International Business Machines annual capital expenditures (capex)
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International Business Machines Capital Expenditures (CapEx) Growth & History (IBM)
International Business Machines's capital expenditures (capex) was $1.09B for fiscal 2025.
View full International Business Machines company overviewInternational Business Machines annual capital expenditures (capex) history
| Fiscal year | Period ended | Capital expenditures (CapEx) | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $1.09B | $43.0M | +4.10% |
| 2024 | 2024-12-31 | $1.05B | −$197.0M | −15.82% |
| 2023 | 2023-12-31 | $1.25B | −$101.0M | −7.50% |
| 2022 | 2022-12-31 | $1.35B | −$716.0M | −34.72% |
| 2021 | 2021-12-31 | $2.06B | −$556.0M | −21.24% |
| 2020 | 2020-12-31 | $2.62B | $332.0M | +14.52% |
| 2019 | 2019-12-31 | $2.29B | −$1.11B | −32.67% |
| 2018 | 2018-12-31 | $3.40B | $166.0M | +5.14% |
| 2017 | 2017-12-31 | $3.23B | −$338.0M | −9.48% |
| 2016 | 2016-12-31 | $3.57B | −$12.0M | −0.34% |
| 2015 | 2015-12-31 | $3.58B | −$161.0M | −4.30% |
| 2014 | 2014-12-31 | $3.74B | $117.0M | +3.23% |
| 2013 | 2013-12-31 | $3.62B | −$459.0M | −11.24% |
| 2012 | 2012-12-31 | $4.08B | −$26.0M | −0.63% |
| 2011 | 2011-12-31 | $4.11B | −$77.0M | −1.84% |
| 2010 | 2010-12-31 | $4.18B | $738.0M | +21.41% |
| 2009 | 2009-12-31 | $3.45B | −$724.0M | −17.36% |
| 2008 | 2008-12-31 | $4.17B | −$459.0M | −9.91% |
| 2007 | 2007-12-31 | $4.63B | — | — |
International Business Machines quarterly capital expenditures (capex)
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| Fiscal quarter | Period ended | Capital expenditures (CapEx) | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $229.0M | $19.0M | +9.05% |
| Q1 2026 | 2026-03-31 | $232.0M | −$12.0M | −4.92% |
| Q4 2025 | 2025-12-31 | $382.0M | $79.0M | +26.07% |
| Q3 2025 | 2025-09-30 | $255.0M | −$31.0M | −10.84% |
| Q2 2025 | 2025-06-30 | $210.0M | −$10.0M | −4.55% |
| Q1 2025 | 2025-03-31 | $244.0M | $5.0M | +2.09% |
| Q4 2024 | 2024-12-31 | $303.0M | $3.0M | +1.00% |
| Q3 2024 | 2024-09-30 | $286.0M | $5.0M | +1.78% |
| Q2 2024 | 2024-06-30 | $220.0M | −$144.0M | −39.56% |
| Q1 2024 | 2024-03-31 | $239.0M | −$61.0M | −20.33% |
| Q4 2023 | 2023-12-31 | $300.0M | −$109.0M | −26.65% |
| Q3 2023 | 2023-09-30 | $281.0M | −$36.0M | −11.36% |
| Q2 2023 | 2023-06-30 | $364.0M | $25.0M | +7.37% |
| Q1 2023 | 2023-03-31 | $300.0M | $19.0M | +6.76% |
| Q4 2022 | 2022-12-31 | $409.0M | −$41.0M | −9.11% |
| Q3 2022 | 2022-09-30 | $317.0M | −$241.0M | −43.19% |
| Q2 2022 | 2022-06-30 | $339.0M | −$221.0M | −39.46% |
| Q1 2022 | 2022-03-31 | $281.0M | −$213.0M | −43.12% |
| Q4 2021 | 2021-12-31 | $450.0M | −$228.0M | −33.63% |
| Q3 2021 | 2021-09-30 | $558.0M | −$167.0M | −23.03% |
| Q2 2021 | 2021-06-30 | $560.0M | −$25.0M | −4.27% |
| Q1 2021 | 2021-03-31 | $494.0M | −$136.0M | −21.59% |
| Q4 2020 | 2020-12-31 | $678.0M | $102.0M | +17.71% |
| Q3 2020 | 2020-09-30 | $725.0M | $137.0M | +23.30% |
| Q2 2020 | 2020-06-30 | $585.0M | $2.0M | +0.34% |
| Q1 2020 | 2020-03-31 | $630.0M | $91.0M | +16.88% |
| Q4 2019 | 2019-12-31 | $576.0M | −$206.0M | −26.34% |
| Q3 2019 | 2019-09-30 | $588.0M | −$224.0M | −27.59% |
| Q2 2019 | 2019-06-30 | $583.0M | −$348.0M | −37.38% |
