NYSE:IBM | Free Cash Flow | INTERNATIONAL BUSINESS MACHINES CORP

Free cash flow is operating cash flow less capital expenditure. FCF / net income requires positive matching-period earnings.

Available history
2007-12-31 to 2026-03-31
Data captured

Historical Free Cash Flow

DateOperating cash flowCapital expenditureFree cash flowFCF / net income
2026-03-31$5.17B$232M$4.94B406.00%
2025-12-31$4.04B$382M$3.66B65.32%
2025-03-31$4.37B$244M$4.13B391.09%
2024-12-31$4.33B$303M$4.03B138.19%
2024-03-31$4.17B$239M$3.93B244.80%
2023-12-31$4.46B$300M$4.16B126.61%
2023-03-31$3.77B$300M$3.47B374.76%
2022-12-31$3.97B$409M$3.56B131.22%
2022-03-31$3.25B$281M$2.97B404.77%
2021-12-31$2.54B$450M$2.09B89.76%
2021-03-31$4.91B$494M$4.42B462.83%
2020-12-31$5.86B$678M$5.18B382.15%
2020-03-31$4.48B$630M$3.85B327.32%
2019-12-31$3.45B$576M$2.88B78.34%
2019-03-31$4.76B$539M$4.22B265.24%
2018-12-31$4.12B$782M$3.34B171.04%
2018-03-31$4.6B$870M$3.73B222.28%
2017-12-31$5.73B$956M$4.78B
2017-03-31$3.96B$740M$3.22B183.71%
2016-12-31$3.98B$973M$3.01B66.79%
2016-03-31$5.53B$956M$4.57B227.11%
2015-12-31$5.53B$909M$4.62B103.45%
2015-03-31$3.61B$857M$2.75B118.26%
2014-12-31$6.06B$947M$5.11B93.23%
2014-03-31$3.33B$849M$2.48B103.90%
2013-12-31$6.53B$1.06B$5.46B88.36%
2013-03-31$4.02B$714M$3.31B109.14%
2012-12-31$6.35B$1B$5.35B91.65%
2012-03-31$4.29B$937M$3.35B109.39%
2011-12-31$7.1B$1.05B$6.05B110.16%
2011-03-31$3.79B$1B$2.79B97.45%
2010-03-31$4.44B$758M$3.68B141.45%
2009-12-31$6.45B
2009-03-31$4.39B
2008-12-31$6.62B

Annual Free Cash Flow

DateOperating cash flowCapital expenditureFree cash flowFCF / net income
2025-12-31$13.19B$1.09B$12.1B114.25%
2024-12-31$13.45B$1.05B$12.4B205.83%
2023-12-31$13.93B$1.25B$12.69B169.10%
2022-12-31$10.44B$1.35B$9.09B554.55%
2021-12-31$12.8B$2.06B$10.73B186.91%
2020-12-31$18.2B$2.62B$15.58B278.69%
2019-12-31$14.77B$2.29B$12.48B132.37%
2018-12-31$15.25B$3.4B$11.85B135.79%
2017-12-31$16.72B$3.23B$13.5B234.57%
2016-12-31$17.08B$3.57B$13.52B113.86%
2015-12-31$17.26B$3.58B$13.68B103.68%
2014-12-31$16.87B$3.74B$13.13B109.20%
2013-12-31$17.49B$3.62B$13.86B84.10%
2012-12-31$19.59B$4.08B$15.5B93.38%
2011-12-31$19.85B$4.11B$15.74B99.26%
2010-12-31$19.55B$4.19B$15.36B103.58%
2009-12-31$20.77B$3.45B$17.33B129.06%
2008-12-31$18.81B$4.17B$14.64B118.70%
2007-12-31$16.09B$4.63B$11.46B110.04%