IBM.F
International Business Machines Corporation
FrankfurtEUREQUITY
Technology
DELAYED
Last price
202.45
▼ 0.40 (0.20%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
Lower pane
Tool
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
199.66
Prev close
202.85
Day high
203.05
Day low
199.66
Volume
1.60K
Market cap
$190.74B
P/E (TTM)
21.00
52W range
175.40 – 292.70
Day trading desk
Gap from prior close
-1.57%
Prior close 202.85
VWAP
200.57
+0.94% from price
Relative volume
0.44×
Quiet session
Session range
1.70%
199.66 – 203.05
Position in range
82%
Near session high
ATR (14D)
4.59
2.27% of price
Prior day high
203.40
PDH
Prior day low
201.40
PDL
Bid / ask spread
—
Quote not published
Session volume
1.60K
Avg 3.61K
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
-0.49%
+0.9%
1M
+12.47%
+8.7%
3M
-6.51%
-9.6%
6M
+7.01%
-4.1%
YTD
-22.07%
-34.4%
1Y
-2.10%
-22.1%
3Y
+50.41%
-23.8%
5Y
+80.28%
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on IBM.F open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
1.02M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Jul 1, 26 | ROBINSON ANNE Officer |
— | 7.29K | — | Direct |
| Jun 4, 26 | FEHRING NICOLAS A. Officer |
STOCK | 400 | $0 | Direct |
| Feb 25, 26 | HOWARD MICHELLE J. Director |
BUY | 50 | $11.89K | Direct |
| Feb 25, 26 | MIEBACH MICHAEL Director |
BUY | 434 | $101.26K | Direct |
| Feb 20, 26 | FEHRING NICOLAS A. Officer |
— | 1.57K | — | Direct |
| Feb 20, 26 | THOMAS ROBERT DAVID Officer |
— | 8.41K | — | Direct |
| Feb 20, 26 | LAMOREAUX NICKLE JACLYN Officer |
— | 4.39K | — | Direct |
| Feb 20, 26 | COHN GARY D Officer |
— | 7.58K | — | Direct |
| Feb 20, 26 | KAVANAUGH JAMES J. Chief Financial Officer |
— | 9.83K | — | Direct |
| Feb 20, 26 | KRISHNA ARVIND Chief Executive Officer |
— | 16.90K | — | Direct |
| Feb 18, 26 | FEHRING NICOLAS A. Officer |
— | 696 | — | Direct |
| Feb 18, 26 | THOMAS ROBERT DAVID Officer |
— | 2.55K | — | Direct |
| Feb 18, 26 | ROBINSON ANNE Officer |
— | 1.72K | — | Direct |
| Feb 18, 26 | LAMOREAUX NICKLE JACLYN Officer |
— | 1.59K | — | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
COHN GARY D |
Officer | 110.59K | Conversion of Exercise of derivative security |
FARR DAVID N |
Director | 9.26K | Purchase |
FEHRING NICOLAS A. |
Officer | 16.58K | Stock Gift |
KAVANAUGH JAMES J. |
Chief Financial Officer | 175.39K | Conversion of Exercise of derivative security |
KRISHNA ARVIND |
Chief Executive Officer | 371.89K | Conversion of Exercise of derivative security |
LAMOREAUX NICKLE JACLYN |
Officer | 56.76K | Conversion of Exercise of derivative security |
MIEBACH MICHAEL |
Director | 434 | Purchase |
ROBINSON ANNE |
Officer | 13.65K | Conversion of Exercise of derivative security |
THOMAS ROBERT DAVID |
Officer | 72.80K | Conversion of Exercise of derivative security |
ZOLLAR ALFRED W |
Director | 936 | Purchase |
Fundamentals
Market cap$190.74B
Enterprise value$247.96B
Revenue (TTM)$69.09B
Gross profit$40.14B
EBITDA$16.47B
Net income$10.71B
EPS (TTM)$9.64
Free cash flow$12.05B
Total cash$8.13B
Total debt$65.27B
Book value / share$31.29
Shares outstanding942.13M
Float940.17M
Short % of float—
Dividend yield2.89%
Beta (5Y)0.71
Valuation & profitability ratios
Trailing P/E21.00
Forward P/E—
PEG ratio2.42
Price / sales—
Price / book6.47
EV / revenue3.59
EV / EBITDA15.05
Gross margin58.10%
Operating margin16.55%
Profit margin15.52%
