Income StatementBalance SheetCash FlowSegments
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CSX Income Statement

Revenue, expenses, and profitability over time

CSX generated $14.2B in trailing twelve-month revenue, down 0.0% year-over-year. Net income was $3.1B with a 21.55% net margin. Diluted EPS is $1.63, which declined 0.0% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$14.2BOperating Income (TTM)$4.7BNet Income (TTM)$3.1BEps Diluted (TTM)$1.62
Latest FilingQ1 2026
Report Date2026-04-22
Market Cap$84.6B
P/E Ratio27.73

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Common Stock Dividends Per Share Declared$0.1$0.1$0.1$0.1$0.1$0.1
Other Comprehensive Income (Loss), Other Gains and Losses, Net of Tax$750.0K$2.0M$2.0M$2.0M$2.0M—
Capital Expenditures$838.0M$719.0M$776.0M$730.0M$677.0M$543.0M
Change in Accounts Receivable-$75.0M$9.0M$27.0M-$6.0M-$118.0M$120.0M
Change in Other Current Assets-$18.0M$34.0M—$19.0M$55.0M$38.0M
Common Stock Dividends Per Share$0.1$0.1$0.1$0.1$0.1$0.1
Other Comprehensive Income (Loss), Net of Tax$37.0M$5.0M$3.0M$4.0M$7.0M$1.0M
Dividends per share declared$0.1$0.1$0.1$0.1$0.1$0.1
OCI - Cash flow hedge, net of tax$750.0K-$250.0K-$250.0K-$250.0K-$250.0K—
OCI - Defined benefit plan actuarial gain (loss)$26.8M-$16.0M-$16.0M-$16.0M-$16.0M—
OCI - Defined benefit plan, net of tax-$10.3M-$3.0M-$3.0M-$3.0M-$3.0M—
Other comprehensive income (loss), net of tax$750.0K-$250.0K-$250.0K-$250.0K-$250.0K—
OCI Defined Benefit Gain (Loss) Before Tax$10.5M-$250.0K-$250.0K-$250.0K-$250.0K—
Other Comprehensive Income (Loss)-$10.3M-$3.0M-$3.0M-$3.0M-$3.0M—
OCI Cash Flow Hedge Gain (Loss)$750.0K-$250.0K-$250.0K-$250.0K-$250.0K—
OCI Attributable to Parent$37.0M$5.0M$3.0M$4.0M$7.0M$1.0M
OCI Defined Benefit Plan Net of Tax-$10.3M-$3.0M-$3.0M-$3.0M-$3.0M—
Unrealized Gains (Losses) on Hedge Instruments$750.0K-$250.0K-$250.0K-$250.0K-$250.0K—
Dividends per share declared$0.1$0.1$0.1$0.1$0.1$0.1
Common Stock Dividends Per Share Declared$0.1$0.1$0.1$0.1$0.1$0.1
Income Taxes Paid, Net$269.0M$275.5M$275.5M$275.5M$275.5M—
Interest Paid, Net$212.5M$217.5M$217.5M$217.5M$217.5M—
Pre-tax stock-based compensation cost—$14.0M$15.0M$14.0M$11.0M$13.0M
Capital investments accrued but not yet paid$61.8M$57.8M$57.8M$57.8M$57.8M—
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation-$711.0M$206.0M-$752.0M——$294.0M
Increase in quarterly dividend percentage—8.0%———8.0%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent$770.0M$651.0M$832.0M$698.0M$727.0M$808.0M
Federal$218.3M$138.3M$138.3M$138.3M$138.3M—
Federal$6.5M$48.8M$48.8M$48.8M$48.8M—
Deferred taxes—$13.0M-$14.0M$144.0M$51.0M$51.0M
State-$3.5M-$250.0K-$250.0K-$250.0K-$250.0K—
Expected long-term rate of return on plan assets$0.0$0.0$0.0$0.0$0.0—
Dividends, Common Stock, Cash$230.0M$245.0M$243.0M$242.0M$242.0M$260.0M
Foreign operations—0.0%0.0%0.0%0.0%—
Fuel$266.0M$275.0M$269.0M$281.0M$270.0M$302.0M
Gain/(loss) on dispositions, net$2.8M$4.3M$4.3M$4.3M$4.3M—
Federal taxes—$234.5M$234.5M$234.5M$234.5M—
Foreign—$750.0K$750.0K$750.0K$750.0K—
State taxes—$40.3M$40.3M$40.3M$40.3M—
Effective Income Tax Rate Reconciliation, Other Adjustments, Amount-$4.8M$6.0M$6.0M$6.0M$6.0M—
