Commonwealth Bank of Australia Past Earnings Performance

Past criteria checks 2/6

Commonwealth Bank of Australia has been growing earnings at an average annual rate of 6.4%, while the Banks industry saw earnings growing at 10.3% annually. Revenues have been growing at an average rate of 4.7% per year. Commonwealth Bank of Australia's return on equity is 13%, and it has net margins of 36.3%.

Key information

6.4%

Earnings growth rate

7.8%

EPS growth rate

Banks Industry Growth	7.9%
Revenue growth rate	4.7%
Return on equity	13.0%
Net Margin	36.3%
Next Earnings Update	12 Feb 2025

Recent past performance updates

Recent updates

Commonwealth Bank of Australia (ASX:CBA) Will Pay A Larger Dividend Than Last Year At A$2.50

Aug 16

Analyst Estimates: Here's What Brokers Think Of Commonwealth Bank of Australia (ASX:CBA) After Its Full-Year Report

Aug 15

Revenue & Expenses Breakdown

How Commonwealth Bank of Australia makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

ASX:CBA Revenue, expenses and earnings (AUD Millions)
Date	Revenue	Earnings	G+A Expenses
30 Jun 24	26,119	9,481	10,875
31 Mar 24	26,073	9,586	10,818
31 Dec 23	26,128	9,782	10,811
30 Sep 23	26,278	9,985	10,748
30 Jun 23	26,326	10,096	10,633
31 Mar 23	26,300	10,055	10,413
31 Dec 22	26,454	10,175	10,278
30 Sep 22	25,840	9,924	10,166
30 Jun 22	25,135	9,592	10,011
31 Mar 22	24,827	9,749	9,906
31 Dec 21	25,068	9,825	10,102
30 Sep 21	24,520	9,334	9,998
30 Jun 21	23,652	8,843	9,722
31 Mar 21	22,501	7,769	9,891
31 Dec 20	21,213	6,695	9,548
30 Sep 20	21,357	7,042	9,315
30 Jun 20	21,408	7,388	9,251
31 Dec 19	22,131	7,966	8,821
30 Sep 19	22,218	8,028	8,960
30 Jun 19	22,304	8,042	9,150
31 Mar 19	22,940	8,617	9,340
31 Dec 18	23,024	8,874	9,208
30 Sep 18	23,421	8,966	9,145
30 Jun 18	23,240	8,729	8,751
31 Dec 17	24,425	9,689	9,201
30 Sep 17	24,358	9,728	9,189
30 Jun 17	23,388	9,458	8,608
31 Mar 17	24,245	9,643	9,282
31 Dec 16	23,726	9,417	9,157
30 Sep 16	23,524	9,295	9,248
30 Jun 16	22,361	8,895	8,922
31 Mar 16	23,265	9,122	9,304
31 Dec 15	23,207	9,091	9,250
30 Sep 15	22,944	9,051	9,116
30 Jun 15	22,680	9,001	8,992
31 Mar 15	22,425	8,962	8,874
31 Dec 14	22,170	8,913	8,765
30 Sep 14	21,870	8,750	8,611
30 Jun 14	21,570	8,586	8,456
31 Mar 14	21,192	8,349	12,477
31 Dec 13	20,813	8,191	186

Quality Earnings: CBA has high quality earnings.

Growing Profit Margin: CBA's current net profit margins (36.3%) are lower than last year (38.3%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: CBA's earnings have grown by 6.4% per year over the past 5 years.

Accelerating Growth: CBA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CBA had negative earnings growth (-6.1%) over the past year, making it difficult to compare to the Banks industry average (-8.2%).

Return on Equity

High ROE: CBA's Return on Equity (13%) is considered low.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/19 14:24
End of Day Share Price	2024/12/19 00:00
Earnings	2024/06/30
Annual Earnings	2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Commonwealth Bank of Australia is covered by 36 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Brett Le Mesurier	Axiome Equities
Russell Wright	Barclay Pearce Capital Pty Limited
Craig Stafford	Barrenjoey Markets Pty Limited

Commonwealth Bank of Australia Past Earnings Performance

Past criteria checks 2/6

Key information

Recent past performance updates

Full year 2024 earnings: Revenues and EPS in line with analyst expectations

First half 2024 earnings: EPS misses analyst expectations

Commonwealth Bank of Australia to Report Q2, 2024 Results on Feb 14, 2024

Full year 2023 earnings released: EPS: AU$6.32 (vs AU$5.62 in FY 2022)

Commonwealth Bank of Australia Reports Loan Impairment Expense for the Third Quarter Ended March 31, 2023

First half 2023 earnings: EPS misses analyst expectations

Recent updates

Commonwealth Bank of Australia Appoints Luke Yeaman as its new chief economist and head of Global Economic and Markets Research

Now 20% overvalued after recent price rise

Commonwealth Bank of Australia Announces Executive Leadership Team Changes

Insufficient new directors

CEO, MD & Executive Director recently sold AU$1.5m worth of stock

Commonwealth Bank of Australia Announces Board Changes

CEO, MD & Executive Director exercised options and sold AU$1.6m worth of stock

CEO, MD & Executive Director recently sold AU$2.6m worth of stock

Commonwealth Bank of Australia (ASX:CBA) Will Pay A Larger Dividend Than Last Year At A$2.50

Final dividend increased to AU$2.50

Analyst Estimates: Here's What Brokers Think Of Commonwealth Bank of Australia (ASX:CBA) After Its Full-Year Report

Full year 2024 earnings: Revenues and EPS in line with analyst expectations

Commonwealth Bank of Australia, Annual General Meeting, Oct 15, 2025

Now 20% overvalued after recent price rise

PT Bank OCBC NISP Tbk (IDX:NISP) completed the acquisition of 99% stake in PT Bank Commonwealth from Commonwealth Bank of Australia (ASX:CBA).

