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CSX Corporation 10-Q Filings

CSX NASDAQ

Every 10-Q that CSX Corporation (CSX) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 10-Q covers the quarterly report filed between annual reports, so if you follow CSX and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CSX filings page.

Rhea-AI Summary

CSX Corporation delivered strong second-quarter 2026 results. Revenue rose 10% to $3.94 billion, volume grew 6%, and operating income increased to $1.51 billion. Operating margin improved to 38.3%, and diluted EPS climbed to $0.54, up 23% versus 2025.

For the first six months, revenue reached $7.42 billion and net earnings $1.81 billion. Free cash flow before dividends jumped to $1.62 billion, supporting $506 million of share repurchases and $520 million of dividends after an 8% dividend increase. CSX ended the quarter with about $1.4 billion in cash and short-term investments, no borrowings on its $1.2 billion revolver or $1.0 billion commercial paper program, and plans 2026 capital spending below $2.4 billion. Despite a 74% increase in locomotive fuel prices, efficiency gains and lower purchased services kept total expense growth to 6%. Operational metrics and safety also improved, with higher train velocity and lower FRA injury and accident rates.

Rhea-AI Summary

CSX Corporation reported stronger first quarter 2026 results with higher profits and improved efficiency. Revenue rose to $3.48 billion from $3.42 billion, while expenses fell to $2.23 billion. Operating income increased to $1.25 billion and operating margin improved to 36.0%, driven by cost reductions and property gains.

Net earnings grew to $807 million, lifting diluted earnings per share to $0.43 from $0.34. Free cash flow before dividends increased to $793 million as higher earnings and lower capital spending more than offset working capital pressure. CSX also raised its quarterly dividend 8% to $0.14 per share and repurchased 6 million shares under its $5 billion buyback program.

Rhea-AI Summary

CSX Corporation reported softer Q3 2025 results. Revenue decreased 1% to $3,587 million while expenses rose 10% to $2,500 million, reflecting a $164 million goodwill impairment in the trucking segment. Operating income fell 20% to $1,087 million, driving an operating margin of 30.3%, down 710 basis points. Diluted EPS was $0.37, down 20% year over year.

For the nine months, revenue was $10,584 million versus $11,001 million last year, with operating income of $3,411 million. Operating cash flow reached $3,227 million and capital additions were $2,225 million, including $440 million to rebuild the Blue Ridge subdivision after Hurricane Helene. The company repurchased 41 million shares for $1,264 million at an average price of $30.61 and raised the quarterly dividend 8% to $0.13 per share in March.

CSX issued $600 million of 5.05% notes due 2035 and ended the quarter with $612 million in cash and cash equivalents. Long-term debt carrying value was $19,162 million. The SEC informed the company on July 10, 2025, that it concluded its investigation and does not intend to recommend an enforcement action.