International Business Machines (IBM) Net Margin (2009 - 2025)
International Business Machines (IBM) posted Net Margin of 15.68% for FY2025, up 63.41% year-over-year from 9.6% in FY2024.
Analysis
International Business Machines (IBM) Net Margin (2009 - 2025) Analysis & Trends
International Business Machines has reported Net Margin for 17 years, with the latest figure at 15.68% in FY2025.
- On a quarterly basis, Net Margin fell 31.0% year-over-year to 12.62% in Q2 2026; TTM through Jun 2026 was 15.52%, a 641.0% increase from a year earlier, with the FY2025 full-year figure at 15.68%, up 609.0% from the prior year.
- Net Margin was 15.68% for FY2025 at International Business Machines, up from 9.6% in the prior year.
- The five-year high for Net Margin was 15.68% in FY2025, with the low at 2.71% in FY2022.
- Average Net Margin over 5 years is 10.03%, with a median of 10.01% recorded in 2021.
- The sharpest annual moves came in 2022 and 2023: Net Margin sank 731 bps in 2022, then surged 942 bps in 2023.
- Over 5 years, Net Margin stood at 10.01% in 2021, then plunged by 73 bps to 2.71% in 2022, then surged by 348 bps to 12.13% in 2023, then decreased by 21 bps to 9.6% in 2024, then soared by 63 bps to 15.68% in 2025.
- The last three Net Margin figures came in at 15.68% (FY2025), 9.6% (FY2024), and 12.13% (FY2023), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Yr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,639.54 Bn | 3,506.79 Bn | 60.48 Bn | 39.50% |
| 2 | International Business Machines | 223.82 Bn | 212.46 Bn | 9.91 Bn | - |
| 3 | Nebius | 50.79 Bn | 42.75 Bn | 448.70 Mn | - |
| 4 | CoreWeave | 46.01 Bn | 40.47 Bn | 1.70 Bn | - |
| 5 | Nutanix | 18.26 Bn | 16.24 Bn | 610.79 Mn | - |
| 6 | DigitalOcean Holdings | 12.89 Bn | 12.13 Bn | 154.66 Mn | - |
| 7 | Kingsoft Cloud Holdings | 2.58 Bn | 1.89 Bn | 68.71 Mn | - |
| 8 | Tuya | 1.07 Bn | 90.62 Mn | 43.05 Mn | - |
| 9 | SharonAI Holdings | 983.15 Mn | -878.20 Mn | 1.17 Mn | - |
| 10 | Backblaze | 745.27 Mn | 693.89 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 15.68% |
| Dec 31, 2024 | 9.60% |
| Dec 31, 2023 | 12.13% |
| Dec 31, 2022 | 2.71% |
| Dec 31, 2021 | 10.01% |
| Dec 31, 2020 | 16.93% |
| Dec 31, 2019 | 16.67% |
| Dec 31, 2018 | 10.97% |
| Dec 31, 2017 | 7.27% |
| Dec 31, 2016 | 14.40% |
| Dec 31, 2015 | 16.14% |
| Dec 31, 2014 | 12.96% |
| Dec 31, 2013 | 16.76% |
| Dec 31, 2012 | 16.14% |
| Dec 31, 2011 | 14.83% |
| Dec 31, 2010 | 14.85% |
| Dec 31, 2009 | 14.02% |