Return on equity34.46%
Return on assets5.30%
Debt / equity188.97
Current ratio0.79
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $67.54B | $62.75B | $61.86B | $60.53B | +7.6% |
| Operating revenue | $67.54B | $62.75B | $61.86B | $60.53B | +7.6% |
| Cost of revenue | $28.24B | $27.20B | $27.56B | $27.84B | +3.8% |
| Gross profit | $39.30B | $35.55B | $34.30B | $32.69B | +10.5% |
| Research & development | $8.32B | $7.48B | $6.78B | $6.57B | +11.2% |
| Selling, general & admin | $18.14B | $17.91B | $19.00B | $18.61B | +1.3% |
| Total operating expense | $26.80B | $25.48B | $24.92B | $24.51B | +5.2% |
| Operating income | $12.49B | $10.07B | $9.38B | $8.17B | +24.0% |
| Net interest income | -$1.29B | -$965.00M | -$937.00M | -$1.05B | -33.7% |
| Pre-tax income | $10.33B | $5.80B | $8.69B | $1.16B | +78.2% |
| Tax provision | -$242.00M | -$218.00M | $1.18B | -$626.00M | -11.0% |
| Net income | $10.59B | $6.02B | $7.50B | $1.64B | +75.9% |
| Net income to common | $10.59B | $6.02B | $7.50B | $1.64B | +75.9% |
| Basic EPS | 11.36 | 6.53 | 8.23 | 1.82 | +74.0% |
| Diluted EPS | 11.17 | 6.43 | 8.14 | 1.80 | +73.7% |
| EBIT | $12.26B | $7.51B | $10.30B | $2.37B | +63.3% |
| EBITDA | $17.28B | $12.18B | $14.69B | $7.17B | +42.0% |
| Basic shares | 932.30M | 921.80M | 911.20M | 902.70M | +1.1% |
| Diluted shares | 948.70M | 937.20M | 922.10M | 912.30M | +1.2% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $13.59B | $13.95B | $13.07B | $7.89B | -2.6% |
| Cash & short-term investments | $14.42B | $14.59B | $13.44B | $8.74B | -1.2% |
| Accounts receivable | $8.11B | $6.80B | $7.21B | $6.54B | +19.2% |
| Inventory | $1.22B | $1.29B | $1.16B | $1.55B | -5.4% |
| Total current assets | $36.94B | $34.48B | $32.91B | $29.12B | +7.1% |
| Property, plant & equipment | $9.03B | $8.93B | $8.72B | $8.21B | +1.1% |
| Goodwill & intangibles | $79.11B | $71.37B | $71.21B | $67.13B | +10.8% |
| Total assets | $151.88B | $137.18B | $135.24B | $127.24B | +10.7% |
| Total current liabilities | $38.66B | $33.14B | $34.12B | $31.50B | +16.6% |
| Current debt | $6.42B | $5.09B | $6.43B | $4.76B | +26.2% |
| Long-term debt | $54.84B | $49.88B | $50.12B | $46.19B | +9.9% |
| Total debt | $64.61B | $58.40B | $59.94B | $54.01B | +10.6% |
| Total liabilities | $119.14B | $109.78B | $112.63B | $105.22B | +8.5% |
| Retained earnings | $155.65B | $151.16B | $151.28B | $149.82B | +3.0% |
| Shareholder equity | $32.65B | $27.31B | $22.53B | $21.94B | +19.6% |
| Working capital | -$1.71B | $1.34B | -$1.21B | -$2.39B | -227.9% |
| Net tangible assets | -$46.46B | -$44.06B | -$48.68B | -$45.19B | -5.4% |
| Shares issued | 2.29B | 2.28B | 2.27B | 2.26B | +0.5% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $10.59B | $6.02B | $7.50B | $1.64B | +75.9% |
| Depreciation & amortisation | $5.02B | $4.67B | $4.40B | $4.80B | +7.6% |
| Stock-based compensation | $1.72B | $1.31B | $1.13B | $987.00M | +30.8% |
| Change in working capital | -$3.14B | $1.31B | $2.18B | $202.00M | -339.1% |
| Operating cash flow | $13.19B | $13.45B | $13.93B | $10.44B | -1.9% |
| Capital expenditure | -$1.74B | -$1.69B | -$1.81B | -$1.97B | -3.1% |
| Investing cash flow | -$10.30B | -$4.94B | -$7.07B | -$4.20B | -108.7% |
| Share buybacks | -$1.02B | -$651.00M | -$402.00M | -$407.00M | -56.4% |
| Dividends paid | -$6.25B | -$6.15B | -$6.04B | -$5.95B | -1.8% |
