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International Business Machines

NYSE: IBM · USD

International Business Machines financials

6 charts

Revenue

USD millions

$17,162M
International Business Machines Revenue. Quarterly values and changes versus the preceding comparable period. Missing values are unavailable.
PeriodRevenue
FY 2009 Q2$23,250M; Change unavailable vs FY 2009 Q1
FY 2009 Q3$23,566M; +1.4% vs FY 2009 Q2
FY 2009 Q4$27,230M; +15.5% vs FY 2009 Q3
FY 2010 Q1$22,857M; −16.1% vs FY 2009 Q4
FY 2010 Q2$23,724M; +3.8% vs FY 2010 Q1
FY 2010 Q3$24,271M; +2.3% vs FY 2010 Q2
FY 2010 Q4Unavailable; Change unavailable vs FY 2010 Q3
FY 2011 Q1$24,607M; Change unavailable vs FY 2010 Q4
FY 2011 Q2$26,666M; +8.4% vs FY 2011 Q1
FY 2011 Q3$26,157M; −1.9% vs FY 2011 Q2
FY 2011 Q4Unavailable; Change unavailable vs FY 2011 Q3
FY 2012 Q1$24,673M; Change unavailable vs FY 2011 Q4
FY 2012 Q2$25,783M; +4.5% vs FY 2012 Q1
FY 2012 Q3$24,747M; −4.0% vs FY 2012 Q2
FY 2012 Q4$29,304M; +18.4% vs FY 2012 Q3
FY 2013 Q1$23,408M; −20.1% vs FY 2012 Q4
FY 2013 Q2$24,924M; +6.5% vs FY 2013 Q1
FY 2013 Q3$23,720M; −4.8% vs FY 2013 Q2
FY 2013 Q4$27,699M; +16.8% vs FY 2013 Q3
FY 2014 Q1$22,484M; −18.8% vs FY 2013 Q4
FY 2014 Q2$24,364M; +8.4% vs FY 2014 Q1
FY 2014 Q3$22,397M; −8.1% vs FY 2014 Q2
FY 2014 Q4$24,113M; +7.7% vs FY 2014 Q3
FY 2015 Q1$19,590M; −18.8% vs FY 2014 Q4
FY 2015 Q2$20,813M; +6.2% vs FY 2015 Q1
FY 2015 Q3$19,280M; −7.4% vs FY 2015 Q2
FY 2015 Q4$22,059M; +14.4% vs FY 2015 Q3
FY 2016 Q1$18,684M; −15.3% vs FY 2015 Q4
FY 2016 Q2$20,238M; +8.3% vs FY 2016 Q1
FY 2016 Q3$19,226M; −5.0% vs FY 2016 Q2
FY 2016 Q4$21,770M; +13.2% vs FY 2016 Q3
FY 2017 Q1$18,155M; −16.6% vs FY 2016 Q4
FY 2017 Q2$19,289M; +6.2% vs FY 2017 Q1
FY 2017 Q3$19,153M; −0.7% vs FY 2017 Q2
FY 2017 Q4$22,542M; +17.7% vs FY 2017 Q3
FY 2018 Q1$19,072M; −15.4% vs FY 2017 Q4
FY 2018 Q2$20,003M; +4.9% vs FY 2018 Q1
FY 2018 Q3$18,756M; −6.2% vs FY 2018 Q2
FY 2018 Q4$21,761M; +16.0% vs FY 2018 Q3
FY 2019 Q1$18,182M; −16.4% vs FY 2018 Q4
FY 2019 Q2$19,161M; +5.4% vs FY 2019 Q1
FY 2019 Q3$18,028M; −5.9% vs FY 2019 Q2
FY 2019 Q4$21,630M; +20.0% vs FY 2019 Q3
FY 2020 Q1$17,571M; −18.8% vs FY 2019 Q4
FY 2020 Q2$18,123M; +3.1% vs FY 2020 Q1
FY 2020 Q3$17,560M; −3.1% vs FY 2020 Q2
FY 2020 Q4$20,367M; +16.0% vs FY 2020 Q3
FY 2021 Q1$17,730M; −12.9% vs FY 2020 Q4
FY 2021 Q2$18,745M; +5.7% vs FY 2021 Q1
FY 2021 Q3$17,618M; −6.0% vs FY 2021 Q2
FY 2021 Q4$3,257M; −81.5% vs FY 2021 Q3
FY 2022 Q1$14,197M; +335.9% vs FY 2021 Q4
FY 2022 Q2$15,535M; +9.4% vs FY 2022 Q1
FY 2022 Q3$14,107M; −9.2% vs FY 2022 Q2
FY 2022 Q4$16,690M; +18.3% vs FY 2022 Q3
FY 2023 Q1$14,252M; −14.6% vs FY 2022 Q4
FY 2023 Q2$15,475M; +8.6% vs FY 2023 Q1
FY 2023 Q3$14,752M; −4.7% vs FY 2023 Q2
FY 2023 Q4$17,381M; +17.8% vs FY 2023 Q3
FY 2024 Q1$14,462M; −16.8% vs FY 2023 Q4
FY 2024 Q2$15,770M; +9.0% vs FY 2024 Q1
FY 2024 Q3$14,968M; −5.1% vs FY 2024 Q2
FY 2024 Q4$17,554M; +17.3% vs FY 2024 Q3
FY 2025 Q1$14,541M; −17.2% vs FY 2024 Q4
FY 2025 Q2$16,977M; +16.8% vs FY 2025 Q1
FY 2025 Q3$16,331M; −3.8% vs FY 2025 Q2
FY 2025 Q4$19,686M; +20.5% vs FY 2025 Q3
FY 2026 Q1$15,917M; −19.1% vs FY 2025 Q4
FY 2026 Q2$17,162M; +7.8% vs FY 2026 Q1
Jun 30, 2009 through Sep 25, 2026

