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Norfolk Southern NSC Shares (Diluted)

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Other financials

Income statement

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Revenue$3.5B+11.4%
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$75.35B+20.8%
Enterprise value$90.9B
P/E28.6×+10.0×
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:WeightedAverageNumberOfDilutedSharesOutstanding.

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 itemBasic / Second Quarter / 2026Basic / Second Quarter / 2025Diluted / Second Quarter / 2026Diluted / Second Quarter / 2025
Income available to common stockholders$733$767$733$768
Weighted-average shares outstanding224.6225.0224.6225.0
Dilutive effect of outstanding options and share-settled awards0.40.2
Adjusted weighted-average shares outstanding225.0225.2
Earnings per share$3.26$3.41$3.26$3.41
BasicDiluted
First Six Months
2026202520262025

Item 1. Financial Statements

FAQ

What is Norfolk Southern's shares (diluted)?
Norfolk Southern (NSC) reported shares (diluted) of 225M in Q2 2026.
How has Norfolk Southern's shares (diluted) changed year-over-year?
Norfolk Southern's shares (diluted) decreased by 0.1% year-over-year, from 225.2M to 225M.
What does shares (diluted) mean?
The weighted-average shares outstanding plus all potentially dilutive shares from stock options, RSUs, convertible securities, and warrants, using the treasury stock method.

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