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Revenue by Segment
Highlights income from different business units, revealing which segments are driving growth and profitability.Freight revenue has more than doubled since 2020 and shows a clear step‑change from mid‑2023—consistent with the CP–KCS combination driving network scale, pricing power and cross‑border volume gains; non‑freight remains immaterial. The June 2026 uptick signals renewed volume/pricing momentum or realized synergies, but the business is still highly concentrated in freight, leaving results vulnerable to industrial/commodity cycles. Investment upside depends on sustaining post‑merger volume growth and converting it into durable margin improvement rather than one‑off rate effects.
Date | Freight | Non-Freight |
|---|---|---|
Sep 30, 2026 | C$4.14B | C$80.00M |
Jun 30, 2026 | C$4.09B | C$76.00M |
Mar 31, 2026 | C$3.63B | C$73.00M |
Dec 31, 2025 | C$3.83B | C$92.00M |
Sep 30, 2025 | C$3.59B | C$72.00M |
Jun 30, 2025 | C$3.63B | C$70.00M |
Mar 31, 2025 | C$3.73B | C$68.00M |
Dec 31, 2024 | C$3.80B | C$73.00M |
Sep 30, 2024 | C$3.46B | C$88.00M |
Jun 30, 2024 | C$3.53B | C$69.00M |