Capital Expenditures for IBM (IBM)
According to IBM's latest reported financial statements, the company's current capital expenditures (TTM) is $2.11B USD. 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 .
IBM
Currently viewingCapital ExpendituresSwitch metric
Latest period
$2.11B
YoY change
-4.0%
5Y CAGR
-12.9%
Peak year (1997)
$7.11B
Cumulative capital expenditures
$172.79B
CapEx history chart for IBM (IBM) from 1989 to 2025
CapEx history table for IBM (IBM) from 1989 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 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 (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
In 2025, IBM (IBM) capital expenditures totalled $1.62B – edged down 4.0% year-over-year.
IBM capital expenditures 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 capital expenditures plunged 77.2%, falling from $7.11B to $1.62B.
$7.11B stands as the all-time-high annual capital expenditures, posted in 1997, against a low of $1.62B during 2025.
Among 8 Technology peers, IBM (IBM) ranks 6th; the peer median for capital expenditures is $9.38B.
IBM Capital Expenditures by Year
IBM Capital Expenditures 2025: $1.62B
IBM capital expenditures in 2025 was $1.62B, edged down 4.0% below 2024. This figure represents the lowest annual value in the available history.
IBM Capital Expenditures 2024: $1.69B
IBM capital expenditures in 2024 was $1.69B, declined 6.9% below 2023.
IBM Capital Expenditures 2023: $1.81B
IBM capital expenditures in 2023 was $1.81B, declined 8.2% below 2022.
IBM Capital Expenditures 2022: $1.97B
IBM capital expenditures in 2022 was $1.97B, declined 28.8% below 2021.
IBM Capital Expenditures 2021: $2.77B
IBM capital expenditures in 2021 was $2.77B.
See more financial history for IBM (IBM).
Sector peers — CapEx
Companies in the same sector as IBM, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | $1.29T | Technology |
| Microsoft Corporation (MSFT) | $64.55B | Technology |
| Micron Technology, Inc. (MU) | $15.86B | Technology |
| Apple Inc. (AAPL) | $12.71B | Technology |
| NVIDIA Corporation (NVDA) | $6.04B | Technology |
| ASML Holding N.V. (ASML) | $1.51B | Technology |
| Advanced Micro Devices, Inc. (AMD) | $974.00M | Technology |
| Broadcom Inc. (AVGO) | $623.00M | Technology |
Frequently asked questions
What is IBM's capital expenditures?
- Latest reported capital expenditures for IBM (IBM) is $2.11B (period ending March 31, 2026).
How has IBM capital expenditures changed year-over-year?
- IBM (IBM) capital expenditures changed -4.0% year-over-year on the latest annual filing.
What is the long-term growth rate of IBM capital expenditures?
- IBM (IBM) capital expenditures compound annual growth rate is -12.9% over the most recent 5 years available.
When did IBM capital expenditures hit its highest annual value?
- IBM capital expenditures reached its highest annual value of $7.11B in 1997.
What was IBM capital expenditures in 2024?
- IBM (IBM) capital expenditures in 2024 was $1.69B.
What was IBM capital expenditures in 2025?
- IBM (IBM) capital expenditures in 2025 was $1.62B.
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