Canadian Pacific Kansas City Limited
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | Q4 2025Dec 31, 2025 | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 |
|---|---|---|---|---|---|
| Total Revenue | 3.9B | 3.7B | 3.7B | 3.8B | 3.9B |
| Operating Revenue | 3.9B | 3.7B | 3.7B | 3.8B | 3.9B |
| Cost Of Revenue | 2.3B | 2.3B | 2.4B | 2.5B | 2.3B |
| Gross Profit | 1.6B | 1.3B | 1.3B | 1.3B | 1.6B |
| Selling General And Administration | -- | -- | -- | -- | -- |
| General And Administrative Expense | -- | -- | -- | -- | -- |
| Other Operating Expenses | -- | -- | -- | -- | -- |
| Operating Expense | -- | -- | -- | -- | -- |
| Operating Income | 1.6B | 1.3B | 1.3B | 1.3B | 1.6B |
| EBIT | 1.7B | 1.4B | 1.8B | 1.4B | 1.6B |
| Interest Expense | 230.0M | 222.0M | 208.0M | 216.0M | 203.0M |
| Interest Expense Non Operating | 230.0M | 222.0M | 208.0M | 216.0M | 203.0M |
| Net Interest Income | -230.0M | -222.0M | -208.0M | -216.0M | -203.0M |
| Other Income Expense | 94.0M | 99.0M | 456.0M | 100.0M | 88.0M |
| Other Non Operating Income Expenses | 80.0M | 99.0M | 123.0M | 100.0M | 64.0M |
| Special Income Charges | -- | -- | -- | -- | 22.0M |
| Gain On Sale Of Security | 14.0M | -- | 333.0M | -- | -- |
| Earnings From Equity Interest | -- | -- | -- | -- | 0.00 |
| Pretax Income | 1.5B | 1.2B | 1.6B | 1.2B | 1.4B |
| Tax Provision | 400.0M | 296.0M | 357.0M | 292.0M | 246.0M |
| Tax Effect Of Unusual Items | 3.8M | 0.00 | 74.7M | 0.00 | 4.1M |
| Net Income From Continuing And Discontinued Operation | 1.1B | 920.0M | 1.2B | 910.0M | 1.2B |
| Net Income From Continuing Operation Net Minority Interest | 1.1B | 920.0M | 1.2B | 910.0M | 1.2B |
| Net Income Including Noncontrolling Interests | 1.1B | 917.0M | 1.2B | 909.0M | 1.2B |
| Minority Interests | 0.00 | 3.0M | 0.00 | 1.0M | 2.0M |
| Net Income Common Stockholders | 1.1B | 920.0M | 1.2B | 910.0M | 1.2B |
| Net Income | 1.1B | 920.0M | 1.2B | 910.0M | 1.2B |
| EBITDA | 2.2B | 1.9B | 2.3B | 1.9B | 2.1B |
| Normalized EBITDA | 2.2B | 1.9B | 2.0B | 1.9B | 2.1B |
| Reconciled Depreciation | 519.0M | 503.0M | 493.0M | 504.0M | 488.0M |
| Basic EPS | 1.20 | -- | 1.34 | 0.98 | 1.29 |
| Diluted EPS | 1.20 | -- | 1.33 | 0.97 | 1.28 |
| Basic Average Shares | 897.8M | -- | 923.8M | 933.2M | 933.4M |
| Diluted Average Shares | 898.4M | -- | 924.8M | 934.3M | 934.8M |
| Total Unusual Items | 14.0M | -- | 333.0M | -- | 24.0M |
| Total Unusual Items Excluding Goodwill | 14.0M | -- | 333.0M | -- | 24.0M |
| Tax Rate For Calcs | 0.27 | 0.24 | 0.22 | 0.24 | 0.17 |
| Normalized Income | 1.1B | 920.0M | 975.7M | 910.0M | 1.2B |
| Diluted NI Availto Com Stockholders | 1.1B | 920.0M | 1.2B | 910.0M | 1.2B |
| Gain On Sale Of Business | -- | -- | -- | -- | 0.00 |
| Net Income Continuous Operations | 1.1B | 917.0M | 1.2B | 909.0M | 1.2B |
| Net Non Operating Interest Income Expense | -230.0M | -222.0M | -208.0M | -216.0M | -203.0M |
| Reconciled Cost Of Revenue | 2.3B | 2.3B | 2.4B | 2.5B | 2.3B |
