International Business Machines (IBM) Market Cap 1985–2026
As of November 11, 2026, International Business Machines had a market cap of $234.57 billion, which increased by 1.51% compared to the previous trading day. Market capitalization, often referred to as market cap, represents the total value of a company's outstanding shares on the stock market and is a common measure of its overall size and valuation.
Note: Each point on the chart represents the market capitalization at the end of the trading day. Source: Data compiled from
EDGAR filings,
Bloomberg
and Yahoo Finance.
📈 International Business Machines Market Cap History by Year and Month
International Business Machines Market Cap History by Year and Month
Year / Month
Market Cap
% Change
2026
$234.57B
▼ 15.28%
$234.57B
▼ 3.72%
$243.63B
▲ 17.60%
$207.17B
▼ 5.96%
$220.31B
▲ 4.57%
$210.68B
▼ 20.30%
$264.34B
▼ 5.56%
$279.9B
▲ 28.93%
$217.09B
▼ 4.56%
$227.46B
▲ 1.30%
$224.53B
▼ 21.68%
$286.68B
▲ 3.54%
2025
$276.88B
▲ 35.97%
$276.88B
▼ 4.01%
$288.44B
▲ 0.38%
$287.35B
▲ 9.33%
$262.84B
▲ 15.88%
$226.82B
▼ 3.81%
$235.81B
▼ 14.12%
$274.59B
▲ 14.05%
$240.77B
▲ 7.13%
$224.75B
▼ 2.75%
$231.1B
▼ 1.27%
$234.08B
▼ 1.17%
$236.85B
▲ 16.32%
2024
$203.626B
▲ 36.35%
$203.626B
▼ 3.16%
$210.275B
▲ 10.01%
$191.144B
▼ 6.50%
$204.422B
▲ 9.79%
$186.192B
▲ 5.20%
$176.99B
▲ 11.40%
$158.872B
▲ 3.66%
$153.268B
▲ 0.39%
$152.671B
▼ 12.79%
$175.061B
▲ 3.20%
$169.624B
▲ 0.94%
$168.051B
▲ 12.53%
2023
$149.341B
▲ 17.24%
$149.341B
▲ 3.15%
$144.784B
▲ 9.62%
$132.074B
▲ 3.33%
$127.815B
▼ 4.45%
$133.764B
▲ 1.84%
$131.349B
▲ 7.75%
$121.902B
▲ 4.40%
$116.766B
▲ 1.72%
$114.787B
▼ 3.57%
$119.036B
▲ 1.49%
$117.289B
▼ 3.92%
$122.078B
▼ 4.16%
2022
$127.383B
▲ 6.12%
$127.383B
▼ 5.38%
$134.625B
▲ 7.67%
$125.032B
▲ 16.40%
$107.42B
▼ 7.41%
$116.013B
▼ 1.79%
$118.127B
▼ 7.37%
$127.52B
▲ 2.12%
$124.878B
▲ 5.01%
$118.915B
▲ 1.68%
$116.945B
▲ 6.15%
$110.174B
▼ 8.15%
$119.955B
▼ 0.07%
2021
$120.036B
▲ 11.84%
$120.036B
▲ 14.30%
$105.015B
▼ 2.00%
$107.16B
▼ 9.95%
$119.006B
▼ 0.95%
$120.15B
▼ 0.44%
$120.68B
▼ 3.84%
$125.5B
▲ 2.30%
$122.676B
▲ 1.31%
$121.089B
▲ 6.47%
$113.732B
▲ 12.04%
$101.51B
▼ 0.05%
$101.556B
▼ 5.38%
2020
$107.329B
