Norfolk Southern net income 1985–2026What is an income statement? The income statement shows a company's revenue, costs and profit over a quarter or a year, from sales at the top to net income at the bottom.
Norfolk Southern earned 759.00M USD in Q3 FY2026, the three months to 30 September 2026, up 6.8% on the same quarter a year before. Norfolk Southern's net income over the last twelve months was 2.68B USD, down 9.4% on the twelve months before. In fiscal year 2025 it earned 2.87B USD, up 9.6% on the year before.
Last updated 8 Nov 2026 · Next report 28 Jan 2027
Net income
Growth
| Fiscal year | Period ending | Net income | Growth | Net margin | Revenue |
|---|---|---|---|---|---|
| TTM | 30 Sept 2026 | 2.68B | -9.39% | 20.71% | 12.96B |
| FY2025 | 31 Dec 2025 | 2.87B | +9.57% | 23.59% | 12.18B |
| FY2024 | 31 Dec 2024 | 2.62B | +43.51% | 21.63% | 12.12B |
| FY2023 | 31 Dec 2023 | 1.83B | -44.13% | 15.03% | 12.16B |
| FY2022 | 31 Dec 2022 | 3.27B | +8.82% | 25.66% | 12.75B |
| FY2021 | 31 Dec 2021 | 3.01B | +49.28% | 26.97% | 11.14B |
| FY2020 | 31 Dec 2020 | 2.01B | -26.05% | 20.56% | 9.79B |
| FY2019 | 31 Dec 2019 | 2.72B | +2.10% | 24.10% | 11.30B |
| FY2018 | 31 Dec 2018 | 2.67B | -50.67% | 23.27% | 11.46B |
| FY2017 | 31 Dec 2017 | 5.40B | +223.98% | 51.22% | 10.55B |
| FY2016 | 31 Dec 2016 | 1.67B | +7.20% | 16.87% | 9.89B |
| FY2015 | 31 Dec 2015 | 1.56B | -22.20% | 14.80% | 10.51B |
| FY2014 | 31 Dec 2014 | 2.00B | +4.71% | 17.21% | 11.62B |
| FY2013 | 31 Dec 2013 | 1.91B | +9.21% | 16.99% | 11.25B |
| FY2012 | 31 Dec 2012 | 1.75B | -8.72% | 15.84% | 11.04B |
| FY2011 | 31 Dec 2011 | 1.92B | +28.07% | 17.15% | 11.17B |
| FY2010 | 31 Dec 2010 | 1.50B | +44.68% | 15.72% | 9.52B |
| FY2009 | 31 Dec 2009 | 1.03B | -39.74% | 12.98% | 7.97B |
| FY2008 | 31 Dec 2008 | 1.72B | +17.21% | 16.10% | 10.66B |
| FY2007 | 31 Dec 2007 | 1.46B | -1.15% | 15.52% | 9.43B |
| FY2006 | 31 Dec 2006 | 1.48B | +15.61% | 15.74% | 9.41B |
| FY2005 | 31 Dec 2005 | 1.28B | +38.79% | 15.02% | 8.53B |
| FY2004 | 31 Dec 2004 | 923.00M | +72.52% | 12.62% | 7.31B |
| FY2003 | 31 Dec 2003 | 535.00M | +16.30% | 8.27% | 6.47B |
| FY2002 | 31 Dec 2002 | 460.00M | +22.67% | 7.34% | 6.27B |
| FY2001 | 31 Dec 2001 | 375.00M | +118.02% | 6.08% | 6.17B |
| FY2000 | 31 Dec 2000 | 172.00M | -28.03% | 2.79% | 6.16B |
| FY1999 | 31 Dec 1999 | 239.00M | -67.44% | 4.60% | 5.20B |
