Company / Free Cash Flow
IBM Free Cash Flow History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Free Cash Flow
$12.1B
FY2025
5-year range
$9.1B / $12.7B
FY2021-FY2025
Trend
-2.4%
vs FY2024
Sector context
#7 of 294
Information Technology
What the data says
Among 294 Information Technology companies, IBM is in the top 2% for free cash flow. Free Cash Flow has fluctuated over the past 10 years, ranging from $9.1B in FY2022 to $15.6B in FY2020.
Based on SEC 10-K filings.
$12.1B in FY2025 with a 5-year CAGR of -4.9%. Top quartile in the Information Technology sector.
Declined from $12.7B to $12.1B over the past 2 years.
Information Technology sector context is included.
Free Cash Flow over time
Growth rates
- 3-Year CAGR
- +10.0%
- 5-Year CAGR
- -4.9%
- 10-Year CAGR
- -
Sector benchmark
+762.8% above sector average
Key checks
Key Insights
- 5-year CAGR of -4.9%, indicating a declining trend.
- In FY2025, free cash flow decreased 2.4% year-over-year.
- Ranks #7 out of 294 companies in the Information Technology sector.
- Peak free cash flow was recorded in FY2020.
Company context
Key Data Points
- Strong return on equity: 28.3%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Free Cash FlowValue | YoY GrowthYoY |
|---|---|---|
| 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 | -1.2% |
As of FY2025 · SEC Form 10-K · Last checked Jun 30, 2026