CM

MKT CAP:$102B

Canadian Imperial Bank of Commerce

Market Cap

$102B

Financial Services·Banks - Diversified·🇨🇦 Canada·NYSE

Financials·Banks·🇨🇦·NYSE

Stock Price

$109.73+$17.86 (+19.43%)

Apr 24, 2026

Company Details

Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally. The...

CEO

Harry K. Culham

IPO Date

Nov 13, 1997

Website

www.cibc.com

Key Metrics TTM

Revenue

$45.1B

-4.4% YoY

Net Income

$6.8B

EPS (Diluted)

$7.02

Free Cash Flow

-$10.3B

Revenue / Share

$65.94

Gross Margin

45.0%

Operating Margin

18.8%

Net Margin

15.2%

FCF Margin

-22.8%

P/S

2.3x

P/E

14.9x

Earnings Reports

Q1 2026

Feb 26, 2026

$11.6B-2.0%EPS $2.35

FY 2025

Dec 4, 2025

$45.3BEPS $6.26

Q4 2025

Dec 4, 2025

$11.3B-4.2%EPS $1.61

Q3 2025

Aug 28, 2025

$11.2B-7.5%EPS $1.57

Q2 2025

May 29, 2025

$11.0B-3.7%EPS $1.49

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 21	$4.2B	$3.6B	$1.6B
Q3 21	$4.2B	$3.8B	$1.6B
Q4 21	$4.2B	$3.6B	$1.4B
Q1 22	$4.6B	$4.0B	$1.8B
Q2 22	$4.8B	$3.8B	$1.4B
Q3 22	$5.9B	$3.9B	$1.6B
Q3 23	$10.4B	$3.7B	$1.3B
Q1 24	$11.5B	$4.1B	$1.6B
Q2 24	$11.4B	$4.1B	$1.6B
Q3 24	$12.1B	$4.5B	$1.8B
Q4 24	$11.8B	$4.5B	$1.8B
Q1 25	$11.8B	$4.9B	$2.1B
Q2 25	$11.0B	$4.7B	$1.9B
Q3 25	$11.2B	$4.9B	$2.0B
Q4 25	$11.3B	$5.1B	$2.0B
Q1 26	$11.6B	$5.7B	$2.6B

Valuation

Quarter	P/S	P/E
Q2 21	2.8x	11.8x
Q3 21	3.1x	11.8x
Q4 21	3.2x	11.7x
Q1 22	3.3x	11.6x
Q2 22	2.8x	10.4x
Q3 22	2.4x	9.9x
Q3 23	1.6x	8.6x
Q1 24	1.3x	9.3x
Q2 24	1.1x	9.3x
Q3 24	1.1x	9.9x
Q4 24	1.3x	12.0x
Q1 25	1.2x	10.2x
Q2 25	1.2x	10.2x
Q3 25	1.5x	11.7x
Q4 25	1.7x	12.7x
Q1 26	2.1x	13.7x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 21	-$13.0B	-$13.1B
Q3 21	$5.3B	$5.1B
Q4 21	$6.1B	$5.9B
Q1 22	-$711M	-$858M
Q2 22	$5.0B	$4.8B
Q3 22	$5.8B	$5.6B
Q3 23	-$4.7B	-$4.9B
Q1 24	-$2.8B	-$2.9B
Q2 24	$2.5B	$2.4B
Q3 24	$9.0B	$8.8B
Q4 24	-$616M	-$903M
Q1 25	$8.3B	$8.2B
Q2 25	$668M	$488M
Q3 25	$4.3B	$4.1B
Q4 25	-$12.7B	-$13.0B
Q1 26	-$1.6B	-$1.8B

