# CANADIAN PACIFIC KANSAS CITY LTD/CN (CP) MD&A by fiscal year

Verbatim Item 7 Management's Discussion and Analysis sections from CANADIAN PACIFIC KANSAS CITY LTD/CN's 10-K filings, one page per fiscal year. Extracted from SEC filings with the same bounded parser for every year. Filer text, not grepcent analysis or investment advice.

- [FY 2025 MD&A](/company/CP/mda/fy2025/): filed 2026-02-26; accession 0000016875-26-000008 (https://www.sec.gov/Archives/edgar/data/16875/000001687526000008/cp-20251231.htm); latest 10-K
- [FY 2024 MD&A](/company/CP/mda/fy2024/): filed 2025-02-27; accession 0000016875-25-000008 (https://www.sec.gov/Archives/edgar/data/16875/000001687525000008/cp-20241231.htm)
- [FY 2023 MD&A](/company/CP/mda/fy2023/): filed 2024-02-27; accession 0000016875-24-000009 (https://www.sec.gov/Archives/edgar/data/16875/000001687524000009/cp-20231231.htm)
- [FY 2022 MD&A](/company/CP/mda/fy2022/): filed 2023-02-24; accession 0000016875-23-000008 (https://www.sec.gov/Archives/edgar/data/16875/000001687523000008/cp-20221231.htm)
- [FY 2021 MD&A](/company/CP/mda/fy2021/): filed 2022-02-23; accession 0000016875-22-000010 (https://www.sec.gov/Archives/edgar/data/16875/000001687522000010/cp-20211231.htm)

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