Operating Expenses
Operating Lease Cost
International Business Machines Operating Lease Cost remained flat by 0.0% to $256.75M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 0.9%, from $254.50M to $256.75M. Over 4 years (FY 2021 to FY 2025), Operating Lease Cost shows relatively stable performance with a -2.3% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementIncome Statement
SectionOperating Expenses
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2019
Last reportedQ4 2025Feb 24, 2026
How to read this metric
Increasing costs signal higher recurring operational overhead related to leased assets.
Detailed definition
The portion of total lease expense specifically attributable to operating leases, recognized on a straight-line basis ov...
Peer comparison
Standard metric for comparing rental and leasing overhead across retail, manufacturing, and logistics sectors.
Metric ID:
cat_operating_lease_costHistorical Data
5 years
| FY'21 | FY'22 | FY'23 | FY'24 | FY'25 | |
|---|---|---|---|---|---|
| Value | $1.13B | $1.05B | $1.01B | $1.02B | $1.03B |
| YoY Change | — | -6.7% | -3.5% | +0.5% | +0.9% |
Range$1.01B – $1.13B
CAGR-2.3%
Avg YoY Growth-2.2%
Median YoY Growth-1.5%
Current Streak2 years growth
Operating Lease Cost at Other Companies
Frequently Asked Questions
- What is International Business Machines's operating lease cost?
- International Business Machines (IBM) reported operating lease cost of $256.75M in Q4 2025.
- How has International Business Machines's operating lease cost changed year-over-year?
- International Business Machines's operating lease cost increased by 0.9% year-over-year, from $254.50M to $256.75M.
- What is the long-term trend for International Business Machines's operating lease cost?
- Over 4 years (2021 to 2025), International Business Machines's operating lease cost has grown at a -2.3% compound annual growth rate (CAGR), from $1.13B to $1.03B.
- What does operating lease cost mean?
- The expense recognized for operating leases.