IBM · 10-Q · 2026Q3 · Full report

Financing Receivables Trends

INTERNATIONAL BUSINESS MACHINES CORP · 2026-10-22 · Importance 60 · Surprise 40 · No source text

IBM transferred $6,265 million of commercial financing receivables during the nine months ended September 30, 2026, up from $5,681 million in the prior-year period, supporting cash and liquidity management. Client financing receivables by portfolio segment declined to $11,828 million at September 30, 2026 from $13,328 million at December 31, 2025, a decrease of approximately 11%. The September 30, 2026 balance comprised $6,674 million in the Americas, $3,657 million in EMEA, and $1,497 million in Asia Pacific.

Key facts

• The company has an existing agreement with a third-party investor to sell up to $1.3 billion of IBM short-term commercial financing receivables on a revolving basis. source
• Client financing receivables at September 30, 2026 were $11,708 million compared to $13,192 million at December 31, 2025. source
• Commercial financing receivables at September 30, 2026 were $1,548 million compared to $2,992 million at December 31, 2025. source
• Amortized cost of Financing segment receivables excluding held for sale was $12,602 million at September 30, 2026 compared to $15,193 million at December 31, 2025; net financing receivables were $12,482 million at September 30, 2026 compared to $15,052 million at December 31, 2025. source
• Financing receivables, gross at September 30, 2026: $13,956 million. source
• At December 31, 2025, total financing receivables, gross: $16,968 million. source
• At December 31, 2025, total financing receivables, net (amortized cost less allowances): $16,184 million. source
• Financing segment debt at September 30, 2026 was $12,652 million, a decrease of $2,442 million from December 31, 2025. source

Impact estimates