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
  1. $9.89B2016
  2. $10.55B2017
  3. $11.46B2018
  4. $11.3B2019
  5. $9.79B2020
  6. $11.14B2021
  7. $12.75B2022
  8. $12.16B2023
  9. $12.12B2024
  10. $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.

ItemQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023
Total assets45,12245,11345,23644,58044,15543,80043,68243,25542,55842,12841,65240,739
Current assets2,8013,0243,1983,0362,9072,7013,1882,6902,3042,3563,2713,142
Cash and equivalents1,0691,3411,5301,4181,3031,0061,6419756596521,5681,506
Receivables1,1771,1239881,1021,1231,2311,0691,3021,1891,1981,1471,210
Inventory327312271297313273277288308270264303
Net property, plant and equipment36,62636,44236,69736,11235,92135,80336,10235,39035,28035,05133,71632,668
Long-term investments4,1554,1163,3384,0814,0384,0033,2093,9683,8123,5703,0653,824
Current liabilities3,3703,3353,7753,5243,6673,4503,5453,6773,6673,4472,6322,914
Accounts payable1,7831,6951,8631,6571,5041,4451,7041,6141,5351,5061,6381,499
Long-term debt16,50117,02616,99617,01016,99817,19417,17217,17817,47117,71317,69216,713
Total liabilities28,86929,30929,68929,43929,36829,28929,37629,47029,57929,59228,87128,124
Total equity (incl. minority)16,25315,80415,54715,14114,78714,51114,30613,78512,97912,53612,78112,615
Retained earnings13,90713,47713,23512,89412,56312,29612,09311,66610,87410,44310,69510,589