |
| Gross margin | 58.19% | 56.65% | 55.45% | 54.00% | 54.90% | 55.94% | 54.64% | 46.41% | 46.68% | 48.19% | 49.77% | 50.01% | 49.49% | 48.95% | 46.89% | 46.07% | 45.72% | 44.06% | 42.24% |
| Research & development | $8.32B | $7.48B | $6.78B | $6.57B | $6.49B | $6.26B | $5.91B | $5.38B | $5.59B | $5.73B | $5.25B | $5.44B | $5.74B | $5.82B | $6.26B | $6.03B | $5.82B | $6.34B | $6.15B |
| Operating expenses | $26.80B | $25.48B | $24.92B | $24.51B | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Operating income | $12.49B | $10.07B | $9.38B | $8.17B | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Operating margin | 18.50% | 16.05% | 15.17% | 13.50% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | $17.28B | $12.18B | $14.69B | $7.17B | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA margin | 25.59% | 19.40% | 23.75% | 11.85% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | $10.59B | $6.02B | $7.50B | $1.64B | $5.74B | $5.59B | $9.43B | $8.73B | $5.75B | $11.87B | $13.19B | $12.02B | $16.48B | $16.60B | $15.86B | $14.83B | $13.43B | $12.33B | $10.42B |
| Net profit margin | 15.69% | 9.60% | 12.13% | 2.71% | 10.01% | 10.13% | 16.34% | 10.97% | 7.27% | 14.86% | 16.14% | 12.96% | 16.76% | 16.14% | 14.83% | 14.85% | 14.02% | 11.90% | 10.55% |
| Basic EPSper basic share | $11.36 | $6.53 | $8.23 | $1.82 | $6.41 | $6.28 | $10.63 | $9.57 | $6.17 | $12.43 | $13.48 | $11.97 | $15.06 | $14.53 | $13.25 | $11.69 | $10.12 | $9.02 | $7.27 |
| Diluted EPSper diluted share | $11.17 | $6.43 | $8.14 | $1.80 | $6.35 | $6.23 | $10.56 | $9.52 | $6.14 | $12.38 | $13.42 | $11.90 | $14.94 | $14.37 | $13.06 | $11.52 | $10.01 | $8.89 | $7.15 |
Insider buys & sells
| Transaction | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| Feb 25, 2026Form 4 | Miebach MichaelDirector | BuyCommon Stock | 434 | $233.33 | $101.3K | 434 |
| Feb 25, 2026Form 4 | HOWARD MICHELLE JDirector | BuyCommon Stock | 50 | $237.83 | $11.9K | 194 |
| Jan 30, 2026Form 4 | FARR DAVID NDirector | BuyCommon Stock | 1.0K | $304.00 | $304.0K | 9.3K |
| Mar 3, 2025Form 4 | Thomas Robert DavidSenior Vice President | SellCommon Stock | 26.5K | $253.01 | $6.72M | 45.0K |
| Feb 28, 2025Form 4 | FARR DAVID NDirector | BuyCommon Stock | 1.2K | $249.00 | $298.8K | 8.3K |
Community posts
IBM and Lockheed Martin establish a Swiss quantum-computing hub
IBM ($IBM) and Lockheed Martin ($LMT) established a quantum-innovation hub at ETH Zurich through an offset agreement with Switzerland’s defense-procurement agency, armasuisse. The hub plans to host Switzerland’s first IBM Quantum System Two ...