INTERNATIONAL BUSINESS MACHINES CORP (IBM) Free cash flow 2016–2025
INTERNATIONAL BUSINESS MACHINES CORP (IBM) annual free cash flow history — operating cash flow minus capital expenditures, per SEC filings.
$12.1BFY2025 · since FY2016: $13.5B → $12.1B
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | $12.1B | -2.4% |
| FY2024 | $12.4B | -2.3% |
| FY2023 | $12.7B | +39.6% |
| FY2022 | $9.1B | -15.3% |
| FY2021 | $10.7B | -31.1% |
| FY2020 | $15.6B | +24.8% |
| FY2019 | $12.5B | +5.3% |
| FY2018 | $11.9B | -12.2% |
| FY2017 | $13.5B | -0.2% |
| FY2016 | $13.5B | — |
Free cash flow = reported operating cash flow − reported capital expenditures for the same fiscal year.
Source: SEC XBRL filings · For reference only · Not investment advice