Discontinued — last reported Q4 '25
Deferred Revenue
International Business Machines Deferred Revenue increased by 10.9% to $71.00B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 1860.2%, from $3.62B to $71.00B. Over 5 years (FY 2020 to FY 2025), Deferred Revenue shows an upward trend with a 80.0% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase is generally positive, signaling strong future demand and cash collection, while a decrease indicates the fulfillment of obligations.
Detailed definition
This represents payments received from customers for goods or services that have not yet been delivered or performed. It...
Peer comparison
Common in subscription and long-term contract businesses; highly indicative of future revenue visibility.
deferred_revenue_currentHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $4.11B | $3.97B | $3.58B | $3.42B | $3.07B | $3.02B | $3.50B | $3.44B | $58.00B | $55.00B | $3.53B | $56.00B | $56.00B | $57.00B | $3.62B | $64.00B | $66.00B | $64.00B | $71.00B |
| QoQ Change | — | -3.6% | -9.8% | -4.3% | -10.3% | -1.7% | +15.9% | -1.6% | >999% | -5.2% | -93.6% | >999% | +0.0% | +1.8% | -93.6% | >999% | +3.1% | -3.0% | +10.9% |
| YoY Change | — | — | — | — | -25.4% | -23.9% | -2.2% | +0.6% | >999% | >999% | +1.0% | >999% | -3.4% | +3.6% | +2.5% | +14.3% | +17.9% | +12.3% | >999% |
Product Breakdown
| Segment | Q4 '21 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 |
|---|---|---|---|---|---|
| Extended Warranty | $350.00M | $244.00M | $218.00M | $201.00M | $184.00M |
| Total | $3.58B | $3.44B | $58.00B | $55.00B | $3.53B |
Deferred Revenue at Other Companies
Frequently Asked Questions
- What is International Business Machines's deferred revenue?
- International Business Machines (IBM) reported deferred revenue of $71.00B in Q4 2025.
- How has International Business Machines's deferred revenue changed year-over-year?
- International Business Machines's deferred revenue increased by 1860.2% year-over-year, from $3.62B to $71.00B.
- What is the long-term trend for International Business Machines's deferred revenue?
- Over 5 years (2020 to 2025), International Business Machines's deferred revenue has grown at a 80.0% compound annual growth rate (CAGR), from $3.76B to $71.00B.
- What does deferred revenue mean?
- Cash received from customers for work that has not yet been completed.