NYSE: IBM
International Business Machines Corporation
Technology · Information Technology Services
After hours: $216.03(-0.12%) · as of 6:40 PM ET
Market Cap
$203.76B
52w High
$332.46
52w Low
$199.19
P/E
19.21
Volume
7.33M
Outstanding Shares
942.13M
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock fell 17.83% over the last year. Revenue grew 7.9% over the trailing twelve months. Operating margin moved from 17.07% to 17.86%. Free cash flow grew 23.5% over the trailing twelve months.
What the market seems to be pricing
Visible fundamentals weakened far less than the stock price. The market appears to be discounting durability, risk, or trust rather than just the latest reported numbers.
What would invalidate this read
This read changes if operating margin (currently 17.86%) continues to decline, or if revenue growth turns negative. The bull case requires the business to hold its current trajectory.
Company profile
International Business Machines Corporation (IBM) delivers comprehensive technology solutions and services across the globe.
Valuation
Stock splits
Every 500 shares became 523
Every 1 shares became 2
Every 1 shares became 2
Every 1 shares became 4
Every 4 shares became 5
Every 1 shares became 2
Every 2 shares became 3
Every 4 shares became 5
Profitability & growth
Analyst consensus
24
Buy
22
Hold
5
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Oct 21, 2026
Q4 FY26 · EPS est $2.89 · Revenue est $16.85B
View
Dividends
$6.74/shareQuarterlyDividend Aristocrat · 32yrEx-div Aug 10, 2026 · in 14dSafeIBM pays a dividend with a 3.12% declared yield, 32 consecutive years of growth, growing at 1.51% annually, covered 1.9× by free cash flow.
Declared Yield
3.12%
Annual Div / Share
$6.74
5yr CAGR
+1.51%
Doubles every ~46.2yr
Payout Ratio
58.83%
Safe
Dividend Growth Rate
3yr CAGR
+0.6%
5yr CAGR
+1.51%
10yr CAGR
+2.7%
Dividend History
Annualized dividend cycles per share
Income Projection
Today
$3/mo
In 5 yrs
$3/mo
In 10 yrs
$3/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$31/yr $3/mo | $34/yr+8% $3/mo | $36/yr+16% $3/mo |
Yield-on-cost grows from 3.12% → 3.62% over 10yr
Analysis
Dividend Strengths
Dividend Aristocrat
IBM has raised its dividend for 32 consecutive years — qualifying as a Dividend Aristocrat, demonstrating long-term commitment to shareholder income.
Well-covered by free cash flow
The dividend is covered 1.9× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Risks to Watch
No strong risk signal stands out from the latest period pair.