What is Norfolk Southern's deferred taxes?

Norfolk Southern (NSC) reported deferred taxes of $48M in Q1 2026.

How has Norfolk Southern's deferred taxes changed year-over-year?

Norfolk Southern's deferred taxes decreased by 15.8% year-over-year, from $57M to $48M.

What is the long-term trend for Norfolk Southern's deferred taxes?

Over 2 years (2021 to 2024), Norfolk Southern's deferred taxes has grown at a -2.2% compound annual growth rate (CAGR), from $184M to $176M.

What does deferred taxes mean?

Non-cash deferred tax expense or benefit representing the change in deferred tax assets/liabilities during the period.

Norfolk Southern NSC Deferred Taxes

Deferred Taxes at other companies

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$15M-42.3%

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$20M+21.2%

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$54M+871%

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$51M+292%

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$2.75M-78.4%

Wabash NationalWNC

-$12.89M-115%

Other financials

Income statement

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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$236.0M-17.2%

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

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Market cap$70.66B+25.8%

P/E26.5×+9.7×

P/S5.8×+1.2×

Profitability

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Operating margin33.5%-7.8pp

Net margin21.9%-5.5pp

FCF margin13.3%-2.3pp

Returns & leverage

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Return on equity17.6%-6.9pp

Debt / equity0×0.0×

Current ratio0.9×+0.1×

Where this comes from

Reported directly by Norfolk Southern in its filing.

Tagged under the XBRL concept us-gaap:DeferredIncomeTaxExpenseBenefit.

The official record: Norfolk Southern’s 10-Q, filed April 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Norfolk Southern's deferred taxes?: Norfolk Southern (NSC) reported deferred taxes of $48M in Q1 2026.
How has Norfolk Southern's deferred taxes changed year-over-year?: Norfolk Southern's deferred taxes decreased by 15.8% year-over-year, from $57M to $48M.
What is the long-term trend for Norfolk Southern's deferred taxes?: Over 2 years (2021 to 2024), Norfolk Southern's deferred taxes has grown at a -2.2% compound annual growth rate (CAGR), from $184M to $176M.
What does deferred taxes mean?: Non-cash deferred tax expense or benefit representing the change in deferred tax assets/liabilities during the period.