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Norfolk Southern Corporation (NSC)
NYSE: NSC · Real-Time Price · USD
326.92
+2.09 (0.64%)
Oct 16, 2026, 4:00 PM EDT - Market closed

Norfolk Southern Income Statement

Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Revenue
3,4652,9982,9743,1033,1102,9933,0243,0513,0443,0043,0732,9712,9803,1323,2373,3433,2502,9152,8522,852
Revenue Growth (YoY)
11.42%0.17%-1.65%1.70%2.17%-0.37%-1.59%2.69%2.15%-4.09%-5.07%-11.13%-8.31%7.44%13.50%17.22%16.11%10.46%10.84%13.81%
Cost of Revenue
1,8841,6791,6941,6201,6051,6641,6631,1901,6011,7371,8731,6961,6381,6841,6791,7351,6421,4971,3991,393
Gross Profit
1,5811,3191,2801,4831,5051,3291,3611,8611,4431,2671,2001,2751,3421,4481,5581,6081,6081,4181,4531,459
Operating Expenses
358352353348346346342339335337330326321321309306304302298297
Operating Income
1,2239679271,1351,1599831,0191,5221,1089308709491,0211,1271,2491,3021,3041,1161,1551,162
Interest Expense
-197-197-195-197-201-199-199-203-204-201-195-182-170-175-177-177-170-168-165-164
Other Non Operating Income (Expenses)
571732392129-28-8243102827-34-32-47-36-91-12
EBT Excluding Unusual Items
1,0317779059409617931,0321,3288767219187778799791,0381,0931,087912899986
Merger & Restructuring Charges
-57-52-151-27-10--147-603-99-117---------
Gain (Loss) on Sale of Assets
------------------86-
Other Unusual Items
-18-11-13-5-27-39-55-129-91-700-226-188-416-387------
Pretax Income
9597157659249989789281,427944306516144635921,0381,0931,087912985986
Income Tax Expense
225168121213230228195328207-23124136107126248135268209225233
Net Income
7345476447117687507331,09973753527478356466790958819703760753
Preferred Dividends & Other Adjustments
111-111-1111-11-1--1
Net Income to Common
7335466437117677497321,09973652526477356465789958818703760752
Net Income Growth (YoY)
-4.43%-27.10%-12.16%-35.30%4.21%1340.38%39.16%130.40%106.74%-88.82%-33.33%-50.21%-56.48%-33.86%3.82%27.39%-0.12%4.61%13.26%32.63%
Shares Outstanding (Basic)
225225225224225226227226226226226226228228231233237239244245
Shares Outstanding (Diluted)
225225225225225227227227226226226227228228231234238240244246
Shares Change (YoY)
-0.09%-0.66%-0.84%-0.80%-0.53%0.13%0.18%-0.22%-0.70%-0.92%-1.91%-2.99%-4.00%-4.95%-5.26%-5.03%-5.00%-4.91%-4.40%-3.79%
EPS (Basic)
3.262.432.863.173.413.313.234.863.260.232.322.111.562.043.424.113.462.943.123.07
EPS (Diluted)
3.262.432.863.163.413.313.234.853.250.232.322.101.562.043.424.103.452.933.123.06
EPS Growth (YoY)
-4.37%-26.55%-11.42%-34.85%4.89%1339.85%39.11%130.95%108.33%-88.74%-32.13%-48.78%-54.78%-30.34%9.58%34.16%5.18%9.97%18.47%37.79%

Additional Metrics

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Free Cash Flow
615-38334720602501276645467-1,360-180112153745132968569605497818
Free Cash Flow Per Share
2.73-0.171.493.202.672.211.222.852.06-6.01-0.800.490.673.260.574.142.402.522.043.32
Dividend Per Share
1.3501.3501.3501.3501.3501.3501.3501.3501.3501.3501.3501.3501.3501.3501.2401.2401.2401.2401.0901.090
Dividend Growth (YoY)
0%0%0%0%0%0%0%0%0%0%8.87%8.87%8.87%8.87%13.76%13.76%25.25%25.25%15.96%15.96%
Gross Margin
45.63%44.00%43.04%47.79%48.39%44.40%45.01%61.00%47.41%42.18%39.05%42.91%45.03%46.23%48.13%48.10%49.48%48.64%50.95%51.16%
Operating Margin
35.30%32.26%31.17%36.58%37.27%32.84%33.70%49.89%36.40%30.96%28.31%31.94%34.26%35.98%38.59%38.95%40.12%38.29%40.50%40.74%
Profit Margin
21.15%18.21%21.62%22.91%24.66%25.02%24.21%36.02%24.18%1.73%17.12%16.05%11.95%14.85%24.37%28.66%25.17%24.12%26.65%26.37%
Free Cash Flow Margin
17.75%-1.27%11.23%23.20%19.36%16.74%9.13%21.14%15.34%-45.27%-5.86%3.77%5.13%23.79%4.08%28.96%17.51%20.76%17.43%28.68%
EBITDA
1,5811,3191,2801,4831,5051,3291,3611,8611,4431,2671,2001,2751,3421,4481,5581,6081,6081,4181,4531,459
EBITDA Margin
45.63%44.00%43.04%47.79%48.39%44.40%45.01%61.00%47.41%42.18%39.05%42.91%45.03%46.23%48.13%48.10%49.48%48.64%50.95%51.16%
D&A For EBITDA
358352353348346346342339335337330326321321309306304302298297
EBIT
1,2239679271,1351,1599831,0191,5221,1089308709491,0211,1271,2491,3021,3041,1161,1551,162
EBIT Margin
35.30%32.26%31.17%36.58%37.27%32.84%33.70%49.89%36.40%30.96%28.31%31.94%34.26%35.98%38.59%38.95%40.12%38.29%40.50%40.74%
Effective Tax Rate
23.46%23.50%15.82%23.05%23.05%23.31%21.01%22.98%21.93%-19.05%22.15%23.11%21.28%23.89%12.35%24.65%22.92%22.84%23.63%
SEC Filings: 10-K · 10-Q