Operating CF
$13.99B
Capex
−$904.00M
Free Cash Flow
$13.09B
FCF Margin
+93.5%
Cash flow waterfall for IBM (IBM) — TTM through Q1 2026
Free cash flow: $13.09B
Cash flow breakdown for IBM (IBM) — TTM through Q1 2026
| Line item | Amount | Running total |
|---|---|---|
| Operating Cash Flow | $13.99B | $13.99B |
| Capital Expenditure | −$904.00M | $13.09B |
| Free Cash Flow | $13.09B | $13.09B |
| Acquisitions | −$3.87B | $9.21B |
| Other Investing | −$3.04B | $6.18B |
| Share Buybacks | −$350.00M | $5.83B |
| Dividends Paid | −$6.28B | −$453.00M |
| Net Debt Change | −$3.42B | −$3.87B |
| Other Financing & FX | $3.57B | −$298.00M |
| Net Cash Decrease | −$297.00M | −$297.00M |
- Operating Cash Flow$13.99B
- Capital Expenditure−$904.00M
- Free Cash Flow$13.09B
- Acquisitions−$3.87B
- Other Investing−$3.04B
- Share Buybacks−$350.00M
- Dividends Paid−$6.28B
- Net Debt Change−$3.42B
- Other Financing & FX$3.57B
- Net Cash Decrease−$297.00M
Want to see what drove the FCF change?Free Cash Flow Bridge
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