International Business Machines (IBM) Gross Margin (2009 - 2026)
International Business Machines (IBM) recorded Gross Margin of 57.73% in Q2 2026, down 1.04 percentage points from 58.77% a year earlier but up 1.50 percentage points from the prior quarter.
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Analysis
International Business Machines (IBM) Gross Margin (2009 - 2026) Analysis & Trends
On a TTM basis, International Business Machines' Gross Margin came in at 58.10% as of Jun 30, 2026, up 0.53 percentage points year-over-year; for FY2025, it came in at 58.19%, up 1.54 percentage points from FY2024.
- Annual Gross Margin has increased for three straight years, with a five-year change of +2.25 percentage points (FY2020 to FY2025).
- Across earlier years, Gross Margin came in at 56.65% in FY2024 (+1.20 pp), 55.45% in FY2023 (+1.45 pp), 54.00% in FY2022 (-0.90 pp) and 54.90% in FY2021 (-1.03 pp).
- Quarterly Gross Margin has ranged from 51.67% in Q1 2022 to 60.59% in Q4 2025 over the past five years.
- On a year-over-year basis, Gross Margin rose in seven of the last eight quarters, with an average year-over-year change of +1.01 percentage points.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 5.62 percentage points in Q3 2021, against a drop of 244.90 percentage points in Q4 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 56.23% (Q1 2026), 60.59% (Q4 2025) and 57.31% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,890.86 Bn | 3,826.35 Bn | 62.56 Bn | 67.79% |
| 2 | International Business Machines | 233.55 Bn | 188.83 Bn | 9.71 Bn | 56.80% |
| 3 | Cloudflare | 109.18 Bn | 91.62 Bn | 557.23 Mn | 71.21% |
| 4 | Equinix | 104.31 Bn | 92.20 Bn | 1.31 Bn | 51.11% |
| 5 | CoreWeave | 29.43 Bn | 14.28 Bn | 2.48 Bn | 67.69% |
| 6 | Nebius | 29.32 Bn | 122.11 Mn | 761.10 Mn | 77.60% |
| 7 | Verisign | 28.11 Bn | 25.46 Bn | 393.20 Mn | 88.76% |
| 8 | Nutanix | 16.34 Bn | 8.02 Bn | 651.35 Mn | 86.03% |
| 9 | GoDaddy | 13.97 Bn | 9.35 Bn | 843.00 Mn | 62.83% |
| 10 | Akamai Technologies | 12.30 Bn | 3.31 Bn | 617.27 Mn | 55.02% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 56.80% |
| 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% |
API Access
International Business Machines Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=IBM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "IBM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=IBM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();