International Business Machines Corporation Returns by Year: 1963 to Present
Explore International Business Machines Corporation returns by year from 1963 to present. Analyze the current-year return, 1-year, 3-year, 5-year, 10-year and 20-year returns, average historical returns, positive and negative market years, and long-term market performance using the interactive research explorer.
Research & Analysis by Kamal Khondkar • Quant Researcher • TradingNInvestment
International Business Machines Corporation Historical Return Statistics
Historical International Business Machines Corporation annual price-return statistics from 1963 to present, with the current year reported separately as year-to-date. (Market data through Oct 21, 2026)
International Business Machines Corporation 1-Year, 3-Year, 5-Year, 10-Year and 20-Year Returns
Period returns are compounded from the latest completed calendar-year International Business Machines Corporation price returns. Multi-year cards also show the annualized return for the same completed-year period.
Why IBM Is Unique
IBM is a global enterprise technology company focused on hybrid cloud, artificial intelligence, software, consulting, and infrastructure services.
IBM's historical performance reflects changes in enterprise computing, its transition toward software and services, acquisitions, and its hybrid-cloud and AI strategy.
How have these business dynamics translated into long-term shareholder returns? The historical data below provides the evidence.
IBM vs. S&P 500 — Total Return
Growth of $10,000 · Dividends reinvested
Annual observations through the last completed calendar year. Each selected period is rebased to $10,000. Sources: Stock adjusted-close total-return series; TNI S&P 500 historical total-return dataset.
IBM vs. S&P 500: Total Return Analysis
Over the maximum available period (1962–2025),IBM generated a cumulative total return of +29560.8%, compared with +62227.6% for the S&P 500. IBM underperformed the benchmark by 32666.8 percentage points. Both comparisons incorporate reinvested dividends.
Understanding Relative Performance
The distance between the two cumulative-return lines illustrates how IBM's investment performance has diverged from the broader market. A widening positive gap indicates relative outperformance, while a narrowing or negative gap indicates weaker relative performance. Results depend on the investment horizon, so selecting another period may change the comparison.
What Investors Can Learn
IBM represents exposure to a single company's business performance, competitive position, and valuation. The S&P 500 provides diversified exposure to large U.S. companies. Comparing their total returns helps distinguish company-specific investment outcomes from broad-market performance, although historical results do not predict future returns.
| Return Component | Ending Value | CAGR | Contribution |
|---|---|---|---|
| Price Return | $37,693 | 6.9% | 54.0% |
| Dividend + Reinvestment | +$32,153 | — | 46.0% |
| Total Return | $69,846 | 10.2% | 100.0% |
| Year | Price Wealth | Total Wealth | Dividend + Reinvestment | Contribution |
|---|---|---|---|---|
| 2006 | $11,819 | $11,977 | +$159 | 1.3% |
| 2007 | $13,151 | $13,515 | +$364 | 2.7% |
| 2008 | $10,238 | $10,706 | +$468 | 4.4% |
| ···2023 | $20,812 | $36,282 | +$15,470 | 42.6% |
| 2024 | $27,973 | $50,530 | +$22,557 | 44.6% |
| 2025 | $37,693 | $69,846 | +$32,153 | 46.0% |
Contribution % represents the share of ending total-return wealth associated with the difference between the dividend-reinvested total-return path and the price-only path. It is not the historical dividend yield.
International Business Machines Corporation Annual Price Returns by Year
International Business Machines Corporation vs. S&P 500 Returns
Annual price-return comparison across overlapping completed calendar years from 1963 through 2025. Excess return is International Business Machines Corporation return minus S&P 500 return.
| Year | International Business Machines Corporation | S&P 500 | Difference | Result |
|---|---|---|---|---|
| 2025 | +34.74% | +16.39% | +18.36% | Outperformed |
| 2024 | +34.41% | +23.31% | +11.10% | Outperformed |
| 2023 | +16.08% | +24.23% | -8.15% | Underperformed |
| 2022 | +5.41% | -19.44% | +24.85% | Outperformed |
| 2021 | +11.06% | +26.89% | -15.83% | Underperformed |
| 2020 | -6.09% | +16.26% | -22.35% | Underperformed |
| 2019 | +17.92% | +28.88% | -10.96% | Underperformed |
| 2018 | -25.91% | -6.24% | -19.67% | Underperformed |
| 2017 | -7.57% | +19.42% | -26.99% | Underperformed |
| 2016 | +20.61% | +9.54% | +11.08% | Outperformed |
Comparison uses calendar-year price returns over the common historical period. Current-year YTD performance is shown separately and is excluded from completed-year statistics.
IBM vs S&P 500 Drawdowns
Drawdown measures the decline from a previous investment peak. For a daily leveraged ETF, drawdown helps show how leverage, volatility and compounding can change the depth of losses and the time required to recover.
How severe can a IBM drawdown be?
In this synchronized IBM–S&P 500 dataset, IBM's maximum adjusted-close drawdown was -69.40%, compared with -56.78% for S&P 500.
A hypothetical $10,000 investment made at IBM's prior peak would have fallen to approximately $3,060 at the trough. Recovering from that loss requires a subsequent gain of approximately 227% just to return to the previous peak.
The same comparison for S&P 500 would reduce $10,000 to approximately $4,322, requiring roughly 131% to recover. This illustrates why the magnitude of a percentage loss matters: the gain required to recover becomes increasingly large as drawdowns deepen.
For a different long-term equity perspective, see TNI's Berkshire Hathaway historical returns.
From peak to recovery
The timeline of IBM's deepest historical decline.
Drawdown perspective
IBM declined from its Aug 20, 1987 peak to its lowest point on Aug 16, 1993. It regained that previous high on Oct 11, 1996, completing a decline-and-recovery cycle of 3,340 calendar days.
Source: Yahoo Finance (stock); TNI S&P 500 daily dataset. Drawdowns are calculated from synchronized daily adjusted-close observations from 1980-01-02 through 2026-10-12. Each series is measured from its own running peak over the identical comparison period. Past performance does not guarantee future results.
IBM vs. ^GSPC
Rolling 10-Year Annualized Returns
Each point shows the annualized price return over the trailing 10 completed calendar years. Select a year to compare the long-term return for IBM and ^GSPC.
Price-return comparison. Rolling results are calculated from annual calendar-year returns and exclude the current incomplete year. Hover or tap a year to inspect the values.
Use the TradingNInvestment International Business Machines Corporation Returns Chart
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Underlying market data may be subject to separate third-party data-provider terms. TradingNInvestment permission applies to TradingNInvestment's original visualization, presentation, analysis, and associated research materials and does not grant rights to third-party data.
International Business Machines Corporation Annual Returns by Year: 1963 to Present
Showing 63 annual price-return observations for 1963–2025.
| Year | IBM Price Return | Return Category |
|---|---|---|
| 2025 | +34.74% | ≥10% |
| 2024 | +34.41% | ≥10% |
| 2023 | +16.08% | ≥10% |
| 2022 | +5.41% | 0% – <10% |
| 2021 | +11.06% | ≥10% |
| 2020 | -6.09% | Negative |
| 2019 | +17.92% | ≥10% |
| 2018 | -25.91% | Negative |
| 2017 | -7.57% | Negative |
| 2016 | +20.61% | ≥10% |
| 2015 | -14.22% | Negative |
| 2014 | -14.46% | Negative |
| 2013 | -2.08% | Negative |
| 2012 | +4.17% | 0% – <10% |
| 2011 | +25.29% | ≥10% |
| 2010 | +12.12% | ≥10% |
| 2009 | +55.54% | ≥10% |
| 2008 | -22.15% | Negative |
| 2007 | +11.27% | ≥10% |
| 2006 | +18.19% | ≥10% |
| 2005 | -16.62% | Negative |
| 2004 | +6.37% | 0% – <10% |
| 2003 | +19.59% | ≥10% |
| 2002 | -35.93% | Negative |
| 2001 | +42.31% | ≥10% |
| 2000 | -21.21% | Negative |
| 1999 | +17.02% | ≥10% |
| 1998 | +76.22% | ≥10% |
| 1997 | +38.12% | ≥10% |
| 1996 | +65.80% | ≥10% |
| 1995 | +24.32% | ≥10% |
| 1994 | +30.09% | ≥10% |
| 1993 | +12.16% | ≥10% |
| 1992 | -43.40% | Negative |
| 1991 | -21.24% | Negative |
| 1990 | +20.05% | ≥10% |
| 1989 | -22.77% | Negative |
| 1988 | +5.52% | 0% – <10% |
| 1987 | -3.75% | Negative |
| 1986 | -22.83% | Negative |
| 1985 | +26.29% | ≥10% |
| 1984 | +0.92% | 0% – <10% |
| 1983 | +26.75% | ≥10% |
| 1982 | +69.23% | ≥10% |
| 1981 | -16.21% | Negative |
| 1980 | +5.44% | 0% – <10% |
| 1979 | -13.74% | Negative |
| 1978 | +9.14% | 0% – <10% |
| 1977 | -2.02% | Negative |
| 1976 | +24.47% | ≥10% |
| 1975 | +33.48% | ≥10% |
| 1974 | -31.91% | Negative |
| 1973 | -23.27% | Negative |
| 1972 | +19.47% | ≥10% |
| 1971 | +5.90% | 0% – <10% |
| 1970 | -12.83% | Negative |
| 1969 | +15.71% | ≥10% |
| 1968 | +0.48% | 0% – <10% |
| 1967 | +68.78% | ≥10% |
| 1966 | +11.67% | ≥10% |
| 1965 | +21.86% | ≥10% |
| 1964 | +0.96% | 0% – <10% |
| 1963 | +30.00% | ≥10% |
Interactive International Business Machines Corporation Return Statistics
Statistics below update with the selected filters. Average, median, best and worst annual returns use completed calendar years only, so the current YTD period does not distort historical annual statistics.
International Business Machines Corporation Historical Returns: What the Available Market History Shows
The history of International Business Machines Corporation returns shows how annual performance has varied across the available historical record.
This International Business Machines Corporation yearly returns database contains 63 completed calendar years from 1963 through 2025, plus the current 2026 year-to-date observation.
Across those 63 completed years, the average annual International Business Machines Corporation price return was +9.76%.
The median annual return was +11.06%.
Those summary statistics are useful, but the complete International Business Machines Corporation annual-return history provides more detail about how yearly performance has varied across the available record.
Looking at individual annual observations makes it possible to compare yearly outcomes using the same verified historical dataset.
Positive International Business Machines Corporation Years: Average Return +23.69%
One of the strongest findings in the historical International Business Machines Corporation returns dataset is the frequency of non-negative calendar years.
Of the 63 completed calendar years, 42 were non-negative.
That represents 66.67% of all completed years in the historical dataset.
In other words, roughly two-thirds of the completed calendar-year observations finished at or above where they began.
Across those 42 non-negative years, the average annual International Business Machines Corporation price return was +23.69%.
The median return among those non-negative years was +19.53%.
That median is useful because it shows that the positive-year average was not driven solely by a small number of extraordinary market gains.
Strongest Positive International Business Machines Corporation Year
The strongest completed year in the entire dataset was 1998, when the International Business Machines Corporation price return reached +76.22%.
For this research, a zero return is included in the non-negative group.
Negative International Business Machines Corporation Years: Average Loss -18.10%
Negative years tell the other side of International Business Machines Corporation performance history.
Across the same 63 completed calendar years, 21 years were negative.
That represents 33.33% of completed years.
Looking only at those 21 negative years, the average annual International Business Machines Corporation price return was -18.10%.
The median negative-year return was -16.62%.
These figures show that a negative calendar year historically meant considerably more than simply finishing slightly below zero.
Worst International Business Machines Corporation Year
The worst calendar year in the dataset was 1992, when the International Business Machines Corporationprice return fell -43.40%.
Negative calendar years occurred less frequently than non-negative calendar years, but several historical losses were substantial.
What Positive and Negative International Business Machines Corporation Returns Show Together
Putting both groups together reveals one of the most important characteristics of historical International Business Machines Corporation returns.
There were 42 non-negative completed years compared with 21 negative completed years.
The average return during the 42 non-negative years was +23.69%.
The average return during the 21 negative years was -18.10%.
Across all 63 completed years together, the average annual International Business Machines Corporation price return was +9.76%.
The median annual return across the full historical period was +11.06%.
An investor rarely experiences the long-term historical average in any particular calendar year.
Instead, individual International Business Machines Corporation annual returns can vary substantially around that average.
That is one reason the complete International Business Machines Corporation historical returns by year table can be more informative than relying on a single long-term number.
What Does the International Business Machines Corporation Average Return of +9.76% Mean?
Across the 63 completed calendar years in this dataset, the arithmetic International Business Machines Corporation average return was +9.76% per completed calendar year.
This is the arithmetic average of the individual annual price returns in the historical dataset.
It does not mean the market gained exactly 9.76% in a typical year.
Individual International Business Machines Corporation yearly returns frequently differed substantially from that number.
The median annual return of +11.06% provides a second way to evaluate the distribution.
Looking at both the average and median gives readers more information about historical International Business Machines Corporation returns than either statistic provides by itself.
These figures represent International Business Machines Corporation price returns, not total returns.
International Business Machines Corporation 3-Year Return View
The current International Business Machines Corporation 3-year return view covers 2024 through 2026 YTD.
Within that window, there are 2 completed calendar years.
The average annual price return across those completed years was +34.58%.
The median annual return was +34.58%.
2 of the 2 completed years were non-negative, representing 100.00% of completed observations.
0 completed years were negative, representing 0.00%.
The strongest completed year in the period was 2025 at +34.74%.
The weakest completed year was 2024 at +34.41%.
The current 2026 YTD return of -15.11% remains separate from those completed-year statistics.
3-Year Average Return Is Not the Same as 3-Year CAGR
The +34.58% figure is the arithmetic average of the completed annual price returns in this display window. It should not be described as a 3-year cumulative return or compound annual growth rate.
A true 3-year cumulative return or CAGR requires a different calculation.
This completed-year sample can be compared with the full 63-year historical record when interpreting recent-period results.
International Business Machines Corporation 5-Year Return View
The current International Business Machines Corporation 5-year return view covers 2022 through 2026 YTD.
Within that window, there are 4 completed calendar years.
The average annual price return across those completed years was +22.66%.
The median annual return was +25.25%.
4 of the 4 completed years were non-negative, representing 100.00% of completed observations.
0 completed years were negative, representing 0.00%.
The strongest completed year in the period was 2025 at +34.74%.
The weakest completed year was 2022 at +5.41%.
The current 2026 YTD return of -15.11% remains separate from those completed-year statistics.
5-Year Average Return Is Not the Same as 5-Year CAGR
The +22.66% figure is the arithmetic average of the completed annual price returns in this display window. It should not be described as a 5-year cumulative return or compound annual growth rate.
A true 5-year cumulative return or CAGR requires a different calculation.
This completed-year sample can be compared with the full 63-year historical record when interpreting recent-period results.
International Business Machines Corporation 10-Year Return View
The current International Business Machines Corporation 10-year return view covers 2017 through 2026 YTD.
Within that window, there are 9 completed calendar years.
The average annual price return across those completed years was +8.90%.
The median annual return was +11.06%.
6 of the 9 completed years were non-negative, representing 66.67% of completed observations.
3 completed years were negative, representing 33.33%.
The strongest completed year in the period was 2025 at +34.74%.
The weakest completed year was 2018 at -25.91%.
The current 2026 YTD return of -15.11% remains separate from those completed-year statistics.
10-Year Average Return Is Not the Same as 10-Year CAGR
The +8.90% figure is the arithmetic average of the completed annual price returns in this display window. It should not be described as a 10-year cumulative return or compound annual growth rate.
