Canadian Pacific Kansas City (CP) Operating Margin (2014 - 2026)

Canadian Pacific Kansas City's Operating Margin history runs 13 years deep, the most recent figure standing at 33.99% for Q1 2026.

• In Q1 2026, Operating Margin fell 71.0% year-over-year to 33.99%; the TTM figure through Mar 2026 stood at 37.02% (up 95.0% YoY), while the FY2025 annual figure was 37.2%, up 160.0% from the prior year.
• Operating Margin was 33.99% for Q1 2026 at Canadian Pacific Kansas City, down from 41.12% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 41.12% in Q4 2025 to a low of 29.11% in Q1 2022.
• Historically, Operating Margin has averaged 36.09% across 5 years, with a median of 36.31% in 2025.
• Biggest YoY gain for Operating Margin was 10141 bps in 2022; the steepest drop was 1071 bps in 2022.
• A 5-year view of Operating Margin shows it stood at 40.17% in 2022, then slipped by 5 bps to 38.19% in 2023, then advanced by 5 bps to 40.27% in 2024, then gained by 2 bps to 41.12% in 2025, then retreated by 17 bps to 33.99% in 2026.
• The last three Operating Margin figures came in at 33.99% (Q1 2026), 41.12% (Q4 2025), and 36.49% (Q3 2025), per Business Quant data.