Free cash flow

USD millions

$2,368M
International Business Machines Free cash flow. Quarterly values and changes versus the preceding comparable period. Missing values are unavailable.
PeriodFree cash flow
FY 2009 Q2Unavailable; Change unavailable vs FY 2009 Q1
FY 2009 Q3Unavailable; Change unavailable vs FY 2009 Q2
FY 2009 Q4Unavailable; Change unavailable vs FY 2009 Q3
FY 2010 Q1$3,679M; Change unavailable vs FY 2009 Q4
FY 2010 Q2Unavailable; Change unavailable vs FY 2010 Q1
FY 2010 Q3Unavailable; Change unavailable vs FY 2010 Q2
FY 2010 Q4Unavailable; Change unavailable vs FY 2010 Q3
FY 2011 Q1$2,877M; Change unavailable vs FY 2010 Q4
FY 2011 Q2Unavailable; Change unavailable vs FY 2011 Q1
FY 2011 Q3Unavailable; Change unavailable vs FY 2011 Q2
FY 2011 Q4Unavailable; Change unavailable vs FY 2011 Q3
FY 2012 Q1$3,354M; Change unavailable vs FY 2011 Q4
FY 2012 Q2$3,237M; −3.5% vs FY 2012 Q1
FY 2012 Q3$3,567M; +10.2% vs FY 2012 Q2
FY 2012 Q4$5,346M; +49.9% vs FY 2012 Q3
FY 2013 Q1$3,309M; −38.1% vs FY 2012 Q4
FY 2013 Q2$2,314M; −30.1% vs FY 2013 Q1
FY 2013 Q3$2,775M; +19.9% vs FY 2013 Q2
FY 2013 Q4$5,464M; +96.9% vs FY 2013 Q3
FY 2014 Q1$2,477M; −54.7% vs FY 2013 Q4
FY 2014 Q2$2,671M; +7.8% vs FY 2014 Q1
FY 2014 Q3$2,868M; +7.4% vs FY 2014 Q2
FY 2014 Q4$5,112M; +78.2% vs FY 2014 Q3
FY 2015 Q1$2,753M; −46.1% vs FY 2014 Q4
FY 2015 Q2$3,019M; +9.7% vs FY 2015 Q1
FY 2015 Q3$3,287M; +8.9% vs FY 2015 Q2
FY 2015 Q4$4,370M; +32.9% vs FY 2015 Q3
FY 2016 Q1$4,689M; +7.3% vs FY 2015 Q4
FY 2016 Q2$2,688M; −42.7% vs FY 2016 Q1
FY 2016 Q3$3,445M; +28.2% vs FY 2016 Q2
FY 2016 Q4$2,684M; −22.1% vs FY 2016 Q3
FY 2017 Q1$3,215M; +19.8% vs FY 2016 Q4
FY 2017 Q2$2,781M; −13.5% vs FY 2017 Q1
FY 2017 Q3$2,722M; −2.1% vs FY 2017 Q2
FY 2017 Q4$4,777M; +75.5% vs FY 2017 Q3
FY 2018 Q1$3,732M; −21.9% vs FY 2017 Q4
FY 2018 Q2$1,363M; −63.5% vs FY 2018 Q1
FY 2018 Q3$3,420M; +150.9% vs FY 2018 Q2
FY 2018 Q4$3,337M; −2.4% vs FY 2018 Q3
FY 2019 Q1$4,220M; +26.5% vs FY 2018 Q4
FY 2019 Q2$2,358M; −44.1% vs FY 2019 Q1
FY 2019 Q3$3,031M; +28.5% vs FY 2019 Q2
FY 2019 Q4$2,875M; −5.1% vs FY 2019 Q3
FY 2020 Q1$3,846M; +33.8% vs FY 2019 Q4
FY 2020 Q2$2,991M; −22.2% vs FY 2020 Q1
