International Business Machines (IBM) Return on Capital Employed (2009 - 2026)
International Business Machines (IBM) posted quarterly Return on Capital Employed of 9.4% for Q2 2026, up 91.0% year-over-year from 4.92% in Q2 2025, and down 5.66% quarter-over-quarter from 9.96% in Q1 2026.
International Business Machines (IBM) Return on Capital Employed (2009 - 2026) Analysis & Trends
International Business Machines' Return on Capital Employed history runs 18 years deep, the most recent figure standing at 9.4% for Q2 2026.
- In Q2 2026, Return on Capital Employed rose 91.0% year-over-year to 9.4%; the TTM figure through Jun 2026 stood at 9.4% (up 91.0% YoY), while the FY2025 annual figure was 10.26%, up 212.0% from the prior year.
- Return on Capital Employed for Q2 2026 stood at 9.4%, down from 9.96% in the prior quarter.
- The five-year high for Return on Capital Employed was 9.96% in Q1 2026, with the low at 7.09% in Q2 2022.
- The 5-year median for Return on Capital Employed is 8.22% (2024), against an average of 8.48%.
- The sharpest annual moves came in 2022 and 2023: Return on Capital Employed jumped 492 bps in 2022, then sank 65 bps in 2023.
- International Business Machines' Return on Capital Employed stood at 9.33% in 2022, then fell by 7 bps to 8.68% in 2023, then decreased by 6 bps to 8.17% in 2024, then gained by 20 bps to 9.83% in 2025, then dropped by 4 bps to 9.4% in 2026.
- Business Quant data shows IBM's Return on Capital Employed at 9.4% in Q2 2026, 9.96% in Q1 2026, and 9.83% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | International Business Machines | 219.38 Bn | 208.02 Bn | 9.91 Bn | 9.40% |
| 2 | Accenture | 111.06 Bn | 100.89 Bn | 6.13 Bn | 22.86% |
| 3 | Infosys | 47.96 Bn | 47.96 Bn | 1.60 Bn | - |
| 4 | Cgi | 32.80 Bn | 32.34 Bn | - | 5,455.94% |
| 5 | Cognizant Technology Solutions | 28.32 Bn | 27.27 Bn | 1.83 Bn | 19.98% |
| 6 | Fidelity National Information Services | 20.92 Bn | 20.17 Bn | 1.17 Bn | 5.65% |
| 7 | Broadridge Financial Solutions | 20.67 Bn | 20.27 Bn | 853.00 Mn | 17.46% |
| 8 | Wipro | 19.82 Bn | 18.75 Bn | 738.00 Mn | 16.30% |
| 9 | Leidos Holdings | 17.78 Bn | 17.03 Bn | 817.00 Mn | 16.52% |
| 10 | Cdw | 16.95 Bn | 16.59 Bn | 1.32 Bn | 19.62% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 9.40% |
| Mar 31, 2026 | 9.96% |
| Dec 31, 2025 | 9.83% |
| Sep 30, 2025 | 9.07% |
| Jun 30, 2025 | 8.49% |
| Mar 31, 2025 | 8.10% |
| Dec 31, 2024 | 8.17% |
| Sep 30, 2024 | 8.08% |
| Jun 30, 2024 | 8.27% |
| Mar 31, 2024 | 8.18% |
| Dec 31, 2023 | 8.68% |
| Sep 30, 2023 | 8.04% |
| Jun 30, 2023 | 7.57% |
| Mar 31, 2023 | 8.78% |
| Dec 31, 2022 | 9.33% |
| Sep 30, 2022 | 7.51% |
| Jun 30, 2022 | 7.09% |
| Mar 31, 2022 | 8.03% |
| Dec 31, 2021 | 7.11% |
| Sep 30, 2021 | 2.59% |