Now 20% overvalued

Now 21% overvalued after recent price rise

Now 20% overvalued after recent price rise

First half dividend of AU$2.15 announced

Now 21% overvalued after recent price rise

First half 2024 earnings: EPS misses analyst expectations

Matt Comyn Resigns from Commonwealth Bank as Deputy CEO

PT Bank OCBC NISP Tbk (IDX:NISP) entered into a binding agreement to acquire 99% stake in PT Bank Commonwealth from Commonwealth Bank of Australia (ASX:CBA) for AUD 220 million.

Commonwealth Bank of Australia Announces Appointment of Rebecca Warren as Executive General Manager

Commonwealth Bank of Australia Announces Resignation of Genevieve Bell AO from the Board, Effective 31 October 2023

Commonwealth Bank of Australia Announces Federal Court of Australia Approves Consumer Credit Insurance Class Action Settlement

Commonwealth Bank of Australia Announces Company Secretary Changes

Commonwealth Bank of Australia Announces a Final Dividend, Payable on or Around 28 September 2023

Commonwealth Bank of Australia to Report Q2, 2024 Results on Feb 14, 2024

Full year 2023 earnings released: EPS: AU$6.32 (vs AU$5.62 in FY 2022)

Commonwealth Bank of Australia (ASX:CBA) announces an Equity Buyback for AUD 1,000 million worth of its shares.

Commonwealth Bank Appoints Rodrigo Castillo as Chief Technology Officer

Commonwealth Bank of Australia Reports Loan Impairment Expense for the Third Quarter Ended March 31, 2023

Independent Non-Executive Chairman recently bought AU$102k worth of stock

First half 2023 earnings: EPS misses analyst expectations

Commonwealth Bank of Australia Announces Dividend for the Six Months Ended December 31, 2022, Payable on March 30, 2023

Commonwealth Bank of Australia Announces Resignation of Suzannah Fletcher as Company Secretary

Independent Non-Executive Director recently bought AU$230k worth of stock

Commonwealth Bank of Australia Appoints Managing Directors to Institutional Banking Markets

Tyro Payments in Takeover Talks with Selected Parties

Hollard Insurance Company Pty Ltd completed the acquisition of CommInsure General Insurance Business from Commonwealth Bank of Australia (ASX:CBA).

Now 20% undervalued

Commonwealth Bank of Australia Announces Executive Changes

Commonwealth Bank of Australia Announces Executive Changes

Independent Non-Executive Chairman recently bought AU$130k worth of stock

Independent Non-Executive Director recently bought AU$198k worth of stock

Commonwealth Bank of Australia Announces Executive Changes

Full year 2022 earnings: EPS misses analyst expectations

Commonwealth Bank of Australia Announces Final Dividend, Payable on or Around 29 September 2022

Commonwealth Bank of Australia Announces Appointment of Suzannah Fletcher as an Additional Company Secretary

Hangzhou City Construction Investment Group Limited and Hangzhou Communications Investment Group Co., Ltd. completed the acquisition of 10% stake in Bank of Hangzhou Co., Ltd. (SHSE:600926) from Commonwealth Bank of Australia (ASX:CBA).

Commonwealth Bank of Australia Announces Distribution on CBAPD - CAP NOTE 3-BBSW+2.80% PERP NON-CUM RED T-12-22 for the Quarter Ended September 15, 2022, Payable on September 15, 2022

Commonwealth Bank Announces Executive Changes

Westpac Banking Corporation Reportedly Takes Receipt of Indicative Bids for Its Investment Platform Business

Commonwealth Bank of Australia Announces Ordinary Fully Franked Distribution on CBAPJ - CAP Note 3-BBSW+2.75% PERP NON-CUM RED T-06-29 for the Quarter Ending June 15, 2022, Payable on June 15, 2022

CEO, MD & Executive Director recently sold AU$1.4m worth of stock

Commonwealth Bank of Australia Announces Change of Company Secretary, Effective March 3, 2022

Hangzhou City Construction Investment Group Limited and Hangzhou Communications Investment Group Co., Ltd. entered into a binding sale agreement to acquire 10% stake in Bank of Hangzhou Co., Ltd. (SHSE:600926) from Commonwealth Bank of Australia (ASX:CBA) for approximately AUD 1.8 billion.

Commonwealth Bank of Australia (ASX:CBA) announces an Equity Buyback.

First half 2022 earnings: EPS and revenues exceed analyst expectations

Commonwealth Bank of Australia Announces Ordinary Dividend for the Six Months Ended December 31, 2021, Payable on March 30, 2022

AREAP Core I Fund managed by Allianz Real Estate Asia Pacific and National Pension Service entered into definitive agreement to acquire a 50% stake in Marquee Commonwealth Bank Place Asset in Sydney from Commonwealth Bank of Australia (ASX:CBA) for approximately $445 million.

KKR & Co. Inc. (NYSE:KKR) acquired 55% stake in Colonial First State Investments Limited from Commonwealth Bank of Australia (ASX:CBA)

High number of new directors

Group Company Secretary Kara-Lyn Nicholls has left the company

High number of new directors

Full year 2021 earnings released: EPS AU$4.99 (vs AU$4.22 in FY 2020)

Hollard Holdings Australia Pty Ltd agreed to acquire Commonwealth Insurance Limited.

The Hollard Insurance Company Pty Ltd entered into an agreement to acquire CommInsure General Insurance Business from Commonwealth Bank of Australia (ASX:CBA) for AUD 630 million.