CFA Exam Results 2026, Release Dates & Pass Rates: The CFA Program exam results are released online by CFA Institute after each examination window. For the August 2026 testing window, Level I results were released on September 24, 2026, while Level II results are scheduled for September 30, 2026, and Level III results for October 20, 2026. CFA Institute says candidates generally receive results within 5–9 weeks after the exam window closes.
Candidates receive a pass or fail result, together with performance information and an overall scale score where applicable. CFA Institute also publishes current and historical CFA exam pass-rate data. Click Here for More Details and Latest Updates
Check CFA Exam Results 2026 Updates
Here are the key 2026 CFA Program results and upcoming release dates:
| Exam Window | CFA Level | Result Release Date | Pass Rate |
|---|---|---|---|
| August 2026 | Level I | September 24, 2026 | 43% |
| August 2026 | Level II | September 30, 2026 | To be announced |
| August 2026 | Level III | October 20, 2026 | To be announced |
| May 2026 | Level I | June 23, 2026 | 39% |
| May 2026 | Level II | June 25, 2026 | 43% |
| February 2026 | Level I | March 19, 2026 | 45% |
| February 2026 | Level III | April 7, 2026 | 50% |
CFA Institute reported that 28,145 candidates sat for the August 2026 Level I examination, with 43% passing. The Institute also confirmed that August Level II results will be released on September 30 and Level III results on October 20. For comparison, 31,566 candidates took Level I in May 2026 and the pass rate was 39%, while 18,111 candidates took Level II and the pass rate was 43%.
In February 2026, the Level III examination had 11,269 candidates, with a reported pass rate of 50%.
When Are CFA Exam Results Released?
CFA Institute states that official results are generally available within 5–9 weeks after the close of an exam window. Candidates receive an email notifying them that their results are available.
The current official schedule for the August 2026 examinations is:
- CFA Level I: September 24, 2026
- CFA Level II: September 30, 2026
- CFA Level III: October 20, 2026
The dates above are the official result-release dates currently published by CFA Institute.
August 2026 CFA Level I Results Released
- CFA Institute released the August 2026 Level I results on September 24, 2026.
- According to the Institute, 28,145 candidates worldwide sat for the examination and 43% passed. Candidates were notified of their results on the release date.
- The August 2026 Level I examination was conducted at 519 proctored computer-based examination venues across 412 cities in 116 markets worldwide, according to CFA Institute.
August 2026 Level II Results Date
Candidates who took the August 2026 CFA Level II examination are scheduled to receive their results on: September 30, 2026
CFA Institute has confirmed the date, while the official August Level II pass rate will be available when the results are reported.
August 2026 Level III Results Date
Candidates who took the August 2026 CFA Level III examination are scheduled to receive their results on: October 20, 2026
The August 2026 Level III pass rate will be reported by CFA Institute with the results announcement.
Level III results involve additional grading procedures because the examination includes constructed-response or essay questions. CFA Institute says that hundreds of CFA charterholders participate in the Level III essay grading process, followed by quality-control and data-review procedures.
How to Check CFA Exam Results 2026
Candidates can access their CFA exam results through their CFA Institute account.
Step 1: Visit the CFA Institute Results Page
Go to the official CFA Institute exam results page: CFA Institute – Exam Results and Pass Rates
Step 2: Sign In
- Use your CFA Institute account credentials to access your candidate profile.
Step 3: Check Your Result
- Once results are released, your account will display your examination outcome.
- Candidates receive a “pass” or “fail” result along with the applicable score-report information. CFA Institute says Level I and Level II candidates receive topic-level performance information; Level III candidates who pass do not receive a detailed score report.
What Does the CFA Result Report Show?
The CFA result report provides information that allows candidates to understand their examination performance.
Depending on the level, the report can include:
- Pass or fail status
- Overall scale score
- Topic-area performance
- Minimum Passing Score (MPS) information
- Score-report information relevant to the examination level
CFA Institute explains that the Minimum Passing Score (MPS) is established for each examination level after an administration, taking examination difficulty and other relevant factors into account.
The exact MPS is not simply published as a fixed number for every examination. CFA Institute uses its standard-setting and equating processes to maintain comparability between different exam administrations.
CFA Practical Skills Module Requirement
Candidates should also pay attention to the Practical Skills Module (PSM) requirement. CFA Institute states that candidates must complete at least one PSM at each level before results are released in order to receive their examination result. If the required PSM is not completed by the results-release date, the exam result is voided and the candidate does not receive a pass or fail result.
For the 2026 program, CFA Institute lists different PSM options across Levels I, II and III, including areas such as financial modeling, Python, analyst skills and portfolio development and construction.
Recent CFA Exam Pass Rates
The CFA Program pass rates can vary considerably between examination windows.
Some recent 2026 results include:
Level I
- February 2026: 45%
- May 2026: 39%
- August 2026: 43%
The August 2026 Level I result was based on 28,145 candidates, while the May 2026 examination had 31,566 candidates.
Level II
- May 2026: 43%
The May 2026 Level II examination had 18,111 candidates, with 43% passing.
Level III
- February 2026: 50%
The February 2026 Level III examination had 11,269 candidates, with 50% passing.
The pass-rate figures can change from one administration to another, so candidates should use the latest CFA Institute announcement when checking the results for a specific exam window.
CFA Exam Historical Pass Rates
CFA Institute also maintains historical examination results dating back to 1963. Its historical data provides pass and did-not-pass percentages across CFA Program examinations over the years.
The official CFA Institute results page also provides access to its latest pass-rate infographic and historical pass-rate resources.
CFA Institute Exam Results and Pass Rates
CFA Exam Results | What Happens After You Pass?
- Candidates who pass a CFA Program level can proceed according to the requirements and progression rules of the CFA Program.
- For example, CFA Institute confirmed that successful August 2026 Level I candidates can progress to Level II of the CFA Program.
- Candidates should check their CFA Institute account and the official program information for registration opportunities and applicable deadlines.
Frequently Asked Questions
When will the August 2026 CFA Level I results be released?
The August 2026 CFA Level I results were released on September 24, 2026. CFA Institute reported a 43% pass rate among 28,145 candidates.
When will August 2026 CFA Level II results be released?
The August 2026 Level II results are scheduled for September 30, 2026.
When will August 2026 CFA Level III results be released?
The August 2026 Level III results are scheduled for October 20, 2026.
How long does it take to receive CFA exam results?
CFA Institute says results are generally released within 5–9 weeks after the examination window closes.
How can I check my CFA result?
Candidates can sign in to their CFA Institute account and access their result once it has been released.
Is the Practical Skills Module required?
Yes. Candidates must complete at least one PSM at each CFA Program level before results are released to receive their examination result.
Is the CFA Minimum Passing Score publicly fixed?
No. CFA Institute establishes the MPS for each examination administration through its standard-setting and equating processes.
Official CFA Exam Results
For the latest result announcements, pass rates and result-release information, candidates should use the official CFA Institute website:
CFA Institute – CFA Exam Results and Pass Rates
Click Here for More Details and Latest Updates
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