Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the operating margin high or low?
The operating margin of 15.24% is in line with its 5-year average of 15.12%, around the middle of its 5-year range (8.34%–24.63%).
As of the fiscal period ended Tuesday, June 30, 2026. 13.69% below its 12-month average of 17.65%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
15.24%
OPERATING MARGIN AVG TTM
17.65%
OPERATING MARGIN AVG 3Y
15.90%
OPERATING MARGIN AVG 5Y
15.12%
OPERATING MARGIN AVG 10Y
15.06%
OPERATING MARGIN AVG 15Y
16.53%
OPERATING MARGIN AVG 20Y
16.24%
CURRENT VS TTM AVG
-13.69%
CURRENT VS 3Y AVG
-4.15%
CURRENT VS 5Y AVG
+0.75%
CURRENT VS 10Y AVG
+1.18%
CURRENT VS 15Y AVG
-7.85%
CURRENT VS 20Y AVG
-6.16%
SECTOR MEDIAN · TECHNOLOGY
13.48%
median of 177 covered companies
CURRENT VS SECTOR MEDIAN
+13.04%
vs the sector median at left
International Business Machines Corporation
Market Cap
$210.71B
Operating Margin
15.24%
TTM Avg
17.65%
3Y Avg
15.90%
5Y Avg
15.12%
Market Cap
$197.70B
Operating Margin
27.19%
TTM Avg
23.72%
3Y Avg
22.19%
5Y Avg
21.32%
Market Cap
$194.34B
Operating Margin
-3.91%
TTM Avg
-4.57%
3Y Avg
-4.43%
5Y Avg
-6.35%
Market Cap
$227.09B
Operating Margin
42.79%
TTM Avg
42.44%
3Y Avg
39.56%
5Y Avg
36.63%
Market Cap
$191.97B
Operating Margin
33.57%
TTM Avg
33.57%
3Y Avg
20.42%
5Y Avg
14.68%
Market Cap
$187.80B
Operating Margin
30.78%
TTM Avg
9.07%
3Y Avg
5.53%
5Y Avg
5.22%
Market Cap
$238.81B
Operating Margin
41.69%
TTM Avg
41.47%
3Y Avg
39.51%
5Y Avg
38.95%
Market Cap
$179.90B
Operating Margin
-18.72%
TTM Avg
-12.87%
3Y Avg
-11.72%
5Y Avg
-9.38%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| International Business Machines Corporation (IBM) | $210.71B | 15.24% | 17.65% | 15.90% | 15.12% |
| SAP SE (SAP)vs › | $213.96B | 26.78% | 19.89% | 19.60% | 21.00% |
| Amphenol Corporation (APH)vs › | $197.70B | 27.19% | 23.72% | 22.19% | 21.32% |
| CrowdStrike Holdings, Inc. (CRWD)vs › | $194.34B | -3.91% | -4.57% | -4.43% | -6.35% |
| Arista Networks, Inc. (ANET)vs › | $227.09B | 42.79% | 42.44% | 39.56% | 36.63% |
| Seagate Technology Holdings plc (STX)vs › | $191.97B | 33.57% | 33.57% | 20.42% | 14.68% |
| Western Digital Corporation (WDC)vs › | $187.80B | 30.78% | 9.07% | 5.53% | 5.22% |
| KLA Corporation (KLAC)vs › | $238.81B | 41.69% | 41.47% | 39.51% | 38.95% |
| Sandisk Corporation (SNDK)vs › | $179.90B | -18.72% | -12.87% | -11.72% | -9.38% |
| Analog Devices, Inc. (ADI)vs › | $178.96B | 32.50% | 24.09% | 26.41% | 25.93% |
