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

Canadian National Railway has reported Operating Expenses for 18 years, with the latest figure at $3.0 billion in Q2 2026.

• On a quarterly basis, Operating Expenses rose 12.83% year-over-year to $3.0 billion in Q2 2026; TTM through Jun 2026 was $11.1 billion, a 3.16% increase from a year earlier, with the FY2025 full-year figure at $7.7 billion, down 2.75% from the prior year.
• Operating Expenses was $3.0 billion for Q2 2026 at Canadian National Railway, up from $2.8 billion in the prior quarter.
• The five-year high for Operating Expenses was $3.0 billion in Q2 2026, with the low at $2.5 billion in Q2 2023.
• Average Operating Expenses over 5 years is $2.7 billion, with a median of $2.6 billion recorded in 2023.
• The sharpest annual moves came in 2022 and 2025: Operating Expenses increased 20.26% in 2022, then dropped 4.94% in 2025.
• Over 5 years, Operating Expenses stood at $2.6 billion in 2022, then climbed by 0.87% to $2.7 billion in 2023, then increased by 2.9% to $2.7 billion in 2024, then grew by 0.04% to $2.7 billion in 2025, then rose by 8.82% to $3.0 billion in 2026.
• The last three Operating Expenses figures came in at $3.0 billion (Q2 2026), $2.8 billion (Q1 2026), and $2.7 billion (Q4 2025), per Business Quant data.