# International Business Machines (IBM)

**Exchange:** NYSE  
**Sector:** Technology  
**Market cap:** $258.38B  
**Price:** $272.36 (-1.85%)

> International Business Machines Corporation is a leading technology company specializing in enterprise solutions and services. It provides hybrid cloud platforms, artificial intelligence systems, and advanced computing technologies that enable businesses to modernize infrastructure and drive digital transformation. The company offers software solutions for automation, security, data analytics, and Watson AI capabilities, alongside consulting services through its Global Business Services segment, which includes system integration, application management, maintenance, and support. International Business Machines Corporation serves industries such as finance, healthcare, government, and manufacturing, helping organizations manage complex workloads across on-premises, cloud, and edge environments. Its portfolio also encompasses Red Hat open-source technologies for hybrid cloud management and quantum computing initiatives for next-generation problem-solving. Founded in 1911 and headquartered in Armonk, New York, International Business Machines Corporation plays a pivotal role in the global information technology services sector, focusing on scalable, secure, and innovative enterprise technologies.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $67.53B | $39.30B | — | $10.59B | $11.17 |
| 2024 | $62.75B | $35.55B | — | $6.02B | $6.43 |
| 2023 | $61.86B | $34.30B | — | $7.50B | $8.14 |
| 2022 | $60.53B | $32.69B | — | $1.64B | $1.80 |
| 2021 | $57.35B | $31.49B | — | $5.74B | $6.35 |
| 2020 | $55.18B | $30.86B | — | $5.59B | $6.23 |
| 2019 | $57.71B | $31.53B | — | $9.43B | $10.56 |
| 2018 | $79.59B | $36.94B | — | $8.73B | $9.52 |
| 2017 | $79.14B | $36.94B | — | $5.75B | $6.14 |
| 2016 | $79.92B | $38.52B | — | $11.87B | $12.38 |
| 2015 | $81.74B | $40.68B | — | $13.19B | $13.42 |
| 2014 | $92.79B | $46.41B | — | — | $11.90 |
| 2013 | $98.37B | $48.68B | — | — | $14.94 |
| 2012 | $102.87B | $50.36B | — | — | $14.37 |
| 2011 | $106.92B | $50.14B | — | — | $13.06 |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $151.88B | $119.14B | $32.65B | $13.59B | $54.84B |
| 2024 | $137.18B | $109.78B | $27.31B | $13.95B | $49.88B |
| 2023 | $135.24B | $112.63B | $22.53B | $13.07B | $50.12B |
| 2022 | $127.24B | $105.22B | $21.94B | $7.89B | $46.19B |
| 2021 | $132.00B | $113.00B | $18.90B | $6.65B | $44.92B |
| 2020 | $155.97B | $135.24B | $20.60B | $13.19B | $54.22B |
| 2019 | $152.19B | $131.20B | $20.84B | $8.17B | $54.10B |
| 2018 | $123.38B | $106.45B | $16.80B | $11.38B | $42.66B |
| 2017 | $125.36B | $107.63B | $17.59B | $11.97B | $45.05B |
| 2016 | $117.47B | $99.08B | $18.25B | $7.83B | $40.89B |
| 2015 | $110.50B | $96.07B | $14.26B | $7.69B | $38.70B |
| 2014 | $117.27B | $105.26B | $11.87B | $8.48B | $39.59B |
| 2013 | $125.64B | $103.29B | $22.79B | $10.72B | $36.71B |
| 2012 | $119.21B | $100.23B | $18.86B | $10.41B | $29.68B |
| 2011 | $116.43B | $96.20B | $20.14B | $11.92B | $27.16B |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $13.19B | $1.09B | $12.10B |
| 2024 | $13.45B | $1.05B | $12.40B |
| 2023 | $13.93B | $1.25B | $12.69B |
| 2022 | $10.44B | $1.35B | $9.09B |
| 2021 | $12.80B | $2.06B | $10.73B |
| 2020 | $18.20B | $2.62B | $15.58B |
| 2019 | $14.77B | $2.29B | $12.48B |
| 2018 | $15.25B | $3.40B | $11.85B |
| 2017 | $16.72B | $3.23B | $13.49B |
| 2016 | $17.08B | $3.57B | $13.52B |
| 2015 | $17.25B | $3.58B | $13.68B |
| 2014 | $16.87B | $3.74B | $13.13B |
| 2010 | $19.55B | $4.18B | $15.36B |
| 2009 | $20.77B | $3.45B | $17.33B |
| 2008 | $18.81B | $4.17B | $14.64B |

Source: [CompaniesByCap](https://companiesbycap.com/company/IBM)