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INTERNATIONAL BUSINESS MACHINES CORP Free Cash Flow 2007-2026 | IBM

Annual FY2007–FY2025 · quarterly through Q2 FY2026

Latest annual · FY2025

$12.10B

−2.4%YoY vs FY2024Source: 10-KFY2025

From $11.46B in FY2007 to $12.10B in FY2025: 1.1× in 18 years.

By quarter▲▼ vs a year before
Fiscal yearQ1Q2Q3Q4
FY26$4.9B+19.7%$2.4B+58.8%Not reportedNot reported
FY25$4.1B+5.0%$1.5B−19.2%$2.8B+8.9%$3.7B−9.2%
FY24$3.9B+13.1%$1.8B−18.8%$2.6B−6.5%$4.0B−3.3%
FY23$3.5B+17.1%$2.3B+131.6%$2.8B+75.2%$4.2B+17.1%
FY22$3.0B−32.9%$982M−52.4%$1.6B−26.5%$3.6B+69.8%
Share32%16%22%30%

Shaded by size: darkest is the largest quarter shown; ringed is the latest reported; a dash marks a quarter with no separate figure. Each quarter sits by its period-end date. Share: its typical part of the fiscal year.

Key Statistics

Trend DirectionDeclining
CAGR

−4.9%

FY2020
$15.58B
FY2025
$12.10B

5 years selected · on the chart

01—History

Free Cash Flow History

Year-over-year comparison from 10-K annual reports

  19. $12.10B
YoY changeLargest recent move+39.6%in FY23Latest −2.4%

02—Ledger

Free Cash Flow, period by period

PeriodValueChangeSource
FY2025$12.10B−2.4%10-K
FY2024$12.40B−2.3%10-K
FY2023$12.69B+39.6%10-K
FY2022$9.09B−15.3%10-K
FY2021$10.73B−31.1%10-K
FY2020$15.58B+24.8%10-K
FY2019$12.48B+5.3%10-K
FY2018$11.85B−12.2%10-K
FY2017$13.49B−0.2%10-K
FY2016$13.52B+0.7%10-K
FY2015$13.43B+2.3%10-K
FY2014$13.13B−5.3%10-K
FY2013$13.86B−10.6%10-K
FY2012$15.50B−1.5%10-K
FY2011$15.74B+2.4%10-K
FY2010$15.36B−11.3%10-K
FY2009$17.33B+18.3%10-K
FY2008$14.64B+27.7%10-K
FY2007$11.46B—10-K

03—Questions

What is INTERNATIONAL BUSINESS MACHINES CORP's current free cash flow?

INTERNATIONAL BUSINESS MACHINES CORP (IBM) annual free cash flow for 2025 was $12.10B, a 2.38% decline from 2024. INTERNATIONAL BUSINESS MACHINES CORP free cash flow for the quarter ending June 30, 2026 was $2.37B.

What was INTERNATIONAL BUSINESS MACHINES CORP's free cash flow in 2024?

INTERNATIONAL BUSINESS MACHINES CORP annual free cash flow for 2024 was $12.40B, a 2.28% decline from 2023.

What was INTERNATIONAL BUSINESS MACHINES CORP's free cash flow in 2023?

INTERNATIONAL BUSINESS MACHINES CORP annual free cash flow for 2023 was $12.69B, a 39.58% increase from 2022.

What is INTERNATIONAL BUSINESS MACHINES CORP's 5-year free cash flow CAGR?

INTERNATIONAL BUSINESS MACHINES CORP free cash flow grew at a compound annual growth rate (CAGR) of 4.93% from FY2020 to FY2025, going from $15.58B to $12.10B over 5 years.

Company
INTERNATIONAL BUSINESS MACHINES CORP
Ticker
IBM
Sector
Technology
Industry
Computer & office Equipment
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