CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ (CM) financial statements: income statement, balance sheet and cash flow

CANADIAN IMPERIAL BANK OF COMMERCE /CAN/'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Oct 31, 2025 · FY), CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ reported revenue of $29.1B (+13.8% year on year) and net income of $8.5B (+18.2% year on year).

Income statement

CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ income statement, fiscal years
Line itemOct 31, 2025 · FYOct 31, 2024 · FYOct 31, 2023 · FYOct 31, 2022 · FY
Loans$32.1B$33.9B$30.2B$16.9B
Securities$9.0B$9.6B$7.3B$3.4B
Securities borrowed or purchased under resale agreements$5.3B$5.8B$4.6B$1.2B
Deposits with banks and other$2.4B$2.9B$2.9B$708.0M
Interest income$48.8B$52.2B$45.0B$22.2B
Deposits$25.1B$30.5B$26.6B$7.9B
Securities sold short$565.0M$625.0M$408.0M$380.0M
Securities lent or sold under repurchase agreements$6.5B$6.3B$4.3B$943.0M
Subordinated indebtedness$407.0M$510.0M$458.0M$203.0M
Other$389.0M$545.0M$412.0M$125.0M
Interest expense$33.0B$38.5B$32.2B$9.5B
Net interest income$15.8B$13.7B$12.8B$12.6B
Underwriting and advisory fees$915.0M$707.0M$519.0M$557.0M
Deposit and payment fees$996.0M$958.0M$924.0M$880.0M
Credit fees$1.0B$1.2B$1.4B$1.3B
Card fees$402.0M$414.0M$379.0M$437.0M
Investment management and custodial fees$2.2B$2.0B$1.8B$1.8B
Mutual fund fees$2.0B$1.8B$1.7B$1.8B
Income from insurance activities, net$317.0M$356.0M——
Commissions on securities transactions$554.0M$431.0M$338.0M$378.0M
Gains (losses) from financial instruments measured/designated at fair value through profit or loss (FVTPL), net$4.0B$3.2B$2.3B$1.2B
Gains (losses) from debt securities measured at fair value through other comprehensive income (FVOCI) and amortized cost, net($14.0M)$43.0M$83.0M$35.0M
Foreign exchange other than trading (FXOTT)$369.0M$386.0M$360.0M$242.0M
Income from equity-accounted associates and joint ventures (Note 24)$117.0M$79.0M$30.0M$47.0M
Other$411.0M$317.0M$285.0M$271.0M
Non-interest income$13.4B$11.9B$10.5B$9.2B
Total revenue$29.1B$25.6B$23.3B$21.8B
Provision for credit losses (Note 5)$2.3B$2.0B$2.0B$1.1B
Employee compensation and benefits$9.3B$8.3B$7.5B$7.2B
Occupancy costs$847.0M$830.0M$823.0M$853.0M
Computer, software and office equipment$2.9B$2.7B$2.5B$2.3B
Communications$395.0M$362.0M$364.0M$352.0M
Advertising and business development$398.0M$344.0M$304.0M$334.0M
Professional fees$284.0M$257.0M$245.0M$313.0M
Business and capital taxes$124.0M$128.0M$124.0M$123.0M
Other (Notes 3 and 8)$1.6B$1.5B$2.5B$1.4B
Non-interest expenses$15.9B$14.4B$14.3B$12.8B
Income before income taxes$10.9B$9.2B$7.0B$8.0B
Income taxes (Note 18)$2.5B$2.0B$1.9B$1.7B
Net income$8.5B$7.2B$5.0B$6.2B
Net income attributable to non-controlling interests$25.0M$39.0M$38.0M$23.0M
Preferred shareholders and other equity instrument holders$364.0M$263.0M$267.0M$171.0M
Common shareholders$8.1B$6.9B$4.7B$6.0B
Net income attributable to equity shareholders$8.4B$7.1B$5.0B$6.2B
Basic$8.62$7.29$5.16$6.70
CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ income statement, quarters
Line itemJul 31, 2026 · YTDApr 30, 2026 · YTDJan 31, 2026 · Q1Jul 31, 2025 · YTD
Loans$23.8B$15.7B$7.9B$24.0B
Securities$6.7B$4.3B$2.1B$6.8B
Securities borrowed or purchased under resale agreements$3.9B$2.5B$1.3B$4.0B