▼ 5.50%
$107.329B
▲ 2.09%
$105.129B
▲ 10.62%
$95.035B
▼ 8.23%
$103.554B
▼ 1.28%
$104.894B
▲ 0.30%
$104.579B
▲ 1.80%
$102.733B
▼ 3.01%
$105.925B
▼ 0.53%
$106.485B
▲ 13.19%
$94.078B
▼ 14.82%
$110.442B
▼ 9.32%
$121.788B
▲ 7.23%
2019
$113.577B
▲ 17.21%
$113.577B
▼ 0.14%
$113.735B
▲ 0.54%
$113.126B
▼ 8.04%
$123.015B
▲ 7.27%
$114.68B
▼ 8.57%
$125.435B
▲ 7.41%
$116.786B
▲ 8.59%
$107.546B
▼ 9.47%
$118.793B
▼ 0.95%
$119.931B
▲ 2.15%
$117.407B
▲ 2.46%
$114.588B
▲ 18.25%
2018
$96.9B
▼ 28.58%
$96.9B
▼ 10.17%
$107.872B
▲ 7.66%
$100.198B
▼ 24.00%
$131.832B
▲ 3.23%
$127.708B
▲ 1.07%
$126.356B
▲ 3.16%
$122.491B
▼ 1.14%
$123.902B
▼ 2.52%
$127.103B
▼ 5.85%
$134.998B
▼ 1.54%
$137.11B
▼ 4.91%
$144.192B
▲ 6.28%
2017
$135.666B
▼ 10.01%
$135.666B
▼ 0.36%
$136.153B
▼ 0.06%
$136.232B
▲ 5.49%
$129.144B
▲ 1.43%
$127.319B
▼ 1.13%
$128.779B
▼ 5.95%
$136.933B
▼ 0.02%
$136.967B
▼ 4.78%
$143.84B
▼ 7.95%
$156.269B
▼ 3.54%
$162.003B
▲ 2.75%
$157.672B
▲ 4.59%
2016
$150.755B
▲ 18.76%
$150.755B
▲ 2.32%
$147.331B
▲ 5.55%
$139.584B
▼ 3.25%
$144.27B
▼ 0.54%
$145.055B
▼ 1.08%
$146.643B
▲ 5.82%
$138.573B
▼ 1.70%
$140.967B
▲ 5.34%
$133.815B
▼ 3.64%
$138.867B
▲ 15.47%
$120.259B
▲ 4.47%
$115.11B
▼ 9.32%
2015
$126.945B
▼ 16.37%
$126.945B
▼ 1.74%
$129.189B
▼ 0.47%
$129.8B
▼ 3.37%
$134.331B
▼ 2.92%
$138.368B
▼ 8.70%
$151.56B
▼ 0.41%
$152.187B
▼ 4.63%
$159.569B
▼ 0.96%
$161.112B
▲ 6.72%
$150.963B
▼ 1.26%
$152.888B
▲ 5.41%
$145.048B
▼ 4.44%
2014
$151.794B
▼ 19.62%
$151.794B
▼ 0.98%
$153.297B
▼ 1.36%
$155.405B
▼ 13.40%
$179.444B
▼ 2.07%
$183.235B
▲ 0.33%
$182.635B
▲ 5.74%
$172.725B
▼ 3.08%
$178.207B
▼ 6.16%
$189.913B
▲ 2.07%
$186.066B
▲ 1.06%
$184.119B
▲ 3.51%
$177.871B
▼ 5.81%
2013
$188.835B
▼ 7.60%
$188.835B
▲ 1.32%
$186.384B
▲ 0.26%
$185.896B
▼ 3.22%
$192.089B
▲ 0.76%
$190.637B
▼ 6.55%
$203.993B
▲ 0.77%
$202.438B
▼ 8.13%
$220.351B
▲ 2.71%
$214.546B
▼ 5.56%
$227.166B
▲ 6.21%
$213.886B
▼ 1.28%
$216.659B
▲ 6.01%
2012
$204.368B
▼ 1.31%
$204.368B
▼ 0.38%
$205.149B
▼ 2.29%
$209.963B
▼ 7.29%
$226.484B
▲ 6.47%
$212.728B
▼ 0.58%
$213.962B
▼ 0.66%
$215.393B
▲ 1.39%
$212.442B
▼ 6.85%
$228.058B
▼ 1.27%
$230.983B
▲ 6.06%
$217.787B
▲ 1.79%
$213.951B
▲ 3.32%
2011
$207.074B
▲ 20.29%
$207.074B
