IBM
IBM INTERNATIONAL BUSINESS MACHINES CORP
+0.84 (+0.36%)238.34USD1.8M成交股數225B市值21.1本益比(近四季)3.3股價營收比+1.1%營收年增(近四季)2026-10-21下次財報
財報 SEC XBRL 申報值 · 美元 · 財年於 12 月結束
逐季數字是 10-Q 的單季值;財年第四季 XBRL 只有年度值,這裡用年度減前三季推算。年增率比的是去年同一會計季。
營收與利潤率近 16 季
稀釋 EPS近 16 季 · 美元
現金流近 16 季
股東回饋近 16 季 · 庫藏股與股利
損益表 逐季 · 最新在左 · 小字是年增率
| 科目 | 26Q2 | 26Q1 | 25Q4 | 25Q3 | 25Q2 | 25Q1 | 24Q3 | 24Q2 | 24Q1 | 23Q4 | 23Q3 | 23Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 營收 | 17.2B+1% | 15.9B+9% | 19.7B+32% | 16.3B+4% | 17.0B+17% | 14.5B-16% | 15.0B+1% | 15.8B+2% | 14.5B | 17.4B | 14.8B | 15.5B |
| 營業成本 | 7.3B | 7.0B | 7.8B | 7.0B | 7.0B | 6.5B | 6.5B | 6.8B | 6.7B | 7.1B | 6.7B | 7.0B |
| 毛利 | 9.9B-1% | 9.0B+11% | 11.9B+42% | 9.4B+5% | 10.0B+29% | 8.0B-22% | 8.4B+5% | 9.0B+5% | 7.7B | 10.3B | 8.0B | 8.5B |
| 毛利率 | 57.7% | 56.2% | 60.6% | 57.3% | 58.8% | 55.2% | 56.3% | 56.8% | 53.5% | 59.1% | 54.4% | 54.9% |
| 研發費用 | 2.3B | 2.2B | 2.2B | 2.1B | 2.1B | 2.0B | 1.9B | 1.8B | 1.8B | 1.7B | 1.7B | 1.7B |
| 銷售管理費用 | 5.0B | 5.1B | 5.5B | 4.7B | 5.0B | 4.9B | 4.9B | 4.9B | 5.0B | 4.8B | 4.5B | 4.9B |
| 營業利益 | – | – | – | – | – | – | – | – | – | – | – | – |
| 營業利益率 | – | – | – | – | – | – | – | – | – | – | – | – |
| 稅後淨利 | 2.2B-1% | 1.2B+15% | 5.6B-1797% | 1.7B-5% | 2.2B+37% | 1.1B-68% | −330M-119% | 1.8B+16% | 1.6B | 3.3B | 1.7B | 1.6B |
| 淨利率 | 12.6% | 7.6% | 28.4% | 10.7% | 12.9% | 7.3% | -2.2% | 11.6% | 11.1% | 18.9% | 11.6% | 10.2% |
| 稀釋 EPS | 2.27-2% | 1.28+14% | 5.90-1739% | 1.84-6% | 2.31+34% | 1.12-69% | -0.36-120% | 1.96+14% | 1.72 | 3.57 | 1.84 | 1.72 |
| 稀釋股數 | 953M | 952M | 949M | 949M | 948M | 945M | 924M | 934M | 933M | 922M | 924M | 919M |
資產負債表 期末餘額
| 科目 | 26Q2 | 26Q1 | 25Q4 | 25Q3 | 25Q2 | 25Q1 | 24Q3 | 24Q2 | 24Q1 | 23Q4 | 23Q3 | 23Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 現金與約當現金 | 7.2B | 10.8B | 13.6B | 11.6B | 11.9B | 11.0B | 13.2B | 12.2B | 14.6B | 13.1B | 7.3B | 9.4B |
| 應收帳款 | 6.0B | 6.5B | 8.1B | 5.5B | 6.0B | 5.9B | 5.4B | 5.8B | 6.0B | 7.2B | 5.3B | 5.7B |
| 存貨 | 1.7B | 1.5B | 1.2B | 1.4B | 1.3B | 1.4B | 1.4B | 1.2B | 1.2B | 1.2B | 1.4B | 1.5B |
| 總資產 | 152B | 156B | 152B | 146B | 149B | 146B | 134B | 134B | 137B | 135B | 129B | 132B |