A true 10-year cumulative return or CAGR requires a different calculation.
This completed-year sample can be compared with the full 63-year historical record when interpreting recent-period results.
International Business Machines Corporation 20-Year Return View
The current International Business Machines Corporation 20-year return view covers 2007 through 2026 YTD.
Within that window, there are 19 completed calendar years.
The average annual price return across those completed years was +8.22%.
The median annual return was +11.06%.
12 of the 19 completed years were non-negative, representing 63.16% of completed observations.
7 completed years were negative, representing 36.84%.
The strongest completed year in the period was 2009 at +55.54%.
The weakest completed year was 2018 at -25.91%.
The current 2026 YTD return of -15.11% remains separate from those completed-year statistics.
20-Year Average Return Is Not the Same as 20-Year CAGR
The +8.22% figure is the arithmetic average of the completed annual price returns in this display window. It should not be described as a 20-year cumulative return or compound annual growth rate.
A true 20-year cumulative return or CAGR requires a different calculation.
This completed-year sample can be compared with the full 63-year historical record when interpreting recent-period results.
Best and Worst International Business Machines Corporation Annual Returns
The strongest calendar-year price return in the dataset occurred in 1998 at +76.22%.
The worst annual price return occurred in 1992 at -43.40%.
These extremes are far removed from the full-dataset International Business Machines Corporation average return of +9.76%.
International Business Machines Corporation Price Return vs. Total Return
Understanding the type of return used on this page is essential.
The historical figures presented here are International Business Machines Corporation price returns.
Price return measures the change in the market price of the asset between periods.
The figures on this page do not include dividends.
Therefore, these results should not be interpreted as International Business Machines Corporation total returns.
A total-return series would incorporate dividends or other distributions according to the methodology of that series.
The chart, historical table, filters, and statistics on this page represent International Business Machines Corporation price performance only.
International Business Machines Corporation Return 2026 YTD
The current dataset shows the International Business Machines Corporation return for 2026 at -15.11% YTD through Oct 21, 2026.
Unlike the completed historical calendar-year observations, 2026 is still in progress.
TradingNInvestment therefore displays the 2026 YTD return separately.
It is excluded from calculations such as the historical average, median, best completed year, and worst completed year.
This prevents a partial-year observation from being treated as though it were directly comparable with a completed calendar year.
The 2026 YTD result can change when the underlying verified market data is updated.
Why the Median International Business Machines Corporation Annual Return Matters
Average return is one of the most commonly quoted historical stock market statistics.
But the median provides useful additional information.
Across the 63 completed years, the median annual International Business Machines Corporation price return was +11.06%, compared with an average of +9.76%.
The difference indicates that the distribution of historical annual returns is not perfectly symmetrical.
Large negative years can pull the arithmetic average downward.
Average, median, positive-year frequency, negative-year frequency, best year, and worst year together provide a more complete view of historical International Business Machines Corporation returns.
No single statistic captures the entire history.
How Often Have International Business Machines Corporation Returns Been Positive?
The dataset contains 42 non-negative years out of 63 completed years.
That corresponds to 66.67% of completed calendar years.
This is a historical frequency, not a probability forecast.
It would be incorrect to say that International Business Machines Corporation has a 66.67% probability of rising next year simply because 66.67% of these historical observations were non-negative.
Future market conditions can differ substantially from historical conditions.
The statistic describes what occurred across the observed period, not what must happen in the future.
Why Study Historical International Business Machines Corporation Returns?
Historical International Business Machines Corporation returns provide context that recent performance alone cannot provide.
A large gain or decline can appear unusual when viewed only against the most recent observations.
Comparing the current period with the available historical distribution helps show how it relates to earlier outcomes.
Historical returns can help investors, researchers, students, and analysts examine how annual performance has varied through the available record.
They can also reduce the tendency to use only recent performance as the reference point for evaluating the current year.
How to Use the International Business Machines Corporation Return Explorer
The TradingNInvestment Return Explorer is designed to make historicalInternational Business Machines Corporation returns easier to investigate.
