CSX Corp. Announces Second Quarter 2026 Results
Rhea-AI Summary
CSX (NASDAQ: CSX) reported second quarter 2026 revenue of $3.94 billion, a record level and a 10% year-over-year increase. Operating income was $1.51 billion, up 17%, and net earnings were $1.00 billion, or $0.54 per diluted share, a 23% EPS increase versus $0.44 a year earlier. Operating margin expanded 240 basis points to 38.3%.
Total volume reached 1.68 million units, up 6% year-over-year, with broad-based market growth led by 9% intermodal volume growth. According to CSX, higher fuel surcharge revenue, combined with increased volume and pricing across merchandise, intermodal, and coal, supported the revenue gain.
Management highlighted progress on safety, productivity and service execution and scheduled an investor conference call on July 22, 2026 at 4:30 p.m. ET, accessible by phone and webcast via investors.csx.com, with replay and detailed financial materials available online.
Positive
- Revenue $3.94 billion, up 10% year-over-year
- Diluted EPS $0.54, up 23% from $0.44
- Operating income $1.51 billion, up 17% year-over-year
- Operating margin 38.3%, expanded 240 basis points
- Volume 1.68 million units, up 6% with 9% intermodal growth
- Net earnings $1.00 billion, up from $829 million
Negative
- None.
News Market Reaction – CSX
On the day this news was published, CSX gained 5.77%, reflecting a notable positive market reaction. Argus tracked a peak move of +2.6% during that session. Our momentum scanner triggered 11 alerts that day, indicating notable trading interest and price volatility. This price movement added approximately $5.08B to the company's valuation, bringing the market cap to $93.11B at that time. Trading volume was elevated at 2.2x the daily average, suggesting notable buying interest.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Apr 22 | 1Q26 earnings | Positive | +7.0% | Revenue and volume increased while management highlighted cost discipline and service reliability. |
| Jan 22 | 4Q25 earnings | Neutral | +2.4% | Quarterly revenue declined, but results included reported charges and adjusted full-year metrics. |
| Oct 16 | 3Q25 earnings | Neutral | +1.7% | Revenue declined while volume increased and adjusted results excluded a goodwill impairment. |
| Jul 23 | 2Q25 earnings | Negative | +0.1% | Revenue and operating income declined as coal prices and merchandise volume weakened. |
| Apr 16 | 1Q25 earnings | Negative | +1.2% | Revenue, volume, operating income, and net income declined amid network constraints. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
All five tag-specific earnings events had positive 24-hour price reactions, including two releases reporting year-over-year declines.
Key Terms
diluted eps financial
bps financial
intermodal technical
fuel surcharge revenue financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
- Record quarterly revenue of
$3.94 billion , up10% year-over-year; diluted EPS of$0.54 , up23% - Operating income of
$1.51 billion , up17% ; operating margin expanded 240 bps to38.3% - Volume increased
6% with broad-based growth across markets led by9% intermodal growth
JACKSONVILLE, Fla., July 22, 2026 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ: CSX) today announced second quarter 2026 operating income of
Total volume of 1.68 million units for the quarter was
“Our second quarter results reflect the solid progress we’re making at CSX. Our railroaders successfully managed substantial volume growth while maintaining a consistent focus on safety and productivity, which allowed us to deliver improved financial performance,” said Steve Angel, president and chief executive officer. “As we move into the second half of the year, we will strengthen our service execution as we continue to build momentum across the business.”
CSX executives will conduct a conference call with the investment community this afternoon, July 22, at 4:30 p.m. Eastern Time. Investors, media and the public may listen to the conference call by dialing 1-888-510-2008. For callers outside the U.S., dial 1-646-960-0306. Participants should dial in 10 minutes prior to the call and enter in 3368220 as the passcode.
In conjunction with the call, a live webcast will be accessible and presentation materials will be posted on the company’s website at investors.csx.com. Following the earnings call, a webcast replay of the presentation will be archived on the company website.
