Norfolk Southern annual revenue
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Norfolk Southern Revenue Growth & History (NSC)
Norfolk Southern reported $12.18B in revenue for fiscal 2025, an increase of 0.47% from the previous fiscal year.
View full Norfolk Southern company overviewNorfolk Southern annual revenue and growth
| Fiscal year | Period ended | Revenue | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $12.18B | $57.0M | +0.47% |
| 2024 | 2024-12-31 | $12.12B | −$33.0M | −0.27% |
| 2023 | 2023-12-31 | $12.16B | −$589.0M | −4.62% |
| 2022 | 2022-12-31 | $12.74B | $1.60B | +14.39% |
| 2021 | 2021-12-31 | $11.14B | $1.35B | +13.82% |
| 2020 | 2020-12-31 | $9.79B | −$1.51B | −13.34% |
| 2019 | 2019-12-31 | $11.30B | −$162.0M | −1.41% |
| 2018 | 2018-12-31 | $11.46B | $907.0M | +8.60% |
| 2017 | 2017-12-31 | $10.55B | $663.0M | +6.71% |
| 2016 | 2016-12-31 | $9.89B | −$623.0M | −5.93% |
| 2015 | 2015-12-31 | $10.51B | −$1.11B | −9.58% |
| 2014 | 2014-12-31 | $11.62B | $379.0M | +3.37% |
| 2013 | 2013-12-31 | $11.24B | $205.0M | +1.86% |
| 2012 | 2012-12-31 | $11.04B | −$132.0M | −1.18% |
| 2011 | 2011-12-31 | $11.17B | $1.66B | +17.40% |
| 2010 | 2010-12-31 | $9.52B | $1.55B | +19.41% |
| 2009 | 2009-12-31 | $7.97B | −$2.69B | −25.25% |
| 2008 | 2008-12-31 | $10.66B | $1.23B | +13.03% |
| 2007 | 2007-12-31 | $9.43B | — | — |
Norfolk Southern quarterly revenue
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| Fiscal quarter | Period ended | Revenue | Change | YoY growth |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $3.46B | $355.0M | +11.41% |
| Q1 2026 | 2026-03-31 | $3.00B | $5.0M | +0.17% |
| Q4 2025 | 2025-12-31 | $2.97B | −$50.0M | −1.65% |
| Q3 2025 | 2025-09-30 | $3.10B | $52.0M | +1.70% |
| Q2 2025 | 2025-06-30 | $3.11B | $66.0M | +2.17% |
| Q1 2025 | 2025-03-31 | $2.99B | −$11.0M | −0.37% |
| Q4 2024 | 2024-12-31 | $3.02B | −$49.0M | −1.59% |
| Q3 2024 | 2024-09-30 | $3.05B | $80.0M | +2.69% |
| Q2 2024 | 2024-06-30 | $3.04B | $64.0M | +2.15% |
| Q1 2024 | 2024-03-31 | $3.00B | −$128.0M | −4.09% |
| Q4 2023 | 2023-12-31 | $3.07B | −$164.0M | −5.07% |
| Q3 2023 | 2023-09-30 | $2.97B | −$372.0M | −11.13% |
| Q2 2023 | 2023-06-30 | $2.98B | −$270.0M | −8.31% |
| Q1 2023 | 2023-03-31 | $3.13B | $217.0M | +7.44% |
| Q4 2022 | 2022-12-31 | $3.24B | $385.0M | +13.50% |
| Q3 2022 | 2022-09-30 | $3.34B | $491.0M | +17.22% |
| Q2 2022 | 2022-06-30 | $3.25B | $451.0M | +16.11% |
| Q1 2022 | 2022-03-31 | $2.92B | $276.0M | +10.46% |
| Q4 2021 | 2021-12-31 | $2.85B | $279.0M | +10.84% |
| Q3 2021 | 2021-09-30 | $2.85B | $346.0M | +13.81% |
| Q2 2021 | 2021-06-30 | $2.80B | $714.0M | +34.24% |
| Q1 2021 | 2021-03-31 | $2.64B | $14.0M | +0.53% |
| Q4 2020 | 2020-12-31 | $2.57B | −$117.0M | −4.35% |
| Q3 2020 | 2020-09-30 | $2.51B | −$335.0M | −11.79% |
| Q2 2020 | 2020-06-30 | $2.08B | −$840.0M | −28.72% |
| Q1 2020 | 2020-03-31 | $2.63B | −$215.0M | −7.57% |
