Canadian Pacific Kansas City Ltd (CP) stock
CPNYSERailroads, Line-Haul OperatingFiscal year ends December 31
$94.60+0.83 (+0.89%)
Close on Nov 12, 2026Market cap $82.26BP/E 30.8Yield 0.65%
Canadian Pacific Kansas City operating margin
Operating margin is operating income as a percentage of revenue.
Canadian Pacific Kansas City's operating margin for the twelve months ending Sep 30, 2026 was 36.4%. For fiscal 2025 it was 37.2%, against 35.6% the year before. The highest annual figure on record is 42.9% in fiscal 2020.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 37.2% | +1.6 |
| FY2024 | Dec 31, 2024 | 35.6% | +0.7 |
| FY2023 | Dec 31, 2023 | 35.0% | −2.8 |
| FY2022 | Dec 31, 2022 | 37.8% | −2.3 |
| FY2021 | Dec 31, 2021 | 40.1% | −2.8 |
| FY2020 | Dec 31, 2020 | 42.9% | +2.9 |
| FY2019 | Dec 31, 2019 | 40.1% | +1.4 |
| FY2018 | Dec 31, 2018 | 38.7% | +0.3 |
| FY2017 | Dec 31, 2017 | 38.4% | −0.3 |
| FY2016 | Dec 31, 2016 | 38.7% | −1.4 |
| FY2015 | Dec 31, 2015 | 40.0% | +4.7 |
| FY2014 | Dec 31, 2014 | 35.3% | +12.2 |
| FY2013 | Dec 31, 2013 | 23.2% | +6.5 |
| FY2012 | Dec 31, 2012 | 16.7% | −2.0 |
| FY2011 | Dec 31, 2011 | 18.7% | −3.7 |
| FY2010 | Dec 31, 2010 | 22.4% | +3.6 |
| FY2009 | Dec 31, 2009 | 18.9% | −1.7 |
| FY2008 | Dec 31, 2008 | 20.6% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 35.2% | −1.2 |
| Q2 FY2026 | Jun 30, 2026 | 35.4% | −1.0 |
| Q1 FY2026 | Mar 31, 2026 | 34.0% | −0.7 |
| Q4 FY2025 | Dec 31, 2025 | 41.1% | +0.8 |
| Q3 FY2025 | Sep 30, 2025 | 36.5% | +2.6 |
| Q2 FY2025 | Jun 30, 2025 | 36.3% | +1.1 |
| Q1 FY2025 | Mar 31, 2025 | 34.7% | +2.1 |
| Q4 FY2024 | Dec 31, 2024 | 40.3% | +2.1 |
| Q3 FY2024 | Sep 30, 2024 | 33.9% | −1.2 |
| Q2 FY2024 | Jun 30, 2024 | 35.2% | +5.4 |
| Q1 FY2024 | Mar 31, 2024 | 32.6% | −3.9 |
| Q4 FY2023 | Dec 31, 2023 | 38.2% | −2.0 |
| Q3 FY2023 | Sep 30, 2023 | 35.1% | −5.4 |
| Q2 FY2023 | Jun 30, 2023 | 29.7% | −9.7 |
| Q1 FY2023 | Mar 31, 2023 | 36.6% | +7.5 |
| Q4 FY2022 | Dec 31, 2022 | 40.2% | −0.6 |
| Q3 FY2022 | Sep 30, 2022 | 40.5% | +0.7 |
| Q2 FY2022 | Jun 30, 2022 | 39.4% | −0.5 |
| Q1 FY2022 | Mar 31, 2022 | 29.1% | −10.7 |
| Q4 FY2021 | Dec 31, 2021 | 40.8% | −5.3 |
| Q3 FY2021 | Sep 30, 2021 | 39.9% | −2.0 |
| Q2 FY2021 | Jun 30, 2021 | 39.9% | −3.0 |
| Q1 FY2021 | Mar 31, 2021 | 39.8% | −1.0 |
| Q4 FY2020 | Dec 31, 2020 | 46.1% | +3.1 |
| Q3 FY2020 | Sep 30, 2020 | 41.8% | −2.1 |
| Q2 FY2020 | Jun 30, 2020 | 43.0% | +1.4 |
| Q1 FY2020 | Mar 31, 2020 | 40.8% | +10.1 |
| Q4 FY2019 | Dec 31, 2019 | 43.0% | −0.6 |
| Q3 FY2019 | Sep 30, 2019 | 43.9% | +2.3 |
| Q2 FY2019 | Jun 30, 2019 | 41.6% | +5.7 |
| Q1 FY2019 | Mar 31, 2019 | 30.7% | −1.8 |
| Q4 FY2018 | Dec 31, 2018 | 43.6% | +3.8 |
| Q3 FY2018 | Sep 30, 2018 | 41.6% | +2.6 |
| Q2 FY2018 | Jun 30, 2018 | 35.8% | −1.4 |
| Q1 FY2018 | Mar 31, 2018 | 32.5% | −5.2 |
| Q4 FY2017 | Dec 31, 2017 | 39.8% | −4.0 |
| Q3 FY2017 | Sep 30, 2017 | 39.0% | – |
| Q2 FY2017 | Jun 30, 2017 | 37.2% | – |
| Q1 FY2017 | Mar 31, 2017 | 37.7% | – |
| Q4 FY2016 | Dec 31, 2016 | 43.8% | – |
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