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Pretax income is the income that a company earns before paying income taxes. International Business Machines's pretax income for the
three
months ended in Jun. 2026 was €2,152 Mil.
Its pretax income for the trailing twelve months (TTM) ended in Jun. 2026 was €8,960 Mil.
International Business Machines's pretax margin was 14.44%.
During the past 13 years, International Business Machines's highest Pretax Margin was 15.43%. The lowest was 1.91%. And the median was 13.27%.
During the past 13 years, International Business Machines's highest Pretax Margin was 15.43%. The lowest was 1.91%. And the median was 13.27%.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
International Business Machines Pre-Tax Income Related Terms
International Business Machines Pre-Tax Income Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
International Business Machines Pre-Tax Income Chart
CHIX:IBMD vs ACN, FISV, CTSH: Pre-Tax Income Comparison
For the Information Technology Services subindustry, International Business Machines's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
International Business Machines Pre-Tax Income vs Software Industry
For the Software industry and Technology sector, International Business Machines's Pre-Tax Income distribution charts can be found below:
* The bar in red indicates where International Business Machines's Pre-Tax Income falls into.
Pre-Tax Income for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €8,960 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
International Business Machines (CHIX:IBMD) has a Pre-Tax Income of €8,960 Mil as of Jun. 2026. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on International Business Machines and its competitors.
Is International Business Machines' Pre-Tax Income too high?
International Business Machines' current Pre-Tax Income is €8,960 Mil. Overall, International Business Machines has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does International Business Machines' Pre-Tax Income compare to ACN and FISV?
International Business Machines' Pre-Tax Income of €8,960 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pre-Tax Income for a Software company?
A good Pre-Tax Income depends on the Software industry context. However, Pre-Tax Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pre-Tax Income mean?
A high Pre-Tax Income can signal that a stock is expensive relative to its fundamentals. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on International Business Machines and its competitors. International Business Machines's current Pre-Tax Income is €8,960 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is International Business Machines stock overvalued right now?
Based on GuruFocus' analysis, International Business Machines (CHIX:IBMD) is currently considered Fairly Valued. The stock's GF Value™ is €197.30, compared to a current price of €190.42 — trading 3.5% below its estimated fair value. The current Pre-Tax Income is €8,960 Mil. International Business Machines' overall GF Score™ is 67/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pre-Tax Income calculated?
Pre-Tax Income is calculated from a company's financial statements. For International Business Machines (CHIX:IBMD), the current Pre-Tax Income is €8,960 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is International Business Machines (CHIX:IBMD) Overvalued in 2026?
Based on GuruFocus' analysis, International Business Machines stock appears to be undervalued.
The current stock price of €190.42 is trading 3.5% below its estimated GF Value™ of €197.30.
GuruFocus considers International Business Machines to be Fairly Valued.
Key valuation signals for CHIX:IBMD:
Pre-Tax Income: €8,960 Mil
GF Value™: €197.30 vs. price of €190.42 (3.5% below fair value)
No single metric tells the full story. See the CHIX:IBMD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Incorporated in 1911, International Business Machines, or IBM, is one of the oldest technology companies in the world. It provides software, IT consulting services, and hardware to help business customers modernize their technology workflows. IBM operates in 175 countries and employs approximately 300,000 people. The company has a robust roster of business partners to service its clients, which includes 95% of all Fortune 500 companies. IBM's products, including Red Hat, watsonx, and mainframes, handle some of the world's most important data workloads in areas like finance and retail.
67GF Score
Get the complete analysis for CHIX:IBMD
Pre-Tax Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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