NSC Income Statement - NORFOLK SOUTHERN CORP

Complete source-backed income-statement history.

Available history: 2007-12-31 to 2026-06-30
Data captured: 2026-09-04

Historical Income Statement

Date	Revenue	Cost of revenue	Gross profit	R&D expense	SG&A expense	Operating expenses	Operating income	Nonoperating income/expense	Pre-tax income	Income tax	Net income	Basic EPS	Diluted EPS	Basic shares	Diluted shares
2026-06-30	$3.47B	—	—	—	—	—	$1.12B	—	$959M	$225M	$734M	$3.26	$3.26	224,600,000	225,000,000
2026-03-31	$3B	—	—	—	—	—	$877M	—	$715M	$168M	$547M	$2.43	$2.43	224,500,000	225,000,000
2025-12-31	$2.97B	—	—	—	—	—	$937M	—	$765M	$121M	$644M	$2.87	$2.87	-200,000	-200,000
2025-09-30	$3.1B	—	—	—	—	—	$1.1B	—	$924M	$213M	$711M	$3.16	$3.16	224,400,000	224,700,000
2025-06-30	$3.11B	—	—	—	—	—	$1.18B	—	$998M	$230M	$768M	$3.41	$3.41	225,000,000	225,200,000
2025-03-31	$2.99B	—	—	—	—	—	$1.15B	—	$978M	$228M	$750M	$3.31	$3.31	226,100,000	226,500,000
2024-12-31	$3.02B	—	—	—	—	—	$1.13B	—	$928M	$195M	$733M	$3.23	$3.23	100,000	100,000
2024-09-30	$3.05B	—	—	—	—	—	$1.6B	—	$1.43B	$328M	$1.1B	$4.86	$4.85	226,200,000	226,500,000
2024-06-30	$3.04B	—	—	—	—	—	$1.13B	—	$944M	$207M	$737M	$3.26	$3.25	226,000,000	226,400,000
2024-03-31	$3B	—	—	—	—	—	$213M	—	$30M	-$23M	$53M	$0.23	$0.23	225,800,000	226,200,000
2023-12-31	$3.07B	—	—	—	—	—	$808M	—	$651M	$124M	$527M	$2.33	$2.32	-300,000	-400,000
2023-09-30	$2.97B	—	—	—	—	—	$756M	—	$614M	$136M	$478M	$2.11	$2.10	226,400,000	227,000,000
2023-06-30	$2.98B	—	—	—	—	—	$576M	—	$463M	$107M	$356M	$1.56	$1.56	227,500,000	228,000,000
2023-03-31	$3.13B	—	—	—	—	—	$711M	—	$592M	$126M	$466M	$2.04	$2.04	227,700,000	228,300,000
2022-12-31	$3.24B	—	—	—	—	—	$1.18B	—	$1.04B	$248M	$790M	$3.43	$3.43	-1,600,000	-1,600,000
2022-09-30	$3.34B	—	—	—	—	—	$1.27B	—	$1.09B	$135M	$958M	$4.11	$4.10	233,200,000	234,000,000
2022-06-30	$3.25B	—	—	—	—	—	$1.27B	—	$1.09B	$268M	$819M	$3.46	$3.45	236,700,000	237,500,000
2022-03-31	$2.92B	—	—	—	—	—	$1.09B	—	$912M	$209M	$703M	$2.94	$2.93	239,300,000	240,200,000
2021-12-31	$2.85B	—	—	—	—	—	$1.13B	—	$985M	$225M	$760M	$3.13	$3.12	-1,600,000	-1,600,000
2021-09-30	$2.85B	—	—	—	—	—	$1.14B	—	$986M	$233M	$753M	$3.07	$3.06	245,300,000	246,400,000
