CFA exam results for February, May, August 2026 out; Level III August results today
In short
- CFA Level III August 2026 exam results are estimated to be released today, October 20, 2026.
- CFA Level I February 2026 exam results were released on March 19, 2026.
- CFA Level I and Level II exam results are typically available within 5-7 weeks, while Level III results are available within 6-8 weeks, provided Practical Skill Modules are completed.
- Candidates will receive their results via email and can view them in their CFA Institute account profile for approximately one year.
- The one-time enrolment fee for new candidates has been abolished from 2026.
The CFA Institute has released the estimated result dates for the February, May, and August 2026 CFA exams. Candidates for the CFA Level III August 2026 exam can expect their results today, October 20, 2026, according to the institute’s announcements. This information is crucial for thousands of candidates globally who are progressing through the three levels of the CFA Program.

The results are released after a thorough analysis of exam questions and candidate performance, including a manual grading event for Level III essays involving hundreds of CFA charterholders. Rigorous quality control processes are implemented to ensure accuracy before results are communicated to individual candidates.
CFA Exam Result Release Schedule and Access
CFA exam results are typically announced five to ten weeks after the testing window closes. Specifically, Level I and Level II exam results are usually released within 5-8 weeks, while Level III exam results are generally released within 8 weeks. For the February 2026 exam cycle, CFA Level I results were released on March 19, 2026, and Level III results on April 7, 2026.
Candidates will be notified of their CFA exam results via email and can immediately view them in their CFA Institute account profile for about one year after the test date. The CFA Institute does not typically set an exact time for emailing results, but candidates can expect to receive them sometime after 8 AM CDT. Individual candidate results are released solely to the candidate and are not shared with third parties, though lists of passing candidates are provided to societies for membership purposes.
| CFA exam day / window | CFA Level 1 Results Day | CFA Level 2 Results Day | CFA Level 3 Results Day |
|---|---|---|---|
| Nov 2026 | 12 Jan 2027* | 14 Jan 2027* | null |
| Aug 2026 | 24 Sep 2026 | 30 Sep 2026 | 20 Oct 2026 |
| May 2026 | 23 June 2026 | 25 June 2026 | null |
| Feb 2026 | 19 Mar 2026 | null | 7 Apr 2026 |
Practical Skill Modules and Result Validity
A critical requirement for candidates is the completion of Practical Skill Modules (PSMs) within the CFA Institute’s Learning Ecosystem before exam results are released. Failure to complete a PSM by the time results are issued will result in the exam outcome being voided. This requirement applies to all three levels of the CFA exam.
Once released, CFA exam results do not expire and remain available as long as the candidate’s CFA Institute profile is active. For results needed after approximately one year, candidates can generate and download a verification letter from their CFA Institute account profile.
| Level | Exam results availability | 10 year average pass rate |
|---|---|---|
| Level I | Exam results within 5-7 weeks of taking the exam and completion of your Practical Skills Module | 41% |
| Level II | Exam results within 5-7 weeks of taking the exam and completion of your Practical Skills Module | 45% |
| Level III | Exam results within 6-8 weeks of taking the exam and completion of your Practical Skills Module | 52% |
Exam Schedule and Fee Structure for 2026-27
CFA Level I exams are conducted quarterly in February, May, August, and November. Level II exams occur in May, August, and November, while Level III exams are held twice annually in February and August. The CFA Institute has abolished the one-time enrolment fee for new candidates starting from 2026, aiming to speed up the registration process.
Registration fees for 2026 vary by level and registration period. Early registration for Levels I and II costs $1,140, with standard registration at $1,490. For Level III, early registration is $1,240, and standard registration is $1,590. A non-refundable fee of $250 applies to every rescheduling request in 2026. Registration portals close at 11:59 PM ET on the deadline date, with no extensions granted.
| Exam Window | Early Registration Deadline | Standard Registration Deadline | Exam Date |
|---|---|---|---|
| Feb 2026 | 7 July 2025 | 29 October 2025 | February 2–8 |
| May 2026 | 14 October 2025 | 12 February 2026 | May 12–18 |
| Aug 2026 | 21 January 2026 | 6 May 2026 | August 18–24 |
| Nov 2026 | 15 April 2026 | 11 August 2026 | November 11–17 |
| Feb 2027 | 7 July 2026 | 5 November 2026 | February 22–28 |
| May 2027 | 14 October 2026 | 10 February 2027 | May 11–17 |
| Aug 2027 | TBD | TBD | August 15–22 |
| Nov 2027 | TBD | TBD | November 13–19 |
Further reading
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