International Business Machines IBM
NYSE IBM
$243.24 +9.17 (+3.92%)
At close: Sep 11, 2026 · 4:00 PM EDT

International Business Machines (IBM) Capital Expenditures (2009 - 2026)

International Business Machines (IBM) posted Capital Expenditures of $229.0 million for Q2 2026, down 1.29% on a QoQ basis from $232.0 million in Q1 2026, and up 9.05% year-over-year from $210.0 million in Q2 2025.

Analysis

International Business Machines (IBM) Capital Expenditures (2009 - 2026) Analysis & Trends

International Business Machines has reported Capital Expenditures for 18 years, with the latest figure at $229.0 million in Q2 2026.

  • On a quarterly basis, Capital Expenditures rose 9.05% year-over-year to $229.0 million in Q2 2026; TTM through Jun 2026 was $1.1 billion, a 5.27% increase from a year earlier, with the FY2025 full-year figure at $1.1 billion, up 4.1% from the prior year.
  • Capital Expenditures was $229.0 million for Q2 2026 at International Business Machines, down from $232.0 million in the prior quarter.
  • The five-year high for Capital Expenditures was $409.0 million in Q4 2022, with the low at $210.0 million in Q2 2025.
  • Average Capital Expenditures over 5 years is $288.4 million, with a median of $283.5 million recorded in 2022.
  • The sharpest annual moves came in 2022 and 2025: Capital Expenditures plunged 43.19% in 2022, then increased 26.07% in 2025.
  • Over 5 years, Capital Expenditures stood at $409.0 million in 2022, then slipped by 26.65% to $300.0 million in 2023, then rose by 1.0% to $303.0 million in 2024, then advanced by 26.07% to $382.0 million in 2025, then tumbled by 40.05% to $229.0 million in 2026.
  • The last three Capital Expenditures figures came in at $229.0 million (Q2 2026), $232.0 million (Q1 2026), and $382.0 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Capital Expenditures (Qtr)
1 Microsoft 3,681.04 Bn 3,548.29 Bn 60.48 Bn 35.80 Bn
2 International Business Machines 229.16 Bn 217.90 Bn 9.91 Bn 229.00 Mn
3 Nebius 56.81 Bn 48.77 Bn 448.70 Mn -5.66 Bn
4 CoreWeave 49.03 Bn 43.49 Bn 1.70 Bn 6.42 Bn
5 Nutanix 17.82 Bn 15.80 Bn 610.79 Mn 10.32 Mn
6 DigitalOcean Holdings 12.89 Bn 12.13 Bn 154.66 Mn 33.69 Mn
7 Kingsoft Cloud Holdings 2.97 Bn 2.28 Bn 68.71 Mn -
8 SharonAI Holdings 2.13 Bn 263.45 Mn 1.17 Mn 12.48 Mn
9 Tuya 1.10 Bn 120.87 Mn 43.05 Mn -
10 Backblaze 715.48 Mn 664.10 Mn - -
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 229.00 Mn
Mar 31, 2026 232.00 Mn
Dec 31, 2025 382.00 Mn
Sep 30, 2025 255.00 Mn
Jun 30, 2025 210.00 Mn
Mar 31, 2025 244.00 Mn
Dec 31, 2024 303.00 Mn
Sep 30, 2024 286.00 Mn
Jun 30, 2024 220.00 Mn
Mar 31, 2024 239.00 Mn
Dec 31, 2023 300.00 Mn
Sep 30, 2023 281.00 Mn
Jun 30, 2023 364.00 Mn
Mar 31, 2023 300.00 Mn
Dec 31, 2022 409.00 Mn
Sep 30, 2022 317.00 Mn
Jun 30, 2022 339.00 Mn
Mar 31, 2022 281.00 Mn
Dec 31, 2021 450.00 Mn
Sep 30, 2021 558.00 Mn