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    CFA Level 1 Result Nov 2025 (OUT): Direct Link, Pass Percentage

    CFA Level 1 Result Nov 2025 (OUT): Direct Link, Pass Percentage

    Mirza Farhan BaigUpdated on 23 Mar 2026, 12:28 PM IST

    The Chartered Financial Analyst Institute has released the CFA Level 1 February 2026 session results on March 19, 2026. Candidates can download their results using their login credentials on the official CFA Institute website at cfainstitute.org. The result notification has been sent to candidates' registered email addresses. The results include the overall pass/fail status and a detailed summary of the candidate’s performance by topic area. The minimum passing score (MPS) is not publicly disclosed but is estimated to be around 70%

    This Story also Contains

    1. CFA Level 1 Feb 2026 Results: Dates
    2. Steps to Download CFA Level 1 Feb 2026 Results
    3. CFA Level 1 Pass Percentage
    4. Previous Session CFA Level 1 Pass Rate
    CFA Level 1 Result Nov 2025 (OUT): Direct Link, Pass Percentage
    CFA Level 1 Result

    Earlier, the institute conducted the CFA Level 1 Feb 2026 exams from February 2-8, 2026. The CFA Level 1 results are generally released around 7 weeks after the conclusion of the exam window. The CFA Institute conducts the CFA Level 1 exam four times each year, in February, May, August, and November. The CFA Level 1 is the first of the three levels of the CFA exams. The November session results will provide updated insight into candidate performance based on recent exam trends.

    CFA Level 1 Feb 2026 Results: Dates

    Particulars

    November 2025

    CFA Level 1 exam dates

    February 2-8, 2026

    CFA level 1 Nov result date

    March 19, 2026

    Steps to Download CFA Level 1 Feb 2026 Results

    Candidates can obtain the result of CFA level 1 2026 by logging into the CFA website. They must follow the steps given below to download the CFA level 1 result:

    • Visit the official website - cfainstitute.org

    • Go to Exam Overview

    • Next under CFA level 1 section click on the results link

    • Sign in to your CFA account with the login credentials

    • CFA level 1 result would be displayed on the screen

    • Save and download for future reference

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    CFA Level 1 Results Feb 2026: Minimum Passing Score

    To be able to get the pass rating in the CFA Level 1 result, candidates must be able to score above the Minimum Passing Score (MPS). There are no fixed CFA minimum passing marks as it varies from one session to another. The CFA institute never announces the CFA Level 1 MPS publicly. However, experts suggest that candidates must always aim at 70% or more marks to clear the MPS of the CFA Level 1 exam. On an average the CFA Level 1 MPS stays close to 70% marks in the exam. The CFA Institute also does not give numerical value to the score of candidates.

    CFA Level 1 Result: Analysing Exam Performance

    Along with declaring the CFA result, the CFA Institute also helps the candidates get a complete picture of their performance in the CFA exam. Given below are a few elements in the result analysis.

    • Candidate’s Score: If a candidate scores above the MPS then they are considered to have passed the exam. If a candidate scores below MPS then they are considered to have failed.

    • True Ability: The CFA Institute tries to ensure that the CFA Level 1 result portrays a candidate’s true ability by accounting for all the positive as well as negative factors that may have affected the CFA result.

    • Confidence Interval: The CFA level 1 results are declared with a 90% confidence interval. A score well above the MPS or well below the MPS indicates a higher confidence interval as the candidate would have passed or failed under most circumstances. A candidate who passed with a score very close to the MPS would have to work harder to improve their score as well as the confidence interval of their score

    • Percentile Rank: The CFA results also indicate the level of the top 10 percentile and the bottom 10 percentile.

    • Topic Wise Performance: Candidates also get to know their performance in each of the topic areas through the CFA level 1 result. Similar to the aggregate score, the confidence interval in topic wise results would be higher in case of considerably higher scores (above 70%)

    CFA Level 1 Pass Percentage

    Along with the CFA Level 1 result, the CFA Institute also released the CFA Level 1 Feb 2026 pass percentage.

    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%
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    Previous Session CFA Level 1 Pass Rate

    The table given below shows the CFA Level 1 pass rate for previous sessions:

    CFA Level 1 Pass Rate

    Session

    Total CandidatesPassed CandidatesFailed CandidatesPass percentage
    November 202526,752
    11,50315,24943%
    August 202526,192
    11,262
    14,930
    43%
    May 202524,22710,91613,31145%
    February 202519,8488,93510,91345%
    November 202426,40411,29315,11143%
    August 202424,93711,05713,88744%
    May 202421,1169,66611,45046%
    February 202416,9327415951744%
    November 202328,95310,10418,84935%

    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%

    Frequently Asked Questions (FAQs)

    Q: Is CFA Level 1 result for Feb 2026 declared?
    A:

    The February 2026 CFA Level 1 exam results was released on March 19, 2026.

    Q: What is the pass rate for the CFA Level 1 2025?
    A:

    The average pass rate in CFA level 1 is 40%

    Q: What is the cutoff for CFA Level 1?
    A:

    The cut off for CFA level 1 varies for every session as decided by the CFA institute.

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