FFilingLens
Quarterly TTM Annual
Income Balance Cash flow
8P

Three-Statement Breakdown

IBM
2026-06-30 · figures in $M

FCF UP

Free cash flow rose 6.8% to $13.8B — the highest of its last 8 readings, and covered net income 1.29×.

CASH FROM OPS +6.4%
14,888 21.5% MGN
CAPITAL EXPENDITURE +1.8%
1,098
FREE CASH FLOW +6.8%
13,790
FCF / NET INCOME +7.1%
1.29× TARGET >1.0×
Cash flow TTM 24-09 TTM 24-12 TTM 25-03 TTM 25-06 TTM 25-09 TTM 25-12 TTM 26-03 vs prior TTM YoY TTM 8Q
Net income
10-Q
6,397 6,023 5,473 5,833 7,907 10,593 10,754 10,725 -0.3% +83.9% 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
1,256 1,311 1,392 1,517 1,630 1,715 1,820 1,877 +3.1% +23.7% 1,877
Cash from operations
13,578 13,445 13,647 13,282 13,483 13,193 13,992 14,888 +6.4% +12.1% 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
2.12× 2.23× 2.49× 2.28× 1.71× 1.25× 1.30× 1.39× +6.7% -39.0% 1.39×
Capital expenditures
(1,045) (1,048) (1,053) (1,043) (1,012) (1,091) (1,079) (1,098) +1.8% +5.3% (1,098)
Free cash flow
12,533 12,397 12,594 12,239 12,471 12,102 12,913 13,790 +6.8% +12.7% 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
20.0% 19.8% 20.0% 19.1% 19.1% 17.9% 18.7% 20.0% +6.5% +4.4% 20.0%
Cash from investing
-722 -4,937 -13,706 -14,247 -13,098 -10,302 -7,812 -9,991 — — -9,991
Dividends paid
6,119 6,147 6,174 6,201 6,227 6,255 6,282 6,309 +0.4% +1.7% 6,309
Debt repayment
6,600 6,615 5,766 3,956 3,803 5,489 7,160 10,065 +40.6% +154.4% 10,065
Cash from financing
-7,018 -7,079 -3,513 -1,852 -2,099 -3,829 -6,553 -9,426 — — -9,426
Net change in cash
5,939 1,071 -3,604 -2,452 -1,615 -520 -298 -4,809 — — -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
FROM12,913 CASH FROM OPERATIONS+896 CAPITAL EXPENDITURES-19 TO13,790
↹ CLICK A LINE TO SELECT · ⌘F FIND LINE ITEM SRC 10-Q FILED 2026-07-23 ↗