Norfolk Southern annual shareholders’ equity
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Norfolk Southern Shareholders’ Equity Growth & History (NSC)
Norfolk Southern's shareholders’ equity was $15.55B for fiscal 2025.
View full Norfolk Southern company overviewNorfolk Southern annual shareholders’ equity history
| Fiscal year | Period ended | Shareholders’ equity | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $15.55B | $1.24B | +8.67% |
| 2024 | 2024-12-31 | $14.31B | $1.52B | +11.93% |
| 2023 | 2023-12-31 | $12.78B | $48.0M | +0.38% |
| 2022 | 2022-12-31 | $12.73B | −$908.0M | −6.66% |
| 2021 | 2021-12-31 | $13.64B | −$1.15B | −7.77% |
| 2020 | 2020-12-31 | $14.79B | −$393.0M | −2.59% |
| 2019 | 2019-12-31 | $15.18B | −$178.0M | −1.16% |
| 2018 | 2018-12-31 | $15.36B | −$997.0M | −6.09% |
| 2017 | 2017-12-31 | $16.36B | $3.95B | +31.83% |
| 2016 | 2016-12-31 | $12.41B | $221.0M | +1.81% |
| 2015 | 2015-12-31 | $12.19B | −$220.0M | −1.77% |
| 2014 | 2014-12-31 | $12.41B | $1.12B | +9.91% |
| 2013 | 2013-12-31 | $11.29B | $1.53B | +15.67% |
| 2012 | 2012-12-31 | $9.76B | −$151.0M | −1.52% |
| 2011 | 2011-12-31 | $9.91B | −$758.0M | −7.10% |
| 2010 | 2010-12-31 | $10.67B | $316.0M | +3.05% |
| 2009 | 2009-12-31 | $10.35B | $746.0M | +7.77% |
| 2008 | 2008-12-31 | $9.61B | −$120.0M | −1.23% |
| 2007 | 2007-12-31 | $9.73B | — | — |
Norfolk Southern quarterly shareholders’ equity
Q4.08
Q3.09
Q4.09
Q1.10
Q2.10
Q3.10
Q4.10
Q1.11
Q2.11
Q3.11
Q4.11
Q1.12
Q2.12
Q3.12
Q4.12
Q1.13
Q2.13
Q3.13
Q4.13
Q1.14
Q2.14
Q3.14
Q4.14
Q1.15
Q2.15
Q3.15
Q4.15
Q1.16
Q2.16
Q3.16
Q4.16
Q1.17
Q2.17
Q3.17
Q4.17
Q1.18
Q2.18
Q3.18
Q4.18
Q1.19
Q2.19
Q3.19
Q4.19
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Shareholders’ equity | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $16.25B | $1.47B | +9.91% |
| Q1 2026 | 2026-03-31 | $15.80B | $1.29B | +8.91% |
| Q4 2025 | 2025-12-31 | $15.55B | $1.24B | +8.67% |
| Q3 2025 | 2025-09-30 | $15.14B | $1.36B | +9.84% |
| Q2 2025 | 2025-06-30 | $14.79B | $1.81B | +13.93% |
| Q1 2025 | 2025-03-31 | $14.51B | $1.98B | +15.75% |
| Q4 2024 | 2024-12-31 | $14.31B | $1.52B | +11.93% |
| Q3 2024 | 2024-09-30 | $13.79B | $1.17B | +9.27% |
| Q2 2024 | 2024-06-30 | $12.98B | $339.0M | +2.68% |
| Q1 2024 | 2024-03-31 | $12.54B | −$191.0M | −1.50% |
| Q4 2023 | 2023-12-31 | $12.78B | $48.0M | +0.38% |
| Q3 2023 | 2023-09-30 | $12.62B | −$409.0M | −3.14% |
| Q2 2023 | 2023-06-30 | $12.64B | −$514.0M | −3.91% |
| Q1 2023 | 2023-03-31 | $12.73B | −$734.0M | −5.45% |
| Q4 2022 | 2022-12-31 | $12.73B | −$908.0M | −6.66% |
| Q3 2022 | 2022-09-30 | $13.02B | −$863.0M | −6.21% |
| Q2 2022 | 2022-06-30 | $13.15B | −$1.16B | −8.12% |
| Q1 2022 | 2022-03-31 | $13.46B | −$1.18B | −8.07% |
| Q4 2021 | 2021-12-31 | $13.64B | −$1.15B | −7.77% |
| Q3 2021 | 2021-09-30 | $13.89B | −$1.05B | −7.05% |
| Q2 2021 | 2021-06-30 | $14.32B | −$544.0M | −3.66% |
| Q1 2021 | 2021-03-31 | $14.64B | −$241.0M | −1.62% |
| Q4 2020 | 2020-12-31 | $14.79B | −$393.0M | −2.59% |
| Q3 2020 | 2020-09-30 | $14.94B | −$297.0M | −1.95% |
| Q2 2020 | 2020-06-30 | $14.86B | −$450.0M | −2.94% |
