Free Cash Flow for IBM (IBM)
Free Cash Flow for IBM (IBM): headline value $13.09B · YoY -1.6%. Annual and quarterly series, chart, and tables are below.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
IBM
Currently viewingFree Cash FlowSwitch metric
Latest period
$13.09B
YoY change
-1.6%
5Y CAGR
-5.0%
Peak year (2009)
$16.70B
Latest annual
$11.57B
Free Cash Flow history chart for IBM (IBM) from 1989 to 2025
Free Cash Flow history table for IBM (IBM) from 1989 to 2025
| Fiscal year | Period ended | Reported | Free Cash Flow | YoY |
|---|---|---|---|---|
| 2025 | $11.57B | -1.6% | ||
| 2024 | $11.76B | -3.0% | ||
| 2023 | $12.12B | +43.2% | ||
| 2022 | $8.46B | -15.6% | ||
| 2021 | $10.03B | -33.0% | ||
| 2020 | $14.97B | +26.2% | ||
| 2019 | $11.86B | +5.1% | ||
| 2018 | $11.28B | -12.9% | ||
| 2017 | $12.95B | +0.1% | ||
| 2016 | $12.93B | -1.3% | ||
| 2015 | $13.10B | +3.3% | ||
| 2014 | $12.69B | -4.9% | ||
| 2013 | $13.35B | -10.2% | ||
| 2012 | $14.87B | -2.0% | ||
| 2011 | $15.18B | +2.6% | ||
| 2010 | $14.79B | -11.4% | ||
| 2009 | $16.70B | +19.9% | ||
| 2008 | $13.93B | +31.6% | ||
| 2007 | $10.58B | +7.4% | ||
| 2006 | $9.85B | -4.2% | ||
| 2005 | $10.28B | -0.1% | ||
| 2004 | $10.29B | +7.6% | ||
| 2003 | $9.56B | +13.3% | ||
| 2002 | $8.44B | -2.1% | ||
| 2001 | $8.62B | +178.7% | ||
| 2000 | $3.09B | -16.1% | ||
| 1999 | $3.69B | +47.3% | ||
| 1998 | $2.50B | +42.4% | ||
| 1997 | $1.76B | -57.1% | ||
| 1996 | $4.10B | -20.3% | ||
| 1995 | $5.14B | -30.1% | ||
| 1994 | $7.35B | +100.6% | ||
| 1993 | $3.67B | -1700.9% | ||
| 1992 | -$229.00M | -200.4% | ||
| 1991 | $228.00M | -76.3% | ||
| 1990 | $963.00M | +0.5% | ||
| 1989 | $958.00M | — |
Free Cash Flow 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) free cash flow totalled $11.57B – edged down 1.6% year-over-year.
IBM free cash flow compound annual growth for the 2020–2025 (5 years) window is -5.0%, with a net decline across the window.
Between 2009 and 2025, IBM free cash flow plunged 30.7%, falling from $16.70B to $11.57B.
The highest annual free cash flow of $16.70B was reported in 2009. The lowest in the available history was -$229.00M in 1992.
Among 8 Technology peers, IBM (IBM) ranks 6th; the peer median for free cash flow is $49.26B.
IBM Free Cash Flow by Year
IBM Free Cash Flow 2025: $11.57B
IBM free cash flow in 2025 was $11.57B, edged down 1.6% below 2024.
IBM Free Cash Flow 2024: $11.76B
IBM free cash flow in 2024 was $11.76B, edged down 3.0% below 2023.
IBM Free Cash Flow 2023: $12.12B
IBM free cash flow in 2023 was $12.12B, surged 43.2% from 2022.
IBM Free Cash Flow 2022: $8.46B
IBM free cash flow in 2022 was $8.46B, declined 15.6% below 2021.
IBM Free Cash Flow 2021: $10.03B
IBM free cash flow in 2021 was $10.03B.
See more financial history for IBM (IBM).
Sector peers — Free Cash Flow
Companies in the same sector as IBM, ranked by their latest free cash flow.
| Company | Free Cash Flow | Sector |
|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | $1.10T | Technology |
| Apple Inc. (AAPL) | $98.77B | Technology |
| NVIDIA Corporation (NVDA) | $96.68B | Technology |
| Microsoft Corporation (MSFT) | $71.61B | Technology |
| Broadcom Inc. (AVGO) | $26.91B | Technology |
| ASML Holding N.V. (ASML) | $10.65B | Technology |
| Advanced Micro Devices, Inc. (AMD) | $6.74B | Technology |
| Micron Technology, Inc. (MU) | $1.67B | Technology |
Frequently asked questions
What is IBM's free cash flow?
Latest reported free cash flow for IBM (IBM) is $13.09B (period ending March 31, 2026).
How has IBM free cash flow changed year-over-year?
IBM (IBM) free cash flow changed -1.6% year-over-year on the latest annual filing.
What is the long-term growth rate of IBM free cash flow?
IBM (IBM) free cash flow compound annual growth rate is -5.0% over the most recent 5 years available.
When did IBM free cash flow hit its highest annual value?
IBM free cash flow reached its highest annual value of $16.70B in 2009.
What was IBM free cash flow in 2024?
IBM (IBM) free cash flow in 2024 was $11.76B.
What was IBM free cash flow in 2025?
IBM (IBM) free cash flow in 2025 was $11.57B.
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