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

International Business Machines has reported FCF Margin for 18 years, with the latest figure at 13.8% in Q2 2026.

• On a quarterly basis, FCF Margin rose 502.0% year-over-year to 13.8% in Q2 2026; TTM through Jun 2026 was 19.96%, a 85.0% increase from a year earlier, with the FY2025 full-year figure at 17.92%, down 184.0% from the prior year.
• FCF Margin was 13.8% for Q2 2026 at International Business Machines, down from 31.02% in the prior quarter.
• The five-year high for FCF Margin was 31.02% in Q1 2026, with the low at 6.32% in Q2 2022.
• Average FCF Margin over 5 years is 18.81%, with a median of 18.7% recorded in 2023.
• The largest YoY upside for FCF Margin was 876 bps in 2022 against a maximum downside of 1262 bps in 2022.
• Over 5 years, FCF Margin stood at 21.31% in 2022, then increased by 12 bps to 23.95% in 2023, then slipped by 4 bps to 22.94% in 2024, then decreased by 19 bps to 18.58% in 2025, then decreased by 26 bps to 13.8% in 2026.
• The last three FCF Margin figures came in at 13.8% (Q2 2026), 31.02% (Q1 2026), and 18.58% (Q4 2025), per Business Quant data.