What is the 13F Pro Quality Score for IBM?

13F Pro ranks INTERNATIONAL BUSINESS MACHINES CORP (IBM) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View IBM's current score at https://13fpro.ai/research/IBM (free sign-up required for the full ranking).

Which hedge funds own the most IBM stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of IBM include BlackRock,, VANGUARD CAPITAL MANAGEMENT, STATE STREET. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/research/IBM as soon as new 13F filings post.

Where does 13F Pro source IBM data?

All INTERNATIONAL BUSINESS MACHINES CORP fundamentals and ownership data come directly from SEC EDGAR. INTERNATIONAL BUSINESS MACHINES CORP files with the SEC under CIK 51143. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is IBM in?

INTERNATIONAL BUSINESS MACHINES CORP (IBM) is classified in the Industrials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/industrials.

What drives IBM's revenue?

Per INTERNATIONAL BUSINESS MACHINES CORP's latest 10-Q filed with the SEC on 2026-04-23, the biggest revenue drivers are: Software ($7.1B, +11.3% YoY); Consulting ($5.3B, +4.0% YoY); Infrastructure ($3.3B, +15.3% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/research/IBM.

What are IBM's largest expenses?

INTERNATIONAL BUSINESS MACHINES CORP's latest 10-Q reports these as the largest expense items: Cost of revenue (Services, Sales, Financing) ($6.97B, +7.0% YoY); Selling, general and administrative ($5.1B, +4.2% YoY); Research and development ($2.2B, +11.4% YoY). Sourced directly from SEC EDGAR filing text for Q1 2026 (quarter ended March 31, 2026).

How often is IBM research updated on 13F Pro?

IBM's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

INTERNATIONAL BUSINESS MACHINES CORP(IBM)Stock Analysis

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13F Pro Quality Score

66.7/100

Rank #502 of 2,879 stocksTOP 25%

View Industrials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

47.4/100

Profitability

70.4/100

Balance Sheet

64.9/100

Earnings Quality

43.7/100

Free Cash Flow

79.0/100

Institutional Flow

57.0/100

Revenue Scale

97.9/100

Dilution Risk

37.0/100

IBM Stock Analysis & AI Quality Score

AI stock analysis and institutional research for INTERNATIONAL BUSINESS MACHINES CORP (IBM), a Industrials sector company. 13F Pro's AI-powered ranking engine scores IBM at 66.7/100 on a 32-signal composite quality model, placing it at rank #502 of 2,879 stocks — the top 25% of the AI-ranked universe. IBM scores in the top quartile across revenue scale (97.9), free cash flow (79.0). Shareholder dilution risk is elevated at 37.0/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), INTERNATIONAL BUSINESS MACHINES CORP reports quarterly revenue of $15.9B, net income of $1.2B, free cash flow of $4.9B. Top institutional holders of IBM by reported 13-F value include BlackRock,, VANGUARD CAPITAL MANAGEMENT, STATE STREET, based on the most recent SEC filings. IBM trades on the NYSE exchange and files with the SEC under CIK 51143. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate IBM daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for INTERNATIONAL BUSINESS MACHINES CORP directly from SEC EDGAR. INTERNATIONAL BUSINESS MACHINES CORP's 13F Pro composite quality score has ranged between 40 and 71 since 2021, currently 66.7 — an improving long-term trajectory across 56 quarterly and live scoring snapshots.

What's Driving IBM's Business? Latest 10-Q Breakdown

✓ 19/19 datapoints verified

AI-extracted from INTERNATIONAL BUSINESS MACHINES CORP's 10-Q filed 2026-04-23 — Q1 2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

IBM reported Q1 2026 revenue of $15.9B (+9.5% YoY), with operating (non-GAAP) earnings of $1.8B (+20.1% YoY) driven by Software growth, Infrastructure strength, and margin expansion.

Biggest Revenue Drivers

Total revenue: $15.9B+9.5% YoY

Software$7.1B+11.3% YoY

Growth in all lines of business reflecting generative AI innovation and shift to higher growth end markets; Hybrid Cloud +12.9%, Data +19.2%, Automation +9.9%, Transaction Processing +5.7%.

