Canadian Imperial Bank Of Commerce (CM) Operating Margin (2009 - 2025)

Canadian Imperial Bank Of Commerce (CM) has reported Operating Margin for 17 consecutive years, with 43.7% the latest figure, recorded in Q4 2025.

• For the quarter ending Q4 2025, Operating Margin rose 185.0% year-over-year to 43.7%; the trailing twelve-month figure through Oct 2025 stood at 43.72% (up 211.0% YoY), and the FY2024 full-year result was 43.39%, up 519.0% from the prior year.
• Operating Margin fell to 43.7% in Q4 2025 per CM's latest filing, from 44.05% in the prior quarter.
• Across five years, Operating Margin topped out at 45.92% in Q1 2025 and bottomed at 23.91% in Q1 2023.
• Historically, Operating Margin has averaged 39.8% across 5 years, with a median of 42.1% in 2023.
• The widest YoY moves for Operating Margin: up 1954 bps in 2024, down 74 bps in 2024.
• Over 5 years, Operating Margin stood at 35.76% in 2021, then dropped by 5 bps to 34.13% in 2022, then gained by 17 bps to 39.97% in 2023, then increased by 5 bps to 41.85% in 2024, then grew by 4 bps to 43.7% in 2025.
• According to Business Quant data, Operating Margin over the past three periods registered 43.7%, 44.05%, and 45.92% for Q4 2025, Q3 2025, and Q1 2025 respectively.