Norfolk Southern financials
$313.00−0.02%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 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 |
| Gross profit | $3.46B | $3.00B | $2.97B | $3.10B | $3.11B | $2.99B | $3.02B | $3.05B | $3.04B | $3.00B | $3.07B | $2.97B |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating income | $1.12B | $877.0M | $937.0M | $1.10B | $1.18B | $1.15B | $1.13B | $1.60B | $1.13B | $213.0M | $808.0M | $756.0M |
| Net income | $734.0M | $546.0M | $643.0M | $711.0M | $768.0M | $749.0M | $732.0M | $1.10B | $737.0M | $52.0M | $524.0M | $478.0M |
| Net margin | 21.2% | 18.2% | 21.6% | 22.9% | 24.7% | 25.0% | 24.2% | 36.0% | 24.2% | 1.7% | 17.1% | 16.1% |
| Diluted EPS | $3.26 | $2.43 | $2.86 | $3.16 | $3.41 | $3.31 | $3.23 | $4.85 | $3.25 | $0.23 | $2.31 | $2.10 |
| EBITDA | $1.54B | $1.28B | $1.34B | $1.46B | $1.48B | $1.31B | $1.46B | $1.84B | $1.40B | $649.0M | $958.0M | $1.25B |
| Operating cash flow | $1.05B | $344.0M | $1.06B | $1.27B | $1.08B | $950.0M | $951.0M | $1.23B | $1.04B | $839.0M | $673.0M | $660.0M |
| Free cash flow | $615.0M | -$38.0M | $334.0M | $720.0M | $602.0M | $501.0M | $276.0M | $645.0M | $467.0M | -$1.36B | -$180.0M | $112.0M |
| Diluted shares | 225.0M | 225.0M | 224.8M | 224.7M | 225.2M | 226.5M | 226.5M | 226.5M | 226.4M | 226.2M | 226.9M | 227.0M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $1.07B | $1.34B | $1.53B | $1.42B | $1.30B | $1.01B |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $16.62B | $17.10B | $17.09B | $17.08B | $17.37B | $17.21B |
| Total assets | $45.12B | $45.11B | $45.24B | $44.58B | $44.16B | $43.80B |
| Total liabilities | $28.87B | $29.31B | $29.69B | $29.44B | $29.37B | $29.29B |
| Shareholders' equity | $16.25B | $15.80B | $15.55B | $15.14B | $14.79B | $14.51B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology