International Business Machines (IBM) Operating Leases (2009 - 2026)
International Business Machines (IBM) posted Operating Leases of $2.5 billion for Q2 2026, down 4.84% on a QoQ basis from $2.6 billion in Q1 2026, and down 8.04% year-over-year from $2.7 billion in Q2 2025.
Analysis
International Business Machines (IBM) Operating Leases (2009 - 2026) Analysis & Trends
International Business Machines has reported Operating Leases for 17 years, with the latest figure at $2.5 billion in Q2 2026.
- On a quarterly basis, Operating Leases fell 8.04% year-over-year to $2.5 billion in Q2 2026; TTM through Jun 2026 was $2.5 billion, a 8.04% decrease from a year earlier, with the FY2025 full-year figure at $2.5 billion, down 4.07% from the prior year.
- Operating Leases was $2.5 billion for Q2 2026 at International Business Machines, down from $2.6 billion in the prior quarter.
- The five-year high for Operating Leases was $2.8 billion in Q3 2024, with the low at $2.0 billion in Q2 2023.
- Average Operating Leases over 5 years is $2.5 billion, with a median of $2.5 billion recorded in 2024.
- The sharpest annual moves came in 2022 and 2024: Operating Leases slumped 34.12% in 2022, then grew 28.2% in 2024.
- Over 5 years, Operating Leases stood at $2.2 billion in 2022, then grew by 17.26% to $2.6 billion in 2023, then advanced by 3.39% to $2.7 billion in 2024, then fell by 4.07% to $2.5 billion in 2025, then dropped by 1.26% to $2.5 billion in 2026.
- The last three Operating Leases figures came in at $2.5 billion (Q2 2026), $2.6 billion (Q1 2026), and $2.5 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Microsoft | 3,681.04 Bn | 3,548.29 Bn | 60.48 Bn |
| 2 | International Business Machines | 229.16 Bn | 217.90 Bn | 9.91 Bn |
| 3 | Nebius | 56.81 Bn | 48.77 Bn | 448.70 Mn |
| 4 | CoreWeave | 49.03 Bn | 43.49 Bn | 1.70 Bn |
| 5 | Nutanix | 17.82 Bn | 15.80 Bn | 610.79 Mn |
| 6 | DigitalOcean Holdings | 12.89 Bn | 12.13 Bn | 154.66 Mn |
| 7 | Kingsoft Cloud Holdings | 2.97 Bn | 2.28 Bn | 68.71 Mn |
| 8 | SharonAI Holdings | 2.13 Bn | 263.45 Mn | 1.17 Mn |
| 9 | Tuya | 1.10 Bn | 120.87 Mn | 43.05 Mn |
| 10 | Backblaze | 715.48 Mn | 664.10 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.52 Bn |
| Mar 31, 2026 | 2.64 Bn |
| Dec 31, 2025 | 2.55 Bn |
| Sep 30, 2025 | 2.65 Bn |
| Jun 30, 2025 | 2.74 Bn |
| Mar 31, 2025 | 2.75 Bn |
| Dec 31, 2024 | 2.66 Bn |
| Sep 30, 2024 | 2.76 Bn |
| Jun 30, 2024 | 2.55 Bn |
| Mar 31, 2024 | 2.58 Bn |
| Dec 31, 2023 | 2.57 Bn |
| Sep 30, 2023 | 2.48 Bn |
| Jun 30, 2023 | 1.99 Bn |
| Mar 31, 2023 | 2.09 Bn |
| Dec 31, 2022 | 2.19 Bn |
| Sep 30, 2022 | 2.10 Bn |
| Jun 30, 2022 | 2.18 Bn |
| Mar 31, 2022 | 2.36 Bn |
| Dec 31, 2021 | 2.46 Bn |
| Sep 30, 2021 | 3.19 Bn |