International Business Machines annual gross margin
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2025
International Business Machines Gross Margin Growth & History (IBM)
International Business Machines's gross margin was 58.19% for fiscal 2025.
View full International Business Machines company overviewInternational Business Machines annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 58.19% | +1.54 pp |
| 2024 | 2024-12-31 | 56.65% | +1.20 pp |
| 2023 | 2023-12-31 | 55.45% | +1.45 pp |
| 2022 | 2022-12-31 | 54.00% | −0.90 pp |
| 2021 | 2021-12-31 | 54.90% | −1.03 pp |
| 2020 | 2020-12-31 | 55.94% | +1.30 pp |
| 2019 | 2019-12-31 | 54.64% | +8.23 pp |
| 2018 | 2018-12-31 | 46.41% | −0.27 pp |
| 2017 | 2017-12-31 | 46.68% | −1.51 pp |
| 2016 | 2016-12-31 | 48.19% | −1.58 pp |
| 2015 | 2015-12-31 | 49.77% | −0.24 pp |
| 2014 | 2014-12-31 | 50.01% | +0.52 pp |
| 2013 | 2013-12-31 | 49.49% | +0.54 pp |
| 2012 | 2012-12-31 | 48.95% | +2.06 pp |
| 2011 | 2011-12-31 | 46.89% | +0.82 pp |
| 2010 | 2010-12-31 | 46.07% | +0.35 pp |
| 2009 | 2009-12-31 | 45.72% | +1.66 pp |
| 2008 | 2008-12-31 | 44.06% | +1.82 pp |
| 2007 | 2007-12-31 | 42.24% | — |
International Business Machines quarterly gross margin
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| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 57.73% | −1.04 pp |
| Q1 2026 | 2026-03-31 | 56.23% | +1.00 pp |
| Q4 2025 | 2025-12-31 | 60.60% | +1.13 pp |
| Q3 2025 | 2025-09-30 | 57.31% | +1.06 pp |
| Q2 2025 | 2025-06-30 | 58.77% | +2.01 pp |
| Q1 2025 | 2025-03-31 | 55.23% | +1.70 pp |
| Q4 2024 | 2024-12-31 | 59.47% | +0.40 pp |
| Q3 2024 | 2024-09-30 | 56.25% | +1.87 pp |
| Q2 2024 | 2024-06-30 | 56.75% | +1.82 pp |
| Q1 2024 | 2024-03-31 | 53.53% | +0.85 pp |
| Q4 2023 | 2023-12-31 | 59.07% | +1.36 pp |
| Q3 2023 | 2023-09-30 | 54.39% | +1.72 pp |
| Q2 2023 | 2023-06-30 | 54.93% | +1.57 pp |
| Q1 2023 | 2023-03-31 | 52.69% | +1.02 pp |
| Q4 2022 | 2022-12-31 | 57.71% | +0.80 pp |
| Q3 2022 | 2022-09-30 | 52.67% | −0.96 pp |
| Q2 2022 | 2022-06-30 | 53.36% | −1.86 pp |
| Q1 2022 | 2022-03-31 | 51.67% | −1.62 pp |
| Q4 2021 | 2021-12-31 | 56.91% | −245.06 pp |
| Q3 2021 | 2021-09-30 | 53.63% | +5.62 pp |
| Q2 2021 | 2021-06-30 | 55.23% | +7.22 pp |
| Q1 2021 | 2021-03-31 | 53.29% | +8.20 pp |
| Q4 2020 | 2020-12-31 | 301.97% | +39.75 pp |
| Q3 2020 | 2020-09-30 | 48.01% | +1.77 pp |
| Q2 2020 | 2020-06-30 | 48.01% | +0.98 pp |
