International Business Machines Quarterly Cash Flow Statement
NYSE: IBMTechnologyComputer ManufacturingUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
International Business Machines free cash flow
In the quarter ended Jun 30, 2026, International Business Machines generated $2.60 billion of operating cash flow and spent $229.0 million on capital expenditures. That left free cash flow of $2.37 billion, a free-cash-flow margin of 13.8% of revenue. Free cash flow was up 58.8% from the prior year's $1.49 billion.
International Business Machines returned $1.59 billion to shareholders through dividends, equal to 67% of free cash flow. Free cash flow covered dividend payments 1.5 times.
Summary generated from market data by MetaCap's automated system. Methodology
International Business Machines cash flow statement (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 2.17B | 1.22B | 5.60B | 1.74B | 2.19B | 1.05B | 2.91B | -330.00M | 1.83B | 1.60B | 3.29B | 1.70B |
| Net Income growth (YoY) | -1.32% | +15.26% | +92.18% | — | +19.63% | -34.27% | -11.37% | -119.37% | +15.86% | +73.14% | +21.33% | — |
| Depreciation & Amortization | 533.00M | 555.00M | 586.00M | 584.00M | 578.00M | 536.00M | 524.00M | 563.00M | 548.00M | 533.00M | 541.00M | 521.00M |
| Stock-Based Compensation | 498.00M | 506.00M | 430.00M | 443.00M | 441.00M | 401.00M | 345.00M | 330.00M | 316.00M | 320.00M | 290.00M | 287.00M |
| Change in Working Capital | -1.35B | 2.19B | — | -383.00M | -2.18B | 1.76B | — | -759.00M | -1.21B | 1.36B | — | 53.00M |
| Operating Cash Flow | 2.60B | 5.17B | 4.04B | 3.08B | 1.70B | 4.37B | 4.33B | 2.88B | 2.07B | 4.17B | 4.46B | 3.06B |
| Capital Expenditures | -229.00M | -232.00M | -382.00M | -255.00M | -210.00M | -244.00M | -303.00M | -286.00M | -220.00M | -239.00M | -300.00M | -281.00M |
| Investing Cash Flow | -481.00M | -10.49B | 1.42B | -438.00M | 1.70B | -12.98B | -1.38B | -1.59B | 2.24B | -4.21B | 2.84B | -1.95B |
| Dividends Paid | -1.59B | -1.58B | -1.57B | -1.57B | -1.56B | -1.55B | -1.55B | -1.54B | -1.54B | -1.52B | -1.52B | -1.51B |
| Debt Issued | 0 | 7.44B | 0 | 6.00M | 7.00M | 8.38B | 0 | 0 | 219.00M | 5.49B | 0 | 154.00M |
| Debt Repaid | -4.21B | -2.93B | -1.81B | -1.11B | -1.31B | -1.26B | -124.00M | -1.27B | -3.12B | -2.11B | -109.00M | -1.71B |
| Financing Cash Flow | -5.73B | 2.72B | -3.41B | -3.01B | -2.85B | 5.44B | -1.68B | -2.77B | -4.51B | 1.88B | -1.61B | -3.13B |
| Net Change in Cash | -3.65B | -2.78B | 2.04B | -427.00M | 865.00M | -3.00B | 946.00M | -1.26B | -287.00M | 1.68B | 5.81B | -2.15B |
| Free Cash Flow | 2.37B | 4.94B | 3.66B | 2.83B | 1.49B | 4.13B | 4.03B | 2.60B | 1.85B | 3.93B | 4.16B | 2.77B |
This table shows 12 quarterly periods of International Business Machines's cash flow statement, from Q2 2026 back to Q3 2023, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow IBM's reporting calendar. What is a cash flow statement?