What is International Business Machines's FX effect on cash?

International Business Machines (IBM) reported FX effect on cash of -$177M in Q1 2026.

How has International Business Machines's FX effect on cash changed year-over-year?

International Business Machines's FX effect on cash decreased by 206.0% year-over-year, from $167M to -$177M.

What does FX effect on cash mean?

The impact of exchange rate changes on the value of cash and equivalents held in foreign currencies.

International Business Machines IBM FX Effect on Cash

FX Effect on Cash at other companies

MicrosoftMSFT

-$114M-319%

Fair IsaacFICO

-$1.8M—

PTCPTC

-$2.94M—

NetAppNTAP

$1M+108%

AmazonAMZN

-$1M-100%

MicroStrategyMSTR

-$2.44M-389%

Other financials

Income statement

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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

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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

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Operating cash flow$5.2B+18.3%

CapEx$232.0M-4.9%

Free cash flow$4.9B+19.7%

Valuation

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Market cap$242.74B-7.0%

Enterprise value$309.24B-4.5%

P/E22.6×-25.1×

P/S3.5×-0.6×

Profitability

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Gross margin58.4%+1.3pp

Net margin15.6%+6.9pp

FCF margin18.7%-1.3pp

Returns & leverage

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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:EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents.

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 FX effect on cash?: International Business Machines (IBM) reported FX effect on cash of -$177M in Q1 2026.
How has International Business Machines's FX effect on cash changed year-over-year?: International Business Machines's FX effect on cash decreased by 206.0% year-over-year, from $167M to -$177M.
What does FX effect on cash mean?: The impact of exchange rate changes on the value of cash and equivalents held in foreign currencies.