International Business Machines Corp (IBM) stock
IBMNYSEComputer & office EquipmentFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 22, 2026Score 17/305% below fair value
$244.67−3.55 (-1.43%)
Close on Nov 12, 2026Market cap $231.24BP/E 20.9Yield 2.74%
International Business Machines profit margin
Profit margin (net margin) is net income as a percentage of revenue.
International Business Machines's profit margin for the twelve months ending Sep 30, 2026 was 16.0%. For fiscal 2025 it was 15.7%, against 9.6% the year before. The highest annual figure on record is 16.3% in fiscal 2019.
Annual profit margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 15.7% | +6.1 |
| FY2024 | Dec 31, 2024 | 9.6% | −2.5 |
| FY2023 | Dec 31, 2023 | 12.1% | +9.4 |
| FY2022 | Dec 31, 2022 | 2.7% | −7.3 |
| FY2021 | Dec 31, 2021 | 10.0% | −0.1 |
| FY2020 | Dec 31, 2020 | 10.1% | −6.2 |
| FY2019 | Dec 31, 2019 | 16.3% | +5.4 |
| FY2018 | Dec 31, 2018 | 11.0% | +3.7 |
| FY2017 | Dec 31, 2017 | 7.3% | −7.6 |
| FY2016 | Dec 31, 2016 | 14.9% | −1.3 |
| FY2015 | Dec 31, 2015 | 16.1% | – |
Quarterly profit margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 12.8% | +2.1 |
| Q2 FY2026 | Jun 30, 2026 | 12.6% | −0.3 |
| Q1 FY2026 | Mar 31, 2026 | 7.6% | +0.4 |
| Q4 FY2025 | Dec 31, 2025 | 28.4% | +11.8 |
| Q3 FY2025 | Sep 30, 2025 | 10.7% | +12.9 |
| Q2 FY2025 | Jun 30, 2025 | 12.9% | +1.3 |
| Q1 FY2025 | Mar 31, 2025 | 7.3% | −3.8 |
| Q4 FY2024 | Dec 31, 2024 | 16.6% | −2.3 |
| Q3 FY2024 | Sep 30, 2024 | -2.2% | −13.8 |
| Q2 FY2024 | Jun 30, 2024 | 11.6% | +1.4 |
| Q1 FY2024 | Mar 31, 2024 | 11.1% | +4.6 |
| Q4 FY2023 | Dec 31, 2023 | 18.9% | +2.7 |
| Q3 FY2023 | Sep 30, 2023 | 11.6% | +34.2 |
| Q2 FY2023 | Jun 30, 2023 | 10.2% | +1.3 |
| Q1 FY2023 | Mar 31, 2023 | 6.5% | +1.3 |
| Q4 FY2022 | Dec 31, 2022 | 16.2% | +2.3 |
| Q3 FY2022 | Sep 30, 2022 | -22.7% | −31.2 |
| Q2 FY2022 | Jun 30, 2022 | 9.0% | −0.4 |
| Q1 FY2022 | Mar 31, 2022 | 5.2% | −2.1 |
| Q4 FY2021 | Dec 31, 2021 | 14.0% | −56.4 |
| Q3 FY2021 | Sep 30, 2021 | 8.5% | −1.1 |
| Q2 FY2021 | Jun 30, 2021 | 9.3% | +1.8 |
| Q1 FY2021 | Mar 31, 2021 | 7.2% | +0.6 |
| Q4 FY2020 | Dec 31, 2020 | 70.4% | −86.2 |
| Q3 FY2020 | Sep 30, 2020 | 9.7% | +0.4 |
| Q2 FY2020 | Jun 30, 2020 | 7.5% | −5.5 |
| Q1 FY2020 | Mar 31, 2020 | 6.7% | −2.1 |
| Q4 FY2019 | Dec 31, 2019 | 156.6% | +147.6 |
| Q3 FY2019 | Sep 30, 2019 | 9.3% | −5.1 |
| Q2 FY2019 | Jun 30, 2019 | 13.0% | +1.0 |
| Q1 FY2019 | Mar 31, 2019 | 8.8% | −0.1 |
| Q4 FY2018 | Dec 31, 2018 | 9.0% | +13.6 |
| Q3 FY2018 | Sep 30, 2018 | 14.4% | +0.1 |
| Q2 FY2018 | Jun 30, 2018 | 12.0% | −0.1 |
| Q1 FY2018 | Mar 31, 2018 | 8.8% | −0.8 |
| Q4 FY2017 | Dec 31, 2017 | -4.7% | −25.4 |
| Q3 FY2017 | Sep 30, 2017 | 14.2% | – |
| Q2 FY2017 | Jun 30, 2017 | 12.1% | – |
| Q1 FY2017 | Mar 31, 2017 | 9.6% | – |
| Q4 FY2016 | Dec 31, 2016 | 20.7% | – |
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