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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%
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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.
Particulars | November 2025 |
|---|---|
February 2-8, 2026 | |
CFA level 1 Nov result date | March 19, 2026 |
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
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.
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%)
Along with the CFA Level 1 result, the CFA Institute also released the 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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The table given below shows the CFA Level 1 pass rate for previous sessions:
Session | Total Candidates | Passed Candidates | Failed Candidates | Pass percentage |
|---|---|---|---|---|
| November 2025 | 26,752 | 11,503 | 15,249 | 43% |
| 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% |
Frequently Asked Questions (FAQs)
The February 2026 CFA Level 1 exam results was released on March 19, 2026.
The average pass rate in CFA level 1 is 40%
The cut off for CFA level 1 varies for every session as decided by the CFA institute.
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