Canadian Imperial Bank of Commerce (CM) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$2.52	$2.73	+8.3%	—	—	—
Q4 26	$2.45	$2.54	+3.7%	—	—	—
Q3 26	$2.07	$2.2	+6.3%	—	—	—
Q2 26	$2	$2.16	+8.0%	—	—	—
Q1 26	$1.9	$2.05	+7.9%	—	—	—
Q4 25	$1.99	$2.2	+10.6%	—	—	—
Q3 25	$1.78	$1.91	+7.3%	—	—	—
Q2 25	$1.74	$1.93	+10.9%	—	—	—
Q1 25	$1.64	$1.75	+6.7%	—	—	—
Q4 24	$1.67	$1.81	+8.4%	—	—	—
Q3 24	$1.53	$1.57	+2.6%	—	—	—
Q2 24	$1.68	$1.52	-9.5%	—	—	—
Q1 24	$1.63	$1.7	+4.3%	—	—	—
Q4 23	$1.72	$1.94	+12.8%	—	—	—
Q3 23	$1.72	$1.39	-19.2%	—	—	—
Q2 23	$1.83	$1.85	+1.1%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$8.62	—	—	$29B	—
FY24	—	$7.29	—	—	$18.5B	—
FY23	—	$5.17	—	—	$23.3B	—
FY22	—	$6.7	—	—	$21.8B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$14.4B	$15.9B	$17.7B	$18.5B	$18.7B	$20B	$21.8B	$23.3B	$18.5B	$29B
YoY change	+5.57%	+9.94%	+11.5%	+4.35%	+1.06%	+6.96%	+9.04%	+7.05%	-20.7%	+57.1%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	14.4B	15.9B	17.7B	18.5B	18.7B	20B	21.8B	23.3B	18.5B	29B
Cost of revenue	—	—	—	—	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—	—	—	—	—
Gross margin	—	—	—	—	—	—	—	—	—	—
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	5.1B	5.5B	6B	6.1B	6.2B	6.7B	7.5B	7.9B	6.2B	9.7B
Operating expenses	5.1B	5.5B	6B	6.1B	6.2B	6.7B	7.5B	7.9B	6.2B	9.7B
Operating income	—	—	—	—	—	—	—	—	—	—
Operating margin	—	—	—	—	—	—	—	—	—	—
Non-operating income, net	—	—	—	—	—	—	—	—	—	—
Pretax income	5B	5.9B	6.7B	6.5B	4.9B	8.3B	8B	7B	6.6B	10.9B
Income tax	718M	1.2B	1.4B	1.3B	1.1B	1.9B	1.7B	1.9B	1.5B	2.5B
Net income	4.3B	4.7B	5.3B	5.1B	3.8B	6.4B	6.2B	5B	5.2B	8.5B
Net margin	29.7%	29.7%	29.9%	27.7%	20.3%	32.3%	28.7%	21.6%	28%	29.1%
EBITDA	—	—	—	—	—	—	—	—	—	—
EPS	5.36	5.63	5.84	5.61	4.12	6.98	6.7	5.17	7.29	8.62
Diluted EPS	5.35	5.62	5.83	5.59	4.11	6.96	6.68	5.17	7.28	8.57

