Norfolk Southern Corporation (NSC) Quarterly Income Statement

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Norfolk Southern Corporation (NSC) quarterly income statement — complete revenue, gross profit & net income history

Quarterly statement

NSC Income Statement

Norfolk Southern Corporation (NSC) annual income statement — 30-year revenue, gross profit & net income history

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21

Sales/Revenue	3.46B	3B	2.97B	3.1B	3.11B	2.99B	3.02B	3.05B	3.04B	3B	3.07B	2.97B	2.98B	3.13B	3.24B	3.34B	3.25B	2.92B	2.85B	2.85B
Revenue Growth %	11.41%	0.17%	-1.65%	1.7%	2.17%	-0.37%	-1.59%	2.69%	2.15%	-4.09%	-5.07%	-11.13%	-8.31%	7.44%	13.5%	17.22%	16.11%	10.46%	10.84%	13.81%
Cost of Goods Sold	1.15B	1.71B	877M	2.07B	2.01B	2.06B	1.93B	1.79B	1.94B	2.69B	2.28B	2.22B	2.42B	2.42B	2.08B	2.09B	2.01B	1.84B	1.73B	1.72B
COGS % of Revenue	33.16%	56.94%	29.49%	66.84%	64.5%	68.66%	63.86%	58.83%	63.76%	89.61%	74.13%	74.82%	81.31%	77.39%	64.29%	62.46%	61.75%	62.98%	60.62%	60.34%
Gross Profit	2.32B	1.29B	2.1B	1.03B	1.1B	938M	1.09B	1.26B	1.1B	312M	795M	748M	557M	708M	1.16B	1.25B	1.24B	1.08B	1.12B	1.13B
Gross Margin %	66.84%	43.06%	70.51%	33.16%	35.5%	31.34%	36.14%	41.17%	36.24%	10.39%	25.87%	25.18%	18.69%	22.61%	35.71%	37.54%	38.25%	37.02%	39.38%	39.66%
Gross Profit Growth %	109.78%	37.63%	91.86%	-18.07%	0.09%	200.64%	37.48%	67.91%	98.03%	-55.93%	-31.23%	-40.4%	-55.19%	-34.38%	2.94%	10.96%	13%	6.73%	14.13%	34.64%
Operating Expenses	1.19B	414M	1.16B	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
OpEx % of Revenue	34.4%	13.81%	39%	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Selling, General & Admin	0	0	753M	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
SG&A % of Revenue	-	-	25.32%	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Research & Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	1000K	1000K	1000K	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	1.12B	877M	937M	1.03B	1.1B	938M	1.09B	1.26B	1.1B	312M	795M	748M	557M	708M	1.16B	1.25B	1.24B	1.08B	1.12B	1.13B
Operating Margin %	32.44%	29.25%	31.51%	33.16%	35.5%	31.34%	36.14%	41.17%	36.24%	10.39%	25.87%	25.18%	18.69%	22.61%	35.71%	37.54%	38.25%	37.02%	39.38%	39.66%
Operating Income Growth %	1.81%	-6.5%	-14.27%	-18.07%	0.09%	200.64%	37.48%	67.91%	98.03%	-55.93%	-31.23%	-40.4%	-55.19%	-34.38%	2.94%	10.96%	13%	6.73%	14.13%	34.64%
EBITDA	1.47B	1.23B	1.29B	1.38B	1.45B	1.28B	1.44B	1.59B	1.44B	649M	1.13B	1.07B	878M	1.03B	1.47B	1.56B	1.55B	1.38B	1.42B	1.43B
EBITDA Margin %	42.54%	40.99%	43.38%	44.38%	46.62%	42.9%	47.45%	52.28%	47.24%	21.6%	36.61%	36.15%	29.46%	32.85%	45.26%	46.69%	47.6%	47.38%	49.82%	50.07%
EBITDA Growth %	1.66%	-4.28%	-10.1%	-13.67%	0.83%	97.84%	27.56%	48.51%	63.78%	-36.93%	-23.21%	-31.2%	-43.24%	-25.49%	3.1%	9.31%	10.98%	5.99%	11.8%	26.04%
