ACCA FM Pass Rate
FM sits just below the middle of the Applied Skills group, and its pass rate has been stable around the high 40s.
ACCA FM (Financial Management) · June 2026 sitting, the most recent reported
FM pass rate by sitting
| Sitting | FM pass rate |
|---|---|
| June 2026 | 48% |
| March 2026 | 50% |
| December 2025 | 48% |
Previously F9. If you arrived here searching for the F9 pass rate, this is the right paper. ACCA renamed its exams in 2018 and F9 Financial Management became FM.
ACCA reports pass rates for session-based papers at all four sittings, so FM has a figure for March, June, September and December each year.
Why FM's pass rate looks like this
FM has moved within a two-point band across the last three reported sittings. It is a calculation-led paper, which suits candidates who prepare by working questions rather than by reading.
Marks are most often lost on investment appraisal where the discount rate or the treatment of working capital is wrong, and on the discursive parts of Section C, where a correct number still needs an explanation of what it means for the company's financing decision.
FM is a session-based exam, so ACCA reports its pass rate at all four sittings.
How FM compares
FM runs about 7 points above PM and 4 below FR. Together with PM it forms the calculation-heavy pair at Applied Skills, and the two are rarely recommended in the same sitting.
For the full table across all nine ACCA papers, see the ACCA pass rates page.
The pass rate describes the cohort, not you. FM has 150 free practice questions on GoQualified with worked explanations for every answer and a timed mock exam mode. Start FM practice →
June 2026 figures are taken directly from ACCA's own results announcement (accaglobal.com news, published 13 July 2026); earlier sittings from ACCA's official pass-rate pages. Checked 28 August 2026. ACCA publishes updated figures after every sitting, so always confirm the current numbers at accaglobal.com before relying on them. Also for this paper: FM formula sheet and common FM mistakes. GoQualified is not affiliated with ACCA.