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Operating Income for Canadian National Railway (CNI)

Latest filings through · Reported

Metric
USD

TTM

$4.73B

YoY change

+5.8%

5Y CAGR

+5.2%

Peak year (2022)

$5.03B

Operating Income history chart for Canadian National Railway (CNI) from 1995 to 2025

Latest: $4.72B

Operating Income growth chart for Canadian National Railway (CNI) from 1995 to 2025

Latest: +5.8%

Operating Income history table for Canadian National Railway (CNI) from 1995 to 2025

  • 2025$4.72B+5.8%
  • 2024$4.47B-7.9%
  • 2023$4.85B-3.7%
  • 2022$5.03B+12.9%
  • 2021$4.46B+21.7%
  • 2020$3.67B-13.5%
  • 2019$4.24B+1.9%
  • 2018$4.16B+0.7%
  • 2017$4.13B+9.5%
  • 2016$3.77B-4.5%
  • 2015$3.95B-3.0%
  • 2014$4.07B+10.2%
  • 2013$3.69B-0.7%
  • 2012$3.72B+15.4%
  • 2011$3.22B+7.9%
  • 2010$2.99B+30.9%
  • 2009$2.28B-5.0%
  • 2008$2.40B-18.1%
  • 2007$2.93B+10.2%
  • 2006$2.66B+19.1%
  • 2005$2.24B+25.9%
  • 2004$1.78B+31.1%
  • 2003$1.35B+44.8%
  • 2002$935.90M-12.0%
  • 2001$1.06B-4.1%
  • 2000$1.11B+12.4%
  • 1999$987.86M+1.6%
  • 1998$972.36M+3.5%
  • 1997$939.37M+37.6%
  • 1996$682.53M+12.2%
  • 1995$608.08M—

Operating Income values are taken from Canadian National Railway's reported income statements (interim 6-K and annual 20-F filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts converted to USD using IAS 21 average exchange rates (P&L / cash flow) or closing rates (balance sheet). Originally filed in CAD.

About Operating Income at Canadian National Railway (CNI)

According to Canadian National Railway's latest reported financial statements, the company's current operating income (TTM) is $4.73B. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.

Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .

In 2025, Canadian National Railway (CNI) operating income totalled 6.58B CAD – grew 5.4% year-over-year.

Across 2020–2025 (5 years), Canadian National Railway operating income produced a CAGR of +6.6% – with mixed annual results across the window.

Between 2022 and 2025, Canadian National Railway operating income edged down 3.8%, falling from 6.84B CAD to 6.58B CAD.

The highest annual operating income of 6.84B CAD was reported in 2022. The lowest in the available history was 824.00M CAD in 1995.

Canadian National Railway Operating Income by Year

Canadian National Railway Operating Income 2025: $4.72B

Canadian National Railway posted operating income of 6.58B CAD ($4.72B) in 2025, grew 5.4% from 2024.

Canadian National Railway Operating Income 2024: $4.47B

In 2024, Canadian National Railway reported operating income of 6.25B CAD ($4.47B), declined 5.3% below 2023.

Canadian National Railway Operating Income 2023: $4.85B

Canadian National Railway operating income in 2023 was 6.60B CAD ($4.85B), edged down 3.6% below 2022.

Canadian National Railway Operating Income 2022: $5.03B

2022's operating income for Canadian National Railway came in at 6.84B CAD ($5.03B), grew 21.8% from 2021. This figure represents the highest annual value in the available history.

Canadian National Railway Operating Income 2021: $4.46B

Canadian National Railway operating income in 2021 was 5.62B CAD ($4.46B).

See more financial history for Canadian National Railway (CNI).

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Industrials peers of Canadian National Railway (CNI), ranked by their latest operating income

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