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Norfolk Southern NSC Q1 2026 earnings

Reported April 24, 2026 · Before market open

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

Next report

Oct 22, 2026 (In 2 weeks)
Revenue estimate$3.5B
EPS estimate$3.54

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

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Cash & equivalents$1.3B+33.3%
Total debt$115.0M—
Total equity$15.8B+8.9%
Total assets$45.1B+3.0%

Cash flow

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

Valuation & ratios

Valuation

as of 03/31/26
See full
Market cap$64.43B+20.2%
Enterprise value$63.21B—
P/E24.1×+8.0×
P/S5.3×+0.9×

Profitability

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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
Debt / equity0×—
Current ratio0.9×+0.1×

Segments

By segment

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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%

FAQ

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 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 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.