Filing Flows › International Business Machines (IBM) › Operating margin
International Business Machines (IBM) operating margin by quarter
International Business Machines' operating margin was 14.5% in Q3 2026 (third quarter 2026), +0.1 pts from Q2 2026. Over the last 7 quarters it ranged from 8.0% (Q1 2025) to 21.2% (Q4 2025).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 14.5% | +0.1 pts | -0.3 pts |
| Q2 2026 | 14.4% | +5.7 pts | -0.9 pts |
| Q1 2026 | 8.7% | -12.4 pts | +0.8 pts |
| Q4 2025 | 21.2% | +6.3 pts | — |
| Q3 2025 | 14.9% | -0.4 pts | — |
| Q2 2025 | 15.3% | +7.3 pts | — |
| Q1 2025 | 8.0% | — | — |
Q3 2026 at a glance
International Business Machines, Q3 2026: revenue $17.1B (+5% year over year), operating margin 14.5%, net earnings $2.2B, operating cash flow $4.0B. The chart follows the revenue to costs, profit and cash.
Questions
What is International Business Machines' operating margin?
International Business Machines' operating margin was 14.5% in Q3 2026 (third quarter 2026), +0.1 pts from Q2 2026.
How has International Business Machines' operating margin changed?
Over the last 7 quarters it ranged from 8.0% (Q1 2025) to 21.2% (Q4 2025).
Q3 2026 results → · How International Business Machines makes money →