CPKC Q3 revenue up 15% to $4.2 billion; core adjusted EPS up 16% to $1.28
Canadian Pacific Kansas City reported third-quarter 2026 revenue of $4.2 billion, up 15% from a year earlier, and core adjusted diluted EPS of $1.28, up 16%. Reported diluted EPS rose 3% to $1.04, while higher fuel prices weighed on the operating ratio, which worsened by 130 basis points to 64.8%. All figures are in Canadian dollars, and the company said it remains on track to meet its 2026 commitments.
Key points
- Q3 2026 revenues rose 15% to $4.2 billion from $3.7 billion in Q3 2025, and volumes rose 6%.
- Reported diluted EPS rose 3% to $1.04 from $1.01; core adjusted diluted EPS rose 16% to $1.28 from $1.10.
- Reported operating ratio rose 130 basis points to 64.8%; higher fuel prices cut 170 basis points from the reported ratio.
- Nine-month diluted EPS was $3.14, down from $3.32 a year earlier, which included a $333 million gain on a 2025 equity investment sale.
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 28, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.