Financial
Latest full-year results from official filings.
FY2025 revenue $67.53bn (+7.6%); pre-tax margin 15.3%; net income $10.59bn.
Cash $14.50bn; debt $61.30bn.
- Official results release · IBM · 31 Dec 2025
IBM: risk summary
Summaries are drawn from public sources and link to them. HSH does not give a risk rating: read the summary and sources and reach your own view. Unproven allegations are labelled as such. Suppliers can submit a response, which is shown alongside.
Adverse media
Credible news about incidents, disputes, legal action or restructuring in the last 24 months.
Jun 2026: a False Claims Act lawsuit by a former IBM threat-intelligence executive was unsealed, alleging IBM concealed foreign hacks of systems used by US government customers; the DOJ declined to intervene and IBM said it is confident it complied with the law.
- IBM, AT&T Accused by Whistleblower of Covering Up Foreign Hacks · Claims Journal (Bloomberg) · 5 Jun 2026
- IBM, AT&T accused by whistleblower of covering up foreign hacks · Fortune · 4 Jun 2026
Cyber & information governance
Data breaches, cyber incidents, regulator action and assurance status.
Jun 2026: an unsealed whistleblower lawsuit alleges IBM failed to disclose repeated breaches by foreign state-backed hackers (including APT10, 2013-2016) to US government customers; IBM says it complied with the law. No regulator action found. NHS DSPT status not yet checked.
- IBM, AT&T Accused by Whistleblower of Covering Up Foreign Hacks · Claims Journal (Bloomberg) · 5 Jun 2026
Regulatory & clinical safety
Recalls, safety notices, regulator action and clinical safety concerns.
IT services and software supplier; no regulatory or clinical safety actions found in the last 24 months.
Contract performance
Contract delivery, go-lives, terminations and disputes.
Feb 2025: NHS England increased the value of IBM's NHS App contract from £52.4m to £78.6m to fund new features; the core contract was due to expire in Jun 2026. Oct 2025: the DWP hired IBM to support AI projects.
- Value of IBM's NHS App contract increased to £78.6m · Digital Health · 1 Feb 2025
- Irony alert: UK.gov Work dept hires IBM to aid AI projects · The Register · 2 Oct 2025