Commerce Bancshares, Inc. (CBSH) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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CBSH Revenue Growth
Revenue Breakdown (FY 2022)
CBSH's revenue distribution by segment and geography for fiscal year 2022
By Product/Segment
CBSH Revenue Analysis (2014–2025)
As of May 6, 2026, Commerce Bancshares, Inc. (CBSH) generated trailing twelve-month (TTM) revenue of $2.14 billion, reflecting modest growth of +3.2% year-over-year. The most recent quarter (Q4 2025) recorded $542.8 million in revenue, down 0.1% sequentially.
Looking at the longer-term picture, CBSH's 5-year compound annual growth rate (CAGR) stands at +9.0%, indicating steady revenue expansion. The company achieved its highest annual revenue of $2.14 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows CBSH's business is primarily driven by Commission Income (54%), and Managed Account Services (46%). With over half of revenue concentrated in Commission Income, the company maintains significant focus in this area while developing other growth vectors.
When compared to Financial Services sector peers including WTFC, UMBF, and BOKF. Compare CBSH vs WTFC →
CBSH Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| CBSHCurrent | $2.1B | +3.2% | +9.0% | 34.2% | |
 WTFC | $4.2B | - | - | 26.4% | |
 UMBF | $4.4B | - | - | 20.3% | |
 BOKF | $3.4B | - | - | 19.8% | |
 FULT | $1.9B | - | - | 25.7% | |
 WSFS | $1.4B | - | - | 28.0% |
CBSH Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $2.14B | - | $1.71B | 80.0% | $731.8M | 34.2% |
| 2024 | $2.09B | - | $1.63B | 77.9% | $679.5M | 32.5% |
| 2023 | $1.97B | - | $1.55B | 78.7% | $619.7M | 31.5% |
| 2022 | $1.57B | - | $1.48B | 94.6% | $632.4M | 40.4% |
| 2021 | $1.44B | - | $1.49B | 103.7% | $686.3M | 47.7% |
| 2020 | $1.39B | - | $1.21B | 87.0% | $441.2M | 31.7% |
| 2019 | $1.45B | - | $1.30B | 89.4% | $531.8M | 36.6% |
| 2018 | $1.39B | - | $1.28B | 92.2% | $544.2M | 39.1% |
| 2017 | $1.26B | - | $1.17B | 93.0% | $430.4M | 34.1% |
| 2016 | $1.16B | - | $1.09B | 94.0% | $401.0M | 34.6% |
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Start ComparisonCBSH — Frequently Asked Questions
Quick answers to the most common questions about buying CBSH stock.
Is CBSH's revenue growth accelerating or slowing?
CBSH revenue growth slowed to +3.2%, below the 5-year CAGR of +9.0%. TTM revenue is $2.1B. The deceleration marks a shift from historical growth rates.
What is CBSH's long-term revenue growth rate?
Commerce Bancshares, Inc.'s 5-year revenue CAGR of +9.0% reflects the variable expansion pattern. Current YoY growth of +3.2% is near this long-term average.
How is CBSH's revenue distributed by segment?
CBSH reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.