ACCA PM Pass Rate
PM has the lowest pass rate of any Applied Skills paper, and it has held that position for years.
ACCA PM (Performance Management) · June 2026 sitting, the most recent reported
PM pass rate by sitting
| Sitting | PM pass rate |
|---|---|
| June 2026 | 41% |
| March 2026 | 45% |
| December 2025 | 40% |
Previously F5. If you arrived here searching for the F5 pass rate, this is the right paper. ACCA renamed its exams in 2018 and F5 Performance Management became PM. Older revision notes discussing F5's difficulty are describing the same exam.
ACCA reports pass rates for session-based papers at all four sittings, so PM has a figure for March, June, September and December each year.
Why PM's pass rate looks like this
PM is the hardest Applied Skills paper by pass rate, and this is a structural pattern rather than a run of difficult sittings. Looking back through ACCA's published historical figures, PM has rarely cleared 45% at any sitting since 2019.
The difficulty is not the calculations themselves. It is that Section C requires you to interpret a scenario, choose the right technique, apply it accurately and then explain what the answer means for the business. Candidates who can perform every calculation in isolation still lose marks on the discursive requirements.
PM is a session-based exam, so ACCA reports its pass rate at all four sittings.
How PM compares
PM sits about 7 points below FM and 6 below AA, and roughly 41 below LW. If you are planning a sitting with two papers, pairing PM with a higher-passing paper is the more common approach.
For the full table across all nine ACCA papers, see the ACCA pass rates page.
The pass rate describes the cohort, not you. PM has 150 free practice questions on GoQualified with worked explanations for every answer and a timed mock exam mode. Start PM 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: PM formula sheet and common PM mistakes. GoQualified is not affiliated with ACCA.