Financial Statements — CP
Balance Sheet
(in billions CAD)| Metric | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 0.41 | 0.41 | 0.80 | 0.70 | 0.46 | 0.56 | 0.52 | 0.29 | 0.33 | 0.29 | 0.14 | 0.15 | 0.09 | 0.21 | 0.89 | 0.36 |
| Short-term Investments | -- | -- | -- | -- | -- | -- | -- | 0.27 | 0.26 | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 2.20 | 2.12 | 2.01 | 2.04 | 1.94 | 1.89 | 1.94 | 1.85 | 1.66 | 1.03 | 1.05 | 0.96 | 0.82 | 0.81 | 0.76 | 0.84 |
| Total Current Assets | 3.40 | 3.27 | 3.53 | 3.46 | 3.07 | 3.21 | 3.15 | 3.07 | 2.92 | 1.78 | 1.64 | 1.61 | 1.41 | 1.45 | 1.99 | 1.62 |
| Property, Plant & Equipment | 56.13 | 55.62 | 54.46 | 56.17 | 53.24 | 53.47 | 52.69 | 52.26 | 51.18 | 22.56 | 22.15 | 21.50 | 21.12 | 21.01 | 20.64 | 20.50 |
| Goodwill | 18.75 | 18.72 | 18.35 | 19.33 | 18.16 | 18.41 | 18.23 | 18.15 | 17.67 | -- | -- | -- | -- | -- | -- | -- |
| Intangible Assets | 2.94 | 2.98 | 2.94 | 3.12 | 2.97 | 3.04 | 3.03 | 3.06 | 3.02 | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Assets* | 84.28 | 83.42 | 81.66 | 84.58 | 79.15 | 79.59 | 78.52 | 77.93 | 76.25 | 71.72 | 71.79 | 68.26 | 66.19 | 24.99 | 22.72 | 22.50 |
| Total Assets | 87.68 | 86.69 | 85.18 | 88.04 | 82.23 | 82.79 | 81.67 | 81.00 | 79.17 | 73.50 | 73.44 | 69.87 | 67.59 | 26.45 | 24.70 | 24.12 |
| Accounts Payable | 2.63 | 2.90 | 2.74 | 2.74 | 2.59 | 2.61 | 2.53 | 2.61 | 2.43 | 1.58 | 1.58 | 1.51 | 1.45 | 1.74 | 1.95 | 1.42 |
| Total Current Liabilities | 5.07 | 5.20 | 3.78 | 4.25 | 5.80 | 6.28 | 6.42 | 4.39 | 4.34 | 2.68 | 2.81 | 3.21 | 3.19 | 3.68 | 2.82 | 3.20 |
| Long-term Debt | 21.88 | 21.59 | 21.23 | 21.14 | 18.71 | 18.96 | 18.83 | 21.76 | 21.35 | 18.07 | 19.34 | 18.37 | 17.92 | 8.04 | 7.85 | 7.96 |
| Total Non-current Liabilities* | 35.20 | 34.83 | 34.26 | 34.55 | 31.35 | 31.69 | 31.48 | 34.35 | 33.83 | 31.30 | 32.81 | 31.25 | 30.42 | 13.30 | 12.92 | 13.06 |
| Total Liabilities | 40.27 | 40.03 | 38.03 | 38.80 | 37.15 | 37.97 | 37.91 | 38.74 | 38.17 | 33.98 | 35.62 | 34.46 | 33.61 | 16.98 | 15.74 | 16.26 |
| Retained Earnings | 19.94 | 19.18 | 19.86 | 19.88 | 18.41 | 17.75 | 17.02 | 15.58 | 14.97 | 13.82 | 12.11 | 11.39 | 10.80 | 10.04 | 9.69 | 8.57 |
| Total Stockholder Equity | 46.45 | 45.70 | 46.20 | 48.25 | 44.14 | 43.87 | 42.82 | 41.31 | 40.08 | 39.52 | 37.81 | 35.41 | 33.99 | 9.47 | 8.97 | 7.87 |
* Derived from reported values
Income Statement
