Norfolk Southern Financial Statements
NYSE: NSCIndustrialsRailroadsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Norfolk Southern revenue and earnings
In fiscal 2025, Norfolk Southern generated $12.18 billion in revenue, up 0.5% from fiscal 2024. Net income was $2.87 billion (+9.6% year over year), for a net margin of 23.6% versus a median of 21.6% in the prior 5 years. Operating margin was 35.8%.
Diluted earnings per share came in at $12.75, up from $11.57. Over the last 5 fiscal years, NSC's revenue has grown at a 4.5% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Norfolk Southern income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 12.18B | 12.12B | 12.16B | 12.74B | 11.14B | 9.79B | 11.30B | 11.46B | 10.55B | 9.89B |
| Revenue growth (YoY) | +0.47% | -0.27% | -4.62% | +14.39% | +13.82% | -13.34% | -1.41% | +8.60% | +6.71% | -5.93% |
| Operating Expenses | — | — | — | — | — | — | — | 7.50B | 7.03B | 6.88B |
| Operating Income | 4.36B | 4.07B | 2.85B | 4.81B | 4.45B | 3.00B | 3.99B | 3.96B | 3.52B | 3.01B |
| Interest Expense | 792.00M | 807.00M | 722.00M | 692.00M | 646.00M | 625.00M | 604.00M | 557.00M | 550.00M | 563.00M |
| Other Income (Expense) | 101.00M | 65.00M | 191.00M | 13.00M | 77.00M | 153.00M | 106.00M | 67.00M | 156.00M | 136.00M |
| Pretax Income | 3.67B | 3.33B | 2.32B | 4.13B | 3.88B | 2.53B | 3.49B | 3.47B | 3.13B | 2.58B |
| Income Tax | 792.00M | 707.00M | 493.00M | 860.00M | 873.00M | 517.00M | 769.00M | 803.00M | -2.28B | 914.00M |
| Net Income | 2.87B | 2.62B | 1.83B | 3.27B | 3.00B | 2.01B | 2.72B | 2.67B | 5.40B | 1.67B |
| Net Income growth (YoY) | +9.57% | +43.51% | -44.13% | +8.82% | +49.28% | -26.05% | +2.10% | -50.67% | +223.98% | +7.20% |
| EPS (Basic) | 12.76 | 11.58 | 8.04 | 13.92 | 12.16 | 7.88 | 10.32 | 9.58 | 18.76 | 5.66 |
| EPS (Diluted) | 12.75 | 11.57 | 8.02 | 13.88 | 12.11 | 7.84 | 10.25 | 9.51 | 18.61 | 5.62 |
| Shares Outstanding (Basic) | 225.00M | 226.10M | 226.90M | 234.80M | 246.90M | 255.10M | 263.30M | 277.70M | 287.90M | 293.90M |
| Shares Outstanding (Diluted) | 225.30M | 226.40M | 227.40M | 235.60M | 248.10M | 256.60M | 265.60M | 280.20M | 290.30M | 296.00M |
| EBITDA | 5.75B | 5.42B | 4.15B | 6.03B | 5.63B | 4.16B | 5.13B | 5.06B | 4.58B | 4.04B |
| Operating Margin | 35.76% | 33.58% | 23.45% | 37.73% | 39.91% | 30.67% | 35.31% | 34.55% | 33.38% | 30.43% |
| Net Margin | 23.59% | 21.63% | 15.03% | 25.66% | 26.97% | 20.56% | 24.10% | 23.27% | 51.22% | 16.87% |
This table shows 10 annual periods of Norfolk Southern's income statement, from FY 2025 back to FY 2016, across 15 line items including revenue, operating expenses, operating income. Values in USD; B = billions, M = millions. Fiscal periods follow NSC's reporting calendar. What is a income statement?