FY 2020 Q3$3,560M; +19.0% vs FY 2020 Q2
FY 2020 Q4$5,182M; +45.6% vs FY 2020 Q3
FY 2021 Q1$4,420M; −14.7% vs FY 2020 Q4
FY 2021 Q2$2,065M; −53.3% vs FY 2021 Q1
FY 2021 Q3$2,155M; +4.4% vs FY 2021 Q2
FY 2021 Q4$2,094M; −2.8% vs FY 2021 Q3
FY 2022 Q1$2,967M; +41.7% vs FY 2021 Q4
FY 2022 Q2$982M; −66.9% vs FY 2022 Q1
FY 2022 Q3$1,584M; +61.3% vs FY 2022 Q2
FY 2022 Q4$3,556M; +124.5% vs FY 2022 Q3
FY 2023 Q1$3,474M; −2.3% vs FY 2022 Q4
FY 2023 Q2$2,274M; −34.5% vs FY 2023 Q1
FY 2023 Q3$2,775M; +22.0% vs FY 2023 Q2
FY 2023 Q4$4,163M; +50.0% vs FY 2023 Q3
FY 2024 Q1$3,929M; −5.6% vs FY 2023 Q4
FY 2024 Q2$1,846M; −53.0% vs FY 2024 Q1
FY 2024 Q3$2,595M; +40.6% vs FY 2024 Q2
FY 2024 Q4$4,027M; +55.2% vs FY 2024 Q3
FY 2025 Q1$4,126M; +2.5% vs FY 2024 Q4
FY 2025 Q2$1,491M; −63.9% vs FY 2025 Q1
FY 2025 Q3$2,827M; +89.6% vs FY 2025 Q2
FY 2025 Q4$3,658M; +29.4% vs FY 2025 Q3
FY 2026 Q1$4,937M; +35.0% vs FY 2025 Q4
FY 2026 Q2$2,368M; −52.0% vs FY 2026 Q1

Net margin

%

12.62%
International Business Machines Net margin. Reported fiscal history.
Fiscal period%
FY 2009 Q213.35%
FY 2009 Q313.64%
FY 2009 Q417.68%
FY 2010 Q111.38%
FY 2010 Q214.27%
FY 2010 Q314.79%
FY 2010 Q4—
FY 2011 Q111.63%
FY 2011 Q213.74%
FY 2011 Q314.68%
FY 2011 Q4—
FY 2012 Q112.43%
FY 2012 Q215.05%
FY 2012 Q315.45%
FY 2012 Q419.91%
FY 2013 Q112.95%
FY 2013 Q212.94%
FY 2013 Q317.04%
FY 2013 Q422.33%
FY 2014 Q110.6%
FY 2014 Q216.98%
FY 2014 Q30.08%
FY 2014 Q422.74%
FY 2015 Q111.88%
FY 2015 Q216.57%
FY 2015 Q315.3%
FY 2015 Q420.23%
FY 2016 Q110.78%
FY 2016 Q212.37%
FY 2016 Q314.84%
FY 2016 Q420.68%
FY 2017 Q19.64%
FY 2017 Q212.08%
FY 2017 Q314.23%
FY 2017 Q4-4.68%
FY 2018 Q18.8%
FY 2018 Q212.02%
FY 2018 Q314.36%
FY 2018 Q48.97%
FY 2019 Q18.75%
FY 2019 Q213.04%
FY 2019 Q39.27%
FY 2019 Q416.97%
FY 2020 Q16.69%
FY 2020 Q27.51%
FY 2020 Q39.67%
FY 2020 Q46.66%
FY 2021 Q15.39%
FY 2021 Q27.07%
FY 2021 Q36.41%
FY 2021 Q471.63%
FY 2022 Q15.16%
FY 2022 Q28.96%
FY 2022 Q3-22.66%
FY 2022 Q416.24%
FY 2023 Q16.5%
FY 2023 Q210.23%
FY 2023 Q311.55%
FY 2023 Q418.92%
FY 2024 Q111.1%
FY 2024 Q211.63%
FY 2024 Q3-2.2%
FY 2024 Q416.6%
FY 2025 Q17.26%
FY 2025 Q212.92%
FY 2025 Q310.68%
FY 2025 Q428.45%
FY 2026 Q17.64%
FY 2026 Q212.62%

