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CFA Exam Exam Date:29 Jan' 26 - 01 Feb' 26
The Chartered Financial Analyst (CFA) Institute will publish the CFA Level 1 pass rate November 2025 along with the results of the exam tentatively in the first week of January 2026. The CFA Level 1 Nov 2025 pass rate denotes important details like how many students appeared for the exam, how many passed, the pass rate, etc. 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. Talking about the previous session, the CFA Level 1 Aug 2025 pass rate was 43%. A total of 26,192 students appeared for the CFA Level 1 exam, out of which a total of 11,262 successfully passed the CFA Level 1 exam.
After analysing the CFA historical pass percentage, it is evident that the CFA Level 1 is the hardest exam out of all 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 May 2025, how many students appeared for CFA Level 1 exam and more.
The CFA Level 1 Nov 2025 exams were conducted from November 12-18, 2025. The CFA Level 1 Nov 2025 results will be declared at cfainstitute.org tentatively in the first week of January 2026.
Particulars | Details |
November 12 to 18, 2025 | |
CFA Level 1 result date | January 6, 2026 (Tentative) |
The pass percentage, along with the total number of candidates who appeared, passed, and failed the CFA Level 1 November 2025 session will be given below:
Particulars | Details |
Number of students appeared | TBA |
Number of students passed | TBA |
Number of students who did not pass | TBA |
Pass Rate | TBA |
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:
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% |
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% |
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% |
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% |
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% |
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% |
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% |
Session | Total Candidates | Passed Candidates | Failed Candidates | Pass percentage |
| August 2025 | 26,192 | 11,262 | 14,930 | 43% |
| May 2025 | 24,227 | 10,916 | 13,311 | 45% |
| February 2025 | 19,848 | 8,935 | 10,913 | 45% |
November 2024 | 26,404 | 11,293 | 15,111 | 43% |
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% |
The CFA Institute is expected to declare the CFA Level 1 Nov 2025 results on January 6, 2026. The CFA Level 1 result will be 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.
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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