International Business Machines Corporation (IBM)
The company now
IBM's revenue by product and service lines in fiscal 2025 was: Product 53%, Technology Service 46%, Financial Service 1%. By geography: Americas 49%, EMEA 33%, Asia Pacific 18%. 2
From the record in brief, written by the desk, an AI model, from the company's record on Oct 22, 2026. Nothing here is advice.
Where the revenue comes from
fiscal 2025, as filedRevenue by product, fiscal 2025
| Product | Fiscal 2025 | Fiscal 2024 | Share of revenue |
|---|---|---|---|
| Product | $36.09B | $32.23B | 53.4% |
| Technology Service | $30.71B | $29.81B | 45.5% |
| Financial Service | $737M | $709M | 1.1% |
Revenue by region, fiscal 2025
| Region | Fiscal 2025 | Fiscal 2024 | Share of revenue |
|---|---|---|---|
| Americas | $33.34B | $31.27B | 49.4% |
| EMEA | $22.19B | $19.43B | 32.9% |
| Asia Pacific | $12.00B | $12.06B | 17.8% |
As tagged in its annual report (Form 10-K, filed Feb 24, 2026 ↗), read from the SEC's financial statement data sets. The year before is the figure the record holds for the prior fiscal year.
The desk's written account of this company, its Past, Present and Future, is not on file yet.
How the company works
The desk has not read this company's annual report yet.
The record in brief
five sections from the recordBy the desk, an AI model (Claude Haiku 4.5), written from the company's record on Oct 22, 2026; nothing here is advice. Every sentence rests on the numbered source beside it, and a sentence the record did not support was cut before the report was kept.
A newer quarterly report (Form 10-Q, filed 2026-10-22) and current report (Form 8-K, filed 2026-10-21) is on file; this report was written before it, and the desk writes it again on request.
Past
IBM's revenue fell from $80 billion in fiscal 2016 to $68 billion in fiscal 2025, declining 1.9% a year over ten filed years, though it rose in six of nine years. The deepest fall was 31% from fiscal 2016 to fiscal 2020. Net income was positive in all ten of those years. Over the three fiscal years to 2025, the diluted share count grew about 1.3% a year, and dividends and buybacks returned about 45% of operating cash flow. The grade reads past 5.2 of 10. 12
Present
In the fiscal year ended 2025-12-31, IBM reported revenue of $68 billion and a profit of $11 billion. The company earned about 32 cents of profit for every dollar of shareholders' money, and its products earned about 26 cents per dollar of everything it owns. It owed about 78 cents per dollar of assets, and its share count grew 1.2% over the year. 21
IBM's revenue of $68 billion in fiscal 2025 ranks in the top 1% by size among 63 graded names in its industry family, a net margin of 15.7% ranks in the top 12%, and revenue growth of 3.7% a year over the last three filed years ranks in the top 45%. The chief executive is Arvind Krishna, filing under that title since 2020-04-10, 6.5 years; the 20 officers and directors filing in the last fifteen months have been on the record a median of 6.7 years; 5 officer or director changes were reported on Form 8-K since 2023-10-21, against the 20 people in charge now. The grade reads present 6.3 of 10. 12
Future
A quarterly report for the quarter ending 2026-09-30 is due by 2026-11-09. An annual report for the fiscal year ending 2026-12-31 is due by 2027-03-01. 3
IBM's room to grow includes cash from operations less capital spending of 17.9% of revenue, a gross margin of 58.2%, and research spending of 12.3% of revenue. Revenue grew 3.7% a year over the last three filed years against -1.9% over all ten, speeding up; the newest year grew 7.6%; research spending grew 8.2% a year; capital spending declined 6.8% a year. IBM reported three product lines in fiscal 2025: Product at $36 billion (53%), Technology Service at $31 billion (46%), and Financial Service at $737 million (1%); all three grew against the year before. The grade reads future 6.8 of 10. 12
How the company operates
IBM's revenue by product and service lines in fiscal 2025 was: Product 53%, Technology Service 46%, Financial Service 1%. By geography: Americas 49%, EMEA 33%, Asia Pacific 18%. 2
New moves
On 2026-10-01, IBM filed a Form 8-K reporting an officer or director change and a charter, bylaw or fiscal-year change. 3
Sources
a number beside a sentence opens its entry in its own document's listThe record in brief 3 sources · written Oct 22, 2026
- IBM: the nine metricsthis site's record
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Track record (past, graded 4.1 of 10, weighs 45% of the past): International Business Machines Corporation's 10 filed years say what it did: revenue went from $80 billion in fiscal 2016 to $68 billion in fiscal 2025, down 1.9% a year; it rose in 6 of 9 years; the deepest fall was 31% from fiscal 2016 to fiscal 2020; net income was positive in 10 of 10 of those years (its annual reports).
