NYSE$CP
Canadian Pacific Railway LTD · Q3 2025 earnings
Q3 2025 earnings · · After market close · Investor relations
Briefing
Canadian Pacific Kansas City reported Q3 2025 revenues of C$3.66B with net income of C$917M and diluted EPS of C$1.01.
Revenues reached C$3.66 billion as the combined network moved higher freight volumes across grain, energy, and intermodal. Net income was C$917 million; diluted EPS was C$1.01. Operating ratio and service metrics are central as the railroad integrates cross-border synergies and capacity investments.
- Q3 revenues C$3.66B.
- Net income C$917M; diluted EPS C$1.01.
- Cross-border franchise links Canada, U.S., and Mexico.
- Volume and yield drive revenue mix.
- Fuel, labor, and regulatory costs affect margins.
Headline financials
Revenue & EPS history
Canadian Pacific · Revenue · Quarterly
C$3.66B
Forward guidance
Transportation operators cite volume, yield, and operating ratio as key swing factors.
Tailwinds
- Service quality and pricing discipline.
- Network capacity and labor productivity.
- Industrial and trade volume trends.
Headwinds
- Macro freight softness.
- Fuel and labor inflation.
- Competitive pricing pressure.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2025
+1.4%
Avg return
Earnings day
+0.6%
Avg return
5 days after
+2.7%
Avg return
30 days after
76%
51 / 67 earnings
Positive
+12.1%
Q4 2015
Best reaction
-7.5%
Q3 2011
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +3.2% | -0.9% | +5.9% | |
| Q4 2025 | +5.6% | +6.7% | +22.0% | |
| Q3 2025 | -0.8% | -3.5% | -0.8% | |
| Q2 2025 | -2.9% | -0.8% | +0.6% | |
| Q1 2025 | +0.4% | +1.3% | +12.7% | |
| Q4 2024 | +1.2% | -2.2% | -1.2% | |
| Q3 2024 | -1.4% | -2.2% | -3.7% | |
| Q2 2024 | +1.9% | -4.2% | +0.0% | |
| Q1 2024 | -6.4% | -7.8% | -9.0% | |
| Q4 2023 | +1.6% | +5.1% | +7.3% | |
| Q3 2023 | +0.5% | +2.3% | +3.9% | |
| Q2 2023 | -1.1% | -3.3% | -6.5% | |
| Q1 2023 | -1.6% | +0.1% | -2.8% | |
| Q4 2022 | +0.8% | +2.3% | +1.2% | |
| Q3 2022 | +2.3% | +3.7% | +13.4% | |
| Q2 2022 | +2.5% | +0.8% | +3.2% | |
| Q1 2022 | +4.1% | -1.0% | -1.9% | |
| Q4 2021 | -2.0% | -3.1% | -4.0% | |
| Q3 2021 | +2.1% | +2.2% | +1.9% | |
| Q2 2021 | +1.9% | +2.0% | -0.4% | |
| Q1 2021 | +3.5% | +4.5% | +14.0% | |
| Q4 2020 | +1.5% | -1.3% | +4.1% | |
| Q3 2020 | -2.2% | -2.4% | +4.9% | |
| Q2 2020 | +1.4% | +2.2% | +10.2% | |
| Q1 2020 | +2.9% | +4.1% | +10.0% | |
| Q4 2019 | +3.2% | +1.6% | -4.8% | |
| Q3 2019 | +3.4% | +3.1% | +7.3% | |
| Q2 2019 | +3.2% | +0.4% | -1.6% | |
| Q1 2019 | +2.5% | +1.4% | +1.3% | |
| Q4 2018 | +3.1% | +3.5% | +6.1% | |
| Q3 2018 | -3.5% | -3.7% | +1.8% | |
| Q2 2018 | +3.3% | +4.2% | +8.5% | |
| Q1 2018 | -1.9% | -1.5% | +1.4% | |
| Q4 2017 | +3.0% | +1.7% | +2.3% | |
| Q3 2017 | +5.1% | +5.4% | +0.4% | |
| Q2 2017 | -0.6% | -2.2% | -6.9% | |
| Q1 2017 | +1.6% | +1.8% | +2.8% | |
| Q4 2016 | +3.0% | +4.4% | +2.6% | |
| Q3 2016 | -4.8% | -5.1% | -5.1% | |
| Q2 2016 | +4.1% | +2.7% | +6.5% | |
| Q1 2016 | +0.2% | — | — | |
| Q4 2015 | +12.1% | — | — | |
| Q3 2015 | +1.6% | — | — | |
| Q2 2015 | -0.9% | — | — | |
| Q1 2015 | +0.6% | — | — | |
| Q4 2014 | -4.4% | — | — | |
| Q3 2014 | +0.1% | — | — | |
| Q2 2014 | +6.0% | — | — | |
| Q1 2014 | +4.0% | — | — | |
| Q4 2013 | +8.0% | — | — | |
| Q3 2013 | +8.2% | — | — | |
| Q2 2013 | +1.1% | — | — | |
| Q1 2013 | +0.2% | — | — | |
| Q4 2012 | +2.3% | — | — | |
| Q3 2012 | +1.6% | — | — | |
| Q2 2012 | +1.4% | — | — | |
| Q1 2012 | +1.8% | — | — | |
| Q4 2011 | +2.8% | — | — | |
| Q3 2011 | -7.5% | — | — | |
| Q2 2011 | +3.6% | — | — | |
| Q4 2008 | +0.7% | — | — | |
| Q4 2009 | +0.7% | — | — | |
| Q4 2010 | +0.7% | — | — | |
| Q1 2011 | +0.5% | — | — | |
| Q3 2010 | -0.4% | — | — | |
| Q2 2010 | +0.8% | — | — | |
| Q1 2010 | +2.3% | — | — |
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