INTERNATIONAL BUSINESS MACHINES CORP
IBM Information Technology · Technology Hardware & EquipmentEach 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.
▼−46 over range · as of 2026-06-30
Revenue +1.1% YoY, earnings -1.3% YoY · sector avg 82
▼−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
▼−5 over range · as of 2026-06-30
Net debt 3.4x EBITDA, 0.8x current ratio · sector avg 49
Trailing twelve months · ending 2026-06-30 · green = improving · click a row to chart it
Revenue $69.1B +0.3% Gross margin 58.1% −0.3pp Operating margin — — Net margin 15.5% −0.1pp Net income $10.7B −0.3%Filings
TTM 21-09 → TTM 26-06 · following the period bar 6 match| 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 | 10-Q Q1 2023 | 10-Q Q2 2023 | 10-Q Q3 2023 | 10-K FY 2023 |
| 2022 | 10-Q Q1 2022 | 10-Q Q2 2022 | 10-Q Q3 2022 | 10-K FY 2022 |
| 2021 | 10-Q Q1 2021 | 10-Q Q2 2021 | 10-Q Q3 2021 | 10-K FY 2021 |
| 2020 | no filing | no filing | no filing | 10-K FY 2020 |
Filing-level fact detail is a Pro feature. The grades and figures above are free. See Pro plans
Trends
| Period | Period end | Revenue |
|---|---|---|
| TTM 21-09 | 2021-09-30 | $42.6B |
| TTM 21-12 | 2021-12-31 | $57.4B |
| TTM 22-03 | 2022-03-31 | $58.4B |
| TTM 22-06 | 2022-06-30 | $59.7B |
| TTM 22-09 | 2022-09-30 | $60.5B |
| TTM 22-12 | 2022-12-31 | $60.5B |
| TTM 23-03 | 2023-03-31 | $60.6B |
| TTM 23-06 | 2023-06-30 | $60.5B |
| TTM 23-09 | 2023-09-30 | $61.2B |
| TTM 23-12 | 2023-12-31 | $61.9B |
| TTM 24-03 | 2024-03-31 | $62.1B |
| TTM 24-06 | 2024-06-30 | $62.4B |
| TTM 24-09 | 2024-09-30 | $62.6B |
| TTM 24-12 | 2024-12-31 | $62.8B |
| TTM 25-03 | 2025-03-31 | $62.8B |
| TTM 25-06 | 2025-06-30 | $64.0B |
| TTM 25-09 | 2025-09-30 | $65.4B |
| TTM 25-12 | 2025-12-31 | $67.5B |
| TTM 26-03 | 2026-03-31 | $68.9B |
| TTM 26-06 | 2026-06-30 | $69.1B |
| Period | Period end | Net income |
|---|---|---|
| TTM 21-09 | 2021-09-30 | $4.8B |
| TTM 21-12 | 2021-12-31 | $5.7B |
| TTM 22-03 | 2022-03-31 | $5.5B |
| TTM 22-06 | 2022-06-30 | $5.6B |
| TTM 22-09 | 2022-09-30 | $1.3B |
| TTM 22-12 | 2022-12-31 | $1.6B |
| TTM 23-03 | 2023-03-31 | $1.8B |
| TTM 23-06 | 2023-06-30 | $2.0B |
| TTM 23-09 | 2023-09-30 | $6.9B |
| TTM 23-12 | 2023-12-31 | $7.5B |
| TTM 24-03 | 2024-03-31 | $8.2B |
| TTM 24-06 | 2024-06-30 | $8.4B |
| TTM 24-09 | 2024-09-30 | $6.4B |
| TTM 24-12 | 2024-12-31 | $6.0B |
| TTM 25-03 | 2025-03-31 | $5.5B |
| TTM 25-06 | 2025-06-30 | $5.8B |
| TTM 25-09 | 2025-09-30 | $7.9B |
| TTM 25-12 | 2025-12-31 | $10.6B |
| TTM 26-03 | 2026-03-31 | $10.8B |
| TTM 26-06 | 2026-06-30 | $10.7B |
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.
Hover to read every grade at a period · shared with the trends chart · axis fixed 0–100
| Period | Period end | Growth | Quality | Safety |
|---|---|---|---|---|
| TTM 21-09 | 2021-09-30 | not scored | not scored | not scored |
| TTM 21-12 | 2021-12-31 | not scored | not scored | not scored |
| TTM 22-03 | 2022-03-31 | not scored | not scored | not scored |
| TTM 22-06 | 2022-06-30 | not scored | not scored | not scored |
| TTM 22-09 | 2022-09-30 | not scored | not scored | not scored |
| TTM 22-12 | 2022-12-31 | not scored | not scored | not scored |
| TTM 23-03 | 2023-03-31 | not scored | not scored | not scored |
| TTM 23-06 | 2023-06-30 | not scored | not scored | not scored |
| TTM 23-09 | 2023-09-30 | 63 | 45 | 13 |
| TTM 23-12 | 2023-12-31 | 46 | 52 | 14 |
| TTM 24-03 | 2024-03-31 | 51 | 46 | 21 |
| TTM 24-06 | 2024-06-30 | 40 | 44 | 22 |
| TTM 24-09 | 2024-09-30 | 12 | 33 | 14 |
| TTM 24-12 | 2024-12-31 | 21 | 42 | 13 |
| TTM 25-03 | 2025-03-31 | 17 | 33 | 11 |
| TTM 25-06 | 2025-06-30 | 47 | 38 | 10 |
| TTM 25-09 | 2025-09-30 | 68 | 37 | 14 |
| TTM 25-12 | 2025-12-31 | 64 | 50 | 17 |
| TTM 26-03 | 2026-03-31 | 34 | 35 | 11 |
| TTM 26-06 | 2026-06-30 | 17 | 36 | 8 |