Canadian Pacific Kansas City Limited (CP) reported C$16.01B of revenue for the twelve months ended Sep 30, 2026. That is up 6.5% from the year before. Revenue for fiscal 2025 was C$15.08B.

Yes. Canadian Pacific Kansas City Limited earned C$3.86B in net income for the twelve months ended Sep 30, 2026, a net margin of 24.1%.

How much cash and debt does CP have?

Canadian Pacific Kansas City Limited reported C$399.00M in cash and cash equivalents and C$22.23B of debt on its most recent balance sheet in SEC filings.

How fast is CP revenue growing?

Canadian Pacific Kansas City Limited's revenue changed +3.7% in fiscal 2025, to C$15.08B. Its compound annual growth rate was +14.4% over 5 years and +8.4% over 10 years.

What is CP free cash flow?

Canadian Pacific Kansas City Limited generated C$2.95B of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of C$5.78B less capital expenditures.

What is CP earnings per share?

Diluted earnings per share were C$4.33 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.

When did CP last report financial results?

The latest statements here come from Canadian Pacific Kansas City Limited's 10-Q filed on Oct 29, 2026, covering the period ended Sep 30, 2026.

Financials · CP

Canadian Pacific Kansas City Limited (CP) financials

For the twelve months ended Sep 30, 2026, Canadian Pacific Kansas City Limited reported C$16.01B of revenue and C$3.86B of net income. Figures are in CAD, the currency of its SEC filings.

Revenue, TTM: C$16.01B
Revenue growth, YoY: +6.5%
Net income, TTM: C$3.86B
Net income growth, YoY: -9.4%
Net margin: 24.1%
Free cash flow, TTM: C$2.95B
EPS, diluted, TTM: C$4.33
EPS growth, YoY: -5.7%
Cash: C$399.00M
Total debt: C$22.23B

Annual revenueC$15.08B

FY2016FY2025

Annual net incomeC$4.14B

FY2016FY2025

Annual free cash flowC$2.21B

FY2016FY2025

CP revenue and earnings growth

CP revenueQ3 2026C$4.22B

Quarter YoY: +15.2%
QoQ: +1.3%
FY YoY: +3.7%
5Y CAGR: +14.4%
10Y CAGR: +8.4%

CP revenue was C$4.22B in fiscal Q3 2026 (ended Sep 30, 2026), up 15.2% from a year earlier and up 1.3% from the prior quarter. For the full fiscal 2025 it was C$15.08B, up 3.7% from fiscal 2024. Compound annual growth was +14.4% over 5 years and +8.4% over 10 years. It rose in 8 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

CP net incomeQ3 2026C$917.00M

Quarter YoY: -0.3%
QoQ: -10.4%
FY YoY: +11.4%
5Y CAGR: +11.1%
10Y CAGR: +11.8%

CP net income was C$917.00M in fiscal Q3 2026 (ended Sep 30, 2026), down 0.3% from a year earlier and down 10.4% from the prior quarter. For the full fiscal 2025 it was C$4.14B, up 11.4% from fiscal 2024. Compound annual growth was +11.1% over 5 years and +11.8% over 10 years. It rose in 8 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

CP EPSQ3 2026C$1.04

Quarter YoY: +3.0%
QoQ: -9.6%
FY YoY: +13.3%
5Y CAGR: +4.7%
10Y CAGR: +10.4%

CP diluted EPS was C$1.04 in fiscal Q3 2026 (ended Sep 30, 2026), up 3.0% from a year earlier and down 9.6% from the prior quarter. For the full fiscal 2025 it was C$4.51, up 13.3% from fiscal 2024. Compound annual growth was +4.7% over 5 years and +10.4% over 10 years.

CP free cash flowQ3 2026C$937.00M

Quarter YoY: +126.3%
QoQ: -3.2%
FY YoY: -9.7%
5Y CAGR: +14.3%
10Y CAGR: +8.9%

CP free cash flow was C$937.00M in fiscal Q3 2026 (ended Sep 30, 2026), up 126.3% from a year earlier and down 3.2% from the prior quarter. For the full fiscal 2025 it was C$2.21B, down 9.7% from fiscal 2024. Compound annual growth was +14.3% over 5 years and +8.9% over 10 years. It rose in 5 of the last 10 fiscal years.

