IBM
International Business Machines
NYSE: IBM · TECHNOLOGY · INFORMATION TECHNOLOGY SERVICES
$230.98
+1.71% today
Updated 2026-04-30
Market cap
$213.45B
P/E ratio
20.08
P/S ratio
3.10x
EPS (TTM)
$11.31
Dividend yield
2.88%
52W range
$221 – $323
Volume
6.4M
International Business Machines (IBM) Financial statements
SEC filings — annual and quarterly data.
Cash flow — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $15.02B | $16.09B | $18.81B | $20.77B | $19.55B | $19.85B | $19.59B | $17.48B | $16.87B | $17.25B | $17.08B | $16.72B | $15.25B | $14.77B | $18.20B | $12.80B | $10.44B | $13.43B | $13.45B | $13.19B |
| Capital expenditures | $5.17B | $5.50B | $4.89B | $4.08B | $4.75B | $4.67B | $4.72B | $4.14B | $4.18B | $4.15B | $4.15B | $3.77B | $3.96B | $2.91B | $3.04B | $2.38B | $1.86B | $1.92B | $1.69B | $1.62B |
| Depreciation | $4.98B | $5.20B | $5.45B | $4.99B | $4.83B | $4.82B | $4.68B | $4.68B | $4.49B | $3.85B | $4.38B | $4.54B | $4.48B | $6.06B | $6.70B | $6.42B | $4.80B | $4.38B | $4.67B | $5.02B |
| Stock-based comp | $846.00M | $713.00M | $659.00M | $558.00M | $629.00M | $697.00M | $688.00M | $614.00M | $512.00M | $468.00M | $544.00M | $534.00M | $510.00M | $679.00M | $937.00M | $982.00M | $987.00M | $1.09B | $1.31B | $1.72B |
| Free cash flow | $9.85B | $10.58B | $13.93B | $16.70B | $14.79B | $15.18B | $14.87B | $13.35B | $12.69B | $13.10B | $12.93B | $12.95B | $11.28B | $11.86B | $15.15B | $10.41B | $8.57B | $11.51B | $11.76B | $11.57B |
| Investing cash flow | $-11.55B | $-4.67B | $-9.29B | $-6.73B | $-8.51B | $-4.40B | $-9.00B | $-7.30B | $-3.00B | $-8.20B | $-10.54B | $-7.10B | $-4.91B | $-26.94B | $-3.03B | $-5.97B | $-4.20B | $-7.07B | $-4.94B | $-10.30B |
| Financing cash flow | $-8.20B | $-4.74B | $-11.83B | $-14.70B | $-12.43B | $-13.70B | $-11.98B | $-9.88B | $-15.45B | $-9.41B | $-5.92B | $-6.42B | $-10.47B | $9.04B | $-9.72B | $-13.35B | $-4.96B | $-6.02B | $-7.08B | $-3.83B |
| Dividends paid | $1.68B | $2.15B | $2.58B | $2.86B | $3.18B | $3.47B | $3.77B | $4.10B | $4.30B | $4.90B | $5.26B | $5.51B | $5.67B | $5.71B | $5.80B | $5.87B | $5.95B | $6.02B | $6.15B | $6.25B |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Debt repayment | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net change in cash | — | — | — | $-558.00M | $-1.52B | $1.26B | $-1.51B | $304.00M | $-2.24B | $-790.00M | $140.00M | $4.15B | $-135.00M | $-3.12B | $5.45B | $-6.53B | — | — | — | — |