P/E

× · TTM · Daily

20.04×
International Business Machines P/E. Monthly closing observations; inspect daily values with the chart arrow keys.
Close date× · TTM · DailyFinancials through
2011-02-2814.05×2010-12-31
2011-03-3114.15×2010-12-31
2011-04-29—2011-03-31
2011-05-31—2011-03-31
2011-06-30—2011-03-31
2011-07-29—2011-03-31
2011-08-31—2011-03-31
2011-09-30—2011-03-31
2011-10-31—2011-03-31
2011-11-30—2011-03-31
2011-12-30—2011-03-31
2012-01-31—2011-03-31
2012-02-2915.06×2011-12-31
2012-03-3015.97×2011-12-31
2012-04-3015.85×2011-12-31
2012-05-3114.77×2011-12-31
2012-06-2914.97×2011-12-31
2012-07-3115×2011-12-31
2012-08-3114.92×2011-12-31
2012-09-2815.88×2011-12-31
2012-10-31—2012-09-30
2012-11-30—2012-09-30
2012-12-31—2012-09-30
2013-01-31—2012-09-30
2013-02-28—2012-09-30
2013-03-28—2012-09-30
2013-04-30—2012-09-30
2013-05-31—2013-03-31
2013-06-28—2013-03-31
2013-07-31—2013-03-31
2013-08-30—2013-06-30
2013-09-30—2013-06-30
2013-10-31—2013-09-30
2013-11-29—2013-09-30
2013-12-31—2013-09-30
2014-01-31—2013-09-30
2014-02-2812.14×2013-12-31
2014-03-3112.62×2013-12-31
2014-04-30—2014-03-31
2014-05-30—2014-03-31
2014-06-30—2014-03-31
2014-07-31—2014-06-30
2014-08-29—2014-06-30
2014-09-30—2014-06-30
2014-10-31—2014-09-30
2014-11-28—2014-09-30
2014-12-31—2014-09-30
2015-01-30—2014-09-30
2015-02-2713.41×2014-12-31
2015-03-3113.29×2014-12-31
2015-04-30—2015-03-31
2015-05-29—2015-03-31
2015-06-30—2015-03-31
2015-07-31—2015-06-30
2015-08-31—2015-06-30
2015-09-30—2015-06-30
2015-10-30—2015-09-30
2015-11-30—2015-09-30
2015-12-31—2015-09-30
2016-01-29—2015-09-30
2016-02-299.66×2015-12-31
2016-03-3111.17×2015-12-31
2016-04-2910.76×2015-12-31
2016-05-3111.34×2015-12-31
2016-06-3011.2×2015-12-31
2016-07-2911.85×2015-12-31
2016-08-3111.72×2015-12-31
2016-09-3011.72×2015-12-31
2016-10-3111.34×2015-12-31
2016-11-3011.97×2015-12-31
2016-12-3012.24×2015-12-31
2017-01-3112.87×2015-12-31
2017-02-2813.26×2015-12-31
2017-03-3113.98×2016-12-31
2017-04-2812.86×2016-12-31
2017-05-3112.25×2016-12-31
2017-06-3012.35×2016-12-31
2017-07-3111.61×2016-12-31
2017-08-3111.48×2016-12-31
2017-09-2911.64×2016-12-31
2017-10-3112.36×2016-12-31
2017-11-3012.71×2017-09-30
2017-12-2912.66×2017-09-30
2018-01-3113.51×2017-09-30
2018-02-2825.16×2017-12-31
2018-03-2924.78×2017-12-31
2018-04-3023.61×2018-03-31
2018-05-3123.01×2018-03-31
2018-06-2922.75×2018-03-31
2018-07-3123.6×2018-03-31
2018-08-3123.4×2018-06-30
2018-09-2824.16×2018-06-30
2018-10-3118.46×2018-09-30
2018-11-3019.87×2018-09-30
2018-12-3118.18×2018-09-30
