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

International Business Machines (IBM) has reported FCF Margin for 18 consecutive years, with 13.8% the latest figure, recorded in Q2 2026.

• Quarterly FCF Margin rose 502.0% year-over-year to 13.8% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 19.96% (up 85.0% YoY) and the FY2025 annual result came in at 17.92%, down 184.0% from the prior year.
• FCF Margin fell to 13.8% in Q2 2026 per IBM's latest filing, from 31.02% in the prior quarter.
• Over the last five years, FCF Margin for IBM reached as high as 31.02% in Q1 2026 and fell as low as 6.32% in Q2 2022.
• A 5-year average of 18.81% and a median of 18.7% in 2023 frame the typical range for FCF Margin.
• The largest YoY upside for FCF Margin was 876 bps in 2022 against a maximum downside of 1262 bps in 2022.
• Year by year, FCF Margin stood at 21.31% in 2022, then rose by 12 bps to 23.95% in 2023, then dropped by 4 bps to 22.94% in 2024, then slipped by 19 bps to 18.58% in 2025, then slipped by 26 bps to 13.8% in 2026.
• According to Business Quant data, FCF Margin over the past three periods registered 13.8%, 31.02%, and 18.58% for Q2 2026, Q1 2026, and Q4 2025 respectively.