International Business Machines Corporation (IBM)
NYSE: IBM · Real-Time Price · USD
306.70
-2.54 (-0.82%)
At close: Jan 30, 2026, 4:00 PM EST
306.39
-0.31 (-0.10%)
After-hours: Jan 30, 2026, 7:56 PM EST
IBM Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 | +20 Quarters |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 | Jun '21 Jun 30, 2021 | Mar '21 Mar 31, 2021 | +20 Quarters |
Net Income | 10,593 | 7,907 | 5,833 | 5,473 | 6,023 | 6,397 | 8,430 | 8,180 | 7,502 | 6,924 | 2,025 | 1,833 | 1,639 | 1,262 | 5,588 | 5,521 | 5,743 | 4,766 | 5,334 | 5,370 | Upgrade |
Depreciation & Amortization | 5,021 | 4,309 | 4,209 | 4,068 | 3,998 | 3,484 | 3,532 | 3,623 | 3,736 | 3,733 | 3,803 | 3,972 | 4,154 | 5,046 | 5,567 | 6,001 | 5,726 | 6,735 | 6,734 | 6,733 | Upgrade |
Other Amortization | - | 529 | 614 | 645 | 669 | 1,222 | 999 | 830 | 660 | 648 | 648 | 648 | 648 | - | - | - | 691 | - | - | - | Upgrade |
Loss (Gain) From Sale of Assets | - | -66 | -412 | -421 | -652 | -702 | -431 | -418 | -170 | -403 | -282 | -317 | -363 | -217 | -263 | -365 | -136 | -300 | -375 | -378 | Upgrade |
Stock-Based Compensation | 1,715 | 1,630 | 1,517 | 1,392 | 1,311 | 1,256 | 1,213 | 1,185 | 1,133 | 1,091 | 1,055 | 1,021 | 987 | 1,002 | 1,013 | 1,003 | 982 | 998 | 958 | 961 | Upgrade |
Other Operating Activities | 1 | -1,942 | 781 | 783 | 783 | 1,611 | -1,112 | -1,115 | -1,114 | -2,724 | 3,167 | 3,169 | 3,168 | 3,892 | -2,001 | -2,002 | -2,001 | -3,204 | -3,204 | -3,204 | Upgrade |
Change in Accounts Receivable | - | -374 | -374 | -374 | -374 | 725 | 725 | 725 | 725 | -539 | -539 | -539 | -539 | 1,372 | 1,372 | 1,372 | 1,372 | 5,297 | 5,297 | 5,297 | Upgrade |
Change in Inventory | - | -166 | -166 | -166 | -166 | 390 | 390 | 390 | 390 | 71 | 71 | 71 | 71 | 138 | 138 | 138 | 138 | -209 | -209 | -209 | Upgrade |
Change in Accounts Payable | - | -13 | -13 | -13 | -13 | 65 | 65 | 65 | 65 | 213 | 213 | 213 | 213 | 85 | 85 | 85 | 85 | 138 | 138 | 138 | Upgrade |
Change in Other Net Operating Assets | -4,137 | 1,669 | 1,293 | 2,260 | 1,866 | -870 | -58 | 860 | 1,004 | 4,419 | 2,117 | 890 | 457 | -3,566 | -1,673 | -623 | 196 | 1,891 | 3,011 | 3,927 | Upgrade |
Operating Cash Flow | 13,193 | 13,483 | 13,282 | 13,647 | 13,445 | 13,578 | 13,753 | 14,325 | 13,931 | 13,433 | 12,278 | 10,961 | 10,435 | 9,014 | 9,826 | 11,130 | 12,796 | 16,112 | 17,684 | 18,635 | Upgrade |
Operating Cash Flow Growth | -1.87% | -0.70% | -3.43% | -4.73% | -3.49% | 1.08% | 12.01% | 30.69% | 33.50% | 49.02% | 24.95% | -1.52% | -18.45% | -44.05% | -44.44% | -40.27% | -29.68% | 2.05% | 16.94% | 28.63% | Upgrade |
Capital Expenditures | -1,617 | -1,012 | -1,043 | -1,053 | -1,048 | -1,045 | -1,040 | -1,184 | -1,245 | -1,354 | -1,390 | -1,365 | -1,346 | -1,387 | -1,628 | -1,849 | -2,062 | -2,290 | -2,457 | -2,482 | Upgrade |
