On 12 Nov 2026 IBM closed at $244.67, -15.1% this year; market cap $233.30bn, P/E 20.9.
Information Technology · IT Consulting & Other Services · NYSE · United States
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 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 collaboration with Arm Holdings plc to develop new dual-architecture hardware for AI and data intensive workloads; 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.
| Market cap | $233.30bn |
| P/E (trailing) | 20.9 |
| EPS (TTM) | $11.71 |
| Beta | 0.76 |
| Dividend | $6.76 |
| Dividend yield | 2.76% |
| Ex-dividend date | 10 Nov 2026 |
| Latest report | 21 Oct 2026 |
| Next earnings | 20 Jan 2027 |
| YTD | -15.1% |
| 1Y | -20.2% |
| 3Y | +21.8% |
| 5Y | +19.9% |
| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| 2025 | $67.54bn | $10.59bn | $12.10bn |
| 2024 | $62.75bn | $6.02bn | $11.76bn |
| 2023 | $61.86bn | $7.50bn | $13.43bn |
| 2022 | $60.53bn | $1.64bn | $8.57bn |
| 2021 | $57.35bn | $5.74bn | $10.41bn |
We publish no single base value for IBM. Our valuation methods put it between $162.90 and $271.62 a share. The valuation code's reason: no point fair value: the two anchors behind it compound the same growth rate and differ only in how they end — a perpetuity at the terminal rate against a multiple on the final year — so the midpoint between them measures terminal treatment rather than what the business is worth. The published range is the same reading with the false precision removed: read it as the span the method supports, and treat neither edge as a point estimate. See every method
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Data as of 12 Nov 2026. Not investment advice.