▼ 2.19%
$211.714B
▲ 1.83%
$207.919B
▲ 5.58%
$196.928B
▲ 0.44%
$196.057B
▼ 5.47%
$207.394B
▲ 6.00%
$195.647B
▲ 0.13%
$195.402B
▼ 0.97%
$197.311B
▲ 4.61%
$188.624B
— 0.01%
$188.639B
▼ 0.73%
$190.017B
▲ 10.38%
2010
$172.141B
▲ 5.50%
$172.141B
▲ 2.58%
$167.816B
▼ 1.49%
$170.355B
▲ 7.05%
$159.132B
▲ 7.30%
$148.305B
▼ 4.10%
$154.653B
▲ 3.98%
$148.727B
▼ 3.04%
$153.383B
▼ 2.90%
$157.963B
▲ 0.58%
$157.045B
▼ 0.46%
$157.775B
▲ 3.42%
$152.558B
▼ 6.50%
2009
$163.165B
▲ 51.59%
$163.165B
▲ 2.89%
$158.58B
▲ 4.76%
$151.376B
▲ 0.84%
$150.121B
▲ 1.55%
$147.825B
▲ 0.10%
$147.674B
▲ 12.94%
$130.757B
▼ 2.49%
$134.101B
▲ 2.97%
$130.227B
▲ 6.52%
$122.253B
▲ 3.87%
$117.703B
▲ 0.41%
$117.217B
▲ 8.90%
2008
$107.638B
▼ 24.68%
$107.638B
▲ 2.83%
$104.675B
▼ 12.23%
$119.261B
▼ 20.51%
$150.035B
▼ 4.77%
$157.549B
▼ 4.88%
$165.638B
▲ 7.97%
$153.407B
▼ 9.62%
$169.74B
▲ 7.23%
$158.291B
▲ 4.83%
$150.999B
▲ 0.32%
$150.517B
▲ 6.30%
$141.594B
▼ 0.92%
2007
$142.902B
▲ 2.26%
$142.902B
▲ 3.22%
$138.44B
▼ 9.42%
$152.839B
▼ 0.12%
$153.025B
▲ 0.95%
$151.583B
▲ 5.46%
$143.737B
▼ 3.72%
$149.289B
▼ 1.27%
$151.203B
▲ 4.30%
$144.977B
▲ 6.92%
$135.591B
▲ 1.42%
$133.692B
▼ 6.26%
$142.625B
▲ 2.06%
2006
$139.748B
▲ 12.65%
$139.748B
▲ 5.69%
$132.225B
▼ 0.44%
$132.815B
▲ 11.50%
$119.121B
▲ 1.20%
$117.711B
▲ 4.60%
$112.536B
▲ 0.77%
$111.678B
▼ 5.59%
$118.292B
▼ 2.96%
$121.905B
▼ 0.16%
$122.097B
▲ 1.66%
$120.099B
▼ 1.30%
$121.685B
▼ 1.91%
2005
$124.053B
▼ 19.96%
$124.053B
▼ 7.54%
$134.164B
▲ 8.57%
$123.57B
▲ 2.07%
$121.065B
▼ 1.49%
$122.9B
▼ 3.40%
$127.23B
▲ 12.48%
$113.114B
▼ 2.82%
$116.398B
▼ 1.09%
$117.677B
▼ 16.41%
$140.787B
▼ 2.51%
$144.405B
▼ 1.68%
$146.875B
▼ 5.23%
2004
$154.987B
▲ 3.29%
$154.987B
▲ 3.41%
$149.874B
▲ 5.00%
$142.734B
▲ 4.68%
$136.356B
▲ 0.64%
$135.496B
▼ 2.73%
$139.303B
▼ 1.23%
$141.031B
▼ 1.09%
$142.581B
▲ 0.48%
$141.905B
▼ 4.00%
$147.812B
▼ 5.39%
$156.234B
▼ 2.75%
$160.654B
▲ 7.07%
2003
$150.049B
▲ 17.71%
$150.049B
▲ 0.88%
$148.747B
▲ 1.18%
$147.005B
▲ 1.30%
$145.116B
▲ 7.08%
$135.516B
▲ 0.94%
$134.26B
▼ 1.52%
$136.326B
▼ 6.18%
$145.312B
▲ 3.70%
$140.129B
▲ 8.25%
$129.451B
▲ 0.73%
$128.509B
▼ 0.09%
$128.623B
▲ 0.90%
2002
$127.471B
▼ 35.97%
$127.471B
▼ 9.15%
