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.
International Business Machines Corporation (IBM) released a press release dated January 28, 2026 covering its financial results for the period ended December 31, 2025. The release includes consolidated financial statements for that period.
The company also provided non-GAAP financial measures that management believes give investors additional insight, along with reconciliations to the most directly comparable GAAP measures. Additional detail on IBM’s non-GAAP metrics is supplied in a separate accompanying document referenced in the report.
International Business Machines Corporation (IBM) director T. Buberl reported a change in deferred equity compensation. On 12/31/2025, the director acquired 309 Promised Fee Shares under the IBM Board of Directors Deferred Compensation and Equity Award Plan. These Promised Fee Shares are tied to IBM common stock at a reference price of $296.21 per share.
The filing shows that, after this transaction, the director beneficially owned 13,808 derivative securities related to IBM common stock, held in direct form. According to the plan terms, Promised Fee Shares represent deferral of director fees and are paid out after retirement in IBM common stock or cash, with distribution deferred until retirement.
International Business Machines Corp. director equity update: A director of IBM filed a Form 4 reporting a deferred compensation transaction dated 12/31/2025. The filing shows the director acquired 338 "Promised Fee Shares" at an exercise price of $0.00 under the IBM Board of Directors Deferred Compensation and Equity Award Plan, representing 338 shares of IBM common stock underlying the derivative security.
These Promised Fee Shares reflect a deferral of board fees into stock-based units rather than a market purchase or sale of IBM shares. Following this transaction, the director beneficially owned 31,422 derivative securities directly. Under the plan, payout or distribution of these Promised Fee Shares is deferred until the director’s retirement and can be settled in IBM common stock or cash.
International Business Machines Corp. director M. J. Howard reported a board fee deferral transaction dated 12/31/2025. Under IBM’s Board of Directors Deferred Compensation and Equity Award Plan, Howard acquired 278 Promised Fee Shares, each linked to an equivalent amount of IBM common stock.
These Promised Fee Shares are paid out after retirement in either IBM common stock or cash, and distributions are deferred until that time. Following this transaction, Howard beneficially owned 15,940 derivative securities tied to IBM common stock on a direct basis.
International Business Machines Corporation director activity on 12/31/2025 involved a routine board compensation deferral rather than an open-market trade. The director acquired 309 Promised Fee Shares under the IBM Board of Directors Deferred Compensation and Equity Award Plan, which are derivative securities tied to IBM common stock.
Each Promised Fee Share represents the right to receive an equivalent number of IBM common shares or cash, with payout deferred until the director retires. After this transaction, the director beneficially owned 3,529 Promised Fee Shares on a direct basis. The transaction reflects fees being converted into deferred equity-based compensation according to the plan’s terms.
International Business Machines Corp. director reports deferred fee shares
A director of International Business Machines Corp. reported a compensation-related transaction dated 12/31/2025. The director deferred board fees into 199 "Promised Fee Shares" under the IBM Board of Directors Deferred Compensation and Equity Award Plan, with each derivative security linked to one share of IBM common stock. These promised fee shares have a conversion price of $0.00 and are paid out in IBM common stock or cash after the director retires, with distribution deferred until retirement. Following this transaction, the director beneficially owned 16,835 derivative securities representing deferred fee shares, held directly.
International Business Machines Corp. director reports deferred fee share transaction. A member of IBM's board filed details of a derivative equity award dated 12/31/2025 involving "Promised Fee Shares" under the IBM Board of Directors Deferred Compensation and Equity Award Plan.
The filing shows 309 Promised Fee Shares acquired, each linked to IBM common stock, with an indicated value reference of $296.21 per share. Following this transaction, the director beneficially owns 3,271 derivative securities on a direct basis.
According to the plan terms, director fees can be deferred into Promised Fee Shares, which are paid out after retirement in IBM common stock or cash. Distribution of these deferred fee shares is delayed until the director retires, aligning the timing of compensation with board service tenure.
International Business Machines Corporation reported an insider equity transaction by a director for Promised Fee Shares tied to board compensation. On 12/31/2025, the director acquired 330 Promised Fee Shares under the IBM Board of Directors Deferred Compensation and Equity Award Plan. Each Promised Fee Share is linked to IBM common stock, with 330 shares of common stock underlying this transaction at a price of $296.21 per share. After this transaction, the director beneficially owned 23,014 derivative securities on a direct basis. Payout of these Promised Fee Shares is deferred until the director’s retirement, when they may be settled in IBM common stock or cash.
International Business Machines Corp. director reports deferred fee award
A director of International Business Machines Corp. reported a Form 4 transaction relating to deferred board fees. On 12/31/2025, the director acquired 309 "Promised Fee Shares" under the IBM Board of Directors Deferred Compensation and Equity Award Plan, which are classified as derivative securities with a conversion price of $0.00 per unit. These Promised Fee Shares correspond to 309 shares of IBM common stock, with a reference price of $296.21 per share, and become exercisable on 12/31/2025. Following this award, the director beneficially owns 15,613 derivative securities on a direct basis. The plan provides that Promised Fee Shares and related distributions are generally paid out after retirement in IBM common stock or cash.