CSX Corporation (CSX) Income Statement
CSX 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsCSX revenue and net income
Where CSX's revenue goes
2025Each bar shows an amount and its share of revenue. CSX kept 20.5% of revenue as net income.
CSX profit margins
CSX growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −3.1% | −1.7% | +5.9% | +1.8% |
| Gross profit | −14.9% | −6.4% | +1.1% | +2.3% |
| Operating income | −15.7% | −8.8% | +0.8% | +2.3% |
| Net income | −16.7% | −11.1% | +0.9% | +3.9% |
| EPS (diluted) | −12.0% | −5.5% | +6.1% | +9.5% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CSX quarterly EPS vs estimates
CSX beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: October 21, 2026 (estimate $0.52).
CSX income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $14.09B | $14.54B | $14.66B | $14.85B | $12.52B | $10.58B | $11.94B | $12.25B | $11.41B | $11.07B |
| Cost of revenue | $9.41B | $9.03B | $9.05B | $9.14B | $7.23B | $6.14B | $7.08B | $7.51B | $7.55B | $7.70B |
| Gross profit | $4.68B | $5.51B | $5.60B | $5.72B | $5.29B | $4.44B | $4.85B | $4.74B | $3.86B | $3.37B |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $33.0M | $50.0M | $29.0M | $79.0M | $64.0M | $42.0M | $3.02B | $4.61B | $4.81B | $3.60B |
| Total operating expenses | $164.0M | $140.0M | $136.0M | −$238.0M | $130.0M | $107.0M | $107.0M | $98.0M | $114.0M | $100.0M |
| Operating income | $4.52B | $5.37B | $5.47B | $5.95B | $5.16B | $4.33B | $4.75B | $4.64B | $3.75B | $3.27B |
| Interest income | $45.0M | $85.0M | $79.0M | $42.0M | $7.0M | $17.0M | $48.0M | $32.0M | $13.0M | $10.0M |
| Interest expense | $844.0M | $832.0M | $809.0M | $742.0M | $722.0M | $754.0M | $737.0M | $639.0M | $546.0M | $579.0M |
| Income before taxes | $3.77B | $4.55B | $4.83B | $5.34B | $4.95B | $3.63B | $4.32B | $4.30B | $3.14B | $2.74B |
| Income taxes | $880.0M | $1.08B | $1.16B | $1.23B | $1.17B | $862.0M | $985.0M | $995.0M | −$2.33B | $1.03B |
| Net income | $2.89B | $3.47B | $3.67B | $4.11B | $3.78B | $2.77B | $3.33B | $3.31B | $5.47B | $1.71B |
| EBITDA | $5.87B | $7.07B | $7.27B | $7.59B | $7.09B | $5.76B | $6.40B | $6.27B | $5.00B | $4.62B |
| EPS (diluted) | $1.61 | $1.83 | $1.84 | $1.91 | $1.56 | $1.20 | $1.39 | $1.29 | $0.76 | $0.61 |
| Gross margin | 33.2% | 37.9% | 38.2% | 38.5% | 42.2% | 42.0% | 40.6% | 38.7% | 33.9% | 30.5% |
| Operating margin | 32.1% | 36.9% | 37.3% | 40.1% | 41.2% | 41.0% | 39.8% | 37.9% | 32.9% | 29.6% |
| Net margin | 20.5% | 23.9% | 25.0% | 27.7% | 30.2% | 26.1% | 27.9% | 27.0% | 47.9% | 15.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.94B | $3.48B | $3.51B | $3.59B | $3.57B | $3.42B | $3.54B | $3.62B | $3.70B | $3.68B | $3.68B | $3.57B |
| Cost of revenue | $2.43B | $1.81B | $2.40B | $2.34B | $2.29B | $2.38B | $2.33B | $2.26B | $2.27B | $2.34B | $2.37B | $2.31B |
| Gross profit | $3.94B | $1.67B | $1.11B | $1.25B | $1.28B | $1.04B | $1.21B | $1.36B | $1.43B | $1.34B | $1.31B | $1.26B |
| Sales, general & admin | — | — | — | $730.0M | — | — | — | — | — | — | — | — |
