stockrowInternational Business Machines Corporation
IBM Technology Information Technology Services
International Business Machines Corporation’s revenue for fiscal 2025 (year ended December 2025) was $67.5 billion, up 7.62% from fiscal 2024.
- Revenue
- +4.73%
- EPS
- +24.1%
- Free cash flow
- +31.3%
- Total debt
- +1.11%
Quarter to September 2026, against a year earlier
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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 September 2026 it was $14.7B. 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 78 Information Technology Services companies by free cash flow.
Free cash flow, annual
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Annual newest first
| 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 newest first
| Period | Free cash flow | Change |
|---|---|---|
| Sep 2026 | $3.7B | 55.67% |
| Jun 2026 | $2.4B | (51.65%) |
| Mar 2026 | $4.9B | 35.07% |
| Dec 2025 | $3.7B | 29.18% |
| 43 more quarters | Free account |
Against its own ten years
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| IBM International Business Machines Corporation | $14.7B |
| ACN Accenture PLC compare | $11.6B |
| INFY American Noble Gas Inc. compare | $3.6B |
| FISV Fiserv, Inc. compare | $3.2B |
| CTSH Cognizant Technology Solutions Corporation compare | $2.4B |
| LDOS Leidos Holdings, Inc. compare | $2.0B |
| WIT Wipro Limited compare | $1.5B |
| BR Broadridge Financial Solutions, Inc. compare | $1.3B |
| CDW CDW Corporation compare | $933.7M |
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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