Information Technology · IT Consulting & Other Services
IBM: revenue, profit and dividends
In fiscal 2025, IBM had revenue of $67.5B, down 1.9% a year on average since 2015, and net income of $10.6B (15.7% of revenue). Its dividend per share has gone up 13 years in a row, to $6.71.
Revenue, fiscal 2025
average annual revenue growth since 2015 · +7.6% vs 2024
- Ticker
- IBM · NYSE
- Sector
- Information Technology
- Sub-industry
- IT Consulting & Other Services
- Headquarters
- Armonk, New York
- Founded
- 1911
- In the S&P 500 since
- March 4, 1957, the index’s first day
- Latest fiscal year
- 2025, ended December 31, 2025
- SEC filer
- International Business Machines Corp · CIK 0000051143
Revenue and net income
Revenue went from $98.8B in 2007 to $67.5B in 2025.
Diluted earnings per share
Diluted EPS went from $7.15 in 2007 to $11.17 in 2025. Ten-year growth: −1.8% a year.
Dividends per share
Raised 13 years in a row, every year from 2013 to 2025. Ten-year growth: 3.0% a year.
Shares outstanding
3.5% fewer shares in 2025 than in 2015 (983M → 949M): buybacks outweighed new shares.
Operating cash flow, capex and free cash flow
Free cash flow (operating cash flow minus capital expenditure) was $12.1B in 2025, 17.9% of revenue.
The chart data could not be loaded. The table below has the same figures.
Year by year
| Fiscal year | Revenue | Net income | Net margin | Diluted EPS | Dividend | Shares | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $67.5B | $10.6B | 15.7% | $11.17 | $6.71 | 949M | $13.2B | $1.09B | $12.1B |
| 2024 | $62.8B | $6.02B | 9.6% | $6.43 | $6.67 | 937M | $13.4B | $1.05B | $12.4B |
| 2023 | $61.9B | $7.5B | 12.1% | $8.14 | $6.63 | 922M | $13.9B | $1.25B | $12.7B |
| 2022 | $60.5B | $1.64B | 2.7% | $1.80 | $6.59 | 912M | $10.4B | $1.35B | $9.09B |
| 2021 | $57.4B | $5.74B | 10.0% | $6.35 | $6.55 | 905M | $12.8B | $2.06B | $10.7B |
| 2020 | $55.2B | $5.59B | 10.1% | $6.23 | $6.51 | 897M | $18.2B | $2.62B | $15.6B |
| 2019 | $57.7B | $9.43B | 16.3% | $10.56 | $6.43 | 893M | $14.8B | $2.29B | $12.5B |
| 2018 | $79.6B | $8.73B | 11.0% | $9.52 | $6.21 | 916M | $15.2B | $3.4B | $11.9B |
| 2017 | $79.1B | $5.75B | 7.3% | $6.14 | $5.90 | 937M | $16.7B | $3.23B | $13.5B |
| 2016 | $79.9B | $11.9B | 14.9% | $12.38 | $5.50 | 959M | $17.1B | $3.57B | $13.5B |
| 2015 | $81.7B | $13.2B | 16.1% | $13.42 | $5.00* | 983M | $17.3B | $3.58B | $13.7B |
| 2014 | $92.8B | $12B | 13.0% | $11.90 | $4.25* | 1.01B | $16.9B | $3.74B | $13.1B |
| 2013 | $98.4B | $16.5B | 16.8% | $14.94 | $3.70* | 1.1B | $17.5B | $3.62B | $13.9B |
| 2012 | $103B | $16.6B | 16.1% | $14.37 | $3.30* | 1.16B | $19.6B | $4.08B | $15.5B |
| 2011 | $107B | $15.9B | 14.8% | $13.06 | — | 1.21B | $19.8B | $4.11B | $15.7B |
| 2010 | $99.9B | $14.8B | 14.9% | $11.52 | — | 1.29B | $19.5B | $4.18B | $15.4B |
| 2009 | $95.8B | $13.4B | 14.0% | $10.01 | — | 1.34B | $20.8B | $3.45B | $17.3B |
| 2008 | $104B | $12.3B | 11.9% | $8.89 | — | 1.39B | $18.8B | $4.17B | $14.6B |
| 2007 | $98.8B | $10.4B | 10.5% | $7.15 | — | 1.46B | $16.1B | $4.63B | $11.5B |
Fiscal years, labelled by the year in which they end. US dollars; per-share figures and share counts adjusted for splits. —: not in the data. * added up from quarterly reports.
About these figures
- Dividends per share for 2012–2015 are added up from the quarterly reports.
- Older years are as filed at the time and may predate later restatements, mergers or spin-offs. How the figures are made.
Other IT Consulting & Other Services companies
Source: SEC EDGAR (company filings), data as of November 8, 2026. Sectors, sub-industries, headquarters and index dates: Wikipedia, CC BY-SA 4.0.