NASDAQ$CSX

CSX Corp · Q2 2026 earnings

Q2 2026 earnings · · After market close · Investor relations

Briefing

CSX Corp reported increased revenue and operating income for Q2 2026 compared to the prior year.

CSX achieved revenue of $3.935 billion in the second quarter of 2026, up 10% year-over-year, driven by higher volumes, pricing, and fuel surcharge recovery across merchandise, intermodal, and coal. Operating income rose 17% to $1.506 billion with an operating margin of 38.3%, while net earnings increased to $1.002 billion or $0.54 per diluted share.

  • Revenue grew 10% to $3.935 billion with strength in merchandise, intermodal, and coal.
  • Operating income increased 17% to $1.506 billion and operating margin improved 240 basis points to 38.3%.
  • Diluted EPS rose 23% to $0.54 on higher net earnings of $1.002 billion.
  • Operational metrics showed train velocity at 18.0 mph and improved safety with FRA personal injury index at 0.83.

Headline financials

Total Revenue

$3.94B

Previous: $3.57B+10.1%
EPS (adj)

$0.54

Previous: $0.55-1.8%
Total Volume

1.7M

No prior period
Train Velocity (mph)

18

No prior period
Dwell (hours)

11

No prior period
FRA Personal Injury Frequency Index

0.83

No prior period
FRA Train Accident Rate

2.72

No prior period
Net Income

$1B

Previous: $829M+20.9%
Operating Income

$1.51B

Previous: $1.28B+17.4%
Cash & Equivalents

$1.01B

No prior period

Revenue & EPS history

CSX · Revenue · Quarterly

$3.94B

Q2 2026+10.1%vs Q2 2025
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Revenue by segment

CSX · $3.94B total across 4 segments · Q2 2026

  • Merchandise
    $2.45B
  • Intermodal
    $620M
  • Coal
    $520M
  • Other
    $349M

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

+0.8%

Avg return

Earnings day

+1.2%

Avg return

5 days after

+3.8%

Avg return

30 days after

57%

42 / 74 earnings

Positive

+9.2%

Q4 2007

Best reaction

-9.1%

Q2 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026
Q1 2026+0.0%+4.7%+5.4%
Q4 2025-0.8%+4.5%+18.3%
Q3 2025+1.8%-0.2%-3.0%
Q2 2025+0.1%+1.3%-1.1%
Q1 2025+1.2%+1.6%+14.5%
Q4 2024-2.9%-2.0%-4.1%
Q3 2024-6.8%-5.2%-1.0%
Q2 2024-0.6%-0.2%+2.3%
Q1 2024-1.3%-0.6%-3.8%
Q4 2023+0.3%+2.0%+9.9%
Q3 2023+0.3%-3.2%+3.1%
Q2 2023-4.0%-1.9%-8.7%
Q1 2023+4.1%+1.1%+5.7%
Q4 2022-5.4%-6.2%-3.5%
Q3 2022-1.4%+3.0%+10.6%
Q2 2022+4.3%+5.5%+13.8%
Q1 2022+2.9%-1.8%-12.3%
Q4 2021-3.3%-4.3%-1.7%
Q3 2021+2.6%+4.7%+5.8%
Q2 2021+4.8%+5.5%+8.2%
Q1 2021+4.0%+4.5%-0.4%
Q4 2020-6.0%-6.8%-1.2%
Q3 2020+2.0%-1.6%+14.2%
Q2 2020-1.2%-1.2%+2.3%
Q1 2020+3.3%+11.7%+15.2%
Q4 2019+1.9%-0.2%+6.1%
Q3 2019+0.9%+2.3%+3.5%
Q2 2019-9.1%-10.4%-17.9%
Q1 2019+4.0%+4.1%+3.1%
Q4 2018+0.0%+3.5%+11.4%
Q3 2018-0.2%-4.1%+1.9%
Q2 2018+7.8%+8.5%+14.8%
Q1 2018+8.2%+6.4%+12.6%
Q4 2017-2.6%-3.0%-6.2%
Q3 2017+1.6%+3.2%-5.1%
Q2 2017-5.1%-5.4%-10.5%
Q1 2017+6.3%+7.5%+8.0%
Q4 2016-4.9%+14.3%+22.9%
Q3 2016+2.2%+1.8%+13.5%
Q2 2016+7.4%+5.4%+3.8%
Q1 2016+6.1%
Q4 2015-5.0%
Q3 2015-4.2%
Q2 2015+1.6%
Q1 2015-0.7%
Q4 2014-0.7%
Q3 2014+4.0%
Q2 2014+0.6%
Q1 2014-2.1%
Q4 2013-5.7%
Q3 2013-0.5%
Q2 2013+3.2%
Q1 2013+0.3%
Q4 2012+3.7%
Q3 2012-1.3%
Q2 2012+0.1%
Q1 2012+1.3%
Q4 2011-1.2%
Q3 2011+7.1%
Q2 2011+1.3%
Q1 2011-1.9%
Q4 2010-2.6%
Q3 2010+0.3%
Q2 2010-3.5%
Q1 2010+0.5%
Q4 2009+0.8%
Q3 2008-2.9%
Q3 2009-2.9%
Q2 2008+6.5%
Q2 2009+6.5%
Q1 2008+9.2%
Q1 2009+9.2%
Q4 2008+9.2%
Q4 2007+9.2%

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