Skip to content
OpenCapital
Get started

Norfolk Southern NSC Q1 2026 earnings

Reported April 24, 2026 · Before market open

Revenue$3.0BBeat by $4.3MDiluted EPS$2.65Beat by $0.16
Revenue estimate$3.0B
EPS estimate$2.49

Next report

Aug 4, 2026 (in a month)
Revenue estimate$3.3B
EPS estimate$3.12

Financials

Q1 2026

Income statement

See full
Revenue$3.0B+0.2%
Operating income$877.0M-23.5%
Net income$547.0M-27.1%
EPS (diluted)$2.43-26.6%

Balance sheet

See full
Cash & equivalents$1.3B+33.3%
Total equity$15.8B+8.9%
Total assets$45.1B+3.0%

Cash flow

See full
Operating cash flow$344.0M-63.8%
CapEx$382.0M-14.9%
Free cash flow-$38.0M-108%

Valuation & ratios

Valuation

as of 06/26/26
See full
Market cap$70.09B+20.2%
P/E26.3×+8.7×
P/S5.8×+0.9×

Profitability

See full
Operating margin33.5%-7.8pp
Net margin21.9%-5.5pp
FCF margin13.3%-2.3pp

Returns & leverage

See full
Return on equity17.6%-6.9pp
Current ratio0.9×+0.1×

Segments

By segment

See full
Railway Operating Revenues Market Group Merchandise$1.9B+1.2%
Railway Operating Revenues Market Group Intermodal$749.0M-1.4%
Railway Operating Revenues Market Group Coal$364.0M-1.6%

Versus estimates

Revenue

Q1 2026$3.0BBeat by $4.3M
Q4 2025$3.0BMiss by $27.0MQ3 2025$3.1BMiss by $8.7MQ2 2025$3.1BMiss by $18.2MQ1 2025$3.0BBeat by $22.2MQ4 2024$3.0BBeat by $9.1M

Diluted EPS

Q1 2026$2.65Beat by $0.16
Q4 2025$3.22Beat by $0.46Q3 2025$3.30Beat by $0.11Q2 2025$3.29Miss by $0.02Q1 2025$2.69Beat by $0.03Q4 2024$3.04Beat by $0.10

Ask the moment Norfolk Southern reports.

Connect your AI and ask the moment the filing drops. It reads the release, surfaces what management said, and gives you its own read.

Connect your AI
Harbor at dusk
Claude

Questions, answered.

When did Norfolk Southern report Q1 2026 earnings?
Norfolk Southern (NSC) reported Q1 2026 earnings on April 24, 2026 before market open.
What were Norfolk Southern's Q1 2026 revenue and EPS?
Norfolk Southern reported revenue of $3.0B and diluted EPS of $2.65 for Q1 2026.
Did Norfolk Southern beat estimates in Q1 2026?
Revenue beat the consensus estimate of $3.0B by $4.3M. EPS beat the consensus estimate of $2.49 by $0.16.
How did Norfolk Southern's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 0.2% from $3.0B a year earlier and diluted EPS declined 1.5% from $2.69.
Where can I find Norfolk Southern's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001193125-26-175084) and the 10-Q periodic report (0001628280-26-027051) directly on SEC EDGAR. The filing index links above go to sec.gov.