Buyback Radar
Company reports

CSX

CSX

CSX has retired 53.1% of its shares since 2005, from 3,949,764,678 to 1,852,474,917.

53.1%retired since 2005
16.5%last 5 years
0.5%last 12 months
1.9Bshares today

At $48.68 a share, a market value of $90.2B. P/E 28.0, trailing twelve months to June 2026.

Shares outstanding, 1999 to todaysplit adjusted, from SEC filings
a quarter gone 2014half gone 20223.9B shares, 20051.9B200020052010201520202025
1999, 3,934,525,3382026-06-30, 1,852,474,917
A share bought in 1999
2.1× more of CSX today, without buying another share. It was one of 3,934,525,338 shares then. It is one of 1,852,474,917 now.
Every filing we read27 fiscal years, split adjusted
Fiscal yearDateShares outstandingFiling
19992000-02-253,934,525,33810-Kcover page
20002001-01-263,833,681,41810-Kcover page
20012002-01-253,849,995,70010-Kcover page
20022003-01-243,864,358,18810-Kcover page
20032004-03-053,870,649,24210-Kcover page
20042005-02-283,881,155,75210-Kcover page
20052006-01-273,949,764,67810-Kcover page
20062007-01-313,931,135,56910-Kcover page
20072007-12-283,670,776,00010-K
20082008-12-263,514,734,00010-K
20092010-02-053,510,318,91510-K
20102010-12-313,333,078,00010-K
20112012-01-273,156,803,07610-K
20122013-01-253,062,389,89010-K
20132014-01-243,022,775,01910-K
20142015-01-232,971,694,47210-K
20152016-01-222,889,450,03310-K
20162017-01-272,779,340,97910-K
20172018-01-312,661,708,24010-K
20182019-01-312,446,891,09810-K
20192020-01-312,321,476,69510-K
20202021-01-312,287,515,17410-K
20212022-01-312,193,389,44410-K
20222023-01-312,062,605,43410-K
20232024-01-311,959,134,34210-K
20242025-01-311,894,616,58210-K
20252026-01-311,859,556,79910-K

Source: all 10-K filings of CSX on EDGAR. Download this series as CSV. Licence CC BY 4.0, credit Buyback Radar.

The story

Every Monday we write about one of these companies.

Read the full story
What the buybacks cost, fiscal 2007 to 2025cash flow statement against share count
$35.8Bspent on buybacks
2.1Bfewer shares outstanding
1.5%buyback yield, last fiscal year’s spend on today’s market value

Cash spent comes from the cash flow statement. Shares outstanding fell by less than the company bought, because part of every buyback only replaces shares handed to employees. Today’s price is $48.68.

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CSX buybacks, answered

Is CSX buying back its stock?

Yes. CSX has 0.5% fewer shares outstanding than twelve months ago, 1,852,474,917 as of June 30, 2026. Over five years the share count is down 16.5%.

How many shares has CSX bought back?

Net of every new share it issued, CSX has 2.10 billion fewer shares than at its 2005 peak. That is 53.1% of the company.

How many shares does CSX have outstanding?

1,852,474,917 shares, as of June 30, 2026, from the cover page of its latest 10-Q. At the 2005 peak it had 3,949,764,678.

What do CSX's buybacks mean for a shareholder?

Each share is a bigger slice of the company. Someone who held CSX stock in 2005 owns 2.1 times as much of the business today without buying another share. Whether that was a good use of cash depends on the price paid.

How does CSX compare with other cannibal stocks?

CSX ranks No. 75 of 467 companies on Buyback Radar by share of the company retired since its peak. Close to it on the list: Crocs (53.2%), Axis Capital (53.1%), Spectrum Brands (52.9%), Applied Materials (52.8%).

Every answer is computed from CSX's own SEC filings and rebuilt every Monday. Latest count: 10-Q on EDGAR.

Superinvestors who own it

Tom GaynerMarkel Group584,500 shares, $27.8M, Q2 2026
Harry BurnSound Shore Management1,472,441 shares, $70.0M, Q2 2026

From the latest 13F filings. All superinvestors.

Insider buying, last 12 months

ANGEL STEPHEN FDirector; President & CEO2026-03-06, 25,000 shares at $40.27 $1.0M total
ANGEL STEPHEN FDirector; President & CEO2025-10-20, 55,000 shares at $36.87 $2.0M total

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