Canadian Imperial Bank Of Commerce (CM) Tax Rate (2009 - 2026)
Canadian Imperial Bank Of Commerce's (CM) quarterly Tax Rate came in at 23.02% in Q2 2026, up 27.0% YoY from 18.12% in Q2 2025, and up 100.95% on a QoQ basis from 11.45% in Q1 2026.
Canadian Imperial Bank Of Commerce (CM) Tax Rate (2009 - 2026) Analysis & Trends
Canadian Imperial Bank Of Commerce (CM) has 18 years of Tax Rate data on file, last reported at 23.02% in Q2 2026.
- Quarterly Tax Rate rose 27.0% year-over-year to 23.02% in Q2 2026, while the trailing twelve-month figure through Apr 2026 was 22.9% (up 94.0% YoY) and the FY2025 annual result came in at 22.72%, up 1495.0% from the prior year.
- Tax Rate climbed to 23.02% in Q2 2026, from 11.45% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 63.05% in Q1 2023 to a low of 11.45% in Q1 2026.
- A 5-year average of 23.53% and a median of 22.04% in 2022 frame the typical range for Tax Rate.
- Annual changes were most pronounced in 2023 — Tax Rate jumped 4093 bps — and 2024, when it plunged 4265 bps.
- Tracing CM's Tax Rate over 5 years: stood at 19.33% in 2022, then climbed by 6 bps to 20.42% in 2023, then climbed by 8 bps to 21.95% in 2024, then dropped by 0 bps to 21.92% in 2025, then climbed by 5 bps to 23.02% in 2026.
- The last three Tax Rate figures came in at 23.02% (Q2 2026), 11.45% (Q1 2026), and 21.92% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of America | 441.62 Bn | -146.87 Bn | 30.39 Bn | 21.54% |
| 2 | Hsbc Holdings | 357.01 Bn | 357.01 Bn | - | 60.94% |
| 3 | Royal Bank Of Canada | 286.58 Bn | 87.66 Bn | - | 21.90% |
| 4 | Wells Fargo & Company | 254.86 Bn | 50.89 Bn | - | 17.42% |
| 5 | Mitsubishi Ufj Financial | 251.70 Bn | -141.92 Bn | 10.89 Bn | 24.29% |
| 6 | Citigroup | 223.37 Bn | -2,078.94 Bn | 24.75 Bn | 24.97% |
| 7 | Banco Santander | 209.76 Bn | 30.11 Bn | - | - |
| 8 | Toronto Dominion Bank | 194.48 Bn | 19.99 Bn | - | -7.60% |
| 9 | UBS Group AG | 167.76 Bn | -47.95 Bn | - | - |
| 10 | Canadian Imperial Bank Of Commerce | 92.46 Mn | -40.07 Bn | - | 23.02% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 23.02% |
| Apr 30, 2026 | 23.02% |
| Apr 30, 2026 | 23.02% |
| Jan 31, 2026 | 11.45% |
| Jan 31, 2026 | 11.45% |
| Jan 31, 2026 | 11.45% |
| Oct 31, 2025 | 21.92% |
| Oct 31, 2025 | 21.92% |
| Oct 31, 2025 | 21.92% |
| Jul 31, 2025 | 22.91% |
| Jul 31, 2025 | 22.91% |
| Jul 31, 2025 | 22.91% |
| Apr 30, 2025 | 22.75% |
| Apr 30, 2025 | 22.75% |
| Apr 30, 2025 | 22.75% |
| Jan 31, 2025 | 23.29% |
| Jan 31, 2025 | 23.29% |
| Jan 31, 2025 | 23.29% |
| Oct 31, 2024 | 21.95% |
| Oct 31, 2024 | 21.95% |