| FY1998 | 31 Dec 1998 | 734.00M | +1.80% | 17.39% | 4.22B |
| FY1997 | 31 Dec 1997 | 721.00M | -6.41% | 17.07% | 4.22B |
| FY1996 | 31 Dec 1996 | 770.40M | +8.10% | 16.15% | 4.77B |
| FY1995 | 31 Dec 1995 | 712.70M | +6.72% | 15.27% | 4.67B |
| FY1994 | 31 Dec 1994 | 667.80M | -13.50% | 14.58% | 4.58B |
| FY1993 | 31 Dec 1993 | 772.00M | +38.43% | 17.31% | 4.46B |
| FY1992 | 31 Dec 1992 | 557.70M | +1,777.78% | 12.11% | 4.61B |
| FY1991 | 31 Dec 1991 | 29.70M | -94.66% | 0.67% | 4.45B |
| FY1990 | 31 Dec 1990 | 556.10M | -8.26% | 12.04% | 4.62B |
| FY1989 | 31 Dec 1989 | 606.20M | -4.55% | 13.36% | 4.54B |
| FY1988 | 31 Dec 1988 | 635.10M | +268.39% | 14.23% | 4.46B |
| FY1987 | 31 Dec 1987 | 172.40M | -66.76% | 4.19% | 4.11B |
| FY1986 | 31 Dec 1986 | 518.70M | +3.70% | 12.72% | 4.08B |
| FY1985 | 31 Dec 1985 | 500.20M | — | 13.08% | 3.83B |
| Quarter | Period ending | Net income | Growth on a year before | Net margin | Revenue |
|---|---|---|---|---|---|
| Q3 FY2026 | 30 Sept 2026 | 759.00M | +6.75% | 21.53% | 3.53B |
| Q2 FY2026 | 30 Jun 2026 | 734.00M | -4.43% | 21.18% | 3.47B |
| Q1 FY2026 | 31 Mar 2026 | 547.00M | -27.07% | 18.25% | 3.00B |
| Q4 FY2025 | 31 Dec 2025 | 644.00M | -12.14% | 21.65% | 2.97B |
| Q3 FY2025 | 30 Sept 2025 | 711.00M | -35.30% | 22.91% | 3.10B |
| Q2 FY2025 | 30 Jun 2025 | 768.00M | +4.21% | 24.69% | 3.11B |
| Q1 FY2025 | 31 Mar 2025 | 750.00M | +1,315.09% | 25.06% | 2.99B |
| Q4 FY2024 | 31 Dec 2024 | 733.00M | +39.09% | 24.24% | 3.02B |
| Q3 FY2024 | 30 Sept 2024 | 1.10B | +129.92% | 36.02% | 3.05B |
| Q2 FY2024 | 30 Jun 2024 | 737.00M | +107.02% | 24.21% | 3.04B |
| Q1 FY2024 | 31 Mar 2024 | 53.00M | -88.63% | 1.76% | 3.00B |
| Q4 FY2023 | 31 Dec 2023 | 527.00M | -33.29% | 17.15% | 3.07B |
| Q3 FY2023 | 30 Sept 2023 | 478.00M | -50.10% | 16.09% | 2.97B |
| Q2 FY2023 | 30 Jun 2023 | 356.00M | -56.53% | 11.95% | 2.98B |
| Q1 FY2023 | 31 Mar 2023 | 466.00M | -33.71% | 14.88% | 3.13B |
| Q4 FY2022 | 31 Dec 2022 | 790.00M | +3.95% | 24.41% | 3.24B |
| Q3 FY2022 | 30 Sept 2022 | 958.00M | +27.22% | 28.66% | 3.34B |
| Q2 FY2022 | 30 Jun 2022 | 819.00M | 0.00% | 25.20% | 3.25B |
| Q1 FY2022 | 31 Mar 2022 | 703.00M | +4.46% | 24.12% | 2.92B |
| Q4 FY2021 | 31 Dec 2021 | 760.00M | +13.26% | 26.65% | 2.85B |
| Q3 FY2021 | 30 Sept 2021 | 753.00M | +32.34% | 26.40% | 2.85B |
| Q2 FY2021 | 30 Jun 2021 | 819.00M | +108.93% | 29.26% | 2.80B |