Sale of Property, Plant & Equipment | - | 139 | 611 | 619 | 557 | 720 | 353 | 322 | 321 | 150 | 46 | 50 | 111 | 173 | 262 | 320 | 387 | 353 | 321 | 281 | Upgrade |
Cash Acquisitions | -8,294 | -8,444 | -10,899 | -10,305 | -3,289 | -2,885 | -4,961 | -5,142 | -5,082 | -6,273 | -1,746 | -1,672 | -2,348 | -1,295 | -1,385 | -2,871 | -3,293 | -3,317 | -3,183 | -1,443 | Upgrade |
Divestitures | -1 | -8 | -6 | -6 | 698 | 705 | 693 | 699 | -4 | -3 | 10 | 1,211 | 1,272 | 1,359 | 1,407 | 190 | 114 | 19 | -279 | 462 | Upgrade |
Sale (Purchase) of Intangibles | - | -617 | -593 | -654 | -637 | -644 | -618 | -531 | -565 | -564 | -590 | -625 | -626 | -630 | -668 | -700 | -706 | -698 | -690 | -634 | Upgrade |
Investment in Securities | -390 | -3,156 | -2,317 | -2,307 | -1,218 | 2,426 | 4,485 | 2,515 | -496 | -3,178 | -7,300 | -8,403 | -1,265 | -1,780 | -461 | -431 | -414 | -371 | 330 | -796 | Upgrade |
Other Investing Activities | - | - | - | - | - | 1 | - | 1 | 1 | -3 | 1 | - | - | 2 | -1 | -1 | -1 | - | 1 | - | Upgrade |
Investing Cash Flow | -10,302 | -13,098 | -14,247 | -13,706 | -4,937 | -722 | -1,088 | -3,320 | -7,070 | -11,225 | -10,969 | -10,804 | -4,202 | -3,558 | -2,490 | -5,333 | -5,975 | -5,858 | -5,561 | -4,126 | Upgrade |
Short-Term Debt Issued | - | - | - | - | 30 | - | - | - | - | - | - | - | 217 | - | - | - | - | - | - | - | Upgrade |
Long-Term Debt Issued | 2,873 | - | - | - | 5,705 | - | - | - | 9,586 | - | - | - | 7,804 | - | - | - | 522 | - | - | - | Upgrade |
Total Debt Issued | 2,873 | 8,412 | 8,415 | 8,626 | 5,735 | 5,708 | 5,859 | 5,641 | 9,586 | 9,595 | 13,051 | 13,369 | 8,021 | 7,306 | 4,681 | 4,555 | 522 | 1,401 | 557 | 3,914 | Upgrade |
Short-Term Debt Repaid | - | - | - | - | - | - | - | - | -7 | - | - | - | - | - | - | - | -40 | - | - | - | Upgrade |
Long-Term Debt Repaid | - | - | - | - | -6,615 | - | - | - | -5,082 | - | - | - | -6,800 | - | - | - | -8,597 | - | - | - | Upgrade |
Total Debt Repaid | - | -3,832 | -3,985 | -5,795 | -6,615 | -6,607 | -7,050 | -5,067 | -5,089 | -6,327 | -6,095 | -7,791 | -6,800 | -6,762 | -6,563 | -5,424 | -8,637 | -12,270 | -11,388 | -13,283 | Upgrade |
Net Debt Issued (Repaid) | 2,873 | 4,580 | 4,430 | 2,831 | -880 | -899 | -1,191 | 574 | 4,497 | 3,268 | 6,956 | 5,578 | 1,221 | 544 | -1,882 | -869 | -8,115 | -10,869 | -10,831 | -9,369 | Upgrade |
Issuance of Common Stock | - | 643 | 761 | 701 | 745 | 1,051 | 799 | 674 | 414 | - | - | - | 279 | - | - | - | - | - | - | - | Upgrade |
Repurchase of Common Stock | - | -963 | -738 | -736 | -651 | -603 | -512 | -505 | -402 | -416 | -332 | -423 | -407 | -396 | -400 | -358 | -319 | -329 | -325 | -299 | Upgrade |
Common Dividends Paid | -6,255 | -6,227 | -6,201 | -6,174 | -6,147 | -6,119 | -6,091 | -6,065 | -6,040 | -6,016 | -5,992 | -5,970 | -5,948 | -5,928 | -5,908 | -5,887 | -5,869 | -5,849 | -5,831 | -5,814 | Upgrade |
