International Business Machines Corporation (IBM) Earnings History
Annual and quarterly earnings data from 1989 to 2025
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IBM EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
IBM Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 59.5% | 15.3% | 15.7% |
| 2024 | 56.7% | 16.1% | 9.6% |
| 2023 | 55.4% | 15.9% | 12.1% |
| 2022 | 54.0% | 13.5% | 2.7% |
| 2021 | 54.9% | 12.0% | 10.0% |
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International Business Machines Corporation (IBM) Earnings Overview
As of May 8, 2026, International Business Machines Corporation (IBM) reported trailing twelve-month net income of $10.75B, reflecting +73.7% year-over-year growth. The company earned $11.29 per diluted share over the past four quarters, with a net profit margin of 15.7%.
Looking at the long-term picture, IBM's 5-year EPS compound annual growth rate (CAGR) stands at +12.4%, showing solid earnings momentum. The company achieved its highest annual net income of $16.60B in fiscal 2012.
International Business Machines Corporation maintains industry-leading profitability with a gross margin of 59.5%, operating margin of 15.3%, and net margin of 15.7%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including ACN ($7.68B net income, 11.0% margin), HPE (-$156M net income, 0.2% margin), DXC ($18M net income, 3.0% margin), IBM has outperformed on profitability metrics. Compare IBM vs ACN →
IBM Earnings vs Peers
Earnings metrics vs comparable public companies
IBM Historical Earnings Data (1989–2025)
37 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $10.59B | +75.9% | $10.32B | $11.17 | 15.7% | 15.3% |
| 2024 | $6.02B | -19.7% | $10.07B | $6.43 | 9.6% | 16.1% |
| 2023 | $7.50B | +357.4% | $9.82B | $8.14 | 12.1% | 15.9% |
| 2022 | $1.64B | -71.4% | $8.17B | $1.80 | 2.7% | 13.5% |
| 2021 | $5.74B | +2.7% | $6.87B | $6.35 | 10.0% | 12.0% |
| 2020 | $5.59B | -40.7% | $4.66B | $6.23 | 10.1% | 8.4% |
| 2019 | $9.43B | +8.1% | $7.54B | $10.56 | 16.3% | 13.1% |
| 2018 | $8.73B | +51.7% | $13.22B | $9.53 | 11.0% | 16.6% |
| 2017 | $5.75B | -51.5% | $13.14B | $6.14 | 7.3% | 16.6% |
| 2016 | $11.87B | -10.0% | $14.68B | $12.38 | 14.9% | 18.4% |
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Start ComparisonIBM — Frequently Asked Questions
Quick answers to the most common questions about buying IBM stock.
Is IBM growing earnings?
IBM EPS is $11.29, with earnings growth accelerating to +73.7%. This exceeds the 5-year CAGR of +12.4%. TTM net income reached $10.8B.
What are IBM's profit margins?
International Business Machines Corporation net margin is +15.7%, with operating margin at +15.3%. Above-average margins indicate pricing power.
How consistent are IBM's earnings?
IBM earnings data spans 1989-2025. The accelerating earnings trend is +73.7% YoY. Historical data enables comparison across business cycles.