| Q1 FY2021 | 31 Mar 2021 | 673.00M | +76.64% | 25.50% | 2.64B |
| Q4 FY2020 | 31 Dec 2020 | 671.00M | +0.75% | 26.08% | 2.57B |
| Q3 FY2020 | 30 Sept 2020 | 569.00M | -13.39% | 22.71% | 2.51B |
| Q2 FY2020 | 30 Jun 2020 | 392.00M | -45.71% | 18.80% | 2.09B |
| Q1 FY2020 | 31 Mar 2020 | 381.00M | -43.72% | 14.51% | 2.63B |
| Q4 FY2019 | 31 Dec 2019 | 666.00M | -5.13% | 24.76% | 2.69B |
| Q3 FY2019 | 30 Sept 2019 | 657.00M | -6.41% | 23.13% | 2.84B |
| Q2 FY2019 | 30 Jun 2019 | 722.00M | +1.69% | 24.68% | 2.93B |
| Q1 FY2019 | 31 Mar 2019 | 677.00M | +22.64% | 23.84% | 2.84B |
| Q4 FY2018 | 31 Dec 2018 | 702.00M | -82.31% | 24.24% | 2.90B |
| Q3 FY2018 | 30 Sept 2018 | 702.00M | +38.74% | 23.82% | 2.95B |
| Q2 FY2018 | 30 Jun 2018 | 710.00M | +42.86% | 24.50% | 2.90B |
| Q1 FY2018 | 31 Mar 2018 | 552.00M | +27.48% | 20.32% | 2.72B |
| Q4 FY2017 | 31 Dec 2017 | 3.97B | +853.85% | 148.67% | 2.67B |
| Q3 FY2017 | 30 Sept 2017 | 506.00M | +10.00% | 18.95% | 2.67B |
| Q2 FY2017 | 30 Jun 2017 | 497.00M | +22.72% | 18.85% | 2.64B |
| Q1 FY2017 | 31 Mar 2017 | 433.00M | +11.89% | 16.82% | 2.58B |
| Q4 FY2016 | 31 Dec 2016 | 416.00M | +15.24% | 16.71% | 2.49B |
| Q3 FY2016 | 30 Sept 2016 | 460.00M | +1.77% | 18.23% | 2.52B |
| Q2 FY2016 | 30 Jun 2016 | 405.00M | -6.47% | 16.50% | 2.45B |
| Q1 FY2016 | 31 Mar 2016 | 387.00M | +24.84% | 15.99% | 2.42B |
| Q4 FY2015 | 31 Dec 2015 | 361.00M | -29.35% | 14.34% | 2.52B |
| Q3 FY2015 | 30 Sept 2015 | 452.00M | -19.14% | 16.66% | 2.71B |
| Q2 FY2015 | 30 Jun 2015 | 433.00M | -22.95% | 15.96% | 2.71B |
| Q1 FY2015 | 31 Mar 2015 | 310.00M | -15.76% | 12.08% | 2.57B |
| Q4 FY2014 | 31 Dec 2014 | 511.00M | -0.39% | 17.80% | 2.87B |
| Q3 FY2014 | 30 Sept 2014 | 559.00M | +15.98% | 18.49% | 3.02B |
| Q2 FY2014 | 30 Jun 2014 | 562.00M | +20.86% | 18.47% | 3.04B |
| Q1 FY2014 | 31 Mar 2014 | 368.00M | -18.22% | 13.69% | 2.69B |
| Q4 FY2013 | 31 Dec 2013 | 513.00M | +24.21% | 17.81% | 2.88B |
| Q3 FY2013 | 30 Sept 2013 | 482.00M | +19.90% | 17.07% | 2.82B |
| Q2 FY2013 | 30 Jun 2013 | 465.00M | -11.26% | 16.60% | 2.80B |
| Q1 FY2013 | 31 Mar 2013 | 450.00M | +9.76% | 16.44% | 2.74B |
| Q4 FY2012 | 31 Dec 2012 | 413.00M | -13.96% | 15.39% | 2.68B |
| Q3 FY2012 | 30 Sept 2012 | 402.00M | -27.44% | 14.93% | 2.69B |
| Q2 FY2012 | 30 Jun 2012 | 524.00M | -5.92% | 18.23% | 2.87B |
| Q1 FY2012 | 31 Mar 2012 | 410.00M | +26.15% | 14.70% | 2.79B |
