International Business Machines (IBM) Return on Equity [ROE] (2009 - 2026)
International Business Machines (IBM) recorded Return on Equity [ROE] of 31.58% in Q3 2026, up 3.13 percentage points from 28.45% a year earlier but down 0.15 percentage points from the prior quarter.
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Analysis
International Business Machines (IBM) Return on Equity [ROE] (2009 - 2026) Analysis & Trends
For FY2025, International Business Machines reported Return on Equity [ROE] of 35.23%, up 11.14 percentage points from FY2024.
- Annual Return on Equity [ROE] has a five-year change of +8.43 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Equity [ROE] came in at 24.09% in FY2024 (-9.53 pp), 33.62% in FY2023 (+25.62 pp), 8.00% in FY2022 (-20.91 pp) and 28.91% in FY2021 (+2.11 pp).
- Quarterly Return on Equity [ROE] has ranged from 6.36% in Q3 2022 to 35.61% in Q1 2024 over the past five years.
- On a year-over-year basis, Return on Equity [ROE] has increased for five consecutive quarters, with an average year-over-year change of +0.08 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Equity [ROE] in the last five years was a gain of 27.21 percentage points in Q1 2024, against a drop of 20.58 percentage points in Q1 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 31.73% (Q2 2026), 32.69% (Q1 2026) and 34.89% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,944.62 Bn | 3,880.11 Bn | 62.56 Bn | 31.25% |
| 2 | International Business Machines | 231.10 Bn | 185.71 Bn | 9.71 Bn | 31.58% |
| 3 | Equinix | 100.11 Bn | 88.01 Bn | 1.31 Bn | 11.38% |
| 4 | Cloudflare | 96.02 Bn | 78.46 Bn | 557.23 Mn | -15.50% |
| 5 | Nebius | 31.44 Bn | 4.87 Bn | 448.70 Mn | 0.70% |
| 6 | Verisign | 27.82 Bn | 25.17 Bn | 393.20 Mn | - |
| 7 | CoreWeave | 25.57 Bn | 12.66 Bn | 1.70 Bn | -39.41% |
| 8 | Nutanix | 15.68 Bn | 7.37 Bn | 651.35 Mn | - |
| 9 | GoDaddy | 14.30 Bn | 9.69 Bn | 843.00 Mn | - |
| 10 | Akamai Technologies | 12.01 Bn | 5.41 Bn | 613.75 Mn | 8.51% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 31.58% |
| Jun 30, 2026 | 31.73% |
| Mar 31, 2026 | 32.69% |
| Dec 31, 2025 | 34.89% |
| Sep 30, 2025 | 28.45% |
| Jun 30, 2025 | 21.39% |
| Mar 31, 2025 | 20.14% |
| Dec 31, 2024 | 23.20% |
| Sep 30, 2024 | 26.31% |
| Jun 30, 2024 | 35.55% |
| Mar 31, 2024 | 35.61% |
| Dec 31, 2023 | 32.78% |
| Sep 30, 2023 | 30.49% |
| Jun 30, 2023 | 9.22% |
| Mar 31, 2023 | 8.39% |
| Dec 31, 2022 | 7.78% |
| Sep 30, 2022 | 6.36% |
| Jun 30, 2022 | 28.96% |
| Mar 31, 2022 | 28.97% |
| Dec 31, 2021 | 27.77% |
API Access
International Business Machines Return on Equity [ROE] 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=return-on-equity-%5Broe%5D&ticker=IBM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-equity-[roe]", "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=return-on-equity-%5Broe%5D&ticker=IBM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();