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

TTM 24-09 → TTM 26-06 8 TTM POINTS

SHOWING Trailing twelve months — each point sums the four quarters ending there.

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

▲+4 over range · as of 2026-06-30

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

Quality 36th pct

▲+3 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

▼−6 over range · as of 2026-06-30

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

OVERVIEWvs prior TTM Δ

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%

Debt / equity 1.96 −2.2%

EPS (diluted) — — EBITDA — —

Filings

TTM 24-09 → TTM 26-06 · following the period bar 11 match

ALL 10-K 10-Q Q1 Q2 Q3 FY 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	no filing	10-K FY 2023

10-Q Q2 2026 2026-07-23 Pro → 10-Q Q1 2026 2026-04-23 Pro → 10-K FY 2025 2026-02-24 Pro → 10-Q Q3 2025 2025-10-23 Pro → 10-Q Q2 2025 2025-07-24 Pro → 10-Q Q1 2025 2025-04-24 Pro →

All 11 filings

10-K FY 2024 2025-02-25 Pro → 10-Q Q3 2024 2024-10-30 Pro → 10-Q Q2 2024 2024-07-30 Pro → 10-Q Q1 2024 2024-04-30 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

Trailing twelve months, rolling one quarter at a time

Revenue

Latest$69.1B vs prior TTM+0.3% Periods8

Revenue by period
Period	Period end	Revenue
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

Net income

Latest$10.7B vs prior TTM−0.3% Periods8

Net income by period
Period	Period end	Net income
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

ZOOM

TTM 19-12 TTM 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
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