Consulting$5.3B+4.0% YoY

Revenue growth across portfolio reflecting momentum in enterprise-wide transformation; Strategy and Technology +4.1%, Intelligent Operations +4.0%.

Infrastructure$3.3B+15.3% YoY

Hybrid Infrastructure +28.1% (IBM Z +50.9% driven by z17 program), Distributed Infrastructure +16.7%; Infrastructure Support -1.8%.

Financing$220M+14.8% YoY

Client financing revenue increased driven by higher client financing assets.

Largest Expense Items

Cost of revenue (Services, Sales, Financing)$6.97B+7.0% YoY

Increase primarily from revenue growth and portfolio mix, partially offset by productivity actions.

Selling, general and administrative$5.1B+4.2% YoY

Higher operating expenses from acquired businesses (3 pts), currency effects (2 pts), offset by productivity benefits (2 pts).

Research and development$2.2B+11.4% YoY

Organic and inorganic investments to drive innovation in AI, hybrid cloud and quantum; effects of currency.

Interest expense$473M+4.0% YoY

Increase driven by higher average debt balances.

Margins: Gross margin expanded 1.0 point to 56.2%, driven by productivity actions, revenue growth and favorable portfolio mix. Operating (non-GAAP) gross margin increased 1.1 points to 57.7%. Income from continuing operations margin improved 0.4 points to 7.6%.

Watch Items from the Filing

Confluent acquisition completed March 17, 2026 for $11.6B purchase price; $1.1B of Confluent convertible debt settled April 15, 2026; goodwill of $7.2B allocated to Software segment.
Software ARR of $24.6B increased ~$3B YoY; includes annualized Confluent recurring revenue since acquisition date; represents key performance metric for segment health.
Currency headwinds reduced reported revenue growth 3.4 points (9.5% reported vs 6.1% constant currency); company defers but does not eliminate currency impact through hedging program.
Total debt increased $5.1B to $66.4B from issuances of $7.4B and Confluent acquisition, partially offset by maturities of $2.9B; debt-to-equity remained healthy.
IRS proposed adjustments to 2013-2014 and 2015-2016 returns related to cross-border transactions; company strongly disagrees and filed appeals; concluded audit of 2017-2018 returns with disagreement on certain adjustments.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q1 2026

$15.9B

Net Income

Q1 2026

$1.2B

Free Cash Flow

Q1 2026

$4.9B

D/E Ratio

Q1 2026

2.24

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+7.6% YoY

$67.53BFY 2025

FY22 $60.53BFY23 $61.86BFY24 $62.75BFY25 $67.53B

Net Income

+75.9% YoY

$10.59BFY 2025

FY22 $1.64BFY23 $7.50BFY24 $6.02BFY25 $10.59B

EPS (Diluted)

+73.7% YoY

$11.17FY 2025

FY22 $1.80FY23 $8.14FY24 $6.43FY25 $11.17

Total Assets

+10.7% YoY

$151.88BFY 2025

FY22 $127.24BFY23 $135.24BFY24 $137.18BFY25 $151.88B

Total Debt

+12.7% YoY

$67.68BFY 2025

FY22 $55.70BFY23 $62.97BFY24 $60.03BFY25 $67.68B

Op. Cash Flow

-1.9% YoY

$13.19BFY 2025

FY22 $10.44BFY23 $13.93BFY24 $13.45BFY25 $13.19B

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$67.53B +7.6%	$62.75B +1.4%	$61.86B +2.2%	$60.53B +5.5%	$57.35B +3.9%	$55.18B
Net Income	$10.59B +75.9%	$6.02B -19.7%	$7.50B +357.7%	$1.64B -71.5%	$5.74B +2.7%	$5.59B
EPS (Diluted)	$11.17 +73.7%	$6.43 -21.0%	$8.14 +352.2%	$1.80 -71.7%	$6.35 +1.9%	$6.23
Total Assets	$151.88B +10.7%	$137.18B +1.4%	$135.24B +6.3%	$127.24B -3.6%	$132.00B -15.4%	$155.97B
Total Debt	$67.68B +12.7%	$60.03B -4.7%	$62.97B +13.1%	$55.70B -4.7%	$58.47B -14.7%	$68.52B
Operating Cash Flow	$13.19B -1.9%	$13.45B -3.5%	$13.93B +33.5%	$10.44B -18.5%	$12.80B -29.7%	$18.20B

AI Insight: IBM Financial Trends

IBM swung to strong Q4 2025 profitability with $5.6B net income, but Q1 2026 revenue dipped and debt jumped $6.2B.