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	5.8B	6.2B	6.1B	4.8B	4.8B	7.3B	7B	7.2B	7.5B	8.3B	8B	8.3B
Cost of revenue	—	—	—	—	—	—	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—	—	—	—	—	—	—
Gross margin	—	—	—	—	—	—	—	—	—	—	—	—
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	2B	2B	2.1B	1.6B	1.7B	2.4B	2.3B	2.5B	2.5B	2.7B	2.7B	2.8B
Operating expenses	2B	2B	2.1B	1.6B	1.7B	2.4B	2.3B	2.5B	2.5B	2.7B	2.7B	2.8B
Operating income	—	—	—	—	—	—	—	—	—	—	—	—
Operating margin	—	—	—	—	—	—	—	—	—	—	—	—
Non-operating income, net	—	—	—	—	—	—	—	—	—	—	—	—
Pretax income	1.9B	2.2B	2.1B	1.8B	1.7B	2.8B	2.6B	2.7B	2.8B	3.5B	3.2B	3.1B
Income tax	380M	443M	400M	468M	379.9M	659M	591M	623M	612M	401M	737M	710M
Net income	1.5B	1.7B	1.7B	1.3B	1.4B	2.2B	2B	2.1B	2.2B	3.1B	2.5B	2.4B
Net margin	25.4%	27.8%	28.5%	27.3%	28.5%	29.9%	28.7%	29%	28.9%	37.3%	30.9%	28.9%
EBITDA	—	—	—	—	—	—	—	—	—	—	—	—
EPS	—	1.77	1.79	1.83	—	2.2	2.05	2.16	—	3.23	2.55	2.49
Diluted EPS	—	1.77	1.79	1.82	—	2.19	2.04	2.15	—	3.21	2.53	2.47

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	43.1B	52.8B	55.6B	55B	48.3B	79.1B	59.6B	46.9B	—	—	101.8B
Enterprise value	123.5B	136.4B	146.2B	131.6B	66.9B	120B	117.6B	116.9B	—	—	54.9B
Shares outstanding	1.1B	1.2B	1.3B	1.3B	1.3B	1.3B	1.3B	1.3B	679.8M	935.4M	935.4M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	10	11.2	10.5	10.7	12.7	12.3	9.55	9.31	—	—	15.2
P/S	2.98	3.33	3.14	2.98	2.59	3.96	2.74	2.01	—	—	3.4
P/B	1.82	1.69	1.58	1.43	1.17	1.73	1.18	0.88	—	—	2.18
EV/Sales	8.55	8.59	8.26	7.13	3.58	6.01	5.4	5.02	—	—	2.59
Earnings yield	9.97%	8.94%	9.51%	9.3%	7.85%	8.15%	10.5%	10.7%	—	—	6.56%
FCF yield	23.3%	4.65%	17.3%	33.4%	124.2%	-5.27%	36.3%	23.7%	—	—	7.92%
PEG	—	—	—	—	—	—	—	—	—	—	1

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Operating margin	—	—	—	—	—	—	—	—	—	—	40%
Net margin	29.7%	29.7%	29.9%	27.7%	20.3%	32.3%	28.7%	21.6%	28%	29.1%	33.7%
ROE	18.1%	15.1%	15%	13.3%	9.17%	14.1%	12.4%	9.48%	12.1%	13.1%	15.6%
ROA	—	—	—	—	—	—	—	—	0.69%	0.76%	0.89%
Return on tangible assets	—	—	—	—	—	—	—	—	0.7%	0.77%	0.87%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Debt / equity	5.61	4.46	4.2	3.79	3.5	3.58	3.72	3.66	3.53	3.54	0.03
Debt / assets	—	—	—	—	—	—	—	—	0.2	0.2	0.19
Effective tax rate	14.3%	19.8%	21.2%	20.8%	22.5%	22.5%	21.7%	27.7%	22%	22.7%	19.5%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	12.6	13.2	13.7	14.3	14.4	15.3	16.6	17.5	27.2	31	32.6
EPS (basic)	5.36	5.63	5.84	5.61	4.12	6.98	6.7	5.17	7.29	8.62	8.62
EPS (diluted)	5.35	5.62	5.83	5.59	4.11	6.96	6.68	5.17	7.28	8.57	7.36
Book value per share	20.6	26	27.3	29.9	31.9	35.1	38.4	40	62.8	68.9	51.4
FCF per share	8.74	2.05	7.47	14.2	46.3	-3.2	16.5	8.37	10.6	13.6	14
Cash per share	45.6	46.5	44.2	53.9	97.5	94.5	98.6	93.6	99.3	99.2	356.4
Capex per share	0.15	0.17	0.2	0.56	0.6	0.64	0.84	0.76	1.16	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	1.18%	1.27%	1.44%	3.92%	4.18%	4.2%	5.1%	4.35%	4.27%	—	—
Capex / operating cash flow	0.53%	0.75%	1.09%	2.86%	1.17%	1.76%	1.31%	3.87%	5.87%	—	—
Payout ratio	40.8%	30.2%	39.9%	47%	67.8%	41.1%	47.6%	44.9%	41.2%	47.2%	40.1%
Dividend yield	4.07%	2.7%	3.8%	4.37%	5.32%	3.35%	4.99%	4.82%	—	—	2.69%

