By | July 23, 2023
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International Business Machines also known as IBM is an American leading brand in the technology industry. It provides a wide range of hardware and software products besides several tech services. You may wonder “How much is IBM net worth in 2023?”

Keep reading this article to know IBM’s net worth and some important information about the company.

How much is IBM net worth in 2023?

As of 2023, IBM is estimated to have a net worth of $127 billion.

IBM is one of the 5 largest tech companies worldwide in this decade. In addition, the company is expanding its business with more facilities across a dozen of countries.

The total assets of the brand were around $128 billion in 2022. But its net worth decreased within a year. However, the net worth of IBM completely depends on its earnings.  

IBM earnings

IBM makes money from several products and services like cloud storage, automation, robotics, artificial intelligence, consulting, blockchain, computer, and hardware.

However, these are not the only method behind the rich worth of IBM. A handsome amount of profits comes from IBM’s stock investments.

IBM stock price

According to the sources, IBM’s stock price in the 52-week range is between $115 and $153.

On the other hand, the stock price of IBM is between $137 and $139.78 in terms of the day’s range. Thousands of people both from the USA and abroad buy the company’s stock.

The company’s stock price varies from year to year. IBM became a recognizable & reliable company to invest in because of its outstanding technological innovations and cloud services.

How much does IBM make a year?

IBM makes between $55 and $99 billion per year.

That means IBM makes more than $4 billion a month. IBM is striving to increase its yearly earnings as a leading provider in the hybrid cloud and AI.

A wide range of products including software, consulting, and cloud storage service help the company to generate multi-billion dollars in a year.

On the other hand, IBM reported a net income of around $60 billion a year in 2022. However, its annual revenue varies year to year.

IBM annual revenue 2013-2023

According to Statista, IBM’s annual revenue for the past decade is given below:

  • IBM’s annual revenue in 2012 was $104.51 billion
  • IBM’s annual revenue in 2013 was $99.75 billion
  • IBM’s annual revenue in 2014 was $92.80 billion
  • IBM’s annual revenue in 2015 was $81.74 billion
  • IBM’s annual revenue in 2016 was $79.92 billion
  • IBM’s annual revenue in 2017 was $79.14 billion
  • IBM’s annual revenue in 2018 was $79.59 billion
  • IBM’s annual revenue in 2019 was $57.71 billion
  • IBM’s annual revenue in 2020 was $55.18 billion
  • IBM’s annual revenue in 2021 was $57.35 billion
  • IBM’s annual revenue in 2022 was $60.53 billion

In addition, IBM’s revenue by the end of March 2023 was an estimated $15 billion.

IBM global revenue by segment

As IBM specializes in technology, you may think that the entire part of its revenue comes from only technology. However, it is not actually. IBM’s total revenue depends on various segments like selling software, providing cloud service, and selling computer hardware.

Now, here I will try to provide you with the previous year’s information on IBM’s revenue by segment following the information given by Statista. Let’s take a look at each segment in-depth in the table below.

Segment Revenue 2022
Software $25.04 billion
Consulting $19.11 billion
Infrastructure $15.29 billion
Financing $0.65 billion
Other $0.45 billion

The software segment of IBM accounted for nearly 44% of total revenue across all the segments.

Is IBM’s revenue growing?

Yes, I have noticed that IBM’s annual revenue has been growing for the past three years.  

You have already seen on the top that IBM’s revenue in 2020 was $55.18 billion. After one year, it increased to $57.35 billion. In 2022, its annual revenue was $60.53 billion.

So, it can be said that the annual revenue of IBM is growing compared to the previous year. IBM has already generated nearly $15 billion in revenue in the first quarter of 2023.

Read more: Starbucks Net Worth 2023

Brief History of IBM

In 1911, IBM started its business journey as a computing Tabulating Recording Company. Herman Hollerith, Charles Flint, and Thomas J. Watson founded the company in New York, USA. Now IBM is headquartered in Armonk, New York.

The company became a leading manufacturer of Punch-Card Tabulating Systems in 1924. It helped to pave the path of its worldwide business. Soon the company expanded across the world.

Currently, IBM is present in 177 countries. The brand started manufacturing computer systems called “IBM Mainframes” in the 1960s. And most of the computers of this brand are made in the USA.

On the other hand, IBM is best known for some great innovations like ATM, DRAM, SQL programming language, and UPC barcode.

IBM is one of the largest research organizations in the world. It has 12 research labs and multiple production facilities on six continents. Anyway, IBM has a great reputation in the current tech world.

Who owns IBM?

IBM is currently owned by its shareholders. It is a publicly-traded company. As a result, it has not any single owner right now.

There are a couple of companies that hold majority ownership of IBM. These are:

  • The Vanguard Group, Inc. – Stake 8.53%
  • SSgA Funds Management, Inc. – Stake 5.90%
  • BlackRock Fund Advisors – Stake 5.46%
  • Geode Capital Management LLC – Stake 1.79%

The Vanguard Group, Inc. is the largest shareholder of IBM which holds the majority stakes.

CEO of IBM

Arvind Krishna is the current CEO of IBM. He is an Indian-American business executive who was appointed as the CEO of IBM in January 2021.

IBM’s CEO Arvind Krishna’s basic salary is $1.5 million. Arvind Krishna has an estimated net worth of $43 million in 2023.

Ginni Rometty is the last CEO of IBM and she retired on December 31, 2020.  She was the first woman CEO in the history of IBM. Ginni Rometty the ex-CEO of IBM is an American business executive with an estimated net worth of $90 million.

CFO of IBM

James Kavanaugh is the present CFO of IBM. Besides, he is also the senior vice president of the company. James Kavanaugh has an estimated net worth of $32 million in 2023.

Is IBM still in business?

Yes, IBM is still in business. Though it had some issues like supply chain integration and lack of progress in the cloud computing division, it had not announced going out of business.

According to Fortune 500, IBM is the seventh largest technology brand by revenue. Besides, it is continuously ranking among the most admired and valuable brands worldwide.

IBM is in great expansion mode with approximately $127 billion total assets. And its popularity is also increasing day by day.

How many employees does IBM have worldwide?

In 2023, IBM has nearly 300,000 skilled and qualified employees worldwide.

IBM is one of the biggest companies in the world that has thousands of skilled employees. It has more than 100k workforce in the United States, particularly most of IBM employees are in New York.

Sources:

 

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