Norfolk Southern Corporation (NSC)

Norfolk Southern Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Quarter	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021
Period Ending	Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021
Cash & Equivalents	1,069	1,341	1,530	1,418	1,303	1,006	1,641	975	659	652	1,568	1,506	556	552	456	1,214	1,259	1,571	839	1,465
Cash & Short-Term Investments	1,069	1,341	1,530	1,418	1,303	1,006	1,641	975	659	652	1,568	1,506	556	552	456	1,214	1,259	1,571	839	1,465
Cash Growth (YoY)	-17.96%	33.30%	-6.76%	45.44%	97.72%	54.29%	4.66%	-35.26%	18.52%	18.12%	243.86%	24.05%	-55.84%	-64.86%	-45.65%	-17.13%	-24.61%	57.42%	-24.75%	7.80%
Accounts Receivable	1,177	1,123	988	1,102	1,123	1,231	1,069	1,302	1,189	1,198	1,147	1,210	1,089	1,170	1,148	1,151	1,208	1,070	976	945
Inventory	327	312	271	297	313	273	277	288	308	270	264	303	272	262	253	276	289	264	218	235
Other Current Assets	228	248	409	219	168	191	201	125	148	236	292	123	114	138	150	74	101	110	134	77
Total Current Assets	2,801	3,024	3,198	3,036	2,907	2,701	3,188	2,690	2,304	2,356	3,271	3,142	2,031	2,122	2,007	2,715	2,857	3,015	2,167	2,722
Net Property, Plant & Equipment	36,626	36,442	36,479	36,112	35,921	35,803	35,831	35,390	35,280	35,051	33,326	32,668	32,474	32,240	32,156	31,838	31,787	31,657	31,653	31,429
Long-Term Investments	4,155	4,116	4,089	4,081	4,038	4,003	3,370	3,968	3,812	3,570	3,839	3,824	3,673	3,738	3,694	3,686	3,671	3,697	3,707	3,684
Other Long-Term Assets	1,540	1,531	1,470	1,351	1,289	1,293	1,293	1,207	1,162	1,151	1,216	1,105	1,083	1,069	1,028	1,067	1,021	992	966	769
Total Assets	45,122	45,113	45,236	44,580	44,155	43,800	43,682	43,255	42,558	42,128	41,652	40,739	39,261	39,169	38,885	39,306	39,336	39,361	38,493	38,604
Accounts Payable	1,783	1,695	1,863	1,657	1,504	1,445	1,704	1,614	1,535	1,506	1,638	1,499	1,416	1,315	1,293	1,486	1,308	1,181	1,351	1,196
Short-Term Debt	-	-	-	-	-	-	-	-	400	400	-	-	130	-	100	-	-	-	-	-
Current Portion of Long-Term Debt	649	609	607	607	903	555	555	555	255	4	4	405	405	403	603	605	605	1,153	553	558
Other Current Liabilities	938	1,031	1,305	1,260	1,260	1,450	1,286	1,508	1,477	1,537	990	1,010	1,035	1,106	653	707	696	813	617	656
Total Current Liabilities	3,370	3,335	3,775	3,524	3,667	3,450	3,545	3,677	3,667	3,447	2,632	2,914	2,986	2,824	2,649	2,798	2,609	3,147	2,521	2,410
Long-Term Debt	15,967	16,492	16,480	16,476	16,464	16,660	16,651	16,644	16,937	17,179	17,175	16,179	14,594	14,585	14,479	14,463	14,449	13,691	13,287	13,274
Other Long-Term Liabilities	9,532	9,482	9,434	9,439	9,237	9,179	9,180	9,149	8,975	8,966	9,064	9,031	9,041	9,033	9,024	9,021	9,124	9,062	9,044	9,033
Total Long-Term Liabilities	25,499	25,974	25,914	25,915	25,701	25,839	25,831	25,793	25,912	26,145	26,239	25,210	23,635	23,618	23,503	23,484	23,573	22,753	22,331	22,307
Total Liabilities	28,869	29,309	29,689	29,439	29,368	29,289	29,376	29,470	29,579	29,592	28,871	28,124	26,621	26,442	26,152	26,282	26,182	25,900	24,852	24,717
Common Stock	226	226	226	226	226	227	228	228	227	227	227	227	228	229	230	233	236	240	242	244
Additional Paid-in Capital	2,332	2,312	2,296	2,283	2,259	2,249	2,247	2,223	2,208	2,188	2,179	2,163	2,160	2,155	2,157	2,181	2,190	2,203	2,215	2,224
Accumulated Other Comprehensive Income	-212	-211	-210	-262	-261	-261	-262	-332	-330	-322	-320	-364	-359	-355	-351	-377	-388	-394	-402	-571
Retained Earnings	13,907	13,477	13,235	12,894	12,563	12,296	12,093	11,666	10,874	10,443	10,695	10,589	10,611	10,698	10,697	10,987	11,116	11,412	11,586	11,990
Shareholders' Equity	16,253	15,804	15,547	15,141	14,787	14,511	14,306	13,785	12,979	12,536	12,781	12,615	12,640	12,727	12,733	13,024	13,154	13,461	13,641	13,887
Total Liabilities & Equity	45,122	45,113	45,236	44,580	44,155	43,800	43,682	43,255	42,558	42,128	41,652	40,739	39,261	39,169	38,885	39,306	39,336	39,361	38,493	38,604
Total Debt	16,616	17,101	17,087	17,083	17,367	17,215	17,206	17,199	17,592	17,583	17,179	16,584	15,129	14,988	15,182	15,068	15,054	14,844	13,840	13,832
Net Cash (Debt)	-15,547	-15,760	-15,557	-15,665	-16,064	-16,209	-15,565	-16,224	-16,933	-16,931	-15,611	-15,078	-14,573	-14,436	-14,726	-13,854	-13,795	-13,273	-13,001	-12,367
Net Cash Growth (YoY)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Cash Per Share	-69.10	-70.04	-69.20	-69.72	-71.33	-71.56	-68.66	-71.63	-74.79	-74.85	-68.98	-66.42	-63.92	-63.23	-63.83	-59.20	-58.08	-55.26	-53.39	-50.19
Book Value	16,253	15,804	15,547	15,141	14,787	14,511	14,306	13,785	12,979	12,536	12,781	12,615	12,640	12,727	12,733	13,024	13,154	13,461	13,641	13,887
Book Value Per Share	72.24	70.24	69.16	67.38	65.66	64.07	63.11	60.86	57.33	55.42	56.48	55.57	55.44	55.75	55.19	55.66	55.39	56.04	56.02	56.36
Tangible Book Value	16,253	15,804	15,547	15,141	14,787	14,511	14,306	13,785	12,979	12,536	12,781	12,615	12,640	12,727	12,733	13,024	13,154	13,461	13,641	13,887
Tangible Book Value Per Share	72.24	70.24	69.16	67.38	65.66	64.07	63.11	60.86	57.33	55.42	56.48	55.57	55.44	55.75	55.19	55.66	55.39	56.04	56.02	56.36

SEC Filings: 10-K · 10-Q

Data Source: Fiscal.ai Last updated: Jul 23, 2026

Financial data is provided by Fiscal.ai and updates within minutes after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Jul 28, 2026

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