← Research LibraryThe BriefFY2025 10-K · headline figures audited against SEC data
IBM's FY2025 improvement was cash-backed: hybrid cloud and AI remain the strategy, dividends were covered, and the available segment rows are not forced into a full bridge.
The read at a glance✓ Audited against SEC data
- Growth — $67.53B revenue, up from $62.75BOK
- Profitability — $10.59B net income and $12.10B FCFOK
- Balance sheet — Cash/debt N/ANote
- Accounting quality — No Z score; no Beneish flag; earnings quality safeOK
- Capital allocation — $12.10B FCF covered $6.25B dividends; repurchases N/AOK
- Portfolio — Software, Consulting, Infrastructure and Financing are described, but no full segment bridge is shownNote
Business
IBM sells enterprise technology across Software, Consulting, Infrastructure and Financing. The filing frames the strategy around hybrid cloud, AI, enterprise relationships, services depth and future opportunities such as quantum computing.
Where the revenue comes from
Fiscal 2025, as INTERNATIONAL BUSINESS MACHINES CORP reports it. History and quarterly detail are in the app.
- Software$30.0B
- Consulting$21.1B
- Infrastructure$15.7B
Leadership changes
From INTERNATIONAL BUSINESS MACHINES CORP's own filings, the day they're filed.
- Ramon Laguarta · Chief Executive Officer · appointmenteff. 2026-03-01
- Michelle H. Browdy · President · departureeff. 2024-01-29
- Marianne C. Brown · Chief Operating Officer · appointmenteff. 2023-12-12
Latest filings
- 8-K · Company announcement2026-08-14
- 10-Q · Quarterly report2026-07-23
- 8-K · Company announcement2026-07-22
- 8-K · Company announcement2026-07-14
- 8-K · Company announcement2026-06-23
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about INTERNATIONAL BUSINESS MACHINES CORP, every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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