| Q1 2020 | 2020-03-31 | $14.88B | −$447.0M | −2.92% |
| Q4 2019 | 2019-12-31 | $15.18B | −$178.0M | −1.16% |
| Q3 2019 | 2019-09-30 | $15.24B | −$242.0M | −1.56% |
| Q2 2019 | 2019-06-30 | $15.31B | −$1.25B | −7.54% |
| Q1 2019 | 2019-03-31 | $15.33B | −$1.09B | −6.62% |
| Q4 2018 | 2018-12-31 | $15.36B | −$997.0M | −6.09% |
| Q3 2018 | 2018-09-30 | $15.48B | $2.75B | +21.63% |
| Q2 2018 | 2018-06-30 | $16.56B | $3.90B | +30.78% |
| Q1 2018 | 2018-03-31 | $16.42B | $3.89B | +31.06% |
| Q4 2017 | 2017-12-31 | $16.36B | $3.95B | +31.83% |
| Q3 2017 | 2017-09-30 | $12.73B | $331.0M | +2.67% |
| Q2 2017 | 2017-06-30 | $12.66B | $389.0M | +3.17% |
| Q1 2017 | 2017-03-31 | $12.53B | $304.0M | +2.49% |
| Q4 2016 | 2016-12-31 | $12.41B | $221.0M | +1.81% |
| Q3 2016 | 2016-09-30 | $12.40B | $267.0M | +2.20% |
| Q2 2016 | 2016-06-30 | $12.27B | $196.0M | +1.62% |
| Q1 2016 | 2016-03-31 | $12.22B | $65.0M | +0.53% |
| Q4 2015 | 2015-12-31 | $12.19B | −$220.0M | −1.77% |
| Q3 2015 | 2015-09-30 | $12.13B | −$310.0M | −2.49% |
| Q2 2015 | 2015-06-30 | $12.08B | $0 | 0.00% |
| Q1 2015 | 2015-03-31 | $12.16B | $465.0M | +3.98% |
| Q4 2014 | 2014-12-31 | $12.41B | $1.12B | +9.91% |
| Q3 2014 | 2014-09-30 | $12.44B | $2.15B | +20.84% |
| Q2 2014 | 2014-06-30 | $12.08B | $1.89B | +18.54% |
| Q1 2014 | 2014-03-31 | $11.69B | $1.58B | +15.66% |
| Q4 2013 | 2013-12-31 | $11.29B | $1.53B | +15.67% |
| Q3 2013 | 2013-09-30 | $10.29B | $527.0M | +5.40% |
| Q2 2013 | 2013-06-30 | $10.19B | $410.0M | +4.19% |
| Q1 2013 | 2013-03-31 | $10.11B | $295.0M | +3.01% |
| Q4 2012 | 2012-12-31 | $9.76B | −$151.0M | −1.52% |
| Q3 2012 | 2012-09-30 | $9.77B | −$488.0M | −4.76% |
| Q2 2012 | 2012-06-30 | $9.78B | −$849.0M | −7.99% |
| Q1 2012 | 2012-03-31 | $9.81B | −$786.0M | −7.41% |
| Q4 2011 | 2011-12-31 | $9.91B | −$758.0M | −7.10% |
| Q3 2011 | 2011-09-30 | $10.26B | −$534.0M | −4.95% |
| Q2 2011 | 2011-06-30 | $10.63B | −$134.0M | −1.25% |
| Q1 2011 | 2011-03-31 | $10.60B | $37.0M | +0.35% |
| Q4 2010 | 2010-12-31 | $10.67B | $316.0M | +3.05% |
| Q3 2010 | 2010-09-30 | $10.79B | $723.0M | +7.18% |
| Q2 2010 | 2010-06-30 | $10.76B | — | — |
| Q1 2010 | 2010-03-31 | $10.56B | — | — |
| Q4 2009 | 2009-12-31 | $10.35B | $746.0M | +7.77% |
| Q3 2009 | 2009-09-30 | $10.07B | — | — |
| Q4 2008 | 2008-12-31 | $9.61B | — | — |
Norfolk Southern shareholders’ equity trends
Over the last five fiscal years, Norfolk Southern's shareholders’ equity increased from $14.79B to $15.55B, a change of $756.0M. The latest reported quarter, Q2 2026, shows $16.25B.
About the metric
What shareholders’ equity means
Shareholders’ equity is the residual accounting value attributable to shareholders after liabilities are subtracted from assets. It can change through earnings, losses, dividends, share issuance, repurchases, and other comprehensive income.
Calculation and source
SEC-reported shareholders’ equity
TickerStat standardizes stockholders’ or shareholders’ equity reported in company SEC filings at each balance-sheet date. Negative equity is retained because it can be economically meaningful. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Norfolk Southern source filings ↗