What is the current annual operating margin of IBM?

As of today, IBM annual operating margin is 15.29%

What is 1-year change in IBM annual operating margin?

IBM annual operating margin is down -10.27% year-over-year

What is 3-year change in IBM annual operating margin?

IBM annual operating margin is up +19.17% over the past 3 years

How far is IBM annual operating margin from its all-time high?

IBM annual operating margin is currently -37.46% below its historical high of 24.45% set on December 1, 1984

How does IBM annual operating margin rank versus sector peers?

IBM annual operating margin is higher than 80.17% of companies in Technology sector

When is IBM next annual earnings release?

The next annual earnings release for IBM is on January 27, 2027

What is the current quarterly operating margin of IBM?

As of today, IBM quarterly operating margin is 15.07%

What is IBM quarterly operating margin most recent change?

IBM quarterly operating margin was down -21.18% on September 30, 2026

What is 1-year change in IBM quarterly operating margin?

IBM quarterly operating margin is down -24.73% year-over-year

How far is IBM quarterly operating margin from its all-time high?

IBM quarterly operating margin is currently -42.72% below its historical high of 26.31% set on December 31, 2025

How does IBM quarterly operating margin rank versus sector peers?

IBM quarterly operating margin is higher than 74.52% of companies in Technology sector

When is IBM next earnings release?

The next earnings release for IBM is on January 27, 2027

IBM Operating Margin History & Chart Since 1980

Annual Operating Margin

15.29%1.75%-10.27%

December 31, 2025

Summary

Current Value: As of today, IBM annual operating margin is 15.29%, down -10.27% on December 31, 2025
Historical Performance: IBM annual operating margin is up +19.17% over the past 3 years, up +26.78% over the past 5 years
All-Time High Comparison: IBM annual operating margin is currently -37.46% below its historical high of 24.45% set on December 1, 1984
3-Year Low Comparison: IBM annual operating margin is +19.17% above its 3-year low of 12.83% reached on an earlier date
Sector Comparison: IBM annual operating margin is higher than 80.17% of companies in Technology sector

Operating Margin Chart

beforeafter

Performance

IBM Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Operating Margin	Dec 31, 25	15.29%	-10.3%	+19.2%	+26.8%	-18.1%
Quarterly Operating Margin	Sep 30, 26	15.07%	-24.7%	-8.2%	+46.6%	-23.1%
Price	Oct 22, 26	$252.11	-11.5%	+84.9%	+106.2%	+45.2%
PE Ratio	Oct 22, 26	21.50	-36.9%	+18.8%	-7.1%	+57.0%
Annual Revenue	Dec 31, 25	$67.54B	+7.6%	+11.6%	+22.4%	-32.4%
Annual Operating Profit	Dec 31, 25	$10.33B	-3.5%	+33.0%	+55.1%	-44.7%
Annual Gross Margin	Dec 31, 25	59.50%	+6.3%	+15.1%	+8.8%	+31.0%
Annual Net Margin	Dec 31, 25	15.65%	+62.9%	+425.2%	+118.9%	+5.3%

Operating Margin Highs

IBM Annual Operating Margin Highs Comparison
Period	High	Date	Current
3Y	17.04%	Dec 31, 24	-10.3%
5Y	17.04%	Dec 31, 24	-10.3%
All	24.45%	Dec 1, 84	-37.5%

Operating Margin Lows

IBM Annual Operating Margin Lows Comparison
Period	Low	Date	Current
3Y	12.83%	N/A	+19.2%
5Y	12.06%	N/A	+26.8%
All	0.49%	Dec 31, 93	+3020.4%

Operating Margin History

Year	Value	Change
2025	15.29%	-10.3%
2024	17.04%	+0.4%
2023	16.98%	+32.3%
2022	12.83%	+4.7%
2021	12.25%	+1.6%
2020	12.06%	-12.4%
2019	13.76%	-14.4%
2018	16.08%	+8.9%
2017	14.76%	-4.3%
2016	15.42%	-16.9%
2015	18.56%	-9.9%
2014	20.59%	+0.3%
2013	20.53%	+2.2%
2012	20.08%	+3.3%
2011	19.44%	+4.1%
2010	18.68%	+4.2%
2009	17.93%	+11.4%
2008	16.09%	+14.9%
2007	14.00%	+4.8%
2006	13.36%	+9.2%
2005	12.23%	+17.6%
2004	10.40%	-11.9%
2003	11.80%	+7.1%