| Q4 FY2011 | 31 Dec 2011 | 480.00M | +19.40% | 17.16% | 2.80B |
| Q3 FY2011 | 30 Sept 2011 | 554.00M | +24.49% | 19.18% | 2.89B |
| Q2 FY2011 | 30 Jun 2011 | 557.00M | +42.09% | 19.43% | 2.87B |
| Q1 FY2011 | 31 Mar 2011 | 325.00M | +26.46% | 12.40% | 2.62B |
| Q4 FY2010 | 31 Dec 2010 | 402.00M | +30.94% | 16.81% | 2.39B |
| Q3 FY2010 | 30 Sept 2010 | 445.00M | +46.86% | 18.12% | 2.46B |
| Q2 FY2010 | 30 Jun 2010 | 392.00M | +58.70% | 16.13% | 2.43B |
| Q1 FY2010 | 31 Mar 2010 | 257.00M | +45.20% | 11.48% | 2.24B |
| Q4 FY2009 | 31 Dec 2009 | 307.00M | -32.08% | 14.58% | 2.11B |
| Q3 FY2009 | 30 Sept 2009 | 303.00M | -41.73% | 14.69% | 2.06B |
| Q2 FY2009 | 30 Jun 2009 | 247.00M | -45.47% | 13.30% | 1.86B |
| Q1 FY2009 | 31 Mar 2009 | 177.00M | -39.18% | 9.11% | 1.94B |
| Q4 FY2008 | 31 Dec 2008 | 452.00M | +13.28% | 18.07% | 2.50B |
| Q3 FY2008 | 30 Sept 2008 | 520.00M | +34.72% | 17.97% | 2.89B |
| Q2 FY2008 | 30 Jun 2008 | 453.00M | +14.97% | 16.38% | 2.77B |
| Q1 FY2008 | 31 Mar 2008 | 291.00M | +2.11% | 11.64% | 2.50B |
| Q4 FY2007 | 31 Dec 2007 | 399.00M | +3.64% | 16.26% | 2.45B |
| Q3 FY2007 | 30 Sept 2007 | 386.00M | -7.21% | 16.40% | 2.35B |
| Q2 FY2007 | 30 Jun 2007 | 394.00M | +5.07% | 16.57% | 2.38B |
| Q1 FY2007 | 31 Mar 2007 | 285.00M | -6.56% | 12.68% | 2.25B |
| Q4 FY2006 | 31 Dec 2006 | 385.00M | +6.35% | 16.60% | 2.32B |
| Q3 FY2006 | 30 Sept 2006 | 416.00M | +38.21% | 17.38% | 2.39B |
| Q2 FY2006 | 30 Jun 2006 | 375.00M | -11.56% | 15.68% | 2.39B |
| Q1 FY2006 | 31 Mar 2006 | 305.00M | +57.22% | 13.24% | 2.30B |
| Q4 FY2005 | 31 Dec 2005 | 362.00M | +37.12% | 16.04% | 2.26B |
| Q3 FY2005 | 30 Sept 2005 | 301.00M | +4.51% | 13.97% | 2.16B |
| Q2 FY2005 | 30 Jun 2005 | 424.00M | +99.06% | 19.68% | 2.15B |
| Q1 FY2005 | 31 Mar 2005 | 194.00M | +22.78% | 9.89% | 1.96B |
| Q4 FY2004 | 31 Dec 2004 | 264.00M | +407.69% | 13.55% | 1.95B |
| Q3 FY2004 | 30 Sept 2004 | 288.00M | +110.22% | 15.51% | 1.86B |
| Q2 FY2004 | 30 Jun 2004 | 213.00M | +55.47% | 11.75% | 1.81B |
| Q1 FY2004 | 31 Mar 2004 | 158.00M | -24.40% | 9.33% | 1.69B |
| Q4 FY2003 | 31 Dec 2003 | 52.00M | -59.69% | 3.10% | 1.68B |
| Q3 FY2003 | 30 Sept 2003 | 137.00M | +8.73% | 8.57% | 1.60B |
| Q2 FY2003 | 30 Jun 2003 | 137.00M | +15.13% | 8.39% | 1.63B |
| Q1 FY2003 | 31 Mar 2003 | 209.00M | +143.02% | 13.39% | 1.56B |
| Q4 FY2002 | 31 Dec 2002 | 129.00M | +12.17% | 8.16% | 1.58B |
