China Merchants Bank Co., Ltd.: EPS $1.19; revenue $17.4B vs $13.5B
Key Facts
Q3 FY2026 results
| Metric | Actual | Estimate | Surprise | Year ago |
|---|---|---|---|---|
| EPS (USD) | 1.19 | — | — | 1.08 |
| Revenue (USD bn) | 17.41 | 13.51 | — | 15.94 |
Recent reports: actual vs estimate
| Reported | Period | EPS (USD) | Estimate | Surprise | Revenue (USD bn) | Estimate | Surprise |
|---|---|---|---|---|---|---|---|
| Oct 30, 2026 | Q3 FY2026 | 1.190 | — | — | 17.41 | 13.51 | — |
| Aug 28, 2026 | Q2 FY2026 | 1.090 | — | — | 17.40 | 12.89 | — |
| Apr 29, 2026 | Q1 FY2026 | 1.080 | — | — | 17.06 | 12.65 | — |
| Mar 27, 2026 | Q4 FY2025 | 0.900 | — | — | 16.03 | 12.91 | +24.2% |
| Oct 29, 2025 | Q3 FY2025 | 1.080 | — | — | 15.94 | — | — |
| Aug 29, 2025 | Q2 FY2025 | 0.970 | — | — | 16.65 | 11.41 | — |
| Apr 29, 2025 | Q1 FY2025 | 1.020 | — | — | 11.50 | 11.28 | +2.0% |
| Dec 31, 2024 | Q4 FY2024 | 0.956 | — | — | 11.25 | — | — |
Source: Figures from the EL7 database. Estimates are the analyst consensus carried by our data vendor (FMP), not official figures. Figures are in USD as carried for this US-traded line; the company reports in another currency.
China Merchants Bank Co., Ltd. results: EPS $1.19; revenue $17.4B vs $13.5B. The results cover the company's Q3 FY2026. Revenue is not compared with the estimate: a gap this size usually means a different revenue definition. Figures are in USD as carried for this US-traded line; the company reports in CNY.
Revenue was up 9.2% from $15.9 billion a year earlier (Q3 FY2025). EPS was up 10.2% from $1.08 a year earlier.
What the results mean
China Merchants Bank Co., Ltd.’s results reflect a business spanning retail and corporate banking. Revenue growth indicates an expanding income base, but the available information does not identify how lending and fees contributed to that growth or establish the quality of profitability.
The bank’s business rests on attracting deposits and financing individuals and companies, alongside credit cards and the distribution of insurance and investment funds. Profitability therefore depends on deposit costs, lending yields and credit quality, while advisory, corporate financing and transaction settlement services provide income linked to client activity.
What to watch on the earnings call: Watch management’s discussion of the sources of revenue growth, financing demand from individuals and companies, and the cost of attracting deposits and its effect on lending margins. Loan quality, credit provisions and the contribution of cards, investment product distribution and corporate banking services to fee income also merit attention.
For the full analysis of China Merchants Bank Co., Ltd. stock — valuation, scores and financial statements — see the stock page linked with this story.