| Q1 2020 | 2020-03-31 | 45.09% | +0.85 pp |
| Q4 2019 | 2019-12-31 | 262.23% | +213.11 pp |
| Q3 2019 | 2019-09-30 | 46.24% | −0.70 pp |
| Q2 2019 | 2019-06-30 | 47.02% | +1.03 pp |
| Q1 2019 | 2019-03-31 | 44.24% | +0.99 pp |
| Q4 2018 | 2018-12-31 | 49.11% | +0.09 pp |
| Q3 2018 | 2018-09-30 | 46.93% | +0.04 pp |
| Q2 2018 | 2018-06-30 | 45.99% | −0.50 pp |
| Q1 2018 | 2018-03-31 | 43.24% | −0.52 pp |
| Q4 2017 | 2017-12-31 | 49.02% | −2.03 pp |
| Q3 2017 | 2017-09-30 | 46.89% | +0.01 pp |
| Q2 2017 | 2017-06-30 | 46.49% | −1.45 pp |
| Q1 2017 | 2017-03-31 | 43.76% | −2.73 pp |
| Q4 2016 | 2016-12-31 | 51.05% | −0.65 pp |
| Q3 2016 | 2016-09-30 | 46.88% | −2.06 pp |
| Q2 2016 | 2016-06-30 | 47.94% | −1.98 pp |
| Q1 2016 | 2016-03-31 | 46.49% | −1.76 pp |
| Q4 2015 | 2015-12-31 | 51.71% | −1.63 pp |
| Q3 2015 | 2015-09-30 | 48.94% | +0.39 pp |
| Q2 2015 | 2015-06-30 | 49.92% | −0.16 pp |
| Q1 2015 | 2015-03-31 | 48.25% | +0.46 pp |
| Q4 2014 | 2014-12-31 | 53.34% | −0.77 pp |
| Q3 2014 | 2014-09-30 | 48.55% | −0.42 pp |
| Q2 2014 | 2014-06-30 | 50.09% | +1.41 pp |
| Q1 2014 | 2014-03-31 | 47.79% | +2.17 pp |
| Q4 2013 | 2013-12-31 | 54.11% | −0.93 pp |
| Q3 2013 | 2013-09-30 | 48.97% | +1.56 pp |
| Q2 2013 | 2013-06-30 | 48.68% | +1.04 pp |
| Q1 2013 | 2013-03-31 | 45.62% | +0.56 pp |
| Q4 2012 | 2012-12-31 | 55.04% | +5.11 pp |
| Q3 2012 | 2012-09-30 | 47.41% | +0.87 pp |
| Q2 2012 | 2012-06-30 | 47.63% | +1.19 pp |
| Q1 2012 | 2012-03-31 | 45.06% | +0.94 pp |
| Q4 2011 | 2011-12-31 | 49.93% | +0.90 pp |
| Q3 2011 | 2011-09-30 | 46.54% | +1.21 pp |
| Q2 2011 | 2011-06-30 | 46.44% | +0.88 pp |
| Q1 2011 | 2011-03-31 | 44.13% | +0.48 pp |
| Q4 2010 | 2010-12-31 | 49.03% | +0.76 pp |
| Q3 2010 | 2010-09-30 | 45.33% | +0.23 pp |
| Q2 2010 | 2010-06-30 | 45.56% | +0.05 pp |
| Q1 2010 | 2010-03-31 | 43.65% | +0.21 pp |
| Q4 2009 | 2009-12-31 | 48.28% | +4.96 pp |
| Q3 2009 | 2009-09-30 | 45.09% | +1.85 pp |
| Q2 2009 | 2009-06-30 | 45.51% | — |
| Q1 2009 | 2009-03-31 | 43.44% | — |
| Q3 2008 | 2008-09-30 | 43.31% | — |
| Q2 2008 | 2008-06-30 | 43.25% | — |
International Business Machines gross margin trends
Over the last five reported fiscal years, International Business Machines's gross margin increased from 55.94% to 58.19%, a change of +2.25 percentage points. The latest reported quarter, Q2 2026, shows 57.73%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review International Business Machines filings at SEC.gov ↗