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Friday 6 November 2026 Export IBM’s income statement to Excel — free account

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
Overview Business Profile Earnings & Analysis
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Income Statement Balance Sheet Cash Flow Metrics & Ratios
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International Business Machines Corporation (IBM) P/E ratio

Alert me on P/E ratio

As of 5 November 2026, International Business Machines Corporation (IBM) trades at a P/E ratio of 20.9×. Over the past ten years it has ranged from 8.3× (February 2016) to 106× (December 2022); the current reading is higher than 56% of that period. That is above the Information Technology Services industry median of 17.6× and below the Technology sector median of 25.7×.

P/E ratio, daily

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Annual newest first

Period P/E ratio Change
FY2025 26.1× (22.48%)
FY2024 33.7× 71.35%
FY2023 19.6× (74.88%)
FY2022 78.2× 275.05%
FY2021 20.9× 7.31%
FY2020 19.4× 59.36%
FY2019 12.2× 6.07%
FY2018 11.5× (52.72%)
FY2017 24.3× 86.93%
FY2016 13.0× 33.47%

Quarterly newest first

Period P/E ratio Change
Sep 2026 18.5× (24.75%)
Jun 2026 24.6× 16.62%
Mar 2026 21.1× (19.31%)
Dec 2025 26.1× (21.20%)
43 more quarters

Against its own ten years

Low 8.3× High 106×
Ten-year median 19.7×
Current reading's percentile 52

P/E ratio against peers

Company P/E ratio
FISV Fiserv, Inc. compare n/m
LDOS Leidos Holdings, Inc. compare 12.0×
CTSH Cognizant Technology Solutions Corporation compare 12.1×
INFY American Noble Gas Inc. compare 15.8×
WIT Wipro Limited compare 18.2×
CDW CDW Corporation compare 18.6×
ACN Accenture PLC compare 19.5×
IBM International Business Machines Corporation 20.9×
BR Broadridge Financial Solutions, Inc. compare 21.3×
Information Technology Services industry median 17.6×
Technology sector median 25.7×
Market median 17.9×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

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