FFilingLens
Quarterly TTM Annual
Income Balance Cash flow
8Q

Three-Statement Breakdown

IBM
2026-06-30 · figures in $M

FCF DOWN

Free cash flow fell 52% to $2.4B, and covered net income 1.09×.

CASH FROM OPS -49.8%
2,597 15.1% MGN
CAPITAL EXPENDITURE -1.3%
229
FREE CASH FLOW -52.0%
2,368
FCF / NET INCOME -73.1%
1.09× TARGET >1.0×
Cash flow 24-09 24-12 25-03 25-06 25-09 25-12 26-03 QoQ YoY TTM 8Q
Net income
10-Q
-330 2,914 1,055 2,194 1,744 5,600 1,216 2,165 +78.0% -1.3% 10,725 2024-09-30 · -$330.0M2024-12-31 · $2.9B2025-03-31 · $1.1B2025-06-30 · $2.2B2025-09-30 · $1.7B2025-12-31 · $5.6B2026-03-31 · $1.2B2026-06-30 · $2.2B
Stock-based comp
330 345 401 441 443 430 506 498 -1.6% +12.9% 1,877
Cash from operations
2,881 4,330 4,370 1,701 3,082 4,040 5,169 2,597 -49.8% +52.7% 14,888 2024-09-30 · $2.9B2024-12-31 · $4.3B2025-03-31 · $4.4B2025-06-30 · $1.7B2025-09-30 · $3.1B2025-12-31 · $4.0B2026-03-31 · $5.2B2026-06-30 · $2.6B
Cash conversion
NOT DISCLOSED
— 1.49× 4.14× 0.78× 1.77× 0.72× 4.25× 1.20× -71.8% +54.7% 1.39×
Capital expenditures
(286) (303) (244) (210) (255) (382) (232) (229) -1.3% +9.0% (1,098)
Free cash flow
2,595 4,027 4,126 1,491 2,827 3,658 4,937 2,368 -52.0% +58.8% 13,790 2024-09-30 · $2.6B2024-12-31 · $4.0B2025-03-31 · $4.1B2025-06-30 · $1.5B2025-09-30 · $2.8B2025-12-31 · $3.7B2026-03-31 · $4.9B2026-06-30 · $2.4B
FCF margin
17.3% 22.9% 28.4% 8.8% 17.3% 18.6% 31.0% 13.8% -55.5% +57.1% 20.0%
Cash from investing
-1,587 -1,379 -12,979 1,698 -438 1,417 -10,489 -481 — — -9,991
Dividends paid
1,543 1,546 1,549 1,563 1,569 1,574 1,576 1,590 +0.9% +1.7% 6,309
Debt repayment
1,267 124 1,257 1,308 1,114 1,810 2,928 4,213 +43.9% 3.2× 10,065
Cash from financing
-2,765 -1,676 5,443 -2,854 -3,012 -3,406 2,719 -5,727 — — -9,426
Net change in cash
-1,264 946 -2,999 865 -427 2,041 -2,777 -3,646 — — -4,809
Ending cash balance
13,197 13,947 11,035 11,943 11,569 13,587 10,819 7,172 -33.7% -39.9% 7,172

Click a line to select it — Enter or the EXPAND pill folds out its quarter-by-quarter history.

SELECTED · FREE CASH FLOW · QoQ BRIDGE
FROM4,937 CASH FROM OPERATIONS-2,572 CAPITAL EXPENDITURES+3 TO2,368
↹ CLICK A LINE TO SELECT · ⌘F FIND LINE ITEM SRC 10-Q FILED 2026-07-23 ↗