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-on-year from 1443.16% in Q2 2025, and up 2.66% on a QoQ basis from 56.23% in Q1 2026.
International Business Machines (IBM) Gross Margin (2009 - 2026) Analysis & Trends
International Business Machines (IBM) has reported Gross Margin for 18 consecutive years, with 57.73% the latest figure, recorded in Q2 2026.
- Quarterly Gross Margin fell 104.0% year-over-year to 57.73% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 58.1% (up 53.0% YoY) and the FY2025 annual result came in at 58.19%, up 154.0% from the prior year.
- Gross Margin rose to 57.73% in Q2 2026 per IBM's latest filing, from 56.23% in the prior quarter.
- Over the last five years, Gross Margin for IBM reached as high as 60.59% in Q4 2025 and fell as low as 51.67% in Q1 2022.
- A 5-year average of 56.02% and a median of 56.24% in 2026 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2022 — Gross Margin tumbled 186 bps — and 2025, when it surged 201 bps.
- Year by year, Gross Margin stood at 57.71% in 2022, then advanced by 2 bps to 59.07% in 2023, then grew by 1 bps to 59.47% in 2024, then climbed by 2 bps to 60.59% in 2025, then retreated by 5 bps to 57.73% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 57.73%, 56.23%, and 60.59% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | International Business Machines | 193.88 Bn | 178.95 Bn | 9.91 Bn | 57.73% |
| 2 | Accenture | 84.94 Bn | 75.26 Bn | 6.13 Bn | 32.77% |
| 3 | GDS Holdings | 50.55 Bn | 48.40 Bn | 164.04 Mn | 33.61% |
| 4 | Infosys | 44.05 Bn | 44.79 Bn | 1.60 Bn | 31.48% |
| 5 | Cgi | 41.25 Bn | 40.60 Bn | - | - |
| 6 | Fidelity National Information Services | 20.63 Bn | 19.87 Bn | 1.11 Bn | 33.63% |
| 7 | Cognizant Technology Solutions | 20.39 Bn | 18.87 Bn | 1.78 Bn | 32.79% |
| 8 | Wipro | 18.65 Bn | 17.52 Bn | 738.00 Mn | 28.54% |
| 9 | Broadridge Financial Solutions | 16.79 Bn | 16.48 Bn | 626.90 Mn | 32.09% |
| 10 | Cdw | 16.66 Bn | 16.08 Bn | 1.19 Bn | 20.95% |
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% |