International Business Machines Corp.
Profit Margins
| Fiscal Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| FY2008 | 44.1% | 16.8% | 11.9% |
| FY2009 | 45.7% | 19.4% | 14.0% |
| FY2010 | 46.1% | 20.1% | 14.9% |
| FY2011 | 46.9% | 20.0% | 14.8% |
| FY2012 | 48.9% | 22.4% | 16.1% |
| FY2013 | 49.2% | 20.9% | 16.7% |
| FY2014 | 50.0% | 22.1% | 13.0% |
| FY2015 | 49.8% | 20.1% | 16.1% |
| FY2016 | 48.2% | 16.2% | 14.9% |
| FY2017 | 46.7% | 15.2% | 7.3% |