| Financing cash flow | -$3.83B | -$7.08B | -$1.77B | -$4.96B | +45.9% |
| Free cash flow | $11.46B | $11.76B | $12.12B | $8.46B | -2.6% |
| End cash position | $13.64B | $14.16B | $13.09B | $7.99B | -3.7% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | $17.16B | $15.92B | $19.69B | $16.33B | $16.98B | — | +7.8% |
| Operating revenue | $17.16B | $15.92B | $19.69B | $16.33B | $16.98B | — | +7.8% |
| Cost of revenue | $7.25B | $6.97B | $7.76B | $6.97B | $7.00B | — | +4.1% |
| Gross profit | $9.91B | $8.95B | $11.93B | $9.36B | $9.98B | — | +10.7% |
| Research & development | $2.31B | $2.17B | $2.19B | $2.08B | $2.10B | — | +6.4% |
| Selling, general & admin | $4.53B | $4.40B | $4.83B | $4.38B | $4.67B | — | +3.0% |
| Total operating expense | $7.06B | $6.73B | $7.08B | $6.57B | $6.89B | — | +4.9% |
| Operating income | $2.85B | $2.22B | $4.85B | $2.79B | $3.09B | — | +28.2% |
| Net interest income | -$400.00M | -$321.00M | -$346.00M | -$342.00M | -$338.00M | — | -24.6% |
| Pre-tax income | $2.48B | $1.39B | $4.14B | $2.43B | $2.60B | — | +78.7% |
| Tax provision | $313.00M | $172.00M | -$1.44B | $686.00M | $404.00M | — | +82.0% |
| Net income | $2.17B | $1.22B | $5.60B | $1.74B | $2.19B | — | +78.0% |
| Net income to common | $2.17B | $1.22B | $5.60B | $1.74B | $2.19B | — | +78.0% |
| Basic EPS | 2.30 | 1.30 | 5.98 | — | 2.36 | 1.14 | +76.9% |
| Diluted EPS | 2.27 | 1.28 | 5.88 | — | 2.31 | 1.12 | +77.3% |
| EBIT | $2.96B | $1.86B | $4.62B | $2.92B | $3.11B | — | +59.4% |
| EBITDA | $4.31B | $3.13B | $5.92B | $4.21B | $4.37B | — | +37.7% |
| Basic shares | 941.20M | 938.50M | 936.50M | 933.90M | 930.80M | — | +0.3% |
| Diluted shares | 953.30M | 952.10M | 952.40M | 948.90M | 948.00M | — | +0.1% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $7.17B | $10.82B | $13.59B | $11.57B | $11.94B | -33.7% |
| Cash & short-term investments | $8.13B | $11.78B | $14.42B | $14.86B | $15.45B | -31.0% |
| Accounts receivable | $6.04B | $6.49B | $8.11B | $5.53B | $5.97B | -6.9% |
| Inventory | $1.75B | $1.48B | $1.22B | $1.40B | $1.25B | +18.3% |
| Total current assets | $28.40B | $31.91B | $36.94B | $32.74B | $34.25B | -11.0% |
| Property, plant & equipment | $8.80B | $9.00B | $9.03B | $9.07B | $9.26B | -2.2% |
| Goodwill & intangibles | $88.55B | $89.33B | $79.11B | $79.13B | $79.76B | -0.9% |
| Total assets | $152.10B | $156.23B | $151.88B | $146.31B | $148.59B | -2.6% |
| Total current liabilities | $35.91B | $40.10B | $38.66B | $35.14B | $37.73B | -10.4% |
| Current debt | $5.78B | $8.65B | $6.42B | $7.94B | $8.95B | -33.3% |
| Long-term debt | $56.21B | $57.71B | $54.84B | $55.17B | $55.22B | -2.6% |
| Total debt | $65.27B | $69.80B | $64.61B | $66.57B | $67.72B | -6.5% |
| Total liabilities | $117.56B | $123.17B | $119.14B | $118.32B | $121.00B | -4.6% |
| Retained earnings | $155.94B | $155.33B | $155.65B | $151.58B | $151.37B | +0.4% |
| Shareholder equity | $34.45B | $32.97B | $32.65B | $27.91B | $27.51B | +4.5% |
| Working capital | -$7.51B | -$8.19B | -$1.71B | -$2.40B | -$3.47B | +8.2% |
| Net tangible assets | -$54.10B | -$56.36B | -$46.46B | -$51.22B | -$52.25B | +4.0% |
| Shares issued | 942.13M | 2.29B | 2.29B | 2.29B | 2.28B | -58.9% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $2.17B | $1.22B | $5.60B | $1.74B | $2.19B | +78.0% |
| Depreciation & amortisation | $1.35B | $1.27B | $1.30B | $1.28B | $1.26B | +5.9% |
