CSX's second quarter 2026 revenue rose 10% to $3.94B, beating estimates on strong volume growth.

CSX reported second quarter 2026 revenue of $3.94 billion and diluted EPS of $0.54, beating analyst estimates of $3.87 billion and $0.50, respectively. The results were driven by broad-based volume growth and higher pricing.

Key Highlights

• Revenue increased 10% year-over-year to a record $3.94 billion, while EPS grew 23% to $0.54.
• Total volume grew 6% year-over-year, led by a 9% increase in the intermodal segment and 4% growth in merchandise.
• The company's operating margin expanded 240 basis points to 38.3%, resulting in an operating ratio of 61.7%, a notable improvement over the prior year's 64.1% and better than anticipated.