Commerce Bancshares, Inc.

CBSH Financial Banks Regional

Commerce Bancshares, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.1 billion, up 2.23% from fiscal 2024.

Revenue
+8.97%
EPS
+1.89%
Free cash flow
+68.3%
Total debt
+74.4%

Quarter to September 2026, against a year earlier

55.23 0.93 −1.66%
Market cap
$7.8B
P/E
13.3×
Fwd P/E
13.0×
Dividend yield
1.97%
F-score
8/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Commerce Bancshares, Inc. (CBSH) Gross margin

Alert me on Gross margin

Commerce Bancshares, Inc.'s gross margin over the twelve months to 30 September 2026 was 83.9%, up 1.3 percentage points from fiscal 2025 (82.6%). Over the past ten years it has ranged from 79.5% (fiscal 2024) to 99.1% (fiscal 2021); the current reading is higher than 27% of that period. That is above the Banks Regional industry median of 69.8% and above the Financial sector median of 70.1%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 82.6% 3.13
FY2024 79.5% (1.05)
FY2023 80.5% (15.83)
FY2022 96.4% (2.74)
FY2021 99.1% 2.19
FY2020 96.9% 4.04
FY2019 92.9% (2.42)
FY2018 95.3% (1.24)
FY2017 96.5% (0.61)
FY2016 97.2% (0.33)

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 84.2% (0.57)
Jun 2026 84.7% 1.28
Mar 2026 83.5% 0.12
Dec 2025 83.3% 0.74
43 more quarters

Against its own ten years

Low 79.5% High 99.1%
Ten-year median 96.4%
Current reading's percentile 28

Gross margin against peers

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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