Company / Gross Margin
IBM Gross Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Gross Margin
58.2%
FY2025
5-year range
54.0% / 58.2%
FY2021-FY2025
Trend
+2.7%
vs FY2024
Sector context
#107 of 225
Information Technology
What the data says
At 58.2%, IBM's gross margin ranks #107 of 225 in the Information Technology sector. Gross Margin has increased for 3 consecutive years, from 54.0% in FY2022 to 58.2% in FY2025.
Based on SEC 10-K filings.
58.2% in FY2025 with a 5-year CAGR of +2.2%.
Improved from 55.5% to 58.2% over the past 2 years.
Information Technology sector context is included.
Gross Margin over time
Growth rates
- 3-Year Change
- +4.2pp
- 5-Year Change
- +2.2pp
- 10-Year Change
- -
Sector benchmark
#107 of 225 in Information TechnologyTop 48% of 225This company 58.2% Sector average 53.6%
▼
+8.5% above sector average
Key checks
Key Insights
- IBM's gross margin has grown for 3 consecutive years.
- In FY2025, gross margin increased 2.7% year-over-year.
- Currently 4.6pp above the Information Technology sector average.
- Lowest gross margin in the period was in FY2018.
Company context
Key Data Points
- Strong return on equity: 28.3%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Gross MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 58.2% | +2.7% |
| FY2024 | 56.6% | +2.2% |
| FY2023 | 55.5% | +2.7% |
| FY2022 | 54.0% | -1.6% |
| FY2021 | 54.9% | -1.9% |
| FY2020 | 55.9% | +2.4% |
| FY2019 | 54.6% | +17.7% |
| FY2018 | 46.4% | -0.6% |
| FY2017 | 46.7% | -3.1% |
| FY2016 | 48.2% | -3.2% |
As of FY2025 · SEC Form 10-K · Last checked Jun 30, 2026