Yield

2.69%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.754

ex-dividend Jun 29, 2026

Payout ratio

40%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jun 29, 2026	$0.754
Mar 27, 2026	$0.772
Jun 27, 2025	$0.711

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	$5.8B	$6.2B	$6.1B	$4.8B	$4.8B	$7.3B	$7B	$7.2B	$7.5B	$8.3B	$8B	$8.3B
YoY change	+8.98%	+4.58%	+8.37%	-18.2%	-18.4%	+16.9%	+13.8%	+51%	+58.1%	+14.7%	+14%	+15.3%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	52.4B	55.8B	56.9B	69.6B	126.2B	123.3B	129.4B	124.5B	67.5B	92.8B
Receivables	1.3B	1.5B	2.2B	2.2B	1.8B	2.1B	3.3B	4.4B	3.9B	5.9B
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	—	—	—	—	—	—	—	—	—	—
Property, plant & equipment	1.9B	1.8B	1.8B	1.8B	3B	3.3B	3.4B	3.3B	2.4B	3.4B
Goodwill & intangibles	5.9B	14.7B	15B	14.8B	14.4B	14B	15.9B	16.3B	12B	16.7B
Total assets	—	—	—	—	—	—	—	—	754.1B	1.1T
Accounts payable	4.1B	4.9B	7.3B	8.4B	8.7B	8.8B	11.2B	13.2B	10.2B	14B
Short-term debt	70B	74.1B	69.7B	70.8B	64.9B	76.2B	80.2B	77.7B	60.4B	84.9B
Total current liabilities	—	—	—	—	—	—	—	—	—	—
Long-term debt	62.9B	65.3B	77.9B	75.4B	79.9B	87.9B	107.2B	116.8B	90.5B	142.9B
Total liabilities	—	—	—	—	—	—	—	—	711.4B	1.1T
Shareholders' equity	23.7B	31.2B	35.1B	38.6B	41.3B	45.8B	50.4B	53.2B	42.7B	64.4B
Total debt	132.9B	139.4B	147.5B	146.2B	144.8B	164.2B	187.5B	194.5B	150.9B	227.8B
Net debt	117.7B	123.8B	126.9B	123.4B	73.1B	94.9B	114.1B	131.3B	110.3B	172B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Cash & short-term investments	124.5B	115.6B	118.7B	90.9B	67.5B	127.6B	132.6B	139.3B	92.8B	140.1B	152.3B	159.5B
Receivables	4.4B	—	—	—	3.9B	—	—	—	5.9B	—	—	—
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	—	—	—	—	—	—	—	—	—	—	—	—
Property, plant & equipment	3.3B	—	—	—	2.4B	—	—	—	3.4B	—	—	—
Goodwill & intangibles	16.3B	16.1B	16.3B	11.8B	12B	16.9B	16.4B	16.5B	16.7B	16.4B	16.4B	16.7B
Total assets	—	—	1T	742.2B	754.1B	1.1T	1.1T	1.1T	1.1T	1.1T	1.2T	1.2T
Accounts payable	13.2B	—	—	—	10.2B	—	—	—	14B	—	—	—
Short-term debt	77.7B	75B	75.7B	53.1B	60.4B	84.3B	88.1B	89.5B	84.9B	78.1B	76.9B	81.3B
Total current liabilities	—	—	—	—	—	—	—	—	—	—	—	—
Long-term debt	116.8B	114.7B	114.7B	86.9B	90.5B	133.7B	127.6B	134.1B	142.9B	142.1B	139.6B	140.3B
Total liabilities	—	—	946.1B	700.3B	711.4B	1T	1T	1T	1.1T	1.1T	1.1T	1.1T