2021-06-30	$2.8B	—	—	—	—	—	$1.17B	—	$1.04B	$222M	$819M	$3.29	$3.28	248,900,000	250,000,000
2021-03-31	$2.64B	—	—	—	—	—	$1.02B	—	$866M	$193M	$673M	$2.67	$2.66	251,400,000	252,600,000
2020-12-31	$2.57B	—	—	—	—	—	$984M	—	$867M	$196M	$671M	$2.64	$2.63	-600,000	-600,000
2020-09-30	$2.51B	—	—	—	—	—	$840M	—	$724M	$155M	$569M	$2.23	$2.22	254,600,000	256,100,000
2020-06-30	$2.09B	—	—	—	—	—	$610M	—	$503M	$111M	$392M	$1.53	$1.53	255,400,000	256,700,000
2020-03-31	$2.63B	—	—	—	—	—	$568M	—	$436M	$55M	$381M	$1.48	$1.47	257,300,000	258,700,000
2019-12-31	$2.69B	—	—	—	—	—	$962M	—	$828M	$162M	$666M	$2.56	$2.55	-1,300,000	-1,300,000
2019-09-30	$2.84B	—	—	—	—	$1.85B	$996M	—	$868M	$211M	$657M	$2.50	$2.49	262,100,000	264,300,000
2019-06-30	$2.93B	—	—	—	—	$1.86B	$1.07B	—	$934M	$212M	$722M	$2.72	$2.70	264,800,000	267,100,000
2019-03-31	$2.84B	—	—	—	—	$1.87B	$966M	—	$861M	$184M	$677M	$2.53	$2.51	267,100,000	269,400,000
2018-12-31	$2.9B	—	—	—	—	$1.82B	$1.08B	—	$930M	$228M	$702M	$2.58	$2.56	-2,400,000	-2,400,000
2018-09-30	$2.95B	—	—	—	—	$1.93B	$1.02B	—	$908M	$206M	$702M	$2.54	$2.52	275,500,000	278,200,000
2018-06-30	$2.9B	—	—	—	—	$1.87B	$1.03B	—	$924M	$214M	$710M	$2.52	$2.50	281,300,000	283,700,000
2018-03-31	$2.72B	—	—	—	—	$1.88B	$835M	—	$707M	$155M	$552M	$1.94	$1.93	283,500,000	285,900,000
2017-12-31	$2.67B	—	—	—	—	$1.67B	$998M	—	$893M	-$3.08B	$3.97B	$13.80	$13.68	-900,000	-900,000
2017-09-30	$2.67B	—	—	—	—	$1.78B	$895M	—	$800M	$294M	$506M	$1.76	$1.75	287,100,000	289,500,000
2017-06-30	$2.64B	—	—	—	—	$1.77B	$872M	—	$780M	$283M	$497M	$1.72	$1.71	289,000,000	291,200,000
2017-03-31	$2.58B	—	—	—	—	$1.82B	$757M	—	$655M	$222M	$433M	$1.49	$1.48	290,300,000	292,800,000
2016-12-31	$2.49B	—	—	—	—	$1.79B	$696M	—	$641M	$225M	$416M	$1.43	$1.41	-1,000,000	-700,000
2016-09-30	$2.52B	—	—	—	—	$1.7B	$820M	—	$705M	$245M	$460M	$1.56	$1.55	292,700,000	294,700,000
2016-06-30	$2.45B	—	—	—	—	$1.68B	$770M	—	$636M	$231M	$405M	$1.37	$1.36	294,700,000	296,600,000
2016-03-31	$2.42B	—	—	—	—	$1.7B	$723M	—	$600M	$213M	$387M	$1.30	$1.29	297,200,000	298,900,000
2015-12-31	$2.52B	—	—	—	—	$1.88B	$642M	—	$524M	$163M	$361M	$1.20	$1.20	-1,300,000	-1,400,000
