Buyback Radar
Company reports

International Business Machines

IBM

International Business Machines has retired 47.5% of its shares since 1999, from 1,793,760,770 to 942,134,390.

47.5%retired since 1999
-5.1%last 5 years
-0.8%last 12 months
942Mshares today

At $232.14 a share, a market value of $218.7B. FCF yield 6.3%, P/E 20.4, trailing twelve months to June 2026.

Shares outstanding, 1999 to todaysplit adjusted, from SEC filings
a quarter gone 2007half gone 20171.8B shares, 1999942M200020052010201520202025
1999, 1,793,760,7702026-06-30, 942,134,390
A share bought in 1999
1.9× more of International Business Machines today, without buying another share. It was one of 1,793,760,770 shares then. It is one of 942,134,390 now.
Every filing we read27 fiscal years, split adjusted
Fiscal yearDateShares outstandingFiling
19992000-03-011,793,760,77010-K405cover page
20002001-03-011,760,803,87210-Kcover page
20012002-03-011,716,941,84810-K405cover page
20022003-02-281,726,322,38110-Kcover page
20032004-02-101,699,415,51310-Kcover page
20042005-02-101,632,628,96810-Kcover page
20052006-02-101,567,313,08210-Kcover page
20062007-02-091,505,528,92210-Kcover page
20072008-02-081,384,330,88110-Kcover page
20082009-02-101,341,677,78610-Kcover page
20092010-02-101,299,003,39010-K
20102011-01-311,219,536,25010-K
20112012-01-311,158,661,71210-K
20122013-01-311,114,509,77110-K
20132014-02-101,041,340,75810-K
20142015-02-10988,424,17210-K
20152016-02-10988,424,17210-K
20162017-02-10943,212,55110-K
20172018-02-09921,167,89410-K
20182019-02-08889,866,25610-K
20192020-02-10888,408,02310-K
20202021-02-10893,594,09010-K
20212022-02-11899,309,98610-K
20222023-02-10907,105,61110-K
20232024-02-09916,744,84810-K
20242025-02-10927,264,33210-K
20252026-02-10938,034,40410-K

Source: all 10-K filings of International Business Machines on EDGAR. Download this series as CSV. Licence CC BY 4.0, credit Buyback Radar.

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International Business Machines buybacks, answered

Is International Business Machines buying back its stock?

Not on a net basis. International Business Machines has 0.8% more shares outstanding than twelve months ago. Whatever it bought back did not cover the new shares it issued. Over five years the share count is up 5.1%.

How many shares has International Business Machines bought back?

Net of every new share it issued, International Business Machines has 851.6 million fewer shares than at its 1999 peak. That is 47.5% of the company.

How many shares does International Business Machines have outstanding?

942,134,390 shares, as of June 30, 2026, from the cover page of its latest 10-Q. At the 1999 peak it had 1,793,760,770.

What do International Business Machines' buybacks mean for a shareholder?

Each share is a bigger slice of the company. Someone who held International Business Machines stock in 1999 owns 1.9 times as much of the business today without buying another share. Whether that was a good use of cash depends on the price paid.

How does International Business Machines compare with other cannibal stocks?

International Business Machines ranks No. 110 of 467 companies on Buyback Radar by share of the company retired since its peak. Close to it on the list: Tapestry (47.5%), Quest Diagnostics (47.5%), Texas Instruments (47.4%), Pathward Financial (47.3%).

Every answer is computed from International Business Machines' own SEC filings and rebuilt every Monday. Latest count: 10-Q on EDGAR.

Insider buying, last 12 months

Miebach MichaelDirector2026-02-25, 434 shares at $233.33 $101K total
HOWARD MICHELLE JDirector2026-02-25, 50 shares at $237.83 $12K total
FARR DAVID NDirector2026-01-30, 1,000 shares at $304.00 $304K total

The story

The numbers say what happened. The story says whether it can continue. We cover companies like International Business Machines in depth on Cannibal Stocks.

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