Canadian Pacific Kansas City Ltd

CP: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Canadian Pacific Earnings: Volume Growth Resilient Thanks to Ongoing Merger Synergies

Matthew Young

Oct 30, 2025

Canadian Pacific Kansas City's third-quarter top line grew 3% year over year on continued healthy volume growth and strong core carload pricing, as yield (revenue per carload) was roughly flat due to mix. Consolidated adjusted margin improved again relative to a year ago.

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Canadian Pacific Kansas City Ltd

Canadian Pacific Earnings: Volume Growth Resilient Thanks to Ongoing Merger Synergies

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