Commonwealth Bank of Australia (CBA) Q3 2025 TU earnings summary

Executive summary

• Unaudited cash NPAT was $2.6 billion, flat on 1H25 quarterly average and up 6% year-over-year.

• Operating income rose 1% due to lending volume growth and higher trading income, offset by two fewer days in the quarter.

• Operating expenses increased 1%, mainly from higher investment in technology and frontline staff, partially offset by productivity initiatives.

• Loan impairment expense was $223 million, with slight increases in collective and individual provisions; credit quality remains sound despite higher arrears.

• $3.8 billion in dividends paid during the quarter, benefiting over 13 million Australians via superannuation.

Financial highlights

• Operating income: $7,049 million, up 1% sequentially and 6% year-over-year.

• Operating expenses: $3,186 million, up 1% sequentially and 5% year-over-year.

• Cash NPAT: $2,566 million, flat sequentially and up 6% year-over-year.

• Loan impairment expense: $223 million, or 9bps of average GLAA.

• CET1 (Level 2) ratio: 11.9%, up 45bps before dividend payment.

Outlook and guidance

• Heightened global geopolitical and macroeconomic risks could slow the domestic economy, but Australia is positioned to navigate challenges.

• Focus remains on supporting customers, disciplined execution, and sustainable shareholder returns.