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International Business Machines IBM Infrastructure — FX & Other Adjustments

Other segment segments

Software
-$175M-182%
Consulting
-$36M-166%
Other
$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:GoodwillForeignCurrencyTranslationGainLoss.

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)BalanceGoodwill AdditionsForeign Currency Translationand Other Adjustments (1)Balance
Segment1/1/2026Divestitures3/31/2026
Software$52,987$7,136$(175)$59,950
Consulting10,34189(36)10,376
Infrastructure4,389(6)4,383
Other
Total$67,717$7,225$(217)$74,709

Item 1. Consolidated Financial Statements (Unaudited)

FAQ

What is International Business Machines's infrastructure — FX & other adjustments?
International Business Machines (IBM) reported infrastructure — FX & other adjustments of -$6M in Q1 2026.
How has International Business Machines's infrastructure — FX & other adjustments changed year-over-year?
International Business Machines's infrastructure — FX & other adjustments decreased by 192.3% year-over-year, from $6.5M to -$6M.
What is the long-term trend for International Business Machines's infrastructure — FX & other adjustments?
Over 2 years (2021 to 2025), International Business Machines's infrastructure — FX & other adjustments has grown at a -18.4% compound annual growth rate (CAGR), from $39M to $26M.
What does infrastructure — FX & other adjustments mean?
Captures the impact of foreign exchange rate fluctuations on the carrying value of goodwill and other assets within the Infrastructure segment. It accounts for the translation of assets denominated in non-functional currencies into the reporting currency.

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