Filing Flows › CSX (CSX) › Q3 2026
CSX (CSX) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 21, 2026
CSX (CSX) reported revenue of $4.0B for the third quarter 2026 (Q3 2026), +12% from a year earlier and +2% from the quarter before. Operating margin was 39.1%, net earnings $1.1B (26.2% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.0B | +2% | +12% |
| Operating profit | $1.6B | +4% | +44% |
| Net earnings | $1.1B | +5% | +52% |
| Operating cash flow | $1.6B | +22% | +21% |
| Free cash flow | $1.0B | +36% | +69% |
What changed
Revenue was $4.0B in Q3 2026, up 12% year over year and up 2% from the previous quarter. Chemicals was the largest line at 20% of revenue. Intermodal added $0.11B year over year (up 20%), 25% of the total change. Fertilizers declined 6%.
Operating profit was $1.6B, a 39.1% margin (up 8.8 points year over year). Of the extra revenue versus Q3 2025, 112% reached operating profit, above the 30% margin then. Total costs fell 2% while revenue rose 12%. Net earnings were $1.1B, up 52% year over year. The effective tax rate was 24.0%.
Operating cash flow was $1.6B (up 21% year over year), 154% of net earnings. Non-cash charges added back $0.41B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.13B. Capital expenditures of $0.59B left free cash flow of $1.0B.
Questions
What was CSX's revenue in the third quarter 2026?
CSX (CSX) reported revenue of $4.0B for the third quarter 2026 (Q3 2026), +12% from a year earlier and +2% from the quarter before.
Was CSX profitable in the third quarter 2026?
Operating profit was $1.6B (39.1% of revenue) and net earnings $1.1B.
Source: CSX 10-Q on SEC EDGAR.