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| Date | Value |
|---|---|
| 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 |