Canadian Pacific Kansas City Limited (CP)

Canadian Pacific Railway Income Statement

Financials in millions CAD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	14,746	14,223	12,281	8,627	7,816	7,541
Other Revenue	283	323	274	187	179	169
Revenue	15,029	14,546	12,555	8,814	7,995	7,710
Revenue Growth (YoY)	4.02%	15.86%	42.44%	10.24%	3.70%	-1.05%
Cost of Revenue	7,003	7,003	6,113	4,221	3,408	3,278
Gross Profit	8,026	7,543	6,442	4,593	4,587	4,432
Operating Expenses	1,988	1,900	1,543	853	811	779
Operating Income	6,038	5,643	4,899	3,740	3,776	3,653
Interest Expense	-849	-801	-771	-652	-440	-458
Earnings From Equity Investments	-	-	230	1,074	-141	-
Currency Exchange Gain (Loss)	2	2	-27	-	11	15
Other Non Operating Income (Expenses)	-22	18	-19	-17	-1	-8
EBT Excluding Unusual Items	5,169	4,862	4,312	4,145	3,205	3,202
Merger & Restructuring Charges	-74	-112	-190	-	415	-
Other Unusual Items	22	22	-7,175	-	-	-
Pretax Income	5,450	4,772	-3,053	4,145	3,620	3,202
Income Tax Expense	1,191	1,059	-6,976	628	768	758
Earnings From Continuing Operations	4,259	3,713	3,923	3,517	2,852	2,444
Minority Interest in Earnings	6	5	4	-	-	-
Net Income	4,265	3,718	3,927	3,517	2,852	2,444
Net Income to Common	4,265	3,718	3,927	3,517	2,852	2,444
Net Income Growth	20.48%	-5.32%	11.66%	23.32%	16.69%	0.16%
Shares Outstanding (Basic)	925	933	931	930	680	677
Shares Outstanding (Diluted)	926	935	934	933	683	680
Shares Change (YoY)	-0.91%	0.10%	0.09%	36.63%	0.43%	-2.35%
EPS (Basic)	4.61	3.98	4.22	3.78	4.20	3.61
EPS (Diluted)	4.61	3.98	4.21	3.77	4.18	3.59
EPS Growth	21.64%	-5.46%	11.67%	-9.81%	16.43%	2.57%
Free Cash Flow	2,393	2,406	1,638	2,585	2,156	1,131
Free Cash Flow Per Share	2.58	2.57	1.75	2.77	3.16	1.66
Dividend Per Share	0.836	0.760	0.760	0.760	0.760	0.712
Dividend Growth	10.00%	-	-	-	6.74%	13.38%
Gross Margin	53.40%	51.86%	51.31%	52.11%	57.37%	57.48%
Operating Margin	40.18%	38.79%	39.02%	42.43%	47.23%	47.38%
Profit Margin	28.38%	25.56%	31.28%	39.90%	35.67%	31.70%
Free Cash Flow Margin	15.92%	16.54%	13.05%	29.33%	26.97%	14.67%
EBITDA	8,026	7,543	6,442	4,593	4,587	4,432
EBITDA Margin	53.40%	51.86%	51.31%	52.11%	57.37%	57.48%
D&A For EBITDA	1,988	1,900	1,543	853	811	779
EBIT	6,038	5,643	4,899	3,740	3,776	3,653
EBIT Margin	40.18%	38.79%	39.02%	42.43%	47.23%	47.38%
Effective Tax Rate	21.85%	22.19%	-	15.15%	21.21%	23.67%
Revenue as Reported	15,029	14,546	12,555	8,814	7,995	7,710

Updated Oct 29, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q