2019-01-3121.5×2018-09-30
2019-02-2822.09×2018-09-30
2019-03-2922.56×2018-09-30
2019-04-3022.43×2018-09-30
2019-05-3113.14×2019-03-31
2019-06-2814.27×2019-03-31
2019-07-3115.12×2019-06-30
2019-08-3013.82×2019-06-30
2019-09-3014.83×2019-06-30
2019-10-3115.48×2019-09-30
2019-11-2915.57×2019-09-30
2019-12-3115.52×2019-09-30
2020-01-3116.64×2019-09-30
2020-02-2815.07×2019-09-30
2020-03-3112.84×2019-09-30
2020-04-3012.47×2020-03-31
2020-05-2912.4×2020-03-31
2020-06-3011.99×2020-03-31
2020-07-3113.97×2020-06-30
2020-08-3114.01×2020-06-30
2020-09-3013.82×2020-06-30
2020-10-3012.68×2020-09-30
2020-11-3014.02×2020-09-30
2020-12-3114.29×2020-09-30
2021-01-2913.52×2020-09-30
2021-02-2619.13×2020-12-31
2021-03-3121.43×2020-12-31
2021-04-3023.82×2021-03-31
2021-05-2824.14×2021-03-31
2021-06-3024.62×2021-03-31
2021-07-3023.9×2021-06-30
2021-08-3123.79×2021-06-30
2021-09-3023.55×2021-06-30
2021-10-2921.21×2021-06-30
2021-11-3022.26×2021-09-30
2021-12-3125.41×2021-09-30
2022-01-3125.39×2021-09-30
2022-02-2819.34×2021-12-31
2022-03-3120.53×2021-12-31
2022-04-2921.77×2022-03-31
2022-05-3122.86×2022-03-31
2022-06-3023.25×2022-03-31
2022-07-2921.32×2022-06-30
2022-08-3120.94×2022-06-30
2022-09-3019.36×2022-06-30
2022-10-3199.07×2022-09-30
2022-11-30106.67×2022-09-30
2022-12-30100.93×2022-09-30
2023-01-3196.52×2022-09-30
2023-02-2892.63×2022-09-30
2023-03-3175.49×2022-12-31
2023-04-2863.3×2023-03-31
2023-05-3164.39×2023-03-31
2023-06-3067×2023-03-31
2023-07-3165.5×2023-06-30
2023-08-3166.7×2023-06-30
2023-09-2963.73×2023-06-30
2023-10-3165.71×2023-06-30
2023-11-3021.15×2023-09-30
2023-12-2921.82×2023-09-30
2024-01-3124.5×2023-09-30
2024-02-2922.87×2023-12-31
2024-03-2823.6×2023-12-31
2024-04-3020.54×2023-12-31
2024-05-3119.04×2024-03-31
2024-06-2819.74×2024-03-31
2024-07-3121.29×2024-06-30
2024-08-3022.4×2024-06-30
2024-09-3024.5×2024-06-30
2024-10-3129.85×2024-09-30
2024-11-2932.83×2024-09-30
2024-12-3131.74×2024-09-30
2025-01-3136.92×2024-09-30
2025-02-2839.5×2024-12-31
2025-03-3138.9×2024-12-31
2025-04-3041.77×2025-03-31
2025-05-3044.75×2025-03-31
2025-06-3050.92×2025-03-31
2025-07-3141.14×2025-06-30
2025-08-2939.57×2025-06-30
2025-09-3045.86×2025-06-30
2025-10-3136.89×2025-09-30
2025-11-2837.03×2025-09-30
2025-12-3135.55×2025-09-30
2026-01-3036.81×2025-09-30
2026-02-2721.6×2025-12-31
2026-03-3121.79×2025-12-31
2026-04-3020.45×2026-03-31
2026-05-2926.37×2026-03-31
2026-06-3024.9×2026-03-31
2026-07-3119.88×2026-06-30
2026-08-3120.79×2026-06-30
2026-09-2520.04×2026-06-30
Mean 25.15×Median 20.42×2% below median

