Filing Flows › CSX (CSX) › Q2 2026
CSX (CSX) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 22, 2026
CSX (CSX) reported revenue of $3.9B for the second quarter 2026 (Q2 2026), +10% from a year earlier and +13% from the quarter before. Operating margin was 38.3%, net earnings $1.0B (25.5% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.9B | +13% | +10% |
| Operating profit | $1.5B | +20% | +17% |
| Net earnings | $1.0B | +24% | +21% |
| Operating cash flow | $1.3B | +4% | +109% |
| Free cash flow | $751M | +3% | — |
What changed
Revenue was $3.9B in Q2 2026, up 10% year over year and up 13% from the previous quarter. Chemicals was the largest line at 20% of revenue. Intermodal added $0.13B year over year (up 26%), 36% of the total change. Other declined 11%.
Operating profit was $1.5B, a 38.3% margin (up 2.4 points year over year). Of the extra revenue versus Q2 2025, 62% reached operating profit, above the 36% margin then. Total costs grew 6% against revenue growth of 10%. Net earnings were $1.0B, up 21% year over year. The effective tax rate was 24.1%.
Operating cash flow was $1.3B (up 109% year over year), 132% of net earnings. Non-cash charges added back $0.41B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items used $0.11B. Capital expenditures of $0.58B left free cash flow of $0.75B.
Questions
What was CSX's revenue in the second quarter 2026?
CSX (CSX) reported revenue of $3.9B for the second quarter 2026 (Q2 2026), +10% from a year earlier and +13% from the quarter before.
Was CSX profitable in the second quarter 2026?
Operating profit was $1.5B (38.3% of revenue) and net earnings $1.0B.
Source: CSX 10-Q on SEC EDGAR.