Norfolk Southern Corp. (NSC) Financials
Key financial figures for Norfolk Southern Corp. (Q3 2026).
Norfolk Southern posted record quarterly revenue of $3.526B (+14% YoY) with GAAP diluted EPS of $3.37 (+7%) and a 67.4% GAAP operating ratio versus 64.6% a year earlier. Railway operating revenues were a quarterly record at $3,526M, up $423M (14%) from $3,103M in Q3 2025, on a 3% volume increase and higher fuel surcharges that represented eight points of the growth. Income from railway operations was $1,150M, up $52M (5%) from $1,098M; GAAP operating ratio was 67.4% versus 64.6% a year earlier, and railway operating expenses rose to $2,376M from $2,005M, with fuel expense of $420M versus $237M. Diluted EPS was $3.37 versus $3.16 (+7%). Figures are for Q3 2026, as Norfolk Southern Corporation reported them.
- Revenue
- $3.5B
- Net Income
- $759M
- EPS
- $3.38
- Total Assets
- $45.9B
- Operating Cash Flow
- $1.3B
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q3 FY2026 | $3.5B | $759M | $3.37 | 32.61% | $736M |
| Q2 FY2026 | $3.5B | $734M | $3.26 | 32.44% | $615M |
| Q1 FY2026 | $3.0B | $547M | $2.43 | 29.25% | -$38M |
| Q4 FY2025 | $3.0B | $644M | $2.87 | 31.51% | |
| Q3 FY2025 | $3.1B | $711M | $3.16 | 33.16% | $720M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $12.2B | $2.9B | $12.75 | 32.91% | $2.2B |
| FY2024 | $12.1B | $2.6B | $11.57 | 31.05% | $1.7B |
| FY2023 | $12.2B | $1.8B | $8.02 | 23.1% | $830M |
Frequently asked questions
What was Norfolk Southern Corporation's revenue last quarter?
Norfolk Southern Corporation reported revenue of $3.53 billion for Q3 FY2026, up 13.6% from the same period a year earlier.
Is Norfolk Southern Corporation profitable?
Yes. Norfolk Southern Corporation reported net income of $759.0 million for Q3 FY2026, a net margin of 21.53% on revenue.
How has Norfolk Southern Corporation's margin trended?
Operating margin was 32.61% in Q3 FY2026, compared with 33.16% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did Norfolk Southern Corporation generate?
Norfolk Southern Corporation generated free cash flow of $736.0 million in Q3 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for Norfolk Southern Corp. on SentiSense, with up to forty quarters and twenty fiscal years of history.