Return on Equity (ROE)
since 2005
Calculation
International Business Machines Corp., ROE, long-term trends, calculation
| ROE | = | 100 | × | Net income attributable to IBM1 | ÷ | Total IBM stockholders’ equity1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2021 | 30.38% | = | 100 | × | 5,743 | ÷ | 18,901 |
| Dec 31, 2020 | 27.14% | = | 100 | × | 5,590 | ÷ | 20,597 |
| Dec 31, 2019 | 45.25% | = | 100 | × | 9,431 | ÷ | 20,841 |
| Dec 31, 2018 | 51.96% | = | 100 | × | 8,728 | ÷ | 16,796 |
| Dec 31, 2017 | 32.70% | = | 100 | × | 5,753 | ÷ | 17,594 |
| Dec 31, 2016 | 65.07% | = | 100 | × | 11,872 | ÷ | 18,246 |
| Dec 31, 2015 | 92.48% | = | 100 | × | 13,190 | ÷ | 14,262 |
| Dec 31, 2014 | 101.30% | = | 100 | × | 12,022 | ÷ | 11,868 |
| Dec 31, 2013 | 72.32% | = | 100 | × | 16,483 | ÷ | 22,792 |
| Dec 31, 2012 | 88.04% | = | 100 | × | 16,604 | ÷ | 18,860 |
| Dec 31, 2011 | 78.73% | = | 100 | × | 15,855 | ÷ | 20,138 |
| Dec 31, 2010 | 64.36% | = | 100 | × | 14,833 | ÷ | 23,046 |
| Dec 31, 2009 | 59.31% | = | 100 | × | 13,425 | ÷ | 22,637 |
| Dec 31, 2008 | 91.60% | = | 100 | × | 12,334 | ÷ | 13,465 |
| Dec 31, 2007 | 36.59% | = | 100 | × | 10,418 | ÷ | 28,470 |
| Dec 31, 2006 | 33.30% | = | 100 | × | 9,492 | ÷ | 28,506 |
| Dec 31, 2005 | 23.97% | = | 100 | × | 7,934 | ÷ | 33,098 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
Comparison to Competitors
International Business Machines Corp., ROE, long-term trends, comparison to competitors
| International Business Machines Corp. | Accenture PLC | Adobe Inc. | Automatic Data Processing Inc. | Intuit Inc. | Mastercard Inc. | Microsoft Corp. | Oracle Corp. | PayPal Holdings Inc. | Salesforce Inc. | ServiceNow Inc. | Visa Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 31, 2021 | 30.38% | 30.25% | 32.59% | 45.83% | 20.89% | 118.80% | 43.15% | 262.43% | 19.19% | 9.81% | 6.22% | 32.75% |
| Dec 31, 2020 | 27.14% | 30.05% | 39.66% | 42.88% | 35.76% | 100.31% | 37.43% | 83.94% | 20.99% | 0.37% | 4.18% | 30.01% |
| Dec 31, 2019 | 45.25% | 33.17% | 28.03% | 42.46% | 41.53% | 137.76% | 38.35% | 50.87% | 14.56% | 7.11% | 29.45% | 34.83% |
| Dec 31, 2018 | 51.96% | 39.17% | 27.67% | 46.85% | 51.44% | 108.60% | 20.03% | 8.37% | 13.37% | 1.36% | -2.40% | 30.29% |
| Dec 31, 2017 | 32.70% | 38.50% | 20.02% | 43.59% | 71.71% | 71.60% | 29.29% | 17.33% | 11.22% | 2.40% | -25.53% | 20.45% |
| Dec 31, 2016 | 65.07% | 54.42% | 15.74% | 33.30% | 84.32% | 71.76% | 23.33% | 18.82% | 9.52% | -0.95% | -116.76% | 18.20% |
| Dec 31, 2015 | 92.48% | 49.78% | 8.99% | 30.21% | 15.65% | 63.17% | 15.23% | 20.42% | 8.93% | -6.61% | -35.01% | 21.21% |
| Dec 31, 2014 | 101.30% | 51.32% | 3.96% | 22.73% | 29.47% | 53.27% | 24.59% | 23.37% | — | -7.64% | -41.85% | 19.84% |
