v3.25.4
CONSOLIDATED STATEMENTS OF INCOME - CAD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Statement [Abstract]      
Revenues $ 17,304 $ 17,046 $ 16,828
Operating expenses      
Labor and fringe benefits 3,510 3,422 3,150
Purchased services and material 2,306 2,313 2,254
Fuel 1,786 2,060 2,097
Depreciation and amortization 1,938 1,892 1,817
Equipment rents 432 392 359
Other 745 642 554
Loss on assets held for sale 0 78 0
Total operating expenses 10,717 10,799 10,231
Operating income 6,587 6,247 6,597
Interest expense (913) (891) (722)
Other components of net periodic benefit income 502 454 479
Other income 88 42 134
Income before income taxes 6,264 5,852 6,488
Income tax expense (1,544) (1,404) (863)
Net income $ 4,720 $ 4,448 $ 5,625
Earnings per share      
Basic (in dollars per share) $ 7.58 $ 7.02 $ 8.55
Diluted (in dollars per share) $ 7.57 $ 7.01 $ 8.53
Weighted-average number of shares      
Basic (in shares) 623.1 633.5 657.7
Diluted (in shares) 623.7 634.5 659.1