International Business Machines (IBM)

Profitability ratios

	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021
Gross profit margin	58.81%	58.16%	57.57%	57.04%	56.65%	56.54%	56.10%	55.64%	55.45%	55.04%	54.64%	54.24%	54.00%	53.78%	54.01%	54.48%	54.90%	53.27%	51.78%	50.09%
Operating profit margin	17.29%	17.45%	17.07%	16.36%	16.06%	16.25%	16.19%	16.01%	15.86%	15.23%	14.50%	13.96%	13.55%	12.69%	12.49%	12.15%	11.97%	12.93%	13.72%	13.83%
Pretax margin	15.29%	14.51%	9.77%	9.36%	9.24%	9.99%	14.31%	14.03%	14.05%	13.48%	3.09%	2.63%	1.91%	1.18%	10.10%	8.94%	8.43%	5.34%	6.54%	7.12%
Net profit margin	15.69%	12.09%	9.11%	8.71%	9.60%	10.22%	13.52%	13.18%	12.13%	11.32%	3.35%	3.03%	2.71%	2.08%	9.36%	9.46%	10.01%	7.81%	8.16%	7.75%

	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021
Operating return on assets (Operating ROA)	7.69%	7.80%	7.36%	7.06%	7.34%	7.57%	7.54%	7.25%	7.26%	7.20%	6.64%	6.33%	6.45%	6.10%	5.85%	5.32%	5.20%	5.47%	6.11%	6.44%
Return on assets (ROA)	6.97%	5.40%	3.93%	3.76%	4.39%	4.76%	6.30%	5.96%	5.55%	5.35%	1.53%	1.37%	1.29%	1.00%	4.38%	4.14%	4.35%	3.30%	3.63%	3.61%
Return on total capital	37.57%	40.76%	29.37%	28.33%	27.50%	32.49%	44.12%	44.62%	45.70%	42.28%	14.72%	13.25%	10.81%	9.56%	37.24%	33.61%	31.70%	19.91%	24.94%	28.87%
Return on equity (ROE)	32.45%	28.34%	21.20%	20.36%	22.06%	26.17%	35.09%	35.17%	33.29%	30.00%	9.12%	8.49%	7.47%	6.28%	28.79%	28.98%	30.38%	21.44%	24.30%	25.10%