International Business Machines (IBM) Other Working Capital Changes (2009 - 2026)
International Business Machines (IBM) posted Other Working Capital Changes of $1.3 billion for Q2 2026, up 161.74% on a QoQ basis from -$2.2 billion in Q1 2026, and down 38.12% year-over-year from $2.2 billion in Q2 2025.
Analysis
International Business Machines (IBM) Other Working Capital Changes (2009 - 2026) Analysis & Trends
International Business Machines has reported Other Working Capital Changes for 18 years, with the latest figure at $1.3 billion in Q2 2026.
- On a quarterly basis, Other Working Capital Changes fell 38.12% year-over-year to $1.3 billion in Q2 2026; TTM through Jun 2026 was -$1.8 billion, a 70.43% decrease from a year earlier, with the FY2025 full-year figure at -$495.0 million, up 69.08% from the prior year.
- Other Working Capital Changes was $1.3 billion for Q2 2026 at International Business Machines, up from -$2.2 billion in the prior quarter.
- The five-year high for Other Working Capital Changes was $2.2 billion in Q3 2022, with the low at -$2.8 billion in Q4 2022.
- Average Other Working Capital Changes over 5 years is -$251.3 million, with a median of -$126.0 million recorded in 2023.
- The largest YoY upside for Other Working Capital Changes was 1532.08% in 2024 against a maximum downside of 1009.55% in 2024.
- Over 5 years, Other Working Capital Changes stood at -$2.8 billion in 2022, then soared by 92.95% to -$199.0 million in 2023, then slumped by 1009.55% to -$2.2 billion in 2024, then soared by 41.17% to -$1.3 billion in 2025, then surged by 203.85% to $1.3 billion in 2026.
- The last three Other Working Capital Changes figures came in at $1.3 billion (Q2 2026), -$2.2 billion (Q1 2026), and -$1.3 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 | 1.35 Bn |
| Jun 30, 2026 | 1.35 Bn |
| Mar 31, 2026 | -2.19 Bn |
| Mar 31, 2026 | -2.19 Bn |
| Dec 31, 2025 | -1.30 Bn |
| Dec 31, 2025 | -1.30 Bn |
| Sep 30, 2025 | 383.00 Mn |
| Sep 30, 2025 | 383.00 Mn |
| Jun 30, 2025 | 2.18 Bn |
| Jun 30, 2025 | 2.18 Bn |
| Mar 31, 2025 | -1.76 Bn |
| Mar 31, 2025 | -1.76 Bn |
| Dec 31, 2024 | -2.21 Bn |
| Dec 31, 2024 | -2.21 Bn |
| Sep 30, 2024 | 759.00 Mn |
| Sep 30, 2024 | 759.00 Mn |
| Jun 30, 2024 | 1.21 Bn |
| Jun 30, 2024 | 1.21 Bn |
| Mar 31, 2024 | -1.37 Bn |
| Mar 31, 2024 | -1.37 Bn |