• Net income surged to $5.6B in Q4 2025 from $1.7B in Q3 2025, highest in the dataset.

• Operating cash flow remained robust at $5.2B in Q1 2026, up from $4.0B in Q4 2025.

• Total debt climbed to $73.9B in Q1 2026 from $67.7B in Q4 2025—highest level in 12 months.

• Revenue declined to $15.9B in Q1 2026 from $19.7B in Q4 2025, a seasonal pattern observed.

⚠ Debt-to-equity ratio rose to 2.24x in Q1 2026 from 2.07x in Q4 2025—highest leverage in dataset.

⚠ Operating cash flow volatility: fell to $1.7B in Q2 2025, recovered sharply—sustainability unclear.

AI Insight: IBM Ratio Trends

IBM exhibits severe seasonal weakness in Q1 2026, with operating margin and ROIC collapsing to single digits after a strong Q4 2025 finish.

• Q4 2025 posted exceptional metrics: OpMargin 21.1%, NPM 28.4%, ROIC 16.5%. Q1 2026 reverted sharply to OpMargin 8.7%, ROIC 5.2%.

• TTM leverage improved to 2.24x D/E from Q1 2025's 2.61x, signaling better capital discipline despite cyclical earnings swings.

• Q3 2024 saw operating margin collapse to -5.4% (one-off event), followed by Q1 2025 trough at 8.0% OpMargin, repeating in Q1 2026 at 8.7%.

⚠ ROIC tumbled from Q4 2025's 16.5% to Q1 2026's 5.2%—consistent Q1 weakness suggests structural seasonality or execution headwinds.

⚠ NPM contracted from Q4 2025's 28.4% (likely one-time gain) to 7.6% in Q1 2026, raising sustainability questions on operating profitability.

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Available Research

13F Pro tracks comprehensive data for INTERNATIONAL BUSINESS MACHINES CORP including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of IBM

BlackRock, Inc.
$18.8B77,565,953 sh
VANGUARD CAPITAL MANAGEMENT LLC
$14.7B60,845,605 sh
STATE STREET CORP
$13.2B54,594,493 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$6.7B27,660,866 sh
GEODE CAPITAL MANAGEMENT, LLC
$5.6B23,076,329 sh
MORGAN STANLEY
$4.8B19,630,951 sh
Capital World Investors
$4.1B17,062,453 sh
BANK OF AMERICA CORP /DE/
$3.9B16,063,653 sh
NORTHERN TRUST CORP
$2.5B10,304,788 sh
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AME
$1.8B7,568,124 sh

Fund	Value	Shares
BlackRock, Inc.	$18.8B	77,565,953
VANGUARD CAPITAL MANAGEMENT LLC	$14.7B	60,845,605
STATE STREET CORP	$13.2B	54,594,493
VANGUARD PORTFOLIO MANAGEMENT LLC	$6.7B	27,660,866
GEODE CAPITAL MANAGEMENT, LLC	$5.6B	23,076,329
MORGAN STANLEY	$4.8B	19,630,951
Capital World Investors	$4.1B	17,062,453
BANK OF AMERICA CORP /DE/	$3.9B	16,063,653
NORTHERN TRUST CORP	$2.5B	10,304,788
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AME	$1.8B	7,568,124

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Is IBM a good stock to buy?

13F Pro's AI-powered analysis of INTERNATIONAL BUSINESS MACHINES CORP (IBM) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Industrials sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for IBM are available on the IBM stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own IBM?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling IBM. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of INTERNATIONAL BUSINESS MACHINES CORP's investment landscape.