Canadian Pacific Kansas City annual operating margin
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Canadian Pacific Kansas City Operating Margin Growth & History (CP)
Canadian Pacific Kansas City's operating margin was 37.47% for fiscal 2025.
View full Canadian Pacific Kansas City company overviewCanadian Pacific Kansas City annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 37.47% | +1.54 pp |
| 2024 | 2024-12-31 | 35.93% | +0.66 pp |
| 2023 | 2023-12-31 | 35.27% | −2.87 pp |
| 2022 | 2022-12-31 | 38.13% | −2.37 pp |
| 2021 | 2021-12-31 | 40.50% | −2.79 pp |
| 2020 | 2020-12-31 | 43.29% | +2.87 pp |
| 2019 | 2019-12-31 | 40.42% | +1.39 pp |
| 2018 | 2018-12-31 | 39.03% | +0.23 pp |
| 2017 | 2017-12-31 | 38.80% | −0.26 pp |
| 2016 | 2016-12-31 | 39.06% | −0.99 pp |
| 2015 | 2015-12-31 | 40.05% | +4.72 pp |
| 2014 | 2014-12-31 | 35.33% | +12.18 pp |
| 2013 | 2013-12-31 | 23.15% | +6.49 pp |
| 2012 | 2012-12-31 | 16.66% | −2.02 pp |
| 2011 | 2011-12-31 | 18.68% | −3.73 pp |
| 2010 | 2010-12-31 | 22.41% | +3.55 pp |
| 2009 | 2009-12-31 | 18.86% | −1.73 pp |
| 2008 | 2008-12-31 | 20.58% | — |
Canadian Pacific Kansas City quarterly operating margin
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Q2.15
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Q1.17
Q2.17
Q3.17
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Q2.18
Q3.18
Q4.18
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Q1.20
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Q1.21
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Q1.22
Q2.22
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Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 35.58% | −0.98 pp |
| Q1 2026 | 2026-03-31 | 34.25% | −0.70 pp |
| Q4 2025 | 2025-12-31 | 41.42% | +0.84 pp |
| Q3 2025 | 2025-09-30 | 36.76% | +2.42 pp |
| Q2 2025 | 2025-06-30 | 36.56% | +1.14 pp |
| Q1 2025 | 2025-03-31 | 34.95% | +2.03 pp |
| Q4 2024 | 2024-12-31 | 40.58% | +2.16 pp |
| Q3 2024 | 2024-09-30 | 34.34% | −1.15 pp |
| Q2 2024 | 2024-06-30 | 35.42% | +5.36 pp |
| Q1 2024 | 2024-03-31 | 32.92% | −4.02 pp |
| Q4 2023 | 2023-12-31 | 38.42% | −2.13 pp |
| Q3 2023 | 2023-09-30 | 35.49% | −5.39 pp |
| Q2 2023 | 2023-06-30 | 30.06% | −9.73 pp |
| Q1 2023 | 2023-03-31 | 36.94% | +7.52 pp |
| Q4 2022 | 2022-12-31 | 40.55% | −0.66 pp |
| Q3 2022 | 2022-09-30 | 40.88% | +0.59 pp |
| Q2 2022 | 2022-06-30 | 39.80% | −0.52 pp |
| Q1 2022 | 2022-03-31 | 29.43% | −10.74 pp |
| Q4 2021 | 2021-12-31 | 41.21% | −5.33 pp |
| Q3 2021 | 2021-09-30 | 40.29% | −1.86 pp |
| Q2 2021 | 2021-06-30 | 40.31% | −3.02 pp |
| Q1 2021 | 2021-03-31 | 40.16% | −0.94 pp |
| Q4 2020 | 2020-12-31 | 46.54% | +3.17 pp |
| Q3 2020 | 2020-09-30 | 42.15% | −2.09 pp |
| Q2 2020 | 2020-06-30 | 43.33% | +1.41 pp |
| Q1 2020 | 2020-03-31 | 41.10% | +10.11 pp |
| Q4 2019 | 2019-12-31 | 43.37% | −0.55 pp |
| Q3 2019 | 2019-09-30 | 44.25% | +2.27 pp |
| Q2 2019 | 2019-06-30 | 41.92% | +5.76 pp |
| Q1 2019 | 2019-03-31 | 30.99% | −1.77 pp |
| Q4 2018 | 2018-12-31 | 43.92% | +3.64 pp |
| Q3 2018 | 2018-09-30 | 41.98% | +2.63 pp |
| Q2 2018 | 2018-06-30 | 36.16% | −1.39 pp |
| Q1 2018 | 2018-03-31 | 32.77% | −5.20 pp |
| Q4 2017 | 2017-12-31 | 40.28% | +5.43 pp |
| Q3 2017 | 2017-09-30 | 39.34% | −2.94 pp |
| Q2 2017 | 2017-06-30 | 37.55% | −0.45 pp |
| Q1 2017 | 2017-03-31 | 37.96% | −3.08 pp |
| Q4 2016 | 2016-12-31 | 34.85% | −5.28 pp |
| Q3 2016 | 2016-09-30 | 42.28% | −1.78 pp |
| Q2 2016 | 2016-06-30 | 38.00% | −1.13 pp |
| Q1 2016 | 2016-03-31 | 41.04% | +4.29 pp |
| Q4 2015 | 2015-12-31 | 40.13% | — |
| Q3 2015 | 2015-09-30 | 44.06% | — |
| Q2 2015 | 2015-06-30 | 39.13% | — |
| Q1 2015 | 2015-03-31 | 36.76% | — |
Canadian Pacific Kansas City operating margin trends
Over the last five reported fiscal years, Canadian Pacific Kansas City's operating margin decreased from 43.29% to 37.47%, a change of −5.82 percentage points. The latest reported quarter, Q2 2026, shows 35.58%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Canadian Pacific Kansas City filings at SEC.gov ↗