---
schema_version: "secwatch.filing_event.v1"
accession: "0000016875-26-000004"
form_type: "8-K"
ticker: "CP"
cik: "0000016875"
company_name: "CANADIAN PACIFIC KANSAS CITY LTD/CN"
filed_at: "2026-01-28T23:59:59+00:00"
generated_at: "2026-05-16T07:02:11.246807+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CPKC Q4 record core adjusted OR 55.9%; FY2025 core adj EPS $4.61 (+8%); guides low double-digit EPS growth in 2026

## Summary
- Q4 revenues $3.9B (+1% YoY); reported diluted EPS $1.20; core adjusted diluted EPS $1.33 (+3% YoY).
- Record Q4 core adjusted operating ratio of 55.9% (120 bps improvement); reported OR 58.9%.
- Full-year 2025 revenues $15.1B (+4%); core adjusted diluted EPS $4.61 (+8% YoY).
- 2026 guidance: low double-digit core adj EPS growth, mid-single-digit volume growth, capex $2.65B (-15% YoY).
- Safety metrics improved: FRA train accident frequency 0.85 (vs 1.01 in 2024) – industry best.

## SEC filing metadata
- accession: 0000016875-26-000004
- form_type: 8-K
- ticker: CP
- cik: 0000016875
- company_name: CANADIAN PACIFIC KANSAS CITY LTD/CN
- filed_at: 2026-01-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/16875/000001687526000004/0000016875-26-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/16875/000001687526000004/cp-20260128.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000016875-26-000004
- JSON: https://secwatch.observer/filing/0000016875-26-000004.json
- Plain text: https://secwatch.observer/filing/0000016875-26-000004.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.