IBM · NYQ S&P 500

International Business Machines Corporation

Technology · Information Technology Services

$244.53 +$0.11 (+0.05%) today

Closing price on Nov 10, 2026 · Source: Yahoo Finance

Consensus of 25 analysts

Hold

Median price target $265.00 +8.4%

Open: $244.38
Day range: 242.70 – $246.00
52-week range: 199.19 – $332.46
Volume: 2,889,884
Market cap: $231,110M
P/E (TTM): 20.9x
EPS (TTM): $11.72
EPS est. 2026: $12.42
P/E est. 2026: 19.7x
Dividend yield: 2.8%
Beta: 0.76
Payout: 58%

IBM financials

Q3 2026 results, quarter ended Sep 30, 2026

Metric	Q3 2026	1-year change
Total revenue	$17,104M	+4.7%
Net income	$2,189M	+25.5%
Earnings per share	$2.30	+25.0%
Net margin	12.8%	+2.1 pp
Free cash flow	$3,539M	+32.8%
Debt / equity	1.89	−20.8%

Revenue and net income ($M)

Total revenueNet income

Quarter	Total revenue	Net income
Q3 2025	$16,331M	$1,744M
Q4 2025	$19,687M	$5,600M
Q1 2026	$15,917M	$1,216M
Q2 2026	$17,162M	$2,165M
Q3 2026	$17,104M	$2,189M

IBM earnings per share (EPS)

Consensus estimates

Period	EPS est.	1-year change
Current quarterQ4 2026 · Analysts: 19	$4.6264.50 – 4.78	+2.3%$4.520
Next quarterQ1 2027 · Analysts: 15	$2.1471.87 – 2.47	+12.4%$1.910
Current year2026 · Analysts: 23	$12.41912.30 – 12.57	+7.2%$11.590
Next year2027 · Analysts: 24	$13.23412.30 – 13.67	+6.6%$12.419

Forward P/E: 19.7x (2026) and 18.5x (2027) at the current price.

Actual and estimated EPS ($)

Actual EPSEstimated EPS

Quarter	Actual EPS	Estimated EPS
Q3 2025	$1.840	—
Q4 2025	$4.520	$4.292
Q1 2026	$1.910	$1.811
Q2 2026	$2.930	$2.933
Q3 2026	$2.950	$2.872
Q4 2026	—	$4.626
Q1 2027	—	$2.147

Year	Actual EPS	Estimated EPS
2022	$1.800	—
2023	$8.140	—
2024	$6.430	—
2025	$11.170	—
2026	—	$12.419
2027	—	$13.234

EPS trend

Quarter	EPS	YoY change
Q1 2027Estimated	$2.147	+12.4%
Q4 2026Estimated	$4.626	+2.3%
Q3 2026	$2.950est. $2.872 · surprise +2.7%	+60.3%
Q2 2026	$2.930est. $2.933 · surprise −0.1%	n/a
Q1 2026	$1.910est. $1.811 · surprise +5.5%	n/a
Q4 2025	$4.520est. $4.292 · surprise +5.3%	n/a
Q3 2025	$1.840	n/a

Year	EPS	Annual change
2027Estimated	$13.234	+6.6%
2026Estimated	$12.419	+11.2%
2025	$11.170	+73.7%
2024	$6.430	−21.0%
2023	$8.140	+352.2%
2022	$1.800	n/a

Normalised EPS according to the analyst consensus collected by Yahoo Finance; it may differ from the reported EPS in the results table.

IBM dividend

Yield and payments

Dividend yield (TTM)	2.8%
Forward yield (next 12m)	2.8%
Dividend per share (TTM)	$6.74
Forward dividend (next 12m)	$6.76
Payout (TTM)	58%
Last dividend	$1.69Nov 10, 2026
Next ex-dividend date	n/a

Dividend per share by year ($)

PaidEstimated

Year	Dividend per share
2019	$6.15
2020	$6.22
2021	$6.33
2022	$6.59
2023	$6.63
2024	$6.67
2025	$6.71
est. 12m	$6.76

IBM forecasts

25 analyst ratings

Buy48% Hold44% Sell8%

Consensus: Hold · 12 buy, 11 hold, 2 sell

1-year price forecast

Share price Price target (high, median, low)

12-month price targets
Target	Price	Upside
High	$300.00	+22.7%
Median	$265.00	+8.4%
Low	$174.00	−28.8%

Monthly close (last 12 months)
Date	Close
Nov 28, 2025	$308.58
Dec 31, 2025	$296.21
Jan 30, 2026	$306.70
Feb 27, 2026	$240.21
Mar 31, 2026	$242.39
Apr 30, 2026	$230.98
May 29, 2026	$297.80
Jun 30, 2026	$281.21
Jul 31, 2026	$223.65
Aug 31, 2026	$233.87
Sep 30, 2026	$219.93
Oct 30, 2026	$257.81
Nov 10, 2026	$244.53

IBM peers

Ticker	Company	Market cap ($M)	P/E	Price ($)	1-day change	52-week range
IBM	IBM	231,110	20.9x	244.53	+0.05%	199.19332.46
ACN	Accenture	152,712	19.1x	258.51	+1.63%	118.15291.09
CTSH	Cognizant	29,057	11.9x	65.00	+2.20%	37.0887.03
BR	Broadridge Financial Solutions	21,825	21.4x	192.96	+0.32%	133.83233.10
CDW	CDW	21,138	19.8x	169.36	+2.89%	97.12172.47
LDOS	Leidos	16,743	12.3x	137.24	+1.09%	98.86205.00