International Business Machines Corporation (IBM)
NYSE: IBM · Real-Time Price · USD
297.80
+33.58 (12.71%)
At close: May 29, 2026, 4:00 PM EDT
298.20
+0.40 (0.13%)
After-hours: May 29, 2026, 7:59 PM EDT
IBM Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q1 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | 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 |
Net Income | 20,254 | 20,093 | 14,722 | 10,648 | 9,888 | 10,438 | 11,197 | 13,530 | 11,480 | 10,802 | 9,624 | 4,725 | 4,533 | 4,339 | 3,562 | 7,888 | 7,821 | 8,043 | 6,122 | 6,690 |
Depreciation & Amortization | 9,015 | 8,918 | 8,550 | 8,535 | 8,325 | 8,279 | 8,406 | 6,931 | 5,653 | 5,596 | 5,481 | 5,551 | 5,720 | 5,902 | 6,446 | 6,967 | 7,401 | 7,817 | 8,434 | 8,433 |
Stock-Based Compensation | 1,820 | 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 |
Other Adjustments | -28 | -996 | 322 | 2,676 | 2,667 | 131 | 2,012 | -442 | -429 | -1,284 | -162 | -41 | -76 | 2,805 | 5,677 | -263 | -365 | -2,137 | -300 | -375 |
Change in Receivables | -5,263 | -9,541 | -3,455 | -2,855 | -2,255 | -2,629 | -1,900 | -2,800 | -1,900 | -1,175 | -1,800 | -1,800 | -1,800 | -2,339 | -1,300 | -1,300 | -1,300 | 72 | -974 | -974 |
Changes in Inventories | - | 70 | - | - | - | -166 | - | - | - | 390 | - | - | - | 71 | - | - | - | 138 | - | - |
Changes in Accounts Payable | - | 624 | - | - | - | -13 | - | - | - | 65 | - | - | - | 213 | - | - | - | 85 | - | - |
Changes in Other Operating Activities | -1,001 | -982 | -380 | -2,056 | -689 | 783 | -1,307 | 1,401 | 2,619 | 3,767 | 2,863 | 665 | -562 | -538 | -2,795 | -902 | 148 | 1,334 | 4,737 | 5,857 |
Operating Cash Flow | 13,992 | 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 |
Operating Cash Flow Growth | 2.53% | -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% |
Capital Expenditures | -2,329 | -2,341 | -2,134 | -1,665 | -1,775 | -1,770 | -1,645 | -1,740 | -1,484 | -1,545 | -1,854 | -1,890 | -1,865 | -1,846 | -1,887 | -2,128 | -2,349 | -2,562 | -3,070 | -3,237 |
Sale of Property, Plant & Equipment | 55 | 121 | 139 | 611 | 619 | 557 | 720 | 353 | 322 | 321 | 150 | 46 | 50 | 111 | 173 | 262 | 320 | 387 | 353 | 321 |
Purchases of Intangible Assets | -655 | -647 | -617 | -593 | -654 | -637 | -644 | -618 | -531 | -565 | -564 | -590 | -625 | -626 | -630 | -668 | -700 | -706 | -698 | -690 |
Purchases of Investments | -63 | -4,937 | -7,780 | -6,615 | -6,023 | -4,471 | -370 | -1,479 | -4,346 | -7,943 | -11,230 | -12,254 | -12,836 | -5,330 | -5,380 | -4,007 | -3,711 | -3,561 | -3,361 | -4,130 |
Proceeds from Sale of Investments | 10,748 | 9,704 | 7,015 | 7,589 | 7,007 | 6,544 | 9,696 | 11,964 | 10,061 | 10,647 | 8,652 | 5,554 | 5,033 | 4,665 | 3,600 | 3,546 | 3,280 | 3,147 | 3,518 | 4,988 |
Payments for Business Acquisitions | -12,152 | -8,785 | -9,085 | -13,940 | -13,346 | -6,330 | -5,485 | -5,061 | -5,242 | -5,182 | -7,573 | -3,046 | -2,972 | -3,648 | -1,295 | -1,385 | -2,871 | -3,293 | -3,616 | -3,482 |
Proceeds from Business Divestments | 1 | -1 | -15 | -13 | -13 | 691 | 705 | 693 | 699 | -4 | -3 | 10 | 1,211 | 1,272 | 1,359 | 1,407 | 190 | 114 | 12 | -286 |
Other Investing Activities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 25 | 16 | 462 | 396 |
