CSX Corporation (CSX) Earnings: Q3 2026 Results and Next Report Date

The quarter ended September 30, 2026 and CSX published the results on October 21, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison.

• CSX reported no adjusted figures for Q3 2026. Its Q3 2025 results included a $164 million non-cash goodwill impairment at Quality Carriers; excluding it, CSX's year-ago adjusted EPS was $0.44.

Source: CSX Q3 2026 results (Form 8-K, Exhibit 99.1), October 21, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How CSX splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• CSX's Total Merchandise revenue was $2.5 billion in Q3 2026, up 11% from $2.2 billion in Q3 2025, 61% of total revenue.
• CSX's Intermodal revenue was $634 million in Q3 2026, up 20% from $527 million in Q3 2025, 16% of total revenue.
• CSX's Coal revenue was $537 million in Q3 2026, up 10% from $490 million in Q3 2025, 13% of total revenue.
• CSX's Trucking revenue was $227 million in Q3 2026, up 10% from $207 million in Q3 2025, 6% of total revenue.
• CSX's Other revenue was $166 million in Q3 2026, up 7% from $155 million in Q3 2025, 4% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Revenue and diluted EPS, each as first reported in that quarter's Quarterly Financial Report (Exhibit 99.2 to the earnings 8-K).

CSX's next report is expected around January 28, 2027, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q3 2026 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 21, 2026

CSX's Q3 2026 revenue rose 12% to $4,017 million from $3,587 million, which CSX called record quarterly revenue. Merchandise brought in $2,453 million, intermodal $634 million, coal $537 million, trucking $227 million and other revenue $166 million. Chemicals, at $790 million, is the largest merchandise market. (CSX Quarterly Financial Report, Q3 2026, Oct 21, 2026; CSX Q3 2026 release, Oct 21, 2026)

CSX attributed the increase primarily to fuel surcharge revenue, plus higher volume and pricing across merchandise, intermodal and coal. Fuel surcharge revenue was $466 million, against $234 million a year earlier. Total volume rose 5% to 1.69 million units, and revenue per unit rose 7% to $2,381. (CSX Quarterly Financial Report, Q3 2026, Oct 21, 2026; CSX Q3 2026 release, Oct 21, 2026)

Intermodal revenue rose 20% on 7% more volume; CSX said domestic shipments grew on wins with key customers, new service offerings and a tightening truck environment, while international shipments decreased slightly. Merchandise volume rose 3%, led by Metals and Equipment (up 12%) and Chemicals (up 7%), while Fertilizers fell 13% as higher input costs cut demand. Export coal tonnage rose 7% to 10.6 million tons and domestic coal fell 3%. (CSX Quarterly Financial Report, Q3 2026, Oct 21, 2026)

CSX's network covers approximately 20,000 route miles in the eastern United States, where nearly two-thirds of the U.S. population lives, and links approximately 250 short-line railroads and more than 70 ocean, river and lake ports. Its trucking revenue comes from Quality Carriers, the largest provider of bulk liquid chemicals truck transportation in North America. (CSX Form 10-K, 2025, Feb 12, 2026; CSX Q3 2026 release, Oct 21, 2026)

CSX's diluted EPS rose 54% to $0.57 in Q3 2026 from $0.37. The year-ago figure included a $164 million non-cash goodwill impairment for Quality Carriers; against adjusted year-ago EPS of $0.44, EPS rose 30%. CSX reported no adjustments to its Q3 2026 results. (CSX Q3 2026 release, Oct 21, 2026)

Operating income rose 44% to $1,570 million and operating margin widened 880 basis points to 39.1%. Total expense fell 2% to $2,447 million, even as fuel expense rose $170 million on a 67% increase in locomotive fuel prices to $4.24 a gallon. Purchased services and other expense fell $73 million, and average headcount fell by 1,320 to 21,955. (CSX Quarterly Financial Report, Q3 2026, Oct 21, 2026; CSX Q3 2026 release, Oct 21, 2026)

CSX repurchased 11 million shares for $543 million in the quarter, at an average cost of $48.75. Average diluted shares were 1,853 million, against 1,867 million a year earlier, and income tax expense was $332 million on pre-tax earnings of $1,384 million. (CSX Quarterly Financial Report, Q3 2026, Oct 21, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

CSX does not publish a revenue or earnings outlook in its Q3 2026 release or its Quarterly Financial Report. Chief executive Steve Angel said in the release that the company looks forward to continued progress toward best-in-class performance in 2027. (CSX Q3 2026 release, Oct 21, 2026; CSX Quarterly Financial Report, Q3 2026, Oct 21, 2026)

Service measures weakened in the quarter even as volumes rose: train velocity fell 2% to 18.6 miles per hour, dwell rose 12% to 10.6 hours, and carload trip plan performance fell to 73% from 83%. (CSX Quarterly Financial Report, Q3 2026, Oct 21, 2026)

A consensus figure is the average of the models published by the analysts who cover CSX, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones CSX's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning CSX is on is CSX a buy or a sell?, what analysts expect next is on the CSX forecast, and what the company does is on the CSX Corporation (CSX) stock page.

Every number on this page can be traced to a document CSX published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.