International Business Machines annual net debt
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International Business Machines Net Debt Growth & History (IBM)
International Business Machines's net debt was $58.32B for fiscal 2025.
View full International Business Machines company overviewInternational Business Machines annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $58.32B | $8.01B | +15.92% |
| 2024 | 2024-12-31 | $50.31B | −$3.36B | −6.26% |
| 2023 | 2023-12-31 | $53.67B | $2.63B | +5.15% |
| 2022 | 2022-12-31 | $51.04B | −$4.27B | −7.73% |
| 2021 | 2021-12-31 | $55.32B | −$4.80B | −7.99% |
| 2020 | 2020-12-31 | $60.12B | −$7.39B | −10.94% |
| 2019 | 2019-12-31 | $67.51B | $33.03B | +95.82% |
| 2018 | 2018-12-31 | $34.47B | −$378.0M | −1.08% |
| 2017 | 2017-12-31 | $34.85B | $510.0M | +1.49% |
| 2016 | 2016-12-31 | $34.34B | $2.14B | +6.64% |
| 2015 | 2015-12-31 | $32.20B | −$43.0M | −0.13% |
| 2014 | 2014-12-31 | $32.25B | $3.24B | +11.19% |
| 2013 | 2013-12-31 | $29.00B | $6.14B | +26.88% |
| 2012 | 2012-12-31 | $22.86B | $3.46B | +17.83% |
| 2011 | 2011-12-31 | $19.40B | $1.44B | +7.99% |
| 2010 | 2010-12-31 | $17.96B | $8.21B | +84.25% |
| 2009 | 2009-12-31 | $9.75B | −$199.0M | −2.00% |
| 2008 | 2008-12-31 | $9.95B | — | — |
International Business Machines quarterly net debt
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| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $63.87B | −$848.0M | −1.31% |
| Q1 2026 | 2026-03-31 | $66.54B | $3.83B | +6.10% |
| Q4 2025 | 2025-12-31 | $58.32B | $8.01B | +15.92% |
| Q3 2025 | 2025-09-30 | $62.94B | $12.42B | +24.59% |
| Q2 2025 | 2025-06-30 | $64.72B | $13.49B | +26.33% |
| Q1 2025 | 2025-03-31 | $62.71B | $8.97B | +16.70% |
| Q4 2024 | 2024-12-31 | $50.31B | −$3.36B | −6.26% |
| Q3 2024 | 2024-09-30 | $50.52B | −$7.15B | −12.40% |
| Q2 2024 | 2024-06-30 | $51.23B | −$6.46B | −11.20% |
| Q1 2024 | 2024-03-31 | $53.74B | −$3.48B | −6.09% |
| Q4 2023 | 2023-12-31 | $53.67B | $2.63B | +5.15% |
| Q3 2023 | 2023-09-30 | $57.67B | $5.92B | +11.43% |
| Q2 2023 | 2023-06-30 | $57.69B | $5.60B | +10.74% |
| Q1 2023 | 2023-03-31 | $57.22B | $1.93B | +3.49% |
| Q4 2022 | 2022-12-31 | $51.04B | −$4.27B | −7.73% |
| Q3 2022 | 2022-09-30 | $51.75B | −$6.40B | −11.01% |
| Q2 2022 | 2022-06-30 | $52.09B | −$6.75B | −11.47% |
| Q1 2022 | 2022-03-31 | $55.29B | −$462.0M | −0.83% |
| Q4 2021 | 2021-12-31 | $55.32B | −$4.80B | −7.99% |
| Q3 2021 | 2021-09-30 | $58.16B | −$7.51B | −11.44% |
| Q2 2021 | 2021-06-30 | $58.84B | −$7.32B | −11.07% |
| Q1 2021 | 2021-03-31 | $55.75B | −$10.67B | −16.07% |
| Q4 2020 | 2020-12-31 | $60.12B | −$7.39B | −10.94% |
| Q3 2020 | 2020-09-30 | $65.67B | −$1.04B | −1.56% |
| Q2 2020 | 2020-06-30 | $66.17B | $26.66B | +67.49% |
| Q1 2020 | 2020-03-31 | $66.42B | $28.52B | +75.25% |
| Q4 2019 | 2019-12-31 | $67.51B | $33.03B | +95.82% |
| Q3 2019 | 2019-09-30 | $66.71B | $31.35B | +88.67% |
| Q2 2019 | 2019-06-30 | $39.51B | $4.75B | +13.67% |
| Q1 2019 | 2019-03-31 | $37.90B | $3.46B | +10.06% |
| Q4 2018 | 2018-12-31 | $34.47B | −$378.0M | −1.08% |
| Q3 2018 | 2018-09-30 | $35.36B | $647.0M | +1.86% |
| Q2 2018 | 2018-06-30 | $34.76B | $779.0M | +2.29% |
| Q1 2018 | 2018-03-31 | $34.44B | $1.75B | +5.36% |
| Q4 2017 | 2017-12-31 | $34.85B | $510.0M | +1.49% |
| Q3 2017 | 2017-09-30 | $34.71B | $1.27B | +3.79% |
| Q2 2017 | 2017-06-30 | $33.98B | −$531.0M | −1.54% |
| Q1 2017 | 2017-03-31 | $32.69B | $1.48B | +4.75% |
| Q4 2016 | 2016-12-31 | $34.34B | $2.14B | +6.64% |
| Q3 2016 | 2016-09-30 | $33.44B | $3.26B | +10.82% |
| Q2 2016 | 2016-06-30 | $34.51B | $4.23B | +13.98% |
| Q1 2016 | 2016-03-31 | $31.20B | $1.17B | +3.90% |
| Q4 2015 | 2015-12-31 | $32.20B | −$43.0M | −0.13% |
| Q3 2015 | 2015-09-30 | $30.18B | −$5.96B | −16.48% |
| Q2 2015 | 2015-06-30 | $30.27B | −$6.63B | −17.97% |
| Q1 2015 | 2015-03-31 | $30.03B | −$4.54B | −13.13% |
| Q4 2014 | 2014-12-31 | $32.25B | $3.24B | +11.19% |
| Q3 2014 | 2014-09-30 | $36.14B | $10.03B | +38.41% |
| Q2 2014 | 2014-06-30 | $36.91B | $12.86B | +53.47% |
| Q1 2014 | 2014-03-31 | $34.57B | $11.76B | +51.55% |
| Q4 2013 | 2013-12-31 | $29.00B | $6.14B | +26.88% |
| Q3 2013 | 2013-09-30 | $26.11B | $4.35B | +19.99% |
| Q2 2013 | 2013-06-30 | $24.05B | $2.48B | +11.49% |
| Q1 2013 | 2013-03-31 | $22.81B | $2.59B | +12.83% |
| Q4 2012 | 2012-12-31 | $22.86B | $3.46B | +17.83% |
| Q3 2012 | 2012-09-30 | $21.76B | $8.97B | +70.17% |
| Q2 2012 | 2012-06-30 | $21.57B | $11.37B | +111.46% |
| Q1 2012 | 2012-03-31 | $20.22B | $11.23B | +124.99% |
| Q4 2011 | 2011-12-31 | $19.40B | $1.44B | +7.99% |
| Q3 2011 | 2011-09-30 | $12.79B | $746.0M | +6.20% |
| Q2 2011 | 2011-06-30 | $10.20B | −$491.0M | −4.59% |
| Q1 2011 | 2011-03-31 | $8.99B | $153.0M | +1.73% |
| Q4 2010 | 2010-12-31 | $17.96B | $8.21B | +84.25% |
| Q3 2010 | 2010-09-30 | $12.04B | $989.0M | +8.95% |
| Q2 2010 | 2010-06-30 | $10.69B | $1.50B | +16.34% |
| Q1 2010 | 2010-03-31 | $8.83B | — | — |
| Q4 2009 | 2009-12-31 | $9.75B | −$199.0M | −2.00% |
| Q3 2009 | 2009-09-30 | $11.05B | — | — |
| Q2 2009 | 2009-06-30 | $9.19B | — | — |
| Q4 2008 | 2008-12-31 | $9.95B | — | — |
International Business Machines net debt trends
Over the last five fiscal years, International Business Machines's net debt decreased from $60.12B to $58.32B, a change of −$1.80B. The latest reported quarter, Q2 2026, shows $63.87B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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