Effective Income Tax Rate Reconciliation, Tax Exempt Income, Amount—$6.0M$6.0M$6.0M$6.0M—
Income Taxes Paid, Net$269.0M$275.5M$275.5M$275.5M$275.5M—
Accounts payable—$34.0M—$83.0M—$64.0M
Increase (Decrease) in Accounts Receivable-$75.0M$9.0M$27.0M-$6.0M-$118.0M$120.0M
Income and other taxes—$175.0M-$537.0M-$146.0M—$176.0M
Increase (Decrease) in Other Current Assets-$18.0M$34.0M—$19.0M$55.0M$38.0M
Increase (decrease) in other current liabilities-$4.0M$9.0M——$112.0M-$36.0M
Interest Paid, Excluding Capitalized Interest, Operating Activity$212.5M$217.5M$217.5M$217.5M$217.5M—
Korea tax audit assessment, payment$36.5M$45.5M$45.5M$45.5M$45.5M—
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation-$1.2B-$402.0M-$580.0M-$421.0M-$622.0M-$411.0M
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation-$883.0M-$647.0M-$807.0M-$691.0M-$706.0M-$567.0M
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation$1.4B$1.3B$635.0M$1.3B$1.4B$1.3B
Unrealized gains (losses) on hedge instruments$750.0K-$250.0K-$250.0K-$250.0K-$250.0K—
Other comprehensive income/(loss)$37.0M$5.0M$3.0M$4.0M$7.0M$1.0M
Other income, net (Note 6)$1.8M$3.5M$3.5M$3.5M$3.5M—
All other operating activities-$32.0M-$4.0M-$46.0M-$8.0M-$12.0M-$47.0M
Payment for (Proceeds from) Other Investing Activity$3.0M$18.0M$45.0M—$50.0M-$47.0M
Payments for Repurchase of Common Stock$1.0B$751.0M$421.0M$112.0M$112.0M$222.0M
Payments of Ordinary Dividends, Common Stock$230.0M$245.0M$243.0M$242.0M$242.0M$260.0M
Payments to Acquire Property, Plant, and Equipment$838.0M$719.0M$776.0M$730.0M$677.0M$543.0M
Payments to Acquire Short-Term Investments$66.0M$0.0———$140.0M
Debt issued (Note 13)$0.0$600.0M——$300.0M$0.0
Financing — other$41.0M-$4.0M$85.0M—$33.0M$73.0M
Dispositions of property, plant, and equipment$16.0M$23.0M$26.0M$15.0M$14.0M$64.0M
Short-term investments sold$10.0M$67.0M$2.0M$3.0M$8.0M$5.0M
Repayments of Long-Term Debt$2.0M$2.0M$1.0M$9.0M$601.0M$2.0M
Intrinsic value of stock options exercised$11.3M$4.5M$4.5M$4.5M$4.5M—
Options canceled (in dollars per share)$6.12$8.60$8.60$8.60$8.60—
Exercised (in shares)$5.58$4.72$4.72$4.72$4.72—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period889.3K282.8K282.8K282.8K282.8K—
Stock Option Exercises and Other—$20.0M$18.0M$38.0M—$96.0M
Shares repurchased (in shares)30M24M14M3M3M6M
Stockholders' Equity, Other-$39.8M-$26.3M-$26.3M-$26.3M-$26.3M—
OCI Defined Benefit Plan Net Gain Loss Before Tax$10.5M-$250.0K-$250.0K-$250.0K-$250.0K—
Cash Dividends, Common Stock$230.0M$245.0M$243.0M$242.0M$242.0M$260.0M
OCI Defined Benefit Plan, After Tax-$10.3M-$3.0M-$3.0M-$3.0M-$3.0M—
Other Comprehensive Income (Loss)$770.0M$651.0M$832.0M$698.0M$727.0M$808.0M
OCI Pension Adjustments-$10.3M-$3.0M-$3.0M-$3.0M-$3.0M—
Common Stock Dividends Per Share Declared$0.1$0.1$0.1$0.1$0.1$0.1
Other Comprehensive Income (Loss), Net of Tax, Attributable to Parent$37.0M$5.0M$3.0M$4.0M$7.0M$1.0M
Common Stock Dividends Per Share Declared$0.1$0.1$0.1$0.1$0.1$0.1
OCI Net of Tax, Parent$37.0M$5.0M$3.0M$4.0M$7.0M$1.0M
OCI Pension Reclassification Adjustment, Pre-tax-$10.3M-$3.0M-$3.0M-$3.0M-$3.0M—

