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

International Business Machines' Gross Margin history runs 18 years deep, the most recent figure standing at 56.23% for Q1 2026.

• In Q1 2026, Gross Margin rose 100.0% year-over-year to 56.23%; the TTM figure through Mar 2026 stood at 58.36% (up 132.0% YoY), while the FY2025 annual figure was 58.19%, up 154.0% from the prior year.
• Gross Margin was 56.23% for Q1 2026 at International Business Machines, down from 60.59% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 60.59% in Q4 2025 to a low of 51.67% in Q1 2022.
• Historically, Gross Margin has averaged 55.92% across 5 years, with a median of 56.23% in 2026.
• The sharpest annual moves came in 2022 and 2025: Gross Margin plunged 186 bps in 2022, then jumped 201 bps in 2025.
• A 5-year view of Gross Margin shows it stood at 57.71% in 2022, then rose by 2 bps to 59.07% in 2023, then advanced by 1 bps to 59.47% in 2024, then gained by 2 bps to 60.59% in 2025, then slipped by 7 bps to 56.23% in 2026.
• The last three Gross Margin figures came in at 56.23% (Q1 2026), 60.59% (Q4 2025), and 57.31% (Q3 2025), per Business Quant data.