Canadian Imperial Bank Of Commerce (CM) Tax Rate (2009 - 2026)
Canadian Imperial Bank Of Commerce (CM) posted Tax Rate of 22.76% for fiscal Q3 2026 (quarter ended Jul 31, 2026), down 0.15 percentage points from 22.91% a year earlier and down 0.25 percentage points from the prior quarter.
Canadian Imperial Bank Of Commerce (CM) Tax Rate (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jul 31, 2026, Tax Rate at Canadian Imperial Bank Of Commerce was 19.51%, down 3.21 percentage points year-over-year; for FY2025 (ended Oct 31, 2025), it was 22.72%, up 0.77 percentage points from FY2024.
- Annual Tax Rate shows a five-year change of +0.26 percentage points (FY2020 to FY2025).
- In prior fiscal years, Canadian Imperial Bank Of Commerce's Tax Rate was 21.95% in FY2024 (-5.78 pp), 27.74% in FY2023 (+6.04 pp), 21.70% in FY2022 (-0.84 pp) and 22.54% in FY2021 (+0.09 pp).
- Quarterly Tax Rate has run from a low of 11.45% in fiscal Q1 2026 to a high of 63.05% in fiscal Q1 2023 over five years.
- On a year-over-year basis, Tax Rate increased in five of the last eight quarters, with an average year-over-year change of -0.84 percentage points.
- The strongest year-over-year quarter for Tax Rate in the past five years was fiscal Q1 2023, with a gain of 40.93 percentage points; the weakest was fiscal Q1 2024, with a drop of 42.65 percentage points.
- According to Business Quant data, Tax Rate for the three prior fiscal quarters was 23.02% (Q2 2026), 11.45% (Q1 2026) and 21.92% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 879.54 Bn | 909.01 Bn | - | 23.12% |
| 2 | Banco Santander Chile | 418.48 Bn | 538.42 Bn | - | - |
| 3 | Bank Of America | 381.92 Bn | -1,994.15 Bn | - | 21.54% |
| 4 | Hsbc Holdings | 341.10 Bn | 341.15 Bn | - | - |
| 5 | Morgan Stanley | 295.71 Bn | -213.38 Bn | - | 23.07% |
| 6 | Royal Bank Of Canada | 275.38 Bn | 126.13 Bn | - | 22.26% |
| 7 | Mitsubishi Ufj Financial | 273.79 Bn | -1,314.70 Bn | 10.89 Bn | 16.66% |
| 8 | Goldman Sachs | 262.78 Bn | -3,294.34 Bn | - | 22.60% |
| 9 | Wells Fargo & Company | 242.61 Bn | 244.75 Bn | - | 17.42% |
| 10 | Canadian Imperial Bank Of Commerce | 102.04 Bn | 61.47 Bn | - | 22.76% |
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 22.76% |
| Apr 30, 2026 | 23.02% |
| Jan 31, 2026 | 11.45% |
| Oct 31, 2025 | 21.92% |
| Jul 31, 2025 | 22.91% |
| Apr 30, 2025 | 22.75% |
| Jan 31, 2025 | 23.29% |
| Oct 31, 2024 | 21.81% |
| Jul 31, 2024 | 26.40% |
| Apr 30, 2024 | 18.61% |
| Jan 31, 2024 | 20.41% |
| Oct 31, 2023 | 20.42% |
| Jul 31, 2023 | 20.84% |
| Apr 30, 2023 | 20.56% |
| Jan 31, 2023 | 63.05% |
| Oct 31, 2022 | 19.33% |
| Jul 31, 2022 | 22.33% |
| Apr 30, 2022 | 22.26% |
| Jan 31, 2022 | 22.13% |
| Oct 31, 2021 | 22.20% |
Canadian Imperial Bank Of Commerce Tax Rate 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=tax-rate&ticker=CM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "CM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=CM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();