Capital Expenditures

Quarter	CapEx
Q2 21	$128M
Q3 21	$153M
Q4 21	$197M
Q1 22	$147M
Q2 22	$178M
Q3 22	$199M
Q3 23	$174M
Q1 24	$153M
Q2 24	$155M
Q3 24	$201M
Q4 24	$287M
Q1 25	$141M
Q2 25	$180M
Q3 25	$206M
Q4 25	$284M
Q1 26	$180M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 21	-21.0%	-34.6%
Q3 21	+0.3%	-17.1%
Q4 21	+3.8%	-5.2%
Q1 22	+7.1%	+2.8%
Q2 22	+13.5%	+26.6%
Q3 22	+39.5%	+66.9%
Q3 23	+145.0%	+213.8%
Q1 24	+149.3%	+247.2%
Q2 24	+139.9%	+195.9%
Q3 24	+103.5%	+135.7%
Q4 24	+13.8%	+11.0%
Q1 25	+3.1%	-1.3%
Q2 25	-3.7%	-7.6%
Q3 25	-7.5%	-10.8%
Q4 25	-4.2%	-7.8%
Q1 26	-2.0%	-7.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 21	$6M	0.1%
Q3 21	$2M	0.1%
Q4 21	$1M	0.0%
Q1 22	$7M	0.1%
Q2 22	$2M	0.0%
Q3 22	$2M	0.0%
Q3 23	$2M	0.0%
Q1 24	$1M	0.0%
Q2 24	$3M	0.0%
Q3 24	$2M	0.0%
Q4 24	$5M	0.0%
Q1 25	$1M	0.0%
Q2 25	$4M	0.0%
Q3 25	$2M	0.0%
Q4 25	$7M	0.1%
Q1 26	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M
Q2 21	$1.2B	$37M
Q3 21	$1.2B	$40M
Q4 21	$1.2B	$64M
Q1 22	$1.3B	$46M
Q2 22	$1.3B	$58M
Q3 22	$1.3B	$66M
Q3 23	$1.4B	$56M
Q1 24	$1.4B	$56M
Q2 24	$1.5B	$63M
Q3 24	$1.5B	$57M
Q4 24	$1.6B	$75M
Q1 25	$1.7B	$64M
Q2 25	$1.6B	$67M
Q3 25	$1.7B	$71M
Q4 25	$1.7B	$88M
Q1 26	$1.9B	$69M

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$35.1B	$41.8B	$76.9B
Q3 22	$33.1B	$41.4B	$74.5B
Q4 22	$53.6B	$41.0B	$94.6B
Q1 23	$37.6B	$42.1B	$79.8B
Q2 23	$38.9B	$43.1B	$82.0B
Q3 23	$29.5B	$44.5B	$74.1B
Q4 23	$46.2B	$44.8B	$91.0B
Q1 24	$34.0B	$50.5B	$84.5B
Q2 24	$35.9B	$50.8B	$86.7B
Q3 24	$35.0B	$56.5B	$91.4B
Q4 24	$40.9B	$27.2B	$68.1B
Q1 25	$34.9B	$58.3B	$93.2B
Q2 25	$36.2B	$60.7B	$96.9B
Q3 25	$40.3B	$61.5B	$101.8B
Q4 25	$40.7B	$27.1B	$67.8B
Q1 26	$8.0B	$0	$8.0B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 21	899M	+0.3%	+0.8%
Q3 21	902M	+0.4%	+1.2%
Q4 21	904M	+0.2%	+1.2%
Q1 22	905M	+0.1%	+1.0%
Q2 22	906M	+0.1%	+0.8%
Q3 22	906M	-0.0%	+0.4%
Q3 23	919M	+1.5%	+1.7%
Q1 24	932M	+1.4%	+3.0%
Q2 24	940M	+0.8%	+3.8%
Q3 24	946M	+0.6%	+4.4%
Q4 24	949M	+0.3%	+3.2%
Q1 25	947M	-0.1%	+1.6%
Q2 25	943M	-0.5%	+0.3%
Q3 25	938M	-0.6%	-0.9%
Q4 25	935M	-0.3%	-1.4%
Q1 26	684M	-26.9%	-27.8%

Shares Outstanding