Deposits with banks and other$1.4B$941.0M$488.0M$1.8B
Interest income$35.8B$23.4B$11.8B$36.7B
Deposits$16.6B$10.9B$5.6B$19.1B
Securities sold short$518.0M$306.0M$133.0M$424.0M
Securities lent or sold under repurchase agreements$4.9B$3.2B$1.6B$4.9B
Subordinated indebtedness$256.0M$175.0M$88.0M$314.0M
Other$308.0M$195.0M$91.0M$289.0M
Interest expense$22.6B$14.8B$7.5B$25.0B
Net interest income$13.2B$8.7B$4.3B$11.6B
Underwriting and advisory fees$814.0M$570.0M$297.0M$670.0M
Deposit and payment fees$716.0M$481.0M$249.0M$744.0M
Credit fees$864.0M$549.0M$285.0M$746.0M
Card fees$292.0M$195.0M$112.0M$307.0M
Investment management and custodial fees$1.9B$1.2B$611.0M$1.6B
Mutual fund fees$1.7B$1.1B$558.0M$1.5B
Income from insurance activities, net$247.0M$167.0M$85.0M$236.0M
Commissions on securities transactions$499.0M$323.0M$160.0M$394.0M
Gains (losses) from financial instruments measured/designated at fair value through profit or loss (FVTPL), net$3.8B$2.6B$1.4B$3.0B
Gains (losses) from debt securities measured at fair value through other comprehensive income (FVOCI) and amortized cost, net$112.0M$75.0M$42.0M($3.0M)
Foreign exchange other than trading (FXOTT)$271.0M$196.0M$114.0M$283.0M
Income (loss) from equity-accounted associates and joint ventures$154.0M$116.0M$77.0M$91.0M
Other$309.0M$221.0M$118.0M$290.0M
Non-interest income$11.6B$7.8B$4.1B$9.9B
Total revenue$24.8B$16.4B$8.4B$21.6B
Provision for credit losses (Note 5)$1.7B$1.2B$568.0M$1.7B
Employee compensation and benefits$7.9B$5.2B$2.6B$6.9B
Occupancy costs$634.0M$418.0M$212.0M$607.0M
Computer, software and office equipment$2.3B$1.5B$734.0M$2.1B
Communications$297.0M$201.0M$98.0M$299.0M
Advertising and business development$308.0M$201.0M$94.0M$277.0M
Professional fees$268.0M$168.0M$88.0M$196.0M
Business and capital taxes$88.0M$59.0M$32.0M$93.0M
Other (Note 12)$1.4B$792.0M$434.0M$1.2B
Non-interest expenses$13.2B$8.5B$4.3B$11.7B
Income before income taxes$9.8B$6.7B$3.5B$8.1B
Income taxes$1.8B$1.1B$401.0M$1.9B
Net income$8.0B$5.6B$3.1B$6.3B
Net income attributable to non-controlling interests$25.0M$15.0M$7.0M$19.0M
Preferred shareholders and other equity instrument holders$348.0M$220.0M$106.0M$248.0M
Common shareholders$7.6B$5.3B$3.0B$6.0B
Net income attributable to equity shareholders$7.9B$5.5B$3.1B$6.3B
Basic$8.28$5.79$3.23$6.41

Balance sheet

CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ balance sheet, fiscal years
Line itemOct 31, 2025 · FYOct 31, 2024 · FYOct 31, 2023 · FYOct 31, 2022 · FY
Cash and non-interest-bearing deposits with banks$12.4B$8.6B$20.8B$31.5B
Interest-bearing deposits with banks$31.6B$39.5B$34.9B$32.3B
Securities (Note 4)$283.2B$254.3B$211.3B$175.9B
Cash collateral on securities borrowed$21.7B$17.0B$14.7B$15.3B
Securities purchased under resale agreements$86.7B$83.7B$80.2B$69.2B
Residential mortgages$287.0B$280.7B$274.2B$269.7B
Personal$47.9B$46.7B$45.6B$45.4B
Credit card$21.6B$20.6B$18.5B$16.5B
Business and government$237.4B$214.3B$194.9B$188.5B
Allowance for credit losses($4.4B)($3.9B)($3.9B)($3.1B)
Total loans$589.5B$558.3B$529.3B$517.1B
Derivative instruments (Note 12)$38.4B$36.4B$33.2B$43.0B
Property and equipment (Note 7)$3.4B$3.4B$3.3B$3.4B
Goodwill (Note 8)$5.5B$5.4B$5.4B$5.3B
Software and other intangible assets (Note 8)$2.9B$2.8B$2.7B$2.6B
