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Norfolk Southern NSC Total Revenue

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Segments

By segment

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Railway Operating Revenues Market Group Merchandise$2.13B+8.2%
Railway Operating Revenues Market Group Intermodal$908M+22.2%
Railway Operating Revenues Market Group Coal$424M+7.3%

Other financials

Income statement

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Operating income$1.1B-4.3%
Net income$734.0M-4.4%
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$79.21B+29.6%
Enterprise value$94.76B
P/E30.1×+11.8×
P/S6.3×+1.3×

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:RevenueFromContractWithCustomerExcludingAssessedTax.

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
Railway operating revenues$3,465$3,110$6,463$6,103
Railway operating expenses
Compensation and benefits7446921,4841,431
Purchased services and rents5505201,0721,018
Fuel405219661463
Depreciation358346710692
Materials and other212195401400
Merger-related expenses51103

Item 1. Financial Statements

FAQ

What is Norfolk Southern's total revenue?
Norfolk Southern (NSC) reported total revenue of $3.47B in Q2 2026.
How has Norfolk Southern's total revenue changed year-over-year?
Norfolk Southern's total revenue increased by 11.4% year-over-year, from $3.11B to $3.47B.
What is the long-term trend for Norfolk Southern's total revenue?
Over 4 years (2021 to 2025), Norfolk Southern's total revenue has grown at a 2.3% compound annual growth rate (CAGR), from $11.14B to $12.18B.
What does total revenue mean?
The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.

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