This is a routine contract modification with immaterial financial impact. Monitor for larger GSA or federal IT services awards that could meaningfully contribute to IBM's consulting and technology services revenue.
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Executive Summary
IBM received a $34.2 million contract modification from the GSA for the ETSNext travel and expense technology managed service, covering base period year 3 transaction minimums and several administrative changes. The award is very small relative to IBM's annualized revenue of ~$68.6 billion, representing about 0.05%.
Key Financial Metrics
Key Facts
- Modification P00020 to contract 47QMCB25C0001 valued at $34,168,194.25
- Awarded by the General Services Administration (GSA)
- Covers E-GOV Travel Service, Next Generation (ETSNext) Travel and Expense (T&E) Technology Managed Service
- Includes base period year 3 transaction minimums and adds PCRs 005, 006, 007, 008, and 010
- Award amount is approximately 0.05% of IBM's annualized revenue of $68.6 billion
Financial Impact
$34.2 million contract modification, approximately 0.05% of annualized revenue
Risk Factors
- Government contract modifications are routine and do not indicate new business wins
- Funding subject to federal budget and continuing resolutions
Investment Themes
Documents Analyzed
This report is based on 1 federal contract record from official U.S. government contract data.
| Document | Accession Number |
|---|---|
| GOVT-CONTRACT Data (Synthetic) | contract-47QMCB25C0001 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | 8-K | $252.11 $253.56 | ▲ +0.58% | ▲ +1.10% | $253.44 (+0.53%) |
Oct 21, 2026 5d ago | Press Release | $252.11 $253.56 | ▲ +0.58% | ▲ +1.10% | $253.44 (+0.53%) |
Oct 20, 2026 6d ago | Court Ruling | $251.46 $252.11 | ▲ +0.26% | ▲ +1.44% | $253.44 (+0.79%) |
Oct 8, 2026 18d ago | 3 | $227.13 $227.02 | ▼ −0.05% | ▲ +0.01% | $253.44 (+11.58%) |
Oct 1, 2026 25d ago | 8-K | $222.64 $221.58 | ▼ −0.48% | ▼ −1.15% | $253.44 (+13.83%) |
Sep 30, 2026 26d ago | Court Ruling | $225.62 $222.64 | ▼ −1.32% | ▼ −2.06% | $253.44 (+12.33%) |
Sep 28, 2026 28d ago | GOVT-CONTRACT | $219.99 $219.93 | ▼ −0.03% | ▲ +0.18% | $253.44 (+15.21%) |
Sep 11, 2026 6w ago | GOVT-CONTRACT | $249.09 $248.37 | ▼ −0.29% | ▲ +0.17% | $253.44 (+1.75%) |
Aug 26, 2026 8w ago | 144 | $238.79 $235.59 | ▼ −1.34% | ▼ −1.11% | $253.44 (+6.14%) |
Aug 11, 2026 10w ago | 424B5 | $235.98 $237.14 | ▲ +0.49% | ▼ −0.21% | $253.44 (+7.40%) |
US Market Status
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