IBM Profit Margins - INTERNATIONAL BUSINESS MACHINES CORP

Complete source-backed margin history.

Available history: 2007-12-31 to 2026-06-30
Data captured: 2026-09-04

Historical Profit Margins

Date	Gross margin	Operating margin	Net margin
2026-06-30	57.73%	—	12.62%
2026-03-31	56.23%	—	7.64%
2025-12-31	60.59%	—	28.45%
2025-09-30	57.31%	—	10.68%
2025-06-30	58.77%	—	12.92%
2025-03-31	55.23%	—	7.26%
2024-12-31	59.47%	—	16.60%
2024-09-30	56.25%	—	-2.20%
2024-06-30	56.75%	—	11.63%
2024-03-31	53.53%	—	11.10%
2023-12-31	59.07%	—	18.92%
2023-09-30	54.39%	—	11.55%
2023-06-30	54.93%	—	10.23%
2023-03-31	52.69%	—	6.50%
2022-12-31	57.71%	—	16.24%
2022-09-30	52.67%	—	-22.66%
2022-06-30	53.36%	—	8.96%
2022-03-31	51.67%	—	5.16%
2021-12-31	56.91%	—	13.98%
2021-09-30	53.63%	—	8.53%
2021-06-30	55.23%	—	9.32%
2021-03-31	53.29%	—	7.24%
2020-12-31	301.82%	—	70.40%
2020-09-30	48.01%	—	9.67%
2020-06-30	48.01%	—	7.51%
2020-03-31	45.09%	—	6.69%
2019-12-31	262.16%	—	156.57%
2019-09-30	46.24%	—	9.27%
2019-06-30	47.02%	—	13.04%
2019-03-31	44.24%	—	8.75%
2018-12-31	49.11%	—	8.97%
2018-09-30	46.93%	—	14.36%
2018-06-30	45.99%	—	12.02%
2018-03-31	43.24%	—	8.80%
2017-12-31	49.02%	—	-4.68%
2017-09-30	46.89%	—	14.23%
2017-06-30	46.49%	—	12.08%
2017-03-31	43.76%	—	9.64%
2016-12-31	51.06%	—	20.68%
2016-09-30	46.88%	—	14.84%
2016-06-30	47.94%	—	12.37%
2016-03-31	46.49%	—	10.78%
2015-12-31	51.71%	—	20.23%
2015-09-30	48.94%	—	15.30%
2015-06-30	49.92%	—	16.57%
2015-03-31	48.25%	—	11.88%
2014-12-31	53.34%	—	22.74%
2014-09-30	48.55%	—	0.08%
2014-06-30	50.09%	—	17.20%
2014-03-31	47.79%	—	10.72%
2013-12-31	52.35%	—	22.58%
2013-09-30	48.97%	—	17.32%
2013-06-30	48.68%	—	12.94%
2013-03-31	45.62%	—	12.95%
2012-12-31	55.04%	—	21.08%
2012-09-30	47.41%	—	15.45%
2012-06-30	47.63%	—	15.05%
2012-03-31	45.06%	—	12.43%
2011-12-31	49.93%	—	18.62%
2011-09-30	46.54%	—	14.68%
2011-06-30	46.44%	—	13.74%
2011-03-31	44.13%	—	11.63%
2010-09-30	45.33%	—	14.79%
2010-06-30	45.56%	—	14.27%
2010-03-31	43.65%	—	11.38%
2009-12-31	48.27%	—	17.68%
2009-09-30	45.09%	—	13.64%
2009-06-30	45.51%	—	13.35%
2009-03-31	43.44%	—	10.57%
2008-12-31	47.90%	—	16.39%
2008-09-30	43.31%	—	11.16%
2008-06-30	43.25%	—	10.31%

Annual Profit Margins

Date	Gross margin	Operating margin	Net margin
2025-12-31	58.19%	—	15.69%
2024-12-31	56.65%	—	9.60%
2023-12-31	55.45%	—	12.13%
2022-12-31	54.00%	—	2.71%
2021-12-31	54.90%	—	10.01%
2020-12-31	55.94%	—	10.13%
2019-12-31	54.64%	—	16.34%
2018-12-31	46.41%	—	10.97%
2017-12-31	46.68%	—	7.27%
2016-12-31	48.19%	—	14.86%
2015-12-31	49.77%	—	16.14%
2014-12-31	50.01%	—	12.96%
2013-12-31	49.49%	—	16.76%
2012-12-31	48.95%	—	16.14%
2011-12-31	46.89%	—	14.83%
2010-12-31	46.07%	—	14.85%
2009-12-31	45.72%	—	14.02%
2008-12-31	44.06%	—	11.90%
2007-12-31	42.24%	—	10.55%