NYSE · Financial Statements

Canadian Imperial Bank of Commerce (CM) Financial Statements

$114.02 NYSE: CM Market Cap $103.53B

Canadian Imperial Bank of Commerce most recently reported annual revenue of $62.0B, net profit of $8.4B. Revenue grew at an average annual rate of 19.8% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Canadian Imperial Bank of Commerce: Revenue rose from $18.2B in 2016 to $62.0B in 2025, a change of +241.3% over 9 years; net profit was positive in all 10 reported years; operating margin moved from 27.6% to 17.6%, a shift of -10.0 percentage points; the most recent year shows net profit of $8.4B.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$18.2B$20.5B$25.1B$28.6B$25.1B$23.2B$31.3B$55.5B$64.0B$62.0B
Operating Expenses$13.2B$14.6B$18.4B$22.1B$20.3B$14.9B$23.3B$48.5B$54.9B$51.1B
Operating Profit$5.0B$5.9B$6.7B$6.5B$4.9B$8.3B$8.0B$7.0B$9.2B$10.9B
Operating Margin27.6%28.7%26.7%22.6%19.4%35.8%25.5%12.6%14.3%17.6%
Other Income$0$0$0$0$0$0$0$0$0$0
Interest$3.7B$4.6B$7.4B$10.1B$6.5B$3.3B$9.5B$32.2B$38.5B$33.0B
Depreciation$462.0M$542.0M$657.0M$838.0M$1.3B$1.0B$1.0B$1.1B$1.2B$1.2B
Profit Before Tax$5.0B$5.9B$6.7B$6.5B$4.9B$8.3B$8.0B$7.0B$9.2B$10.9B
Tax$14.3M$19.8M$21.2M$20.8M$22.4M$22.5M$21.7M$27.7M$21.9M$22.7M
Net Profit$4.3B$4.7B$5.3B$5.1B$3.8B$6.4B$6.2B$5.0B$7.1B$8.4B
EPS$5.35$5.62$5.83$5.60$4.11$6.96$6.68$5.17$7.28$8.57
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$15.1B$15.7B$15.6B$16.5B$16.2B$16.2B$15.1B$15.3B$15.5B$15.8B$15.2B$16.2B
Operating Expenses$13.2B$13.5B$13.5B$14.1B$13.8B$13.3B$12.5B$12.5B$12.7B$12.3B$12.0B$13.1B
Operating Profit$1.9B$2.2B$2.1B$2.4B$2.4B$2.8B$2.6B$2.7B$2.8B$3.5B$3.2B$3.1B
Operating Margin12.3%13.8%13.8%14.8%14.9%17.5%17.3%17.8%18.0%22.1%21.0%19.3%
Interest$9.3B$9.5B$9.5B$9.9B$9.6B$8.9B$8.1B$8.0B$8.0B$7.5B$7.3B$7.9B
Profit Before Tax$1.9B$2.2B$2.1B$2.4B$2.4B$2.8B$2.6B$2.7B$2.8B$3.4B$3.2B$3.1B
Tax$20.4M$20.4M$18.6M$26.4M$21.8M$23.3M$22.8M$22.9M$21.9M$11.7M$23.0M$23.0M
Net Profit$1.5B$1.7B$1.7B$1.8B$1.9B$2.2B$2.0B$2.1B$2.2B$3.1B$2.5B$2.4B
EPS$1.53$1.77$1.79$1.82$1.91$2.19$2.04$2.15$2.20$3.21$2.53$2.47

Over the 10 years reported for Canadian Imperial Bank of Commerce, borrowings increased from $144.6B in 2016 to $355.8B in 2025, cash stood at $55.7B in the latest year, shareholders' equity was $17.2B, current assets covered current liabilities 0.13 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$501.4B$565.3B$597.1B$651.6B$769.6B$837.7B$943.6B$975.7B$1.04T$1.12T
Current Assets$62.2B$65.2B$68.0B$82.3B$135.8B$134.3B$149.8B$139.0B$109.0B$110.3B
Cash$15.2B$15.7B$20.7B$22.8B$71.7B$69.3B$73.3B$63.2B$56.0B$55.7B
Inventory$0$0$0$0$0$0$0$0$0$0
Receivables$9.1B$8.7B$10.4B$11.9B$9.0B$10.4B$19.8B$13.9B$15.1B$16.9B
Fixed Assets$1.9B$1.8B$1.8B$1.8B$3.0B$3.3B$3.4B$3.3B$3.4B$3.4B
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$375.1B$426.0B$496.7B$536.6B$592.8B$652.7B$739.7B$778.5B$853.8B$911.9B
Other Assets$1.5B$5.4B$5.6B$5.4B$5.3B$5.0B$5.3B$5.4B$5.4B$5.5B
Total Liabilities$477.7B$534.0B$562.0B$613.0B$728.2B$791.9B$893.2B$922.5B$983.0B$1.05T
Current Liabilities$362.3B$426.3B$441.4B$493.1B$595.0B$651.9B$703.0B$734.6B$797.1B$848.5B
Borrowings$144.6B$167.4B$178.4B$198.0B$218.3B$236.1B$264.6B$281.6B$318.6B$355.8B
Other Liabilities$333.1B$366.7B$383.6B$415.0B$509.9B$555.8B$628.6B$640.9B$664.3B$696.7B
Equity$8.0B$12.5B$13.2B$13.6B$13.9B$14.4B$14.7B$16.1B$17.0B$17.2B
Reserves$23.5B$31.0B$34.9B$38.4B$41.2B$45.6B$50.2B$52.9B$58.7B$64.1B

For Canadian Imperial Bank of Commerce, operating cash flow was positive in 9 of 10 reported years; free cash flow in the latest year was $12.7B; free cash flow was positive in 9 of 10 years; financing activities used $1.8B in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$10.2B$2.5B$9.9B$19.1B$60.3B$-3.3B$22.7B$12.2B$11.1B$13.8B
Investing Cash Flow$-7.6B$-1.8B$-8.2B$-19.1B$-20.7B$-4.3B$-25.5B$-21.8B$-21.8B$-6.9B
Financing Cash Flow$-270.0M$-7.0M$-417.0M$-109.0M$-234.0M$-15.0M$-934.0M$0$-423.0M$-1.8B
Net Cash Flow$447.0M$-60.0M$940.0M$-540.0M$39.7B$-9.0B$-3.0B$-10.7B$-12.3B$3.8B
Free Cash Flow$10.0B$2.7B$9.6B$18.4B$60.0B$-4.2B$21.6B$11.1B$10.0B$12.7B

Valuation & Return Ratios

MetricValue
PEG Ratio0.58
EV / EBITDA—
FCF Yield—
Quick Ratio—
Interest Coverage—
Return 1Y42.90%
Return 3Y260.91%
Return 5Y130.99%

Canadian Imperial Bank of Commerce (CM) financials — frequently asked questions

What is Canadian Imperial Bank of Commerce's annual revenue?

Canadian Imperial Bank of Commerce (CM) reported annual revenue of $62.0B in its most recent fiscal year.

What is Canadian Imperial Bank of Commerce's net profit?

Canadian Imperial Bank of Commerce (CM) reported net profit of $8.4B in its most recent fiscal year.

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