D&A (Non-Cash Add-back)	350M	352M	353M	348M	346M	346M	342M	339M	335M	337M	330M	326M	321M	321M	309M	306M	304M	302M	298M	297M
EBIT	1.09B	842M	960M	1.12B	1.2B	1.18B	1.13B	1.63B	1.15B	231M	846M	796M	633M	767M	1.22B	1.27B	1.26B	1.08B	1.15B	1.15B
Net Interest Income	-197M	-197M	-195M	-197M	-201M	-199M	-199M	-203M	-204M	-201M	-195M	-182M	-170M	-175M	-177M	-177M	-170M	-168M	-165M	-164M
Interest Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Expense	197M	197M	195M	197M	201M	199M	199M	203M	204M	201M	195M	182M	170M	175M	177M	177M	170M	168M	165M	164M
Other Income/Expense	-165M	-162M	-172M	-105M	-106M	40M	-165M	171M	-159M	-282M	-144M	-134M	-94M	-116M	-118M	-162M	-156M	-167M	-138M	-145M
Pretax Income	959M	715M	765M	924M	998M	978M	928M	1.43B	944M	30M	651M	614M	463M	592M	1.04B	1.09B	1.09B	912M	985M	986M
Pretax Margin %	27.68%	23.85%	25.72%	29.78%	32.09%	32.68%	30.69%	46.77%	31.01%	1%	21.18%	20.67%	15.54%	18.9%	32.07%	32.7%	33.45%	31.29%	34.54%	34.57%
Income Tax	225M	168M	121M	213M	230M	228M	195M	328M	207M	-23M	124M	136M	107M	126M	248M	135M	268M	209M	225M	233M
Effective Tax Rate %	23.46%	23.5%	15.82%	23.05%	23.05%	23.31%	21.01%	22.99%	21.93%	-76.67%	19.05%	22.15%	23.11%	21.28%	23.89%	12.35%	24.66%	22.92%	22.84%	23.63%
Net Income	734M	547M	644M	711M	768M	750M	733M	1.1B	737M	53M	527M	478M	356M	466M	790M	958M	819M	703M	760M	753M
Net Margin %	21.18%	18.25%	21.65%	22.91%	24.69%	25.06%	24.24%	36.02%	24.21%	1.76%	17.15%	16.09%	11.95%	14.88%	24.41%	28.66%	25.2%	24.12%	26.65%	26.4%
Net Income Growth %	-4.43%	-27.07%	-12.14%	-35.3%	4.21%	1315.09%	39.09%	129.92%	107.02%	-88.63%	-33.29%	-50.1%	-56.53%	-33.71%	3.95%	27.22%	0%	4.46%	13.26%	32.34%
Net Income (Continuing)	734M	547M	644M	711M	768M	750M	733M	1.1B	737M	53M	527M	478M	356M	466M	790M	958M	819M	703M	760M	753M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)	3.26	2.43	2.87	3.16	3.41	3.31	3.23	4.85	3.25	0.23	2.33	2.10	1.56	2.04	3.42	4.09	3.45	2.93	3.12	3.06
EPS Growth %	-4.4%	-26.59%	-11.15%	-34.85%	4.92%	1339.13%	38.63%	130.95%	108.33%	-88.73%	-31.87%	-48.66%	-54.78%	-30.38%	9.62%	33.66%	5.18%	10.15%	18.18%	37.84%
EPS (Basic)	3.26	2.43	2.87	3.16	3.41	3.31	3.24	4.86	3.26	0.23	2.34	2.11	1.56	2.04	3.43	4.11	3.46	2.94	3.16	3.07
Diluted Shares Outstanding	225.1M	225.1M	224.8M	224.7M	225M	226.5M	226.5M	226.5M	226.4M	226.3M	226.3M	227M	228M	228.3M	230.7M	234M	237.5M	240.2M	243.5M	246.4M
Basic Shares Outstanding	225.1M	225.1M	224.8M	224.4M	225M	226.1M	226.2M	226.2M	226M	225.68M	225.68M	226.4M	227.5M	227.7M	229.91M	233.2M	236.7M	239.3M	240.16M	245.3M
Dividend Payout Ratio	41.28%	55.39%	47.05%	42.62%	39.45%	40.8%	41.75%	27.75%	41.38%	575.47%	57.87%	63.81%	86.52%	65.88%	36.2%	30.27%	35.9%	42.25%	34.74%	35.59%