Investments in equity-accounted associates and joint ventures (Note 24)$808.0M$785.0M$669.0M$632.0M
Deferred tax assets (Note 18)$1.0B$821.0M$629.0M$480.0M
Other assets (Note 9)$39.8B$30.9B$27.7B$35.2B
Other miscellaneous assets$91.8B$80.5B$84.5B$102.2B
Total assets$1.1T$1.0T$975.7B$943.6B
Personal$258.1B$252.9B$239.0B$232.1B
Business and government$457.3B$435.5B$412.6B$397.2B
Bank$26.7B$20.0B$22.3B$22.5B
Secured borrowings$66.0B$56.5B$49.5B$45.8B
Deposits$808.1B$764.9B$723.4B$697.6B
Obligations related to securities sold short$24.2B$21.6B$18.7B$15.3B
Cash collateral on securities lent$6.0B$8.0B$8.1B$4.9B
Obligations related to securities sold under repurchase agreements$130.0B$110.2B$87.1B$77.2B
Derivative instruments (Note 12)$41.4B$40.7B$41.3B$52.3B
Deferred tax liabilities (Note 18)$47.0M$49.0M$40.0M$45.0M
Other liabilities (Note 11)$34.8B$30.2B$26.6B$28.1B
Other miscellaneous liabilities$76.3B$70.9B$78.8B$92.0B
Subordinated indebtedness (Note 14)$7.8B$7.5B$6.5B$6.3B
Total liabilities$1.1T———
Issued shares (Note 15)23.2B22.0B21.0B19.6B
Contributed surplus$226.0M$159.0M$109.0M$115.0M
Retained earnings$36.5B$33.5B$30.4B$28.8B
Accumulated other comprehensive income (AOCI)$4.2B$3.1B$1.5B$1.6B
Total shareholders' equity$64.1B$58.7B$53.0B$50.2B
Non-controlling interests$284.0M$272.0M$232.0M$201.0M
Total equity$64.4B$59.0B$53.2B$50.4B
Total liabilities and equity$1.1T$1.0T$975.7B$943.6B
CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ balance sheet, quarters
Line itemJul 31, 2026Apr 30, 2026Jan 31, 2026Jul 31, 2025
Cash and non-interest-bearing deposits with banks$15.3B$16.8B$11.0B$19.1B
Interest-bearing deposits with banks$42.2B$36.7B$36.8B$36.1B
Securities (Note 4)$303.7B$303.2B$285.9B$275.0B
Cash collateral on securities borrowed$23.7B$25.1B$23.8B$21.7B
Securities purchased under resale agreements$89.5B$90.9B$85.9B$86.2B
Residential mortgages$290.5B$289.0B$287.6B$285.9B
Personal$48.6B$48.1B$47.7B$47.3B
Credit card$22.5B$21.9B$21.2B$21.3B
Business and government$254.4B$246.4B$240.4B$231.4B
Allowance for credit losses($4.6B)($4.5B)($4.4B)($4.3B)
Total loans$611.4B$601.0B$592.5B$581.6B
Derivative instruments$36.4B$34.9B$38.2B$34.6B
Property and equipment$3.6B$3.5B$3.4B$3.3B
Goodwill$5.4B$5.3B$5.3B$5.4B
Software and other intangible assets$2.9B$2.9B$2.9B$2.8B
Investments in equity-accounted associates and joint ventures$1.3B$837.0M$805.0M$772.0M
Deferred tax assets$1.2B$1.1B$877.0M$933.0M
Other assets$41.1B$38.3B$45.1B$34.7B
Other miscellaneous assets$92.0B$86.8B$96.6B$82.5B
Total assets$1.2T$1.2T$1.1T$1.1T
Personal$261.9B$261.4B$258.9B$256.1B
Business and government$500.7B$480.4B$466.4B$448.9B
Bank$32.3B$30.7B$27.6B$27.1B
Secured borrowings$57.2B$60.2B$63.0B$60.6B
Deposits$852.2B$832.8B$815.9B$792.7B
Obligations related to securities sold short$23.6B$21.6B$20.8B$20.8B
Cash collateral on securities lent$11.0B$10.2B$8.7B$5.3B
Obligations related to securities sold under repurchase agreements$138.7B$144.0B$138.7B$145.7B
Derivative instruments$41.1B$41.7B$41.7B$36.6B
Deferred tax liabilities$43.0M$49.0M$52.0M$47.0M
Other liabilities$36.8B$37.4B$33.4B$30.6B
Other miscellaneous liabilities$78.0B$79.2B$75.1B$67.2B
Subordinated indebtedness (Note 7)$6.8B$6.7B$7.8B$7.7B
Total liabilities$1.1T$1.1T$1.1T—