| Stock-based compensation | $498.00M | $506.00M | $430.00M | $443.00M | $441.00M | -1.6% |
| Change in working capital | -$1.35B | $2.19B | -$2.33B | -$383.00M | -$2.18B | -161.7% |
| Operating cash flow | $2.60B | $5.17B | $4.04B | $3.08B | $1.70B | -49.8% |
| Capital expenditure | -$383.00M | -$391.00M | -$553.00M | -$417.00M | -$373.00M | +2.0% |
| Investing cash flow | -$481.00M | -$10.49B | $1.42B | -$438.00M | $1.70B | +95.4% |
| Share buybacks | -$115.00M | -$350.00M | -$167.00M | -$414.00M | -$153.00M | +67.1% |
| Dividends paid | -$1.59B | -$1.58B | -$1.57B | -$1.57B | -$1.56B | -0.9% |
| Financing cash flow | -$5.73B | $2.72B | -$3.41B | -$3.01B | -$2.85B | -310.6% |
| Free cash flow | $2.21B | $4.78B | $3.49B | $2.67B | $1.33B | -53.7% |
| End cash position | $7.22B | $10.86B | $13.64B | $11.60B | $12.03B | -33.6% |
Options analytics
Put / call volume
—
—
Put / call open interest
—
Positioning, not flow
Max pain
—
—
ATM implied vol
—
Nearest strike to spot
Skew (10% OTM)
—
—
Call volume
0
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
—
—
Heaviest put OI
—
—
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | — | — | $16.84B | +3.1% |
| Next quarter | — | — | $20.48B | +4.0% |
| Current year | — | — | $70.38B | +4.2% |
| Next year | — | — | $73.20B | +4.0% |
Analyst targets & ownership
Mean target—
High target—
Low target—
Implied upside—
Analyst count—
ConsensusNONE
Strong buy / Buy— / —
Hold—
Sell / Strong sell— / —
Held by insiders0.11%
Held by institutions66.75%
Institutions holding4.51K
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
202.97
-0.26% from price
SMA 20
200.98
+0.73% from price
SMA 50
215.56
-6.08% from price
SMA 100
214.74
-5.72% from price
SMA 200
228.78
-11.51% from price
EMA 12
202.26
+0.09% from price
EMA 26
204.71
-1.10% from price
EMA 50
210.10
-3.64% from price
RSI (14)
47.4
Neutral
MACD (12,26,9)
-2.44
Hist 1.36
ATR (14)
4.59
2.27% of price
Realised vol 30D
94.2%
Annualised
Bollinger upper
210.07
20, 2σ
Bollinger lower
191.88
20, 2σ
50 / 200 cross
Death
215.56 vs 228.78
Trend bias
Below 200
-11.51%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.03
Less volatile than market
Correlation to SPY
0.01
Largely independent
Realised vol 30D
94.2%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-36.8%
Peak to trough
Max drawdown 5Y
-36.8%
Peak to trough
ATR 14
4.59
2.27% of price
Beta (reported)
0.71
5Y monthly, from filing
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Jul 24, 26 | Citigroup | MAINTAINED | Buy | Buy |
| Jul 24, 26 | Susquehanna | MAINTAINED | Neutral | Neutral |
| Jul 23, 26 | Morgan Stanley | MAINTAINED | Equal-Weight | Equal-Weight |
| Jul 23, 26 | BMO Capital | MAINTAINED | Market Perform | Market Perform |
| Jul 23, 26 | RBC Capital | MAINTAINED | Outperform | Outperform |
| Jul 23, 26 | Barclays | MAINTAINED | Overweight | Overweight |
| Jul 22, 26 | Baird | INITIATED | — | Neutral |
| Jul 21, 26 | Barclays | MAINTAINED | Overweight | Overweight |
| Jul 21, 26 | Jefferies | MAINTAINED | Buy | Buy |
| Jul 20, 26 | Stifel | MAINTAINED | Buy | Buy |
| Jul 17, 26 | Citigroup | MAINTAINED | Buy | Buy |
| Jul 17, 26 | JP Morgan | MAINTAINED | Overweight | Overweight |
Dividends & splits
Forward rate$5.85 / yr
Forward yield2.89%
5-year avg yield3.82%
Payout ratio59.77%
Ex-dividend dateAug 10, 2026
Next pay date—
Last split—
Split date—
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