Short answer
IBM (IBM) filed its fiscal 2024 10-K annual report with the SEC on Feb 25, 2025. It reported revenue of $62.8B (+1.4% year over year) and net income of $6.0B.
- Top risk flagged: Cybersecurity risk oversight by E&TS and CISO with no material adverse incidents to date, but future risks remain uncertain
FY2024 key financial metrics · XBRL
- Revenue
- $62.8B
- +1.4% YoY
- Net income
- $6.0B
- −19.7% YoY
- Gross margin
- 56.7%
- +1.2 pp YoY
- EPS (diluted)
- $6.43
- −21.0% YoY
- ROE
- 22.1%
- −11.2 pp YoY
- Operating cash flow
- $13.4B
- −3.5% YoY
Source: XBRL data from the IBM (IBM) FY2024 10-K on SEC EDGAR. USD.
IBM FY2024 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: technology and consulting services primarily focused on cloud, AI, and software solutions
- No new products or business segments introduced or emphasized in this filing year
- Continued emphasis on executive compensation alignment and equity incentive plans, including RSUs and PSUs outstanding totaling 36.9M shares
- Equity awards from 15 acquisitions amounting to 205,078 stock options with weighted-average exercise price $23.47
- Incorporation by reference of Proxy Statement details on executive pay, stock ownership, and governance for 2024-2025 schedules
Risk Factors
- Cybersecurity risk oversight by E&TS and CISO with no material adverse incidents to date, but future risks remain uncertain
- Executive cybersecurity governance involving SVP Sponsor, CLO, Cybersecurity Advisory Committee, and Board oversight structure
- Incident response teams include cross-functional roles from E&TS, Legal, HR, Procurement, Finance, and Operations
- Cybersecurity leaders active in external advisory boards on technology and national security issues
Generated from the filing text; verify against the original. How to read a 10-K
Other IBM annual reports
Ask about this 10-K
Compare years, dig into a risk factor or check the numbers against insider trades and fund holders.