The use of a pneumatic spring suspension system in the second stage of spring suspension of high-speed rolling stock is an integral component of ensuring its permissible dynamic indicators and traffic safety indicators. This work is aimed at researching the deformation characteristics of the rubber-cord shell of the pneumatic spring in the vertical and horizontal directions, taking into account manometric pressure, external load and an auxiliary reservoir. To achieve the goal, a methodology for experimental studies of pneumatic spring deformation was developed using a test rig with an assembled pneumatic spring suspension system, power and measuring equipment. Deformations of the rubber-cord sheath were measured by analog sensors of linear displacements using an analog-to-digital converter and special software. It was established that the effect of the auxiliary reservoir on the amount of vertical deformation of the lower part of the rubber-cord shell does not exceed 3.46 %, which allows us to conclude that the auxiliary reservoir of the pneumatic spring suspension system has a negligible effect on the vertical deformations of the lower part of the rubber-cord shell of the pneumatic spring. The dependences of the deformation of the rubber-cord shell of the pneumatic spring in the horizontal direction on the value of the manometric pressure when the auxiliary reservoir is connected and disconnected are obtained. It was established that in the range of manometric pressure changes of 1.0÷2.5 atm the presence or absence of an auxiliary reservoir has little effect on the amount of deformation of the rubber-cord sheath in the horizontal direction. However, at a pressure of more than 2.5 atm, closing the tap to the auxiliary reservoir leads to significantly greater deformation of the rubber cord shell compared to the deformation when the tap is open and the auxiliary reservoir is turned on. The obtained results regarding the deformation characteristics of the rubber-cord shell of the pneumatic spring will allow us to proceed to the study of the dynamic characteristics of the pneumatic spring, which are necessary when establishing safe conditions for the operation of modern high-speed rolling stock at the stage of its design.