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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |