International Business Machines Corp
NYSE:IBM

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International Business Machines Corp Logo
International Business Machines Corp
NYSE:IBM
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Price: 223.54 USD 0.51% Market Closed
Market Cap: 206.7B USD
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Financials Section:
Income Statement Balance Sheet Cash Flow Statement
|
Revenue Breakdown

Income Statement

62.6B
+0.3%
Revenue
Growth Rates:
1 Year
+2%
3 Years
+11%
5 Years
-19%
7 Years
-20%
10 Years
-35%
9.1B
+0.5%
Operating Income
Growth Rates:
1 Year
+9%
3 Years
+115%
5 Years
-27%
7 Years
-33%
10 Years
-58%
6.4B
-24%
Net Income
Growth Rates:
1 Year
-8%
3 Years
+34%
5 Years
-17%
7 Years
-43%
10 Years
-50%

Earnings Waterfall
International Business Machines Corp

Revenue
62.6B USD
Cost of Revenue
-27.2B USD
Gross Profit
35.4B USD
Operating Expenses
-26.3B USD
Operating Income
9.1B USD
Other Expenses
-2.7B USD
Net Income
6.4B USD

Income Statement
International Business Machines Corp

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Income Statement
Currency: USD
Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024
Revenue
Revenue
96 065
N/A
92 793
-3%
90 147
-3%
86 913
-4%
83 796
-4%
81 741
-2%
80 836
-1%
80 261
-1%
80 207
0%
79 919
0%
79 389
-1%
78 440
-1%
78 367
0%
79 139
+1%
80 056
+1%
80 770
+1%
80 373
0%
79 591
-1%
78 702
-1%
77 860
-1%
77 132
-1%
57 714
-25%
57 104
-1%
56 066
-2%
41 841
-25%
55 179
+32%
50 795
-8%
46 890
-8%
56 338
+20%
57 350
+2%
58 361
+2%
59 678
+2%
60 534
+1%
60 530
0%
60 584
+0%
60 524
0%
61 169
+1%
61 860
+1%
62 070
+0%
62 365
+0%
62 581
+0%
Gross Profit
Cost of Revenue
(48 182)
(46 386)
(44 915)
(43 335)
(41 656)
(41 057)
(40 918)
(41 031)
(41 400)
(41 403)
(41 615)
(41 400)
(41 359)
(42 196)
(42 811)
(43 294)
(43 075)
(42 655)
(41 969)
(41 316)
(41 055)
(26 181)
(25 691)
(24 963)
(14 069)
(24 314)
(20 825)
(17 768)
(25 115)
(25 865)
(26 568)
(27 448)
(27 980)
(27 842)
(27 724)
(27 452)
(27 504)
(27 560)
(27 536)
(27 382)
(27 201)
Gross Profit
47 883
N/A
46 407
-3%
45 232
-3%
43 578
-4%
42 140
-3%
40 684
-3%
39 918
-2%
39 230
-2%
38 807
-1%
38 516
-1%
37 774
-2%
37 040
-2%
37 008
0%
36 943
0%
37 245
+1%
37 476
+1%
37 298
0%
36 936
-1%
36 733
-1%
36 544
-1%
36 077
-1%
31 533
-13%
31 413
0%
31 103
-1%
27 772
-11%
30 865
+11%
29 970
-3%
29 122
-3%
31 223
+7%
31 485
+1%
31 793
+1%
32 230
+1%
32 554
+1%
32 688
+0%
32 860
+1%
33 072
+1%
33 665
+2%
34 300
+2%
34 534
+1%
34 983
+1%
35 380
+1%
Operating Income
Operating Expenses
(26 084)
