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NSC · XBRL financial data

Norfolk Southern financial statements, every quarter

The same tables from 12 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

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How these numbers work
  • Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
  • Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
  • * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
  • 0 means a filing states zero; a dash (—) means no filing states that number.
  • “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
  • Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
  • Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
  • Shares outstanding come from each filing's cover page, as of the date printed there.
  • Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

CSV

Fiscal quarters (NSC's year ends in late December)

In millions of dollarsDec 31, 2023Mar 31, 2024Jun 30, 2024Sep 30, 2024Dec 31, 2024Mar 31, 2025Jun 30, 2025Sep 30, 2025Dec 31, 2025Mar 31, 2026Jun 30, 2026Sep 30, 2026
Revenue from contracts with customers3,073*3,0043,0443,0513,024*2,9933,1103,1032,974*2,9983,4653,526
Other operating income (expense)year only(69)(31)—year only(39)(38)—————
Operating income (loss)808*2131,1311,5961,131*1,1461,1751,098937*8771,1241,150
Interest expense195*201204203199*199201197195*197197193
Other income (expense)38*181734(4)*31242323*353230
Income tax expense (benefit)124*(23)207328195*228230213121*168225228
Net income (loss)527*537371,099733*750768711644*547734759
Earnings per share, basic USD per share2.33*0.233.264.863.24*3.313.413.162.87*2.433.263.38
Earnings per share, diluted USD per share2.33*0.233.254.853.24*3.313.413.162.86*2.433.263.37
Weighted average shares, basic millions of shares226*226226226226*226225224225*225225225
Weighted average shares, diluted millions of shares226*226226227226*227225225225*225225225

Balance sheet

CSV

Fiscal quarters (NSC's year ends in late December)

In millions of dollarsDec 31, 2023Mar 31, 2024Jun 30, 2024Sep 30, 2024Dec 31, 2024Mar 31, 2025Jun 30, 2025Sep 30, 2025Dec 31, 2025Mar 31, 2026Jun 30, 2026Sep 30, 2026
Cash and cash equivalents1,5686526599751,6411,0061,3031,4181,5301,3411,0691,598
Accounts receivable1,1471,1981,1891,3021,0691,2311,1231,1029881,1231,1771,229
Total current assets3,2712,3562,3042,6903,1882,7012,9073,0363,1983,0242,8013,325
Property and equipment, net33,32635,05135,28035,39035,83135,80335,92136,11236,47936,44236,62636,857
Right-of-use asset390———271———218———
Total assets41,65242,12842,55843,25543,68243,80044,15544,58045,23645,11345,12245,949
Accounts payable1,6381,5061,5351,6141,7041,4451,5041,6571,8631,6951,7832,064
Total current liabilities2,6323,4473,6673,6773,5453,4503,6673,5243,7753,3353,3703,681
Lease liability, non-current287———191———148———
Total liabilities28,87129,59229,57929,47029,37629,28929,36829,43929,68929,30928,86929,219
Retained earnings10,69510,44310,87411,66612,09312,29612,56312,89413,23513,47713,90714,361
Total stockholders' equity12,78112,53612,97913,78514,30614,51114,78715,14115,54715,80416,25316,730
Total liabilities and equity41,65242,12842,55843,25543,68243,80044,15544,58045,23645,11345,12245,949
Common shares outstanding (cover page) millions of shares226226226226226225225224225225225225

Cash flows

CSV

Fiscal quarters (NSC's year ends in late December)

In millions of dollarsDec 31, 2023Mar 31, 2024Jun 30, 2024Sep 30, 2024Dec 31, 2024Mar 31, 2025Jun 30, 2025Sep 30, 2025Dec 31, 2025Mar 31, 2026Jun 30, 2026Sep 30, 2026
Net income (loss)527*537371,099733*750768711644*547734759
Depreciation and amortization330*337335*339*342*346346*348*353*352358*363*
Net cash from operating activities673*8391,036*1,226*951*9501,077*1,271*1,063*3441,054*1,322*
Purchases of property and equipment853*557568*581*675*449475*551*729*382439*586*
Net cash from investing activities(788)*(1,844)(723)*(224)*11*(1,021)(414)*(483)*(644)*(213)(416)*(479)*
Share repurchases119*00*0*0*248208*78*0*50*0*
Dividends paid305*305305*305*306*306303*303*303*303303*304*
Net cash from financing activities177*89(306)*(686)*(296)*(564)(366)*(673)*(307)*(320)(910)*(314)*
Net change in cash62*(916)7*316*666*(635)297*115*112*(189)(272)*529*

Compare with peers

SIC 4011 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen
  • SIC 4011 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
  • Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
  • * marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
  • A cell reading “not reported” means the filings give no figure for that quarter alone.
CompanyCash ($M)Revenue, quarter ($M)Operating cash flow, quarter ($M)Shares outstandingQuarter
Norfolk Southern1,5983,5261,322*224.6M 10-QSep 30, 2026
CSX1,2234,0171,617*1.8B 10-QSep 30, 2026
Canadian Pacific Kansas City3994,192not reported869.6M 10-QSep 30, 2026
Union Pacific2,2117,1972,786*594.3M 10-QSep 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.