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Other financials

Income statement

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Revenue$3.5B+11.4%
Operating income$1.1B-4.3%
EPS (diluted)$3.26-4.4%

Balance sheet

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Cash & equivalents$1.1B-18.0%
Total debt$16.6B
Total equity$16.3B+9.9%
Total assets$45.1B+2.2%

Cash flow

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Operating cash flow$1.1B-2.1%
CapEx$439.0M-7.6%
Free cash flow$615.0M+2.2%

Valuation

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Market cap$75.01B+20.1%
Enterprise value$90.55B
P/E28.5×+9.8×
P/S+0.9×

Profitability

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Operating margin32.2%-9.3pp
Net margin21%-6.5pp
FCF margin13%-3.6pp

Returns & leverage

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Return on equity17%-7.1pp
Debt / equity
Current ratio0.8×0.0×

Where this comes from

Reported directly by Norfolk Southern in its filing.

Tagged under the XBRL concept us-gaap:NetIncomeLoss.

The source filing: Norfolk Southern’s 10-Q, filed July 23, 2026.

Filed
Jul 23, 2026, 11:34 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-049326
Line itemSecond Quarter / 2026Second Quarter / 2025First Six Months / 2026First Six Months / 2025
Other income – net32246755
Interest expense on debt197201394400
Income before income taxes9599981,6741,976
Income taxes225230393458
Net income$734$768$1,281$1,518
Earnings per share
Basic$3.26$3.41$5.70$6.72
Diluted3.263.415.696.72

Item 1. Financial Statements

FAQ

What is Norfolk Southern's net income?
Norfolk Southern (NSC) reported net income of $734M in Q2 2026.
How has Norfolk Southern's net income changed year-over-year?
Norfolk Southern's net income decreased by 4.4% year-over-year, from $768M to $734M.
What is the long-term trend for Norfolk Southern's net income?
Over 4 years (2021 to 2025), Norfolk Southern's net income has grown at a -1.1% compound annual growth rate (CAGR), from $3.01B to $2.87B.
What does net income mean?
The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.

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