| Rent Expense Supplemental | 97.0M | 109.0M | 103.0M | 99.0M | 94.0M |
| Salaries And Wages | -- | -- | -- | -- | -- |
| Total Expenses | 2.3B | 2.3B | 2.4B | 2.5B | 2.3B |
| Total Operating Income As Reported | 1.6B | 1.3B | 1.3B | 1.3B | 1.6B |
| Line Item | Q4 2025Dec 31, 2025 | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 |
|---|---|---|---|---|---|
| Cash And Cash Equivalents | 184.0M | 411.0M | 799.0M | 695.0M | 739.0M |
| Cash Cash Equivalents And Short Term Investments | 184.0M | 411.0M | 799.0M | 695.0M | 739.0M |
| Accounts Receivable | 2.0B | 2.1B | 2.0B | 2.0B | 2.0B |
| Receivables | 2.0B | 2.1B | 2.0B | 2.0B | 2.0B |
| Inventory | 502.0M | 485.0M | 455.0M | 466.0M | 457.0M |
| Other Current Assets | 224.0M | 259.0M | 266.0M | 255.0M | 220.0M |
| Current Assets | 2.9B | 3.3B | 3.5B | 3.5B | 3.4B |
| Gross PPE | 66.2B | -- | -- | -- | 65.9B |
| Accumulated Depreciation | -12.3B | -- | -- | -- | -11.4B |
| Net PPE | 54.0B | 55.6B | 54.5B | 56.2B | 54.5B |
| Goodwill | 18.4B | 18.7B | 18.4B | 19.3B | 19.4B |
| Goodwill And Other Intangible Assets | 23.1B | 21.7B | 21.3B | 22.5B | 24.4B |
| Other Intangible Assets | 4.7B | 3.0B | 2.9B | 3.1B | 5.0B |
| Investments And Advances | 473.0M | 472.0M | 454.0M | 588.0M | 586.0M |
| Other Investments | 473.0M | 472.0M | -- | -- | 586.0M |
| Other Non Current Assets | 312.0M | 746.0M | 669.0M | 690.0M | 304.0M |
| Total Non Current Assets | 83.0B | 83.4B | 81.7B | 84.6B | 84.4B |
| Total Assets | 85.9B | 86.7B | 85.2B | 88.0B | 87.7B |
| Current Debt | 3.2B | 2.3B | 1.0B | 1.5B | 2.8B |
| Current Debt And Capital Lease Obligation | 3.4B | 2.3B | 1.0B | 1.5B | 2.9B |
| Accounts Payable | 682.0M | -- | -- | -- | 768.0M |
| Payables | 1.5B | -- | -- | -- | 1.4B |
| Payables And Accrued Expenses | 2.5B | 2.9B | 2.7B | 2.7B | 2.6B |
| Current Accrued Expenses | 1.0B | -- | -- | -- | 1.1B |
| Current Liabilities | 6.0B | 5.2B | 3.8B | 4.2B | 5.7B |
| Long Term Debt | 19.9B | 21.6B | 21.2B | 21.1B | 19.8B |
| Long Term Debt And Capital Lease Obligation | 20.2B | 21.6B | 21.2B | 21.1B | 20.1B |
| Long Term Capital Lease Obligation | 299.0M | -- | -- | -- | 254.0M |
| Other Non Current Liabilities | 108.0M | 944.0M | 875.0M | 866.0M | 118.0M |
| Total Non Current Liabilities Net Minority Interest | 33.1B | 34.8B | 34.3B | 34.5B | 33.2B |
| Total Liabilities Net Minority Interest | 39.1B | 40.0B | 38.0B | 38.8B | 38.9B |
| Common Stock | 24.8B | 24.8B | 25.3B | 25.6B | 25.7B |
| Capital Stock | 24.8B | 24.8B | 25.3B | 25.6B | 25.7B |
| Additional Paid In Capital | 105.0M | 106.0M | 105.0M | 107.0M | 94.0M |
| Retained Earnings | 19.8B | 19.2B | 19.9B | 19.9B | 19.4B |
| Gains Losses Not Affecting Retained Earnings | 1.2B | 1.6B | 951.0M | 2.7B | 2.7B |
| Other Equity Adjustments | 1.2B | 1.6B | 951.0M | 2.7B | 2.7B |
| Common Stock Equity | 45.9B | 45.7B | 46.2B | 48.2B | 47.9B |
| Stockholders Equity | 45.9B | 45.7B | 46.2B | 48.2B | 47.9B |