| Dec 31, 2013 | 72.32% | 66.16% | 4.31% | 22.71% | 24.30% | 41.64% | 27.69% | 24.47% | — | -11.67% | -18.70% | 18.53% |
| Dec 31, 2012 | 88.04% | 61.59% | 12.49% | 22.71% | 28.86% | 39.89% | 25.58% | 22.85% | — | -0.73% | -15.34% | 7.76% |
| Dec 31, 2011 | 78.73% | 58.72% | 14.40% | 20.87% | 24.24% | 32.48% | 40.55% | 21.49% | — | 5.05% | — | 13.81% |
| Dec 31, 2010 | 64.36% | 62.79% | 14.92% | 22.11% | 20.35% | 35.47% | 40.63% | 19.92% | — | 7.73% | — | 11.86% |
| Dec 31, 2009 | 59.31% | 55.08% | 7.90% | 25.04% | 17.49% | 41.74% | 36.83% | 22.29% | — | 6.46% | — | 10.15% |
| Dec 31, 2008 | 91.60% | 66.59% | 19.77% | 24.29% | 23.00% | -13.17% | 48.73% | 23.98% | — | 4.06% | — | 3.80% |
| Dec 31, 2007 | 36.59% | 60.25% | 15.57% | 22.12% | 21.62% | 35.87% | 45.23% | 25.26% | — | 0.17% | — | — |
| Dec 31, 2006 | 33.30% | 51.38% | 9.82% | 25.85% | 23.99% | 2.12% | 31.42% | 22.52% | — | 14.50% | — | — |
| Dec 31, 2005 | 23.97% | 55.42% | 32.34% | 18.25% | 22.51% | — | 25.47% | 26.63% | — | 5.06% | — | — |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Software & Services)
International Business Machines Corp., ROE, long-term trends, comparison to sector (software & services)
| International Business Machines Corp. | Software & Services | |
|---|---|---|
| Dec 31, 2021 | 30.38% | 38.32% |
| Dec 31, 2020 | 27.14% | 33.07% |
| Dec 31, 2019 | 45.25% | 37.65% |
| Dec 31, 2018 | 51.96% | 24.11% |
| Dec 31, 2017 | 32.70% | 24.72% |
| Dec 31, 2016 | 65.07% | 25.95% |
| Dec 31, 2015 | 92.48% | 23.79% |
| Dec 31, 2014 | 101.30% | 28.46% |
| Dec 31, 2013 | 72.32% | 30.68% |
| Dec 31, 2012 | 88.04% | 29.19% |
| Dec 31, 2011 | 78.73% | 34.45% |
| Dec 31, 2010 | 64.36% | 33.17% |
| Dec 31, 2009 | 59.31% | 31.62% |
| Dec 31, 2008 | 91.60% | 36.57% |
| Dec 31, 2007 | 36.59% | 35.64% |
| Dec 31, 2006 | 33.30% | 28.72% |
| Dec 31, 2005 | 23.97% | 25.24% |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Information Technology)
International Business Machines Corp., ROE, long-term trends, comparison to industry (information technology)
| International Business Machines Corp. | Information Technology | |
|---|---|---|
| Dec 31, 2021 | 30.38% | 42.67% |
| Dec 31, 2020 | 27.14% | 35.81% |
| Dec 31, 2019 | 45.25% | 37.52% |
| Dec 31, 2018 | 51.96% | 31.14% |
| Dec 31, 2017 | 32.70% | 23.68% |
| Dec 31, 2016 | 65.07% | 23.44% |
| Dec 31, 2015 | 92.48% | 26.17% |
| Dec 31, 2014 | 101.30% | 26.02% |
| Dec 31, 2013 | 72.32% | 25.03% |
| Dec 31, 2012 | 88.04% | 25.44% |
| Dec 31, 2011 | 78.73% | 28.27% |
| Dec 31, 2010 | 64.36% | 26.97% |
| Dec 31, 2009 | 59.31% | 20.29% |
| Dec 31, 2008 | 91.60% | 24.51% |
| Dec 31, 2007 | 36.59% | 24.44% |
| Dec 31, 2006 | 33.30% | 23.01% |
| Dec 31, 2005 | 23.97% | 22.40% |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).