International Business Machines Corporation
$210.57-2.10Market Cap
$224.6B
Global Rank
#68
All-Time High
$287.7B
2026-07-07
Total Growth
+0%
since 2026
Market Cap Context
- Larger than 81% of the 367 companies we track (globally).
- Equivalent to 0.7% of United States's GDP (2025 data).
- Just above: #67 CrowdStrike Holdings, Inc. ($226.0B)
- Just below: #69 Amgen Inc. ($224.1B)
- Best year: 1998 (+77%). Worst year: 2002 (-35%).
International Business Machines Corporation Financial Breakdown (FY 2025)
Source: Yahoo Finance โ IBM annual filings (2025) โ$67.5B revenue ยท $12.5B operating income ยท $10.6B net income
- โOperating margin: 18.5% on $67.5B in revenue.
- โR&D is 12.3% of revenue ($8.3B).
- โNet income margin: 15.7% โ $10.6B in profit.
- โFree cash flow: $11.5B (17.0% of revenue).
Cost / Operating Expenses
Total operating expenses $55.0B
Total
$54.7B
Capital Expenditures
$1.7B
This fiscal year (near-total AI infrastructure buildout)
Free Cash Flow
$11.5B
Trailing twelve months
Figures rounded from the annual SEC filing. Unaudited. For informational purposes only, not investment advice.
Fundamentals (TTM)
Data: Financial Modeling PrepP/E
โ
EPS
โ
Net margin
โ
ROE
โ
Dividend yield
โ
Debt / Equity
โ
About International Business Machines Corporation
International Business Machines Corporation, doing business as IBM, is an American multinational technology company headquartered in Armonk, New York, and present in over 175 countries. It is a publicly traded company and one of the 30 companies in the Dow Jones Industrial Average. IBM is the largest industrial research organization in the world, with 19 research facilities across a dozen countries; for 29 consecutive years, from 1993 to 2021, it held the record for most annual U.S. patents generated by a business.
International Business Machines Corporation Market Cap History (2026โ2026)
International Business Machines Corporation vs Sector Peers by Market Cap
Compare International Business Machines Corporation
Ranking History
| Year | Market Cap | Rank | YoY Change |
|---|---|---|---|
| 2026 | $224.6B | #68(โ22) | -18.3% |
| 2025 | $274.8B | #46 | +38.2% |
| 2024 | $198.8B | #46(โ25) | +39.3% |
| 2023 | $142.7B | #71(โ3) | +21.8% |
| 2022 | $117.2B | #74(โ19) | +10.6% |
| 2021 | $105.9B | #93 | +16.7% |
| 2020 | $90.8B | #93(โ17) | -1.2% |
| 2019 | $91.8B | #76(โ10) | +23.6% |
| 2018 | $74.3B | #66(โ17) | -22.6% |
| 2017 | $96.0B | #49(โ14) | -4.0% |
| 2016 | $100.0B | #35(โ7) | +25.2% |
| 2015 | $79.8B | #42(โ8) | -11.4% |
| 2014 | $90.1B | #34(โ13) | -12.4% |
| 2013 | $102.9B | #21(โ8) | -0.2% |
| 2012 | $103.0B | #13(โ2) | +5.9% |
| 2011 | $97.3B | #11(โ7) | +27.4% |
| 2010 | $76.4B | #18(โ2) | +14.3% |
| 2009 | $66.8B | #20(โ5) | +58.6% |
| 2008 | $42.1B | #25(โ9) | -20.8% |
| 2007 | $53.2B | #34(โ2) | +12.8% |
| 2006 | $47.1B | #36(โ2) | +19.8% |
| 2005 | $39.3B | #34(โ13) | -15.8% |
| 2004 | $46.7B | #21(โ1) | +7.2% |
| 2003 | $43.6B | #22(โ1) | +20.5% |
| 2002 | $36.2B | #21(โ8) | -35.5% |
| 2001 | $56.1B | #13(โ22) | +43.0% |
| 2000 | $39.2B | #35(โ13) | -20.8% |
| 1999 | $49.5B | #22(โ2) | +17.6% |
| 1998 | $42.1B | #24(โ7) | +77.5% |
| 1997 | $23.7B | #31(โ1) | +39.3% |
| 1996 | $17.0B | #32(โ5) | +67.7% |
| 1995 | $10.2B | #37(โ10) | +25.7% |
| 1994 | $8.1B | #27 |
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FAQ
What is International Business Machines Corporation's market cap?
International Business Machines Corporation (IBM) has a market capitalization of $224.6B, making it the #68 largest company in the world by market cap.
What was International Business Machines Corporation's highest market cap?
International Business Machines Corporation's all-time high market cap was $287.7B, reached in 2026-07-07. Its highest rank was #46 in 2025.
What sector is International Business Machines Corporation in?
International Business Machines Corporation is in the Technology sector, specifically the Information Technology Services industry. It is based in United States.
How has International Business Machines Corporation's market cap changed over time?
International Business Machines Corporation has been tracked since 2026. Its market cap has grown by 0% from $224.6B in 2026 to $224.6B today.