Issued shares24.7B24.1B24.1B23.5B
Contributed surplus$363.0M$311.0M$252.0M$175.0M
Retained earnings$38.4B$38.2B$37.6B$35.7B
Accumulated other comprehensive income (AOCI)$3.8B$3.1B$3.3B$3.2B
Total shareholders' equity$67.2B$65.7B$65.3B$62.6B
Non-controlling interests$295.0M$291.0M$289.0M$277.0M
Total equity$67.5B$66.0B$65.6B$62.9B
Total liabilities and equity$1.2T$1.2T$1.1T$1.1T

Cash flow statement

CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ cash flow statement, fiscal years
Line itemOct 31, 2025 · FYOct 31, 2024 · FYOct 31, 2023 · FYOct 31, 2022 · FY
Net income$8.5B$7.2B$5.0B—
Provision for credit losses$2.3B$2.0B$2.0B—
Amortization and impairment$1.2B$1.2B$1.1B—
Stock options and restricted shares expense20.0M16.0M13.0M—
Deferred income taxes($257.0M)($244.0M)($87.0M)—
Losses (gains) from debt securities measured at FVOCI and amortized cost$14.0M($43.0M)($83.0M)—
Net losses (gains) on disposal of property and equipment($2.0M)($1.0M)($3.0M)—
Other non-cash items, net($16.0M)($1.8B)$1.8B—
Interest-bearing deposits with banks$7.9B($4.6B)($2.6B)—
Loans, net of repayments($33.4B)($28.9B)($14.3B)—
Deposits, net of withdrawals$37.2B$34.5B$17.0B—
Obligations related to securities sold short$2.6B$3.0B$3.4B—
Accrued interest receivable$44.0M($711.0M)($1.3B)—
Accrued interest payable($983.0M)$452.0M$2.5B—
Derivative assets($1.9B)($3.2B)$9.8B—
Derivative liabilities$328.0M($813.0M)($10.4B)—
Securities measured at FVTPL($22.8B)($23.3B)($15.4B)—
Other assets and liabilities measured/designated at FVTPL$5.1B$3.4B$8.3B—
Current income taxes($489.0M)($257.0M)$361.0M—
Cash collateral on securities lent($2.0B)($84.0M)$3.2B—
Obligations related to securities sold under repurchase agreements$19.9B$23.0B$9.3B—
Cash collateral on securities borrowed($4.7B)($2.4B)$675.0M—
Securities purchased under resale agreements($3.0B)($3.5B)($11.0B)—
Other, net($1.7B)$6.4B$2.6B—
Net cash flows provided by (used in) operating activities$13.8B$11.1B$12.2B—
Issue of subordinated indebtedness$1.3B$2.3B$1.8B—
Redemption/repurchase/maturity of subordinated indebtedness($1.1B)($1.5B)($1.5B)—
Issue of preferred shares and LRCNs, net of issuance cost2.8B996.0M——
Redemption of preferred shares and LRCNs-1.4B-975.0M——
Issue of common shares for cash158.0M312.0M183.0M—
Purchase of common shares for cancellation-1.7B-419.0M——
Net sale (purchase) of treasury shares4.0M-4.0M——
Dividends and distributions paid($4.0B)($2.9B)($2.3B)—
Repayment of lease liabilities($309.0M)($287.0M)($331.0M)—
Other, net($29.0M)———
Net cash flows provided by (used in) financing activities($4.3B)($2.6B)($2.2B)—
Purchase of securities measured/designated at FVOCI and amortized cost($98.4B)($76.5B)($79.5B)—
Proceeds from sale of securities measured/designated at FVOCI and amortized cost$46.3B$29.8B$26.9B—
Proceeds from maturity of debt securities measured at FVOCI and amortized cost$47.4B$27.1B$32.8B—
Net sale (purchase) of property, equipment, software and other intangible assets($1.1B)($1.1B)($1.0B)—
Net cash flows provided by (used in) investing activities($5.8B)($20.8B)($20.8B)—
Effect of exchange rate changes on cash and non-interest-bearing deposits with banks$63.0M$22.0M$49.0M—
Net increase (decrease) in cash and non-interest-bearing deposits with banks during the year$3.8B($12.3B)($10.7B)—