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Common Stock Dividends Per Share Declared$0.1$0.1$0.1$0.1$0.1$0.1
Weighted Average Diluted Shares Adjustment—$2.0M$2.0M$3.0M$1.0M$2.0M
Common Stock Dividends Per Share (Declared)$0.1$0.1$0.1$0.1$0.1$0.1
Common Stock Dividends Per Share Declared$0.1$0.1$0.1$0.1$0.1$0.1
Basic earnings per share$0.38$0.34$0.44$0.37$0.38$0.43
Diluted earnings per share$0.39$0.34$0.44$0.37$0.38$0.43
Common Stock Dividends Per Share Declared$0.1$0.1$0.1$0.1$0.1$0.1
Dividends Per Share Declared$0.1$0.1$0.1$0.1$0.1$0.1
Common Stock Dividends Per Share Declared$0.1$0.1$0.1$0.1$0.1$0.1
Common Stock Dividends Per Share Declared$0.1$0.1$0.1$0.1$0.1$0.1
Common stock dividends per share declared$0.1$0.1$0.1$0.1$0.1$0.1
Dividends Per Share Declared$0.1$0.1$0.1$0.1$0.1$0.1
Dividends per share declared$0.1$0.1$0.1$0.1$0.1$0.1
Weighted Average Diluted Shares Adjustment—$2.0M$2.0M$3.0M$1.0M$2.0M
Common Stock Dividends Per Share Declared$0.1$0.1$0.1$0.1$0.1$0.1
Dividends per share declared$0.1$0.1$0.1$0.1$0.1$0.1
Dividends per share declared$0.1$0.1$0.1$0.1$0.1$0.1
Dividends per Share Declared$0.1$0.1$0.1$0.1$0.1$0.1
Common Stock Dividends Per Share Declared$0.1$0.1$0.1$0.1$0.1$0.1
Common Stock Dividends Per Share Declared$0.1$0.1$0.1$0.1$0.1$0.1
Common stock dividends per share declared$0.1$0.1$0.1$0.1$0.1$0.1
Common Stock Dividends Per Share Declared$0.1$0.1$0.1$0.1$0.1$0.1
Common Stock Dividends Per Share Declared$0.1$0.1$0.1$0.1$0.1$0.1
Common stock dividends per share declared$0.1$0.1$0.1$0.1$0.1$0.1
Weighted average number diluted shares outstanding adjustment—$2.0M$2.0M$3.0M$1.0M$2.0M
Weighted-average shares, basic—1.9B1.9B1.9B—1.9B
Weighted-average shares, diluted—1.9B1.9B1.9B—1.9B

