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Operating Margin for Commerce Bancshares (CBSH)

As of · Reported

Metric

TTM

34.0%

YoY change

+1.74pp

Trough year (1990)

14.7%

Peak year (2021)

47.7%

Operating Margin history chart for Commerce Bancshares (CBSH) from 1989 to 2025

Latest: 34.2%

Operating Margin change chart for Commerce Bancshares (CBSH) from 1989 to 2025

Latest: +1.74pp

Operating Margin history table for Commerce Bancshares (CBSH) from 1989 to 2025

  • 202534.2%+1.74pp
  • 202432.5%+1.00pp
  • 202331.5%-8.91pp
  • 202240.4%-7.32pp
  • 202147.7%+15.95pp
  • 202031.7%-4.85pp
  • 201936.6%-2.55pp
  • 201839.1%+5.09pp
  • 201734.1%-0.52pp
  • 201634.6%+0.24pp
  • 201534.3%-0.64pp
  • 201435.0%-1.13pp
  • 201336.1%-0.71pp
  • 201236.8%+2.24pp
  • 201134.6%+6.63pp
  • 201028.0%+7.41pp
  • 200920.5%-1.85pp
  • 200822.4%-0.58pp
  • 200723.0%-4.14pp
  • 200627.1%-3.46pp
  • 200530.6%-2.63pp
  • 200433.2%+1.52pp
  • 200331.7%+0.23pp
  • 200231.5%+5.22pp
  • 200126.2%+1.16pp
  • 200025.1%-0.04pp
  • 199925.1%+1.18pp
  • 199823.9%+0.52pp
  • 199723.4%+0.81pp
  • 199622.6%+0.53pp
  • 199522.1%-1.70pp
  • 199423.8%+0.17pp
  • 199323.6%+3.61pp
  • 199220.0%+4.69pp
  • 199115.3%+0.65pp
  • 199014.7%-0.82pp
  • 198915.5%—

Operating Margin values are taken from Commerce Bancshares's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About Operating Margin at Commerce Bancshares (CBSH)

According to Commerce Bancshares's latest reported financial statements, the company's latest reported operating margin is 34.0%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

In 2025, Commerce Bancshares (CBSH) operating margin totalled 34.20% – expanded 1.7 percentage points year-over-year.

The highest annual operating margin of 47.70% was reported in 2021. The lowest in the available history was 14.65% in 1990.

Commerce Bancshares Operating Margin by Year

Commerce Bancshares Operating Margin 2025: 34.2%

Commerce Bancshares operating margin in 2025 was 34.20%, expanded 1.7 percentage points from 2024.

Commerce Bancshares Operating Margin 2024: 32.5%

2024's operating margin for Commerce Bancshares came in at 32.47%, expanded 1.0 percentage points from 2023.

Commerce Bancshares Operating Margin 2023: 31.5%

Commerce Bancshares posted operating margin of 31.47% in 2023, contracted 8.9 percentage points from 2022.

Commerce Bancshares Operating Margin 2022: 40.4%

In 2022, Commerce Bancshares reported operating margin of 40.38%, contracted 7.3 percentage points from 2021.

Commerce Bancshares Operating Margin 2021: 47.7%

Commerce Bancshares operating margin in 2021 was 47.70%.

See more financial history for Commerce Bancshares (CBSH).

Sector peers by Operating Margin

Financial Services peers of Commerce Bancshares (CBSH), ranked by their latest operating margin

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Commerce Bancshares (CBSH) Key Financials

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