| Total Equity Gross Minority Interest | 46.8B | 46.7B | 47.1B | 49.2B | 48.9B |
| Minority Interest | 948.0M | 961.0M | 943.0M | 997.0M | 998.0M |
| Total Capitalization | 65.8B | 67.3B | 67.4B | 69.4B | 67.7B |
| Net Tangible Assets | 22.8B | 24.0B | 24.9B | 25.8B | 23.5B |
| Tangible Book Value | 22.8B | 24.0B | 24.9B | 25.8B | 23.5B |
| Working Capital | -3.1B | -1.9B | -253.0M | -787.0M | -2.3B |
| Invested Capital | 69.1B | 69.6B | 68.5B | 70.9B | 70.5B |
| Total Debt | 23.6B | 23.9B | 22.3B | 22.7B | 23.0B |
| Net Debt | 23.0B | 23.5B | 21.5B | 22.0B | 21.9B |
| Share Issued | 897.6M | 901.1M | 917.9M | 930.4M | 933.5M |
| Ordinary Shares Number | 897.6M | 901.1M | 917.9M | 930.4M | 933.5M |
| Allowance For Doubtful Accounts Receivable | -117.0M | -129.0M | -125.0M | -106.0M | -98.0M |
| Buildings And Improvements | 2.0B | -- | -- | -- | 1.9B |
| Capital Lease Obligations | 410.0M | -- | -- | -- | 366.0M |
| Current Capital Lease Obligation | 111.0M | -- | -- | -- | 112.0M |
| Current Provisions | 78.0M | -- | -- | -- | 78.0M |
| Defined Pension Benefit | 5.1B | 4.9B | 4.8B | 4.7B | 4.6B |
| Dividends Payable | 204.0M | -- | -- | -- | 177.0M |
| Employee Benefits | 655.0M | 547.0M | 545.0M | 547.0M | 725.0M |
| Gross Accounts Receivable | 2.1B | 2.2B | 2.1B | 2.1B | 2.1B |
| Interest Payable | 195.0M | -- | -- | -- | 167.0M |
| Land And Improvements | 3.7B | -- | -- | -- | 3.8B |
| Long Term Provisions | 218.0M | -- | -- | -- | 231.0M |
| Non Current Deferred Liabilities | 11.9B | 11.7B | 11.6B | 12.0B | 12.1B |
| Non Current Deferred Revenue | 22.0M | -- | -- | -- | 20.0M |
| Non Current Deferred Taxes Liabilities | 11.8B | 11.7B | 11.6B | 12.0B | 12.0B |
| Non Current Pension And Other Postretirement Benefit Plans | 537.0M | 547.0M | 545.0M | 547.0M | 548.0M |
| Other Current Borrowings | 3.2B | -- | -- | -- | 2.8B |
| Other Payable | 114.0M | -- | -- | -- | 121.0M |
| Other Properties | 51.4B | -- | -- | -- | 51.5B |
| Pensionand Other Post Retirement Benefit Plans Current | 73.0M | -- | -- | -- | 58.0M |
| Properties | -- | -- | -- | -- | -- |
| Total Tax Payable | 459.0M | -- | -- | -- | 379.0M |
| Line Item | Q4 2025Dec 31, 2025 | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 |
|---|---|---|---|---|---|
| Operating Cash Flow | 1.5B | 1.3B | 1.4B | 1.2B | 1.7B |
| Cash Flow From Continuing Operating Activities | 1.5B | 1.3B | 1.4B | 1.2B | 1.7B |
| Depreciation And Amortization | 519.0M | 503.0M | 493.0M | 504.0M | 488.0M |
| Depreciation Amortization Depletion | 519.0M | 503.0M | 493.0M | 504.0M | 488.0M |
| Deferred Tax | 147.0M | -11.0M | 8.0M | 26.0M | -12.0M |
| Deferred Income Tax | 147.0M | -11.0M | 8.0M | 26.0M | -12.0M |
| Change In Working Capital | -52.0M | 13.0M | 9.0M | -166.0M | 119.0M |
| Other Non Cash Items | -83.0M | -55.0M | 39.0M | -11.0M | -5.0M |
| Capital Expenditure | -795.0M | -867.0M | -755.0M | -723.0M | -751.0M |
| Purchase Of PPE | -795.0M | -867.0M | -755.0M | -723.0M | -751.0M |