| Q4 2019 | 2019-12-31 | $2.69B | −$206.0M | −7.11% |
| Q3 2019 | 2019-09-30 | $2.84B | −$106.0M | −3.60% |
| Q2 2019 | 2019-06-30 | $2.92B | $27.0M | +0.93% |
| Q1 2019 | 2019-03-31 | $2.84B | $123.0M | +4.53% |
| Q4 2018 | 2018-12-31 | $2.90B | $227.0M | +8.51% |
| Q3 2018 | 2018-09-30 | $2.95B | $277.0M | +10.37% |
| Q2 2018 | 2018-06-30 | $2.90B | $261.0M | +9.90% |
| Q1 2018 | 2018-03-31 | $2.72B | $142.0M | +5.51% |
| Q4 2017 | 2017-12-31 | $2.67B | $179.0M | +7.19% |
| Q3 2017 | 2017-09-30 | $2.67B | $146.0M | +5.78% |
| Q2 2017 | 2017-06-30 | $2.64B | $183.0M | +7.46% |
| Q1 2017 | 2017-03-31 | $2.58B | $155.0M | +6.40% |
| Q4 2016 | 2016-12-31 | $2.49B | −$28.0M | −1.11% |
| Q3 2016 | 2016-09-30 | $2.52B | −$189.0M | −6.97% |
| Q2 2016 | 2016-06-30 | $2.45B | −$259.0M | −9.55% |
| Q1 2016 | 2016-03-31 | $2.42B | −$147.0M | −5.73% |
| Q4 2015 | 2015-12-31 | $2.52B | −$352.0M | −12.26% |
| Q3 2015 | 2015-09-30 | $2.71B | −$310.0M | −10.25% |
| Q2 2015 | 2015-06-30 | $2.71B | −$329.0M | −10.82% |
| Q1 2015 | 2015-03-31 | $2.57B | −$122.0M | −4.54% |
| Q4 2014 | 2014-12-31 | $2.87B | −$11.0M | −0.38% |
| Q3 2014 | 2014-09-30 | $3.02B | $199.0M | +7.05% |
| Q2 2014 | 2014-06-30 | $3.04B | $240.0M | +8.57% |
| Q1 2014 | 2014-03-31 | $2.69B | −$49.0M | −1.79% |
| Q4 2013 | 2013-12-31 | $2.88B | $197.0M | +7.34% |
| Q3 2013 | 2013-09-30 | $2.82B | $131.0M | +4.86% |
| Q2 2013 | 2013-06-30 | $2.80B | −$72.0M | −2.51% |
| Q1 2013 | 2013-03-31 | $2.74B | −$51.0M | −1.83% |
| Q4 2012 | 2012-12-31 | $2.68B | −$113.0M | −4.04% |
| Q3 2012 | 2012-09-30 | $2.69B | −$196.0M | −6.78% |
| Q2 2012 | 2012-06-30 | $2.87B | $8.0M | +0.28% |
| Q1 2012 | 2012-03-31 | $2.79B | $169.0M | +6.45% |
| Q4 2011 | 2011-12-31 | $2.80B | $405.0M | +16.93% |
| Q3 2011 | 2011-09-30 | $2.89B | $433.0M | +17.63% |
| Q2 2011 | 2011-06-30 | $2.87B | $436.0M | +17.94% |
| Q1 2011 | 2011-03-31 | $2.62B | $382.0M | +17.07% |
| Q4 2010 | 2010-12-31 | $2.39B | $286.0M | +13.58% |
| Q3 2010 | 2010-09-30 | $2.46B | $393.0M | +19.05% |
| Q2 2010 | 2010-06-30 | $2.43B | $573.0M | +30.86% |
| Q1 2010 | 2010-03-31 | $2.24B | $295.0M | +15.18% |
| Q4 2009 | 2009-12-31 | $2.11B | — | — |
| Q3 2009 | 2009-09-30 | $2.06B | −$831.0M | −28.71% |
| Q2 2009 | 2009-06-30 | $1.86B | — | — |
| Q1 2009 | 2009-03-31 | $1.94B | — | — |
| Q3 2008 | 2008-09-30 | $2.89B | — | — |
Norfolk Southern revenue growth trends
Over the last five reported fiscal years, revenue grew from $9.79B to $12.18B, a compound annual growth rate of 4.47%. Norfolk Southern's latest reported quarter, Q2 2026, generated $3.46B in revenue, an increase of 11.41% year over year.
About the data
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Revenue is the top-line amount a company reports from selling goods and services before expenses are deducted. Fiscal periods can differ from calendar years, so each table includes the exact period end date.
Financial data
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