Latest period
$2.11B
YoY change
-4.0%
5Y CAGR
-12.9%
Peak year (1997)
$7.11B
Cumulative CapEx
$173.18B
CapEx history chart for IBM (IBM) from 1989 to 2025
Latest: $1.62B
CapEx growth chart for IBM (IBM) from 1989 to 2025
Latest: -4.0%
CapEx history table for IBM (IBM) from 1989 to 2025
| 2025 | $1.62B | -4.0% | −$68.00M | ||
| 2024 | $1.69B | -6.9% | −$125.00M | ||
| 2023 | $1.81B | -8.2% | −$162.00M | ||
| 2022 | $1.97B | -28.8% | −$796.00M | ||
| 2021 | $2.77B | -14.3% | −$462.00M | ||
| 2020 | $3.23B | +11.1% | +$323.00M | ||
| 2019 | $2.91B | -26.7% | −$1.06B | ||
| 2018 | $3.96B | +5.1% | +$191.00M | ||
| 2017 | $3.77B | -9.1% | −$377.00M | ||
| 2016 | $4.15B | -0.0% | −$1.00M | ||
| 2015 | $4.15B | -0.8% | −$32.00M | ||
| 2014 | $4.18B | +1.0% | +$43.00M | ||
| 2013 | $4.14B | -12.2% | −$577.00M | ||
| 2012 | $4.72B | +1.1% | +$50.00M | ||
| 2011 | $4.67B | -1.8% | −$87.00M | ||
| 2010 | $4.75B | +16.6% | +$677.00M | ||
| 2009 | $4.08B | -16.6% | −$810.00M | ||
| 2008 | $4.89B | -11.2% | −$618.00M | ||
| 2007 | $5.50B | +6.6% | +$339.00M | ||
| 2006 | $5.17B | +11.5% | +$532.00M | ||
| 2005 | $4.63B | -8.3% | −$422.00M | ||
| 2004 | $5.06B | +1.6% | +$82.00M | ||
| 2003 | $4.97B | -7.0% | −$376.00M | ||
| 2002 | $5.35B | -0.9% | −$50.00M | ||
| 2001 | $5.40B | -12.6% | −$781.00M | ||
| 2000 | $6.18B | -3.8% | −$242.00M | ||
| 1999 | $6.42B | -5.1% | −$347.00M | ||
| 1998 | $6.77B | -4.7% | −$337.00M | ||
| 1997 | $7.11B | +15.0% | +$929.00M | ||
| 1996 | $6.18B | +11.0% | +$611.00M | ||
| 1995 | $5.57B | +25.4% | +$1.13B | ||
| 1994 | $4.44B | -4.8% | −$222.00M | ||
| 1993 | $4.66B | -28.3% | −$1.84B | ||
| 1992 | $6.50B | +0.1% | +$6.00M | ||
| 1991 | $6.50B | -0.2% | −$12.00M | ||
| 1990 | $6.51B | +1.5% | +$95.00M | ||
| 1989 | $6.41B | — | — |
- 2025$1.62B-4.0%
- 2024$1.69B-6.9%
- 2023$1.81B-8.2%
- 2022$1.97B-28.8%
- 2021$2.77B-14.3%
- 2020$3.23B+11.1%
- 2019$2.91B-26.7%
- 2018$3.96B+5.1%
- 2017$3.77B-9.1%
- 2016$4.15B-0.0%
- 2015$4.15B-0.8%
- 2014$4.18B+1.0%
- 2013$4.14B-12.2%
- 2012$4.72B+1.1%
- 2011$4.67B-1.8%
- 2010$4.75B+16.6%
- 2009$4.08B-16.6%
- 2008$4.89B-11.2%
- 2007$5.50B+6.6%
- 2006$5.17B+11.5%
- 2005$4.63B-8.3%
- 2004$5.06B+1.6%
- 2003$4.97B-7.0%
- 2002$5.35B-0.9%
- 2001$5.40B-12.6%
- 2000$6.18B-3.8%
- 1999$6.42B-5.1%
- 1998$6.77B-4.7%
- 1997$7.11B+15.0%
- 1996$6.18B+11.0%
- 1995$5.57B+25.4%
- 1994$4.44B-4.8%
- 1993$4.66B-28.3%
- 1992$6.50B+0.1%
- 1991$6.50B-0.2%
- 1990$6.51B+1.5%
- 1989$6.41B—
CapEx values are taken from IBM's reported cash flow statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About CapEx at IBM (IBM)
According to IBM's latest reported financial statements, the company's current CapEx (TTM) is $2.11B. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
In 2025, IBM (IBM) CapEx totalled $1.62B – edged down 4.0% year-over-year.
IBM CapEx has contracted on net over the period, with a -12.9% compound annual growth rate over 2020–2025 (5 years).
Between 1997 and 2025, IBM CapEx plunged 77.2%, falling from $7.11B to $1.62B.
$7.11B stands as the all-time-high annual CapEx, posted in 1997, against a low of $1.62B during 2025.
IBM Capital Expenditures by Year
IBM Capital Expenditures 2025: $1.62B
IBM posted CapEx of $1.62B in 2025, edged down 4.0% below 2024. This figure represents the lowest annual value in the available history.
IBM Capital Expenditures 2024: $1.69B
In 2024, IBM reported CapEx of $1.69B, declined 6.9% below 2023.
IBM Capital Expenditures 2023: $1.81B
IBM CapEx in 2023 was $1.81B, declined 8.2% below 2022.
IBM Capital Expenditures 2022: $1.97B
2022's CapEx for IBM came in at $1.97B, declined 28.8% below 2021.
IBM Capital Expenditures 2021: $2.77B
IBM CapEx in 2021 was $2.77B.
See more financial history for IBM (IBM).
Sector peers by CapEx
Technology peers of IBM (IBM), ranked by their latest CapEx
| $64.55B | |
| $41.45B | |
| $15.86B | |
| $12.71B | |
| $6.04B | |
| $1.76B | |
| $974.00M | |
| $623.00M |
- $64.55B
- $41.45B
- $15.86B
- $12.71B
- $6.04B
- $1.76B
- $974.00M
- $623.00M
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