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IBM Technology Information Technology Services
International Business Machines Corporation’s revenue for fiscal 2025 (year ended December 2025) was $67.5 billion, up 7.62% from fiscal 2024.
- Revenue
- +4.73%
- EPS
- +24.1%
- Free cash flow
- +31.3%
- Total debt
- +1.11%
Quarter to September 2026, against a year earlier
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International Business Machines Corporation (IBM) Net margin
International Business Machines Corporation's net margin over the twelve months to 30 September 2026 was 16.0%, up 0.3 percentage points from fiscal 2025 (15.7%). Over the past ten years it has ranged from 2.71% (fiscal 2022) to 16.3% (fiscal 2019); the current reading is higher than 82% of that period. That is above the Information Technology Services industry median of 0.79% and above the Technology sector median of 0.00%.
Net margin, annual
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Annual newest first
| Period | Net margin | Change (points) |
|---|---|---|
| FY2025 | 15.7% | 6.09 |
| FY2024 | 9.60% | (2.53) |
| FY2023 | 12.1% | 9.42 |
| FY2022 | 2.71% | (7.30) |
| FY2021 | 10.0% | (0.12) |
| FY2020 | 10.1% | (6.21) |
| FY2019 | 16.3% | 5.37 |
| FY2018 | 11.0% | 3.70 |
| FY2017 | 7.27% | (7.59) |
| FY2016 | 14.9% | (1.28) |
Quarterly newest first
| Period | Net margin | Change (points) |
|---|---|---|
| Sep 2026 | 12.8% | 0.18 |
| Jun 2026 | 12.6% | 4.98 |
| Mar 2026 | 7.64% | (20.81) |
| Dec 2025 | 28.5% | 17.77 |
| 43 more quarters | Free account |
Against its own ten years
Net margin against peers
| Company | Net margin |
|---|---|
| INFY American Noble Gas Inc. compare | 16.2% |
| IBM International Business Machines Corporation | 16.0% |
| BR Broadridge Financial Solutions, Inc. compare | 14.0% |
| WIT Wipro Limited compare | 13.6% |
| CTSH Cognizant Technology Solutions Corporation compare | 11.8% |
| ACN Accenture PLC compare | 11.3% |
| LDOS Leidos Holdings, Inc. compare | 7.97% |
| CDW CDW Corporation compare | 4.48% |
| FISV Fiserv, Inc. compare | −18.9% |
| Information Technology Services industry median | 0.79% |
| Technology sector median | 0.00% |
| Market median | 1.06% |
What Net margin is
Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.
Net Income Allotted to Shareholders ÷ Revenue
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