International Business Machines Corporation (IBM) Stock

About International Business Machines Corporation

International Business Machines Corporation is led by CEO Arvind Krishna, employs 270,300 people, headquartered in Armonk, US, publicly traded since 1915.

International Business Machines Corporation (IBM) stock trades at $253.56 with a market capitalization of $239.64B. The stock is valued at a price-to-earnings (P/E) ratio of 19.70, price-to-book of 6.15, price-to-sales of 3.07. Over the past 52 weeks the stock has ranged between $199.19 and $332.46, and currently trades 23.7% below its 52-week high. It pays a dividend yielding 3.00%.

On profitability, International Business Machines Corporation generates a return on equity (ROE) of 33.52%, above the typical market range of roughly 12-15%, return on capital employed of 10.62%, an operating margin of 16.36%, a net profit margin of 15.52%.

In its most recent fiscal year, International Business Machines Corporation reported annual revenue of $67.5B, net profit of $10.6B. Over the last 5 fiscal years, revenue grew at an average annual rate of 4.1%, and net profit grew at an average annual rate of 13.6%. Over that span net profit grew faster than revenue, so net margin widened.

The balance sheet shows a debt-to-equity ratio of 1.89, a current ratio of 0.80, total assets of $151.9B, $13.6B in cash and equivalents.

IBM has an average daily trading volume of 7,929,203 shares, a beta of 0.71 (historically less volatile than the overall market).

International Business Machines Corporation by the numbers, 2016–2025

Between 2016 and 2025 International Business Machines Corporation reported revenue of $79.9B rising to $67.5B, a change of -15.5% across 10 years. Compounded, revenue has grown 4.1% a year over five years, 3.7% over three, 7.6% over the last twelve months. Net profit fell to $10.6B.

Operating margin went from 18.4% in 2016 to 18.5% in 2025, essentially unchanged. The most recent net margin is 15.52%. On a trailing twelve-month basis to Jun '26, revenue is $69.1B and net profit $10.7B.

Borrowings rose from $42.2B to $67.2B, cash on hand is $11.8B, cash from operations was $13.2B in the latest year, positive in 10 of the last 10.

Return on equity has averaged 25.1% over five years, and was 32.5% in the most recent year.

The share price itself has compounded at 21.4% a year over five years, 33.8% over three, 5.0% over the last year. Past price movement is history, not a forecast.

Figures are as reported and in the company's own reporting currency. They describe what has already happened and carry no implication about what follows.

International Business Machines Corporation (IBM) — frequently asked questions