IBM

INTERNATIONAL BUSINESS MACHINES CORP

N/A • FY2025 Annual Report

NYSE H-1B Visa Sponsor Revenue +7.6% YoY

Revenue

$67.5B

Net Income

$10.6B

EBIT Margin

N/A

Diluted EPS

$11.17

Free Cash Flow

$12.1B

CEO Pay

$37,989,685

A. Krishna

49%

of INTERNATIONAL BUSINESS MACHINES CORP's revenue comes from Americas

Companies claim they must hire overseas workers because that's where their business is. The data says otherwise: INTERNATIONAL BUSINESS MACHINES CORP generates 49% of its $33.3B revenue from Americas, yet continues to file H-1B petitions that displace American workers.

$37,989,685

A. Krishna's total compensation in FY2025

Base salary $1,500,000 • Stock awards $23,988,586. The CEO's pay package is funded by the same company that claims it cannot find qualified American workers for its open positions.

Financial Snapshot — FY2025

Total Revenue

$67.5B

+7.6% year-over-year

Net Income

$10.6B

Operating Margin

N/A

Diluted EPS

$11.17

Free Cash Flow

$12.1B

Dividend / Share

N/A

Stock Buybacks

N/A

Where the Revenue Comes From — FY2025

Other Countries

$40.6B

60%

Americas

$33.3B

49%

United States

$26.9B

40%

Asia Pacific

$12B

18%

Revenue earned in the United States contradicts the claim that H-1B workers are needed because “that’s where the business is.” Source: SEC EDGAR 10-K, FY2025.

What We Pay the Executives Source: SEC DEF 14A via sec-api.io

CEO Total Compensation

$37,989,685

A. Krishna

CEO Base Salary

$1,500,000

CEO Stock Awards

$23,988,586

Avg. Other NEO Total

$16,256,710

Executive	Title	Base Salary	Stock Awards	Total Comp
A. Krishna🔍	Chairman, President and CEO	$1,500,000	$23,988,586	$37,989,685
J.J. Kavanaugh🔍	Senior VP, F&O & CFO	$1,250,250	$11,514,830	$18,840,663
R.D. Thomas🔍	Senior VP, Software & Chief Commercial Officer	$1,143,500	$10,794,920	$17,494,094
G. Cohn🔍	Vice Chairman	$1,170,000	$9,835,230	$16,235,775
A. Robinson🔍	Senior VP & Chief Legal Officer	$999,500	$7,292,774	$12,456,310

SCT = Summary Compensation Table totals from SEC EDGAR DEF 14A proxy statement.

Board of Directors — Who Enables This

Director	Role	Age	Independent	Since	Tenure	Annual Pay	Committees
Alex Gorsky🔍	Former Chairman and Chief Executive Officer	65	Yes	N/A	N/A	N/A	Executive, Audit
Alfred W. Zollar🔍	Former Executive Advisor	71	Yes	N/A	N/A	N/A	Directors and Corporate Governance
Andrew N. Liveris🔍	Retired Chairman and Chief Executive Officer	71	Yes	N/A	N/A	N/A	Directors and Corporate Governance
Arvind Krishna🔍	Chairman, President and Chief Executive Officer	63	No	N/A	N/A	N/A	Executive, Audit
David N. Farr🔍	Retired Chairman and Chief Executive Officer	71	Yes	N/A	N/A	N/A	Audit Committee
Frederick William McNabb III🔍	Retired Chairman and Chief Executive Officer	68	No	N/A	N/A	N/A	Audit Committee
Gary Cohn🔍	Vice Chairman	None	No	N/A	N/A	N/A
Marianne C. Brown🔍	Director	67	Yes	N/A	N/A	N/A	Executive Compensation and Management Resources, Directors and Corporate Governance
Martha E. Pollack🔍	President Emerita, Cornell University	67	Yes	N/A	N/A	N/A	Executive Compensation and Management Resources
Michelle J. Howard🔍	Retired Admiral	65	Yes	N/A	N/A	N/A	Audit Committee
Ramon Laguarta🔍	Chairman and Chief Executive Officer	62	No	N/A	N/A	N/A	Directors and Corporate Governance, Executive
Thomas Buberl🔍	Director	52	No	N/A	N/A	N/A

Source: SEC EDGAR DEF 14A proxy statement via sec-api.io.

H-1B Visa Dependency Key Metric

Search all INTERNATIONAL BUSINESS MACHINES CORP H-1B Labor Condition Applications filed with the U.S. Dept. of Labor.

🔍 Search H-1B Records for INTERNATIONAL BUSINESS MACHINES CORP

Source: U.S. Dept. of Labor OFLC disclosure data. LCA filing does not guarantee a visa was issued.

Shareholder Value Assessment

PositiveRevenue grew 7.6% year-over-year - above inflation.

PositiveNet margin of 15.7% - highly profitable.

WatchCEO received $38M in compensation.

Key Business Risks (from 10-K Item 1A)

Risk Factors: Risks Related to Our Business Downturn in Economic Environment and Client Spending Budgets Could Impact the Company’s Business: If overall demand for IBM’s products and solutions decreases, whether due to general economic conditions, or a shift in client buying patterns, the company’s revenue and profit could be impacted.
Failure of Innovation Initiatives Could Impact the Long-Term Success of the Company: IBM has moved into areas, including those that incorporate or utilize hybrid cloud, AI, quantum and other disruptive technologies, in which it can differentiate itself through responsible innovation, by leveraging its investments in R&D and attracting a successful developer ecosystem.
If IBM is unable to continue its cutting-edge innovation in a highly competitive and rapidly evolving environment or is unable to commercialize such innovations, expand and scale them with sufficient speed and versatility or is unable to attract a successful developer ecosystem, the company could fail in its ongoing efforts to maintain and increase its market share and its profit margins.
Damage to IBM’s Reputation Could Impact the Company’s Business: IBM has one of the strongest brand names in the world, and its brand and overall reputation could be negatively impacted by many factors, including if the company does not continue to be recognized for its industry leading technology and solutions and as a hybrid cloud and AI leader.

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INTERNATIONAL BUSINESS MACHINES CORP

of INTERNATIONAL BUSINESS MACHINES CORP's revenue comes from Americas

A. Krishna's total compensation in FY2025

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