International Business Machines (IBM) Return on Capital Employed (2009 - 2026)

International Business Machines' Return on Capital Employed history runs 18 years deep, the most recent figure standing at 9.96% for Q1 2026.

• In Q1 2026, Return on Capital Employed rose 186.0% year-over-year to 9.96%; the TTM figure through Mar 2026 stood at 9.96% (up 186.0% YoY), while the FY2025 annual figure was 10.26%, up 212.0% from the prior year.
• Return on Capital Employed was 9.96% for Q1 2026 at International Business Machines, up from 9.83% in the prior quarter.
• In the past five years, Return on Capital Employed ranged from a high of 19.11% in Q4 2022 to a low of 7.09% in Q2 2022.
• Historically, Return on Capital Employed has averaged 9.96% across 5 years, with a median of 8.27% in 2024.
• The sharpest annual moves came in 2022 and 2023: Return on Capital Employed surged 1001 bps in 2022, then sank 1043 bps in 2023.
• A 5-year view of Return on Capital Employed shows it stood at 19.11% in 2022, then sank by 55 bps to 8.68% in 2023, then slipped by 6 bps to 8.17% in 2024, then advanced by 20 bps to 9.83% in 2025, then advanced by 1 bps to 9.96% in 2026.
• The last three Return on Capital Employed figures came in at 9.96% (Q1 2026), 9.83% (Q4 2025), and 9.07% (Q3 2025), per Business Quant data.