(24 577)
(23 801)
(23 330)
(23 001)
(24 122)
(24 428)
(24 802)
(24 787)
(24 630)
(23 933)
(23 582)
(23 538)
(23 623)
(23 691)
(23 533)
(23 339)
(22 943)
(23 045)
(22 725)
(23 716)
(23 332)
(23 993)
(24 982)
(25 459)
(25 130)
(27 926)
(27 804)
(27 003)
(25 376)
(25 533)
(25 658)
(25 781)
(25 546)
(25 426)
(25 292)
(25 365)
(25 509)
(25 637)
(25 971)
(26 320)
Selling, General & Administrative
(21 946)
(21 385)
(21 073)
(20 476)
(19 785)
(19 512)
(19 425)
(19 721)
(19 872)
(19 440)
(19 280)
(18 975)
(18 854)
(19 120)
(19 126)
(18 949)
(18 721)
(18 217)
(18 131)
(18 286)
(18 752)
(19 748)
(18 944)
(19 029)
(19 716)
(18 539)
(21 546)
(21 329)
(20 218)
(18 608)
(18 861)
(18 930)
(19 000)
(18 577)
(18 575)
(18 536)
(18 606)
(18 609)
(18 621)
(18 767)
(18 933)
Research & Development
(5 569)
(5 437)
(5 333)
(5 272)
(5 205)
(5 247)
(5 407)
(5 572)
(5 682)
(5 726)
(5 752)
(5 723)
(5 617)
(5 590)
(5 510)
(5 438)
(5 399)
(5 379)
(5 407)
(5 450)
(5 751)
(5 963)
(6 155)
(6 330)
(6 240)
(6 262)
(6 253)
(6 312)
(6 455)
(6 488)
(6 551)
(6 583)
(6 588)
(6 567)
(6 543)
(6 557)
(6 631)
(6 775)
(6 916)
(7 069)
(7 260)
Depreciation & Amortization
(375)
(374)
(362)
(340)
(317)
(304)
(324)
(388)
(451)
(503)
(534)
(525)
(514)
(496)
(476)
(458)
(443)
(435)
(422)
(408)
(574)
0
(655)
(844)
0
(1 104)
(556)
(548)
(833)
(1 116)
(840)
(841)
(808)
(1 062)
(1 026)
(988)
(988)
(995)
(1 009)
(1 038)
(1 076)
Other Operating Expenses
1 806
2 619
2 967
2 758
2 306
941
728
879
1 218
1 039
1 633
1 641
1 447
1 583
1 421
1 312
1 224
1 088
915
1 419
1 361
2 379
1 761
1 221
497
775
429
385
503
836
719
696
615
660
718
789
860
870
909
903
949
Operating Income
21 799
N/A
21 830
+0%
21 431
-2%
20 248
-6%
19 139
-5%
16 562
-13%
15 490
-6%
14 428
-7%
14 020
-3%
13 886
-1%
13 841
0%
13 458
-3%
13 470
+0%
13 320
-1%
13 554
+2%
13 943
+3%
13 959
+0%
13 993
+0%
13 688
-2%
13 819
+1%
12 361
-11%
8 201
-34%
7 420
-10%
6 121
-18%
2 313
-62%
5 735
+148%
2 044
-64%
1 318
-36%
4 220
+220%
6 109
+45%
6 260
+2%
6 572
+5%
6 773
+3%
7 142
+5%
7 434
+4%
7 780
+5%
8 300
+7%
8 791
+6%
8 897
+1%
9 012
+1%
9 060
+1%
Pre-Tax Income
Interest Income Expense
(894)
(372)
(737)
(510)
(44)
(31)
(213)
(490)
(528)
(518)
(568)
(454)
(399)
(380)
(476)
(467)
(426)
(481)
(215)
(412)
(673)
(1 572)
(1 622)
(1 469)
(1 553)
(1 174)
(1 153)
(1 367)
(1 227)
(971)
(1 340)
(1 274)
(1 077)
(914)
(622)
(554)
(793)
(997)
(1 143)
(1 153)
(1 143)
Non-Reccuring Items
(911)
(1 472)
(889)
(1 056)
(1 153)
(587)
(1 300)
(1 137)
(1 050)
(1 038)
(554)
(891)
(1 156)
(1 540)
(1 967)
(2 032)
(2 157)
(2 170)
(1 384)