Export CSV

Income statement

Income statement
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue	C$15.08B	C$14.55B	C$12.55B	C$8.81B	C$8.00B	C$7.71B	C$7.79B	C$7.32B	C$6.55B	C$6.23B
Operating income	C$5.61B	C$5.18B	C$4.39B	C$3.33B	C$3.21B	C$3.31B	C$3.12B	C$2.83B	C$2.52B	C$2.41B
Interest expense	-	-	-	-	C$446.00M	C$462.00M	C$454.00M	C$455.00M	C$475.00M	C$472.00M
Pre-tax income	C$5.48B	C$4.77B	-C$3.05B	C$4.14B	C$3.62B	C$3.20B	C$3.15B	C$2.59B	C$2.50B	C$2.15B
Income tax	C$1.34B	C$1.06B	-C$6.98B	C$628.00M	C$768.00M	C$758.00M	C$706.00M	C$637.00M	C$93.00M	C$553.00M
Net income	C$4.14B	C$3.72B	C$3.93B	C$3.52B	C$2.85B	C$2.44B	C$2.44B	C$1.95B	C$2.40B	C$1.60B
EPS, basic	C$4.52	C$3.98	C$4.22	C$3.78	C$4.20	C$3.61	C$3.52	C$2.73	C$3.30	C$2.14
EPS, diluted	C$4.51	C$3.98	C$4.21	C$3.77	C$4.18	C$3.59	C$3.50	C$2.72	C$3.29	C$2.13
Diluted shares	917.1M	934.6M	933.7M	932.9M	682.8M	679.9M	696.3M	716.5M	731.5M	752.5M

Balance sheet

Balance sheet
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Cash and equivalents	C$184.00M	C$739.00M	C$464.00M	C$451.00M	C$82.00M	C$147.00M	C$133.00M	C$61.00M	C$338.00M	C$164.00M
Short-term investments	-	-	-	C$0	-	-	-	C$0	C$0	C$0
Receivables	C$2.03B	C$1.97B	C$1.89B	C$1.02B	C$819.00M	C$825.00M	C$805.00M	C$815.00M	C$687.00M	C$591.00M
Current assets	C$2.94B	C$3.38B	C$3.00B	C$1.89B	C$1.35B	C$1.32B	C$1.21B	C$1.12B	C$1.27B	C$1.01B
Goodwill	C$18.44B	C$19.35B	C$17.73B	C$344.00M	C$328.00M	C$329.00M	C$194.00M	C$194.00M	C$178.00M	C$191.00M
Total assets	C$85.94B	C$87.74B	C$79.90B	C$73.50B	C$68.18B	C$23.64B	C$22.37B	C$21.25B	C$20.14B	C$19.22B
Current liabilities	C$5.99B	C$5.66B	C$5.71B	C$3.21B	C$3.16B	C$2.65B	C$2.29B	C$1.96B	C$1.98B	C$1.35B
Long-term debt	C$19.95B	C$19.80B	C$19.35B	C$18.14B	C$18.58B	C$8.59B	C$8.16B	C$8.19B	C$7.41B	C$8.66B
Total debt	C$19.95B	C$19.80B	C$19.35B	C$18.14B	C$18.58B	C$8.59B	C$8.16B	C$8.19B	C$7.41B	C$8.66B
Total liabilities	C$39.12B	C$38.85B	C$37.49B	C$34.61B	C$34.35B	C$16.32B	C$15.30B	C$14.62B	C$13.70B	C$14.60B
Shareholders' equity	C$45.88B	C$48.89B	C$42.41B	C$38.89B	C$33.83B	C$7.32B	C$7.07B	C$6.64B	C$6.44B	C$4.63B

