TTM
16.4%
YoY change
−0.77pp
Trough year (1993)
0.5%
Peak year (1985)
22.4%
Latest annual
15.3%
Operating Margin history chart for IBM (IBM) from 1985 to 2025
Latest: 15.3%
Operating Margin change chart for IBM (IBM) from 1985 to 2025
Latest: −0.77pp
Operating Margin history table for IBM (IBM) from 1985 to 2025
| 2025 | 15.3% | -0.77pp | ||
| 2024 | 16.1% | +0.18pp | ||
| 2023 | 15.9% | +2.37pp | ||
| 2022 | 13.5% | +1.53pp | ||
| 2021 | 12.0% | +3.52pp | ||
| 2020 | 8.4% | -4.61pp | ||
| 2019 | 13.1% | -3.55pp | ||
| 2018 | 16.6% | +0.00pp | ||
| 2017 | 16.6% | -1.76pp | ||
| 2016 | 18.4% | -1.83pp | ||
| 2015 | 20.2% | -1.72pp | ||
| 2014 | 21.9% | +0.06pp | ||
| 2013 | 21.9% | -0.49pp | ||
| 2012 | 22.3% | +1.84pp | ||
| 2011 | 20.5% | +0.49pp | ||
| 2010 | 20.0% | +2.25pp | ||
| 2009 | 17.8% | +2.38pp | ||
| 2008 | 15.4% | +1.70pp | ||
| 2007 | 13.7% | +0.63pp | ||
| 2006 | 13.0% | +2.76pp | ||
| 2005 | 10.3% | +0.30pp | ||
| 2004 | 10.0% | +0.30pp | ||
| 2003 | 9.7% | +1.31pp | ||
| 2002 | 8.4% | -3.49pp | ||
| 2001 | 11.9% | -1.30pp | ||
| 2000 | 13.2% | -0.46pp | ||
| 1999 | 13.6% | +2.40pp | ||
| 1998 | 11.2% | -0.37pp | ||
| 1997 | 11.6% | +3.32pp | ||
| 1996 | 8.3% | -2.28pp | ||
| 1995 | 10.6% | +2.57pp | ||
| 1994 | 8.0% | +7.50pp | ||
| 1993 | 0.5% | -4.79pp | ||
| 1992 | 5.3% | +3.82pp | ||
| 1991 | 1.5% | -14.53pp | ||
| 1990 | 16.0% | +4.99pp | ||
| 1989 | 11.0% | -3.66pp | ||
| 1988 | 14.7% | +0.37pp | ||
| 1987 | 14.3% | -1.05pp | ||
| 1986 | 15.3% | -7.10pp | ||
| 1985 | 22.4% | — |
- 202515.3%-0.77pp
- 202416.1%+0.18pp
- 202315.9%+2.37pp
- 202213.5%+1.53pp
- 202112.0%+3.52pp
- 20208.4%-4.61pp
- 201913.1%-3.55pp
- 201816.6%+0.00pp
- 201716.6%-1.76pp
- 201618.4%-1.83pp
- 201520.2%-1.72pp
- 201421.9%+0.06pp
- 201321.9%-0.49pp
- 201222.3%+1.84pp
- 201120.5%+0.49pp
- 201020.0%+2.25pp
- 200917.8%+2.38pp
- 200815.4%+1.70pp
- 200713.7%+0.63pp
- 200613.0%+2.76pp
- 200510.3%+0.30pp
- 200410.0%+0.30pp
- 20039.7%+1.31pp
- 20028.4%-3.49pp
- 200111.9%-1.30pp
- 200013.2%-0.46pp
- 199913.6%+2.40pp
- 199811.2%-0.37pp
- 199711.6%+3.32pp
- 19968.3%-2.28pp
- 199510.6%+2.57pp
- 19948.0%+7.50pp
- 19930.5%-4.79pp
- 19925.3%+3.82pp
- 19911.5%-14.53pp
- 199016.0%+4.99pp
- 198911.0%-3.66pp
- 198814.7%+0.37pp
- 198714.3%-1.05pp
- 198615.3%-7.10pp
- 198522.4%—
Operating 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 Operating Margin at IBM (IBM)
According to IBM's latest reported financial statements, the company's latest reported operating margin is 16.4%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
2025's annual operating margin for IBM (IBM) came in at 15.29% – contracted 0.8 percentage points year-over-year.
The highest annual operating margin of 22.43% was reported in 1985. The lowest in the available history was 0.49% in 1993.
IBM Operating Margin by Year
IBM Operating Margin 2025: 15.3%
2025's operating margin for IBM came in at 15.29%, contracted 0.8 percentage points from 2024.
IBM Operating Margin 2024: 16.1%
IBM posted operating margin of 16.05% in 2024, expanded 0.2 percentage points from 2023.
IBM Operating Margin 2023: 15.9%
In 2023, IBM reported operating margin of 15.88%, expanded 2.4 percentage points from 2022.
IBM Operating Margin 2022: 13.5%
IBM operating margin in 2022 was 13.50%, expanded 1.5 percentage points from 2021.
IBM Operating Margin 2021: 12.0%
IBM operating margin in 2021 was 11.97%.
See more financial history for IBM (IBM).
Sector peers by Operating Margin
Technology peers of IBM (IBM), ranked by their latest operating margin
| 64.0% | |
| 53.2% | |
| 48.5% | |
| 46.8% | |
| 43.7% | |
| 34.8% | |
| 32.6% | |
| 11.7% |
- 64.0%
- 53.2%
- 46.8%
- 43.7%
- 34.8%
- 32.6%
- 11.7%
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