International Business Machines (IBM) FCF Margin (2009 - 2026)

International Business Machines' FCF Margin history runs 18 years deep, the most recent figure standing at 31.02% for Q1 2026.

• In Q1 2026, FCF Margin rose 264.0% year-over-year to 31.02%; the TTM figure through Mar 2026 stood at 18.74% (down 130.0% YoY), while the FY2025 annual figure was 17.92%, down 184.0% from the prior year.
• FCF Margin was 31.02% for Q1 2026 at International Business Machines, up from 18.58% in the prior quarter.
• In the past five years, FCF Margin ranged from a high of 31.02% in Q1 2026 to a low of 6.32% in Q2 2022.
• Historically, FCF Margin has averaged 19.11% across 5 years, with a median of 18.81% in 2023.
• Biggest YoY gain for FCF Margin was 876 bps in 2022; the steepest drop was 1262 bps in 2022.
• A 5-year view of FCF Margin shows it stood at 21.31% in 2022, then grew by 12 bps to 23.95% in 2023, then decreased by 4 bps to 22.94% in 2024, then retreated by 19 bps to 18.58% in 2025, then soared by 67 bps to 31.02% in 2026.
• The last three FCF Margin figures came in at 31.02% (Q1 2026), 18.58% (Q4 2025), and 17.31% (Q3 2025), per Business Quant data.