Filing Flows › CSX (CSX) › Q2 2026 › vs Q2 2025
CSX (CSX) Q2 2026 vs Q2 2025 (year over year)
CSX's revenue rose $361M (+10%) from $3.6B in Q2 2025 to $3.9B in Q2 2026. The biggest changes: Total Merchandise +$258M (+12%); Chemicals +$73.0M (+10%); Minerals +$24.0M (+11%). Operating margin 38.3% against 35.9% (+2.4 pts).
CSX, Q2 2026: revenue $3.9B (+10% year over year), operating margin 38.3%, net earnings $1.0B, operating cash flow $1.3B. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 38.3% | 35.9% | +2.4 pts |
| Net margin | 25.5% | 23.2% | +2.3 pts |
| Free cash flow margin | 19.1% | -3.9% | +23.0 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Intermodal | $620M | $491M | $129M | +26% |
| Coal | $520M | $477M | $43.0M | +9% |
| Agricultural and Food Products | $444M | $418M | $26.0M | +6% |
| Automotive | $332M | $320M | $12.0M | +4% |
| Forest Products | $266M | $250M | $16.0M | +6% |
| Metals and Equipment | $256M | $224M | $32.0M | +14% |
| Total Merchandise | $2.4B | $2.2B | $258M | +12% |
| Chemicals | $774M | $701M | $73.0M | +10% |
| Minerals | $242M | $218M | $24.0M | +11% |
| Trucking | $226M | $211M | $15.0M | +7% |
| Fertilizers | $132M | $126M | $6.0M | +5% |
| Other | $123M | $138M | −$15.0M | -11% |
| Revenue | $3.9B | $3.6B | $361M | +10% |
| Operating profit | $1.5B | $1.3B | $223M | +17% |
| Costs & expenses | $2.4B | $2.3B | $138M | +6% |
| Pre-tax earnings | $1.3B | $1.1B | $227M | +21% |
| Other expense, net | $186M | $190M | −$4.0M | -2% |
| Net earnings | $1.0B | $829M | $173M | +21% |
| Income tax | $318M | $264M | $54.0M | +20% |
| Depreciation & amortization | $411M | $427M | −$16.0M | -4% |
| Share-based compensation | $27.0M | $15.0M | $12.0M | +80% |
| Working capital & other | $113M | $636M | −$523M | -82% |
| Operating cash flow | $1.3B | $635M | $692M | +109% |
| Free cash flow (OCF − capex) | $751M | −$141M | $892M | — |
| Capital expenditures | $576M | $776M | −$200M | -26% |
Questions
How much did CSX's revenue grow year over year in Q2 2026?
CSX's revenue rose $361M (+10%) from $3.6B in Q2 2025 to $3.9B in Q2 2026.
What drove CSX's revenue change in Q2 2026?
Total Merchandise +$258M (+12%); Chemicals +$73.0M (+10%); Minerals +$24.0M (+11%).