Every 424B that International Business Machines Corp (IBM) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow IBM and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full IBM filings page.
International Business Machines Corporation is offering C$2,750,000,000 of senior unsecured Canadian dollar notes under its shelf registration, comprising C$1,750,000,000 4.100% Notes due 2030 and C$1,000,000,000 4.750% Notes due 2034. The 2030 and 2034 Notes are priced at 99.993% and 99.711% of principal, respectively, with underwriting discounts of 0.300% and 0.450%, yielding proceeds to IBM of 99.693% and 99.261% of principal, or about C$2,736 million in total, before estimated expenses, for general corporate purposes.
Interest starts August 17, 2026 and is payable semi-annually on February 15 and August 15, with maturities on August 15, 2030 and August 15, 2034. IBM may redeem the notes at its option, using a make-whole formula based on the Canada Yield Price before specified par call dates and at par thereafter, and may also redeem at par if certain U.S. tax law changes trigger additional withholding obligations. Payments are in Canadian dollars, creating foreign-exchange exposure for investors whose home currency is not CAD. The notes will settle through CDS, with access via Clearstream and Euroclear, and will not be listed on any securities exchange.
International Business Machines Corporation plans to issue two series of senior unsecured C$-denominated notes under its existing shelf registration. The notes will be issued in minimum denominations of C$2,000 and integral multiples of C$1,000, in book-entry form through CDS, with access for non-Canadian investors via Clearstream and Euroclear. Interest is payable semi-annually in arrears, and the notes rank equally with IBM’s other unsecured, unsubordinated debt.
IBM may redeem each series at its option, in whole or in part, using a make-whole formula based on the Canada Yield Price before the applicable Par Call Date and at par thereafter, and also at par if certain U.S. tax law changes require additional withholding. Payments will be made in Canadian dollars, with a fallback to U.S. dollars if CAD becomes unavailable, using the market exchange rate; an example rate of C$1 = U.S.$0.7174 is provided as of August 7, 2026. Net proceeds, estimated at approximately C$ [amount not specified], are earmarked for general corporate purposes. The notes will not be listed on any securities exchange and are subject to extensive offering restrictions, including prohibitions on sales to retail investors in Canada, the EEA, the UK and several other jurisdictions.
International Business Machines Corporation is offering €3.5 billion of senior unsecured euro‑denominated notes across four tranches: €1.0 billion 3.000% notes due 2031, €1.0 billion 3.450% notes due 2034, €750 million 3.850% notes due 2038 and €750 million floating rate notes due 2028. The fixed‑rate notes pay annual interest each February 3, while the floating‑rate notes pay quarterly interest based on three‑month EURIBOR plus 0.280%. Net proceeds are estimated at about €3,482 million and, together with a separate USD notes offering if completed, will be used for general corporate purposes. IBM reported 2025 revenue of $67.5 billion and net income of $10.6 billion, both higher than 2024, with total assets of $151.9 billion and total equity of $32.7 billion as of December 31, 2025.
International Business Machines Corporation is offering $3,250,000,000 of senior unsecured notes in five tranches: $500 million 4.000% notes due 2029, $500 million 4.300% due 2031, $500 million 4.600% due 2033, $1.0 billion 4.950% due 2036 and $750 million 5.800% due 2056, all paying interest semi-annually.
The notes are callable at IBM’s option, with a make-whole premium before specified par call dates and at 100% of principal plus interest thereafter. IBM expects net proceeds of about $3,233 million, to be used for general corporate purposes alongside any proceeds from a separate euro‑denominated notes offering.
IBM’s unaudited 2025 results show total revenue of $67,535 million versus $62,753 million in 2024, and net income of $10,593 million versus $6,023 million, with 2025 benefiting from tax audit resolutions and 2024 impacted by pension settlement charges. At December 31, 2025, total assets were $151,880 million, long‑term debt $54,836 million and equity $32,740 million.
International Business Machines Corporation is offering new U.S. dollar-denominated unsecured notes under its existing shelf registration, with interest paid semi-annually and optional early redemption, including a make-whole call before a specified par call date and redemption at par thereafter.
The notes rank equally with IBM’s other unsecured, unsubordinated debt and will be issued in large denominations through The Depository Trust Company, Clearstream and Euroclear. IBM expects to use the net proceeds from this offering, together with proceeds from a concurrent euro notes offering, for general corporate purposes.
IBM also highlights unaudited 2025 results. Total revenue for the year ended December 31, 2025 was $67,535 million, up from $62,753 million in 2024, with software, consulting and infrastructure all higher year over year. Net income for 2025 was $10,593 million versus $6,023 million in 2024, reflecting a tax benefit from resolution of certain tax audit matters and prior-year pension settlement charges.
At December 31, 2025, IBM reported $151,880 million in total assets and $32,740 million in total equity, compared with $137,175 million and $27,393 million a year earlier. Net cash provided by operating activities remained strong at $13,193 million for 2025, largely in line with $13,445 million in 2024.
International Business Machines Corporation plans an offering of euro-denominated senior unsecured notes in multiple series, with application to list the notes on the New York Stock Exchange. The net euro proceeds, together with any proceeds from a concurrent USD notes offering, are expected to be used for general corporate purposes.
Recent unaudited 2025 results show total revenue of $67,535 million versus $62,753 million in 2024, and net income of $10,593 million versus $6,023 million. At December 31, 2025, total assets were $151,880 million, total liabilities $119,139 million and total equity $32,740 million.