Shareholder treatment (past, graded 4.7 of 10, weighs 22% of the past): Over the 3 fiscal years to 2025-12-31, International Business Machines Corporation's diluted share count grew about 1.3% a year, and dividends and buybacks returned about 45% of its operating cash flow over 3 years (its filed statements).
Financial health (present, graded 4.6 of 10, weighs 45% of the present): Return on equity: in the fiscal year ended 2025-12-31, International Business Machines Corporation earned about 32 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 26 cents per dollar of everything the company owns. Leverage: it owed about 78 cents per dollar of asset
Industry position (present, graded 8.1 of 10, weighs 33% of the present): International Business Machines Corporation's standing among 63 graded names in its industry family: revenue of $68 billion in fiscal 2025 ranks in the top 1% by size; a net margin of 15.7% ranks in the top 12%; revenue growth of 3.7% a year over the last 3 filed years ranks in the top 45% (its annual reports).
Leadership (present, graded 7.2 of 10, weighs 22% of the present): International Business Machines Corporation's leadership, from its insiders' filings and its current reports: the chief executive on the record is Krishna, Arvind (Chairman, President & CEO, as filed), filing under that title since 2020-04-10, 6.5 years (top 40% of its family); the 20 officers and directors filing in the last fifte
Room to expand (future, graded 7.2 of 10, weighs 45% of the future): International Business Machines Corporation's room to grow, from the newest filed statements (fiscal 2025): cash of $14 billion against debt of $55 billion leaves -27.2% of its assets as net cash, bottom 16% of its family; cash from operations less capital spending is 17.9% of revenue (top 12%); a gross margin of 58.2% (top 6%);
Growth drivers (future, graded 6.0 of 10, weighs 33% of the future): International Business Machines Corporation's growth drivers, from the filed years to fiscal 2025: revenue grew 3.7% a year over the last three filed years against -1.9% over all 10, speeding up (top 21% of its family); the newest year grew 7.6% (top 36%); research spending grew 8.2% a year (top 35%); capital spending grew -6.8%
International Business Machines Corporation reported 3 product lines in fiscal 2025: Product at $36 billion (53%), Technology Service at $31 billion (46%), Financial Service at $737 million (1%); 3 of 3 grew against the year before (its annual report).
- IBM: the company filethis site's record
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Headline grade 6.1 of 10; the arc reads past 5.2, present 6.3, future 6.8; 9 of 9 metrics read as filed.
In its latest annual figures on file, for the fiscal year ended 2025-12-31, it reported revenue of $68 billion and a profit of $11 billion (its filed statements).
Where the revenue comes from, fiscal 2025, as tagged in its annual report (Form 10-K, filed 2026-02-24): product and service lines: Product 53%, Technology Service 46%, Financial Service 1%; by geography: Americas 49%, EMEA 33%, Asia Pacific 18%.
- IBM: the filing record, ten yearsa filing
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Deadline ahead: Quarterly report (Form 10-Q) for the quarter ending 2026-09-30 is due by 2026-11-09; large accelerated filers have 40 days after the quarter ends; quarter ends are taken to the month end.
Deadline ahead: Annual report (Form 10-K) for the fiscal year ending 2026-12-31 is due by 2027-03-01; large accelerated filers have 60 days after the fiscal year ends.
2026-10-01: Form 8-K, Current report (Officer or director change, item 5.02; Charter, bylaw or fiscal-year change, item 5.03).