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NORFOLK SOUTHERN CORP
CIK 702165Updated Sep 25, 2026
SecurityNSC · NYSE · equity
NSC price & chart
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NYSE:NSC on TradingView ↗About the company
Since 1827, Norfolk Southern Corporation (NYSE: NSC) and its predecessor companies have safely moved the goods and materials that drive the U.S. economy. Today, it operates a 22-state freight transportation network. Committed to furthering sustainability, Norfolk Southern helps its customers avoid approximately 15 million tons of yearly carbon emissions by shipping via rail. Its dedicated team members deliver approximately 7 million carloads annually, from agriculture to consumer goods. Norfolk Southern also has the most extensive intermodal network in the eastern U.S. It serves a majority of the country's population and manufacturing base, with connections to every major container port on the Atlantic coast as well as major ports across the Gulf Coast and Great Lakes. Learn more by visiting www. NorfolkSouthern.com.
In the news
Union Pacific et le CN concluent une entente visant à élargir les occasions offertes aux clients dans le cadre de la fusion ↗
Norfolk Southern to present at Bank of America 2026 Industrials, Transportation & Airlines Key Leaders Conference ↗
Norfolk Southern Declares Quarterly Dividend News provided by Norfolk Southern Corporation Jan 27, 2026, 14:14 ET Share this article Share to X Share this article Share to X ATLANTA , Jan. 27, 2026 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC ) announced today a quarterly dividend of $1. ↗
Recent filings
10-Q filing
Results of Operations and Financial Condition · Regulation FD Disclosure
Items 2.02, 7.01, 9.01
11-K filing
11-K filing
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Regulation FD Disclosure
Items 5.02, 7.01, 9.01
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 45,236,000,000Source | 43,682,000,000Source | 41,652,000,000Source | 38,885,000,000Source |
| Property, Plant and Equipment, NetUSD | 36,479,000,000Source | 35,831,000,000Source | 33,326,000,000Source | 32,156,000,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 1,530,000,000Source | 1,641,000,000Source | 1,568,000,000Source | 456,000,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 988,000,000Source | 1,069,000,000Source | 1,147,000,000Source | 1,148,000,000Source |
| Assets, CurrentUSD | 3,198,000,000Source | 3,188,000,000Source | 3,271,000,000Source | 2,007,000,000Source |
| Operating Lease, Right-of-Use AssetUSD | 218,000,000Source | 271,000,000Source | 390,000,000Source | 407,000,000Source |
| Other Assets, NoncurrentUSD | 1,470,000,000Source | 1,293,000,000Source | 1,216,000,000Source | 1,028,000,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 29,689,000,000Source | 29,376,000,000Source | 28,871,000,000Source | 26,152,000,000Source |
| Stockholders’ equity: | ||||
| Additional Paid in CapitalUSD | 2,296,000,000Source | 2,247,000,000Source | 2,179,000,000Source | 2,157,000,000Source |
| Retained Earnings (Accumulated Deficit)USD | 13,235,000,000Source | 12,093,000,000Source | 10,695,000,000Source | 10,697,000,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -210,000,000Source | -262,000,000Source | -320,000,000Source | -351,000,000Source |
| Stockholders' Equity Attributable to ParentUSD | 15,547,000,000Source | 14,306,000,000Source | 12,781,000,000Source | 12,733,000,000Source |
| Liabilities and EquityUSD | 45,236,000,000Source | 43,682,000,000Source | 41,652,000,000Source | 38,885,000,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 3,775,000,000Source | 3,545,000,000Source | 2,632,000,000Source | 2,649,000,000Source |
| Operating Lease, Liability, CurrentUSD | 70,000,000Source | 81,000,000Source | 105,000,000Source | 94,000,000Source |
| Accounts Payable, CurrentUSD | 1,863,000,000Source | 1,704,000,000Source | 1,638,000,000Source | 1,293,000,000Source |
| Operating Lease, Liability, NoncurrentUSD | 148,000,000Source | 191,000,000Source | 287,000,000Source | 316,000,000Source |
| Deferred Income Tax Liabilities, NetUSD | 7,711,000,000Source | 7,420,000,000Source | 7,225,000,000Source | 7,265,000,000Source |
| Other Liabilities, NoncurrentUSD | 1,723,000,000Source | 1,760,000,000Source | 1,839,000,000Source | 1,759,000,000Source |
| Additional Financial Items | ||||
