Norfolk Southern revenue and financials

NSC · NYSE · USD

$316.23−0.38%−$1.21

Close · October 5, 2026

In the fiscal year ended December 2025, Norfolk Southern reported revenue of $12.18B (+0.47% year over year). Net income was $2.87B, a net margin of 23.6%.

Annual revenue · 2025: $12.18B

$9.89B2016
$10.55B2017
$11.46B2018
$11.3B2019
$9.79B2020
$11.14B2021
$12.75B2022
$12.16B2023
$12.12B2024
$12.18B2025

Fiscal year ending in December. Sources and method on the page Methodology and sources.

At a glance

Revenue growth: +0.47%; 2025 vs 2024
Net income growth: +9.57%; 2025 vs 2024
Net margin: 23.6%; 2024: 21.6%

Financial data

Amounts in millions of USD; per-share values in USD; shares in millions.

Income statement · Annual
Item	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Total revenue	12,180	12,123	12,156	12,745	11,142	9,789	11,296	11,458	10,551	9,888
Operating income	4,356	4,071	2,851	4,809	4,447	3,002	3,989	3,959	3,522	3,009
Interest expense	—	807	722	692	646	625	604	557	550	563
Income tax	792	707	493	860	873	517	769	803	-2,276	914
Net income	2,873	2,622	1,827	3,270	3,005	2,013	2,722	2,666	5,404	1,668
Basic EPS	12.76	11.58	8.04	13.92	12.16	7.88	10.32	9.58	18.76	5.66
Diluted EPS	12.75	11.57	8.02	13.88	12.11	7.84	10.25	9.51	18.61	5.62
Average shares (diluted)	225	226	227	236	248	257	266	280	290	296