International Business Machines Corporation (IBM) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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IBM Revenue Growth
Revenue Breakdown (FY 2025)
IBM's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
IBM Revenue Analysis (2014–2025)
As of May 6, 2026, International Business Machines Corporation (IBM) generated trailing twelve-month (TTM) revenue of $68.91 billion, reflecting solid growth of +9.5% year-over-year. The most recent quarter (Q1 2026) recorded $15.92 billion in revenue, down 19.1% sequentially.
Looking at the longer-term picture, IBM's 5-year compound annual growth rate (CAGR) stands at +4.1%, indicating moderate growth over time. The company achieved its highest annual revenue of $92.79 billion in 2014.
Revenue diversification analysis shows IBM's business is primarily driven by Software (44%), Consulting (31%), and Infrastructure Services (23%).
When compared to Technology sector peers including ACN (+7.3% YoY), HPE (+14.9% YoY), and DXC (-1.9% YoY), IBM has underperformed the peer group in terms of revenue growth. Compare IBM vs ACN →
IBM Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| IBMCurrent | $68.9B | +9.5% | +4.1% | 15.3% | |
 ACN | $69.7B | +7.3% | +9.5% | 14.7% | |
 HPE | $34.3B | +14.9% | +4.9% | 4.8% | |
 DXC | $12.9B | -1.9% | -8.0% | 5.4% | |
 CTSH | $21.1B | +6.5% | +4.9% | 16.7% | |
 INFY | $19.3B | +3.8% | +8.6% | 21.1% |
IBM Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $67.53B | +7.6% | $40.19B | 59.5% | $10.32B | 15.3% |
| 2024 | $62.75B | +1.4% | $35.55B | 56.7% | $10.07B | 16.1% |
| 2023 | $61.86B | +2.2% | $34.30B | 55.4% | $9.82B | 15.9% |
| 2022 | $60.53B | +5.5% | $32.69B | 54.0% | $8.17B | 13.5% |
| 2021 | $57.35B | +3.9% | $31.49B | 54.9% | $6.87B | 12.0% |
| 2020 | $55.18B | -4.4% | $30.86B | 55.9% | $4.66B | 8.4% |
| 2019 | $57.71B | -27.5% | $31.53B | 54.6% | $7.54B | 13.1% |
| 2018 | $79.59B | +0.6% | $36.94B | 46.4% | $13.22B | 16.6% |
| 2017 | $79.14B | -1.0% | $36.94B | 46.7% | $13.14B | 16.6% |
| 2016 | $79.92B | -2.2% | $38.52B | 48.2% | $14.68B | 18.4% |
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Start ComparisonIBM — Frequently Asked Questions
Quick answers to the most common questions about buying IBM stock.
Is IBM's revenue growth accelerating or slowing?
IBM maintains +9.5% revenue growth, in line with its 5-year CAGR of +4.1%. TTM revenue stands at $68.9B. Growth rate remains consistent with historical average.
What is IBM's long-term revenue growth rate?
International Business Machines Corporation's 5-year revenue CAGR of +4.1% reflects the sustained expansion pattern. Current YoY growth of +9.5% is near this long-term average.
How is IBM's revenue distributed by segment?
IBM reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.