International Business Machines (IBM) Other Working Capital Changes (2009 - 2026)

International Business Machines (IBM) posted quarterly Other Working Capital Changes of $1.3 billion for Q2 2026, down 38.12% year-on-year from $2.2 billion in Q2 2025, and up 161.74% on a QoQ basis from -$2.2 billion in Q1 2026.

International Business Machines (IBM) Other Working Capital Changes (2009 - 2026) Analysis & Trends

International Business Machines (IBM) has reported Other Working Capital Changes for 18 consecutive years, with $1.3 billion the latest figure, recorded in Q2 2026.

  • Quarterly Other Working Capital Changes fell 38.12% year-over-year to $1.3 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $1.7 billion (down 27.83% YoY) and the FY2018 annual result came in at -$554.0 million, changed N/A from the prior year.
  • Other Working Capital Changes rose to $1.3 billion in Q2 2026 per IBM's latest filing, from -$2.2 billion in the prior quarter.
  • Over the last five years, Other Working Capital Changes for IBM reached as high as $2.2 billion in Q3 2022 and fell as low as -$2.2 billion in Q1 2026.
  • A 5-year average of $143.1 million and a median of $339.0 million in 2023 frame the typical range for Other Working Capital Changes.
  • Annual changes were most pronounced in 2023 — Other Working Capital Changes tumbled 102.36% — and 2024, when it soared 1532.08%.
  • Year by year, Other Working Capital Changes stood at $2.2 billion in 2022, then slumped by 102.36% to -$53.0 million in 2023, then surged by 1532.08% to $759.0 million in 2024, then sank by 49.54% to $383.0 million in 2025, then jumped by 252.22% to $1.3 billion in 2026.
  • According to Business Quant data, Other Working Capital Changes over the past three periods registered $1.3 billion, -$2.2 billion, and $383.0 million for Q2 2026, Q1 2026, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 International Business Machines 193.88 Bn 178.95 Bn 9.91 Bn
2 Accenture 84.94 Bn 75.26 Bn 6.13 Bn
3 GDS Holdings 50.55 Bn 48.40 Bn 164.04 Mn
4 Infosys 44.05 Bn 44.79 Bn 1.60 Bn
5 Cgi 41.25 Bn 40.60 Bn -
6 Fidelity National Information Services 20.63 Bn 19.87 Bn 1.11 Bn
7 Cognizant Technology Solutions 20.39 Bn 18.87 Bn 1.78 Bn
8 Wipro 18.65 Bn 17.52 Bn 738.00 Mn
9 Broadridge Financial Solutions 16.79 Bn 16.48 Bn 626.90 Mn
10 Cdw 16.66 Bn 16.08 Bn 1.19 Bn

Historic Data

Download Data
DateValue
Jun 30, 2026 1.35 Bn
Jun 30, 2026 1.35 Bn
Jun 30, 2026 1.35 Bn
Mar 31, 2026 -2.19 Bn
Mar 31, 2026 -2.19 Bn
Mar 31, 2026 -2.19 Bn
Sep 30, 2025 383.00 Mn
Sep 30, 2025 383.00 Mn
Sep 30, 2025 383.00 Mn
Jun 30, 2025 2.18 Bn
Jun 30, 2025 2.18 Bn
Jun 30, 2025 2.18 Bn
Mar 31, 2025 -1.76 Bn
Mar 31, 2025 -1.76 Bn
Mar 31, 2025 -1.76 Bn
Sep 30, 2024 759.00 Mn
Sep 30, 2024 759.00 Mn
Sep 30, 2024 759.00 Mn
Jun 30, 2024 1.21 Bn
Jun 30, 2024 1.21 Bn