IBM (IBM) Financial History
Review IBM annual and quarterly financial results, key ratios, insider transactions and SEC filing history in one chronological view. Data available from FY2007 through FY2025.
Financials
19 fiscal years, FY2007 to FY2025
Insider trades
371 trades
Risk factor changes
6 changes in the latest 10-K
Filings
Annual and quarterly reports
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IBM Financial Statements
History since FY2007. Annual, in US dollars. Source: 10-K XBRL data.
IBM Revenue and Growth
Compare reported revenue and year-over-year revenue growth across available fiscal years.
IBM Income Statements
Review revenue, gross profit, operating income, net income and earnings per share.
IBM Balance Sheets
Review reported debt and book-value-based ratios where company data is available.
IBM Cash Flow Statements
Compare reported free cash flow across the available fiscal history.
IBM Financial Ratios
Compare net margin, price-to-earnings and price-to-book ratios by fiscal year.
| Fiscal year | FY2007 🔒 | FY2008 🔒 | FY2009 🔒 | FY2010 🔒 | FY2011 🔒 | FY2012 🔒 | FY2013 🔒 | FY2014 🔒 | FY2015 🔒 | FY2016 🔒 | FY2017 🔒 | FY2018 🔒 | FY2019 🔒 | FY2020 🔒 | FY2021 | FY20221 new risk factors | FY202310 new risk factors | FY20244 new risk factorsInsiders net sold $2.4M | FY20250 new risk factorsInsiders net sold $6.4M |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | $57.4B | $60.5B | $61.9B | $62.8B | $67.5B |
| Revenue growth | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | — | +5.5% | +2.2% | +1.4% | +7.6% |
| Gross profit | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | $31.5B | $32.7B | $34.3B | $35.6B | $39.3B |
| Operating income | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | — | — | — | — | — |
| Net income | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | $5.7B | $1.6B | $7.5B | $6.0B | $10.6B |
| Debt | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | $58.5B | $55.7B | $63.0B | $60.0B | $67.7B |
| Free cash flow | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | $10.7B | $9.1B | $12.7B | $12.4B | $12.1B |
| Net margin | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | 10.0% | 2.7% | 12.1% | 9.6% | 15.7% |
| EPS (diluted) | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | $6.35 | $1.80 | $8.14 | $6.43 | $11.17 |
| P/E ratio | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | 21.0× | 78.3× | 20.1× | 34.2× | 26.5× |
| P/B ratio | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | 6.3× | 5.8× | 6.6× | 7.5× | 8.5× |
Daily closing prices, aggregated by calendar year.
| Year | 2000 🔒 | 2001 🔒 | 2002 🔒 | 2003 🔒 | 2004 🔒 | 2005 🔒 | 2006 🔒 | 2007 🔒 | 2008 🔒 | 2009 🔒 | 2010 🔒 | 2011 🔒 | 2012 🔒 | 2013 🔒 | 2014 🔒 | 2015 🔒 | 2016 🔒 | 2017 🔒 | 2018 🔒 | 2019 🔒 | 2020 🔒 | 2021 🔒 | 2022 | 2023 | 2024 | 2025 | 2026 (YTD) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Open | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | $134.21 | $141.32 | $162.91 | $222.11 | $297.29 |
| Close | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | $140.88 | $163.58 | $219.86 | $296.19 | $247.13 |
| High | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | $153.18 | $166.28 | $239.30 | $324.89 | $332.40 |
| Low | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | $115.55 | $120.56 | $157.94 | $214.61 | $199.20 |
| Annual return | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | +5.4% | +16.1% | +34.4% | +34.7% | -16.6% |
IBM Insider Transactions
From Form 4 filings. Showing the latest 5 of 371 trades.
| Traded | Filed | Insider | Type | Shares | Value | % of holdings |
|---|---|---|---|---|---|---|
| 2026-09-30 | 2026-10-01 | Ramon Laguarta Director | Grant or award | 415 | $91K | — |
| 2026-09-30 | 2026-10-01 | Alex Gorsky Director | Grant or award | 489 | $108K | — |
| 2026-09-30 | 2026-10-01 | Michelle Howard Director | Grant or award | 291 | $64K | — |
| 2026-09-30 | 2026-10-01 | Andrew Liveris Director | Grant or award | 444 | $98K | — |
| 2026-09-30 | 2026-10-01 | Frederick William McNabb III Director | Grant or award | 415 | $91K | — |
IBM Risk Factor Changes
Latest 10-K compared with the year before. 6 changes found.
cybersecurity risk across a range of functions, such measures can never eliminate the risk entirely or provide absolute security.
Cybersecurity attacks or other catastrophic events resulting in disruptions to or failures in power, information technology, communication systems or other critical infrastructure could result in interruptions or dela…
Risks Related to Cybersecurity and Data Protection
The Development and Use of AI, including the Company’s Increased AI Solutions and Use of AI Technologies, Could Impact the Long-Term Success of the Company and its Reputation or Give Rise to Legal or Regulatory Action…
key employees receive a total compensation package that includes equity awards.
The Company Depends on Skilled Employees and Could Be Impacted by a Shortage of Critical Skills: Much of the future success of the company depends on the continued service, availability and integrity of skilled employ…
IBM SEC Filings
Latest annual and quarterly reports, current reports, proxy statements and ownership filings.
| Form | Filed | Description | Document |
|---|---|---|---|
| Quarterly report (10-Q) | 2026-10-22 | Quarter ended Sep 30, 2026 | View document |
| Current report (8-K) | 2026-10-21 | Quarterly results | View document |
| Current report (8-K) | 2026-10-01 | Executive change, Bylaws change | View document |
| Current report (8-K) | 2026-08-14 | Form 8-k | View document |
| Registration or offering | 2026-08-11 | Securities offering | View document |
IBM financial metrics by year
IBM in the S&P 500 rankings
- #58 by revenue as of FY2025
- #37 by net income as of FY2025
- #29 by free cash flow as of FY2025
- #97 by diluted earnings per share as of FY2025
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