(1 326)
(1 080)
577
(524)
(575)
1 831
(1 989)
1 974
2 255
(11)
(301)
296
728
(4 984)
(5 072)
(5 220)
(5 356)
737
896
951
1 066
(1 667)
Total Other Income
0
0
0
(1)
0
1
0
0
3
0
2
0
2
0
0
0
0
0
0
0
(1)
0
0
0
0
0
1
0
0
0
0
0
0
0
0
0
0
0
1
0
0
Pre-Tax Income
19 994
N/A
19 986
0%
19 805
-1%
18 681
-6%
17 941
-4%
15 945
-11%
13 978
-12%
12 803
-8%
12 445
-3%
12 330
-1%
12 721
+3%
12 115
-5%
11 917
-2%
11 400
-4%
11 113
-3%
11 446
+3%
11 377
-1%
11 342
0%
12 089
+7%
12 081
0%
10 607
-12%
7 206
-32%
5 274
-27%
4 077
-23%
2 591
-36%
2 572
-1%
2 865
+11%
2 206
-23%
2 983
+35%
4 837
+62%
5 217
+8%
6 027
+16%
713
-88%
1 156
+62%
1 591
+38%
1 869
+17%
8 243
+341%
8 690
+5%
8 706
+0%
8 925
+3%
6 250
-30%
Net Income
Tax Provision
(3 540)
(4 234)
(4 166)
(3 768)
(3 521)
(2 581)
(1 012)
(858)
(608)
(449)
(1 104)
(671)
(601)
(167)
150
(126)
(91)
(582)
(1 376)
(1 244)
(784)
86
1 609
1 655
1 518
1 470
164
258
463
(213)
(237)
(383)
680
696
411
143
(1 279)
(1 271)
(192)
(64)
554
Income from Continuing Operations
16 454
15 752
15 639
14 913
14 420
13 364
12 966
11 945
11 837
11 881
11 617
11 444
11 316
11 233
11 263
11 320
11 286
10 760
10 713
10 837
9 823
7 292
6 883
5 732
4 109
4 042
3 029
2 464
3 446
4 624
4 980
5 644
1 393
1 852
2 002
2 012
6 964
7 419
8 514
8 861
6 804
Net Income (Common)
12 723
N/A
12 022
-6%
11 966
0%
11 278
-6%
14 210
+26%
13 190
-7%
12 876
-2%
11 931
-7%
11 834
-1%
11 872
+0%
11 608
-2%
11 435
-1%
11 308
-1%
5 753
-49%
5 682
-1%
5 755
+1%
5 723
-1%
8 728
+53%
8 640
-1%
8 734
+1%
7 712
-12%
9 431
+22%
9 015
-4%
7 878
-13%
7 904
+0%
5 590
-29%
5 370
-4%
5 334
-1%
4 766
-11%
5 743
+20%
5 520
-4%
5 587
+1%
1 261
-77%
1 639
+30%
1 833
+12%
2 024
+10%
6 924
+242%
7 502
+8%
8 180
+9%
8 431
+3%
6 397
-24%
EPS (Diluted)
12.75
N/A
11.9
-7%
12.05
+1%
11.43
-5%
14.51
+27%
13.42
-8%
13.35
-1%
12.42
-7%
12.36
0%
12.39
+0%
12.24
-1%
12.17
-1%
12.11
0%
6.13
-49%
6.13
N/A
6.25
+2%
6.25
N/A
9.52
+52%
9.66
+1%
9.8
+1%
8.63
-12%
10.56
+22%
10.07
-5%
8.8
-13%
8.65
-2%
6.23
-28%
5.95
-4%
5.89
-1%
5.26
-11%
6.34
+21%
6.07
-4%
6.13
+1%
1.39
-77%
1.79
+29%
1.99
+11%
2.2
+11%
7.48
+240%
8.13
+9%
8.76
+8%
9.02
+3%
6.92
-23%

See Also

Summary
IBM intrinsic value, competitors valuation, and company profile.
DCF Valuation
IBM stock valuation using Discount Cash Flow valuation method.
Relative Valuation
IBM stock valuation using valuation multiples.
Wall Street Estimates
IBM price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
IBM stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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