| Q3 FY2002 | 30 Sept 2002 | 126.00M | +59.49% | 7.88% | 1.60B |
| Q2 FY2002 | 30 Jun 2002 | 119.00M | +11.21% | 7.47% | 1.59B |
| Q1 FY2002 | 31 Mar 2002 | 86.00M | +16.22% | 5.74% | 1.50B |
| Q4 FY2001 | 31 Dec 2001 | 115.00M | +2,200.00% | 7.52% | 1.53B |
| Q3 FY2001 | 30 Sept 2001 | 79.00M | -20.20% | 5.24% | 1.51B |
| Q2 FY2001 | 30 Jun 2001 | 107.00M | -7.76% | 6.72% | 1.59B |
| Q1 FY2001 | 31 Mar 2001 | 74.00M | — | 4.81% | 1.54B |
| Q4 FY2000 | 31 Dec 2000 | 5.00M | -83.87% | 0.32% | 1.57B |
| Q3 FY2000 | 30 Sept 2000 | 99.00M | +421.05% | 6.53% | 1.52B |
| Q2 FY2000 | 30 Jun 2000 | 116.00M | +50.65% | 7.35% | 1.58B |
| Q1 FY2000 | 31 Mar 2000 | -48.00M | -142.86% | -3.21% | 1.50B |
| Q4 FY1999 | 31 Dec 1999 | 31.00M | -80.63% | 2.11% | 1.47B |
| Q3 FY1999 | 30 Sept 1999 | 19.00M | -87.97% | 1.27% | 1.50B |
| Q2 FY1999 | 30 Jun 1999 | 77.00M | -58.82% | 6.45% | 1.19B |
| Q1 FY1999 | 31 Mar 1999 | 112.00M | -51.09% | 10.87% | 1.03B |
| Q4 FY1998 | 31 Dec 1998 | 160.00M | -28.44% | 15.56% | 1.03B |
| Q3 FY1998 | 30 Sept 1998 | 158.00M | -11.98% | 15.08% | 1.05B |
| Q2 FY1998 | 30 Jun 1998 | 187.00M | -1.63% | 17.33% | 1.08B |
| Q1 FY1998 | 31 Mar 1998 | 229.00M | +79.19% | 21.48% | 1.07B |
| Q4 FY1997 | 31 Dec 1997 | 223.60M | +11.52% | 65.40% | 341.90M |
| Q3 FY1997 | 30 Sept 1997 | 179.50M | -11.27% | 13.52% | 1.33B |
| Q2 FY1997 | 30 Jun 1997 | 190.10M | -4.71% | 14.58% | 1.30B |
| Q1 FY1997 | 31 Mar 1997 | 127.80M | -23.97% | 10.23% | 1.25B |
| Q4 FY1996 | 31 Dec 1996 | 200.50M | +13.34% | 16.99% | 1.18B |
| Q3 FY1996 | 30 Sept 1996 | 202.30M | +10.01% | 16.70% | 1.21B |
| Q2 FY1996 | 30 Jun 1996 | 199.50M | +10.10% | 16.39% | 1.22B |
| Q1 FY1996 | 31 Mar 1996 | 168.10M | -1.52% | 14.47% | 1.16B |
| Q4 FY1995 | 31 Dec 1995 | 176.90M | +0.45% | 15.31% | 1.16B |
| Q3 FY1995 | 30 Sept 1995 | 183.90M | +9.27% | 15.53% | 1.18B |
| Q2 FY1995 | 30 Jun 1995 | 181.20M | +1.51% | 15.22% | 1.19B |
| Q1 FY1995 | 31 Mar 1995 | 170.70M | +17.81% | 14.99% | 1.14B |
| Q4 FY1994 | 31 Dec 1994 | 176.10M | +10.48% | 15.03% | 1.17B |
| Q3 FY1994 | 30 Sept 1994 | 168.30M | +76.79% | 14.37% | 1.17B |
| Q2 FY1994 | 30 Jun 1994 | 178.50M | +15.01% | 15.37% | 1.16B |
| Q1 FY1994 | 31 Mar 1994 | 144.90M | -59.97% | 13.46% | 1.08B |
| Q4 FY1993 | 31 Dec 1993 | 159.40M | +24.34% | 14.69% | 1.09B |
| Q3 FY1993 | 30 Sept 1993 | 95.20M | -34.71% | 8.74% | 1.09B |