Cash flow

Cash flow
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Operating cash flow	C$5.31B	C$5.27B	C$4.14B	C$4.14B	C$3.69B	C$2.80B	C$2.99B	C$2.71B	C$2.18B	C$2.09B
Capital expenditures	C$3.10B	C$2.83B	C$2.47B	C$1.56B	C$1.53B	C$1.67B	C$1.65B	C$1.55B	C$1.34B	C$1.18B
Free cash flow	C$2.21B	C$2.44B	C$1.67B	C$2.58B	C$2.16B	C$1.13B	C$1.34B	C$1.16B	C$842.00M	C$907.00M
Investing cash flow	-C$2.67B	-C$2.80B	-C$2.16B	-C$1.50B	-C$13.73B	-C$2.03B	-C$1.80B	-C$1.46B	-C$1.29B	-C$1.07B
Financing cash flow	-C$3.15B	-C$2.25B	-C$1.96B	-C$2.30B	C$9.94B	-C$764.00M	-C$1.11B	-C$1.54B	-C$700.00M	-C$1.49B
Dividends paid	C$796.00M	C$709.00M	C$707.00M	C$707.00M	C$507.00M	C$467.00M	C$412.00M	C$348.00M	C$310.00M	C$255.00M
Share repurchases	C$3.94B	C$0	C$0	C$0	C$0	C$1.51B	C$1.13B	C$1.10B	C$381.00M	C$1.21B
Depreciation and amortization	C$2.02B	C$1.90B	C$1.54B	C$853.00M	C$811.00M	C$779.00M	C$706.00M	C$696.00M	C$661.00M	C$640.00M

Key ratios

Key ratios
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue growth, YoY	3.7%	15.9%	42.4%	10.2%	3.7%	-1.1%	6.5%	11.6%	5.2%	-7.2%
Net income growth, YoY	11.4%	-5.3%	11.7%	23.3%	16.7%	0.2%	25.1%	-18.9%	50.4%	18.3%
EPS growth, YoY	13.3%	-5.5%	11.7%	-9.8%	16.4%	2.6%	28.6%	-17.2%	54.7%	26.5%
Operating margin	37.2%	35.6%	35.0%	37.8%	40.1%	42.9%	40.1%	38.7%	38.4%	38.7%
Net margin	27.5%	25.6%	31.3%	39.9%	35.7%	31.7%	31.3%	26.7%	36.7%	25.7%
Free cash flow margin	14.6%	16.8%	13.3%	29.3%	27.0%	14.7%	17.2%	15.9%	12.8%	14.6%
Return on equity	9.0%	7.6%	9.3%	9.0%	8.4%	33.4%	34.5%	29.4%	37.4%	34.6%
Return on assets	4.8%	4.2%	4.9%	4.8%	4.2%	10.3%	10.9%	9.2%	11.9%	8.3%
Current ratio	0.49	0.60	0.53	0.59	0.43	0.50	0.53	0.57	0.64	0.75
Debt to equity	0.43	0.41	0.46	0.47	0.55	1.17	1.15	1.23	1.15	1.87

Income statement

Income statement
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Revenue	C$4.22B	C$4.16B	C$3.70B	C$3.92B	C$3.66B	C$3.70B	C$3.79B	C$3.87B	C$3.55B	C$3.60B	C$3.52B	C$3.78B
Operating income	C$1.49B	C$1.47B	C$1.26B	C$1.61B	C$1.34B	C$1.34B	C$1.32B	C$1.56B	C$1.20B	C$1.27B	C$1.15B	C$1.44B
Pre-tax income	C$1.36B	C$1.36B	C$1.12B	C$1.48B	C$1.21B	C$1.59B	C$1.20B	C$1.45B	C$1.10B	C$1.20B	C$1.03B	C$1.29B
Income tax	C$448.00M	C$335.00M	C$275.00M	C$400.00M	C$296.00M	C$357.00M	C$292.00M	C$246.00M	C$262.00M	C$292.00M	C$259.00M	C$275.00M
Net income	C$917.00M	C$1.02B	C$846.00M	C$1.08B	C$920.00M	C$1.23B	C$910.00M	C$1.20B	C$837.00M	C$905.00M	C$775.00M	C$1.02B
EPS, basic	C$1.05	C$1.16	C$0.94	C$1.19	C$1.01	C$1.34	C$0.98	C$1.28	C$0.90	C$0.97	C$0.83	C$1.10
EPS, diluted	C$1.04	C$1.15	C$0.94	C$1.20	C$1.01	C$1.33	C$0.97	C$1.28	C$0.90	C$0.97	C$0.83	C$1.09
Diluted shares	877.6M	887.1M	897.3M	-	911.4M	924.8M	934.3M	-	935.3M	934.6M	934.4M	-

