Norfolk Southern Corporation (NSC)
NYSE: NSC · Real-Time Price · USD
338.84
-4.51 (-1.31%)
At close: Jul 28, 2026, 4:00 PM EDT
337.68
-1.16 (-0.34%)
After-hours: Jul 28, 2026, 7:44 PM EDT
Norfolk Southern Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
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 '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
| 3,465 | 2,998 | 2,974 | 3,103 | 3,110 | 2,993 | 3,024 | 3,051 | 3,044 | 3,004 | 3,073 | 2,971 | 2,980 | 3,132 | 3,237 | 3,343 | 3,250 | 2,915 | 2,852 | 2,852 | |
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 | 1,911 | 1,707 | 1,630 | 1,641 | 1,626 | 1,686 | 1,567 | 1,215 | 1,646 | 1,763 | 1,785 | 1,726 | 1,667 | 1,713 | 1,747 | 1,765 | 1,675 | 1,528 | 1,425 | 1,419 |
Gross Profit | 1,554 | 1,291 | 1,344 | 1,462 | 1,484 | 1,307 | 1,457 | 1,836 | 1,398 | 1,241 | 1,288 | 1,245 | 1,313 | 1,419 | 1,490 | 1,578 | 1,575 | 1,387 | 1,427 | 1,433 |
Depreciation & Amortization Expenses | 358 | 352 | 353 | 348 | 346 | 346 | 342 | 339 | 335 | 337 | 330 | 326 | 321 | 321 | 309 | 306 | 304 | 302 | 298 | 297 |
Other Operating Expenses | 72 | 62 | 32 | 16 | -37 | -185 | 6 | -99 | -68 | 691 | 150 | 163 | 416 | 387 | - | - | - | - | - | - |
Total Operating Expenses | 430 | 414 | 385 | 364 | 309 | 161 | 348 | 240 | 267 | 1,028 | 480 | 489 | 737 | 708 | 309 | 306 | 304 | 302 | 298 | 297 |
Operating Income | 1,124 | 877 | 937 | 1,098 | 1,175 | 1,146 | 1,131 | 1,596 | 1,131 | 213 | 808 | 756 | 576 | 711 | 1,181 | 1,272 | 1,271 | 1,085 | 1,129 | 1,136 |
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 (Expense) | 32 | 35 | 23 | 23 | 24 | 31 | -4 | 34 | 17 | 18 | 38 | 40 | 57 | 56 | 34 | -2 | -14 | -5 | 21 | 14 |
Total Non-Operating Income (Expense) | -165 | -162 | -172 | -174 | -177 | -168 | -203 | -169 | -187 | -183 | -157 | -142 | -113 | -119 | -143 | -179 | -184 | -173 | -144 | -150 |
Pretax Income | 959 | 715 | 765 | 924 | 998 | 978 | 928 | 1,427 | 944 | 30 | 651 | 614 | 463 | 592 | 1,038 | 1,093 | 1,087 | 912 | 985 | 986 |
Provision for Income Taxes | 225 | 168 | 121 | 213 | 230 | 228 | 195 | 328 | 207 | -23 | 124 | 136 | 107 | 126 | 248 | 135 | 268 | 209 | 225 | 233 |
Net Income | 734 | 547 | 644 | 711 | 768 | 750 | 733 | 1,099 | 737 | 53 | 527 | 478 | 356 | 466 | 790 | 958 | 819 | 703 | 760 | 753 |
Net Income to Common | 734 | 547 | 644 | 711 | 768 | 750 | 733 | 1,099 | 737 | 53 | 527 | 478 | 356 | 466 | 790 | 958 | 819 | 703 | 760 | 753 |
Net Income Growth (YoY) | -4.43% | -27.07% | -12.14% | -35.30% | 4.21% | 1315.09% | 39.09% | 129.92% | 107.02% | -88.63% | -33.29% | -50.10% | -56.53% | -33.71% | 3.95% | 27.22% | 0% | 4.46% | 13.26% | 32.34% |
Shares Outstanding (Basic) | 225 | 225 | 225 | 224 | 225 | 226 | 227 | 226 | 226 | 226 | 226 | 226 | 228 | 228 | 231 | 233 | 237 | 239 | 244 | 245 |
Shares Outstanding (Diluted) | 225 | 225 | 225 | 225 | 225 | 227 | 227 | 227 | 226 | 226 | 226 | 227 | 228 | 228 | 231 | 234 | 238 | 240 | 244 | 246 |
