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IBM

IBM

Information TechnologyIndustrial MachineryS&P 500
Ticker IBMARMONK, NYFiscal year ends DecemberBook value per share $37.29Diluted shares 953.0M

International Business Machines Corporation (NYSE: IBM) provides technology products and services that help business and government clients use hybrid cloud and artificial intelligence, modernize applications, and redesign workflows. Its offerings include software, consulting, mission-critical infrastructure, and… From the company’s description.

In fiscal 2025, IBM reported revenue of $67.53B, up 7.6% from fiscal 2024, and net income of $10.59B. Its operating margin was 18.2%, and operations generated $13.19B in cash. Over the twelve months to Sep 30, 2026, revenue was $69.87B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$67.53BFY2025
+7.6% year over year
Last 12 mo $69.87B
18.16%FY2025
+6.2 percentage points
Last 12 mo 17.80%
$10.59BFY2025
+75.9% year over year
Last 12 mo $11.17B
32.45%FY2025
+10.4 percentage points
Last 12 mo 31.43%
Cash & financing
$13.19BFY2025
−1.9% year over year
Last 12 mo $15.83B
$11.46BFY2025
−2.6% year over year
Last 12 mo $14.02B
1.88FY2025
Was 2.01× a year earlier
Last 12 mo 1.80
948.7MFY2025
+1.2% year over year
Last 12 mo 953.0M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What IBM does

In the company’s own words

International Business Machines Corporation (NYSE: IBM) provides technology products and services that help business and government clients use hybrid cloud and artificial intelligence, modernize applications, and redesign workflows. Its offerings include software, consulting, mission-critical infrastructure, and financing, supported by research and partnerships with technology and services companies. IBM reports four business segments: Software, which provides hybrid cloud and AI platforms and related offerings; Consulting, which delivers strategy, design, technology, and operations services; Infrastructure, which supplies on-premises and cloud-based servers, storage, and related lifecycle services; and Financing, which helps clients and commercial customers acquire IBM hardware, software, and services. Its customers range from small and medium-sized businesses to large enterprises and governments across industries. In fiscal 2025, IBM’s facilities for current use totaled approximately 39 million square feet worldwide. The company’s history dates to 1911, when it was incorporated as the Computing-Tabulating-Recording Co. and later adopted the IBM name.

Company details
Sector
Information Technology
Industry (SIC)
Industrial Machinery
Headquarters
ARMONK, NY
Fiscal year end
December
CIK
51143
SIC
3570

Financial performance, year by year

Fiscal 2013–2025 · USD
$-9.98B$19.95B$49.88B$79.80B$109.73B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns IBM — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

1.1K
funds hold it
0 of 35
superinvestors hold it
$65.92B
held by funds, at market
25.6%
of shares held by funds
63
bond issues held by funds

Largest fund holders · IBM’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.37%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.41%of fund net assets
iShares Core S&P 500 ETF
IVV · iShares Trust
0.41%of fund net assets
Fidelity 500 Index Fund
FXAIX · Fidelity Concord Street Trust
0.43%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

IBM’s bonds, as funds hold them

Funds report holding 63 issues of IBM’s debt, $4.06B at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.22%, maturing 2026 to 2096.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do IBM and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of IBM's earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in IBM's last four quarterly filings that the numbers alone won't show?”
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