International Business Machines Corp.
Profit Margins
| Fiscal Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| FY2015 | 49.8% | 20.1% | 16.1% |
| FY2016 | 48.2% | 16.2% | 14.9% |
| FY2017 | 46.7% | 15.2% | 7.3% |
| FY2018 | 46.4% | 15.2% | 11.0% |
| FY2019 | 54.6% | 14.8% | 16.3% |
Profit Margins
| Fiscal Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| FY2015 | 49.8% | 20.1% | 16.1% |
| FY2016 | 48.2% | 16.2% | 14.9% |
| FY2017 | 46.7% | 15.2% | 7.3% |
| FY2018 | 46.4% | 15.2% | 11.0% |
| FY2019 | 54.6% | 14.8% | 16.3% |