Year	Value	Change
2002	11.02%	+1.8%
2001	10.83%	-17.7%
2000	13.16%	+19.1%
1999	11.05%	-1.5%
1998	11.22%	-3.2%
1997	11.59%	-2.5%
1996	11.89%	-13.8%
1995	13.79%	+76.6%
1994	7.81%	+1,493.9%
1993	0.49%	-90.7%
1992	5.28%	+264.1%
1991	1.45%	-90.9%
1990	15.98%	+29.3%
1989	12.36%	-15.6%
1988	14.65%	+2.6%
1987	14.28%	-6.8%
1986	15.33%	-31.7%
1985	22.43%	-8.3%
1984	24.45%	+2.4%
1983	23.87%	+1.8%
1982	23.44%	+13.1%
1981	20.73%	-5.3%
1980	21.90%	-

FAQ

What is the current annual operating margin of IBM?: As of today, IBM annual operating margin is 15.29%
What is 1-year change in IBM annual operating margin?: IBM annual operating margin is down -10.27% year-over-year
What is 3-year change in IBM annual operating margin?: IBM annual operating margin is up +19.17% over the past 3 years
How far is IBM annual operating margin from its all-time high?: IBM annual operating margin is currently -37.46% below its historical high of 24.45% set on December 1, 1984
How does IBM annual operating margin rank versus sector peers?: IBM annual operating margin is higher than 80.17% of companies in Technology sector
When is IBM next annual earnings release?: The next annual earnings release for IBM is on January 27, 2027

Operating Margin Formula

Operating Profit Margin = Operating Income

Revenue × 100%

Quarterly Operating Margin

15.07%4.05%-21.18%

September 30, 2026

Summary

Current Value: As of today, IBM quarterly operating margin is 15.07%, down -21.18% on September 30, 2026
Historical Performance: IBM quarterly operating margin is down -24.73% year-over-year, down -8.17% over the past 3 years
All-Time High Comparison: IBM quarterly operating margin is currently -42.72% below its historical high of 26.31% set on December 31, 2025
3-Year Low Comparison: IBM quarterly operating margin is +27.50% above its 3-year low of 11.82% reached on March 31, 2024
Sector Comparison: IBM quarterly operating margin is higher than 74.52% of companies in Technology sector

Performance

IBM Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Operating Margin	Sep 30, 26	15.07%	-21.2%	-24.7%	-8.2%	+46.6%
Annual Operating Margin	Dec 31, 25	15.29%	–	-10.3%	+19.2%	+26.8%
Price	Oct 22, 26	$252.11	+22.0%	-11.5%	+84.9%	+106.2%
PE Ratio	Oct 22, 26	21.50	+17.2%	-36.9%	+18.8%	-7.1%
Quarterly Revenue	Sep 30, 26	$17.10B	-0.3%	+4.7%	+15.9%	+29.1%
Quarterly Operating Profit	Sep 30, 26	$2.58B	-21.5%	-21.2%	+6.4%	+89.2%
Quarterly Gross Margin	Sep 30, 26	58.49%	+2.1%	+3.0%	+8.6%	+10.8%
Quarterly Net Margin	Sep 30, 26	12.86%	+1.9%	+20.4%	+10.4%	+63.4%

Quarterly Operating Margin Highs

IBM Quarterly Operating Margin Highs Comparison
Period	High	Date	Current
1Y	26.31%	Dec 31, 25	-42.7%
3Y	26.31%	Dec 31, 25	-42.7%
5Y	26.31%	Dec 31, 25	-42.7%
All	26.31%	Dec 31, 25	-42.7%

Quarterly Operating Margin Lows

IBM Quarterly Operating Margin Lows Comparison
Period	Low	Date	Current
1Y	15.07%	Sep 30, 26	at low
3Y	11.82%	Mar 31, 24	+27.5%
5Y	9.14%	Mar 31, 22	+64.9%
All	-172.78%	Dec 31, 89	+108.7%

