Canadian Imperial Bank of Commerce
TSX:CM.TO · Toronto Stock Exchange
-$1.74 today
Vol 5.93M · Avg 2.43M
Income Statement
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Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Stock Ticker Earnings Waterfall
TSX:CM.TO · Revenue to Net Income
Key Ratios
Analysis
$53.2B of revenue converted into $9.8B of net income for the selected period. Gross margin is 60.4% and net margin is 20.2%, showing how much revenue survives after costs and taxes. EPS is $10.09, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $62.0B +162.7% | $23.6B +10.8% | $21.3B +2.6% | $20.8B +4.6% | $19.9B | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $35.3B -12.7% | $40.5B | $0 -100.0% | $10.5B +205.3% | $3.4B | $725.6M | $804.0M | $882.4M |
| Gross Profit | $26.7B +13.4% | $23.5B +10.5% | $21.3B +2.3% | $20.8B +5.0% | $19.8B | $8.9B | $7.6B | $6.2B |
| Gross Margin | 43.0% -56.6pp | 99.7% -0.2pp | 99.9% -0.2pp | 100.1% +0.4pp | 99.7% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $9.7B +12.3% | $8.6B +9.6% | $7.9B +4.8% | $7.5B +12.0% | $6.7B | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $15.7B +23.0% | $12.8B -10.7% | $14.3B +27.1% | $11.3B +11.2% | $10.1B | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $1.2B +0.7% | $1.2B +2.4% | $1.1B +9.2% | $1.0B +2.9% | $1.0B | $374.2M | $1.2B | $631.8M |
| EBITDA | $12.1B +17.2% | $10.3B +28.4% | $8.1B -7.8% | $8.7B -3.1% | $9.0B | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 19.5% -24.2pp | 43.8% +6.0pp | 37.8% -4.2pp | 42.0% -3.4pp | 45.4% | 5.6% | 46.3% | 42.0% |
| Operating Income | $10.9B +25.6% | $8.7B -8.9% | $9.6B +24.4% | $7.7B -3.9% | $8.0B | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 17.6% -19.2pp | 36.9% -8.0pp | 44.9% +7.9pp | 37.0% -3.3pp | 40.3% | 16.6% | 24.1% | 22.0% |
| Interest Income | $48.8B -6.6% | $52.2B +15.9% | $45.0B +103.0% | $22.2B +50.5% | $14.7B | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $33.0B -14.3% | $38.5B +19.6% | $32.2B +237.5% | $9.5B +190.6% | $3.3B | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | -$117.0M -125.4% | $460.0M +117.7% | -$2.6B -991.8% | $291.0M -11.6% | $329.0M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $10.8B +18.1% | $9.2B +31.6% | $7.0B -12.7% | $8.0B -4.2% | $8.3B | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 17.5% -21.4pp | 38.8% +6.2pp | 32.7% -5.7pp | 38.4% -3.5pp | 41.9% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $2.5B +23.5% | $2.0B +4.2% | $1.9B +11.6% | $1.7B -7.8% | $1.9B | $1.3B | -$1.6B | $745.2M |
| Net Income | $8.4B +18.5% | $7.1B +42.4% | $5.0B -19.7% | $6.2B -3.3% | $6.4B | $4.9B | $4.8B | $4.7B |
| Net Margin | 13.6% -16.5pp | 30.1% +6.7pp | 23.4% -6.5pp | 29.9% -2.4pp | 32.4% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $9 +18.2% | $7 +41.3% | $5 -23.0% | $7 -4.0% | $7 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $9 +17.7% | $7 +41.1% | $5 -22.8% | $7 -4.2% | $7 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $935.4M -0.4% | $939.4M +2.6% | $915.6M +1.4% | $903.3M +0.6% | $897.9M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $940.7M -0.1% | $941.7M +2.8% | $916.2M +1.2% | $905.7M +0.6% | $900.4M | $1.2B | $924.4M | $678.0M |
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How much revenue does CM.TO generate?
Canadian Imperial Bank of Commerce (CM.TO) reported $62.01B of revenue in fiscal 2025.
Is CM.TO profitable?
Canadian Imperial Bank of Commerce (CM.TO) reported $8.43B of net income, with a net margin of 13.6%.
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