• Canadian Pacific Kansas City average operating margin for 2023 was 36.4%, a 3.4% decline from 2022.
• Canadian Pacific Kansas City average operating margin for 2022 was 37.68%, a 9.23% decline from 2021.
• Canadian Pacific Kansas City average operating margin for 2021 was 41.51%, a 2.4% decline from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.