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International Business Machines Corp

ibm.com

International Business Machines Corp (NYSE: IBM) is a technology and consulting company that delivers hybrid cloud and artificial intelligence solutions to enterprise clients worldwide. It generates revenue through a combination of software licensing and subscriptions, technology services, and consulting engagements sold primarily to large organizations facing complex business and IT challenges. IBM operates as a globally integrated enterprise, competing across its business segments against large multinational technology firms as well as smaller specialized entities. Strategic partners named in the FY2025 10-K (filed 2026-02-24) include Adobe, Amazon Web Services, Microsoft, Oracle, Palo Alto Networks, Salesforce, Samsung Electronics, and SAP, some of whom are also competitors. IBM is headquartered in the United States and is listed on the New York Stock Exchange.

Products & Services

IBM's offerings center on hybrid cloud platforms and AI solutions, delivered through software, consulting, and infrastructure services. Specific product names and segment revenue breakdowns are not detailed in the available filing excerpts.

Revenue Model

IBM earns revenue through software products (including licensing and subscription arrangements), technology consulting services, and infrastructure offerings, all directed at enterprise clients. The company operates across distinct business segments focused on hybrid cloud and AI, as described in the FY2025 10-K filed 2026-02-24.

Customers & Markets

IBM serves enterprise clients with complex business and IT requirements across industries globally. The company works with hyperscalers, global system integrators, service providers, and software and hardware vendors as both partners and distribution channels, per the FY2025 10-K filed 2026-02-24.

Geographic Exposure

IBM describes itself as a globally integrated enterprise operating worldwide. Specific country or regional revenue breakdowns are not available in the provided filing excerpts.

Financial Snapshot

Revenue
TTM
$68.91B
Gross Margin
TTM
58.23%
Net Income
TTM
$10.75B
Current Assets
2026 Q1
Current Liabilities
2026 Q1
Current Ratio
2026 Q1
79.58%
Total Assets
2026 Q1
Total Liabilities
2026 Q1
Book Value
2026 Q1
$33.06B
Cash
2026 Q1
P/E
TTM
24.58
Free Cash Flow
TTM
$12.77B

Stock Price

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Market Cap: $264.31 Billion

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