2015-09-30	$2.71B	—	—	—	—	$1.89B	$822M	—	$724M	$272M	$452M	$1.50	$1.49	300,100,000	302,500,000
2015-06-30	$2.71B	—	—	—	—	$1.9B	$814M	—	$699M	$266M	$433M	$1.43	$1.41	302,900,000	305,500,000
2015-03-31	$2.57B	—	—	—	—	$1.96B	$606M	—	$495M	$185M	$310M	$1.01	$1.00	306,800,000	309,600,000
2014-12-31	$2.87B	—	—	—	—	$1.98B	$891M	—	$790M	$279M	$511M	$1.64	$1.64	—	—
2014-09-30	$3.02B	—	—	—	—	$2.03B	$998M	—	$892M	$333M	$559M	$1.80	$1.79	—	—
2014-06-30	$3.04B	—	—	—	—	$2.02B	$1.02B	—	$898M	$336M	$562M	$1.81	$1.79	—	—
2014-03-31	$2.69B	—	—	—	—	$2.02B	$667M	—	$554M	$186M	$368M	$1.18	$1.17	—	—
2013-12-31	$2.88B	—	—	—	—	$2B	$881M	—	$783M	$270M	$513M	$1.65	$1.64	—	—
2013-09-30	$2.82B	—	—	—	—	$1.98B	$849M	—	$748M	$266M	$482M	$1.55	$1.53	—	—
2013-06-30	$2.8B	—	—	—	—	$1.97B	$836M	—	$737M	$272M	$465M	$1.47	$1.46	—	—
2013-03-31	$2.74B	—	—	—	—	$2.05B	$691M	—	$697M	$247M	$450M	$1.43	$1.41	—	—
2012-12-31	$2.68B	—	—	—	—	$1.97B	$714M	—	—	$208M	$413M	$1.30	$1.30	—	—
2012-09-30	$2.69B	—	—	—	—	$1.96B	$731M	—	—	$238M	$402M	$1.26	$1.24	—	—
2012-06-30	$2.87B	—	—	—	—	$1.94B	$934M	—	—	$319M	$524M	$1.62	$1.60	—	—
2012-03-31	$2.79B	—	—	—	—	$2.04B	$745M	—	—	$244M	$410M	$1.24	$1.23	—	—
2011-12-31	$2.8B	—	—	—	—	$2B	$800M	—	—	$243M	$480M	$1.43	$1.42	—	—
2011-09-30	$2.89B	—	—	—	—	$1.95B	$938M	—	—	$330M	$554M	$1.61	$1.59	—	—
2011-06-30	$2.87B	—	—	—	—	$1.99B	$875M	—	—	$239M	$557M	$1.58	$1.56	—	—
2011-03-31	$2.62B	—	—	—	—	$2.02B	$600M	—	—	$190M	$325M	$0.91	$0.90	355,200,000	360,500,000
2010-12-31	$2.39B	—	—	—	—	$1.75B	$642M	—	—	$160M	$402M	$1.11	$1.09	-2,000,000	-2,000,000
2010-09-30	$2.46B	—	—	—	—	$1.71B	$746M	—	—	$269M	$445M	$1.21	$1.19	366,300,000	371,600,000
2010-06-30	$2.43B	—	—	—	—	$1.7B	$733M	—	—	$243M	$392M	$1.06	$1.04	369,700,000	375,100,000
2010-03-31	$2.24B	—	—	—	—	$1.68B	$555M	—	—	$199M	$257M	$0.69	$0.68	369,500,000	374,900,000
2009-12-31	$2.11B	—	—	—	—	$1.56B	$549M	—	—	$160M	$307M	$0.82	$0.82	300,000	400,000
2009-09-30	$2.06B	—	—	—	—	$1.5B	$562M	—	—	$178M	$303M	$0.82	$0.81	367,300,000	372,500,000
2009-06-30	$1.86B	—	—	—	—	$1.39B	$468M	—	—	$144M	$247M	$0.67	$0.66	366,800,000	371,400,000
2009-03-31	$1.94B	—	—	—	—	$1.56B	$383M	—	—	$106M	$177M	$0.48	$0.47	—	—
