Filing Flows › Canadian Pacific Kansas City (CP) › Operating margin
Canadian Pacific Kansas City (CP) operating margin by quarter
Canadian Pacific Kansas City's operating margin was 35.2% in Q3 2026 (third quarter 2026), -0.1 pts from Q2 2026. Over the last 7 quarters it ranged from 34.0% (Q1 2026) to 41.1% (Q4 2025).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 35.2% | -0.1 pts | -1.2 pts |
| Q2 2026 | 35.4% | +1.4 pts | -1.0 pts |
| Q1 2026 | 34.0% | -7.1 pts | -0.7 pts |
| Q4 2025 | 41.1% | +4.6 pts | — |
| Q3 2025 | 36.5% | +0.2 pts | — |
| Q2 2025 | 36.3% | +1.6 pts | — |
| Q1 2025 | 34.7% | — | — |
Q3 2026 at a glance
Canadian Pacific Kansas City, Q3 2026: revenue $4.2B (+15% year over year), operating margin 35.2%, net earnings $916M, operating cash flow $1.6B. The chart follows the revenue to costs, profit and cash.
Questions
What is Canadian Pacific Kansas City's operating margin?
Canadian Pacific Kansas City's operating margin was 35.2% in Q3 2026 (third quarter 2026), -0.1 pts from Q2 2026.
How has Canadian Pacific Kansas City's operating margin changed?
Over the last 7 quarters it ranged from 34.0% (Q1 2026) to 41.1% (Q4 2025).
Q3 2026 results → · How Canadian Pacific Kansas City makes money →