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International Business Machines

IBM

IBM is a global technology leader focused on the intersection of business insight and technological innovation, primarily through its hybrid cloud and artificial intelligence (AI) platforms.

Market cap
$283.89B+4.6%
Revenue$68.9B+9.7%
Net income$10.8B+96.5%
Free cash flow$12.9B+2.5%
EPS (diluted)$11.33+94.3%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 22, 2026 (In 1 week)
Revenue estimate$17.8B
EPS estimate$3.02

Financials

Q1 2026

Income statement

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Revenue$15.9B+9.5%
Gross profit$8.9B+11.4%
Net income$1.2B+15.3%
EPS (diluted)$1.28+14.3%

Balance sheet

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Cash & equivalents$10.9B-2.7%
Total debt$77.4B+4.9%
Total equity$33.0B+22.7%
Total assets$156.23B+7.3%

Cash flow

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Operating cash flow$5.2B+18.3%
CapEx$232.0M-4.9%
Free cash flow$4.9B+19.7%

Valuation & ratios

Valuation

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Market cap$287.73B+4.6%
Enterprise value$354.22B+4.3%
P/E26.8×-20.4×
P/S4.2×-0.1×

Profitability

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Gross margin58.4%+1.3pp
Net margin15.6%+6.9pp
FCF margin18.7%-1.3pp

Returns & leverage

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Return on equity35.9%+14.1pp
Debt / equity2.3×-0.4×
Current ratio0.8×-0.2×

Segments

By segment

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Software$7.1B+11.3%
Consulting$5.3B+4.0%
Infrastructure$3.3B+15.2%

By geography

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Americas$7.9B+9.1%
Europe/Middle East/Africa$5.2B+15.2%
Asia Pacific$2.8B+1.1%

Competitors

Profile

IBM is a global technology leader focused on the intersection of business insight and technological innovation, primarily through its hybrid cloud and artificial intelligence (AI) platforms. The company helps enterprise clients modernize applications, reimagine workflows, and drive digital transformation by integrating software, consulting, and mission-critical infrastructure. IBM leverages its extensive research capabilities and industry expertise to deliver end-to-end business outcomes in a highly competitive global market.

Competitive position

IBM is a leading provider of hybrid cloud and AI solutions, differentiating itself through deep industry incumbency, a massive patent portfolio, and a unique integration of consulting and proprietary technology.

GeographiesGlobal, North America, Europe, Asia-Pacific
Customer segmentsFortune 500, Government, Financial Services, Global Enterprises
Business modelB2B, Subscription SaaS, Professional Services, Hardware Sales, Financial Services
SuppliersSemiconductor manufacturers, Original Device Manufacturers (ODMs), Software developers, Specialized talent and researchers
CustomersGlobal 2000 companies, Public sector organizations, Financial institutions, Healthcare providers
Listed1949
Employees282.2K
CEOArvind Krishna
Websiteibm.com
FilingsSEC EDGAR

Questions, answered.

What is International Business Machines's market cap?
International Business Machines (IBM) has a market capitalization of $287.73B and trades on NYSE.
What is International Business Machines's revenue and profitability?
International Business Machines generated $68.9B in trailing twelve-month revenue with net income of $10.8B, representing a net margin of 15.6%. Gross margin stands at 58.4%, with free cash flow of $12.9B. These figures are based on the Q1 2026 filing.
Who are International Business Machines's competitors?
International Business Machines's key competitors include Accenture, Dell Technologies, Microsoft, and others. These companies compete in similar markets and product categories.
Who does International Business Machines partner with?
International Business Machines's notable partners include Adobe, Amazon Web Services (AWS), Microsoft, and others.
What subsidiaries does International Business Machines have?
International Business Machines's subsidiaries include Red Hat.
Where is International Business Machines headquartered?
International Business Machines is headquartered in United States of America and employs approximately 282,200 people. It has been publicly traded since 1949.