CSX Posts Record Q2 Revenue of $3.94B, EPS Climbs 23% to $0.54
CSX sits 61% above its 52-week low of $31.8.
Summary
CSX posted record Q2 2026 revenue of $3.94 billion, up 10% year-over-year, with diluted EPS of $0.54, a 23% increase. Operating margin expanded to 38.3% on volume growth of 6%.
Key Events · Earnings and Guidance · CSX
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Record Quarterly Revenue
Revenue reached $3.94 billion, a 10% increase from $3.57 billion in Q2 2025, driven by higher fuel surcharge revenue, volume growth, and pricing gains across merchandise, intermodal, and coal.
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Earnings Per Share Surge
Diluted EPS rose 23% to $0.54 from $0.44 a year ago, reflecting operating leverage and a lower share count from ongoing buybacks.
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Operating Margin Expansion
Operating income grew 17% to $1.51 billion, with operating margin expanding 240 basis points to 38.3%, as non-fuel expenses declined despite volume growth.
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Broad-Based Volume Growth
Total volume increased 6% to 1.68 million units, led by a 9% jump in intermodal shipments, with merchandise up 4% and coal up 4%.
Analysis · CSX · Energy & Transportation
A standout quarter featured record revenue, meaningful margin expansion, and broad volume growth. The 23% EPS beat and 240-basis-point improvement in operating margin underscore robust operational execution and pricing power. Together with the ongoing $5 billion buyback program, these results highlight the company's ability to return capital to shareholders while continuing to invest in growth.
At the time of this filing, CSX was trading at $51.29 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $92.8B. The 52-week trading range was $31.80 to $51.29. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.