Commerce Bancshares (CBSH) Net Margin (2009 - 2026)
Commerce Bancshares' Net Margin was 32.03% in Q2 2026, down 2.18 percentage points from 34.21% a year earlier but up 2.26 percentage points from the prior quarter.
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Analysis
Commerce Bancshares (CBSH) Net Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Commerce Bancshares' Net Margin was 31.29% through Jun 30, 2026, down 1.21 percentage points year-over-year; for FY2025, it was 32.10%, up 0.31 percentage points from FY2024.
- Net Margin shows a five-year change of +6.49 percentage points (FY2020 to FY2025).
- In earlier years, Net Margin was 31.79% in FY2024 (+1.42 pp), 30.36% in FY2023 (-2.44 pp), 32.81% in FY2022 (-5.22 pp) and 38.03% in FY2021 (+12.41 pp).
- Quarterly Net Margin has moved between 27.77% (Q4 2023) and 34.86% (Q3 2021) over five years.
- Compared with a year earlier, Net Margin has declined for four straight quarters, with an average year-over-year change of +0.58 percentage points over the last eight quarters.
- The best year-over-year quarter for Net Margin over five years was Q4 2024 (a gain of 4.48 percentage points); the worst was Q2 2022 (a drop of 15.62 percentage points).
- Per Business Quant data, CBSH's Net Margin in the three quarters before Q2 2026 was 29.77% (Q1 2026), 31.30% (Q4 2025) and 32.09% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 918.91 Bn | 918.91 Bn | - | 29.77% |
| 2 | Banco Santander Chile | 870.35 Bn | 846.93 Bn | - | - |
| 3 | Bank Of America | 358.55 Bn | -2,017.56 Bn | - | 21.83% |
| 4 | Hsbc Holdings | 315.74 Bn | -668.95 Bn | - | - |
| 5 | Morgan Stanley | 290.88 Bn | -253.14 Bn | - | 23.36% |
| 6 | Royal Bank Of Canada | 287.92 Bn | 137.98 Bn | - | 32.48% |
| 7 | Goldman Sachs | 270.57 Bn | -3,472.88 Bn | - | 27.42% |
| 8 | Wells Fargo & Company | 258.79 Bn | 258.79 Bn | - | 26.08% |
| 9 | Mitsubishi Ufj Financial | 247.94 Bn | 129.81 Bn | - | - |
| 10 | Commerce Bancshares | 15.90 Bn | 15.70 Bn | - | 31.35% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 31.35% |
| Jun 30, 2026 | 32.03% |
| Mar 31, 2026 | 29.77% |
| Dec 31, 2025 | 31.30% |
| Sep 30, 2025 | 32.09% |
| Jun 30, 2025 | 34.21% |
| Mar 31, 2025 | 30.74% |
| Dec 31, 2024 | 32.25% |
| Sep 30, 2024 | 32.75% |
| Jun 30, 2024 | 33.67% |
| Mar 31, 2024 | 28.32% |
| Dec 31, 2023 | 27.77% |
| Sep 30, 2023 | 30.80% |
| Jun 30, 2023 | 32.18% |
| Mar 31, 2023 | 30.69% |
| Dec 31, 2022 | 33.62% |
| Sep 30, 2022 | 31.91% |
| Jun 30, 2022 | 31.14% |
| Mar 31, 2022 | 34.69% |
| Dec 31, 2021 | 32.34% |
API Access
Commerce Bancshares Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=CBSH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "CBSH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=CBSH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();