Quarterly Operating Margin History

Month	Value	Change
Sep 2026	15.07%	-21.2%
Jun 2026	19.12%	+11.9%
Mar 2026	17.08%	-35.1%
Dec 2025	26.31%	+31.4%
Sep 2025	20.02%	+1.0%
Jun 2025	19.82%	+34.1%
Mar 2025	14.78%	-35.1%
Dec 2024	22.79%	+45.0%
Sep 2024	15.72%	-5.9%
Jun 2024	16.71%	+41.4%
Mar 2024	11.82%	-50.5%
Dec 2023	23.86%	+45.4%
Sep 2023	16.41%	+27.9%
Jun 2023	12.83%	+36.1%
Mar 2023	9.43%	-50.5%
Dec 2022	19.04%	+64.6%
Sep 2022	11.57%	-13.7%
Jun 2022	13.40%	+46.6%
Mar 2022	9.14%	-49.6%
Dec 2021	18.13%	+76.4%
Sep 2021	10.28%	-7.1%
Jun 2021	11.06%	+49.1%
Mar 2021	7.42%	-37.1%
Dec 2020	11.79%	-6.3%
Sep 2020	12.58%	+23.9%
Jun 2020	10.15%	+44.0%
Mar 2020	7.05%	-64.1%
Dec 2019	19.63%	+92.3%
Sep 2019	10.21%	-24.5%
Jun 2019	13.52%	+37.5%
Mar 2019	9.83%	-54.9%
Dec 2018	21.78%	+31.3%
Sep 2018	16.59%	+11.7%
Jun 2018	14.85%	+44.6%
Mar 2018	10.27%	-49.6%
Dec 2017	20.36%	+28.4%
Sep 2017	15.86%	+25.7%
Jun 2017	12.62%	+53.5%
Mar 2017	8.22%	-59.7%
Dec 2016	20.38%	+37.7%
Sep 2016	14.80%	+4.0%
Jun 2016	14.23%	+23.0%
Mar 2016	11.57%	-46.6%
Dec 2015	21.65%	+19.4%
Sep 2015	18.13%	-5.0%
Jun 2015	19.08%	+27.5%
Mar 2015	14.97%	-39.7%
Dec 2014	24.83%	+31.1%
Sep 2014	18.94%	-5.8%
Jun 2014	20.10%	+25.2%
Mar 2014	16.05%	-33.7%
Dec 2013	24.22%	+24.7%
Sep 2013	19.43%	-1.6%
Jun 2013	19.74%	+38.0%
Mar 2013	14.30%	-45.4%
Dec 2012	26.20%	+40.9%
Sep 2012	18.59%	-3.9%
Jun 2012	19.35%	+28.4%
Mar 2012	15.07%	-36.8%
Dec 2011	23.83%	+21.6%
Sep 2011	19.60%	+4.3%
Jun 2011	18.79%	+27.8%
Mar 2011	14.70%	-35.8%
Dec 2010	22.88%	+29.3%
Sep 2010	17.69%	-2.4%
Jun 2010	18.12%	+21.1%
Mar 2010	14.96%	-35.8%
Dec 2009	23.32%	+35.7%
Sep 2009	17.19%	+2.1%
Jun 2009	16.83%	+27.9%
Mar 2009	13.16%	-41.0%
Dec 2008	22.29%	+47.4%
Sep 2008	15.12%	+7.9%
Jun 2008	14.01%	+11.7%
Mar 2008	12.54%	-33.3%
Dec 2007	18.79%	+42.7%
Sep 2007	13.17%	+6.9%

