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International Business Machines (IBM) FCF Margin (2016 - 2025)

International Business Machines (IBM) has 17 years of FCF Margin data on record, last reported at 18.58% in Q4 2025.

  • For Q4 2025, FCF Margin fell 436.0% year-over-year to 18.58%; the TTM value through Dec 2025 reached 17.92%, down 184.0%, while the annual FY2025 figure was 17.92%, 184.0% down from the prior year.
  • FCF Margin reached 18.58% in Q4 2025 per IBM's latest filing, up from 17.31% in the prior quarter.
  • Across five years, FCF Margin topped out at 33.52% in Q1 2021 and bottomed at 6.32% in Q2 2022.
  • Average FCF Margin over 5 years is 18.59%, with a median of 17.96% recorded in 2024.
  • The widest YoY moves for FCF Margin: up 1163bps in 2021, down -25184bps in 2021.
  • A 5-year view of FCF Margin shows it stood at 17.21% in 2021, then rose by 24bps to 21.31% in 2022, then grew by 12bps to 23.95% in 2023, then decreased by -4bps to 22.94% in 2024, then dropped by -19bps to 18.58% in 2025.
  • Per Business Quant database, its latest 3 readings for FCF Margin were 18.58% in Q4 2025, 17.31% in Q3 2025, and 8.78% in Q2 2025.