Discontinued — last reported Q4 '25

Operating Expenses

Variable Lease Cost

International Business Machines Variable Lease Cost remained flat by 0.0% to $75.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 6.5%, from $80.25M to $75.00M. Over 4 years (FY 2021 to FY 2025), Variable Lease Cost shows a downward trend with a -2.8% CAGR.

Analysis

StatementIncome Statement
SectionOperating Expenses
CategoryEfficiency
SignalContext dependent
VolatilityModerate
First reportedQ1 2019
Last reportedQ4 2025

How to read this metric

An increase suggests higher utilization of leased assets, which may correlate with increased production or sales volume.

Detailed definition

This metric captures lease payments that are not fixed but fluctuate based on usage, performance, or other indices. Unli...

Peer comparison

Reported as 'Variable Lease Payments' in the lease disclosure notes of most large-cap industrial companies.

Metric ID: is_wmt_variable_lease_cost

Historical Data

5 years
 FY'21FY'22FY'23FY'24FY'25
Value$336.00M$262.00M$331.00M$321.00M$300.00M
YoY Change—-22.0%+26.3%-3.0%-6.5%
Range$262.00M – $336.00M
CAGR-2.8%
Avg YoY Growth-1.3%
Median YoY Growth-4.8%
Current Streak2 years decline

Frequently Asked Questions

What is International Business Machines's variable lease cost?
International Business Machines (IBM) reported variable lease cost of $75.00M in Q4 2025.
How has International Business Machines's variable lease cost changed year-over-year?
International Business Machines's variable lease cost decreased by 6.5% year-over-year, from $80.25M to $75.00M.
What is the long-term trend for International Business Machines's variable lease cost?
Over 4 years (2021 to 2025), International Business Machines's variable lease cost has grown at a -2.8% compound annual growth rate (CAGR), from $336.00M to $300.00M.
What does variable lease cost mean?
Lease expenses that change based on usage or other performance-based factors.

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