Norfolk Southern Quarterly Balance Sheet
NYSE: NSCIndustrialsRailroadsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Norfolk Southern financial position
As of Jun 30, 2026, Norfolk Southern reported total assets of $45.12 billion, up 2.2% from a year earlier against total liabilities of $28.87 billion. Shareholders' equity stood at $16.25 billion, or 36.0% of assets. The company held $1.07 billion in cash and equivalents against $16.62 billion of debt, a net debt position of $15.55 billion.
The current ratio (current assets divided by current liabilities) was 0.83, meaning short-term obligations exceed short-term assets. Debt-to-equity was 1.02.
Summary generated from market data by MetaCap's automated system. Methodology
Norfolk Southern balance sheet (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.07B | 1.34B | 1.53B | 1.42B | 1.30B | 1.01B | 1.64B | 975.00M | 659.00M | 652.00M | 1.57B | 1.51B |
| Receivables | 1.18B | 1.12B | 988.00M | 1.10B | 1.12B | 1.23B | 1.07B | 1.30B | 1.19B | 1.20B | 1.15B | 1.21B |
| Total Current Assets | 2.80B | 3.02B | 3.20B | 3.04B | 2.91B | 2.70B | 3.19B | 2.69B | 2.30B | 2.36B | 3.27B | 3.14B |
| Property, Plant & Equipment | 36.63B | 36.44B | 36.48B | 36.11B | 35.92B | 35.80B | 35.83B | 35.39B | 35.28B | 35.05B | 33.33B | 32.67B |
| Long-Term Investments | 4.16B | 4.12B | 4.09B | 4.08B | 4.04B | 4.00B | 3.37B | 3.97B | 3.81B | 3.57B | 3.84B | 3.82B |
| Total Assets | 45.12B | 45.11B | 45.24B | 44.58B | 44.16B | 43.80B | 43.68B | 43.26B | 42.56B | 42.13B | 41.65B | 40.74B |
| Accounts Payable | 1.78B | 1.70B | 1.86B | 1.66B | 1.50B | 1.45B | 1.70B | 1.61B | 1.53B | 1.51B | 1.64B | 1.50B |
| Short-Term Debt | 649.00M | 609.00M | 607.00M | 607.00M | 903.00M | 555.00M | 555.00M | 555.00M | 655.00M | 404.00M | 4.00M | 405.00M |
| Total Current Liabilities | 3.37B | 3.33B | 3.77B | 3.52B | 3.67B | 3.45B | 3.54B | 3.68B | 3.67B | 3.45B | 2.63B | 2.91B |
| Long-Term Debt | 15.97B | 16.49B | 16.48B | 16.48B | 16.46B | 16.66B | 16.65B | 16.64B | 16.94B | 17.18B | 17.18B | 16.18B |
| Total Liabilities | 28.87B | 29.31B | 29.69B | 29.44B | 29.37B | 29.29B | 29.38B | 29.47B | 29.58B | 29.59B | 28.87B | 28.12B |
| Shareholders' Equity | 16.25B | 15.80B | 15.55B | 15.14B | 14.79B | 14.51B | 14.31B | 13.79B | 12.98B | 12.54B | 12.78B | 12.62B |
| Retained Earnings | 13.91B | 13.48B | 13.23B | 12.89B | 12.56B | 12.30B | 12.09B | 11.67B | 10.87B | 10.44B | 10.70B | 10.59B |
| Total Debt | 16.62B | 17.10B | 17.09B | 17.08B | 17.37B | 17.21B | 17.21B | 17.20B | 17.59B | 17.58B | 17.18B | 16.58B |
| Net Cash (Debt) | -15.55B | -15.76B | -15.56B | -15.66B | -16.06B | -16.21B | -15.56B | -16.22B | -16.93B | -16.93B | -15.61B | -15.08B |
| Shares Outstanding | 224.61M | 224.59M | 224.42M | 224.39M | 224.61M | 225.44M | 226.32M | 226.24M | 226.10M | 225.91M | 225.68M | 226.14M |
This table shows 12 quarterly periods of Norfolk Southern's balance sheet, from Q2 2026 back to Q3 2023, across 17 line items including cash & equivalents, short-term investments, receivables. Values in USD; B = billions, M = millions. Fiscal periods follow NSC's reporting calendar. What is a balance sheet?