Commonwealth Bank
Financial Performance
Commonwealth Bank Revenue & Financials
Revenue
~$17.5B (FY2024)
Market Cap
$240B
Net Income
~$6.1B
Employees
53,000
What is Commonwealth Bank's revenue?
Commonwealth Bank had ~$17.5B in revenue for fiscal year 2024, down 0.1% from 2023. Net income was ~$6.1B.
- Latest revenue
- ~$17.5B (FY2024)
- Year-over-year
- -0.1%
- Growth rate (CAGR)
- 1.5% over 9 years
- Peak revenue
- ~$17.6B (FY2023)
- Years of data
- 10
- Employees
- 53,000
- How much profit does Commonwealth Bank make?
- Commonwealth Bank reported net income of ~$6.1B for fiscal year 2024.
- How many employees does Commonwealth Bank have?
- Commonwealth Bank has about 53,000 employees.
Financial Analysis
Commonwealth Bank's financial performance highlights its position as Australia's premier cash-generating corporate machine. In fiscal year 2024 (ended June 30, 2024), CBA delivered consolidated operating income of A$27.20 billion and a cash net profit after tax of A$9.84 billion. Net interest margin stood at a resilient 1.99%, demonstrating disciplined loan pricing despite competitive broker discounting. Operating expenses were contained at A$12.2 billion, maintaining an enviable cost-to-income ratio of 44.0%. CommBank's balance sheet is a global fortress: total assets exceeded A$1.25 trillion, supported by A$73.5 billion in shareholders' equity and an APRA Common Equity Tier 1 (CET1) ratio of 12.3% (representing a massive A$7.5 billion buffer above regulatory minimums). Credit quality across its A$550B+ residential mortgage book remains world-class, with home loan arrears past 90 days standing at just 0.65%, supported by conservative loan-to-value ratios and substantial household mortgage offset account buffers.
Revenue Trend Analysis
YoY Change
-0.1%
9-Year CAGR
+1.5%
Peak Year
2023
Trend
Mostly Growing
Commonwealth Bank has 10 full fiscal year figures on this page, compounding at +1.5% annually over 9 years. The most recent year saw a 0.1% decline versus the prior year. Annual revenue peaked in fiscal year 2023 at ~$17.6B. Of 9 comparable year-over-year steps, 6 showed growth and 3 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FY2024 | ~$17.5B | ~$6.1B | -0.1% |
| FY2023 | ~$17.6B | ~$6.6B | +9.4% |
| FY2022 | ~$16.1B | ~$6.2B | +3.1% |
| FY2021 | ~$15.6B | ~$5.7B | +1.7% |
| FY2020 | ~$15.3B | ~$4.8B | -2.7% |
| FY2019 | ~$15.7B | ~$5.5B | -5.8% |
| FY2018 | ~$16.7B | ~$6B | +1.0% |
| FY2017 | ~$16.6B | ~$6.4B | +4.2% |
| FY2016 | ~$15.9B | ~$6B | +3.5% |
| FY2015 | ~$15.4B | ~$5.8B | — |
Click any row to see year details.
Keep researching Commonwealth Bank
Commonwealth Bank Revenue and Financial FAQ
What was Commonwealth Bank's latest reported annual revenue?
In its latest audited financial reporting period, Commonwealth Bank recorded consolidated net revenue of A$27.20B, demonstrating durable revenue growth across its primary operating divisions.
How profitable is Commonwealth Bank?
Commonwealth Bank generates industry-leading profitability, combining disciplined cost management with high gross margins to deliver substantial net earnings and superior return on equity (ROE) throughout changing economic cycles.
What is Commonwealth Bank's capital and liquidity position?
Commonwealth Bank maintains a fortress balance sheet equipped with ample liquid cash reserves, conservative debt leverage, and capital adequacy ratios that provide substantial safety margins above statutory regulatory requirements.
Does Commonwealth Bank distribute capital to shareholders?
Commonwealth Bank executes a disciplined capital allocation strategy that balances internal reinvestment into digital innovation and strategic growth with sustainable ordinary dividends and accretive share repurchase programs.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Commonwealth Bank Revenue & Financials." CorpDigest, https://corpdigest.com/company/commonwealth-bank/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Commonwealth Bank reported ~$17.5B in revenue (FY2024).</strong><br>Source: <a href="https://corpdigest.com/company/commonwealth-bank/financials" target="_blank" rel="noopener">CorpDigest — Commonwealth Bank financials</a></div>Related Financial Audits
Compare revenue, net income, and market cap scale
Explore Commonwealth Bank
Core profile pages, founders and related research hubs for this company.