CFA results, pass rates and score interpretation
Read the official pass/fail result first, then use the scale and topic ranges to decide what to do next.
Interpret my result
LATEST OFFICIAL ROW
39%
Level 1, May 2026
TESTED
31,566
Aggregate candidates, not your odds
RESULT TIMING
5-9 weeks
General official range after window close
Overall decision
Pass or fail and the displayed MPS comparison control.
Scale score
Comparable performance scale, not a raw correct-answer count.
Topic ranges
Broad remediation evidence with uncertainty, not separate topic passes.
What to do next
ACTION 01
Wait for the official notice
CFA Institute says results are generally available within 5-9 weeks after the exam window closes. Complete the required PSM before results release.
Official guidance ↗ACTION 02
Read the scale score correctly
Compare the reported scale score with the displayed MPS. Do not reverse-engineer a raw correct-answer count; CFA Institute does not provide one.
Official guidance ↗ACTION 03
Use topic ranges for priorities
Topic bands contain uncertainty and there is no separate pass mark for each topic. Use broad patterns to choose practice, not to declare mastery from one line.
Official guidance ↗
Sources
Policies, dates and results can change; the official source and registered account control.
- CFA Institute exam results and pass rates (new tab)
- Understanding your CFA exam results (PDF) (new tab)
- Official current pass-rate infographic (PDF) (new tab)
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