International Business Machines (IBM) EBITDA Margin (2009 - 2026)
International Business Machines (IBM) posted EBITDA Margin of 15.24% for Q2 2026, up 43.68% on a QoQ basis from 10.61% in Q1 2026, and down 157.0% year-over-year from 26.73% in Q2 2025.
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International Business Machines (IBM) EBITDA Margin (2009 - 2026) Analysis & Trends
International Business Machines has reported EBITDA Margin for 18 years, with the latest figure at 15.24% in Q2 2026.
- On a quarterly basis, EBITDA Margin fell 157.0% year-over-year to 15.24% in Q2 2026; TTM through Jun 2026 was 16.08%, a 158.0% increase from a year earlier, with the FY2025 full-year figure at 16.08%, up 272.0% from the prior year.
- EBITDA Margin was 15.24% for Q2 2026 at International Business Machines, up from 10.61% in the prior quarter.
- The five-year high for EBITDA Margin was 21.74% in Q4 2025, with the low at 6.72% in Q1 2024.
- Average EBITDA Margin over 5 years is 13.45%, with a median of 12.56% recorded in 2023.
- The sharpest annual moves came in 2024 and 2025: EBITDA Margin plunged 183 bps in 2024, then soared 458 bps in 2025.
- Over 5 years, EBITDA Margin stood at 19.54% in 2022, then grew by 10 bps to 21.45% in 2023, then declined by 4 bps to 20.55% in 2024, then rose by 6 bps to 21.74% in 2025, then retreated by 30 bps to 15.24% in 2026.
- The last three EBITDA Margin figures came in at 15.24% (Q2 2026), 10.61% (Q1 2026), and 21.74% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,681.04 Bn | 3,548.29 Bn | 60.48 Bn | 45.11% |
| 2 | International Business Machines | 229.16 Bn | 217.90 Bn | 9.91 Bn | 15.24% |
| 3 | Nebius | 56.81 Bn | 48.77 Bn | 448.70 Mn | -30.21% |
| 4 | CoreWeave | 49.03 Bn | 43.49 Bn | 1.70 Bn | -1.90% |
| 5 | Nutanix | 17.82 Bn | 15.80 Bn | 610.79 Mn | 10.03% |
| 6 | DigitalOcean Holdings | 12.89 Bn | 12.13 Bn | 154.66 Mn | 10.45% |
| 7 | Kingsoft Cloud Holdings | 2.97 Bn | 2.28 Bn | 68.71 Mn | 0.75% |
| 8 | SharonAI Holdings | 2.13 Bn | 263.45 Mn | 1.17 Mn | -1,283.24% |
| 9 | Tuya | 1.10 Bn | 120.87 Mn | 43.05 Mn | 10.02% |
| 10 | Backblaze | 715.48 Mn | 664.10 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 15.24% |
| Mar 31, 2026 | 10.61% |
| Dec 31, 2025 | 21.74% |
| Sep 30, 2025 | 15.49% |
| Jun 30, 2025 | 16.81% |
| Mar 31, 2025 | 8.22% |
| Dec 31, 2024 | 20.55% |
| Sep 30, 2024 | 10.91% |
| Jun 30, 2024 | 13.77% |
| Mar 31, 2024 | 6.72% |
| Dec 31, 2023 | 21.45% |
| Sep 30, 2023 | 12.74% |
| Jun 30, 2023 | 12.37% |
| Mar 31, 2023 | 7.02% |
| Dec 31, 2022 | 19.54% |
| Sep 30, 2022 | 10.12% |
| Jun 30, 2022 | 11.34% |
| Mar 31, 2022 | 7.46% |
| Dec 31, 2021 | 17.81% |
| Sep 30, 2021 | 9.01% |