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When Are CFA Results Released? 2026 Dates

August 2026 CFA results are out: Level I on September 24, Level II September 30, Level III October 20. November 2026 results are expected in January 2027.

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All August 2026 CFA results are out: Level I results were released on September 24, 2026 (43% pass rate), Level II on September 30 (45%), and Level III on October 20 (47%), per CFA Institute's press releases. The next results are for the November 2026 Level I and Level II window, which CFA Institute has not dated yet; the November 2025 window released in mid-January, so January 2027 is the reasonable expectation. CFA Institute does not publish a results calendar in advance. It confirms each date shortly before release, emails every candidate on the day, and posts a press release with the pass rate. Earlier 2026 releases were March 19 (February Level I), April 7 (February Level III), June 23 (May Level I) and June 25 (May Level II).

CFA results dates 2026: the official schedule so far

CFA Institute's guidance is that you will receive an email within 5-9 weeks after the close of your exam window, and the Level I exam page says results are typically available within 5-7 weeks. Here is every release for the 2025-26 cycle, taken from the CFA Institute press room, followed by the windows still ahead.

Exam window Level Results released Pass rate
August 2025 Level I October 7, 2025 43%
August 2025 Level II October 9, 2025 44%
August 2025 Level III October 23, 2025 50%
November 2025 Level I January 13, 2026 43%
November 2025 Level II January 15, 2026 42%
February 2026 Level I March 19, 2026 45%
February 2026 Level III April 7, 2026 50%
May 2026 Level I June 23, 2026 39%
May 2026 Level II June 25, 2026 43%
August 2026 Level I September 24, 2026 43%
August 2026 Level II September 30, 2026 45%
August 2026 Level III October 20, 2026 47%
November 2026 Level I, II Not yet published Not yet published

Two patterns stand out. Level I results come first, with Level II from the same window following two to six days later (two days in most windows, six in August 2026). Level III takes two to four weeks longer than Level I, consistent with an exam that includes 11 essay sets.

The upcoming windows, as listed in the official dates and fees tool on September 1, 2026 (the tool shows dates per candidate, so confirm yours in your CFA Institute account):

  • November 2026: Level I on 11-17 November, Level II on 18-22 November. Registration has closed; rescheduling deadlines are 31 October and 7 November respectively.
  • February 2027: Level III on 18-21 February, Level I on 22-28 February. Registration for both closes 5 November 2026.

When did August 2026 CFA results come out?

All three levels are out. CFA Institute released August 2026 Level I results on September 24, 2026, Level II on September 30, and Level III on October 20. Of 28,145 Level I candidates, 43% passed; Level II's pass rate was 45% of 10,004 candidates, and Level III's 47% of 13,940. If you sat in August and still see nothing, work through the missing-result causes below.

When will November 2026 CFA results come out?

CFA Institute has not announced them yet. Its official range is 5-9 weeks after the window closes, and November 2025 results were released on January 13 (Level I) and January 15 (Level II), 2026, so mid-January 2027 is the reasonable expectation for the November 2026 Level I and Level II windows. Treat that as an estimate, not a date: CFA Institute confirms each date ahead of release by email, so watch your candidate account rather than forum estimates.

How to check your CFA results

  1. Watch for the email from CFA Institute on the release date. It tells you that your official results are available.
  2. Sign in to your CFA Institute account and open the results section, where the full score report lives.
  3. Read the report. You get Pass or Did Not Pass, your overall scale score, the Minimum Passing Score (MPS) it was measured against, and a topic-by-topic breakdown against the group average. Level III candidates who pass receive only a congratulatory email, with no topic detail.

Results stay in your account for approximately one year after the test date. After that you can request a verification letter confirming pass or fail, without the topic detail, so save a copy while you have it.

What to do if your results are late or missing

Almost every "missing" result has one of three causes.

  • You have not completed the Practical Skills Module. You must complete one PSM at each level to receive your exam result (Level III included, since February 2025). An unfinished PSM holds your result until it is done.
  • The email went to another address or a spam folder. Check the address on your candidate profile, then sign in directly. The account is the source of truth, not the inbox.
  • Your level's date has not arrived yet. Level I goes first, Level II follows a couple of days later, and Level III waits two to three more weeks. That gap is normal.

If your level's confirmed date has passed, your PSM is complete, and your account is still empty after a day, contact CFA Institute customer support with your CFA Institute ID.

What your score means and what happens next

The score report answers one question: how far from the line were you? From the official guide:

  • The MPS is set by the CFA Institute Board of Governors and is not published as a fixed percentage. It is re-established after significant curriculum or candidate-population changes; otherwise it is carried across administrations through equating.
  • Your scale score sits inside a confidence interval. Below the MPS with an overlapping interval means you are close and may need only a little more study, in CFA Institute's own words. An interval entirely below the MPS calls for "substantial remediation" before retaking.
  • There is no minimum score by topic. The 70% and 50% lines on page two are guides: consistent performance above 70% is described as a reasonable signal of mastery, and a topic whose interval sits entirely below 50% needs real work.

If you passed Level I or II, registration for the next level is normally open by the time your result arrives; February 2027 Level III registration, for example, opened in May 2026, and the dates tool listed a 5 November 2026 close when we checked in September, so an August Level II passer had about five weeks from the September 30 result to register. If you passed Level III, the charter follows once you meet CFA Institute's work experience and membership requirements.

If you did not pass, the retake rules matter. You can sit a maximum of twice per calendar year, never in consecutive windows and never in windows within six months of each other. So an August 2026 candidate cannot retake in November 2026; the next eligible window is February 2027, with registration listed as closing 5 November 2026, only weeks after the August results arrived. Confirm the exact deadline in your CFA Institute account. CFA Institute is also eliminating the paid deferral option from the February 2027 cycles, so register only for a window you intend to sit. (Sitting the CPA as well? See the CPA exam score release dates for 2026.)

Prepare for the next step with your own materials

Whether you are moving up a level or retaking, the topic breakdown on page two of your report is the study plan. Turn it into something concrete:

  • Upload a note with the expected results date, the 5 November registration deadline, and your exam window to the AI calendar generator for an .ics file, so the deadline does not slip past you in the weeks after results.
  • Paste curriculum readings or notes for the two or three weakest topics into the practice test generator for untimed questions, or upload the files to the app for a timed exam. Questions built from the material you actually studied target your gaps, not a generic bank's.
  • For formulas, ethics standards, and definitions, the flashcard maker turns those same files into decks you review with spaced repetition.

Scholarly is built for exactly this: bring your own sources, and it produces practice questions, flashcards, study guides, and a chat grounded in them. For a broader roundup, see the best AI tools for certification exam prep.

CFA results FAQ

When are CFA Level 1 results released in 2026?

March 19 for the February window, June 23 for the May window, and September 24 for the August window. November 2026 Level I results are not yet scheduled and are expected in January 2027 if the November 2025 pattern holds.

How long after the CFA exam do results come out?

CFA Institute's official range is 5-9 weeks after the exam window closes, and the Level I page says typically 5-7 weeks. Level III has consistently been at the longer end.

Does CFA Institute publish the minimum passing score?

No. The MPS is set by the Board of Governors and appears on your individual score report as the line your scale score is measured against, but it is not published as a public number.

Can I retake in the very next window if I fail?

No. Attempts are limited to twice per calendar year, not in consecutive windows and not within six months of each other. An August 2026 candidate who does not pass is next eligible in February 2027.

Sources

Last verified: October 23, 2026, against CFA Institute's August 2026 results press releases. November 2026 results dates were not published at that time; the January 2027 estimate is inferred from the official 5-9 week guidance and the November 2025 release pattern.

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