Balance sheet

Balance sheet
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Cash and equivalents	C$399.00M	C$366.00M	C$409.00M	C$184.00M	C$411.00M	C$799.00M	C$695.00M	C$739.00M	C$463.00M	C$557.00M	C$519.00M	C$464.00M
Receivables	C$2.25B	C$2.25B	C$2.20B	C$2.03B	C$2.12B	C$2.00B	C$2.04B	C$1.97B	C$1.94B	C$1.89B	C$1.94B	C$1.89B
Current assets	C$3.53B	C$3.45B	C$3.40B	C$2.94B	C$3.27B	C$3.52B	C$3.46B	C$3.38B	C$3.07B	C$3.21B	C$3.15B	C$3.00B
Goodwill	C$19.08B	C$19.11B	C$18.75B	C$18.44B	C$18.72B	C$18.35B	C$19.33B	C$19.35B	C$18.16B	C$18.41B	C$18.23B	C$17.73B
Total assets	C$89.44B	C$89.28B	C$87.68B	C$85.94B	C$86.69B	C$85.18B	C$88.04B	C$87.74B	C$82.22B	C$82.79B	C$81.67B	C$79.90B
Current liabilities	C$6.75B	C$5.81B	C$5.07B	C$5.99B	C$5.20B	C$3.78B	C$4.25B	C$5.66B	C$5.80B	C$6.28B	C$6.42B	C$5.71B
Long-term debt	C$22.23B	C$22.25B	C$21.88B	C$19.95B	C$21.59B	C$21.23B	C$21.14B	C$19.80B	C$18.71B	C$18.96B	C$18.83B	C$19.35B
Total debt	C$22.23B	C$22.25B	C$21.88B	C$19.95B	C$21.59B	C$21.23B	C$21.14B	C$19.80B	C$18.71B	C$18.96B	C$18.83B	C$19.35B
Total liabilities	C$42.69B	C$41.67B	C$40.27B	C$39.12B	C$40.03B	C$38.03B	C$38.80B	C$38.85B	C$37.15B	C$37.97B	C$37.91B	C$37.49B
Shareholders' equity	C$45.78B	C$47.61B	C$47.42B	C$45.88B	C$46.66B	C$47.15B	C$49.24B	C$48.89B	C$45.08B	C$44.82B	C$43.76B	C$42.41B

Cash flow

Cash flow
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Operating cash flow	C$1.55B	C$1.73B	C$976.00M	C$1.52B	C$1.27B	C$1.35B	C$1.16B	C$1.70B	C$1.27B	C$1.28B	C$1.01B	C$1.34B
Capital expenditures	C$613.00M	C$758.00M	C$664.00M	C$788.00M	C$860.00M	C$743.00M	C$711.00M	C$742.00M	C$748.00M	C$808.00M	C$527.00M	C$701.00M
Free cash flow	C$937.00M	C$968.00M	C$312.00M	C$736.00M	C$414.00M	C$612.00M	C$445.00M	C$962.00M	C$524.00M	C$470.00M	C$488.00M	C$635.00M
Investing cash flow	-C$580.00M	-C$762.00M	-C$672.00M	-C$762.00M	-C$882.00M	-C$306.00M	-C$715.00M	-C$712.00M	-C$760.00M	-C$782.00M	-C$542.00M	-C$401.00M
Financing cash flow	-C$943.00M	-C$1.03B	-C$81.00M	-C$979.00M	-C$782.00M	-C$901.00M	-C$484.00M	-C$761.00M	-C$596.00M	-C$464.00M	-C$431.00M	-C$753.00M
Dividends paid	C$236.00M	C$204.00M	C$204.00M	C$204.00M	C$205.00M	C$210.00M	C$177.00M	C$177.00M	C$177.00M	C$178.00M	C$177.00M	C$177.00M
Share repurchases	C$1.43B	C$1.28B	C$680.00M	C$397.00M	C$1.80B	C$1.39B	C$347.00M	C$0	C$0	C$0	C$0	-
Depreciation and amortization	C$529.00M	C$519.00M	C$512.00M	C$519.00M	C$503.00M	C$493.00M	C$504.00M	C$488.00M	C$472.00M	C$473.00M	C$467.00M	C$457.00M

