UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

ofJanuary ~~The~~28, ~~Securities Exchange Act of 1934~~2026

October 31, 2025 (October 29, 2025)

Date of Report (Date of earliest event reported)

Canadian Pacific Kansas City Limited

(Exact name of registrant as specified in its charter)

Canada

~~001-01342~~

001-01342

~~98-0355078~~

98-0355078

(State or other jurisdictionof incorporation)

~~(CommissionFile Number)~~

(CommissionFile Number)

~~(IRS EmployerIdentification No.)~~

(IRS EmployerIdentification No.)

7550 Ogden Dale Road S.E., Calgary, Alberta

Canada

T2C 4X9

(Address of principal executive offices)

(Zip Code)

7550 Ogden Dale Road S.E., Calgary, Alberta,

Canada, T2C 4X9

(Address of principal executive offices) (Zip Code)

(403) 319-7000

Registrant’s telephone number, including area code

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

~~Title of each class~~

~~TradingSymbol(s)~~

Title of each class

~~Name of each exchangeon which registered~~

Trading Symbol(s)

Name of each exchange on which Registered

Common Shares, without par value, of Canadian Pacific Kansas City Limited

~~New York Stock Exchange~~

New York Stock Exchange

Common Shares, without par value, of Canadian Pacific Kansas City Limited

~~Toronto Stock Exchange~~

Toronto Stock Exchange

Perpetual 4% Consolidated Debenture Stock of Canadian Pacific Railway Company

~~CP40~~

~~New York Stock Exchange~~

CP40

New York Stock Exchange

Perpetual 4% Consolidated Debenture Stock of Canadian Pacific Railway Company

~~BC87~~

~~London Stock Exchange~~

BC87

London Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐

~~Emerging~~If an emerging growth company ☐, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

IfITEM an2.02 Results emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of ~~the~~Operations ~~Exchange~~and ~~Act~~Financial Condition. ☐

~~ITEM~~The 8following information is furnished pursuant to Item 2.~~01.~~02, ~~Other~~“Results ~~Events~~of Operations and Financial Condition.”

On ~~October~~January 2928, ~~2025~~2026, Canadian Pacific Kansas City Limited (~~the~~ “~~Corporation~~CPKC”) issued a press release ~~announcing~~setting ~~that~~forth ~~the~~its ~~Corporation’s~~financial ~~board~~results offor ~~directors~~its ~~declared~~three amonths ~~quarterly~~and ~~dividend~~year ofended ~~$0.228~~December ~~per~~31, ~~share~~2025. onA ~~the~~copy ~~Corporation~~of CPKC’s ~~outstanding~~press ~~common~~release ~~shares~~is attached hereto as Exhibit 99.1. ~~The~~CPKC ~~dividend~~does isnot ~~payable~~intend onfor ~~January 26,~~this ~~2026~~Item 2.02 or Exhibit 99.1 to ~~holders~~be deemed “filed” for purposes of ~~record~~Section at18 of the ~~close~~Securities Exchange Act of ~~business~~1934, onas ~~December 31~~amended, ~~2025.~~or Ato ~~copy~~be ofincorporated ~~this~~by ~~press~~reference ~~release~~into isfilings ~~attached~~under asthe ~~Exhibit~~Securities 99Act of 1933, as amended.1.

ITEM 9.01. Financial Statements and Exhibits.

(d) Exhibits

ExhibitNo.	Exhibit Description
Exhibit No.		Exhibit Description
Exhibit 99.1	~~Press Release dated October 29, 2025.~~	Press release issued January 28, 2026 by Canadian Pacific Kansas City Limited and furnished pursuant to Item 2.02, “Results of Operations and Financial Condition."
Exhibit 104	~~Cover Page Interactive Data File (embedded within the Inline XBRL document).~~	Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: October 31, 2025


Dated: January 28, 2026

	CANADIAN PACIFIC KANSAS CITY LIMITED


	By:	/s/ Tyler Robinson
		Name:	Tyler Robinson
		Title:	General Counsel and Assistant Corporate Secretary

CANADIAN PACIFIC KANSAS CITY LIMITED By: /s/ Tyler Robinson Name: Tyler Robinson Title: General Counsel & Assistant Corporate Secretary

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