Gross Margin
58.4%
Operating Margin
15.2%
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | OPERATING MARGIN |
|---|---|
| 2026-06-30 | 15.24% |
| 2026-03-31 | 13.94% |
| 2025-12-31 | 24.63% |
| 2025-09-30 | 16.29% |
| 2025-06-30 | 18.18% |
| 2025-03-31 | 12.14% |
| 2024-12-31 | 22.22% |
| 2024-09-30 | 14.55% |
| 2024-06-30 | 15.44% |
| 2024-03-31 | 10.81% |
| 2023-12-31 | 22.99% |
| 2023-09-30 | 14.26% |
| 2023-06-30 | 14.72% |
| 2023-03-31 | 10.08% |
| 2022-12-31 | 20.96% |
| 2022-09-30 | 11.07% |
| 2022-06-30 | 12.62% |
| 2022-03-31 | 8.34% |
| 2021-12-31 | 17.81% |
| 2021-09-30 | 10.08% |
| 2021-06-30 | 11.25% |
| 2021-03-31 | 7.25% |
| 2020-12-31 | 19.63% |
| 2020-09-30 | 13.72% |
| 2020-06-30 | 12.19% |
| 2020-03-31 | 6.76% |
| 2019-12-31 | 19.59% |
| 2019-09-30 | 10.67% |
| 2019-06-30 | 12.36% |
| 2019-03-31 | 11.12% |
| 2018-12-31 | 22.17% |
| 2018-09-30 | 18.48% |
| 2018-06-30 | 16.34% |
| 2018-03-31 | 9.06% |
| 2017-12-31 | 20.64% |
| 2017-09-30 | 17.75% |
| 2017-06-30 | 14.94% |
| 2017-03-31 | 10.43% |
| 2016-12-31 | 22.98% |
| 2016-09-30 | 17.58% |
| 2016-06-30 | 16.20% |
| 2016-03-31 | 8.19% |
| 2015-12-31 | 23.24% |
| 2015-09-30 | 18.83% |
| 2015-06-30 | 19.76% |
| 2015-03-31 | 15.56% |
| 2014-12-31 | 24.12% |
| 2014-09-30 | 20.03% |
| 2014-06-30 | 22.24% |
| 2014-03-31 | 14.46% |
| 2013-12-31 | 25.42% |
| 2013-09-30 | 21.57% |
| 2013-06-30 | 16.75% |
| 2013-03-31 | 15.64% |
| 2012-12-31 | 30.00% |
| 2012-09-30 | 18.62% |
| 2012-06-30 | 19.97% |
| 2012-03-31 | 15.78% |
| 2011-12-31 | 24.05% |
| 2011-09-30 | 18.99% |
| 2011-06-30 | 17.94% |
| 2011-03-31 | 13.95% |
| 2010-12-31 | 23.04% |
| 2010-09-30 | 18.08% |
| 2010-06-30 | 18.00% |
| 2010-03-31 | 12.22% |
| 2009-12-31 | 22.13% |
| 2009-09-30 | 17.58% |
| 2009-06-30 | 17.45% |
| 2009-03-31 | 12.38% |
| 2008-12-31 | 20.64% |
| 2008-09-30 | 15.27% |
| 2008-06-30 | 13.61% |
| 2008-03-31 | 12.15% |
| 2007-12-31 | 23.50% |
| 2007-09-30 | 12.89% |
| 2007-06-30 | 9.37% |
| 2007-03-31 | 7.69% |
| 2006-12-31 | 17.12% |
| 2006-09-30 | 10.15% |
| 2006-06-30 | 9.37% |
| 2006-03-31 | 7.21% |
| 2005-12-31 | 16.60% |
| 2005-09-30 | 12.35% |
| 2005-06-30 | 3.60% |
| 2005-03-31 | 8.13% |
| 2004-12-31 | 14.93% |
| 2004-09-30 | 8.15% |
| 2004-06-30 | 9.13% |
| 2004-03-31 | 8.20% |
| 2003-12-31 | 14.48% |
| 2003-09-30 | 10.23% |
| 2003-06-30 | 10.69% |
| 2003-03-31 | 9.09% |
| 2002-12-31 | 10.75% |
| 2002-09-30 | 10.71% |
