International Business Machines (IBM) FCF Margin (2009 - 2026)
International Business Machines (IBM) posted quarterly FCF Margin of 13.8% for Q2 2026, up 502.0% year-over-year from 2.29% in Q2 2025, and down 55.52% quarter-over-quarter from 31.02% in Q1 2026.
International Business Machines (IBM) FCF Margin (2009 - 2026) Analysis & Trends
International Business Machines' FCF Margin history runs 18 years deep, the most recent figure standing at 13.8% for Q2 2026.
- In Q2 2026, FCF Margin rose 502.0% year-over-year to 13.8%; the TTM figure through Jun 2026 stood at 19.96% (up 85.0% YoY), while the FY2025 annual figure was 17.92%, down 184.0% from the prior year.
- FCF Margin for Q2 2026 stood at 13.8%, 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.
- The 5-year median for FCF Margin is 18.7% (2023), against an average of 18.81%.
- Peak annual rise in FCF Margin reached 876 bps in 2022, while the deepest fall reached 1262 bps in 2022.
- International Business Machines' FCF Margin stood at 21.31% in 2022, then climbed by 12 bps to 23.95% in 2023, then retreated by 4 bps to 22.94% in 2024, then fell by 19 bps to 18.58% in 2025, then fell by 26 bps to 13.8% in 2026.
- Business Quant data shows IBM's FCF Margin at 13.8% in Q2 2026, 31.02% in Q1 2026, and 18.58% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | International Business Machines | 224.11 Bn | 212.75 Bn | 9.91 Bn | 13.80% |
| 2 | Accenture | 114.70 Bn | 104.53 Bn | 6.13 Bn | 19.23% |
| 3 | Infosys | 48.96 Bn | 48.96 Bn | 1.60 Bn | - |
| 4 | Cgi | 33.17 Bn | 32.70 Bn | - | 15.08% |
| 5 | Cognizant Technology Solutions | 29.36 Bn | 28.31 Bn | 1.83 Bn | 8.37% |
| 6 | Fidelity National Information Services | 21.56 Bn | 20.81 Bn | 1.17 Bn | 7.82% |
| 7 | Broadridge Financial Solutions | 21.01 Bn | 20.61 Bn | 853.00 Mn | 28.94% |
| 8 | Wipro | 19.77 Bn | 18.70 Bn | 738.00 Mn | 14.81% |
| 9 | Cdw | 17.80 Bn | 17.44 Bn | 1.32 Bn | -1.26% |
| 10 | Leidos Holdings | 17.79 Bn | 17.04 Bn | 817.00 Mn | 16.70% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 13.80% |
| Mar 31, 2026 | 31.02% |
| Dec 31, 2025 | 18.58% |
| Sep 30, 2025 | 17.31% |
| Jun 30, 2025 | 8.78% |
| Mar 31, 2025 | 28.37% |
| Dec 31, 2024 | 22.94% |
| Sep 30, 2024 | 17.34% |
| Jun 30, 2024 | 11.71% |
| Mar 31, 2024 | 27.17% |
| Dec 31, 2023 | 23.95% |
| Sep 30, 2023 | 18.81% |
| Jun 30, 2023 | 14.69% |
| Mar 31, 2023 | 24.38% |
| Dec 31, 2022 | 21.31% |
| Sep 30, 2022 | 11.23% |
| Jun 30, 2022 | 6.32% |
| Mar 31, 2022 | 20.90% |
| Dec 31, 2021 | 12.54% |
| Sep 30, 2021 | 16.26% |