| Q1 2019 | 2019-03-31 | $539.0M | −$331.0M | −38.05% |
| Q4 2018 | 2018-12-31 | $782.0M | −$174.0M | −18.20% |
| Q3 2018 | 2018-09-30 | $812.0M | −$36.0M | −4.25% |
| Q2 2018 | 2018-06-30 | $931.0M | $246.0M | +35.91% |
| Q1 2018 | 2018-03-31 | $870.0M | $130.0M | +17.57% |
| Q4 2017 | 2017-12-31 | $956.0M | −$17.0M | −1.75% |
| Q3 2017 | 2017-09-30 | $848.0M | $80.0M | +10.42% |
| Q2 2017 | 2017-06-30 | $685.0M | −$185.0M | −21.26% |
| Q1 2017 | 2017-03-31 | $740.0M | −$216.0M | −22.59% |
| Q4 2016 | 2016-12-31 | $973.0M | $64.0M | +7.04% |
| Q3 2016 | 2016-09-30 | $768.0M | −$180.0M | −18.99% |
| Q2 2016 | 2016-06-30 | $870.0M | $5.0M | +0.58% |
| Q1 2016 | 2016-03-31 | $956.0M | $99.0M | +11.55% |
| Q4 2015 | 2015-12-31 | $909.0M | −$38.0M | −4.01% |
| Q3 2015 | 2015-09-30 | $948.0M | −$88.0M | −8.49% |
| Q2 2015 | 2015-06-30 | $865.0M | −$43.0M | −4.74% |
| Q1 2015 | 2015-03-31 | $857.0M | $8.0M | +0.94% |
| Q4 2014 | 2014-12-31 | $947.0M | −$117.0M | −11.00% |
| Q3 2014 | 2014-09-30 | $1.04B | $51.0M | +5.18% |
| Q2 2014 | 2014-06-30 | $908.0M | $48.0M | +5.58% |
| Q1 2014 | 2014-03-31 | $849.0M | $135.0M | +18.91% |
| Q4 2013 | 2013-12-31 | $1.06B | $64.0M | +6.40% |
| Q3 2013 | 2013-09-30 | $985.0M | $38.0M | +4.01% |
| Q2 2013 | 2013-06-30 | $860.0M | −$338.0M | −28.21% |
| Q1 2013 | 2013-03-31 | $714.0M | −$223.0M | −23.80% |
| Q4 2012 | 2012-12-31 | $1.00B | −$48.0M | −4.58% |
| Q3 2012 | 2012-09-30 | $947.0M | −$52.0M | −5.21% |
| Q2 2012 | 2012-06-30 | $1.20B | $139.0M | +13.13% |
| Q1 2012 | 2012-03-31 | $937.0M | −$65.0M | −6.49% |
| Q4 2011 | 2011-12-31 | $1.05B | −$104.0M | −9.03% |
| Q3 2011 | 2011-09-30 | $999.0M | −$448.0M | −30.96% |
| Q2 2011 | 2011-06-30 | $1.06B | $231.0M | +27.90% |
| Q1 2011 | 2011-03-31 | $1.00B | $244.0M | +32.19% |
| Q4 2010 | 2010-12-31 | $1.15B | −$1.82B | −61.23% |
| Q3 2010 | 2010-09-30 | $1.45B | $1.29B | +821.66% |
| Q2 2010 | 2010-06-30 | $828.0M | $670.0M | +424.05% |
| Q1 2010 | 2010-03-31 | $758.0M | $597.0M | +370.81% |
| Q4 2009 | 2009-12-31 | $2.97B | — | — |
| Q3 2009 | 2009-09-30 | $157.0M | −$17.0M | −9.77% |
| Q2 2009 | 2009-06-30 | $158.0M | — | — |
| Q1 2009 | 2009-03-31 | $161.0M | — | — |
| Q3 2008 | 2008-09-30 | $174.0M | — | — |
International Business Machines capital expenditures (capex) trends
Over the last five fiscal years, International Business Machines's capital expenditures (capex) decreased from $2.62B to $1.09B, a change of −$1.53B. The latest reported quarter, Q2 2026, shows $229.0M.
About the metric
What capital expenditures (CapEx) mean
Capital expenditures, commonly called CapEx, are cash investments in long-lived assets such as property, plants, equipment, infrastructure, and productive software. CapEx can support future growth or maintain existing operations, but it reduces current-period free cash flow.
Calculation and source
SEC-reported capital expenditures
TickerStat standardizes cash payments for property, plant, equipment, and other productive assets reported in company SEC filings. When a filer reports separate qualifying CapEx components instead of a total, those components are combined for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review International Business Machines source filings ↗Community posts
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