Canadian National Railway (CNI) Operating Expenses (2009 - 2026)

Canadian National Railway's Operating Expenses history runs 15 years deep, the most recent figure standing at $2.8 billion for Q1 2026.

• In Q1 2026, Operating Expenses rose 1.32% year-over-year to $2.8 billion; the TTM figure through Mar 2026 stood at $10.8 billion (down 1.24% YoY), while the FY2022 annual figure was $84.0 million, changed N/A from the prior year.
• Operating Expenses was $2.8 billion for Q1 2026 at Canadian National Railway, up from $2.7 billion in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $2.8 billion in Q1 2026 to a low of $2.5 billion in Q2 2023.
• Historically, Operating Expenses has averaged $2.6 billion across 5 years, with a median of $2.6 billion in 2025.
• The sharpest annual moves came in 2022 and 2025: Operating Expenses grew 20.26% in 2022, then slipped 4.94% in 2025.
• A 5-year view of Operating Expenses shows it stood at $2.6 billion in 2022, then advanced by 0.87% to $2.7 billion in 2023, then grew by 2.9% to $2.7 billion in 2024, then climbed by 0.04% to $2.7 billion in 2025, then climbed by 3.63% to $2.8 billion in 2026.
• The last three Operating Expenses figures came in at $2.8 billion (Q1 2026), $2.7 billion (Q4 2025), and $2.6 billion (Q3 2025), per Business Quant data.