Cash and non-interest-bearing deposits with banks at beginning of year$8.6B$20.8B$31.5B—
Cash and non-interest-bearing deposits with banks at end of year$12.4B$8.6B$20.8B$31.5B
CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ cash flow statement, quarters
Line itemJul 31, 2026 · YTDApr 30, 2026 · YTDJan 31, 2026Jul 31, 2025 · YTD
Net income$8.0B$5.6B—$6.3B
Provision for credit losses$1.7B$1.2B—$1.7B
Amortization and impairment$1.0B$603.0M—$854.0M
Stock options and restricted shares expense30.0M19.0M—11.0M
Deferred income taxes($232.0M)($52.0M)—($136.0M)
Losses (gains) from debt securities measured at FVOCI and amortized cost($112.0M)($75.0M)—$3.0M
Net losses (gains) on disposal of property and equipment($1.0M)($1.0M)—($2.0M)
Other non-cash items, net$544.0M$541.0M—$246.0M
Interest-bearing deposits with banks($10.5B)($5.1B)—$3.4B
Loans, net of repayments($23.9B)($12.9B)—($24.9B)
Deposits, net of withdrawals$40.3B$22.0B—$24.0B
Obligations related to securities sold short($611.0M)($2.6B)—($815.0M)
Accrued interest receivable$349.0M$97.0M—$416.0M
Accrued interest payable($66.0M)($140.0M)—($1.0B)
Derivative assets$2.0B$3.4B—$1.8B
Derivative liabilities($415.0M)$133.0M—($4.3B)
Securities measured at FVTPL($11.8B)($15.0B)—($16.1B)
Other assets and liabilities measured/designated at FVTPL$5.4B$3.7B—$3.2B
Current income taxes($107.0M)($295.0M)—($489.0M)
Cash collateral on securities lent$5.0B$4.2B—($2.7B)
Obligations related to securities sold under repurchase agreements$8.7B$14.0B—$35.5B
Cash collateral on securities borrowed($2.0B)($3.4B)—($4.7B)
Securities purchased under resale agreements($2.8B)($4.2B)—($2.5B)
Other, net($2.1B)$2.3B—($1.9B)
Net cash flows provided by (used in) operating activities$18.4B$14.1B—$18.1B
Redemption/repurchase/maturity of subordinated indebtedness($1.0B)($1.0B)—($1.1B)
Issue of preferred shares and LRCNs, net of issuance cost1.7B966.0M—2.3B
Issue of common shares for cash202.0M161.0M—123.0M
Purchase of common shares for cancellation-3.1B-1.9B—-1.3B
Net sale (purchase) of treasury shares-3.0M-2.0M—-1.0M
Dividends and distributions paid($3.3B)($2.2B)—($3.0B)
Repayment of lease liabilities($228.0M)($145.0M)—($235.0M)
Other, net($52.0M)($31.0M)—($22.0M)
Net cash flows provided by (used in) financing activities($5.8B)($4.1B)—($2.6B)
Purchase of securities measured/designated at FVOCI and amortized cost, and associates($93.9B)($66.9B)—($68.1B)
Proceeds from sale of securities measured/designated at FVOCI and amortized cost$37.2B$28.7B—$34.0B
Proceeds from maturity of debt securities measured at FVOCI and amortized cost$47.9B$33.3B—$29.7B
Net sale (purchase) of property, equipment and software($868.0M)($566.0M)—($721.0M)
Net cash flows provided by (used in) investing activities($9.6B)($5.4B)—($5.1B)
Effect of exchange rate changes on cash and non-interest-bearing deposits with banks($9.0M)($92.0M)—$20.0M
Net increase (decrease) in cash and non-interest-bearing deposits with banks during the period$2.9B$4.4B—$10.5B
Cash and non-interest-bearing deposits with banks at beginning of period$12.4B$12.4B—$8.6B
Cash and non-interest-bearing deposits with banks at end of period$15.3B$16.8B$11.0B$19.1B
Cash interest paid$22.7B$14.9B—$26.0B
Cash interest received$34.8B$22.7B—$35.7B

CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.