| Deferred Tax Liabilities, NetUSD | 7,711,000,000Source | 7,420,000,000Source | 7,225,000,000Source | 7,265,000,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 1,393,000,000Source | 1,353,000,000Source | 1,298,000,000Source | 1,221,000,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -59,000,000Source | -85,000,000Source | 2,000,000Source | 171,000,000Source |
| Deferred Income Tax Expense (Benefit)USD | 277,000,000Source | 176,000,000Source | -49,000,000Source | 83,000,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 4,361,000,000Source | 4,052,000,000Source | 3,179,000,000Source | 4,222,000,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -2,562,000,000Source | -2,780,000,000Source | -2,182,000,000Source | -1,603,000,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | -99,000,000Source | -1,005,000,000Source | -205,000,000Source | -94,000,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 2,204,000,000Source | 2,381,000,000Source | 2,349,000,000Source | 1,948,000,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 534,000,000Source | 0Source | 622,000,000Source | 3,110,000,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -1,910,000,000Source | -1,199,000,000Source | 115,000,000Source | -3,002,000,000Source |
| Payments of Ordinary Dividends, Common StockUSD | 1,215,000,000Source | 1,221,000,000Source | 1,225,000,000Source | 1,167,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -111,000,000Source | 73,000,000Source | 1,112,000,000Source | -383,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 1,530,000,000Source | 1,641,000,000Source | 1,568,000,000Source | 456,000,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 765,000,000Source | 764,000,000Source | 653,000,000Source | 619,000,000Source |
| Income Taxes Paid, NetUSD | 491,000,000Source | 305,000,000Source | 681,000,000Source | 750,000,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 63,000,000Source | 40,000,000Source | 40,000,000Source | 53,000,000Source |
| DepreciationUSD | 1,393,000,000Source | 1,353,000,000Source | 1,298,000,000Source | 1,221,000,000Source |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on DisposalUSD | — | — | — | 0Source |
| Equity Method Investment, Other than Temporary ImpairmentUSD | — | — | — | 0Source |
| Gain (Loss) on Disposition of AssetsUSD | 253,000,000Source | 490,000,000Source | 49,000,000Source | 82,000,000Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | 253,000,000Source | — | — | — |
| Income Tax Expense (Benefit)USD | 792,000,000Source | 707,000,000Source | 493,000,000Source | 860,000,000Source |
| InterestExpenseNonoperatingUSD | 792,000,000Source | — | — | — |
| Net Income (Loss) Attributable to ParentUSD | 2,873,000,000Source | 2,622,000,000Source | 1,827,000,000Source | 3,270,000,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 2,870,000,000Source | 2,619,000,000Source | 1,824,000,000Source | 3,268,000,000Source |
| Operating Lease, ExpenseUSD | — | 5,000,000Source | 26,000,000Source | — |
| Other Nonoperating Income (Expense)USD | 101,000,000Source | 65,000,000Source | 191,000,000Source | 13,000,000Source |
| Other Operating Income (Expense), NetUSD | — | 273,000,000Source | — | — |
| Payments to Acquire InvestmentsUSD | 621,000,000Source | 319,000,000Source | 124,000,000Source | 12,000,000Source |
| Proceeds from Stock Options ExercisedUSD | 17,000,000Source | 41,000,000Source | 19,000,000Source | 25,000,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 12,180,000,000Source | 12,123,000,000Source | 12,156,000,000Source | 12,745,000,000Source |
| Operating Income (Loss)USD | 4,356,000,000Source | 4,071,000,000Source | 2,851,000,000Source | 4,809,000,000Source |
| Other Nonoperating Income (Expense)USD | 101,000,000Source | 65,000,000Source | 191,000,000Source | 13,000,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 3,665,000,000Source | 3,329,000,000Source | 2,320,000,000Source | 4,130,000,000Source |
| Income Tax Expense (Benefit)USD | 792,000,000Source | 707,000,000Source | 493,000,000Source | 860,000,000Source |
| Net Income (Loss) Attributable to ParentUSD | 2,873,000,000Source | 2,622,000,000Source | 1,827,000,000Source | 3,270,000,000Source |
| Earnings Per Share, BasicUSD per share | 12.76Source | 11.58Source | 8.04Source | 13.92Source |
