Discontinued — last reported Q4 '25

Revenue

Variable Lease Income

International Business Machines Variable Lease Income increased by 42.1% to $27.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 92.9%, from $14.00M to $27.00M. Over 4 years (FY 2021 to FY 2025), Variable Lease Income shows a downward trend with a -11.4% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.

Analysis

StatementIncome Statement
SectionRevenue
CategoryGrowth
SignalHigher is better
VolatilityModerate
First reportedQ1 2019
Last reportedQ4 2025

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: is_ibm_variable_lease_income

Historical Data

19 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
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
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%
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%
Range$12.00M$28.00M
CAGR+4.7%
Avg YoY Growth+2.2%
Median YoY Growth-4.8%
Current Streak3 quarters growth

Frequently Asked Questions

What is International Business Machines's variable lease income?
International Business Machines (IBM) reported variable lease income of $27.00M in Q4 2025.
How has International Business Machines's variable lease income changed year-over-year?
International Business Machines's variable lease income increased by 92.9% year-over-year, from $14.00M to $27.00M.
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.

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