INTERNATIONAL BUSINESS MACHINES CORP (IBM) Return on equity 2016–2025
INTERNATIONAL BUSINESS MACHINES CORP (IBM) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
32.4%FY2025 · since FY2016: 65.1% → 32.4%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 32.4% | +10.4 pp |
| FY2024 | 22.1% | -11.2 pp |
| FY2023 | 33.3% | +25.8 pp |
| FY2022 | 7.5% | -22.9 pp |
| FY2021 | 30.4% | +3.2 pp |
| FY2020 | 27.1% | -18.1 pp |
| FY2019 | 45.3% | -6.7 pp |
| FY2018 | 52.0% | +19.3 pp |
| FY2017 | 32.7% | -32.4 pp |
| FY2016 | 65.1% | — |
ROE = reported net income ÷ reported year-end shareholders’ equity for the same fiscal year. Heavy buybacks shrink equity and can push ROE very high (or negative-equity years drop out).
Source: SEC XBRL filings · For reference only · Not investment advice