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IBM Cloud, Data & AI Software Enterprise AI and hybrid cloud Open in compare

IBM

IBM targets enterprise AI adoption through watsonx, consulting, Red Hat, and hybrid cloud infrastructure.

Price $231.29 Live
1D Change -1.22% 1 day
Market Cap $217.91B Live
Enterprise Value $277.80B Current
Trailing P/E 20.6 TTM
Forward P/E 17.6 Forward
PEG Ratio 2.16x Yahoo est.
Price / Sales 3.2 TTM
EV / Revenue 4.0 TTM
Revenue Growth 1.1% YoY latest qtr
Earnings Growth -1.8% YoY latest qtr
Gross Margin 58.1% TTM
Operating Margin 16.5% TTM
Net Margin 15.5% TTM
ROE 34.5% TTM
Free Cash Flow $12.05B TTM
FCF Margin 17.4% TTM
Debt / Equity 1.89x Latest qtr
Current Ratio 0.79x Latest qtr
Dividend Yield 2.92% Annualized
Next Earnings Oct 21, 2026 Calendar

Metric timing

This page mixes live market data, trailing fundamentals, and latest reported statement data.

Live / market snapshot

Price, 1D change, market cap, and enterprise value are current market-based figures.

TTM / forward

Most valuation and margin cards are trailing twelve months, while forward P/E uses forward consensus.

Latest quarter / dividend cadence

Balance-sheet ratios use the latest reported quarter. Dividend cadence is inferred from recent payout history.

Revenue $67.54B Dec 31, 2025

latest annual revenue

Revenue $17.16B Jun 30, 2026

latest quarterly revenue

Net Income $10.59B Dec 31, 2025

latest annual profit

Net Income $2.17B Jun 30, 2026

latest quarterly profit

Dividend / Share $6.76 Quarterly

annualized per share

Last Dividend $1.69 Aug 10, 2026

latest ex-dividend cash amount

Price chart

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Why it could benefit going forward

  • IBM targets enterprise AI adoption through watsonx, consulting, Red Hat, and hybrid cloud infrastructure.
  • Its regulated-industry footprint can matter as AI moves into production systems.
  • Consulting and software can help customers operationalize AI rather than just experiment.

Moat / edge

  • Large enterprise and government relationships.
  • Red Hat hybrid cloud platform.
  • Deep services bench for complex AI deployments.

What to watch

  • Software growth and consulting backlog.
  • watsonx adoption in regulated industries.
  • Free cash flow durability.

Key risks

  • Growth profile is slower than most AI-native software names.
  • Services demand can be cyclical.

Business snapshot

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers hybrid cloud and AI platforms that allow clients to realize their digital and AI transformations across the applications, data, and environments in which they operate. The Consulting segment delivers strategy and technology services and intelligent operations, providing business transformation, technology implementation, managed services, application modernization, and AI-powered solutions. The Infrastructure segment provides on-premises and cloud-based server, and storage solutions, as well as life-cycle services for hybrid cloud infrastructure deployment. The Financing segment offers client and commercial financing, and facilitates IBM clients' acquisition of hardware, software, and services. It operates a data streaming platform. The company has strategic partnerships with various companies, including hyperscalers, service providers, global system integrators, and software and hardware vendors that include Adobe, Amazon Web Services, Microsoft, Oracle, Salesforce, Samsung Electronics and SAP, and others. It also has a strategic collaboration with Arm Holdings plc for the development of new dual-architecture hardware that helps enterprises run future AI and data intensive workloads; strategic partnership with three.ws to advance ai-powered 3d agent technology; and collaboration with Lightwell to help strengthen open source software supply chain. Additionally, it offers operational resilience, logistics, and future-ready technology to the UK Ministry of Defence through Team ORION. The company was formerly known as Computing-Tabulating-Recording Co. and changed its name to International Business Machines Corporation in 1924. International Business Machines Corporation was incorporated in 1911 and is headquartered in Armonk, New York.