$140.309B
▲ 10.11%
$127.427B
▲ 35.38%
$94.126B
▼ 22.83%
$121.968B
▲ 7.07%
$113.911B
▼ 3.25%
$117.737B
▼ 10.50%
$131.555B
▼ 3.95%
$136.968B
▼ 19.70%
$170.562B
▲ 5.62%
$161.481B
▼ 9.06%
$177.56B
▼ 10.81%
2001
$199.07B
▲ 39.79%
$199.07B
▲ 4.65%
$190.232B
▲ 6.96%
$177.856B
▲ 16.88%
$152.174B
▼ 8.23%
$165.829B
▼ 5.00%
$174.556B
▼ 6.89%
$187.481B
▲ 1.07%
$185.49B
▼ 2.90%
$191.031B
▲ 18.08%
$161.779B
▼ 2.73%
$166.319B
▼ 10.80%
$186.463B
▲ 30.94%
2000
$142.405B
▼ 22.53%
$142.405B
▼ 9.09%
$156.646B
▼ 5.08%
$165.023B
▼ 12.79%
$189.23B
▼ 14.77%
$222.03B
▲ 17.40%
$189.125B
▲ 2.62%
$184.289B
▲ 1.35%
$181.84B
▼ 3.70%
$188.826B
▼ 5.51%
$199.834B
▲ 14.13%
$175.087B
▼ 8.46%
$191.275B
▲ 4.06%
1999
$183.82B
▲ 13.95%
$183.82B
▲ 3.57%
$177.49B
▲ 4.90%
$169.202B
▼ 18.80%
$208.381B
▼ 3.18%
$215.231B
▼ 0.90%
$217.174B
▼ 2.76%
$223.33B
▲ 11.05%
$201.1B
▲ 10.91%
$181.326B
▲ 18.02%
$153.642B
▲ 3.45%
$148.519B
▼ 7.37%
$160.331B
▼ 0.61%
1998
$161.315B
▲ 68.50%
$161.315B
▲ 10.81%
$145.577B
▲ 11.20%
$130.92B
▲ 15.56%
$113.288B
▲ 12.87%
$100.368B
▼ 15.00%
$118.08B
▲ 15.41%
$102.317B
▼ 3.32%
$105.835B
▲ 1.40%
$104.371B
▲ 11.55%
$93.562B
▼ 2.10%
$95.565B
▲ 5.76%
$90.361B
▼ 5.62%
1997
$95.737B
▲ 30.23%
$95.737B
▼ 7.35%
$103.335B
▲ 11.17%
$92.955B
▼ 7.08%
$100.032B
▲ 5.15%
$95.135B
▼ 4.14%
$99.241B
▲ 17.17%
$84.695B
▲ 3.23%
$82.043B
▲ 7.79%
$76.115B
▲ 16.94%
$65.089B
▼ 6.68%
$69.751B
▼ 8.37%
$76.119B
▲ 3.55%
1996
$73.511B
▲ 50.88%
$73.511B
▼ 6.69%
$78.779B
▲ 23.55%
$63.764B
▲ 3.61%
$61.54B
▲ 6.79%
$57.628B
▲ 6.40%
$54.164B
▲ 6.12%
$51.039B
▼ 7.26%
$55.035B
▼ 0.93%
$55.55B
▼ 3.86%
$57.78B
▼ 9.94%
$64.156B
▲ 13.02%
$56.766B
▲ 16.51%
1995
$48.723B
▲ 18.18%
$48.723B
▼ 5.43%
$51.522B
▼ 0.64%
$51.856B
▲ 1.01%
$51.337B
▼ 8.59%
$56.158B
▼ 5.05%
$59.146B
▲ 13.41%
$52.152B
▲ 0.70%
$51.788B
▼ 1.72%
$52.693B
▲ 15.22%
$45.732B
▲ 8.25%
$42.245B
▲ 4.33%
$40.491B
▼ 1.79%
1994
$41.228B
▲ 31.37%
$41.228B
▲ 3.89%
$39.685B
▼ 5.03%
$41.789B
▲ 7.00%
$39.054B
▲ 2.08%
$38.259B
▲ 10.71%
$34.559B
▲ 5.32%
$32.814B
▼ 6.51%
$35.097B
▲ 9.57%
$32.033B
▲ 5.26%
$30.432B
▲ 3.62%
$29.368B
▼ 6.42%
$31.382B
— 0.00%
1993
$31.382B
▲ 14.12%
$31.382B
▲ 5.55%
$29.731B
▲ 17.12%
$25.385B
▲ 9.52%
$23.178B
