# Canadian National Railway (CNI) — Earnings

CNI · NYSE · Stock

Canonical page: https://www.lighthorse.io/tickers/cni/earnings

## Most recent quarter

| Metric | Value |
| --- | --- |
| Fiscal period | Q2 2026 |
| Period end | Jun 30, 2026 |
| EPS actual | $1.46 |
| EPS estimate | $1.38 |
| EPS surprise | +5.95% |
| Revenue surprise | +2.62% |
| Revenue | $3.3B |
| Revenue estimate | $3.3B |
| Reported | Jul 24, 2026 |
| SEC filing | [View filing](https://www.sec.gov:443/Archives/edgar/data/16868/000001686826000036/a2026q26k.htm) |
| Earnings call | [Transcript](http://o.thsi.cn/dc-d-stock-america.teleconference/c74a6320-7d73-77ae-e336-21871b169b84.html) |

Canadian National Railway reported Q2 2026 results on July 24, 2026. Earnings per share were $1.46, ahead of the $1.38 estimate by 5.95%. Revenue was $3.3 billion, matching the $3.3 billion consensus on a rounded basis. Compared with Q2 2025, EPS rose about 7% from $1.37 and revenue rose about 6% from $3.1 billion.

The table shows a stable business with modest swings. Annual EPS was $5.64 in 2022, then eased to $5.44 in 2023 and $5.14 in 2024 before rising to $5.48 in 2025. Annual revenue stayed between $12.3 billion and $13.1 billion over those four years. The first half of 2026 adds up to $2.75 per share, about 3% more than the $2.66 a year earlier. Quarterly EPS peaked at $1.55 in Q4 2022. Over the last 20 quarters, the railway beat the EPS estimate 14 times, mostly by single-digit margins, and no miss was wider than 5.05%.

Canadian National reported Q3 between October 19 and October 31 in each of the past five years. That points to late October 2026 for the next report. It will show whether the year-over-year growth seen in Q2 continues.

## Earnings history

| Fiscal period | Report date | EPS estimate | EPS actual | Surprise | Revenue estimate | Revenue actual |
| --- | --- | --- | --- | --- | --- | --- |
| Q2 2026 | Jul 24, 2026 | $1.38 | $1.46 | 5.95% | $3.3B | $3.3B |
| Q1 2026 | Apr 29, 2026 | $1.30 | $1.29 | -0.08% | $3.1B | $3.1B |
| Q4 2025 | Jan 30, 2026 | $1.44 | $1.51 | 5.07% | $3.2B | $3.3B |
| Q3 2025 | Oct 31, 2025 | $1.27 | $1.31 | 3.41% | $3.0B | $3.0B |
| Q2 2025 | Jul 22, 2025 | $1.37 | $1.37 | 0.31% | $3.2B | $3.1B |
| Q1 2025 | May 1, 2025 | $1.24 | $1.29 | 3.97% | $3.0B | $3.1B |
| Q4 2024 | Feb 4, 2025 | $1.33 | $1.26 | -5.02% | $3.0B | $3.0B |
| Q3 2024 | Oct 22, 2024 | $1.26 | $1.27 | 1.21% | $3.0B | $3.0B |
| Q2 2024 | Jul 23, 2024 | $1.41 | $1.34 | -4.48% | $3.2B | $3.2B |
| Q1 2024 | Apr 23, 2024 | $1.26 | $1.27 | 0.44% | $3.2B | $3.1B |
| Q4 2023 | Jan 23, 2024 | $1.50 | $1.52 | 1.72% | $3.3B | $3.4B |
| Q3 2023 | Oct 24, 2023 | $1.26 | $1.24 | -0.89% | $3.0B | $2.9B |
| Q2 2023 | Jul 25, 2023 | $1.35 | $1.33 | -1.88% | $3.1B | $3.1B |
| Q1 2023 | Apr 24, 2023 | $1.27 | $1.35 | 5.71% | $3.1B | $3.2B |
| Q4 2022 | Jan 24, 2023 | $1.54 | $1.55 | 0.75% | $3.3B | $3.4B |
| Q3 2022 | Oct 25, 2022 | $1.45 | $1.54 | 6.09% | $3.1B | $3.3B |
| Q2 2022 | Jul 26, 2022 | $1.37 | $1.50 | 9.14% | $3.2B | $3.4B |
| Q1 2022 | Apr 26, 2022 | $1.11 | $1.05 | -5.05% | $2.9B | $3.0B |
| Q4 2021 | Jan 25, 2022 | $1.19 | $1.35 | 13.17% | $2.9B | $3.0B |
| Q3 2021 | Oct 19, 2021 | $1.11 | $1.20 | 7.87% | $2.8B | $2.8B |

## Frequently Asked Questions

### When did Canadian National Railway (CNI) last report earnings?

Canadian National Railway last reported on Jul 24, 2026, covering fiscal Q2 2026.

### Did CNI beat earnings estimates?

Yes. Canadian National Railway reported EPS of $1.46 for Q2 2026 against a $1.38 estimate — a 5.95% beat.

### How much revenue did CNI report last quarter?

Canadian National Railway reported $3.3B in revenue for Q2 2026, against a consensus estimate of $3.3B.

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Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).