Norfolk Southern Corp. (NSC) Financials
Key financial figures for Norfolk Southern Corp. (Q2 2026).
Norfolk Southern posted an all-time quarterly revenue record of $3.5 billion in Q2 2026, up 11% year-over-year, while GAAP operating ratio rose to 67.6% on merger-related and restructuring charges. Railway operating revenue hit an all-time quarterly record of $3.465 billion, up $355 million (11%) year-over-year, driven by 4% volume growth and higher fuel surcharges. GAAP income from railway operations was $1,124 million (down 4% YoY) and GAAP operating ratio was 67.6%, versus 62.2% a year ago; excluding merger-related expenses, restructuring and other charges, and the effects of the Eastern Ohio incident, adjusted operating ratio was 65.5% (up 210 bps YoY). Figures are for Q2 2026, as Norfolk Southern Corporation reported them.
- Revenue
- $3.5B
- Net Income
- $734M
- EPS
- $3.26
- Total Assets
- $45.1B
- Operating Cash Flow
- $1.1B
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| 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 |
| Q2 FY2025 | $3.1B | $768M | $3.41 | 35.5% | $602M |
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 $3.47 billion for Q2 FY2026, up 11.4% from the same period a year earlier.
Is Norfolk Southern Corporation profitable?
Yes. Norfolk Southern Corporation reported net income of $734.0 million for Q2 FY2026, a net margin of 21.18% on revenue.
How has Norfolk Southern Corporation's margin trended?
Operating margin was 32.44% in Q2 FY2026, compared with 35.5% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
When does Norfolk Southern Corporation report next?
Norfolk Southern Corporation is scheduled to report results on 2026-10-22. The company has confirmed that date.
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.