TTM
59.0%
YoY change
+2.85pp
Trough year (1999)
36.5%
Peak year (1985)
63.6%
Latest annual
59.5%
Gross Margin history chart for IBM (IBM) from 1985 to 2025
Latest: 59.5%
Gross Margin change chart for IBM (IBM) from 1985 to 2025
Latest: +2.85pp
Gross Margin history table for IBM (IBM) from 1985 to 2025
| 2025 | 59.5% | +2.85pp | ||
| 2024 | 56.7% | +1.20pp | ||
| 2023 | 55.4% | +1.45pp | ||
| 2022 | 54.0% | -0.90pp | ||
| 2021 | 54.9% | -1.04pp | ||
| 2020 | 55.9% | +1.30pp | ||
| 2019 | 54.6% | +8.23pp | ||
| 2018 | 46.4% | -0.27pp | ||
| 2017 | 46.7% | -1.51pp | ||
| 2016 | 48.2% | -1.58pp | ||
| 2015 | 49.8% | -0.24pp | ||
| 2014 | 50.0% | +0.52pp | ||
| 2013 | 49.5% | +0.54pp | ||
| 2012 | 49.0% | +2.06pp | ||
| 2011 | 46.9% | +0.82pp | ||
| 2010 | 46.1% | +0.35pp | ||
| 2009 | 45.7% | +1.66pp | ||
| 2008 | 44.1% | +1.82pp | ||
| 2007 | 42.2% | +0.35pp | ||
| 2006 | 41.9% | +1.80pp | ||
| 2005 | 40.1% | +3.15pp | ||
| 2004 | 36.9% | +0.42pp | ||
| 2003 | 36.5% | -0.79pp | ||
| 2002 | 37.3% | -1.09pp | ||
| 2001 | 38.4% | +1.71pp | ||
| 2000 | 36.7% | +0.21pp | ||
| 1999 | 36.5% | -1.33pp | ||
| 1998 | 37.8% | -1.19pp | ||
| 1997 | 39.0% | +0.83pp | ||
| 1996 | 38.2% | -4.06pp | ||
| 1995 | 42.2% | +1.87pp | ||
| 1994 | 40.3% | +1.84pp | ||
| 1993 | 38.5% | -7.15pp | ||
| 1992 | 45.6% | -12.18pp | ||
| 1991 | 57.8% | -3.77pp | ||
| 1990 | 61.6% | -0.99pp | ||
| 1989 | 62.6% | -0.92pp | ||
| 1988 | 63.5% | +2.40pp | ||
| 1987 | 61.1% | -1.05pp | ||
| 1986 | 62.2% | -1.46pp | ||
| 1985 | 63.6% | — |
- 202559.5%+2.85pp
- 202456.7%+1.20pp
- 202355.4%+1.45pp
- 202254.0%-0.90pp
- 202154.9%-1.04pp
- 202055.9%+1.30pp
- 201954.6%+8.23pp
- 201846.4%-0.27pp
- 201746.7%-1.51pp
- 201648.2%-1.58pp
- 201549.8%-0.24pp
- 201450.0%+0.52pp
- 201349.5%+0.54pp
- 201249.0%+2.06pp
- 201146.9%+0.82pp
- 201046.1%+0.35pp
- 200945.7%+1.66pp
- 200844.1%+1.82pp
- 200742.2%+0.35pp
- 200641.9%+1.80pp
- 200540.1%+3.15pp
- 200436.9%+0.42pp
- 200336.5%-0.79pp
- 200237.3%-1.09pp
- 200138.4%+1.71pp
- 200036.7%+0.21pp
- 199936.5%-1.33pp
- 199837.8%-1.19pp
- 199739.0%+0.83pp
- 199638.2%-4.06pp
- 199542.2%+1.87pp
- 199440.3%+1.84pp
- 199338.5%-7.15pp
- 199245.6%-12.18pp
- 199157.8%-3.77pp
- 199061.6%-0.99pp
- 198962.6%-0.92pp
- 198863.5%+2.40pp
- 198761.1%-1.05pp
- 198662.2%-1.46pp
- 198563.6%—
Gross Margin values are taken from IBM's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Gross Margin at IBM (IBM)
According to IBM's latest reported financial statements, the company's latest reported gross margin is 59.0%. Gross margin is gross profit divided by revenue, expressed as a percentage. It shows how much of each sales dollar survives the direct cost of goods sold — before operating expenses, interest, and taxes. A higher gross margin generally signals pricing power and production efficiency. Margins are most meaningful compared against sector peers and a company's own history.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
IBM (IBM) most recent annual gross margin stands at 59.50% (2025) – expanded 2.9 percentage points year-over-year.
63.62% stands as the all-time-high annual gross margin, posted in 1985, against a low of 36.47% during 1999.
IBM Gross Margin by Year
IBM Gross Margin 2025: 59.5%
IBM gross margin in 2025 was 59.50%, expanded 2.9 percentage points from 2024.
IBM Gross Margin 2024: 56.7%
2024's gross margin for IBM came in at 56.65%, expanded 1.2 percentage points from 2023.
IBM Gross Margin 2023: 55.4%
IBM posted gross margin of 55.45% in 2023, expanded 1.4 percentage points from 2022.
IBM Gross Margin 2022: 54.0%
In 2022, IBM reported gross margin of 54.00%, contracted 0.9 percentage points from 2021.
IBM Gross Margin 2021: 54.9%
IBM gross margin in 2021 was 54.90%.
See more financial history for IBM (IBM).
Sector peers by Gross Margin
Technology peers of IBM (IBM), ranked by their latest gross margin
| 74.1% | |
| 68.3% | |
| 67.0% | |
| 61.8% | |
| 58.4% | |
| 52.6% | |
| 50.3% | |
| 47.9% |
- 74.1%
- 68.3%
- 67.0%
- 61.8%
- 52.6%
- 50.3%
- 47.9%
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