Canadian Imperial Bank of Commerce (FRA:CAI) Tax Rate % : 21.81% (As of Oct. 2024)

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What is Canadian Imperial Bank of Commerce Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Canadian Imperial Bank of Commerce's Tax Expense for the three months ended in Oct. 2024 was €350 Mil. Canadian Imperial Bank of Commerce's Pre-Tax Income for the three months ended in Oct. 2024 was €1,606 Mil. Therefore, Canadian Imperial Bank of Commerce's Tax Rate % for the quarter that ended in Oct. 2024 was 21.81%.

Canadian Imperial Bank of Commerce Tax Rate % Historical Data

The historical data trend for Canadian Imperial Bank of Commerce's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Canadian Imperial Bank of Commerce Tax Rate % Chart

Canadian Imperial Bank of Commerce Annual Data

Trend

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

Tax Rate %

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22.45

22.54

21.70

27.74

21.95

Canadian Imperial Bank of Commerce Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Tax Rate %	Get a 7-Day Free Trial															20.42	20.41	18.61	26.40	21.81

Canadian Imperial Bank of Commerce Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Canadian Imperial Bank of Commerce's Tax Rate % for the fiscal year that ended in Oct. 2024 is calculated as

Tax Rate %	=	Tax Expense (A: Oct. 2024 )	/	Pre-Tax Income (A: Oct. 2024 )
	=	1342.601	/	6116.441
	=	21.95 %

Canadian Imperial Bank of Commerce's Tax Rate % for the quarter that ended in Oct. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Oct. 2024 )	/	Pre-Tax Income (Q: Oct. 2024 )
	=	350.331	/	1606.183
	=	21.81 %

Canadian Imperial Bank of Commerce Tax Rate % Related Terms

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Canadian Imperial Bank of Commerce Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Canadian Imperial Bank of Commerce (FRA:CAI) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

CM:USA 0UNI:UK CAI:Germany CM.PR.S.PFD:Canada CM.PR.Q.PFD:Canada CM.PR.P.PFD:Canada CM:Canada

Address

81 Bay Street, CIBC Square, Toronto, ON, CAN, M5J 0E7

Website

https://www.cibc.com

Canadian Imperial Bank of Commerce is Canada's fifth-largest bank and operates three business segments: retail and business banking, wealth management, and capital markets. It serves approximately 11 million personal banking and business customers, primarily in Canada.