Canadian Pacific Kansas City Ltd. (CP) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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CP Revenue Growth
Revenue Breakdown (FY 2025)
CP's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
CP Revenue Analysis (2014–2025)
As of May 8, 2026, Canadian Pacific Kansas City Ltd. (CP) generated trailing twelve-month (TTM) revenue of $14.98 billion, reflecting slight decline in growth of -2.5% year-over-year. The most recent quarter (Q1 2026) recorded $3.70 billion in revenue, down 5.7% sequentially.
Looking at the longer-term picture, CP's 5-year compound annual growth rate (CAGR) stands at +14.4%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $15.08 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows CP's business is primarily driven by Cargo and Freight (50%), Grain Revenue (11%), and Energy, Chemicals and Plastic Revenue (10%).
When compared to Industrials sector peers including CNI (+0.5% YoY), UNP (-23.7% YoY), and CSX (-0.9% YoY), CP has underperformed the peer group in terms of revenue growth. Compare CP vs CNI →
CP Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| CPCurrent | $15.0B | -2.5% | +14.4% | 37.2% | |
 CNI | $17.3B | +0.5% | +4.6% | 38.1% | |
 UNP | $24.5B | -23.7% | +4.6% | 40.1% | |
 CSX | $14.1B | -0.9% | +5.9% | 32.1% | |
 NSC | $12.2B | +0.6% | +4.5% | 32.9% | |
 WAB | $11.2B | +9.6% | +8.1% | 16.7% |
CP Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $15.08B | +3.7% | $7.87B | 52.2% | $5.61B | 37.2% |
| 2024 | $14.55B | +15.9% | $7.54B | 51.9% | $5.18B | 35.6% |
| 2023 | $12.55B | +42.4% | $6.44B | 51.3% | $4.39B | 35.0% |
| 2022 | $8.81B | +10.2% | $4.59B | 52.1% | $3.33B | 37.8% |
| 2021 | $8.00B | +3.7% | $4.59B | 57.4% | $3.21B | 40.1% |
| 2020 | $7.71B | -1.1% | $4.43B | 57.5% | $3.31B | 42.9% |
| 2019 | $7.79B | +6.5% | $4.34B | 55.7% | $3.12B | 40.1% |
| 2018 | $7.32B | +11.6% | $4.04B | 55.2% | $2.83B | 38.7% |
| 2017 | $6.55B | +5.2% | $3.58B | 54.5% | $2.52B | 38.4% |
| 2016 | $6.23B | -7.2% | $3.33B | 53.5% | $2.41B | 38.7% |
Full CP Stock Analysis
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Start ComparisonCP — Frequently Asked Questions
Quick answers to the most common questions about buying CP stock.
Is CP's revenue growth accelerating or slowing?
CP revenue growth slowed to -2.5%, below the 5-year CAGR of +14.4%. TTM revenue is $15.0B. The deceleration marks a shift from historical growth rates.
What is CP's long-term revenue growth rate?
Canadian Pacific Kansas City Ltd.'s 5-year revenue CAGR of +14.4% reflects the variable expansion pattern. Current YoY growth of -2.5% is near this long-term average.
How is CP's revenue distributed by segment?
CP reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.