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Defined Benefit Plan Amortization of Gains (Losses)-$4.5M-$5.8M-$5.8M-$5.8M-$5.8M—
Cash Paid for Interest$212.5M$217.5M$217.5M$217.5M$217.5M—
Other Charges$1.8M$3.5M$3.5M$3.5M$3.5M—
Interest expense$207.0M$209.0M$212.0M$210.0M$213.0M$213.0M
Net Change in Cash Flow Hedges$750.0K-$250.0K-$250.0K-$250.0K-$250.0K—
Change in Accounts Payable—$34.0M—$83.0M—$64.0M
OCI Defined Benefit Plans-$10.3M-$3.0M-$3.0M-$3.0M-$3.0M—
Non-service pension and postretirement benefit expense-$12.5M-$8.3M-$8.3M-$8.3M-$8.3M—
Other income (expense), net$37.0M$26.0M$22.0M$21.0M$23.0M$23.0M
Amortization of Debt Discount (Premium)—$25.0M$41.0M$5.0M$12.0M-$3.0M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effective Tax Rate Statutory Reconciliation$0.1$0.1$0.1$0.1$0.1—
Cash Paid for Income Taxes$269.0M$275.5M$275.5M$275.5M$275.5M—
Current income tax expense (benefit)$268.3M$171.5M$171.5M$171.5M$171.5M—
Income Tax at U.S. Statutory Rate$239.3M$198.0M$198.0M$198.0M$198.0M—
Stock-Based Compensation Tax Benefit$1.0M$3.0M$3.0M$4.0M$3.0M$7.0M
State and Local Income Taxes, Net$50.0M$33.3M$33.3M$33.3M$33.3M—
Tax Adjustments, Settlements and Unusual Provisions-$7.8M-$10.8M-$10.8M-$10.8M-$10.8M—
Tax Reconciliation: Other Adjustments-$0.0$0.0$0.0$0.0$0.0—
Current State Tax Expense$50.0M$33.3M$33.3M$33.3M$33.3M—
Tax Reconciliation, Federal Statutory Amount$239.3M$198.0M$198.0M$198.0M$198.0M—
Tax Reconciliation, Foreign Rate Differential—$0.0$0.0$0.0$0.0—
Tax Reconciliation, Other Items-$0.0$0.0$0.0$0.0$0.0—
Tax Reconciliation, State and Local Taxes$0.0$0.0$0.0$0.0$0.0—
Tax Reconciliation, Tax Credits—$0.0$0.0$0.0$0.0—
Current State and Local Tax Expense (Benefit)$50.0M$33.3M$33.3M$33.3M$33.3M—
Income Taxes Paid, Net$269.0M$275.5M$275.5M$275.5M$275.5M—
Share-Based Compensation Tax Benefit$1.0M$3.0M$3.0M$4.0M$3.0M$7.0M
Current State and Local Tax Expense$50.0M$33.3M$33.3M$33.3M$33.3M—
Income tax expense$203.0M$212.0M$264.0M$204.0M$200.0M$256.0M
Share-Based Compensation Tax Benefit$1.0M$3.0M$3.0M$4.0M$3.0M$7.0M
Tax Reconciliation at Federal Statutory Rate$0.1$0.1$0.1$0.1$0.1—
Current Income Tax Expense$268.3M$171.5M$171.5M$171.5M$171.5M—
Current State and Local Tax Expense (Benefit)$50.0M$33.3M$33.3M$33.3M$33.3M—
Tax Reconciliation - Federal Statutory Rate$0.1$0.1$0.1$0.1$0.1—
Tax Reconciliation - Tax Exempt Income—$0.0$0.0$0.0$0.0—
Income Taxes Paid, Net$269.0M$275.5M$275.5M$275.5M$275.5M—
Foreign Rate Differential—$750.0K$750.0K$750.0K$750.0K—
Statutory Federal Income Tax Rate$0.1$0.1$0.1$0.1$0.1—
Tax Reconciliation: Other Adjustments-$4.8M$6.0M$6.0M$6.0M$6.0M—
Tax Reconciliation: Tax Credits—$4.3M$4.3M$4.3M$4.3M—
Current State and Local Tax Expense (Benefit)$50.0M$33.3M$33.3M$33.3M$33.3M—
Current State and Local Tax Expense (Benefit)$50.0M$33.3M$33.3M$33.3M$33.3M—
Income and Other Taxes—$175.0M-$537.0M-$146.0M—$176.0M
Current State and Local Tax Expense$50.0M$33.3M$33.3M$33.3M$33.3M—
Tax Reconciliation Federal Statutory Rate$0.1$0.1$0.1$0.1$0.1—
Tax Reconciliation Other Adjustments-$0.0$0.0$0.0$0.0$0.0—
Tax Reconciliation State and Local Taxes$0.0$0.0$0.0$0.0$0.0—

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total stock-based compensation—$14.0M$15.0M$14.0M$11.0M$13.0M
Stock-Based Compensation Expense (Pre-tax)—$14.0M$15.0M$14.0M$11.0M$13.0M
Compensation and benefits$788.0M$821.0M$791.0M$815.0M$835.0M$812.0M
Shipping and Handling Costs$2.4B$2.4B$2.3B$2.5B$2.4B$2.2B
Depreciation and amortization$422.0M$425.0M$427.0M$424.0M$404.0M$415.0M
Other Costs and Expenses$754.0M$774.0M$710.0M$730.0M$799.0M$616.0M
Allocated Share-Based Compensation Expense—$14.0M$15.0M$14.0M$11.0M$13.0M
Share-Based Compensation (Operating)—$14.0M$15.0M$14.0M$11.0M$13.0M
Loss Contingency Accrual Provision$42.0M$49.8M$49.8M$49.8M$49.8M—
Share-Based Compensation Expense Before Income Taxes—$14.0M$15.0M$14.0M$11.0M$13.0M
Other operating charges$754.0M$774.0M$710.0M$730.0M$799.0M$616.0M
Stock-based compensation expense—$14.0M$15.0M$14.0M$11.0M$13.0M
Equipment and Other Rents$95.0M$87.0M$94.0M$86.0M$90.0M$84.0M
Stock-Based Compensation (Before Tax)—$14.0M$15.0M$14.0M$11.0M$13.0M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Common Dividends Declared (Per Share)$0.1$0.1$0.1$0.1$0.1$0.1
Common Stock Dividends$230.0M$245.0M$243.0M$242.0M$242.0M$260.0M
OCI Attributable to Parent$37.0M$5.0M$3.0M$4.0M$7.0M$1.0M
Net income$733.0M$646.0M$829.0M$694.0M$720.0M$807.0M
Common Stock Dividends$230.0M$245.0M$243.0M$242.0M$242.0M$260.0M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$936.0M$858.0M$1.1B$898.0M$920.0M$1.1B

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Operating income$1.1B$1.0B$1.3B$1.1B$1.1B$1.3B

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total revenue$3.5B$3.4B$3.6B$3.6B$3.5B$3.5B