September Quarter 2026 Trading Update

• Unaudited statutory NPAT of ~$2.8 billion in Q1 FY27
• Operating income up 3% driven by lending and deposit volume growth
• Loan impairment expense of $300 million, credit quality remains sound

The Commonwealth Bank of Australia (CBA) has released its September Quarter 2026 Trading Update, reporting a strong financial performance for the quarter ended 30 September 2026. The bank achieved an unaudited statutory Net Profit After Tax (NPAT) of approximately $2.8 billion, flat on the second half of FY26 quarterly average and up 8% on the prior comparative quarter. Operating income increased by 3%, driven by lending and deposit volume growth, and the benefit of 1.5 additional days in the quarter, partly offset by lower other operating income primarily due to weaker Markets trading income. The underlying net interest margin remained broadly stable. Operating expenses increased by 3%, primarily due to wage and IT vendor inflation, 1.5 additional days in the quarter, and higher cloud computing volumes and software licensing. Loan impairment expense was $300 million, or 11 basis points of average Gross Loans and Acceptances (GLAA). Credit quality remained sound with a collective provision coverage ratio of 1.35%. The bank maintained strong balance sheet settings, with capital, funding and liquidity ratios remaining well above minimum regulatory requirements.

Unaudited statutory NPAT of ~$2.8 billion in Q1 FY27

CBA remains committed to supporting customers and delivering sustainable outcomes for shareholders, navigating economic conditions with a focus on disciplined execution of its strategy.