ROIC

% · Annual / TTM

—
NOPAT is undefined under this method: pretax profit must be positive and the effective tax rate must be between 0 and 100%.
International Business Machines ROIC. Reported fiscal history.
Fiscal period% · Annual / TTM
FY 2009 Q2—
FY 2009 Q3—
FY 2009 Q4—
FY 2010 Q1—
FY 2010 Q2—
FY 2010 Q3—
FY 2010 Q4—
FY 2011 Q1—
FY 2011 Q2—
FY 2011 Q3—
FY 2011 Q4—
FY 2012 Q1—
FY 2012 Q2—
FY 2012 Q3—
FY 2012 Q4—
FY 2013 Q1—
FY 2013 Q2—
FY 2013 Q3—
FY 2013 Q4—
FY 2014 Q1—
FY 2014 Q2—
FY 2014 Q3—
FY 2014 Q4—
FY 2015 Q1—
FY 2015 Q2—
FY 2015 Q3—
FY 2015 Q4—
FY 2016 Q1—
FY 2016 Q2—
FY 2016 Q3—
FY 2016 Q4—
FY 2017 Q1—
FY 2017 Q2—
FY 2017 Q3—
FY 2017 Q4—
FY 2018 Q1—
FY 2018 Q2—
FY 2018 Q3—
FY 2018 Q4—
FY 2019 Q1—
FY 2019 Q2—
FY 2019 Q3—
FY 2019 Q4—
FY 2020 Q1—
FY 2020 Q2—
FY 2020 Q3—
FY 2020 Q4—
FY 2021 Q1—
FY 2021 Q2—
FY 2021 Q3—
FY 2021 Q4—
FY 2022 Q1—
FY 2022 Q2—
FY 2022 Q3—
FY 2022 Q4—
FY 2023 Q1—
FY 2023 Q2—
FY 2023 Q3—
FY 2023 Q4—
FY 2024 Q1—
FY 2024 Q2—
FY 2024 Q3—
FY 2024 Q4—
FY 2025 Q1—
FY 2025 Q2—
FY 2025 Q3—
FY 2025 Q4—
FY 2026 Q1—
FY 2026 Q2—

