Canadian Pacific Kansas City revenue and financials

CP · NYSE · USD

Secondary listing. The primary listing is Canadian Pacific Kansas City · TSX (CAD)

$85.43−0.43%−$0.37

Close · October 6, 2026

In the fiscal year ended December 2025, Canadian Pacific Kansas City reported revenue of $15.08B (+3.66% year over year). Net income was $4.14B, a net margin of 27.5%.

Annual revenue · 2025: $15.08B

$6.23B2016
$6.55B2017
$7.32B2018
$7.79B2019
$7.71B2020
$8B2021
$8.81B2022
$12.56B2023
$14.55B2024
$15.08B2025

Fiscal year ending in December. Sources and method on the page Methodology and sources.

At a glance

Revenue growth: +3.66%; 2025 vs 2024
Net income growth: +11.38%; 2025 vs 2024
Net margin: 27.5%; 2024: 25.6%

Financial data

Amounts in millions of CAD; per-share values in CAD; shares in millions.

Balance sheet · Quarterly
Item	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023
Total assets	89,282	87,684	85,945	86,689	85,180	88,040	87,744	82,225	82,792	81,668	79,902	80,997
Current assets	3,453	3,404	2,939	3,273	3,525	3,460	3,384	3,072	3,205	3,146	3,002	3,069
Cash and equivalents	366	409	184	411	799	695	739	463	557	519	464	294
Short-term investments	—	—	—	—	—	—	—	—	—	—	—	273
Receivables	2,253	2,196	2,029	2,118	2,005	2,044	1,968	1,941	1,893	1,943	1,887	1,852
Inventory	542	534	502	485	455	466	457	407	421	399	400	398
Net property, plant and equipment	57,165	56,126	55,745	55,615	54,458	56,165	56,388	53,242	53,470	52,693	52,091	52,258
Goodwill	19,111	18,748	18,436	18,724	18,352	19,333	19,350	18,160	18,411	18,228	17,729	18,147
Other intangible assets	2,974	2,939	2,911	2,979	2,940	3,120	3,146	2,972	3,035	3,026	2,974	3,061
Long-term investments	522	485	473	472	454	588	586	555	559	561	533	549
Current liabilities	5,812	5,069	5,991	5,201	3,778	4,247	5,661	5,798	6,279	6,424	5,710	4,389
Accounts payable	2,913	2,632	682	2,900	2,736	2,735	768	2,594	2,518	2,525	680	2,349
Long-term debt	22,248	21,883	19,938	21,590	21,227	21,140	19,783	18,710	18,956	18,829	19,320	21,762
Total debt	25,147	24,320	23,598	23,891	22,269	—	—	—	—	—	—	—
Total liabilities	41,675	40,268	39,120	40,030	38,033	38,797	38,854	37,145	37,969	37,907	37,491	38,742
Total equity (incl. minority)	47,607	47,416	46,825	46,659	47,147	49,243	48,890	45,080	44,823	43,761	42,411	42,255
Retained earnings	19,727	19,937	19,783	19,175	19,863	19,883	19,429	18,405	17,745	17,018	16,420	15,575
Minority interest	981	963	948	961	943	997	998	937	951	942	919	945