Investing Cash Flow | -7,812 | -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 |
Long-Term Debt Issued | 7,450 | 8,391 | 8,391 | 8,385 | 8,597 | 5,705 | 5,705 | 5,859 | 5,640 | 9,586 | 9,593 | 12,834 | 13,152 | 7,804 | 7,925 | 4,681 | 4,555 | 522 | 561 | 557 |
Long-Term Debt Repaid | -7,160 | -5,489 | -3,803 | -3,956 | -5,766 | -6,615 | -6,600 | -7,046 | -5,063 | -5,082 | -6,327 | -6,101 | -7,796 | -6,800 | -6,722 | -6,582 | -5,465 | -8,597 | -11,884 | -10,916 |
Net Long-Term Debt Issued (Repaid) | 290 | 2,902 | 4,588 | 4,429 | 2,831 | -910 | -895 | -1,187 | 577 | 4,504 | 3,266 | 6,733 | 5,356 | 1,004 | 1,203 | -1,901 | -910 | -8,075 | -11,323 | -10,359 |
Issuance of Common Stock | 672 | 710 | 643 | 761 | 701 | 745 | 637 | 385 | 260 | 414 | - | - | - | 279 | - | - | - | - | - | - |
Repurchase of Common Stock | -1,084 | -1,018 | -963 | -738 | -736 | -651 | -603 | -512 | -505 | -402 | -416 | -332 | -423 | -407 | -396 | -400 | -358 | -319 | -329 | -325 |
Net Common Stock Issued (Repurchased) | -412 | -308 | -320 | 23 | -35 | 94 | 34 | -127 | -245 | 12 | -416 | -332 | -423 | -128 | -396 | -400 | -358 | -319 | -329 | -325 |
Common Dividends Paid | -9,455 | -9,428 | -9,373 | -9,247 | -9,220 | -9,193 | -9,119 | -7,591 | -7,565 | -7,540 | -7,516 | -7,492 | -7,470 | -7,448 | -5,928 | -5,908 | -5,887 | -5,869 | -7,304 | -7,286 |
Other Financing Activities | -4,359 | -4,378 | -3,278 | -3,443 | -5,073 | -4,418 | -4,338 | -2,979 | 32 | -346 | -1,242 | -970 | -990 | -1,286 | -2,554 | -1,930 | -1,919 | -1,091 | -4,236 | -5,160 |
Financing Cash Flow | -6,553 | -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 |
Effect of Exchange Rate Changes on Cash and Cash Equivalents | 74 | 418 | 99 | 364 | -33 | -359 | 100 | -226 | -174 | 9 | 99 | 22 | -215 | -244 | -489 | -387 | -56 | -185 | -46 | 149 |
Net Cash Flow | -298 | -520 | -1,615 | -2,452 | -3,604 | 1,071 | 5,939 | 5,054 | 5,230 | 5,101 | -699 | 2,171 | -684 | 1,032 | 168 | -311 | -453 | -6,718 | -6,746 | -4,623 |
Free Cash Flow | 11,663 | 10,852 | 11,349 | 11,617 | 11,872 | 11,675 | 11,933 | 12,013 | 12,841 | 12,386 | 11,579 | 10,388 | 9,096 | 8,589 | 7,127 | 7,698 | 8,781 | 10,234 | 13,042 | 14,447 |
Free Cash Flow Growth | -1.76% | -7.05% | -4.89% | -3.30% | -7.55% | -5.74% | 3.06% | 15.64% | 41.17% | 44.21% | 62.47% | 34.94% | 3.59% | -16.07% | -45.35% | -46.72% | -42.88% | -30.85% | 3.29% | 19.42% |
FCF Margin | 16.92% | 16.07% | 17.35% | 18.14% | 18.89% | 18.60% | 19.07% | 19.26% | 20.69% | 20.02% | 18.84% | 17.08% | 14.94% | 14.19% | 15.13% | 16.65% | 19.55% | 17.84% | 21.37% | 22.11% |
Free Cash Flow Per Share | 12.27 | 11.44 | 11.99 | 12.36 | 12.68 | 12.46 | 12.84 | 12.92 | 13.87 | 13.43 | 12.63 | 11.39 | 10.00 | 9.41 | 7.85 | 8.48 | 9.69 | 11.31 | 14.43 | 16.02 |
Levered Free Cash Flow | 16,729 | 19,784 | 18,531 | 15,076 | 14,165 | 12,226 | 10,956 | 13,836 | 15,545 | 20,279 | 16,808 | 13,211 | 10,610 | 6,445 | 4,229 | 7,624 | 9,811 | 4,480 | 3,544 | 6,028 |
Unlevered Free Cash Flow | 18,402 | 18,840 | 15,524 | 12,374 | 12,977 | 14,904 | 13,553 | 16,574 | 16,509 | 17,176 | 15,095 | 8,344 | 7,215 | 7,457 | 1,754 | 9,611 | 10,270 | 12,650 | 14,877 | 16,404 |