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International Business Machines (IBM) Operating Margin (2016 - 2025)

International Business Machines (IBM) has 17 years of Operating Margin data on record, last reported at 21.74% in Q4 2025.

  • For Q4 2025, Operating Margin rose 118.0% year-over-year to 21.74%; the TTM value through Dec 2025 reached 16.08%, up 272.0%, while the annual FY2025 figure was 16.08%, 272.0% up from the prior year.
  • Operating Margin reached 21.74% in Q4 2025 per IBM's latest filing, up from 15.5% in the prior quarter.
  • Across five years, Operating Margin topped out at 24.8% in Q4 2021 and bottomed at 5.48% in Q1 2021.
  • Average Operating Margin over 5 years is 13.14%, with a median of 11.86% recorded in 2022.
  • Peak YoY movement for Operating Margin: skyrocketed 4760bps in 2021, then crashed -526bps in 2022.
  • A 5-year view of Operating Margin shows it stood at 24.8% in 2021, then dropped by -21bps to 19.54% in 2022, then rose by 10bps to 21.45% in 2023, then decreased by -4bps to 20.55% in 2024, then rose by 6bps to 21.74% in 2025.
  • Per Business Quant database, its latest 3 readings for Operating Margin were 21.74% in Q4 2025, 15.5% in Q3 2025, and 16.8% in Q2 2025.