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CNI earnings date & Q2 2026 results · CN Rail
US GAAP · C$M · vs Q2 2025 · reported 07/24/2026
Canadian National Railway — The Canadian National Railway Company is a Canadian Class I freight railway headquartered in Montreal, Quebec, which serves Canada and the Midwestern and Southern United States. · Text: Wikipedia, CC BY-SA 4.0, abridged
More about the company
It is one of Canada's two main freight rail companies, along with Canadian Pacific Kansas City.
Key growth driver: Grain & fertilizers — the fastest-growing revenue line: C$980, +18% y/y. · by the Q2 2026 report
Next report: Oct 30, 2026, before market open (Q3 2026) — announced by the company (Company IR). · Canadian earnings calendar
Listed on the TSX as CNR and in the U.S. as CNI; files an annual 40-F and quarterly results on Form 6-K with the SEC. Amounts as reported, no currency conversion.
All figures in C$M.
Revenue
C$4,753
+11.3%
RTMs +5%
Operating income
C$1,781
+8.7%
Operating ratio 62.5%
Net income
C$1,249
+6.6%
EPS diluted C$2.06
Verdict: a solid volume quarter — revenue up 11% on 5% more revenue ton-miles led by grain and petroleum, but the fuel price spike, higher interest and a higher tax rate held net income to +6.6%; buybacks lifted diluted EPS 10%.
Diluted EPS C$2.06 (2025: C$1.87) · operating ratio 62.5% · H1 operating cash flow C$2,876M · Q2 buybacks C$454M (about 2.9M shares).
Source and notation
≈ — derived line (sum of reported lines). Source: CN Q2 2026 earnings news release, financial statements and MD&A (6-K, SEC EDGAR). Amounts in Canadian dollars, as reported.
Open the chart as a PNG image ↗ · for sharing and presentations · free to reuse, CC BY 4.0
Heads-up
- debt load increased (Q2 2026)
Most likely because below the operating line, interest expense rose C$22M on higher debt and rates, and the effective tax rate climbed to 25.7% from 24.9%; the operating ratio worsened 80 bp to 62.5%: operating expenses grew 13% against 11% revenue growth on fuel. Based on the Q2 2026 report.
The company's report ↗CN Rail (CNI) earnings: FAQ
When is CN Rail's next earnings date?
CN Rail (CNI) has announced it will report Q3 2026 results on Oct 30, 2026, before market open. Source: Company IR.
When did CNI last report earnings?
CN Rail filed its Q2 2026 results with the SEC on Jul 24, 2026 (Form 6-K).
What was CN Rail's revenue in Q2 2026?
C$4,753 million (+11.3% year over year), reported in Canadian dollars; net income was C$1,249 million.
Why are CN Rail's figures in Canadian dollars?
We show amounts exactly as CN Rail reports them to the SEC, without converting currencies. Its financial statements are prepared under US GAAP in Canadian dollars.
New to earnings reports? Start with how to read an earnings report.
How this page was made: the figures come from the company's own report on SEC EDGAR; the summary and nuances were drafted by our model from that report. Figures checked against the filing on 10/13/2026. How we make the breakdowns · Report an error
More reports: CP · Q2 2026 · AEM · Q2 2026 · AQN · Q2 2026 · B · Q2 2026 · BAM · Q2 2026 · BCE · Q2 2026 · all Canadian companies