CSX CORP (CSX) Form 10-Q — Oct 21, 2026
CSX delivered a standout third quarter 2026, with revenue up 12% to $4.0 billion and operating income up 44% to $1.6 billion, driving operating margin to 39.1% — an 880 basis point improvement year over year. Diluted EPS of $0.57 rose 54% from $0.37, with volume up 5% and pricing plus higher fuel surcharge boosting revenue per unit 7%. The beat came despite a $170 million fuel headwind from a 67% jump in locomotive fuel prices, as expense discipline ($42 million in net efficiency savings) and the absence of the prior year's $164 million Quality Carriers goodwill impairment helped expenses fall 2%.
Key figures
- Eps
- 0.57
- Revenue
- 4017000000
- Net Income
- 1052000000
- Revenue Yoy
- 12%
- Total Assets
- 45154000000
- Cash Position
- 1223000000
- Shares Outstanding
- 1843398210
- Eps yoy
- +54%
- Volume q3
- 1,687 thousand units (+5%)
- Nine month revenue
- 11434000000
- Operating income q3
- 1570000000
- Operating margin q3
- 39.1%
- Operating income yoy
- +44%
- Q3 share repurchases
- $543 million (11 million shares at avg $48.75)
- Nine month net earnings
- 2861000000
- Operating margin change
- 880 bps improvement
- Dividend per share quarterly
- $0.14
- Free cash flow before dividends
- 2648000000
- Share repurchase authority remaining
- $5.2 billion
AI analysis
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