Shareholders' equity	53.2B	54.3B	55.7B	42B	42.7B	61.6B	61.9B	62.9B	64.4B	65.6B	66B	67.5B
Total debt	194.5B	189.7B	190.4B	140B	150.9B	218B	215.7B	223.6B	227.8B	220.2B	216.4B	221.6B
Net debt	131.3B	143.2B	141.3B	105.2B	110.3B	170.2B	166.2B	168.4B	172B	172.5B	162.9B	164.1B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	4.3B	4.7B	5.3B	5.1B	3.8B	6.4B	6.2B	5B	5.2B	8.5B
Depreciation & amortization	462M	542M	657M	838M	1.3B	1B	1B	1.1B	846.7M	1.2B
Stock-based compensation	5M	7M	31M	16M	14M	19M	24M	13M	11.6M	20M
Change in working capital	28.2B	21.6B	17.7B	19.5B	62.6B	39.3B	78.5B	18.3B	8.9B	18.6B
Operating cash flow	32.3B	26.9B	23.5B	25.3B	66.7B	47.7B	84.7B	26.2B	13.4B	13.8B
Capital expenditure	-170M	201M	-255M	-723M	-781M	-839M	-1.1B	-1B	-788.1M	—
Investing cash flow	-7.4B	-2B	-8B	-18.3B	-19.9B	-3.5B	-24.4B	-20.8B	-15B	-4.7B
Dividends paid	-1.8B	-1.4B	-2.1B	-2.4B	-2.6B	-2.6B	-3B	-2.3B	-2.1B	-4B
Share repurchases	-270M	-7M	-417M	-109M	-234M	-15M	-934M	0	-1B	-3.1B
Financing cash flow	-2.4B	-501M	-993M	-1.3B	-1.2B	-1.9B	-1.6B	-2.2B	-1.9B	-4.3B
Net change in cash	22.5B	24.4B	14.5B	5.7B	45.6B	42.3B	58.7B	3.3B	-3.5B	4.9B
Free cash flow	10B	2.5B	9.6B	18.4B	60B	-4.2B	21.6B	11.1B	7.2B	12.7B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Net income	1.5B	1.7B	1.7B	1.3B	1.4B	2.2B	2B	2.1B	2.2B	3.1B	2.5B	2.4B
Depreciation & amortization	310M	276M	288M	230.4M	209.1M	286M	281M	287M	324M	301M	302M	444M
Stock-based compensation	5M	2M	4M	2.2M	5.1M	2M	6M	3M	9M	12M	7M	11M
Change in working capital	14.8B	-15.7B	11.6B	1.1B	10.8B	3.8B	1.3B	-4.1B	17.5B	-12.3B	21.7B	16.1B
Operating cash flow	16.8B	-14.4B	13.8B	1.8B	12B	5.8B	3.8B	5.9B	-4.3B	-2.1B	16.2B	4.3B
Capital expenditure	-290M	-209M	-212M	-199.8M	-284.4M	-193M	-246M	—	—	—	—	—
Investing cash flow	-4.4B	-8.7B	-1.7B	-6.8B	-769.3M	-5.5B	-592M	1.3B	-330M	2.2B	-7.1B	-3.9B
Dividends paid	-573M	-598M	-606M	-630M	-633.9M	-1B	-988M	-986M	-1B	-1.1B	-1.1B	-1.1B
Share repurchases	2M	-2M	-328M	-472.3M	-305.4M	-620M	-490M	-836M	-1.1B	-1B	-890M	-1.2B
Financing cash flow	-608M	657M	-447M	-1.1B	-902.4M	-997M	280M	-1.8B	-1.8B	-1.1B	-3B	-1.7B
Net change in cash	11.9B	-22.4B	11.7B	-6.1B	10.3B	-669M	3.5B	5.3B	-6.4B	-1.1B	6.1B	-1.2B
Free cash flow	11.8B	-4B	3.2B	8.7B	-894.5M	11.2B	668M	5.6B	-4.7B	-2.4B	15.9B	4B

Canadian Imperial Bank of Commerce Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history