Filing Flows › CSX (CSX) › Q3 2026 › vs Q3 2025
CSX (CSX) Q3 2026 vs Q3 2025 (year over year)
CSX's revenue rose $430M (+12%) from $3.6B in Q3 2025 to $4.0B in Q3 2026. The biggest changes: Total Merchandise +$297M (+14%); Coal +$47.0M (+10%); Metals and Equipment +$43.0M (+19%). Operating margin 39.1% against 30.3% (+8.8 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 39.1% | 30.3% | +8.8 pts |
| Net margin | 26.2% | 19.3% | +6.8 pts |
| Free cash flow margin | 25.5% | 16.9% | +8.6 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Chemicals | $790M | $697M | $93.0M | +13% |
| Intermodal | $634M | $527M | $107M | +20% |
| Agricultural and Food Products | $430M | $382M | $48.0M | +13% |
| Automotive | $325M | $306M | $19.0M | +6% |
| Forest Products | $277M | $247M | $30.0M | +12% |
| Total Merchandise | $2.5B | $2.2B | $297M | +14% |
| Coal | $537M | $490M | $47.0M | +10% |
| Metals and Equipment | $267M | $224M | $43.0M | +19% |
| Minerals | $246M | $226M | $20.0M | +9% |
| Trucking | $227M | $207M | $20.0M | +10% |
| Other | $166M | $155M | $11.0M | +7% |
| Fertilizers | $118M | $126M | −$8.0M | -6% |
| Revenue | $4.0B | $3.6B | $430M | +12% |
| Operating profit | $1.6B | $1.1B | $483M | +44% |
| Costs & expenses | $2.4B | $2.5B | −$53.0M | -2% |
| Pre-tax earnings | $1.4B | $898M | $486M | +54% |
| Other expense, net | $186M | $189M | −$3.0M | -2% |
| Net earnings | $1.1B | $694M | $358M | +52% |
| Income tax | $332M | $204M | $128M | +63% |
| Depreciation & amortization | $413M | $424M | −$11.0M | -3% |
| Share-based compensation | $20.0M | $14.0M | $6.0M | +43% |
| Working capital & other | $132M | $205M | −$73.0M | -36% |
| Operating cash flow | $1.6B | $1.3B | $280M | +21% |
| Free cash flow (OCF − capex) | $1.0B | $607M | $417M | +69% |
| Capital expenditures | $593M | $730M | −$137M | -19% |
Questions
How much did CSX's revenue grow year over year in Q3 2026?
CSX's revenue rose $430M (+12%) from $3.6B in Q3 2025 to $4.0B in Q3 2026.
What drove CSX's revenue change in Q3 2026?
Total Merchandise +$297M (+14%); Coal +$47.0M (+10%); Metals and Equipment +$43.0M (+19%).