2008-12-31	$2.5B	—	—	—	—	$1.69B	$813M	—	—	$267M	$452M	$1.22	$1.22	—	—
2008-09-30	$2.89B	—	—	—	—	$2B	$894M	—	—	$302M	$520M	$1.39	$1.37	—	—

Annual Income Statement

Date	Revenue	Cost of revenue	Gross profit	R&D expense	SG&A expense	Operating expenses	Operating income	Nonoperating income/expense	Pre-tax income	Income tax	Net income	Basic EPS	Diluted EPS	Basic shares	Diluted shares
2025-12-31	$12.18B	—	—	—	—	—	$4.36B	—	$3.67B	$792M	$2.87B	$12.76	$12.75	225,000,000	225,300,000
2024-12-31	$12.12B	—	—	—	—	—	$4.07B	—	$3.33B	$707M	$2.62B	$11.58	$11.57	226,100,000	226,400,000
2023-12-31	$12.16B	—	—	—	—	—	$2.85B	—	$2.32B	$493M	$1.83B	$8.04	$8.02	226,900,000	227,400,000
2022-12-31	$12.75B	—	—	—	—	—	$4.81B	—	$4.13B	$860M	$3.27B	$13.92	$13.88	234,800,000	235,600,000
2021-12-31	$11.14B	—	—	—	—	—	$4.45B	—	$3.88B	$873M	$3.01B	$12.16	$12.11	246,900,000	248,100,000
2020-12-31	$9.79B	—	—	—	—	—	$3B	—	$2.53B	$517M	$2.01B	$7.88	$7.84	255,100,000	256,600,000
2019-12-31	$11.3B	—	—	—	—	—	$3.99B	—	$3.49B	$769M	$2.72B	$10.32	$10.25	263,300,000	265,600,000
2018-12-31	$11.46B	—	—	—	—	$7.5B	$3.96B	—	$3.47B	$803M	$2.67B	$9.58	$9.51	277,700,000	280,200,000
2017-12-31	$10.55B	—	—	—	—	$7.03B	$3.52B	—	$3.13B	-$2.28B	$5.4B	$18.76	$18.61	287,900,000	290,300,000
2016-12-31	$9.89B	—	—	—	—	$6.88B	$3.01B	—	$2.58B	$914M	$1.67B	$5.66	$5.62	293,900,000	296,000,000
2015-12-31	$10.51B	—	—	—	—	$7.63B	$2.88B	—	$2.44B	$886M	$1.56B	$5.13	$5.10	301,900,000	304,400,000
2014-12-31	$11.62B	—	—	—	—	$8.05B	$3.58B	—	$3.13B	$1.13B	$2B	$6.44	$6.39	309,400,000	312,500,000
2013-12-31	$11.25B	—	—	—	—	$7.99B	$3.26B	—	$2.97B	$1.06B	$1.91B	$6.10	$6.04	—	—
2012-12-31	$11.04B	—	—	—	—	$7.92B	$3.12B	—	$2.76B	$1.01B	$1.75B	$5.42	$5.37	—	—
2011-12-31	$11.17B	—	—	—	—	$7.96B	$3.21B	—	$2.92B	$1B	$1.92B	$5.52	$5.45	—	—
2010-12-31	$9.52B	—	—	—	—	$6.84B	$2.68B	—	—	$871M	$1.5B	$4.06	$4.00	366,500,000	371,800,000
2009-12-31	$7.97B	—	—	—	—	$6.01B	$1.96B	—	—	$588M	$1.03B	$2.79	$2.76	367,100,000	372,100,000
2008-12-31	$10.66B	—	—	—	—	$7.58B	$3.08B	—	—	$1.03B	$1.72B	$4.58	$4.52	372,300,000	380,000,000
2007-12-31	$9.43B	—	—	—	—	$6.85B	$2.59B	—	—	$773M	$1.46B	$3.73	$3.68	—	—