Canadian Imperial Bank Of Commerce (CM) Tax Rate (2009 - 2026)
Canadian Imperial Bank Of Commerce's (CM) quarterly Tax Rate came in at 22.76% in Q3 2026, down 15.0% on a YoY basis from 26.78% in Q3 2025, and down 1.1% quarter-over-quarter from 23.02% in Q2 2026.
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Analysis
Canadian Imperial Bank Of Commerce (CM) Tax Rate (2009 - 2026) Analysis & Trends
Canadian Imperial Bank Of Commerce (CM) has reported Tax Rate for 18 consecutive years, with 22.76% the latest figure, recorded in Q3 2026.
- For the quarter ending Q3 2026, Tax Rate fell 15.0% year-over-year to 22.76%; the trailing twelve-month figure through Jul 2026 stood at 19.51% (down 321.0% YoY), and the FY2025 full-year result was 22.62%, up 105.0% from the prior year.
- Tax Rate slipped to 22.76% in Q3 2026 per CM's latest filing, from 23.02% in the prior quarter.
- Across five years, Tax Rate topped out at 63.05% in Q1 2023 and bottomed at 11.45% in Q1 2026.
- Historically, Tax Rate has averaged 23.49% across 5 years, with a median of 22.13% in 2022.
- The sharpest annual moves came in 2023 and 2024: Tax Rate surged 4093 bps in 2023, then sank 4265 bps in 2024.
- Over 5 years, Tax Rate stood at 19.33% in 2022, then increased by 6 bps to 20.42% in 2023, then gained by 7 bps to 21.81% in 2024, then rose by 0 bps to 21.92% in 2025, then grew by 4 bps to 22.76% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 22.76%, 23.02%, and 11.45% for Q3 2026, Q2 2026, and Q1 2026 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of America | 2,119.43 Bn | 1,530.93 Bn | 30.39 Bn | 21.54% |
| 2 | Morgan Stanley | 330.57 Bn | 170.43 Bn | - | 23.07% |
| 3 | Goldman Sachs | 305.73 Bn | -670.62 Bn | - | 22.60% |
| 4 | Mitsubishi Ufj Financial | 296.69 Bn | -87.63 Bn | 10.89 Bn | 24.29% |
| 5 | Royal Bank Of Canada | 290.20 Bn | 63.31 Bn | - | 22.26% |
| 6 | Wells Fargo & Company | 272.00 Bn | 68.03 Bn | - | 17.42% |
| 7 | American Express | 217.39 Bn | 168.07 Bn | 17.99 Bn | 23.61% |
| 8 | Banco Santander | 214.76 Bn | 222.37 Bn | 28.01 Bn | - |
| 9 | Toronto Dominion Bank | 207.43 Bn | 46.10 Bn | - | -38.63% |
| 10 | Canadian Imperial Bank Of Commerce | 107.10 Bn | 96.11 Bn | - | 22.76% |
Historic Data
Download Data
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% |