Other Financing Activities | -447 | -132 | -104 | -135 | -146 | -448 | -390 | -278 | -238 | 158 | 207 | 188 | -103 | 982 | 931 | 920 | 949 | 92 | 91 | 93 | Upgrade |
Financing Cash Flow | -3,829 | -2,099 | -1,852 | -3,513 | -7,079 | -7,018 | -7,385 | -5,600 | -1,769 | -3,006 | 839 | -627 | -4,958 | -4,798 | -7,259 | -6,194 | -13,354 | -16,955 | -16,896 | -15,389 | Upgrade |
Foreign Exchange Rate Adjustments | 418 | 99 | 364 | -33 | -359 | 100 | -226 | -174 | 9 | 99 | 22 | -215 | -244 | -489 | -387 | -56 | -185 | -46 | 149 | 182 | Upgrade |
Miscellaneous Cash Flow Adjustments | - | 1 | 1 | 1 | 1 | 1 | - | -1 | - | -1 | - | - | - | -1 | -1 | - | - | 1 | 1 | - | Upgrade |
Net Cash Flow | -520 | -1,614 | -2,452 | -3,604 | 1,071 | 5,939 | 5,054 | 5,230 | 5,101 | -700 | 2,170 | -685 | 1,031 | 168 | -311 | -453 | -6,718 | -6,746 | -4,623 | -698 | Upgrade |
Free Cash Flow | 11,576 | 12,471 | 12,239 | 12,594 | 12,397 | 12,533 | 12,713 | 13,141 | 12,686 | 12,079 | 10,888 | 9,596 | 9,089 | 7,627 | 8,198 | 9,281 | 10,734 | 13,822 | 15,227 | 16,153 | Upgrade |
Free Cash Flow Growth | -6.62% | -0.50% | -3.73% | -4.16% | -2.28% | 3.76% | 16.76% | 36.94% | 39.57% | 58.37% | 32.81% | 3.39% | -15.32% | -44.82% | -46.16% | -42.54% | -31.10% | 4.14% | 19.49% | 33.39% | Upgrade |
Free Cash Flow Margin | 17.14% | 19.07% | 19.11% | 20.04% | 19.75% | 20.03% | 20.39% | 21.17% | 20.51% | 19.75% | 17.99% | 15.84% | 15.02% | 12.60% | 13.74% | 15.90% | 18.72% | 32.46% | 32.47% | 31.80% | Upgrade |
Free Cash Flow Per Share | 12.20 | 13.18 | 12.97 | 13.40 | 13.23 | 13.43 | 13.62 | 14.19 | 13.76 | 13.04 | 11.88 | 10.49 | 9.96 | 8.45 | 9.03 | 10.24 | 11.87 | 15.31 | 16.91 | 17.98 | Upgrade |
Cash Interest Paid | - | 2,161 | 2,090 | 2,003 | 1,978 | 1,753 | 1,731 | 1,728 | 1,668 | 1,691 | 1,592 | 1,465 | 1,401 | 1,515 | 1,513 | 1,517 | 1,512 | 1,677 | 1,710 | 1,769 | Upgrade |
Cash Income Tax Paid | - | 1,723 | 1,723 | 1,723 | 1,723 | 1,564 | 1,564 | 1,564 | 1,564 | 1,865 | 1,865 | 1,865 | 1,865 | 2,103 | 2,103 | 2,103 | 2,103 | 2,253 | 2,253 | 2,253 | Upgrade |
Levered Free Cash Flow | 12,771 | 11,758 | 13,860 | 10,564 | 9,326 | 10,417 | 8,242 | 11,033 | 10,823 | 10,815 | 10,075 | 9,956 | 9,681 | 6,879 | 6,313 | 5,021 | 4,627 | 9,141 | 10,743 | 13,572 | Upgrade |
Unlevered Free Cash Flow | 13,980 | 12,933 | 14,996 | 11,649 | 10,396 | 11,475 | 9,290 | 12,078 | 11,827 | 11,762 | 10,949 | 10,751 | 10,441 | 7,633 | 7,063 | 5,763 | 5,348 | 9,871 | 11,494 | 14,348 | Upgrade |
Change in Working Capital | -4,137 | 1,116 | 740 | 1,707 | 1,313 | 310 | 1,122 | 2,040 | 2,184 | 4,164 | 1,862 | 635 | 202 | -1,971 | -78 | 972 | 1,791 | 7,117 | 8,237 | 9,153 | Upgrade |
Updated Jan 28, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.