Canadian Pacific Kansas City (CP) Operating Expenses (2015 - 2026)

Canadian Pacific Kansas City (CP) recorded quarterly Operating Expenses of $1.8 billion in Q1 2026, up 7.54% quarter-over-quarter from $1.7 billion in Q4 2025, and up 3.16% on a YoY basis from $1.7 billion in Q1 2025.

Canadian Pacific Kansas City (CP) Operating Expenses (2015 - 2026) Analysis & Trends

Canadian Pacific Kansas City's Operating Expenses history runs 12 years deep, the most recent figure standing at $1.8 billion for Q1 2026.

  • In Q1 2026, Operating Expenses rose 3.16% year-over-year to $1.8 billion; the TTM figure through Mar 2026 stood at $6.8 billion (changed 0.24% YoY), while the FY2025 annual figure was $6.8 billion, down 0.94% from the prior year.
  • Operating Expenses was $1.8 billion for Q1 2026 at Canadian Pacific Kansas City, up from $1.7 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $1.8 billion in Q1 2026 to a low of $1.0 billion in Q1 2022.
  • Historically, Operating Expenses has averaged $1.5 billion across 5 years, with a median of $1.7 billion in 2023.
  • The sharpest annual moves came in 2022 and 2024: Operating Expenses jumped 376.6% in 2022, then slipped 3.38% in 2024.
  • A 5-year view of Operating Expenses shows it stood at $1.1 billion in 2022, then jumped by 57.99% to $1.7 billion in 2023, then dropped by 3.38% to $1.7 billion in 2024, then dropped by 0.0% to $1.7 billion in 2025, then advanced by 7.54% to $1.8 billion in 2026.
  • The last three Operating Expenses figures came in at $1.8 billion (Q1 2026), $1.7 billion (Q4 2025), and $1.7 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Union Pacific 152.26 Bn 151.22 Bn 5.85 Bn 3.76 Bn
2 Csx 84.99 Bn 83.89 Bn 3.18 Bn 2.23 Bn
3 Norfolk Southern 67.33 Bn 65.99 Bn 2.74 Bn 2.12 Bn
4 Canadian Pacific Kansas City 56.27 Bn 56.68 Bn 2.36 Bn 1.78 Bn
5 Westinghouse Air Brake Technologies 46.65 Bn 46.16 Bn 1.06 Bn 544.00 Mn
6 Trinity Industries 2.76 Bn 2.82 Bn 128.90 Mn 50.70 Mn
7 Greenbrier Companies 1.54 Bn 1.05 Bn 69.50 Mn 57.40 Mn
8 Foster L B 438.47 Mn 435.35 Mn 25.70 Mn 23.03 Mn
9 Rail Vision 179.83 Mn 159.33 Mn 504,000.00 -6.53 Mn
10 FreightCar America 178.32 Mn 114.02 Mn - -

Historic Data

Download Data
DateValue
Mar 31, 2026 1.78 Bn
Dec 31, 2025 1.66 Bn
Sep 30, 2025 1.69 Bn
Jun 30, 2025 1.70 Bn
Mar 31, 2025 1.73 Bn
Dec 31, 2024 1.66 Bn
Sep 30, 2024 1.72 Bn
Jun 30, 2024 1.71 Bn
Mar 31, 2024 1.76 Bn
Dec 31, 2023 1.71 Bn
Sep 30, 2023 1.62 Bn
Jun 30, 2023 1.66 Bn
Mar 31, 2023 1.06 Bn
Dec 31, 2022 1.09 Bn
Sep 30, 2022 1.05 Bn
Jun 30, 2022 1.05 Bn
Mar 31, 2022 1.03 Bn
Dec 31, 2021 227.69 Mn
Sep 30, 2021 927.87 Mn
Jun 30, 2021 1.00 Bn