What is International Business Machines's financing — cost?

International Business Machines (IBM) reported financing — cost of $124M in Q1 2026.

How has International Business Machines's financing — cost changed year-over-year?

International Business Machines's financing — cost increased by 19.2% year-over-year, from $104M to $124M.

What does financing — cost mean?

The total expenses incurred to operate the financing segment, including interest expense on debt used to fund the portfolio and operational overhead. It represents the cost of capital and service delivery.

International Business Machines IBM Financing — Cost

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LADFinancing Operations — Other Cost and Expense, Operating

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LADFinancing Operations — Interest Expense, Operating

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TFXPayments of Financing Costs

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ALLYCorporate Finance operations — Total interest expense

$130M+11.1%

Other financials

Income statement

See full

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

See full

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$234.13B-1.3%

Enterprise value$300.62B+0.3%

P/E21.8×-21.6×

P/S3.4×-0.4×

Profitability

See full

Gross margin58.4%+1.3pp

Net margin15.6%+6.9pp

FCF margin18.7%-1.3pp

Returns & leverage

See full

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:CostOfRevenue.

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 financing — cost?: International Business Machines (IBM) reported financing — cost of $124M in Q1 2026.
How has International Business Machines's financing — cost changed year-over-year?: International Business Machines's financing — cost increased by 19.2% year-over-year, from $104M to $124M.
What does financing — cost mean?: The total expenses incurred to operate the financing segment, including interest expense on debt used to fund the portfolio and operational overhead. It represents the cost of capital and service delivery.