International Business Machines (IBM) Gross Margin (2009 - 2026)
International Business Machines (IBM) posted quarterly Gross Margin of 57.73% for Q2 2026, down 104.0% year-over-year from 1443.16% in Q2 2025, and up 2.66% quarter-over-quarter from 56.23% in Q1 2026.
International Business Machines (IBM) Gross Margin (2009 - 2026) Analysis & Trends
International Business Machines' Gross Margin history runs 18 years deep, the most recent figure standing at 57.73% for Q2 2026.
- In Q2 2026, Gross Margin fell 104.0% year-over-year to 57.73%; the TTM figure through Jun 2026 stood at 58.1% (up 53.0% YoY), while the FY2025 annual figure was 58.19%, up 154.0% from the prior year.
- Gross Margin for Q2 2026 stood at 57.73%, 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.
- The 5-year median for Gross Margin is 56.24% (2026), against an average of 56.02%.
- The sharpest annual moves came in 2022 and 2025: Gross Margin tumbled 186 bps in 2022, then soared 201 bps in 2025.
- International Business Machines' Gross Margin stood at 57.71% in 2022, then increased by 2 bps to 59.07% in 2023, then gained by 1 bps to 59.47% in 2024, then rose by 2 bps to 60.59% in 2025, then dropped by 5 bps to 57.73% in 2026.
- Business Quant data shows IBM's Gross Margin at 57.73% in Q2 2026, 56.23% in Q1 2026, and 60.59% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | International Business Machines | 221.26 Bn | 209.90 Bn | 9.91 Bn | 57.73% |
| 2 | Accenture | 111.93 Bn | 101.76 Bn | 6.13 Bn | 32.77% |
| 3 | Infosys | 48.27 Bn | 48.27 Bn | 1.60 Bn | 31.48% |
| 4 | Cgi | 32.92 Bn | 32.46 Bn | - | - |
| 5 | Cognizant Technology Solutions | 28.46 Bn | 27.41 Bn | 1.83 Bn | 33.37% |
| 6 | Fidelity National Information Services | 21.09 Bn | 20.35 Bn | 1.17 Bn | 34.76% |
| 7 | Broadridge Financial Solutions | 20.91 Bn | 20.51 Bn | 853.00 Mn | 38.43% |
| 8 | Wipro | 19.87 Bn | 18.80 Bn | 738.00 Mn | 28.54% |
| 9 | Leidos Holdings | 18.06 Bn | 17.31 Bn | 817.00 Mn | 17.92% |
| 10 | Cdw | 16.81 Bn | 16.45 Bn | 1.32 Bn | 20.08% |
Historic Data
Download 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% |