International Business Machines IBM
NYSE IBM
$243.24 +9.17 (+3.92%)
At close: Sep 11, 2026 · 4:00 PM EDT

International Business Machines (IBM) Gross Margin (2009 - 2026)

International Business Machines (IBM) posted Gross Margin of 57.73% for Q2 2026, up 2.66% on a QoQ basis from 56.23% in Q1 2026, and down 104.0% year-over-year from 1443.16% in Q2 2025.

Analysis

International Business Machines (IBM) Gross Margin (2009 - 2026) Analysis & Trends

International Business Machines has reported Gross Margin for 18 years, with the latest figure at 57.73% in Q2 2026.

  • On a quarterly basis, Gross Margin fell 104.0% year-over-year to 57.73% in Q2 2026; TTM through Jun 2026 was 58.1%, a 53.0% increase from a year earlier, with the FY2025 full-year figure at 58.19%, up 154.0% from the prior year.
  • Gross Margin was 57.73% for Q2 2026 at International Business Machines, up from 56.23% in the prior quarter.
  • The five-year high for Gross Margin was 60.59% in Q4 2025, with the low at 51.67% in Q1 2022.
  • Average Gross Margin over 5 years is 56.02%, with a median of 56.24% recorded in 2026.
  • The sharpest annual moves came in 2022 and 2025: Gross Margin tumbled 186 bps in 2022, then surged 201 bps in 2025.
  • Over 5 years, Gross Margin stood at 57.71% in 2022, then gained by 2 bps to 59.07% in 2023, then climbed by 1 bps to 59.47% in 2024, then advanced by 2 bps to 60.59% in 2025, then fell by 5 bps to 57.73% in 2026.
  • The last three Gross Margin figures came in at 57.73% (Q2 2026), 56.23% (Q1 2026), and 60.59% (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Microsoft 3,681.04 Bn 3,548.29 Bn 60.48 Bn 67.20%
2 International Business Machines 229.16 Bn 217.90 Bn 9.91 Bn 57.73%
3 Nebius 56.81 Bn 48.77 Bn 448.70 Mn 77.06%
4 CoreWeave 49.03 Bn 43.49 Bn 1.70 Bn 65.86%
5 Nutanix 17.82 Bn 15.80 Bn 610.79 Mn 86.87%
6 DigitalOcean Holdings 12.89 Bn 12.13 Bn 154.66 Mn 55.00%
7 Kingsoft Cloud Holdings 2.97 Bn 2.28 Bn 68.71 Mn 15.18%
8 SharonAI Holdings 2.13 Bn 263.45 Mn 1.17 Mn 60.56%
9 Tuya 1.10 Bn 120.87 Mn 43.05 Mn 46.32%
10 Backblaze 715.48 Mn 664.10 Mn - -
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 57.73%
Mar 31, 2026 56.23%
Dec 31, 2025 60.59%
Sep 30, 2025 57.31%
Jun 30, 2025 58.77%
Mar 31, 2025 55.23%
Dec 31, 2024 59.47%
Sep 30, 2024 56.25%
Jun 30, 2024 56.75%
Mar 31, 2024 53.53%
Dec 31, 2023 59.07%
Sep 30, 2023 54.39%
Jun 30, 2023 54.93%
Mar 31, 2023 52.69%
Dec 31, 2022 57.71%
Sep 30, 2022 52.67%
Jun 30, 2022 53.36%
Mar 31, 2022 51.67%
Dec 31, 2021 56.91%
Sep 30, 2021 53.63%