| Net PPE Purchase And Sale | -753.0M | -866.0M | -751.0M | -712.0M | -706.0M |
| Sale Of Business | 0.00 | 0.00 | 493.0M | -- | 0.00 |
| Purchase Of Investment | -- | -- | -- | -- | -- |
| Net Investment Purchase And Sale | -- | -- | -- | -- | -- |
| Investing Cash Flow | -762.0M | -882.0M | -306.0M | -715.0M | -712.0M |
| Cash Flow From Continuing Investing Activities | -762.0M | -882.0M | -306.0M | -715.0M | -712.0M |
| Issuance Of Debt | -46.0M | 1.2B | 1.4B | 1.7B | -- |
| Repayment Of Debt | -353.0M | -5.0M | -727.0M | -1.7B | -2.0B |
| Net Issuance Payments Of Debt | -399.0M | 1.2B | 673.0M | 37.0M | -600.0M |
| Issuance Of Capital Stock | 21.0M | 14.0M | 30.0M | 8.0M | 14.0M |
| Repurchase Of Capital Stock | -397.0M | -1.8B | -1.4B | -347.0M | -- |
| Net Common Stock Issuance | -376.0M | -1.8B | -1.4B | -339.0M | 14.0M |
| Common Stock Dividend Paid | -204.0M | -205.0M | -210.0M | -177.0M | -177.0M |
| Common Stock Payments | -397.0M | -1.8B | -1.4B | -347.0M | -- |
| Financing Cash Flow | -979.0M | -782.0M | -901.0M | -484.0M | -761.0M |
| Cash Flow From Continuing Financing Activities | -979.0M | -782.0M | -901.0M | -484.0M | -761.0M |
| Effect Of Exchange Rate Changes | -10.0M | 2.0M | -44.0M | -1.0M | 45.0M |
| Changes In Cash | -217.0M | -390.0M | 148.0M | -43.0M | 231.0M |
| Beginning Cash Position | 411.0M | 799.0M | 695.0M | 739.0M | 463.0M |
| End Cash Position | 184.0M | 411.0M | 799.0M | 695.0M | 739.0M |
| Free Cash Flow | 729.0M | 407.0M | 600.0M | 433.0M | 953.0M |
| Income Tax Paid Supplemental Data | 305.0M | 204.0M | 409.0M | 237.0M | 234.0M |
| Interest Paid Supplemental Data | 257.0M | 192.0M | 234.0M | 180.0M | 251.0M |
| Cash Dividends Paid | -204.0M | -205.0M | -210.0M | -177.0M | -177.0M |
| Common Stock Issuance | 21.0M | 14.0M | 30.0M | 8.0M | 14.0M |
| Dividend Received Cfo | -- | -- | -- | -- | 0.00 |
| Earnings Losses From Equity Investments | 333.0M | 0.00 | -333.0M | -- | 0.00 |
| Long Term Debt Issuance | 0.00 | 0.00 | 1.4B | 1.7B | -- |
| Long Term Debt Payments | -352.0M | -5.0M | -5.0M | -935.0M | -2.0B |
| Net Business Purchase And Sale | 0.00 | 0.00 | 493.0M | -- | 0.00 |
| Net Income From Continuing Operations | 1.1B | 917.0M | 1.2B | 909.0M | 1.2B |
| Net Long Term Debt Issuance | -352.0M | -5.0M | 1.4B | 775.0M | -2.0B |
| Net Other Financing Charges | 0.00 | -2.0M | -1.0M | -5.0M | -- |
| Net Other Investing Changes | -9.0M | -16.0M | -48.0M | -3.0M | -6.0M |
| Net Short Term Debt Issuance | -47.0M | 1.2B | -714.0M | -738.0M | 1.4B |
| Operating Gains Losses | -84.0M | -93.0M | -428.0M | -95.0M | -75.0M |
| Pension And Employee Benefit Expense | -84.0M | -93.0M | -95.0M | -95.0M | -75.0M |
| Sale Of PPE | 42.0M | 1.0M | 4.0M | 11.0M | 45.0M |
| Short Term Debt Issuance | -- | 1.2B | 8.0M | -- | -- |
| Short Term Debt Payments | -1.0M | 0.00 | -722.0M | -738.0M | -- |
| Taxes Refund Paid | 0.00 | 0.00 | -- | -11.0M | -10.0M |