International Business Machines Corporation IBM
- Market cap
- $214.4B
- P/E
- 19.7×
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International Business Machines Corporation (IBM) Free cash flow
International Business Machines Corporation's free cash flow for fiscal 2025 was $12.2B, down 5.64% from $13.0B in fiscal 2024. Over the twelve months to 30 June 2026 it was $13.8B. Over the past ten years it has ranged from $9.2B (fiscal 2022) to $15.8B (fiscal 2020); the current reading is higher than 36% of that period. International Business Machines Corporation ranks 1st of 72 Information Technology Services companies by free cash flow.
Free cash flow, annual
Annual
| Period | Free cash flow | Change |
|---|---|---|
| FY2025 | $12.2B | (5.64%) |
| FY2024 | $13.0B | (0.41%) |
| FY2023 | $13.0B | 41.38% |
| FY2022 | $9.2B | (17.27%) |
| FY2021 | $11.1B | (29.47%) |
| FY2020 | $15.8B | 21.09% |
| FY2019 | $13.0B | 7.61% |
| FY2018 | $12.1B | (13.29%) |
| FY2017 | $14.0B | 0.10% |
| FY2016 | $13.9B | (0.75%) |
Quarterly
| Period | Free cash flow | Change |
|---|---|---|
| Jun 2026 | $2.4B | (51.65%) |
| Mar 2026 | $4.9B | 35.07% |
| Dec 2025 | $3.7B | 29.18% |
| Sep 2025 | $2.8B | 85.47% |
| 42 more quarters | Free account |
Against its own ten years
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| IBM International Business Machines Corporation | $13.8B |
| ACN Accenture PLC compare | $12.6B |
| FISV Fiserv, Inc. compare | $4.1B |
| INFY American Noble Gas Inc. compare | $3.8B |
| CTSH Cognizant Technology Solutions Corporation compare | $2.6B |
| FIS Fidelity National Information Services, Inc. compare | $1.9B |
| WIT Wipro Limited compare | $1.3B |
| BR Broadridge Financial Solutions, Inc. compare | $1.2B |
| CDW CDW Corporation compare | $860.2M |
What Free cash flow is
Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.
Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)
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