Csx (CSX) Operating Margin (2009 - 2026)
Csx's Operating Margin came in at 39.08% for Q3 2026, up 8.78 percentage points from 30.30% a year earlier and up 0.81 percentage points from the prior quarter.
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Analysis
Csx (CSX) Operating Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Csx reported Operating Margin of 36.38%, up 4.40 percentage points year-over-year; for FY2025, it was 32.06%, down 4.01 percentage points from FY2024.
- Operating Margin has declined in each of the last four years, with a five-year change of -9.15 percentage points (FY2020 to FY2025).
- Going back by year, Operating Margin was 36.07% in FY2024 (-1.45 pp), 37.52% in FY2023 (-2.57 pp), 40.09% in FY2022 (-4.59 pp) and 44.67% in FY2021 (+3.46 pp).
- The Q3 2026 figure represents the highest quarterly Operating Margin since Q2 2024.
- Year-over-year, Operating Margin has increased for four consecutive quarters, with an average year-over-year change of -0.46 percentage points over the last eight quarters.
- The fastest year-over-year change in Operating Margin over five years came in Q3 2026 (a gain of 8.78 percentage points), and the weakest in Q2 2022 (a drop of 11.92 percentage points).
- Business Quant data shows CSX's Operating Margin at 38.27% (Q2 2026), 35.99% (Q1 2026) and 31.57% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 178.63 Bn | 170.88 Bn | - | 40.89% |
| 2 | Csx | 94.16 Bn | 89.39 Bn | - | 39.08% |
| 3 | United Parcel Service | 83.47 Bn | 60.32 Bn | 22.04 Bn | 7.63% |
| 4 | Canadian Pacific Kansas City | 81.54 Bn | 81.26 Bn | 57.15 Mn | 35.25% |
| 5 | Fedex | 75.60 Bn | 41.80 Bn | 18.84 Bn | 6.20% |
| 6 | Norfolk Southern | 73.66 Bn | 68.13 Bn | - | 32.61% |
| 7 | Delta Air Lines | 60.67 Bn | 42.86 Bn | - | 7.20% |
| 8 | United Airlines Holdings | 39.17 Bn | -18.53 Bn | - | 8.09% |
| 9 | Old Dominion Freight Line | 34.72 Bn | 33.56 Bn | 1.56 Bn | 28.46% |
| 10 | Ryanair Holdings | 31.95 Bn | 16.22 Bn | - | 31.94% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 39.08% |
| Jun 30, 2026 | 38.27% |
| Mar 31, 2026 | 35.99% |
| Dec 31, 2025 | 31.57% |
| Sep 30, 2025 | 30.30% |
| Jun 30, 2025 | 35.90% |
| Mar 31, 2025 | 30.41% |
| Dec 31, 2024 | 31.25% |
| Sep 30, 2024 | 37.41% |
| Jun 30, 2024 | 39.12% |
| Mar 31, 2024 | 36.32% |
| Dec 31, 2023 | 35.73% |
| Sep 30, 2023 | 35.58% |
| Jun 30, 2023 | 39.63% |
| Mar 31, 2023 | 39.04% |
| Dec 31, 2022 | 37.27% |
| Sep 30, 2022 | 40.54% |
| Jun 30, 2022 | 44.64% |
| Mar 31, 2022 | 37.56% |
| Dec 31, 2021 | 39.86% |
API Access
Csx Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=CSX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "CSX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=CSX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();