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) Return on equity

Alert me on Return on equity

International Business Machines Corporation's return on equity over the twelve months to 30 September 2026 was 34.8%, down 0.4 percentage points from fiscal 2025 (35.2%). Over the past ten years it has ranged from 7.99% (fiscal 2022) to 99.8% (fiscal 2015); the current reading is higher than 64% of that period. That is above the Information Technology Services industry median of 0.00% and above the Technology sector median of 0.00%.

Return on equity, annual

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Annual newest first

Period Return on equity Change (points)
FY2025 35.2% 11.14
FY2024 24.1% (9.52)
FY2023 33.6% 25.62
FY2022 7.99% (20.93)
FY2021 28.9% 2.12
FY2020 26.8% (22.95)
FY2019 49.8% (0.62)
FY2018 50.4% 18.51
FY2017 31.9% (40.50)
FY2016 72.4% (27.42)

Against its own ten years

Low 7.99% High 99.8%
Ten-year median 33.6%
Current reading's percentile 64

Return on equity against peers

Company Return on equity
CDW CDW Corporation compare 42.5%
BR Broadridge Financial Solutions, Inc. compare 40.2%
IBM International Business Machines Corporation 34.8%
INFY American Noble Gas Inc. compare 29.9%
LDOS Leidos Holdings, Inc. compare 27.9%
ACN Accenture PLC compare 25.8%
CTSH Cognizant Technology Solutions Corporation compare 17.4%
WIT Wipro Limited compare 14.9%
FISV Fiserv, Inc. compare −31.3%
Information Technology Services industry median 0.00%
Technology sector median 0.00%
Market median 0.51%

What Return on equity is

ROE shows how much profit a company earns for its shareholders on the equity they have in the business.

Annual: Net Income Allotted to Shareholders ÷ Average Common Equity; TTM: Net Income Allotted to Shareholders ÷ Average Common Equity (latest quarter)

The full definition of Return on equity →

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