| 有息負債 | 56.2B | 57.7B | 54.8B | 55.2B | 55.2B | 56.4B | 53.0B | 52.9B | 54.0B | 50.1B | 48.8B | 50.7B |
| 總負債 | 118B | 123B | 119B | 118B | 121B | 119B | 110B | 110B | 114B | 113B | 106B | 110B |
| 股東權益 | 34.5B | 33.0B | 32.6B | 27.9B | 27.5B | 26.9B | 24.4B | 24.0B | 23.3B | 22.5B | 23.1B | 22.2B |
| 負債比 | 77.3% | 78.8% | 78.4% | 80.9% | 81.4% | 81.5% | 81.7% | 82.0% | 83.0% | 83.3% | 82.1% | 83.2% |
| 淨現金(現金 − 有息負債) | −49.0B | −46.9B | −41.2B | −43.6B | −43.3B | −45.3B | −39.8B | −40.7B | −39.4B | −37.1B | −41.6B | −41.3B |
現金流量表 單季
| 科目 | 26Q2 | 26Q1 | 25Q4 | 25Q3 | 25Q2 | 25Q1 | 24Q3 | 24Q2 | 24Q1 | 23Q4 | 23Q3 | 23Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 營業現金流 | – | 5.2B+18% | – | – | – | 4.4B | – | – | 4.2B | – | – | – |
| 資本支出 | – | 232M | – | – | – | 244M | – | – | 239M | – | – | – |
| 自由現金流 | – | 4.9B+20% | – | – | – | 4.1B | – | – | 3.9B | – | – | – |
| 折舊攤銷 | – | – | – | – | – | – | – | – | – | – | – | – |
| 買回庫藏股 | – | – | – | – | – | – | – | – | – | – | – | – |
| 現金股利 | – | 1.6B | – | – | – | 1.5B | – | – | 1.5B | – | – | – |
| 自由現金流率 | – | 31.0% | – | – | – | 28.4% | – | – | 27.2% | – | – | – |
營收拆解 2025 年度 10-K 的分部揭露 · 年增對前一年度
業務分部2025 年度 · 67.5B
| 軟體 | 30.0B | 44.4% | +10.6% |
|---|---|---|---|
| Consulting | 21.1B | 31.2% | +1.8% |
| Infrastructure | 15.7B | 23.3% | +12.1% |
| Financing | 737M | 1.1% | +3.4% |
地區2025 年度 · 67.5B
| 美洲 | 33.3B | 49.4% | +6.6% |
|---|---|---|---|
| 歐洲中東非洲 | 22.2B | 32.9% | +14.2% |
| 亞太 | 12.0B | 17.8% | -0.4% |
產品／服務2025 年度 · 67.5B
| 產品 | 36.1B | 53.4% | +12.0% |
|---|---|---|---|
| Technology Service | 30.7B | 45.5% | +3.0% |
| Financial Service | 737M | 1.1% | +3.9% |
各維度的加總不一定等於合併營收:分部有時含內部交易、地區有時只揭露主要國家。挑的是加總最接近合併營收的那個標籤。
年度 10-K
| 財年 | 營收 | 年增 | 稅後淨利 | 淨利率 | 稀釋 EPS | 自由現金流 |
|---|---|---|---|---|---|---|
| FY2025 | 67.5B | +7.6% | 10.6B | 15.7% | 11.17 | 12.1B |
| FY2024 | 62.8B | +1.4% | 6.0B | 9.6% | 6.43 | 12.4B |
| FY2023 | 61.9B | +2.2% | 7.5B | 12.1% | 8.14 | 12.7B |
| FY2022 | 60.5B | +5.5% | 1.6B | 2.7% | 1.80 | 9.1B |
| FY2021 | 57.4B | +3.9% | 5.7B | 10.0% | 6.35 | 10.7B |
| FY2020 | 55.2B | -4.4% | 5.6B | 10.1% | 6.23 | 15.6B |
| FY2019 | 57.7B | -27.5% | 9.4B | 16.3% | 10.56 | 12.5B |
| FY2018 | 79.6B | – | 8.7B | 11.0% | 9.52 | 11.9B |