Norfolk Southern Quarterly Income Statement
NYSE: NSCIndustrialsRailroadsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Norfolk Southern revenue and earnings
In the quarter ended Jun 30, 2026, Norfolk Southern generated $3.46 billion in revenue, up 11.4% from the same quarter a year earlier. Net income was $734.0 million (-4.4% year over year), for a net margin of 21.2% versus a median of 22.9% in the prior 5 quarters. Operating margin was 32.4%.
Diluted earnings per share came in at $3.26, down from $3.41.
Summary generated from market data by MetaCap's automated system. Methodology
Norfolk Southern income statement (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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.46B | 3.00B | 2.97B | 3.10B | 3.11B | 2.99B | 3.02B | 3.05B | 3.04B | 3.00B | 3.07B | 2.97B |
| Revenue growth (YoY) | +11.41% | +0.17% | -1.65% | +1.70% | +2.17% | -0.37% | -1.59% | +2.69% | +2.15% | -4.09% | -5.07% | -11.13% |
| Operating Income | 1.12B | 877.00M | 937.00M | 1.10B | 1.18B | 1.15B | 1.13B | 1.60B | 1.13B | 213.00M | 808.00M | 756.00M |
| Interest Expense | 197.00M | 197.00M | 195.00M | 197.00M | 201.00M | 199.00M | 199.00M | 203.00M | 204.00M | 201.00M | 195.00M | 182.00M |
| Other Income (Expense) | 32.00M | 35.00M | 23.00M | 23.00M | 24.00M | 31.00M | -4.00M | 34.00M | 17.00M | 18.00M | 38.00M | 40.00M |
| Pretax Income | 959.00M | 715.00M | 765.00M | 924.00M | 998.00M | 978.00M | 928.00M | 1.43B | 944.00M | 30.00M | 651.00M | 614.00M |
| Income Tax | 225.00M | 168.00M | 121.00M | 213.00M | 230.00M | 228.00M | 195.00M | 328.00M | 207.00M | -23.00M | 124.00M | 136.00M |
| Net Income | 734.00M | 547.00M | 644.00M | 711.00M | 768.00M | 750.00M | 733.00M | 1.10B | 737.00M | 53.00M | 527.00M | 478.00M |
| Net Income growth (YoY) | -4.43% | -27.07% | -12.14% | -35.30% | +4.21% | +1315.09% | +39.09% | +129.92% | +107.02% | -88.63% | -33.29% | -50.10% |
| EPS (Basic) | 3.26 | 2.43 | 2.88 | 3.16 | 3.41 | 3.31 | 3.23 | 4.86 | 3.26 | 0.23 | 2.33 | 2.11 |
| EPS (Diluted) | 3.26 | 2.43 | 2.87 | 3.16 | 3.41 | 3.31 | 3.24 | 4.85 | 3.25 | 0.23 | 2.32 | 2.10 |
| Shares Outstanding (Basic) | 224.60M | 224.50M | — | 224.40M | 225.00M | 226.10M | — | 226.20M | 226.00M | 225.80M | — | 226.40M |
| Shares Outstanding (Diluted) | 225.00M | 225.00M | — | 224.70M | 225.20M | 226.50M | — | 226.50M | 226.40M | 226.20M | — | 227.00M |
| EBITDA | 1.48B | 1.23B | 1.29B | 1.45B | 1.52B | 1.49B | 1.47B | 1.94B | 1.47B | 550.00M | 1.14B | 1.08B |
| Operating Margin | 32.44% | 29.25% | 31.51% | 35.39% | 37.78% | 38.29% | 37.40% | 52.31% | 37.16% | 7.09% | 26.29% | 25.45% |
| Net Margin | 21.18% | 18.25% | 21.65% | 22.91% | 24.69% | 25.06% | 24.24% | 36.02% | 24.21% | 1.76% | 17.15% | 16.09% |
This table shows 12 quarterly periods of Norfolk Southern's income statement, from Q2 2026 back to Q3 2023, 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?