International Business Machines IBM
NYSE IBM
$243.24 +9.17 (+3.92%)
At close: Sep 11, 2026 · 4:00 PM EDT

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

Historic Data

Download Data
DateValue
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