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Canadian National Railway Co. reports Q2 profit up from year ago, raises guidance

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Ken Hoexter, managing director at Bank of America, joins BNN Bloomberg to discuss the company's upgrade on CN Rail.

MONTREAL — Canadian National Railway Co. reported that its second-quarter profit and revenue both rose compared with a year ago, and it raised its guidance for the full year.

The railway says it earned $1.25 billion or $2.06 per diluted share for the quarter that ended June 30, up from $1.17 billion or $1.87 per diluted share a year earlier.

Revenue totalled $4.75 billion, up from $4.27 billion in the same quarter last year.

On an adjusted basis, CN says it earned $2.08 per diluted share in its latest quarter, up from an adjusted profit of $1.87 per diluted share a year ago.

In raising its guidance, CN says it now expects to deliver low single-digit growth in revenue ton miles (RTM) in 2026 compared with expectations in January for “flattish growth.”

The company also says it now expects adjusted diluted earnings per share growth in the mid-to-high single-digit range compared with earlier guidance for growth slightly exceeding its RTM growth.

This report by The Canadian Press was first published July 24, 2026.