Filing Flows › CSX (CSX) › Q3 2026 › vs Q2 2026
CSX (CSX) Q3 2026 vs Q2 2026 (quarter over quarter)
CSX's revenue rose $82.0M (+2%) from $3.9B in Q2 2026 to $4.0B in Q3 2026. The biggest changes: Other +$43.0M (+35%); Total Merchandise +$20.0M (+0.8%); Coal +$17.0M (+3%). Operating margin 39.1% against 38.3% (+0.8 pts).
CSX, Q3 2026: revenue $4.0B (+12% year over year), operating margin 39.1%, net earnings $1.1B, operating cash flow $1.6B. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 39.1% | 38.3% | +0.8 pts |
| Net margin | 26.2% | 25.5% | +0.7 pts |
| Free cash flow margin | 25.5% | 19.1% | +6.4 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Chemicals | $790M | $774M | $16.0M | +2% |
| Intermodal | $634M | $620M | $14.0M | +2% |
| Agricultural and Food Products | $430M | $444M | −$14.0M | -3% |
| Automotive | $325M | $332M | −$7.0M | -2% |
| Forest Products | $277M | $266M | $11.0M | +4% |
| Total Merchandise | $2.5B | $2.4B | $20.0M | +0.8% |
| Coal | $537M | $520M | $17.0M | +3% |
| Metals and Equipment | $267M | $256M | $11.0M | +4% |
| Minerals | $246M | $242M | $4.0M | +2% |
| Trucking | $227M | $226M | $1.0M | +0.4% |
| Other | $166M | $123M | $43.0M | +35% |
| Fertilizers | $118M | $132M | −$14.0M | -11% |
| Revenue | $4.0B | $3.9B | $82.0M | +2% |
| Operating profit | $1.6B | $1.5B | $64.0M | +4% |
| Costs & expenses | $2.4B | $2.4B | $18.0M | +0.7% |
| Pre-tax earnings | $1.4B | $1.3B | $64.0M | +5% |
| Other expense, net | $186M | $186M | $0 | 0% |
| Net earnings | $1.1B | $1.0B | $50.0M | +5% |
| Income tax | $332M | $318M | $14.0M | +4% |
| Depreciation & amortization | $413M | $411M | $2.0M | +0.5% |
| Share-based compensation | $20.0M | $27.0M | −$7.0M | -26% |
| Working capital & other | $132M | −$113M | $245M | — |
| Operating cash flow | $1.6B | $1.3B | $290M | +22% |
| Free cash flow (OCF − capex) | $1.0B | $751M | $273M | +36% |
| Capital expenditures | $593M | $576M | $17.0M | +3% |
Questions
How much did CSX's revenue grow quarter over quarter in Q3 2026?
CSX's revenue rose $82.0M (+2%) from $3.9B in Q2 2026 to $4.0B in Q3 2026.
What drove CSX's revenue change in Q3 2026?
Other +$43.0M (+35%); Total Merchandise +$20.0M (+0.8%); Coal +$17.0M (+3%).