• Canadian Pacific Kansas City average operating margin for 2023 was 35.32%, a 6.14% increase from 2022.
• Canadian Pacific Kansas City average operating margin for 2022 was 37.63%, a 8.2% decline from 2021.
• Canadian Pacific Kansas City average operating margin for 2021 was 40.99%, a 3.58% 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.