# Canadian Pacific Kansas City Ltd: overview

CP · NYSE · CIK 16875 · [Industrials](/sectors/industrials.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/cp.md) · [Financials](/companies/cp/financials.md) · [Filings](/companies/cp/filings.md) · [Insiders](/companies/cp/insiders.md)

Latest reported revenue: [CAD 4.14bn](/filings/0000016875-26-000026.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Jul 30, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0000016875-26-000026).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [3,503](/filings/0000016875-25-000039.md) | [3,844 d](/filings/0000016875-26-000008.md) | [3,768](/filings/0000016875-26-000015.md) | [3,673](/filings/0000016875-26-000026.md) | [3,634](/filings/0000016875-25-000039.md) | [3,894 d](/filings/0000016875-26-000008.md) | [3,673](/filings/0000016875-26-000015.md) | [4,137](/filings/0000016875-26-000026.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [34.3%](/filings/0000016875-25-000039.md) | [40.6% d](/filings/0000016875-26-000008.md) | [35.0%](/filings/0000016875-26-000015.md) | [36.6%](/filings/0000016875-26-000026.md) | [36.8%](/filings/0000016875-25-000039.md) | [41.4% d](/filings/0000016875-26-000008.md) | [34.2%](/filings/0000016875-26-000015.md) | [35.6%](/filings/0000016875-26-000026.md) |
| Net margin | % | [23.9%](/filings/0000016875-25-000039.md) | [31.2% d](/filings/0000016875-26-000008.md) | [24.2%](/filings/0000016875-26-000015.md) | [33.6%](/filings/0000016875-26-000026.md) | [25.3%](/filings/0000016875-25-000039.md) | [27.7% d](/filings/0000016875-26-000008.md) | [23.0%](/filings/0000016875-26-000015.md) | [24.8%](/filings/0000016875-26-000026.md) |
| Diluted EPS | $ per share | [0.90](/filings/0000016875-25-000039.md) | not reported | [0.97](/filings/0000016875-26-000015.md) | [1.33](/filings/0000016875-26-000026.md) | [1.01](/filings/0000016875-25-000039.md) | not reported | [0.94](/filings/0000016875-26-000015.md) | [1.15](/filings/0000016875-26-000026.md) |
| Free cash flow | $m | [524](/filings/0000016875-25-000039.md) | [962 d](/filings/0000016875-26-000008.md) | [445](/filings/0000016875-26-000015.md) | [612](/filings/0000016875-26-000026.md) | [414](/filings/0000016875-25-000039.md) | [736 d](/filings/0000016875-26-000008.md) | [312](/filings/0000016875-26-000015.md) | [968](/filings/0000016875-26-000026.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 12-month figure less the 9-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $bn | [7.9](/filings/0000016875-24-000009.md) | [8.7](/filings/0000016875-25-000008.md) | [12.4](/filings/0000016875-26-000008.md) | [14.4](/filings/0000016875-26-000008.md) | [15.0](/filings/0000016875-26-000008.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [40.5%](/filings/0000016875-24-000009.md) | [38.1%](/filings/0000016875-25-000008.md) | [35.3%](/filings/0000016875-26-000008.md) | [35.9%](/filings/0000016875-26-000008.md) | [37.5%](/filings/0000016875-26-000008.md) |
| Net margin | % | [36.0%](/filings/0000016875-24-000009.md) | [40.3%](/filings/0000016875-25-000008.md) | [31.6%](/filings/0000016875-26-000008.md) | [25.8%](/filings/0000016875-26-000008.md) | [27.7%](/filings/0000016875-26-000008.md) |
| Diluted EPS | $ per share | [4.18](/filings/0000016875-24-000009.md) | [3.77](/filings/0000016875-25-000008.md) | [4.21](/filings/0000016875-26-000008.md) | [3.98](/filings/0000016875-26-000008.md) | [4.51](/filings/0000016875-26-000008.md) |
| Free cash flow | $bn | [2.2](/filings/0000016875-24-000009.md) | [2.6](/filings/0000016875-25-000008.md) | [1.7](/filings/0000016875-26-000008.md) | [2.4](/filings/0000016875-26-000008.md) | [2.2](/filings/0000016875-26-000008.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/cp/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [ROYAL BANK OF CANADA](/funds/1000275.md) | 2026-06-30 | $4.70bn | 54,236,633 |  | Added +1,284,174 |
| [TCI FUND MANAGEMENT LTD](/funds/1647251.md) | 2026-06-30 | $3.93bn | 45,325,726 |  | Reduced −1,196,197 |
| [JPMORGAN CHASE & CO](/funds/19617.md) | 2026-06-30 | $2.29bn | 26,369,828 |  | Added +10,625,372 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $2.13bn | 24,565,613 |  | Reduced −101,082 |
| [FMR LLC](/funds/315066.md) | 2026-06-30 | $2.11bn | 24,316,233 |  | Added +4,157,528 |
| [MACKENZIE FINANCIAL CORP](/funds/919859.md) | 2026-06-30 | $2.10bn | 17,049,319 |  | Added +1,423,357 |
| [FIL Ltd](/funds/318989.md) | 2026-06-30 | $1.84bn | 21,218,898 |  | Added +217,831 |
| [Invesco Ltd.](/funds/914208.md) | 2026-06-30 | $1.77bn | 20,465,048 |  | Reduced −1,813,742 |
| [BANK OF MONTREAL /CAN/](/funds/927971.md) | 2026-06-30 | $1.72bn | 19,886,289 |  | Added +206,615 |
| [WCM INVESTMENT MANAGEMENT, LLC](/funds/1061186.md) | 2026-06-30 | $1.33bn | 15,281,812 |  | Reduced −802,508 |

## Recent filings

[All 1,357 filings](/companies/cp/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-30 | 15:50 ET | [8-K](/filings/0000016875-26-000035.md) | 8.01 Other events | 0000016875-26-000035 |
| 2026-10-29 | 18:14 ET | [10-Q](/filings/0000016875-26-000033.md) | Quarterly report, period 2026-09-30 | 0000016875-26-000033 |
| 2026-10-28 | 16:20 ET | [8-K](/filings/0000016875-26-000031.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0000016875-26-000031 |
| 2026-09-29 | 16:25 ET | [8-K](/filings/0001193125-26-407607.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-407607 |
| 2026-07-30 | 11:22 ET | [8-K](/filings/0001193125-26-325242.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-325242 |
| 2026-07-30 | 18:16 ET | [10-Q](/filings/0000016875-26-000026.md) | Quarterly report, period 2026-06-30 | 0000016875-26-000026 |
| 2026-07-29 | 16:52 ET | [8-K](/filings/0001193125-26-324144.md) | 5.02 Departure or appointment of officers or directors; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001193125-26-324144 |
| 2026-07-29 | 16:18 ET | [8-K](/filings/0000016875-26-000024.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0000016875-26-000024 |
| 2026-07-08 | 16:19 ET | [8-K](/filings/0001193125-26-298557.md) | 1.01 Entry into a material agreement; 9.01 Financial statements and exhibits | 0001193125-26-298557 |
| 2026-04-30 | 16:04 ET | [8-K](/filings/0001193125-26-197150.md) | 5.07 Shareholder vote results; 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-197150 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0000016875-26-000008.md), filed Feb 26, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/42829b78-b67d-4de7-8af9-16cf8a332bd5)

## About the filer

- CIK: 16875
- Tickers: CP
- Exchange: NYSE
- SIC code: 4011 Railroads, Line-Haul Operating
- State of incorporation: Z4
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 30, 2026, 15:54 ET. No prices; not investment advice.