International Business Machines (IBM) Interest Coverage Ratio (2009 - 2026)
International Business Machines (IBM) posted quarterly Interest Coverage Ratio of 2.11 for Q2 2026, down 9.08% year-on-year from 2.32 in Q2 2025, and up 54.79% on a QoQ basis from 1.36 in Q1 2026.
International Business Machines (IBM) Interest Coverage Ratio (2009 - 2026) Analysis & Trends
International Business Machines (IBM) has reported Interest Coverage Ratio for 18 consecutive years, with 2.11 the latest figure, recorded in Q2 2026.
- Quarterly Interest Coverage Ratio fell 9.08% year-over-year to 2.11 in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 8.95 (up 18.67% YoY) and the FY2025 annual result came in at 5.32, up 25.45% from the prior year.
- Interest Coverage Ratio rose to 2.11 in Q2 2026 per IBM's latest filing, from 1.36 in the prior quarter.
- Over the last five years, Interest Coverage Ratio for IBM reached as high as 10.42 in Q4 2022 and fell as low as 0.67 in Q1 2023.
- A 5-year average of 2.82 and a median of 1.32 in 2023 frame the typical range for Interest Coverage Ratio.
- Annual changes were most pronounced in 2022 — Interest Coverage Ratio jumped 131.36% — and 2024, when it tumbled 34.66%.
- Year by year, Interest Coverage Ratio stood at 10.42 in 2022, then declined by 23.24% to 8.0 in 2023, then slumped by 34.66% to 5.23 in 2024, then soared by 71.24% to 8.95 in 2025, then sank by 76.46% to 2.11 in 2026.
- According to Business Quant data, Interest Coverage Ratio over the past three periods registered 2.11, 1.36, and 8.95 for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | International Business Machines | 193.88 Bn | 178.95 Bn | 9.91 Bn | 2.11 |
| 2 | Accenture | 84.94 Bn | 75.26 Bn | 6.13 Bn | 9.79 |
| 3 | GDS Holdings | 50.55 Bn | 48.40 Bn | 164.04 Mn | -2.38 |
| 4 | Infosys | 44.05 Bn | 44.79 Bn | 1.60 Bn | 0.90 |
| 5 | Cgi | 41.25 Bn | 40.60 Bn | - | - |
| 6 | Fidelity National Information Services | 20.63 Bn | 19.87 Bn | 1.11 Bn | 1.36 |
| 7 | Cognizant Technology Solutions | 20.39 Bn | 18.87 Bn | 1.78 Bn | 120.43 |
| 8 | Wipro | 18.65 Bn | 17.52 Bn | 738.00 Mn | -8.28 |
| 9 | Broadridge Financial Solutions | 16.79 Bn | 16.48 Bn | 626.90 Mn | 0.24 |
| 10 | Cdw | 16.66 Bn | 16.08 Bn | 1.19 Bn | 7.26 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 2.11 |
| Mar 31, 2026 | 1.36 |
| Dec 31, 2025 | 8.95 |
| Sep 30, 2025 | 2.06 |
| Jun 30, 2025 | 2.32 |
| Mar 31, 2025 | 1.01 |
| Dec 31, 2024 | 5.23 |
| Sep 30, 2024 | 1.04 |
| Jun 30, 2024 | 1.58 |
| Mar 31, 2024 | 0.70 |
| Dec 31, 2023 | 8.00 |
| Sep 30, 2023 | 1.14 |
| Jun 30, 2023 | 1.28 |
| Mar 31, 2023 | 0.67 |
| Dec 31, 2022 | 10.42 |
| Sep 30, 2022 | 1.01 |
| Jun 30, 2022 | 1.23 |
| Mar 31, 2022 | 0.73 |
| Dec 31, 2021 | 4.50 |
| Sep 30, 2021 | 0.83 |