Norfolk Southern revenue and financials

NSC · NYSE · USD

$316.31+0.03%+$0.08

Close · October 6, 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
Cost of revenue	6,583	6,191	6,891	6,715	5,412	—	—	—	—	—
Gross profit	5,597	5,932	5,265	6,030	5,730	—	—	—	—	—
Operating income	4,356	4,071	2,851	4,809	4,447	3,002	3,989	3,959	3,522	3,009
EBIT	4,204	4,579	3,967	4,809	4,549	—	—	—	—	—
EBITDA	5,597	5,932	5,265	6,030	5,730	—	—	—	—	—
Interest expense	792	807	722	692	646	625	604	557	550	563
Pre-tax income	3,665	3,329	2,320	4,130	3,878	—	—	—	—	—
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
Net income to common shareholders	2,870	2,619	1,824	3,268	3,003	—	—	—	—	—
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 (basic)	225	226	227	235	247	—	—	—	—	—
Average shares (diluted)	225	226	227	236	248	257	266	280	290	296
Dividend per share	5.40	5.40	5.40	4.96	4.16	—	—	—	—	—