Canadian National Railway (CNI) Tax Rate (2009 - 2026)

Canadian National Railway's Tax Rate history runs 15 years deep, the most recent figure standing at 24.65% for Q1 2026.

• In Q1 2026, Tax Rate fell 69.0% year-over-year to 24.65%; the TTM figure through Mar 2026 stood at 24.82% (down 83.0% YoY), while the FY2014 annual figure was 0.17%, down 83.0% from the prior year.
• Tax Rate was 24.65% for Q1 2026 at Canadian National Railway, up from 25.22% in the prior quarter.
• In the past five years, Tax Rate ranged from a high of 13.78% in Q4 2023 to a low of 25.22% in Q4 2025.
• Historically, Tax Rate has averaged 22.08% across 5 years, with a median of 24.42% in 2025.
• The sharpest annual moves came in 2023 and 2024: Tax Rate jumped 3829 bps in 2023, then sank 3779 bps in 2024.
• A 5-year view of Tax Rate shows it stood at 24.51% in 2022, then jumped by 156 bps to 13.78% in 2023, then sank by 274 bps to 24.01% in 2024, then declined by 5 bps to 25.22% in 2025, then advanced by 2 bps to 24.65% in 2026.
• The last three Tax Rate figures came in at 24.65% (Q1 2026), 25.22% (Q4 2025), and 24.42% (Q3 2025), per Business Quant data.