Growth Metrics

International Business Machines (IBM) FCF Margin (2016 - 2026)

International Business Machines has reported FCF Margin over the past 18 years, most recently at 31.02% for Q1 2026.

  • For Q1 2026, FCF Margin rose 264.0% year-over-year to 31.02%; the TTM value through Mar 2026 reached 18.74%, down 130.0%, while the annual FY2025 figure was 17.92%, 184.0% down from the prior year.
  • FCF Margin for Q1 2026 was 31.02% at International Business Machines, up from 18.58% in the prior quarter.
  • Over five years, FCF Margin peaked at 31.02% in Q1 2026 and troughed at 6.32% in Q2 2022.
  • A 5-year average of 19.11% and a median of 18.81% in 2023 define the central range for FCF Margin.
  • On a YoY basis, FCF Margin climbed as much as 876bps in 2022 and fell as far as -1262bps in 2022.
  • Year by year, FCF Margin stood at 21.31% in 2022, then rose by 12bps to 23.95% in 2023, then dropped by -4bps to 22.94% in 2024, then fell by -19bps to 18.58% in 2025, then surged by 67bps to 31.02% in 2026.
  • Business Quant data shows FCF Margin for IBM at 31.02% in Q1 2026, 18.58% in Q4 2025, and 17.31% in Q3 2025.