International Business Machines Corporation IBM
225.51
(1.55)
(0.68%)
as of 25 Sep
- Market cap
- $214.4B
- P/E
- 19.7×
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International Business Machines Corporation (IBM) Gross margin
International Business Machines Corporation's gross margin over the twelve months to 30 June 2026 was 58.1%, down 0.1 percentage points from fiscal 2025 (58.2%). Over the past ten years it has ranged from 46.4% (fiscal 2018) to 58.2% (fiscal 2025) — the current reading is the highest in ten years. That is above the Information Technology Services industry median of 31.1% and above the Technology sector median of 47.2%.
Gross margin, annual
Annual
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 58.2% | 1.54 |
| FY2024 | 56.7% | 1.20 |
| FY2023 | 55.5% | 1.45 |
| FY2022 | 54.0% | (0.90) |
| FY2021 | 54.9% | (1.04) |
| FY2020 | 55.9% | 1.30 |
| FY2019 | 54.6% | 8.23 |
| FY2018 | 46.4% | (0.27) |
| FY2017 | 46.7% | (1.52) |
| FY2016 | 48.2% | (1.57) |
Quarterly
| Period | Gross margin | Change (points) |
|---|---|---|
| Jun 2026 | 57.7% | 1.50 |
| Mar 2026 | 56.2% | (4.36) |
| Dec 2025 | 60.6% | 3.27 |
| Sep 2025 | 57.3% | (1.45) |
| 42 more quarters | Free account |
Against its own ten years
Low 46.4%
High 58.2%
Ten-year median
54.6%
Current reading's percentile
100
Gross margin against peers
| Company | Gross margin |
|---|---|
| IBM International Business Machines Corporation | 58.1% |
| FISV Fiserv, Inc. compare | 55.4% |
| FIS Fidelity National Information Services, Inc. compare | 36.0% |
| CTSH Cognizant Technology Solutions Corporation compare | 33.4% |
| ACN Accenture PLC compare | 32.0% |
| BR Broadridge Financial Solutions, Inc. compare | 31.8% |
| INFY American Noble Gas Inc. compare | 30.3% |
| WIT Wipro Limited compare | 29.0% |
| CDW CDW Corporation compare | 21.4% |
| Information Technology Services industry median | 31.1% |
| Technology sector median | 47.2% |
| Market median | 46.3% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on IBM
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement