Revenue

Variable Lease Income

International Business Machines Variable Lease Income decreased by 25.9% to $20.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 66.7%, from $12.00M to $20.00M. Over 4 years (FY 2021 to FY 2025), Variable Lease Income shows a downward trend with a -11.4% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.

Analysis

StatementIncome Statement
SectionRevenue
CategoryGrowth
SignalHigher is better
VolatilityModerate
First reportedQ1 2019
Last reportedQ1 2026Apr 23, 2026

How to read this metric

An increase indicates higher client activity levels or successful performance-based contract structures, while a decrease suggests lower utilization of the leased assets.

Detailed definition

This metric represents lease income that is contingent upon usage, performance, or other variable factors rather than fi...

Peer comparison

Common in technology and industrial sectors where equipment usage is tracked and billed variably.

Metric ID: ibm_variable_lease_income

Historical Data

20 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$22.00M$18.00M$23.00M$28.00M$28.00M$19.00M$12.00M$21.00M$14.00M$12.00M$21.00M$20.00M$18.00M$16.00M$14.00M$12.00M$16.00M$19.00M$27.00M$20.00M
QoQ Change-18.2%+27.8%+21.7%+0.0%-32.1%-36.8%+75.0%-33.3%-14.3%+75.0%-4.8%-10.0%-11.1%-12.5%-14.3%+33.3%+18.8%+42.1%-25.9%
YoY Change+27.3%+5.6%-47.8%-25.0%-50.0%-36.8%+75.0%-4.8%+28.6%+33.3%-33.3%-40.0%-11.1%+18.8%+92.9%+66.7%
Range$12.00M$28.00M
CAGR-2.0%
Avg YoY Growth+6.2%
Median YoY Growth+0.4%

Frequently Asked Questions

What is International Business Machines's variable lease income?
International Business Machines (IBM) reported variable lease income of $20.00M in Q1 2026.
How has International Business Machines's variable lease income changed year-over-year?
International Business Machines's variable lease income increased by 66.7% year-over-year, from $12.00M to $20.00M.
What is the long-term trend for International Business Machines's variable lease income?
Over 4 years (2021 to 2025), International Business Machines's variable lease income has grown at a -11.4% compound annual growth rate (CAGR), from $120.00M to $74.00M.
What does variable lease income mean?
Lease income that fluctuates based on usage or performance metrics rather than fixed schedules.