Month	Value	Change
Jun 2007	12.32%	+16.3%
Mar 2007	10.59%	-38.7%
Dec 2006	17.27%	+32.8%
Sep 2006	13.00%	+6.6%
Jun 2006	12.19%	+21.7%
Mar 2006	10.02%	-40.1%
Dec 2005	16.74%	+35.5%
Sep 2005	12.35%	+15.1%
Jun 2005	10.73%	+25.6%
Mar 2005	8.54%	-38.6%
Dec 2004	13.92%	+65.3%
Sep 2004	8.42%	-23.5%
Jun 2004	11.01%	+22.2%
Mar 2004	9.01%	-41.3%
Dec 2003	15.34%	+50.0%
Sep 2003	10.23%	-11.9%
Jun 2003	11.61%	+27.7%
Mar 2003	9.09%	-15.4%
Dec 2002	10.75%	+0.4%
Sep 2002	10.71%	+168.4%
Jun 2002	3.99%	-37.5%
Mar 2002	6.38%	+10.8%
Dec 2001	5.76%	-50.7%
Sep 2001	11.69%	-16.0%
Jun 2001	13.91%	+12.7%
Mar 2001	12.34%	-23.4%
Dec 2000	16.12%	+24.8%
Sep 2000	12.92%	-0.3%
Jun 2000	12.96%	+17.6%
Mar 2000	11.02%	+247.6%
Dec 1999	3.17%	-75.0%
Sep 1999	12.68%	-32.0%
Jun 1999	18.65%	+77.1%
Mar 1999	10.53%	-20.5%
Dec 1998	13.24%	+22.6%
Sep 1998	10.80%	-3.8%
Jun 1998	11.23%	+27.5%
Mar 1998	8.81%	-31.1%
Dec 1997	12.79%	+18.8%
Sep 1997	10.77%	-8.5%
Jun 1997	11.77%	+10.7%
Mar 1997	10.63%	-15.0%
Dec 1996	12.51%	+14.8%
Sep 1996	10.90%	-9.3%
Jun 1996	12.02%	+0.5%
Mar 1996	11.96%	+4.4%
Dec 1995	11.46%	-5.3%
Sep 1995	12.10%	-23.5%
Jun 1995	15.82%	+17.5%
Mar 1995	13.46%	+32.5%
Dec 1994	10.16%	+28.9%
Sep 1994	7.88%	+12.3%
Jun 1994	7.02%	+35.8%
Mar 1994	5.17%	+102.0%
Dec 1993	2.56%	+1,380.0%
Sep 1993	-0.20%	+99.6%
Jun 1993	-56.92%	-2,649.8%
Mar 1993	-2.07%	-108.3%
Dec 1992	25.00%	+190.9%
Sep 1992	-27.49%	-421.1%
Jun 1992	8.56%	+2.9%
Mar 1992	8.32%	+281.7%
Dec 1991	-4.58%	-212.3%
Sep 1991	4.08%	+69.3%
Jun 1991	2.41%	-67.7%
Mar 1991	7.45%	-59.6%
Dec 1990	18.46%	+37.4%
Sep 1990	13.44%	-14.3%
Jun 1990	15.68%	+4.1%
Mar 1990	15.06%	+108.7%
Dec 1989	-172.78%	-20.6%
Dec 1988	-143.28%	+9.3%
Dec 1987	-158.04%	-1.3%
Dec 1986	-156.07%	-23.6%
Dec 1985	-126.32%	+9.4%
Dec 1984	-139.42%	-

FAQ

What is the current quarterly operating margin of IBM?: As of today, IBM quarterly operating margin is 15.07%
What is IBM quarterly operating margin most recent change?: IBM quarterly operating margin was down -21.18% on September 30, 2026
What is 1-year change in IBM quarterly operating margin?: IBM quarterly operating margin is down -24.73% year-over-year
How far is IBM quarterly operating margin from its all-time high?: IBM quarterly operating margin is currently -42.72% below its historical high of 26.31% set on December 31, 2025
How does IBM quarterly operating margin rank versus sector peers?: IBM quarterly operating margin is higher than 74.52% of companies in Technology sector
When is IBM next earnings release?: The next earnings release for IBM is on January 27, 2027

Operating Margin Formula

Operating Profit Margin = Operating Income

Revenue × 100%

Data Sources & References

IBM Official Website www.ibm.com
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/51143/000005114326000004/0000051143-26-000004-index.htm
IBM Profile on Yahoo Finance finance.yahoo.com/quote/IBM
IBM Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/ibm