Capital allocation

% of tracked cash uses

$1,834M
International Business Machines capital allocation. Quarterly values. Missing values are unavailable.
PeriodCapexAcquisitionsBuybacksDividendsDebt repaymentsTracked uses
FY 2009 Q2Unavailable3.18% · $79M67.32% · $1,671M29.49% · $732MUnavailable100% · $2,482M
FY 2009 Q3Unavailable1.49% · $25M55.3% · $929M43.21% · $726MUnavailable100% · $1,680M
FY 2009 Q4Unavailable22% · $1,069M63.05% · $3,064M14.96% · $727MUnavailable100% · $4,860M
FY 2010 Q112% · $758M13.04% · $824M63.59% · $4,017M11.37% · $718MUnavailable100% · $6,317M
FY 2010 Q2UnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
FY 2010 Q3UnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
FY 2010 Q4UnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
FY 2011 Q115.76% · $915M0.88% · $51M69.67% · $4,045M13.69% · $795MUnavailable100% · $5,806M
FY 2011 Q2UnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
FY 2011 Q3UnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
FY 2011 Q4UnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
FY 2012 Q115.26% · $937M21.48% · $1,319M49.1% · $3,015M14.17% · $870MUnavailable100% · $6,141M
FY 2012 Q220.77% · $1,198M10.5% · $606M51.78% · $2,987M16.95% · $978MUnavailable100% · $5,769M
FY 2012 Q318.07% · $947M6.51% · $341M56.96% · $2,986M18.47% · $968MUnavailable100% · $5,242M
FY 2012 Q415.58% · $1,000M22.68% · $1,456M46.84% · $3,007M14.91% · $957MUnavailable100% · $6,420M
FY 2013 Q116.55% · $714M1.34% · $58M60.12% · $2,593M21.98% · $948MUnavailable100% · $4,313M
FY 2013 Q215.41% · $860M2.17% · $121M63.64% · $3,552M18.78% · $1,048MUnavailable100% · $5,581M
FY 2013 Q315.58% · $985M37.69% · $2,383M30.32% · $1,917M16.4% · $1,037MUnavailable100% · $6,322M
FY 2013 Q412.7% · $1,064M5.89% · $494M69.18% · $5,797M12.23% · $1,025MUnavailable100% · $8,380M
FY 2014 Q18.27% · $849M2.57% · $264M79.52% · $8,166M9.64% · $990MUnavailable100% · $10,269M
FY 2014 Q215.12% · $908M5.65% · $339M60.98% · $3,662M18.25% · $1,096MUnavailable100% · $6,005M
FY 2014 Q326.62% · $1,036M1.21% · $47M44.17% · $1,719M28.01% · $1,090MUnavailable100% · $3,892M
FY 2014 Q443.56% · $947M0.28% · $6M6.07% · $132M50.09% · $1,089MUnavailable100% · $2,174M
FY 2015 Q126.3% · $857M4.54% · $148M35.76% · $1,165M33.39% · $1,088MUnavailable100% · $3,258M
FY 2015 Q222.52% · $865M14.58% · $560M29.63% · $1,138M33.27% · $1,278MUnavailable100% · $3,841M
FY 2015 Q324.47% · $948M2.92% · $113M39.83% · $1,543M32.78% · $1,270MUnavailable100% · $3,874M
FY 2015 Q416.65% · $909M46.29% · $2,528M13.97% · $763M23.09% · $1,261MUnavailable100% · $5,461M
FY 2016 Q116.67% · $956M45.16% · $2,590M16.37% · $939M21.8% · $1,250MUnavailable100% · $5,735M
FY 2016 Q214.84% · $870M48.03% · $2,815M14.26% · $836M22.86% · $1,340MUnavailable100% · $5,861M
FY 2016 Q325.58% · $768M1.33% · $40M28.55% · $857M44.54% · $1,337MUnavailable100% · $3,002M
FY 2016 Q428.57% · $973M6.87% · $234M25.54% · $870M39.02% · $1,329MUnavailable100% · $3,406M
FY 2017 Q121.37% · $740M3.15% · $109M37.34% · $1,293M38.15% · $1,321MUnavailable100% · $3,463M
FY 2017 Q219.13% · $685M1.68% · $60M40% · $1,432M39.19% · $1,403MUnavailable100% · $3,580M
FY 2017 Q324.47% · $848M7.88% · $273M27.39% · $949M40.26% · $1,395MUnavailable100% · $3,465M
FY 2017 Q431.21% · $956M1.76% · $54M21.74% · $666M45.28% · $1,387MUnavailable100% · $3,063M
FY 2018 Q128.06% · $870M2.29% · $71M25.06% · $777M44.58% · $1,382MUnavailable100% · $3,100M
FY 2018 Q227.31% · $931M1.5% · $51M29.04% · $990M42.15% · $1,437MUnavailable100% · $3,409M
FY 2018 Q328.29% · $812M0.03% · $1M21.81% · $626M49.86% · $1,431MUnavailable100% · $2,870M
FY 2018 Q418.34% · $782M0.38% · $16M48.08% · $2,050M33.21% · $1,416MUnavailable100% · $4,264M
FY 2019 Q118.87% · $539M0.04% · $1M32.2% · $920M48.9% · $1,397MUnavailable100% · $2,857M
FY 2019 Q224.53% · $583M1.77% · $42M13.29% · $316M60.41% · $1,436MUnavailable100% · $2,377M
