Canadian Pacific Railway Income Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	15,078	14,546	12,555	8,814	7,995
Revenue Growth (YoY)	3.66%	15.86%	42.44%	10.24%	3.70%
Cost of Revenue	7,450	7,467	6,624	4,632	3,978
Gross Profit	7,628	7,079	5,931	4,182	4,017
Depreciation & Amortization Expenses	2,019	1,900	1,543	853	811
Total Operating Expenses	2,019	1,900	1,543	853	811
Operating Income	5,609	5,179	4,388	3,329	3,206
Interest Income	-	-	230	1,074	-141
Interest Expense	-876	-801	-771	-652	-440
Other Non-Operating Income (Expense)	749	394	-6,900	394	-695
Total Non-Operating Income (Expense)	-127	-407	-7,441	816	-1,276
Pretax Income	5,482	4,772	-3,053	4,145	3,620
Provision for Income Taxes	1,345	1,059	-6,976	628	768
Net Income	4,141	3,718	3,927	3,517	2,852
Minority Interest in Earnings	-4	-5	-4	-	-
Net Income to Common	4,141	3,718	3,927	3,517	2,852
Net Income Growth	11.38%	-5.32%	11.66%	23.32%	16.69%
Shares Outstanding (Basic)	916	933	931	930	680
Shares Outstanding (Diluted)	917	935	934	933	683
Shares Change (YoY)	-1.87%	0.10%	0.09%	36.63%	0.43%
EPS (Basic)	4.52	3.98	4.22	3.78	4.20
EPS (Diluted)	4.51	3.98	4.21	3.77	4.18
EPS Growth	13.32%	-5.46%	11.67%	-9.81%	16.43%
Shares Outstanding	897.16	933.5	931.8	930.5	929.7
Free Cash Flow	2,169	2,406	1,638	2,585	2,156
Free Cash Flow Growth	-9.85%	46.89%	-36.63%	19.90%	90.63%
Free Cash Flow Per Share	2.37	2.57	1.75	2.77	3.16
Dividends Per Share	0.874	0.760	0.760	0.760	0.760
Dividend Growth	15.00%	-	-	-	6.74%
Gross Margin	50.59%	48.67%	47.24%	47.45%	50.24%
Operating Margin	37.20%	35.60%	34.95%	37.77%	40.10%
Profit Margin	27.44%	25.53%	31.25%	39.90%	35.67%
FCF Margin	14.39%	16.54%	13.05%	29.33%	26.97%
EBITDA	7,628	7,079	5,931	4,182	4,017
EBIT	5,609	5,179	4,388	3,329	3,206
EBIT Margin	37.20%	35.60%	34.95%	37.77%	40.10%
Effective Tax Rate	24.53%	22.19%	228.50%	15.15%	21.22%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q