Key ratios

Key ratios
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Revenue growth, YoY	15.2%	12.6%	-2.5%	1.3%	3.2%	2.7%	7.8%	2.6%	6.3%	13.5%	55.3%	53.4%
Net income growth, YoY	-0.3%	-17.0%	-7.0%	-10.3%	9.9%	36.4%	17.4%	17.4%	7.3%	-31.6%	-3.1%	-19.5%
EPS growth, YoY	3.0%	-13.5%	-3.1%	-6.3%	12.2%	37.1%	16.9%	17.4%	7.1%	-31.7%	-3.5%	-19.9%
Operating margin	35.2%	35.4%	34.0%	41.1%	36.5%	36.3%	34.7%	40.3%	33.9%	35.2%	32.6%	38.2%
Net margin	21.7%	24.6%	22.9%	27.5%	25.1%	33.4%	24.0%	31.0%	23.6%	25.1%	22.0%	27.1%
Free cash flow margin	22.2%	23.2%	8.4%	18.8%	11.3%	16.5%	11.7%	24.8%	14.8%	13.0%	13.9%	16.8%
Current ratio	0.52	0.59	0.67	0.49	0.63	0.93	0.81	0.60	0.53	0.51	0.49	0.53
Debt to equity	0.49	0.47	0.46	0.43	0.46	0.45	0.43	0.41	0.42	0.42	0.43	0.46

Source: XBRL data Canadian Pacific Kansas City Limited files with the SEC, latest filing dated Oct 29, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures and share counts are restated for stock splits the filings show: 5-for-1, first reported Jul 29, 2021.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

CP peers

Company	Revenue	Growth	Net income	Net margin	Market cap
CP	C$16.01B	+6.5%	C$3.86B	24.1%	$80.15B
UNPUnion Pacific Corporation	$26.36B	+7.4%	$7.62B	28.9%	$172.43B
CSXCSX Corporation	$14.94B	+5.8%	$3.58B	24.0%	$90.54B
NSCNorfolk Southern Corporation	$12.96B	+6.0%	$2.68B	20.7%	$71.86B
WABWestinghouse Air Brake Technologies Corporation	$12.21B	+13.2%	$1.37B	11.2%	$47.59B
TRNTrinity Industries Inc.	$2.12B	-2.4%	$327.30M	15.4%	$2.30B
GBXGreenbrier Companies Inc.	$2.46B	-24.0%	$79.00M	3.2%	$1.29B
FIPFTAI Infrastructure Inc.	$737.62M	+67.7%	-$516.44M	-70.0%	$410.1M

CP FAQ

8 questions

What is CP revenue?
Canadian Pacific Kansas City Limited (CP) reported C$16.01B of revenue for the twelve months ended Sep 30, 2026. That is up 6.5% from the year before. Revenue for fiscal 2025 was C$15.08B.
Is CP profitable?
Yes. Canadian Pacific Kansas City Limited earned C$3.86B in net income for the twelve months ended Sep 30, 2026, a net margin of 24.1%.
How much cash and debt does CP have?
Canadian Pacific Kansas City Limited reported C$399.00M in cash and cash equivalents and C$22.23B of debt on its most recent balance sheet in SEC filings.
How fast is CP revenue growing?
Canadian Pacific Kansas City Limited's revenue changed +3.7% in fiscal 2025, to C$15.08B. Its compound annual growth rate was +14.4% over 5 years and +8.4% over 10 years.
What is CP free cash flow?
Canadian Pacific Kansas City Limited generated C$2.95B of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of C$5.78B less capital expenditures.
What is CP earnings per share?
Diluted earnings per share were C$4.33 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
When did CP last report financial results?
The latest statements here come from Canadian Pacific Kansas City Limited's 10-Q filed on Oct 29, 2026, covering the period ended Sep 30, 2026.
Where does this CP financial data come from?
Quantisnow builds these statements from the structured XBRL data Canadian Pacific Kansas City Limited files with the SEC. It is provided for information only and is not investment advice.