▼ 7.11%
$24.952B
▲ 2.81%
$24.27B
▼ 9.87%
$26.929B
▼ 6.19%
$28.707B
▲ 8.48%
$26.462B
▼ 4.42%
$27.686B
▼ 6.72%
$29.682B
▲ 5.58%
$28.113B
▲ 2.23%
1992
$27.499B
▼ 43.35%
$27.499B
▼ 26.06%
$37.191B
▲ 2.06%
$36.442B
▼ 17.18%
$44.002B
▼ 6.86%
$47.245B
▼ 8.58%
$51.677B
▼ 3.19%
$53.381B
▲ 7.90%
$49.473B
— 0.00%
$49.473B
▲ 8.68%
$45.521B
▼ 3.93%
$47.382B
▼ 3.47%
$49.086B
▲ 1.12%
1991
$48.54B
▼ 21.31%
$48.54B
▼ 3.87%
$50.494B
▼ 5.85%
$53.632B
▼ 5.19%
$56.566B
▲ 6.83%
$52.951B
▼ 4.32%
$55.343B
▲ 4.16%
$53.134B
▼ 8.48%
$58.058B
▲ 3.03%
$56.348B
▼ 9.35%
$62.162B
▼ 11.55%
$70.282B
▲ 1.58%
$69.19B
▲ 12.17%
1990
$61.684B
▲ 18.55%
$61.684B
▼ 0.46%
$61.971B
▲ 7.83%
$57.471B
▼ 1.24%
$58.195B
▲ 4.42%
$55.733B
▼ 8.63%
$60.998B
▼ 5.27%
$64.393B
▼ 2.08%
$65.763B
▲ 10.09%
$59.735B
▲ 2.53%
$58.261B
▲ 2.17%
$57.025B
▲ 5.32%
$54.143B
▲ 4.06%
1989
$52.032B
▼ 24.50%
$52.032B
▼ 3.59%
$53.967B
▼ 2.62%
$55.418B
▼ 9.26%
$61.072B
▼ 6.72%
$65.474B
▲ 1.85%
$64.286B
▲ 2.79%
$62.539B
▲ 0.85%
$62.014B
▼ 3.84%
$64.489B
▲ 4.47%
$61.732B
▼ 10.19%
$68.732B
▼ 6.99%
$73.894B
▲ 7.22%
1988
$68.915B
▲ 4.64%
$68.915B
▲ 2.85%
$67.007B
▼ 3.36%
$69.339B
▲ 6.28%
$65.24B
▲ 3.26%
$63.182B
▼ 11.33%
$71.256B
▼ 1.28%
$72.177B
▲ 12.51%
$64.151B
▼ 0.77%
$64.65B
▲ 5.34%
$61.371B
▼ 8.40%
$67.002B
▲ 4.56%
$64.08B
▼ 2.71%
1987
$65.862B
▼ 5.18%
$65.862B
▲ 2.74%
$64.105B
▼ 9.59%
$70.907B
▼ 18.74%
$87.259B
▼ 10.47%
$97.46B
▲ 4.58%
$93.192B
▼ 0.92%
$94.06B
▲ 1.56%
$92.613B
▼ 0.08%
$92.685B
▲ 6.66%
$86.897B
▲ 7.62%
$80.747B
▲ 8.35%
$74.524B
▲ 7.29%
1986
$69.46B
▼ 24.02%
$69.46B
▼ 7.06%
$74.737B
▲ 2.83%
$72.68B
▼ 8.09%
$79.073B
▼ 3.06%
$81.572B
▲ 4.72%
$77.897B
▼ 9.56%
$86.128B
▼ 3.86%
$89.582B
▼ 2.48%
$91.86B
▲ 3.14%
$89.067B
▲ 0.41%
$88.7B
▼ 0.41%
$89.067B
▼ 2.57%
1985
$91.419B
N/A
$91.419B
▲ 11.59%
$81.926B
▲ 7.60%
$76.137B
▲ 4.84%
$72.619B
▼ 2.01%
$74.111B
▼ 3.62%
$76.891B
▲ 6.16%
$72.428B
▼ 3.79%
$75.281B
▲ 1.68%
$74.038B
▼ 0.39%
$74.33B
▼ 5.22%
$78.427B
▼ 1.74%
$79.817B
N/A
All market cap values reflect closing prices for the period shown.
📊 International Business Machines Market Cap and Other Industry Peers
Below are selected companies for comparison based on industry, sub-industry, and sector: