IBM
International Business Machines Corporation
Stock
$222.64−2.98 (−1.32%)Close Oct 2, 2026
Cash flow statement
| Line | Last 12 months | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $14.9B | $13.2B | $13.4B | $13.9B | $10.4B | $12.8B | $18.2B | $14.8B | $15.2B | $16.7B | $17.1B | $17.3B | $16.9B | $17.5B | $19.6B | $19.8B | $19.5B | $20.8B | $18.8B | — |
| Capital expenditures | $1.1B | $1.1B | $1.0B | $1.2B | $1.3B | $2.1B | $2.6B | $2.3B | $3.4B | $3.2B | $3.6B | $3.6B | $3.7B | $3.6B | $4.1B | $4.1B | $4.2B | $3.4B | $4.2B | $4.6B |
| Free cash flow | $13.8B | $12.1B | $12.4B | $12.7B | $9.1B | $10.7B | $15.6B | $12.5B | $11.9B | $13.5B | $13.5B | $13.7B | $13.1B | $13.9B | $15.5B | $15.7B | $15.4B | $17.3B | $14.6B | — |
| Stock-based compensation | $1.9B | $1.7B | $1.3B | $1.1B | $987M | $982M | $937M | $679M | $510M | $534M | $544M | $468M | $512M | $614M | $688M | $697M | $629M | $558M | $659M | $713M |
| Buybacks | — | — | — | — | — | — | — | $1.4B | $4.4B | $4.3B | $3.5B | $4.6B | $13.7B | $13.9B | $12.0B | $15.0B | $15.4B | $7.4B | $10.6B | $18.8B |
| Dividends paid | $6.3B | $6.3B | $6.1B | $6.0B | $5.9B | $5.9B | $5.8B | $5.7B | $5.7B | $5.5B | $5.3B | $4.9B | $4.3B | $4.1B | $3.8B | $3.5B | $3.2B | $2.9B | $2.6B | $2.1B |
| Dividends per share | $6.73 | $6.71 | $6.67 | $6.63 | $6.59 | $6.55 | $6.51 | $6.43 | $6.21 | $5.90 | $5.50 | — | — | — | — | — | — | — | — | — |
| Free cash flow margin | 20.0% | 17.9% | 19.8% | 20.5% | 15.0% | 18.7% | 28.2% | 21.6% | 14.9% | 17.1% | 16.9% | 16.7% | 14.1% | 14.1% | 15.1% | 14.7% | 15.4% | 18.1% | 14.1% | — |