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International Business Machines IBM CapEx

CapEx at other companies

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$3.64B-29.8%

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$30.88B+84.4%

Fair IsaacFICO

$266K-87.4%

PTCPTC

$2.67M-4.9%

NetAppNTAP

$50M+42.9%

AmazonAMZN

$44.2B+76.7%

Other financials

Income statement

Revenue$15.9B+9.5%

Gross profit$8.9B+11.4%

Net income$1.2B+15.3%

EPS (diluted)$1.28+14.3%

Balance sheet

Cash & equivalents$10.9B-2.7%

Total debt$77.4B+4.9%

Total equity$33.0B+22.7%

Total assets$156.23B+7.3%

Cash flow

Operating cash flow$5.2B+18.3%

Free cash flow$4.9B+19.7%

Valuation

Market cap$242.74B-7.0%

Enterprise value$309.24B-4.5%

P/E22.6×-25.1×

P/S3.5×-0.6×

Profitability

Gross margin58.4%+1.3pp

Net margin15.6%+6.9pp

FCF margin18.7%-1.3pp

Returns & leverage

Return on equity35.9%+14.1pp

Debt / equity2.3×-0.4×

Current ratio0.8×-0.2×

Where this comes from

Reported directly by International Business Machines in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The official record: International Business Machines’s 10-Q, filed April 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is International Business Machines's capex?: International Business Machines (IBM) reported capex of $232M in Q1 2026.
How has International Business Machines's capex changed year-over-year?: International Business Machines's capex decreased by 4.9% year-over-year, from $244M to $232M.
What is the long-term trend for International Business Machines's capex?: Over 4 years (2021 to 2025), International Business Machines's capex has grown at a -14.7% compound annual growth rate (CAGR), from $2.06B to $1.09B.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.