Canadian Imperial Bank Of Commerce CM
NYSE CM
$114.47 -0.49 (-0.43%)
As of: Sep 10, 2026 · 3:59 PM EDT

Canadian Imperial Bank Of Commerce (CM) Operating Expenses (2009 - 2026)

Canadian Imperial Bank Of Commerce's (CM) quarterly Operating Expenses came in at $3.4 billion in Q3 2026, up 16.12% on a YoY basis from $2.9 billion in Q3 2025, and up 9.69% quarter-over-quarter from $3.1 billion in Q2 2026.

Analysis

Canadian Imperial Bank Of Commerce (CM) Operating Expenses (2009 - 2026) Analysis & Trends

Canadian Imperial Bank Of Commerce (CM) has reported Operating Expenses for 18 consecutive years, with $3.4 billion the latest figure, recorded in Q3 2026.

  • For the quarter ending Q3 2026, Operating Expenses rose 16.12% year-over-year to $3.4 billion; the trailing twelve-month figure through Jul 2026 stood at $12.6 billion (up 13.26% YoY), and the FY2025 full-year result was $11.4 billion, up 8.08% from the prior year.
  • Operating Expenses climbed to $3.4 billion in Q3 2026 per CM's latest filing, from $3.1 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $3.4 billion in Q3 2026 and bottomed at $2.3 billion in Q2 2023.
  • Historically, Operating Expenses has averaged $2.7 billion across 5 years, with a median of $2.7 billion in 2025.
  • The sharpest annual moves came in 2023 and 2024: Operating Expenses surged 38.51% in 2023, then slipped 22.52% in 2024.
  • Over 5 years, Operating Expenses stood at $2.6 billion in 2022, then decreased by 3.25% to $2.5 billion in 2023, then advanced by 9.43% to $2.8 billion in 2024, then advanced by 8.52% to $3.0 billion in 2025, then gained by 11.54% to $3.4 billion in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $3.4 billion, $3.1 billion, and $3.1 billion for Q3 2026, Q2 2026, and Q1 2026 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Bank Of America 2,119.43 Bn 1,530.93 Bn 30.39 Bn 18.63 Bn
2 Morgan Stanley 330.57 Bn 170.43 Bn - 13.90 Bn
3 Goldman Sachs 305.73 Bn -670.62 Bn - 11.67 Bn
4 Mitsubishi Ufj Financial 296.69 Bn -87.63 Bn 10.89 Bn 17.50 Bn
5 Royal Bank Of Canada 290.20 Bn 63.31 Bn - 7.02 Bn
6 Wells Fargo & Company 272.00 Bn 68.03 Bn - 13.66 Bn
7 American Express 217.39 Bn 168.07 Bn 17.99 Bn 14.48 Bn
8 Banco Santander 214.76 Bn 222.37 Bn 28.01 Bn -7.44 Bn
9 Toronto Dominion Bank 207.43 Bn 46.10 Bn - 6.08 Bn
10 Canadian Imperial Bank Of Commerce 107.10 Bn 96.11 Bn - 3.36 Bn
Historic Data

Historic Data

Download Data
DateValue
Jul 31, 2026 3.36 Bn
Apr 30, 2026 3.06 Bn
Jan 31, 2026 3.12 Bn
Oct 31, 2025 3.01 Bn
Jul 31, 2025 2.89 Bn
Apr 30, 2025 2.68 Bn
Jan 31, 2025 2.73 Bn
Oct 31, 2024 2.78 Bn
Jul 31, 2024 2.69 Bn
Apr 30, 2024 2.58 Bn
Jan 31, 2024 2.56 Bn
Oct 31, 2023 2.54 Bn
Jul 31, 2023 2.48 Bn
Apr 30, 2023 2.32 Bn
Jan 31, 2023 3.31 Bn
Oct 31, 2022 2.62 Bn
Jul 31, 2022 2.47 Bn
Apr 30, 2022 2.46 Bn
Jan 31, 2022 2.39 Bn
Oct 31, 2021 3.14 Bn