| Q2 FY1993 | 30 Jun 1993 | 155.20M | +7.03% | 13.26% | 1.17B |
| Q1 FY1993 | 31 Mar 1993 | 362.00M | +160.99% | 32.45% | 1.12B |
| Q4 FY1992 | 31 Dec 1992 | 128.20M | — | 10.93% | 1.17B |
| Q3 FY1992 | 30 Sept 1992 | 145.80M | -2.99% | 12.27% | 1.19B |
| Q2 FY1992 | 30 Jun 1992 | 145.00M | +8.21% | 12.64% | 1.15B |
| Q1 FY1992 | 31 Mar 1992 | 138.70M | +38.70% | 12.63% | 1.10B |
| Q4 FY1991 | 31 Dec 1991 | -354.60M | -402.82% | -32.09% | 1.10B |
| Q3 FY1991 | 30 Sept 1991 | 150.30M | +5.18% | 12.87% | 1.17B |
| Q2 FY1991 | 30 Jun 1991 | 134.00M | -14.05% | 12.03% | 1.11B |
| Q1 FY1991 | 31 Mar 1991 | 100.00M | -28.67% | 9.39% | 1.07B |
| Q4 FY1990 | 31 Dec 1990 | 117.10M | -20.99% | 10.42% | 1.12B |
| Q3 FY1990 | 30 Sept 1990 | 142.90M | -5.05% | 12.16% | 1.18B |
| Q2 FY1990 | 30 Jun 1990 | 155.90M | -10.30% | 13.22% | 1.18B |
| Q1 FY1990 | 31 Mar 1990 | 140.20M | +4.78% | 12.32% | 1.14B |
| Q4 FY1989 | 31 Dec 1989 | 148.20M | -17.21% | 13.38% | 1.11B |
| Q3 FY1989 | 30 Sept 1989 | 150.50M | -16.11% | 13.18% | 1.14B |
| Q2 FY1989 | 30 Jun 1989 | 173.80M | +9.86% | 14.80% | 1.17B |
| Q1 FY1989 | 31 Mar 1989 | 133.80M | +12.91% | 12.03% | 1.11B |
| Q4 FY1988 | 31 Dec 1988 | 179.00M | +3.05% | 15.44% | 1.16B |
| Q3 FY1988 | 30 Sept 1988 | 179.40M | — | 15.43% | 1.16B |
| Q2 FY1988 | 30 Jun 1988 | 158.20M | +29.25% | 14.25% | 1.11B |
| Q1 FY1988 | 31 Mar 1988 | 118.50M | -5.05% | 11.46% | 1.03B |
| Q4 FY1987 | 31 Dec 1987 | 173.70M | +20.46% | 16.39% | 1.06B |
| Q3 FY1987 | 30 Sept 1987 | -248.50M | -294.44% | -24.12% | 1.03B |
| Q2 FY1987 | 30 Jun 1987 | 122.40M | -14.41% | 11.73% | 1.04B |
| Q1 FY1987 | 31 Mar 1987 | 124.80M | +20.35% | 12.74% | 979.50M |
| Q4 FY1986 | 31 Dec 1986 | 144.20M | +20.07% | 13.87% | 1.04B |
| Q3 FY1986 | 30 Sept 1986 | 127.80M | -9.75% | 12.72% | 1.00B |
| Q2 FY1986 | 30 Jun 1986 | 143.00M | — | 13.62% | 1.05B |
| Q1 FY1986 | 31 Mar 1986 | 103.70M | — | 12.10% | 857.20M |
| Q4 FY1985 | 31 Dec 1985 | 120.10M | — | 11.80% | 1.02B |
| Q3 FY1985 | 30 Sept 1985 | 141.60M | — | 13.69% | 1.03B |
Figures in USD. Shares and EPS are adjusted for stock splits. Quarterly growth is on the same quarter a year before; TTM is the last four quarters.
See also:Revenue,EPS,Shares outstanding,Operating income,Cash on hand,Total debt,Free cash flow,Stock buybacks,Income statement
Common questions about Norfolk Southern's profit
Source: Financial Modeling Prep
