IBM
Software, consulting and infrastructure · United States
IBM sells hybrid cloud and AI software such as Red Hat, mainframes and servers, and the consulting that puts them to work for large organisations.
What makes it different
IBM has paid a dividend every year since 1916.
110Years in a row with a dividendQ2 2026
A century-long payout record shows how steadily its core business has produced cash.
How big it is
How big is IBM?
$67.5BTotal revenueFY2025
$7.3BHybrid cloud revenueFY2025
$71BContracted backlog2025
How it makes money FY2025
Software leads; consulting and systems follow.
- Software44%$30.0B
- Consulting31%$21.1B
- Infrastructure23%$15.7B
- Financing1%$737M
How the business works
Run core systems. Sell software around them.
- 1Mission-critical mainframes
- 2Red Hat and AI software
- 3Consulting to deploy it
Systems that clients cannot easily replace keep them close, and software on top is the highest-margin part.
Who owns it
- The Vanguard Group10.03%
- BlackRock, Inc.8.3%
- State Street Corporation6.03%
CEO: Arvind Krishna
Who it competes with
AmazonKey moments
- 1911Computing-Tabulating-Recording Company is formed
- 1964IBM introduces System/360
- 1981IBM launches the Personal Computer
- 1993Louis Gerstner becomes CEO
- 1997Deep Blue beats the world chess champion
Sources
Every number on this page comes from IBM's own reports.
Full profile
The rest of the story is in the app.
What IBM tracks21 metrics
Consulting book-to-bill
R&D ratio
RPO to be recognised within two years
Results, quarter by quarterwith a chart
Revenue
Profit
Margin
Where the money comes from3 regions
Americas
Europe, Middle East and Africa
Asia Pacific
The full timeline16 moments
1924
2025
2026
IBM vs Microsoftside by side
Revenue
Profit
People
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