FY 2019 Q31.69% · $588M93.81% · $32,587M0.36% · $125M4.13% · $1,436MUnavailable100% · $34,736M
FY 2019 Q428.6% · $576M0% · $0M0% · $0M71.4% · $1,438MUnavailable100% · $2,014M
FY 2020 Q130.24% · $630M0.62% · $13MUnavailable69.13% · $1,440MUnavailable100% · $2,083M
FY 2020 Q228.66% · $585M0.29% · $6MUnavailable71.04% · $1,450MUnavailable100% · $2,041M
FY 2020 Q333.01% · $725M0.82% · $18MUnavailable66.17% · $1,453MUnavailable100% · $2,196M
FY 2020 Q427.89% · $678M12.3% · $299MUnavailable59.81% · $1,454MUnavailable100% · $2,431M
FY 2021 Q116.09% · $494M36.47% · $1,120MUnavailable47.44% · $1,457MUnavailable100% · $3,071M
FY 2021 Q214.84% · $560M46.28% · $1,746MUnavailable38.88% · $1,467MUnavailable100% · $3,773M
FY 2021 Q325.58% · $558M6.97% · $152MUnavailable67.45% · $1,471MUnavailable100% · $2,181M
FY 2021 Q420.46% · $450M12.51% · $275MUnavailable67.03% · $1,474MUnavailable100% · $2,199M
FY 2022 Q111.45% · $281M28.44% · $698MUnavailable60.11% · $1,475MUnavailable100% · $2,454M
FY 2022 Q216.24% · $339M12.46% · $260MUnavailable71.3% · $1,488MUnavailable100% · $2,087M
FY 2022 Q316.95% · $317M3.32% · $62MUnavailable79.73% · $1,491MUnavailable100% · $1,870M
FY 2022 Q412.66% · $409M41.1% · $1,328MUnavailable46.24% · $1,494MUnavailable100% · $3,231M
FY 2023 Q116.49% · $300M1.21% · $22MUnavailable82.3% · $1,497MUnavailable100% · $1,819M
FY 2023 Q216.49% · $364M15.13% · $334MUnavailable68.39% · $1,510MUnavailable100% · $2,208M
FY 2023 Q34.4% · $281M71.87% · $4,589MUnavailable23.73% · $1,515MUnavailable100% · $6,385M
FY 2023 Q415.35% · $300M7.01% · $137MUnavailable77.65% · $1,518MUnavailable100% · $1,955M
FY 2024 Q112.97% · $239M4.45% · $82MUnavailable82.58% · $1,522MUnavailable100% · $1,843M
FY 2024 Q211.52% · $220M8.01% · $153MUnavailable80.46% · $1,536MUnavailable100% · $1,909M
FY 2024 Q36.59% · $286M57.88% · $2,513MUnavailable35.54% · $1,543MUnavailable100% · $4,342M
FY 2024 Q412.68% · $303M22.64% · $541MUnavailable64.69% · $1,546MUnavailable100% · $2,390M
FY 2025 Q12.74% · $244M79.83% · $7,098MUnavailable17.42% · $1,549MUnavailable100% · $8,891M
FY 2025 Q28.33% · $210M29.64% · $747MUnavailable62.02% · $1,563MUnavailable100% · $2,520M
FY 2025 Q313.55% · $255M3.08% · $58MUnavailable83.37% · $1,569MUnavailable100% · $1,882M
FY 2025 Q416.28% · $382M16.66% · $391MUnavailable67.06% · $1,574MUnavailable100% · $2,347M
FY 2026 Q11.89% · $232M85.27% · $10,465MUnavailable12.84% · $1,576MUnavailable100% · $12,273M
FY 2026 Q212.49% · $229M0.82% · $15MUnavailable86.7% · $1,590MUnavailable100% · $1,834M

Tracked cash uses · SBC excluded

Sources and calculations

Company filings · USD · Last checked 2026-10-18. Missing inputs remain unavailable. Your chart selection and layout are saved in this browser for International Business Machines.

All charts share the selected dates. Quarterly/Yearly changes fiscal charts; valuation keeps completed daily closes on a published TTM basis. Later restatements can delay that basis. Historical mean, median and pricing labels use the selected range and do not estimate intrinsic fair value.

SBC deduction is an optional economic-cost scenario for FCF-based metrics. Missing SBC never becomes zero.

Revenue
Reported revenue from company filings.
Free cash flow
Operating cash flow − reported cash capital investment. PPE purchases are preferred; the productive-assets fallback also includes software and intangibles. Reflects the SBC option and can differ from issuer-defined FCF.
Net margin
Reported net income / revenue × 100.
P/E
Completed closing price × diluted shares / TTM earnings attributable to common shareholders.
ROIC
NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
Capital allocation
Reported cash uses as a percentage of tracked uses. Missing categories remain unavailable; SBC is noncash and excluded.
Reported revenue and sources