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Saturday 17 October 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. In the quarter to June 2026, revenue grew 1.09%, EPS fell 2.54%, free cash flow grew 56.5% and total debt fell 3.39%, each against the same quarter a year earlier. Member of the S&P 500 and Dow Jones; dividend growth for twenty-five consecutive years, revenue growth for five; insiders bought in the last twelve months.

232.56 1.56 −0.67%
Market cap
$220.6B
P/E
20.3×
Fwd P/E
27.7×
Dividend yield
2.90%
F-score
6/9
Altman Z
3.49
Beneish M
−2.41
Dividend safety
64/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

International Business Machines Corporation (IBM) P/E ratio

Alert me on P/E ratio

As of 16 October 2026, International Business Machines Corporation (IBM) trades at a P/E ratio of 20.3×. Over the past ten years it has ranged from 8.3× (February 2016) to 106× (December 2022); the current reading is higher than 53% of that period. That is above the Information Technology Services industry median of 16.4× and below the Technology sector median of 28.2×.

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× 8.64%
FY2020 19.2× 59.35%
FY2019 12.0× 6.07%
FY2018 11.4× (52.72%)
FY2017 24.0× 86.93%
FY2016 12.8× 31.84%

Quarterly newest first

Period P/E ratio Change
Jun 2026 24.6× 16.62%
Mar 2026 21.1× (19.31%)
Dec 2025 26.1× (21.20%)
Sep 2025 33.1× (29.33%)
42 more quarters

Against its own ten years

Low 8.3× High 106×
Ten-year median 19.6×
Current reading's percentile 49

P/E ratio against peers

Company P/E ratio
FIS Fidelity National Information Services, Inc. compare 5.5×
FISV Fiserv, Inc. compare 9.1×
CTSH Cognizant Technology Solutions Corporation compare 14.2×
INFY American Noble Gas Inc. compare 15.1×
WIT Wipro Limited compare 16.3×
ACN Accenture PLC compare 16.7×
BR Broadridge Financial Solutions, Inc. compare 18.0×
CDW CDW Corporation compare 18.0×
IBM International Business Machines Corporation 20.3×
Information Technology Services industry median 16.4×
Technology sector median 28.2×
Market median 18.1×

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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