INTERNATIONAL BUSINESS MACHINES CORP

IBM Information Technology · Technology Hardware & Equipment

Latest period 2026-06-30 · 38 filings on record

Quarterly TTM Annual

8Q 3Y 5Y 10Y MAX

23-09 → 26-06 12 QUARTERS

SHOWING Discrete quarters as filed — each point is one 10-Q, or a Q4 derived from the 10-K.

Ranked against Information Technology · 103 peers

Each grade is a single reported quarter's assessment, never an average — a card shows the grade at the newest quarter in view, so it follows the period and range controls above. Latest scored quarter: 2026-06-30.

Growth 17th pct

▼−46 over range · as of 2026-06-30

Revenue +1.1% YoY, earnings -1.3% YoY · sector avg 82

Quality 36th pct

▼−9 over range · as of 2026-06-30

12.6% net margin, 31% return on equity, 20% free-cash-flow margin, profitable in 7 of last 8 quarters · sector avg 52

Safety 8th pct

▼−5 over range · as of 2026-06-30

Net debt 3.4x EBITDA, 0.8x current ratio · sector avg 49

OVERVIEWQoQ Δ

Latest quarter · ending 2026-06-30 · green = improving · click a row to chart it

Revenue $17.2B +7.8% Gross margin 57.7% +1.5pp Operating margin — — Net margin 12.6% +5.0pp Net income $2.2B +78.0%

Debt / equity 1.96 −2.2%

EPS (diluted) $2.27 +77.3% EBITDA — —

Filings

23-09 → 26-06 · following the period bar 3 match

ALL 10-K 10-Q Q1 Q2 Q3 FY CLEAR SORT NEWEST ↓

Filings by fiscal year and period
Year	Q1	Q2	Q3	FY
2026	10-Q Q1 2026	10-Q Q2 2026	no filing	no filing
2025	10-Q Q1 2025	10-Q Q2 2025	10-Q Q3 2025	10-K FY 2025
2024	10-Q Q1 2024	10-Q Q2 2024	10-Q Q3 2024	10-K FY 2024
2023	no filing	no filing	10-Q Q3 2023	10-K FY 2023

10-K FY 2025 2026-02-24 Pro → 10-K FY 2024 2025-02-25 Pro → 10-K FY 2023 2024-02-26 Pro →

Filing-level fact detail is a Pro feature. The grades and figures above are free. See Pro plans

Trends

Quarter-over-quarter, from cached filings

Revenue

Latest$17.2B QoQ+7.8% Periods12

Revenue by period
Period	Period end	Revenue
23-09	2023-09-30	$14.8B
23-12	2023-12-31	$17.4B
24-03	2024-03-31	$14.5B
24-06	2024-06-30	$15.8B
24-09	2024-09-30	$15.0B
24-12	2024-12-31	$17.6B
25-03	2025-03-31	$14.5B
25-06	2025-06-30	$17.0B
25-09	2025-09-30	$16.3B
25-12	2025-12-31	$19.7B
26-03	2026-03-31	$15.9B
26-06	2026-06-30	$17.2B

Net income

Latest$2.2B QoQ+78.0% Periods12

Net income by period
Period	Period end	Net income
23-09	2023-09-30	$1.7B
23-12	2023-12-31	$3.3B
24-03	2024-03-31	$1.6B
24-06	2024-06-30	$1.8B
24-09	2024-09-30	-$330.0M
24-12	2024-12-31	$2.9B
25-03	2025-03-31	$1.1B
25-06	2025-06-30	$2.2B
25-09	2025-09-30	$1.7B
25-12	2025-12-31	$5.6B
26-03	2026-03-31	$1.2B
26-06	2026-06-30	$2.2B

ZOOM

18-09 26-06

Grade history

Point-in-time: each period shows the grade of the quarter it ends at — grades are never summed or averaged across a window.

Growth 17 Quality 36 Safety 8

Hover to read every grade at a period · shared with the trends chart · axis fixed 0–100

Grade history by period
Period	Period end	Growth	Quality	Safety
23-09	2023-09-30	63	45	13
23-12	2023-12-31	46	52	14
24-03	2024-03-31	51	46	21
24-06	2024-06-30	40	44	22
24-09	2024-09-30	12	33	14
24-12	2024-12-31	21	42	13
25-03	2025-03-31	17	33	11
25-06	2025-06-30	47	38	10
25-09	2025-09-30	68	37	14
25-12	2025-12-31	64	50	17
26-03	2026-03-31	34	35	11
26-06	2026-06-30	17	36	8