SuperworthInternational Business Machines profit margin IBM
Gross, operating and net profit as a share of revenue over the last twelve months, from 1995.
- Net margin, 12 months
- 16.0%
- Net margin on a year earlier
- +3.9 pts
- Peer median
- 11.3%
Over the twelve months to Sep 30, 2026, International Business Machines kept 16.0% of its revenue as net profit.
Five years earlier its net margin was 7.8%.
The median for 3 IT services stocks of a similar size is 11.3%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 15.7% | 17.5% | 58.2% |
| FY2024 | 9.6% | 14.9% | 56.7% |
| FY2023 | 12.1% | 15.2% | 55.4% |
| FY2022 | 2.7% | 13.5% | 54.0% |
| FY2021 | 10.0% | 12.0% | 54.9% |
| FY2020 | 7.6% | 9.2% | 48.3% |
| FY2019 | 12.2% | 13.7% | 47.3% |
| FY2018 | 11.0% | 16.6% | 46.4% |
| FY2017 | 7.3% | 16.6% | 46.7% |
| FY2016 | 14.9% | 16.4% | 47.9% |
| FY2015 | 16.1% | 19.2% | 49.8% |
| FY2014 | 13.0% | 20.0% | 50.0% |
| FY2013 | 16.6% | 19.9% | 48.9% |
| FY2012 | 15.9% | 20.6% | 48.1% |
| FY2011 | 14.8% | 20.0% | 46.9% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q3 FY26 | 16.0% | +3.9 pts | n/a | |
| Q2 FY26 | 15.5% | +6.4 pts | 17.3% | |
| Q1 FY26 | 15.6% | +6.9 pts | 17.7% | |
| Q4 FY25 | 15.7% | +6.1 pts | 17.5% | |
| Q3 FY25 | 12.1% | +1.9 pts | 17.1% | |
| Q2 FY25 | 9.1% | −4.4 pts | 16.1% | |
| Q1 FY25 | 8.7% | −4.5 pts | 15.3% | |
| Q4 FY24 | 9.6% | −2.5 pts | 14.9% | |
| Q3 FY24 | 10.2% | −1.1 pts | 15.1% | |
| Q2 FY24 | 13.5% | +10.2 pts | 15.5% | |
| Q1 FY24 | 13.2% | +10.2 pts | 15.1% | |
| Q4 FY23 | 12.1% | +9.4 pts | 15.2% |
Against its peers
Companies in Information Technology Services nearest International Business Machines' size, closest first, today.
| Company | Profit margin |
|---|---|
| IBMInternational Business Machines | 16.0% |
| ACNAccenture | 11.3% |
| CTSHCognizant Technology Solutions | 10.3% |
| FISVFiserv | 13.4% |
| Peer median | 11.3% |
Where International Business Machines ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on International Business Machines
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.