| Earnings Per Share, DilutedUSD per share | 12.75Source | 11.57Source | 8.02Source | 13.88Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 225,000,000Source | 226,100,000Source | 226,900,000Source | 234,800,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 225,300,000Source | 226,400,000Source | 227,400,000Source | 235,600,000Source |
| Interest Expense (non-operating)USD | 792,000,000Source | — | — | — |
| Additional Financial Items | ||||
| Business Combination, Acquisition Related CostsUSD | 80,000,000Source | — | — | — |
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 5.4Source | 5.4Source | 5.4Source | 4.96Source |
| Costs and ExpensesUSD | 7,824,000,000Source | 8,052,000,000Source | 9,305,000,000Source | 7,936,000,000Source |
| Current Income Tax Expense (Benefit)USD | 515,000,000Source | 531,000,000Source | 542,000,000Source | 777,000,000Source |
| Fuel CostsUSD | 932,000,000Source | 987,000,000Source | 1,170,000,000Source | 1,459,000,000Source |
| Interest ExpenseUSD | — | 807,000,000Source | 722,000,000Source | 692,000,000Source |
| Labor and Related ExpenseUSD | 2,922,000,000Source | 2,823,000,000Source | 2,819,000,000Source | 2,621,000,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 2,870,000,000Source | 2,619,000,000Source | 1,824,000,000Source | 3,268,000,000Source |
| Operating Insurance and Claims Costs, ProductionUSD | — | 237,000,000Source | — | — |
| Operating Lease, ExpenseUSD | — | 5,000,000Source | 26,000,000Source | — |
| Other Cost and Expense, OperatingUSD | — | — | 832,000,000Source | 713,000,000Source |
| Other Operating Income (Expense), NetUSD | — | 273,000,000Source | — | — |
Filing attachments
nsc-ex99_1.htm · 8-K · 2026-07-23
EX-99.1 2 nsc-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 FOR IMMEDIATE RELEASE Norfolk Southern reports second quarter 2026 results Railroad achieves record quarterly revenues ATLANTA, July 23, 2026 - Norfolk Southern Corporation (NYSE: NSC) announced Thursday its second quarter 2026 financial results. For the quarter, revenue was $3.5 billion, income from railway operations was $1.1 billion, operating ratio was 67.6%, and diluted earnings per share were $3.26. Adjusting the results to ex…
Read attachment ↗nsc-ex99_2.htm · 8-K · 2026-07-23
EX-99.2 3 nsc-ex99_2.htm EX-99.2 EX-99.2 Exhibit 99.2 Norfolk Southern Corporation and Subsidiaries Consolidated Statements of Income (Unaudited) Second Quarter First Six Months 2026 2025 2026 2025 ─────────────────────────────…
Read attachment ↗d91653dex991.htm · 8-K · 2026-06-01
EX-99.1 2 d91653dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Norfolk Southern Names Brian Barr Chief Operating Officer ATLANTA, June 1, 2026 - Norfolk Southern Corporation (NYSE: NSC) has appointed Brian Barr as Chief Operating Officer (COO). Barr has been with Norfolk Southern for two years leading the Mechanical department. As COO, he will leverage more than 28 years of experience, including more than a decade leading transportation teams in the east, to oversee Norfolk Southern’s railway o…
Read attachment ↗nsc-ex99_1.htm · 8-K · 2026-04-24
EX-99.1 2 nsc-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 FOR IMMEDIATE RELEASE Norfolk Southern reports first quarter 2026 results Results reflect disciplined execution on safety, service, and cost control through a dynamic first quarter ATLANTA, April 24, 2026 - Norfolk Southern Corporation (NYSE: NSC) announced Friday its first quarter 2026 financial results. In the quarter, revenue was $3.0 billion, income from railway operations was $877 million, operating ratio was 70.7%, and diluted …
Read attachment ↗nsc-ex99_2.htm · 8-K · 2026-04-24
EX-99.2 3 nsc-ex99_2.htm EX-99.2 EX-99.2 Exhibit 99.2 Norfolk Southern Corporation and Subsidiaries Consolidated Statements of Income (Unaudited) First Quarter 2026 2025 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────── …
Read attachment ↗nsc-ex99_1.htm · 8-K · 2026-01-29
EX-99.1 2 nsc-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 FOR IMMEDIATE RELEASE Norfolk Southern reports fourth quarter and full year 2025 results Delivered on safety and service improvements while exceeding full year productivity target, achieving over $215 million in annual savings ATLANTA, Jan. 29, 2026 - Norfolk Southern Corporation (NYSE: NSC) announced Thursday its fourth quarter and full year 2025 financial results. In the quarter, revenue was $3.0 billion, income from railway operat…
Read attachment ↗