International Business Machines (IBM) Free Cash Flow (2009 - 2026)
International Business Machines (IBM) posted Free Cash Flow of $2.4 billion for Q2 2026, down 52.04% on a QoQ basis from $4.9 billion in Q1 2026, and up 58.82% year-over-year from $1.5 billion in Q2 2025.
Analysis
International Business Machines (IBM) Free Cash Flow (2009 - 2026) Analysis & Trends
International Business Machines has reported Free Cash Flow for 18 years, with the latest figure at $2.4 billion in Q2 2026.
- On a quarterly basis, Free Cash Flow rose 58.82% year-over-year to $2.4 billion in Q2 2026; TTM through Jun 2026 was $13.8 billion, a 12.67% increase from a year earlier, with the FY2025 full-year figure at $12.1 billion, down 2.38% from the prior year.
- Free Cash Flow was $2.4 billion for Q2 2026 at International Business Machines, down from $4.9 billion in the prior quarter.
- The five-year high for Free Cash Flow was $4.9 billion in Q1 2026, with the low at $982.0 million in Q2 2022.
- Average Free Cash Flow over 5 years is $3.0 billion, with a median of $2.9 billion recorded in 2022.
- The sharpest annual moves came in 2022 and 2023: Free Cash Flow sank 52.45% in 2022, then surged 131.57% in 2023.
- Over 5 years, Free Cash Flow stood at $3.6 billion in 2022, then rose by 17.07% to $4.2 billion in 2023, then decreased by 3.27% to $4.0 billion in 2024, then slipped by 9.16% to $3.7 billion in 2025, then tumbled by 35.27% to $2.4 billion in 2026.
- The last three Free Cash Flow figures came in at $2.4 billion (Q2 2026), $4.9 billion (Q1 2026), and $3.7 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,681.04 Bn | 3,548.29 Bn | 60.48 Bn | 19.64 Bn |
| 2 | International Business Machines | 229.16 Bn | 217.90 Bn | 9.91 Bn | 2.37 Bn |
| 3 | Nebius | 56.81 Bn | 48.77 Bn | 448.70 Mn | 7.90 Bn |
| 4 | CoreWeave | 49.03 Bn | 43.49 Bn | 1.70 Bn | -5.74 Bn |
| 5 | Nutanix | 17.82 Bn | 15.80 Bn | 610.79 Mn | 197.18 Mn |
| 6 | DigitalOcean Holdings | 12.89 Bn | 12.13 Bn | 154.66 Mn | 76.27 Mn |
| 7 | Kingsoft Cloud Holdings | 2.97 Bn | 2.28 Bn | 68.71 Mn | 418.68 Mn |
| 8 | SharonAI Holdings | 2.13 Bn | 263.45 Mn | 1.17 Mn | 18.22 Mn |
| 9 | Tuya | 1.10 Bn | 120.87 Mn | 43.05 Mn | 6.17 Mn |
| 10 | Backblaze | 715.48 Mn | 664.10 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.37 Bn |
| Mar 31, 2026 | 4.94 Bn |
| Dec 31, 2025 | 3.66 Bn |
| Sep 30, 2025 | 2.83 Bn |
| Jun 30, 2025 | 1.49 Bn |
| Mar 31, 2025 | 4.13 Bn |
| Dec 31, 2024 | 4.03 Bn |
| Sep 30, 2024 | 2.60 Bn |
| Jun 30, 2024 | 1.85 Bn |
| Mar 31, 2024 | 3.93 Bn |
| Dec 31, 2023 | 4.16 Bn |
| Sep 30, 2023 | 2.78 Bn |
| Jun 30, 2023 | 2.27 Bn |
| Mar 31, 2023 | 3.47 Bn |
| Dec 31, 2022 | 3.56 Bn |
| Sep 30, 2022 | 1.58 Bn |
| Jun 30, 2022 | 982.00 Mn |
| Mar 31, 2022 | 2.97 Bn |
| Dec 31, 2021 | 2.09 Bn |
| Sep 30, 2021 | 2.16 Bn |