This earnings announcement, as well as additional detailed financial information, is contained in the CSX Quarterly Financial Report available through the company’s website at investors.csx.com and on Form 8-K with the Securities and Exchange Commission.
About CSX and its Disclosures
CSX, based in Jacksonville, Florida, is a premier transportation company. It provides rail, intermodal and rail-to-truck transload services and solutions to customers across a broad array of markets, including energy, industrial, construction, agricultural, and consumer products. For nearly 200 years, CSX has played a critical role in the nation's economic expansion and industrial development. Its network connects every major metropolitan area in the eastern United States, where nearly two-thirds of the nation's population resides. It also links approximately 250 short-line railroads and more than 70 ocean, river and lake ports with major population centers and farming towns alike.
This announcement, as well as additional financial information, is available on the company's website at investors.csx.com. CSX also uses social media channels to communicate information about the company. Although social media channels are not intended to be the primary method of disclosure for material information, it is possible that certain information CSX posts on social media could be deemed to be material. Therefore, we encourage investors, the media, and others interested in the company to review the information we post on X, formerly known as Twitter, (x.com/CSX) and on Facebook (facebook.com/OfficialCSX). The social media channels used by CSX may be updated from time to time. More information about CSX Corporation and its subsidiaries is available at www.csx.com.
Non-GAAP Disclosure
CSX reports its financial results in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP). CSX also uses certain non-GAAP measures that fall within the meaning of Securities and Exchange Commission Regulation G and Regulation S-K Item 10(e), which may provide users of the financial information with additional meaningful comparison to prior reported results. Non-GAAP measures do not have standardized definitions and are not defined by U.S. GAAP. Therefore, CSX’s non-GAAP measures are unlikely to be comparable to similar measures presented by other companies. The presentation of these non-GAAP measures should not be considered in isolation from, as a substitute for, or as superior to the financial information presented in accordance with GAAP.
Forward-looking Statements
This information and other statements by the company may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act with respect to, among other items: projections and estimates of earnings, revenues, margins, volumes, rates, cost-savings, expenses, taxes, liquidity, capital expenditures, dividends, share repurchases or other financial items, statements of management's plans, strategies and objectives for future operations, and management's expectations as to future performance and operations and the time by which objectives will be achieved, statements concerning proposed new services, and statements regarding future economic, industry or market conditions or performance. Forward-looking statements are typically identified by words or phrases such as “will,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate,” “preliminary” and similar expressions. Forward-looking statements speak only as of the date they are made, and the company undertakes no obligation to update or revise any forward-looking statement. If the company updates any forward-looking statement, no inference should be drawn that the company will make additional updates with respect to that statement or any other forward-looking statements.
Forward-looking statements are subject to a number of risks and uncertainties, and actual performance or results could differ materially from that anticipated by any forward-looking statements. Factors that may cause actual results to differ materially from those contemplated by any forward-looking statements include, among others: (i) the company's success in implementing its financial and operational initiatives; (ii) changes in domestic or international economic, political or business conditions, including those affecting the transportation industry (such as the impact of industry competition, conditions, performance and consolidation); (iii) legislative or regulatory changes; (iv) the inherent business risks associated with safety and security; (v) the outcome of claims and litigation involving or affecting the company; (vi) natural events such as severe weather conditions or pandemic health crises; (vii) changes in fuel prices, surcharges for fuel and the availability of fuel; (viii) adverse economic or operational effects from actual or threatened war or terrorist activities and any government response; and (ix) the inherent uncertainty associated with projecting economic and business conditions.
Other important assumptions and factors that could cause actual results to differ materially from those in the forward-looking statements are specified in the company's SEC reports, accessible on the SEC's website at www.sec.gov and the company's website at www.csx.com.
Contact:
Matthew Korn, CFA, Investor Relations
904-366-4515
Austin Staton, Corporate Communications
855-955-6397
