International Business Machines Corp.
Profit Margins
| Period | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| Mar 2009 | 43.4% | 15.0% | 10.6% |
| Jun 2009 | 45.5% | 18.8% | 13.3% |
| Sep 2009 | 45.1% | 18.9% | 13.6% |
| Mar 2010 | 43.6% | 15.7% | 11.4% |
| Jun 2010 | 45.6% | 19.7% | 14.3% |
| Sep 2010 | 45.3% | 19.7% | 14.8% |
| Mar 2011 | 44.1% | 15.9% | 11.6% |
| Jun 2011 | 46.4% | 18.7% | 13.7% |
| Sep 2011 | 46.5% | 19.6% | 14.7% |
| Mar 2012 | 45.1% | 16.0% | 12.4% |
| Jun 2012 | 47.6% | 20.5% | 15.1% |
| Sep 2012 | 47.4% | 21.0% | 15.5% |
| Mar 2013 | 45.6% | 15.8% | 13.0% |
| Jun 2013 | 48.7% | 17.0% | 12.9% |
| Sep 2013 | 49.0% | 21.7% | 17.3% |
| Mar 2014 | 47.8% | 14.8% | 10.7% |
| Jun 2014 | 50.1% | 22.8% | 17.2% |
| Sep 2014 | 48.6% | 20.0% | 0.1% |
| Mar 2015 | 48.2% | 15.9% | 11.9% |
| Jun 2015 | 49.9% | 20.8% | 16.6% |
| Sep 2015 | 48.9% | 19.4% | 15.3% |
| Mar 2016 | 46.5% | 6.3% | 10.8% |
| Jun 2016 | 47.9% | 15.9% | 12.4% |
| Sep 2016 | 46.9% | 17.8% | 14.8% |
| Mar 2017 | 43.8% | 8.6% | 9.6% |
| Jun 2017 | 46.5% | 13.4% | 12.1% |
| Sep 2017 | 46.9% | 16.9% | 14.2% |
| Mar 2018 | 43.2% | 6.8% | 8.8% |
| Jun 2018 | 46.0% | 14.7% | 12.0% |
| Sep 2018 | 46.9% | 17.0% | 14.4% |
| Mar 2019 | 44.2% | 11.5% | 8.8% |
| Jun 2019 | 47.0% | 16.3% | 13.0% |
| Sep 2019 | 46.2% | 10.8% | 9.3% |
| Mar 2020 | 45.1% | 1.6% | 6.7% |
| Jun 2020 | 48.0% | 10.5% | 7.5% |
| Sep 2020 | 48.0% | 12.2% | 9.7% |
| Mar 2021 | 53.3% | 4.0% | 7.2% |
| Jun 2021 | 55.2% | 8.4% | 9.3% |
| Sep 2021 | 53.6% | 8.3% | 8.5% |
| Mar 2022 | 51.7% | 6.6% | 5.2% |
| Jun 2022 | 53.4% | 13.0% | 9.0% |
| Sep 2022 | 52.7% | -29.8% | -22.7% |
| Mar 2023 | 52.7% | 10.0% | 6.5% |
| Jun 2023 | 54.9% | 15.7% | 10.2% |
| Sep 2023 | 54.4% | 15.5% | 11.6% |
| Mar 2024 | 53.5% | 10.4% | 11.1% |
| Jun 2024 | 56.8% | 16.8% | 11.6% |
| Sep 2024 | 56.3% | -2.5% | -2.2% |
| Mar 2025 | 55.2% | 11.1% | 7.3% |
| Jun 2025 | 58.8% | 18.3% | 12.9% |
| Sep 2025 | 57.3% | 17.9% | 10.7% |
| Mar 2026 | 56.2% | 11.7% | 7.6% |
| Jun 2026 | 57.7% | 17.3% | 12.6% |