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Discontinued — last reported Q4 '25

Current Assets

Available-for-Sale Debt Securities - Amortized Cost

International Business Machines Available-for-Sale Debt Securities - Amortized Cost increased by 32.8% to $16.32B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 29.2%, from $12.64B to $16.32B. Over 3 years (FY 2022 to FY 2025), Available-for-Sale Debt Securities - Amortized Cost shows an upward trend with a 5.8% CAGR.

Analysis

StatementBalance Sheet Statement
SectionCurrent Assets
CategoryLiquidity
SignalContext dependent
VolatilityModerate
First reportedQ4 2022
Last reportedQ4 2025Feb 24, 2026

How to read this metric

An increase suggests higher liquidity reserves, while a decrease may indicate capital deployment or portfolio liquidation.

Detailed definition

This represents the historical cost basis of debt securities held by the company that are classified as available-for-sa...

Peer comparison

Standard across large-cap enterprises with significant cash management operations.

Metric ID: afs_debt_securities_amortized_cost

Historical Data

12 periods
 Q4 '22Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Value$13.77B$11.82B$10.57B$12.72B$10.59B$11.42B$10.83B$12.64B$10.79B$12.64B$12.29B$16.32B
QoQ Change-14.1%-10.6%+20.3%-16.7%+7.8%-5.2%+16.7%-14.7%+17.2%-2.8%+32.8%
YoY Change-7.6%-3.4%+2.4%-0.6%+1.8%+10.7%+13.5%+29.2%
Range$10.57B$16.32B
CAGR+6.4%
Avg YoY Growth+5.7%
Median YoY Growth+2.1%

Geographic Breakdown

View all
SegmentQ2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '25Q1 '26
Americas$5.84B$6.49B$5.72B$6.08B$5.73B$7.28B$6.76B
Europe/Middle East/Africa$2.64B$3.01B$2.51B$2.67B$2.53B$4.44B$4B
Asia Pacific$1.19B$1.37B$1.28B$1.33B$1.38B$1.61B$1.58B
EMEA$3.02B
Total$11.82B$10.57B$12.72B$10.59B$11.42B$10.83B$16.32B

EMEA was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.

Available-for-Sale Debt Securities - Amortized Cost at Other Companies

Frequently Asked Questions

What is International Business Machines's available-for-sale debt securities - amortized cost?
International Business Machines (IBM) reported available-for-sale debt securities - amortized cost of $16.32B in Q4 2025.
How has International Business Machines's available-for-sale debt securities - amortized cost changed year-over-year?
International Business Machines's available-for-sale debt securities - amortized cost increased by 29.2% year-over-year, from $12.64B to $16.32B.
What is the long-term trend for International Business Machines's available-for-sale debt securities - amortized cost?
Over 3 years (2022 to 2025), International Business Machines's available-for-sale debt securities - amortized cost has grown at a 5.8% compound annual growth rate (CAGR), from $13.77B to $16.32B.
What does available-for-sale debt securities - amortized cost mean?
The original cost of debt investments held for potential sale, adjusted for accounting premiums or discounts.