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) 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

Historic Data

Download Data
DateValue
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