International Business Machines (IBM) Market Capitalization (2009 - 2026)
International Business Machines' Market Capitalization was $207.26 billion in Q3 2026, down 21.4% from $263.74 billion a year earlier and down 21.8% from the prior quarter.
Powered by 
Analysis
International Business Machines (IBM) Market Capitalization (2009 - 2026) Analysis & Trends
For FY2025, Market Capitalization at International Business Machines came in at $277.86 billion, up 36.3% from FY2024.
- Market Capitalization has now increased for five consecutive years, with a five-year compound annual growth rate of 20.9% (FY2020 to FY2025).
- In earlier years, Market Capitalization was $203.84 billion in FY2024 (+36.0%), $149.93 billion in FY2023 (+17.3%), $127.8 billion in FY2022 (+6.3%) and $120.2 billion in FY2021 (+11.8%).
- The Q3 2026 figure marks the lowest quarterly Market Capitalization since Q4 2024.
- Compared with a year earlier, Market Capitalization has declined for three straight quarters, with growth averaging 22.4% over the last eight quarters.
- The best year-over-year quarter for Market Capitalization over five years was Q2 2025 (growth of 72.4%); the worst was Q3 2026 (a decline of 21.4%).
- Per Business Quant data, IBM's Market Capitalization in the three quarters before Q3 2026 was $264.94 billion (Q2 2026), $227.82 billion (Q1 2026) and $277.86 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Microsoft | 3,944.62 Bn | 3,880.11 Bn | 62.56 Bn |
| 2 | International Business Machines | 231.10 Bn | 185.71 Bn | 9.71 Bn |
| 3 | Equinix | 100.11 Bn | 88.01 Bn | 1.31 Bn |
| 4 | Cloudflare | 96.02 Bn | 78.46 Bn | 557.23 Mn |
| 5 | Nebius | 31.44 Bn | 4.87 Bn | 448.70 Mn |
| 6 | Verisign | 27.82 Bn | 25.17 Bn | 393.20 Mn |
| 7 | CoreWeave | 25.57 Bn | 12.66 Bn | 1.70 Bn |
| 8 | Nutanix | 15.68 Bn | 7.37 Bn | 651.35 Mn |
| 9 | GoDaddy | 14.30 Bn | 9.69 Bn | 843.00 Mn |
| 10 | Akamai Technologies | 12.01 Bn | 5.41 Bn | 613.75 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 207.92 Bn |
| Jun 30, 2026 | 264.94 Bn |
| Mar 31, 2026 | 227.82 Bn |
| Dec 31, 2025 | 277.86 Bn |
| Sep 30, 2025 | 263.74 Bn |
| Jun 30, 2025 | 274.59 Bn |
| Mar 31, 2025 | 231.10 Bn |
| Dec 31, 2024 | 203.84 Bn |
| Sep 30, 2024 | 204.42 Bn |
| Jun 30, 2024 | 159.31 Bn |
| Mar 31, 2024 | 175.42 Bn |
| Dec 31, 2023 | 149.93 Bn |
| Sep 30, 2023 | 128.11 Bn |
| Jun 30, 2023 | 121.90 Bn |
| Mar 31, 2023 | 119.04 Bn |
| Dec 31, 2022 | 127.80 Bn |
| Sep 30, 2022 | 107.42 Bn |
| Jun 30, 2022 | 127.52 Bn |
| Mar 31, 2022 | 116.94 Bn |
| Dec 31, 2021 | 120.20 Bn |
API Access
International Business Machines Market Capitalization API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=market-capitalization&ticker=IBM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "market-capitalization", "ticker": "IBM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=market-capitalization&ticker=IBM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();