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    CFA Level 1 Pass Rate May 2026 (39%): Check Past Session Passing Rate

    CFA Level 1 Pass Rate May 2026 (39%): Check Past Session Passing Rate

    Sansar Singh ChhikaraUpdated on 25 Jun 2026, 12:01 PM IST

    The Chartered Financial Analyst (CFA) Institute published the CFA Level 1 May 2026 pass rate on June 23, 2026. The CFA Level 1 2026 pass rate denotes important details like how many students appeared for the exam, how many passed, the pass rate, etc. The CFA Level 1 pass percentage for the May 2026 session is 39%. Out of the total 31,566 students in the CFA Level 1 May 2026 exam, 12,310 passed, while the remaining 19,256 failed. The usual CFA Level 1 pass percentage is around 40-45%. This means that less than half of the students who appear for the CFA Level 1 exam qualify for the next level.

    CFA Level 1 Pass Rate May 2026 (39%): Check Past Session Passing Rate
    CFA Level 1 Pass Rate

    After analysing the CFA historical pass percentage, it is evident that the CFA Level 1 is the hardest exam out of the three CFA levels. The CFA Level 1 historical pass percentage is 41%, while the CFA Level 1 pass percentage in last 10 years is 40%. The CFA Level 1 pass rate is the lowest of all three levels. Read the complete article to get detailed information about CFA Level 1 pass percentage in May 2026 how many students appeared for CFA Level 1 exam and more.

    The CFA Level 1 May 2026 exams were conducted from May 12 - 18, 2026. The CFA Level 1 2026 results were declared at cfainstitute.org.

    CFA Level 1 May 2026 Pass Percentage Dates

    Particulars

    Details

    CFA Level 1 exam dates

    May 12 - 18, 2026

    CFA Level 1 result date

    June 23, 2026

    CFA Level 1 2026 Pass Rate

    The pass percentage, along with the total number of candidates who appeared, passed, and failed the CFA Level 1 May 2026 session is given below:

    CFA Level 1 May 2026 Pass Percentage

    Particulars

    Details

    Number of students appeared

    31,566

    Number of students passed

    12310

    Number of students who did not pass

    19256

    Pass Rate

    39%
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    CFA Level 1 Pass Rates for previous sessions

    Candidates can check the previous sessions' CFA Level 1 pass percentage to understand the difficulty level of the exam. The historical pass rate for CFA Level 1 is 41%. Candidates can check the CFA Level 1 pass rates for all sessions in the tables below:

    CFA Level 1 Feb 2026 Pass Percentage

    Particulars

    Details

    Number of students appeared

    24,006

    Number of students passed

    10,802

    Number of students who did not pass

    13,204

    Pass Rate

    45%

    CFA Level 1 Nov 2025 Pass Percentage

    Particulars

    Details

    Number of students appeared

    26,752

    Number of students passed

    11,503

    Number of students who did not pass

    15,249

    Pass Rate

    43%
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    CFA Level 1 Aug 2025 Pass Percentage

    Particulars

    Details

    Number of students appeared

    26,192

    Number of students passed

    11,262

    Number of students who did not pass

    14,930

    Pass Rate

    43%

    CFA Level 1 May 2025 Pass Percentage

    Particulars

    Details

    Total number of students who appeared for the exam

    24,227

    Total number of candidates passed

    10,916

    Total number of candidates failed

    13,311

    Pass percentage

    45%

    CFA Level 1 Feb 2025 Pass Percentage

    Particulars

    Details

    Total number of students who appeared for the exam

    19,848

    Total number of candidates passed

    8,935

    Total number of candidates failed

    10,913

    Pass percentage

    45%

    CFA Level 1 Nov 2024 Pass Percentage

    Particulars

    Details

    Total number of students who appeared for the exam

    26,404

    Total number of candidates passed

    11,293

    Total number of candidates failed

    15,111

    Pass percentage

    43%

    CFA Level 1 Aug 2024 Pass Rate

    Particulars

    Details

    Total number of students who appeared for the exam

    24,937

    Total number of candidates passed

    11,050

    Total number of candidates failed

    13,887

    Pass percentage

    44%

    CFA Level 1 May 2024 Pass Percentage

    Particulars

    Details

    Total number of students who appeared for the exam

    21,116

    Total number of candidates passed

    9,666

    Total number of candidates failed

    11,450

    Pass percentage

    46%

    CFA Level 1 February 2024 Pass Rate

    Particulars

    Details

    Total number of students who appeared for the exam

    16,932

    Total number of candidates passed

    7,415

    Total number of candidates failed

    9,517

    Pass percentage

    44%

    CFA Level 1 Pass Rate

    Session

    Total Candidates

    Passed Candidates

    Failed Candidates

    Pass percentage

    November 202526,75211,50315,24943%
    August 202526,192
    11,262
    14,93043%
    May 202524,22710,91613,31145%
    February 202519,848
    8,935
    10,913
    45%

    November 2024

    26,40411,29315,11143%

    August 2024

    24,937

    11,057

    13,887

    44%

    May 2024

    21,116

    9,666

    11,450

    46%

    February 2024

    16,932

    7415

    9517

    44%

    November 2023

    28,953

    10,104

    18,849

    35%

    May 2023

    23,352

    9,042

    14,310

    39%

    February 2023

    16959

    6441

    10518

    38%

    November 2022

    24937

    8932

    16005

    36%

    August 2022

    19,103

    7068

    12035

    37%

    May 2022

    19,403

    7,315

    12,088

    38%

    February 2022

    18,992

    6,801

    12,191

    36%

    November 2021

    28,170

    7,607

    20,563

    27%

    August 2021

    16,026

    4,211

    11,815

    26%

    July 2021

    28,849

    6,468

    22,381

    22%

    May 2021

    26,005

    6,506

    19,499

    25%

    February 2021

    28,683

    12,510

    16,173

    44%

    2020

    26,212

    12,806

    13,406

    49%

    June 2019

    83,656

    34,585

    49,071

    41%

    CFA Level 1 Result May 2026

    The CFA Institute declared the CFA Level 1 May 2026 results on June 23, 2026. The CFA Level 1 results were declared in online mode at the official website of the CFA Institute - cfainstgitute.org. Candidates can download their CFA Level 1 results from the official website by entering their email ID. Alternatively, the CFA Institute will also send the CFA Level 1 result to the registered email address of the candidates.

    CFA Level 1 Minimum Passing Score 2026

    Only those candidates who score equal to or greater than the CFA Level 1 Minimum Passing Score or MPS will be deemed qualified in the exam. The CFA Level 1 MPS is the minimum marks that candidates need to score in the exam to qualify to the next level. The CFA Institute uses a custom methodology inspired by the Angoff method. The CFA Institute never announces the CFA Level 1 minimum passing score publicly. However, experts estimate the CFA Level 1 minimum passing score revolves around 70% marks in the exam. So candidates are advised to target a score around 70% or above to qualify this level.

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