(in billions CAD) (except per-share rows)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Total Revenue | 3.67 | 3.89 | 3.63 | 3.67 | 3.77 | 3.84 | 3.50 | 3.58 | 3.49 | 3.75 | 3.31 | 3.14 | 2.24 | 2.44 | 2.29 | 2.18 | 1.82 | 2.02 | 1.92 | 2.03 |
| Operating Income | 1.26 | 1.61 | 1.34 | 1.34 | 1.32 | 1.56 | 1.20 | 1.27 | 1.15 | 1.44 | 1.17 | 0.94 | 0.83 | 0.99 | 0.94 | 0.87 | 0.54 | 0.83 | 0.77 | 0.82 |
| Pretax Income | 1.12 | 1.48 | 1.21 | 1.59 | 1.20 | 1.45 | 1.10 | 1.20 | 1.03 | 1.29 | 1.04 | (6.35) | 0.96 | 1.37 | 1.09 | 1.01 | 0.68 | 0.68 | 0.64 | 1.50 |
| Tax Provision | 0.28 | 0.40 | 0.30 | 0.36 | 0.29 | 0.25 | 0.26 | 0.29 | 0.26 | 0.28 | 0.26 | (7.67) | 0.16 | 0.10 | 0.20 | 0.25 | 0.09 | 0.15 | 0.17 | 0.26 |
| Net Income | 0.85 | 1.08 | 0.92 | 1.23 | 0.91 | 1.20 | 0.84 | 0.91 | 0.78 | 1.02 | 0.78 | 1.32 | 0.80 | 1.27 | 0.89 | 0.77 | 0.59 | 0.53 | 0.47 | 1.25 |
| Basic EPS | 0.94 | 1.19 | 1.01 | 1.34 | 0.98 | 1.28 | 0.90 | 0.97 | 0.83 | 1.10 | 0.84 | 1.42 | 0.86 | 1.37 | 0.96 | 0.82 | 0.63 | (2.90) | 0.71 | 1.87 |
| Diluted EPS | 0.94 | 1.20 | 1.01 | 1.33 | 0.97 | 1.28 | 0.90 | 0.97 | 0.83 | 1.09 | 0.84 | 1.42 | 0.86 | 1.36 | 0.96 | 0.82 | 0.63 | (2.88) | 0.70 | 1.86 |
Cash Flow Statement
(in billions CAD)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Operating Cash Flow | 0.98 | 1.52 | 1.27 | 1.36 | 1.16 | 1.70 | 1.27 | 1.28 | 1.01 | 1.34 | 1.03 | 0.89 | 0.88 | 1.72 | 1.10 | 0.71 | 0.61 | 0.60 | 0.55 | 1.95 |
| Capital Expenditures | 0.66 | 0.79 | 0.86 | 0.74 | 0.71 | 0.74 | 0.75 | 0.81 | 0.53 | 0.70 | 0.73 | 0.63 | 0.41 | 0.54 | 0.42 | 0.37 | 0.23 | 0.42 | 0.37 | 0.42 |
| Free Cash Flow* | 0.31 | 0.74 | 0.41 | 0.61 | 0.45 | 0.96 | 0.52 | 0.47 | 0.49 | 0.64 | 0.29 | 0.26 | 0.48 | 1.18 | 0.68 | 0.34 | 0.39 | 0.18 | 0.18 | 1.54 |
| Investing Cash Flow | (0.67) | (0.76) | (0.88) | (0.31) | (0.71) | (0.71) | (0.76) | (0.78) | (0.54) | (0.40) | (0.74) | (0.62) | (0.40) | (0.52) | (0.41) | (0.36) | (0.21) | (10.91) | (2.13) | (0.40) |
| Financing Cash Flow | (0.08) | (0.98) | (0.78) | (0.90) | (0.48) | (0.76) | (0.60) | (0.46) | (0.43) | (0.75) | (0.32) | (0.23) | (0.64) | (0.89) | (0.72) | (0.30) | (0.39) | 10.13 | 0.90 | (1.02) |
* Derived from reported values
Dividends Per Share
(USD)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Dividends Per Share | 0.23 | 0.23 | 0.23 | 0.23 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | (0.57) | 0.19 | 0.19 |
