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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |