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International Business Machines IBM Financing — Interest Expense

Other segment segments

Consulting
$0
Infrastructure
$0
Software
$0

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Other financials

Income statement

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Revenue$15.9B+9.5%
Gross profit$9.9B-0.7%
Net income$1.2B+15.3%
EPS (diluted)$2.27-1.7%

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$2.6B+52.7%
CapEx-$975.0M-564%
Free cash flow$1.6B+8.8%

Valuation

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Market cap$222.27B-5.4%
Enterprise value$288.76B+0.3%

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:InterestExpense.

The source filing: International Business Machines’s 10-Q, filed April 23, 2026.

Filed
Apr 23, 2026, 6:22 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000051143-26-000038
($ in millions) / For the three months ended March 31, 2026:SoftwareConsultingInfrastructureFinancingTotal Segments
Depreciation (1) /amortization of non-acquired intangibles$134$21$278$1$433
Interest Income205205
Interest Expense111111
For the three months ended March 31, 2025:
Depreciation (1) /amortization of non-acquired intangibles$121$21$266$1$409
Interest Income176176
Interest Expense9090

Item 1. Consolidated Financial Statements (Unaudited)

FAQ

What is International Business Machines's financing — interest expense?
International Business Machines (IBM) reported financing — interest expense of $111M in Q1 2026.
How has International Business Machines's financing — interest expense changed year-over-year?
International Business Machines's financing — interest expense increased by 23.3% year-over-year, from $90M to $111M.
What does financing — interest expense mean?
This metric captures the cost of borrowing funds used to support the financing segment's lending activities. It represents the interest paid on debt obligations specifically allocated to the segment. Managing this expense is crucial for maintaining a healthy net interest margin.

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