International Business Machines Corporation

IBM Technology Information Technology Services

International Business Machines Corporation’s revenue for fiscal 2025 (year ended December 2025) was $67.5 billion, up 7.62% from fiscal 2024.

Revenue
+4.73%
EPS
+24.1%
Free cash flow
+31.3%
Total debt
+1.11%

Quarter to September 2026, against a year earlier

248.25 6.07 −2.39%
Market cap
$233.6B
P/E
20.9×
Fwd P/E
25.8×
Dividend yield
2.72%
F-score
6/9
Altman Z
3.49
Beneish M
−2.41
Dividend safety
64/100

International Business Machines Corporation (IBM) EBITDA

Alert me on EBITDA

International Business Machines Corporation's EBITDA for fiscal 2025 was $15.9B, up 21.7% from $13.1B in fiscal 2024. Over the twelve months to 30 September 2026 it was $16.6B. Over the past ten years it has ranged from $10.7B (fiscal 2020) to $18.9B (fiscal 2015); the current reading is higher than 64% of that period. EBITDA has risen for 3 consecutive fiscal years. International Business Machines Corporation ranks 1st of 69 Information Technology Services companies by EBITDA.

EBITDA, annual

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Annual newest first

Period EBITDA Change
FY2025 $15.9B 21.65%
FY2024 $13.1B 1.04%
FY2023 $12.9B 4.90%
FY2022 $12.3B (2.80%)
FY2021 $12.7B 17.99%
FY2020 $10.7B (17.15%)
FY2019 $13.0B (22.27%)
FY2018 $16.7B 2.82%
FY2017 $16.2B (0.55%)
FY2016 $16.3B (13.57%)

Quarterly newest first

Period EBITDA Change
Sep 2026 $4.1B 3.28%
Jun 2026 $4.0B 33.83%
Mar 2026 $3.0B (46.86%)
Dec 2025 $5.6B 46.15%
43 more quarters

Against its own ten years

Low $10.7B High $18.9B
Ten-year median $13.1B
Current reading's percentile 64

EBITDA against peers

What EBITDA is

EBITDA shows what a company earns from its operations before interest, taxes and the non-cash charges for depreciation and amortization.

Reported line item

The full definition of EBITDA →

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