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) | 3.26 | 2.43 | 2.87 | 3.16 | 3.41 | 3.31 | 3.23 | 4.86 | 3.26 | 0.23 | 2.32 | 2.11 | 1.56 | 2.04 | 3.42 | 4.11 | 3.46 | 2.94 | 3.12 | 3.07 |
EPS (Diluted) | 3.26 | 2.43 | 2.87 | 3.16 | 3.41 | 3.31 | 3.23 | 4.85 | 3.25 | 0.23 | 2.32 | 2.10 | 1.56 | 2.04 | 3.42 | 4.10 | 3.45 | 2.93 | 3.12 | 3.06 |
EPS Growth (YoY) | -4.40% | -26.59% | -11.15% | -34.84% | 4.92% | 1339.13% | 39.22% | 130.95% | 108.33% | -88.72% | -32.16% | -48.78% | -54.78% | -30.38% | 9.62% | 33.99% | 5.18% | 10.15% | 18.18% | 37.84% |
Free Cash Flow | 615 | -38 | 334 | 720 | 602 | 501 | 276 | 645 | 468 | 282 | 449 | 449 | 153 | 745 | 587 | 587 | 495 | 605 | 735 | 735 |
Free Cash Flow Growth (YoY) | 2.16% | - | 21.01% | 11.63% | 28.63% | 77.66% | -38.53% | 43.65% | 205.88% | -62.15% | -23.51% | -23.51% | -69.09% | 23.14% | -20.14% | -20.14% | -31.25% | -19.33% | 43.70% | 43.70% |
Free Cash Flow Per Share | 2.73 | -0.17 | 1.49 | 3.20 | 2.67 | 2.21 | 1.22 | 2.85 | 2.07 | 1.25 | 1.98 | 1.98 | 0.67 | 3.26 | 2.54 | 2.51 | 2.08 | 2.52 | 3.02 | 2.98 |
Dividends Per Share | 1.350 | 1.350 | 1.350 | 1.350 | 1.350 | 1.350 | 1.350 | 1.350 | 1.350 | 1.350 | 1.350 | 1.350 | 1.350 | 1.350 | 1.240 | 1.240 | 1.240 | 1.240 | 1.090 | 1.090 |
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 | 44.85% | 43.06% | 45.19% | 47.12% | 47.72% | 43.67% | 48.18% | 60.18% | 45.93% | 41.31% | 41.91% | 41.91% | 44.06% | 45.31% | 46.03% | 47.20% | 48.46% | 47.58% | 50.04% | 50.25% |
Operating Margin | 32.44% | 29.25% | 31.51% | 35.39% | 37.78% | 38.29% | 37.40% | 52.31% | 37.16% | 7.09% | 26.29% | 25.45% | 19.33% | 22.70% | 36.48% | 38.05% | 39.11% | 37.22% | 39.59% | 39.83% |
Profit Margin | 21.18% | 18.25% | 21.65% | 22.91% | 24.69% | 25.06% | 24.24% | 36.02% | 24.21% | 1.76% | 17.15% | 16.09% | 11.95% | 14.88% | 24.41% | 28.66% | 25.20% | 24.12% | 26.65% | 26.40% |
FCF Margin | 17.75% | -1.27% | 11.23% | 23.20% | 19.36% | 16.74% | 9.13% | 21.14% | 15.37% | 9.39% | 14.61% | 15.11% | 5.13% | 23.79% | 18.13% | 17.56% | 15.23% | 20.75% | 25.77% | 25.77% |
EBITDA | 1,482 | 1,229 | 1,290 | 1,446 | 1,521 | 1,492 | 1,473 | 1,935 | 1,466 | 550 | 1,129 | 1,077 | 897 | 1,032 | 1,484 | 1,575 | 1,584 | 1,387 | 1,422 | 1,429 |
EBITDA Margin | 42.77% | 40.99% | 43.38% | 46.60% | 48.91% | 49.85% | 48.71% | 63.42% | 48.16% | 18.31% | 36.74% | 36.25% | 30.10% | 32.95% | 45.84% | 47.11% | 48.74% | 47.58% | 49.86% | 50.11% |
EBIT | 1,124 | 877 | 937 | 1,098 | 1,175 | 1,146 | 1,131 | 1,596 | 1,131 | 213 | 808 | 756 | 576 | 711 | 1,181 | 1,272 | 1,271 | 1,085 | 1,129 | 1,136 |
EBIT Margin | 32.44% | 29.25% | 31.51% | 35.39% | 37.78% | 38.29% | 37.40% | 52.31% | 37.16% | 7.09% | 26.29% | 25.45% | 19.33% | 22.70% | 36.48% | 38.05% | 39.11% | 37.22% | 39.59% | 39.83% |
Effective Tax Rate | 23.46% | 23.50% | 15.82% | 23.05% | 23.05% | 23.31% | 21.01% | 22.99% | 21.93% | -76.67% | 19.05% | 22.15% | 23.11% | 21.28% | 23.89% | 12.35% | 24.65% | 22.92% | 22.84% | 23.63% |