IBM (IBM) Net margin US GAAP (year values)

FY2021 FY2022 FY2023 FY2024 FY2025   LTM ? CAGR 5 years ?
Net margin, % ? 10.0% 2.71% 12.1% 9.60% 15.7%   15.6%  
Changes by years, y/y, % 0pp -7pp +9pp -3pp +6pp     +9.1%

IBM. Net margin, %

IBM. Net margin, changes, pp

IBM (IBM) Net margin US GAAP (quarter values)

FY2025Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2026Q1   LTM ?
Net margin, % ? 7.26% 12.9% 10.7% 28.4% 7.64%   15.6%
Changes by years, y/y, % -4pp +1pp +13pp +12pp +0pp    
Changes by quarters, q/q, % -9pp +6pp -2pp +18pp -21pp    

IBM. Net margin, %

IBM. Net margin, changes, pp

IBM. Net margin, changes, pp