| Total operating expenses | $2.43B | $415.0M | $2.37B | $164.0M | $2.29B | $3.0M | $105.0M | $1.0M | $386.0M | −$2.33B | −$75.0M | −$2.28B |
| Operating income | $1.51B | $1.25B | $1.11B | $1.09B | $1.28B | $1.04B | $1.21B | $1.36B | $1.43B | $1.34B | $1.31B | $1.26B |
| Interest expense | $211.0M | $213.0M | $213.0M | $210.0M | $212.0M | $209.0M | $207.0M | $206.0M | $209.0M | $210.0M | $204.0M | $203.0M |
| Income before taxes | $1.32B | $1.06B | $920.0M | $898.0M | $1.09B | $858.0M | $936.0M | $1.18B | $1.27B | $1.17B | $1.14B | $1.10B |
| Income taxes | $318.0M | $256.0M | $200.0M | $204.0M | $264.0M | $212.0M | $203.0M | $290.0M | $304.0M | $288.0M | $262.0M | $274.0M |
| Net income | $1.00B | $807.0M | $720.0M | $694.0M | $829.0M | $646.0M | $733.0M | $894.0M | $963.0M | $880.0M | $882.0M | $828.0M |
| EBITDA | $1.94B | $1.69B | $1.54B | $1.53B | $1.73B | $1.49B | $1.56B | $1.81B | $1.89B | $1.79B | $1.75B | $1.71B |
| EPS (diluted) | $0.54 | $0.43 | $0.39 | $0.44 | $0.44 | $0.34 | $0.42 | $0.46 | $0.49 | $0.46 | $0.45 | $0.42 |
| Gross margin | 100.0% | 47.9% | 31.6% | 34.9% | 35.9% | 30.4% | 34.2% | 37.5% | 38.7% | 36.3% | 35.5% | 35.2% |
| Operating margin | 38.3% | 36.0% | 31.6% | 30.3% | 35.9% | 30.4% | 34.2% | 37.5% | 38.7% | 36.3% | 35.5% | 35.2% |
| Net margin | 25.5% | 23.2% | 20.5% | 19.3% | 23.2% | 18.9% | 20.7% | 24.7% | 26.0% | 23.9% | 24.0% | 23.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CSX's financial statements (latest annual report filed February 12, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CSX financial results
In fiscal year 2025 (ended December 31, 2025), CSX reported revenue of $14.1 billion, down 3.1% from the year before. It had net income of $2.9 billion (down 16.7%), a net profit margin of 20.5%. Diluted earnings per share came to $1.61. Over five years revenue grew at an average rate of 5.9% a year.
See the CSX stock overview for the latest quote and news, or the CSX chart for price history and technical indicators.
CSX income statement FAQ
What is CSX's annual revenue?
CSX reported total revenue of $14.1 billion for fiscal year 2025, which ended on December 31, 2025. That was down 3.1% from $14.5 billion the previous year.
Is CSX profitable?
Yes. CSX reported net income of $2.9 billion in fiscal 2025, a net profit margin of 20.5%; its operating margin was 32.1%.
What is CSX's gross margin?
CSX's gross margin was 33.2% in fiscal 2025: for every $100 of revenue, CSX kept $33 after the direct cost of its products and services.
How fast is CSX growing?
Revenue grew 5.9% a year on average over the last five fiscal years, from $10.6 billion to $14.1 billion.
What are CSX's earnings per share?
CSX earned $1.61 per diluted share in fiscal 2025, compared with $1.83 a year earlier.
When will CSX report its next earnings?
CSX is expected to report results for the quarter ending September 30, 2026 on October 21, 2026 after the market closes.
When does CSX's fiscal year end?
CSX's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 12, 2026.