Instead of presenting only a static chart, the tool allows readers to filter the same verified annual-return dataset.
Readers can examine all available years, non-negative years, negative years, and available historical periods.
The chart, annual-returns table, and summary statistics update from the same selected data.
Readers interested in downside history can examine the 21 negative calendar years in the completed-year dataset.
Readers studying non-negative historical performance can examine the 42 non-negative calendar years in the completed-year dataset.
When sufficient history is available, readers can also use the available period views to focus on more recent performance.
The purpose is not to predict the next International Business Machines Corporation return, but to make the available historical observations easier to explore and understand.
Reading International Business Machines Corporation Performance History in Context
One of the biggest risks when studying historical returns is selecting a period that confirms an existing belief.
A short period can appear exceptionally strong or exceptionally weak depending on its starting and ending years.
Using the broader available International Business Machines Corporation history provides additional context for interpreting shorter periods.
Different historical windows can produce different average returns, frequencies of positive and negative years, and extreme outcomes.
None of those periods is inherently the single correct measure of historical performance. They answer different questions about different parts of the available record.
This is why TradingNInvestment provides both the available historical series and interactive period filters.
What the Available International Business Machines Corporation Return History Shows
The dataset contains 63 completed calendar years of International Business Machines Corporation price-return observations.
Of those completed years, 42 were non-negative and 21 were negative.
When completed years were non-negative, the average annual return was +23.69%.
When completed years were negative, the average annual return was -18.10%.
The strongest completed calendar year in the dataset was 1998 at +76.22%, while the weakest was 1992 at -43.40%.
The overall average annual International Business Machines Corporation price return across the 63 completed calendar years was +9.76%.
Together, these statistics provide a broader view of the historical return distribution than the average alone.
The complete International Business Machines Corporation annual-return dataset allows readers to examine the individual yearly observations behind the summary statistics.
TradingNInvestment aims to make market history simple to read, easy to understand, and rigorous enough to support serious market research.
International Business Machines Corporation Historical Returns Research
This TNI research page examines International Business Machines Corporation annual price returns by calendar year. The published dataset covers 1963–2025and separates completed historical years from current-year performance.
Annual price return is calculated from the final available closing price of each calendar year relative to the final available closing price of the prior calendar year. The page provides the year-by-year dataset, historical statistics, interactive visualization, and research methodology.
IBM Stock Returns FAQ
Frequently asked questions based on TNI's verified historical annual-return dataset.
What is IBM's historical average annual return?
Across 63 completed calendar years, IBM's average annual ibm price return was +9.76%. The current partial year is excluded from this historical average.
What is IBM's 5-year return?
Over the latest five completed calendar years (2021–2025), IBM produced a cumulative return of +146.14%, equivalent to an annualized return of +19.74%.
What is IBM's 10-year return?
Over the latest ten completed calendar years (2016–2025), IBM produced a cumulative return of +125.14%, equivalent to an annualized return of +8.45%.
How often has IBM had a non-negative year?
IBM had a non-negative annual return in 42 of 63 completed calendar years, or 66.67% of the historical observations in this dataset.
What were IBM's best and worst years?
IBM's strongest completed calendar year in this dataset was 1998, with a return of +76.22%. Its weakest was 1992, with a return of -43.40%.
How does IBM compare with the S&P 500?
The S&P 500 comparison on this page places IBM's annual price returns beside the benchmark on a year-by-year basis. This keeps the comparison on the same price-return basis rather than mixing price return with dividend-adjusted total return.
How the annual returns are calculated
Annual price return is calculated using the final available close of each calendar year relative to the final available close of the prior calendar year. The current calendar year is shown as YTD and is excluded from completed-year summary statistics.
Data Source: Yahoo Finance — International Business Machines Corporation (IBM). Return Type: IBM Price Return.
Historical Returns Tell You What Happened Before. See What Is Happening Now.
Historical International Business Machines Corporation returns provide context for long-term market performance, strong years, drawdowns, and changing market conditions. TNI Intelligence tracks current market-moving news and live market intelligence as conditions change.
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