IBM
IBM Consulting designs and runs AI and digital change for large banks, insurers and governments.
- Revenue
- Q2 2026 revenue about $17.2B, up about 1%
- Growth
- Cumulative generative AI book of business $12.5B (Q2 2026), most of it consulting
- Based in
- Armonk, US
- Listed
- Public (IBM)
Its consultants work inside large firms that already run IBM systems.
Revenue barely grew and full-year guidance was cut, so AI bookings must become revenue.
Money coming in
Who pays IBM, and for what.
No customers of IBM mapped yet.
Money going out
Who IBM pays to do what it does.
No suppliers of IBM mapped yet.
Where it sits on the map
Competitors and neighbours
Makes ChatGPT, the assistant most people use, and sells its models to businesses through an API.
About $13B revenue in 2025, against about $34B of costs (reported)
Open profileMakes Claude and Claude Code, and is strongest with businesses and software builders.
Annualised revenue run rate above $65B at the end of July 2026, reported from an investor update (Aug 2026)
Open profileThe largest global integrator, building and running AI systems for large firms and governments.
Record $22.1B of bookings in one quarter (Mar 2026)
Open profileFrench consulting and engineering firm that builds AI and runs outsourced operations for clients.
2025 revenue €22.5B, up 1.7%
Open profileBig Four firm selling AI consulting, audit and tax work, plus its ZoraAI agentic product business.
Global revenue $74.5B for the year to May 2026, up 5.7% in dollars
Open profileIndian IT services firm that builds and runs AI and digital systems for global clients.
FY26 (year to Mar 2026) constant-currency growth of 3.1%
Open profileData software plus engineers who work inside a client's business to put AI to use.
Q2 2026 revenue $1.94B, up 93% year on year. Full-year guidance about $8.15B
Open profileStrategy consultancy with AI and deployment teams, named in the February 2026 OpenAI partnership.
Open profileStrategy consultancy with a large AI practice, named in a February 2026 OpenAI deployment partnership.
Open profileSources: aiweekly.co, sec.gov
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