Canadian National Railway (CNI) Operating Expenses (2009 - 2026)
Canadian National Railway (CNI) posted quarterly Operating Expenses of $2.8 billion for Q1 2026, up 1.32% year-over-year from $2.8 billion in Q1 2025, and up 3.63% quarter-over-quarter from $2.7 billion in Q4 2025.
Canadian National Railway (CNI) Operating Expenses (2009 - 2026) Analysis & Trends
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 $10.9 billion (changed 0.22% YoY), while the FY2022 annual figure was $218.0 million, up 57.97% from the prior year.
- Operating Expenses for Q1 2026 stood at $2.8 billion, up from $2.7 billion in the prior quarter.
- The five-year high for Operating Expenses was $2.8 billion in Q1 2026, with the low at $2.5 billion in Q2 2023.
- The 5-year median for Operating Expenses is $2.6 billion (2022), against an average of $2.6 billion.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses climbed 20.26% in 2022, then retreated 4.58% in 2023.
- Canadian National Railway's Operating Expenses stood at $2.6 billion in 2022, then gained by 0.87% to $2.7 billion in 2023, then climbed by 2.9% to $2.7 billion in 2024, then advanced by 0.04% to $2.7 billion in 2025, then advanced by 3.63% to $2.8 billion in 2026.
- Business Quant data shows CNI's Operating Expenses at $2.8 billion in Q1 2026, $2.7 billion in Q4 2025, and $2.6 billion in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 180.52 Bn | 178.40 Bn | 6.50 Bn | 4.10 Bn |
| 2 | Csx | 94.59 Bn | 93.20 Bn | 3.29 Bn | 2.43 Bn |
| 3 | Canadian Pacific Kansas City | 84.21 Bn | 83.94 Bn | 2.92 Bn | 1.95 Bn |
| 4 | Canadian National Railway | 78.52 Bn | 78.52 Bn | - | 2.83 Bn |
| 5 | Norfolk Southern | 77.93 Bn | 76.86 Bn | - | 2.34 Bn |
| 6 | Westinghouse Air Brake Technologies | 49.47 Bn | 48.80 Bn | 1.16 Bn | 561.00 Mn |
| 7 | Trinity Industries | 2.37 Bn | 2.21 Bn | 109.90 Mn | 51.10 Mn |
| 8 | Greenbrier Companies | 1.42 Bn | 1.15 Bn | 81.10 Mn | 55.20 Mn |
| 9 | Foster L B | 390.24 Mn | 384.46 Mn | 30.87 Mn | 24.11 Mn |
| 10 | FreightCar America | 228.00 Mn | 163.70 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.83 Bn |
| Dec 31, 2025 | 2.73 Bn |
| Sep 30, 2025 | 2.56 Bn |
| Mar 31, 2025 | 2.79 Bn |
| Dec 31, 2024 | 2.73 Bn |
| Sep 30, 2024 | 2.60 Bn |
| Jun 30, 2024 | 2.77 Bn |
| Mar 31, 2024 | 2.70 Bn |
| Dec 31, 2023 | 2.65 Bn |
| Sep 30, 2023 | 2.47 Bn |
| Jun 30, 2023 | 2.46 Bn |
| Mar 31, 2023 | 2.65 Bn |
| Dec 31, 2022 | 2.63 Bn |
| Sep 30, 2022 | 2.58 Bn |
| Jun 30, 2022 | 2.58 Bn |
| Mar 31, 2022 | 2.48 Bn |
| Dec 31, 2021 | 2.19 Bn |
| Sep 30, 2021 | 2.25 Bn |
| Jun 30, 2021 | 2.22 Bn |
| Mar 31, 2021 | 2.21 Bn |