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 · Quarterly
Item	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023
Total revenue	3,465	2,998	2,974	3,103	3,110	2,993	3,024	3,051	3,044	3,004	3,073	2,971
Cost of revenue	1,884	1,679	1,694	1,620	1,605	1,664	1,663	1,190	1,601	1,737	1,873	1,696
Gross profit	1,581	1,319	1,280	1,483	1,505	1,329	1,361	1,861	1,443	1,267	1,200	1,275
Operating income	1,223	967	927	1,135	1,159	983	1,019	1,522	1,108	930	870	949
EBIT	1,223	967	927	1,135	1,159	983	1,019	1,522	1,108	930	870	949
EBITDA	1,581	1,319	1,280	1,483	1,505	1,329	1,361	1,861	1,443	1,267	1,200	1,275
Interest expense	197	197	195	197	201	199	199	203	204	201	195	182
Pre-tax income	959	715	765	924	998	978	928	1,427	944	30.0	651	614
Income tax	225	168	121	213	230	228	195	328	207	-23.0	124	136
Net income	734	547	644	711	768	750	733	1,099	737	53.0	527	478
Net income to common shareholders	733	546	643	711	767	749	732	1,099	736	52.0	526	477
Basic EPS	3.26	2.43	2.86	3.17	3.41	3.31	3.23	4.86	3.26	0.23	2.32	2.11
Diluted EPS	3.26	2.43	2.86	3.16	3.41	3.31	3.23	4.85	3.25	0.23	2.32	2.10
Average shares (basic)	225	225	225	224	225	226	227	226	226	226	226	226
Average shares (diluted)	225	225	225	225	225	227	227	227	226	226	226	227
Dividend per share	1.35	1.35	1.35	1.35	1.35	1.35	1.35	1.35	1.35	1.35	1.35	1.35