Norfolk Southern revenue 1985–2026What is revenue? Revenue is the money a company brings in from selling its goods and services over a period, before any costs. It is the top line of the income statement.
Norfolk Southern's revenue in Q3 FY2026, the three months to 30 September 2026, was 3.53B USD, up 13.6% on the same quarter a year before. Norfolk Southern's revenue over the last twelve months was 12.96B USD, up 6.0% on the twelve months before. In fiscal year 2025 it was 12.18B USD, up 0.5% on the year before.
Last updated 8 Nov 2026 · Next report 28 Jan 2027
Revenue
Growth
| Fiscal year | Period ending | Revenue | Growth | Gross profit | Net income |
|---|---|---|---|---|---|
| TTM | 30 Sept 2026 | 12.96B | +5.99% | 6.85B | 2.68B |
| FY2025 | 31 Dec 2025 | 12.18B | +0.47% | 5.17B | 2.87B |
| FY2024 | 31 Dec 2024 | 12.12B | -0.27% | 3.76B | 2.62B |
| FY2023 | 31 Dec 2023 | 12.16B | -4.62% | 2.81B | 1.83B |
| FY2022 | 31 Dec 2022 | 12.75B | +14.39% | 4.73B | 3.27B |
| FY2021 | 31 Dec 2021 | 11.14B | +13.82% | 4.37B | 3.01B |
| FY2020 | 31 Dec 2020 | 9.79B | -13.34% | 3.40B | 2.01B |
| FY2019 | 31 Dec 2019 | 11.30B | -1.41% | 3.89B | 2.72B |
| FY2018 | 31 Dec 2018 | 11.46B | +8.60% | 3.96B | 2.67B |
| FY2017 | 31 Dec 2017 | 10.55B | +6.71% | 3.52B | 5.40B |
| FY2016 | 31 Dec 2016 | 9.89B | -5.93% | 3.07B | 1.67B |
| FY2015 | 31 Dec 2015 | 10.51B | -9.58% | 2.88B | 1.56B |
| FY2014 | 31 Dec 2014 | 11.62B | +3.37% | 3.57B | 2.00B |
| FY2013 | 31 Dec 2013 | 11.25B | +1.86% | 3.25B | 1.91B |
| FY2012 | 31 Dec 2012 | 11.04B | -1.18% | 3.12B | 1.75B |
| FY2011 | 31 Dec 2011 | 11.17B | +17.40% | 3.21B | 1.92B |
| FY2010 | 31 Dec 2010 | 9.52B | +19.41% | 2.67B | 1.50B |
| FY2009 | 31 Dec 2009 | 7.97B | -25.25% | 1.96B | 1.03B |
| FY2008 | 31 Dec 2008 | 10.66B | +13.03% | 3.08B | 1.72B |
| FY2007 | 31 Dec 2007 | 9.43B | +0.27% | 2.57B | 1.46B |
| FY2006 | 31 Dec 2006 | 9.41B | +10.32% | 2.56B | 1.48B |
| FY2005 | 31 Dec 2005 | 8.53B | +16.62% | 2.60B | 1.28B |
| FY2004 | 31 Dec 2004 | 7.31B | +13.05% | 2.07B | 923.00M |
| FY2003 | 31 Dec 2003 | 6.47B | +3.16% | 3.64B | 535.00M |
| FY2002 | 31 Dec 2002 | 6.27B | +1.62% | 3.89B | 460.00M |
| FY2001 | 31 Dec 2001 | 6.17B | +0.18% | 3.75B | 375.00M |
| FY2000 | 31 Dec 2000 | 6.16B | +18.56% | 3.62B | 172.00M |
| FY1999 | 31 Dec 1999 | 5.20B | +23.08% | 3.26B | 239.00M |
| FY1998 | 31 Dec 1998 | 4.22B | -0.05% | 3.95B | 734.00M |
| FY1997 | 31 Dec 1997 | 4.22B | -11.47% | 3.87B | 721.00M |
| FY1996 | 31 Dec 1996 | 4.77B | +2.19% | 3.66B | 770.40M |
| FY1995 | 31 Dec 1995 | 4.67B | +1.89% | 3.61B | 712.70M |
| FY1994 | 31 Dec 1994 | 4.58B | +2.72% | 3.48B | 667.80M |
| FY1993 | 31 Dec 1993 | 4.46B | -3.18% | 2.78B | 772.00M |
| FY1992 | 31 Dec 1992 | 4.61B | +3.49% | 2.78B | 557.70M |
| FY1991 | 31 Dec 1991 | 4.45B | -3.59% | 862.60M | 29.70M |
| FY1990 | 31 Dec 1990 | 4.62B | +1.79% | 1.59B | 556.10M |
| FY1989 | 31 Dec 1989 | 4.54B | +1.67% | 1.58B | 606.20M |
| FY1988 | 31 Dec 1988 | 4.46B | +8.48% | 2.44B | 635.10M |
| FY1987 | 31 Dec 1987 | 4.11B | +0.89% | 1.38B | 172.40M |
| FY1986 | 31 Dec 1986 | 4.08B | +6.57% | 1.37B | 518.70M |
| FY1985 | 31 Dec 1985 | 3.83B | — | 1.32B | 500.20M |
| Quarter | Period ending | Revenue | Growth on a year before | Gross profit | Net income |
|---|---|---|---|---|---|
| Q3 FY2026 | 30 Sept 2026 | 3.53B | +13.63% | 1.15B | 759.00M |
| Q2 FY2026 | 30 Jun 2026 | 3.47B | +11.41% | 2.32B | 734.00M |
| Q1 FY2026 | 31 Mar 2026 | 3.00B | +0.17% | 1.29B | 547.00M |
| Q4 FY2025 | 31 Dec 2025 | 2.97B | -1.65% | 2.10B | 644.00M |
| Q3 FY2025 | 30 Sept 2025 | 3.10B | +1.70% | 1.03B | 711.00M |
| Q2 FY2025 | 30 Jun 2025 | 3.11B | +2.17% | 1.10B | 768.00M |
| Q1 FY2025 | 31 Mar 2025 | 2.99B | -0.37% | 938.00M | 750.00M |
| Q4 FY2024 | 31 Dec 2024 | 3.02B | -1.59% | 1.09B | 733.00M |
| Q3 FY2024 | 30 Sept 2024 | 3.05B | +2.69% | 1.26B | 1.10B |
| Q2 FY2024 | 30 Jun 2024 | 3.04B | +2.15% | 1.10B | 737.00M |
| Q1 FY2024 | 31 Mar 2024 | 3.00B | -4.09% | 312.00M | 53.00M |
| Q4 FY2023 | 31 Dec 2023 | 3.07B | -5.07% | 795.00M | 527.00M |
| Q3 FY2023 | 30 Sept 2023 | 2.97B | -11.13% | 748.00M | 478.00M |
| Q2 FY2023 | 30 Jun 2023 | 2.98B | -8.31% | 557.00M | 356.00M |
| Q1 FY2023 | 31 Mar 2023 | 3.13B | +7.44% | 708.00M | 466.00M |
| Q4 FY2022 | 31 Dec 2022 | 3.24B | +13.50% | 1.16B | 790.00M |
| Q3 FY2022 | 30 Sept 2022 | 3.34B | +17.22% | 1.26B | 958.00M |
| Q2 FY2022 | 30 Jun 2022 | 3.25B | +16.11% | 1.24B | 819.00M |
| Q1 FY2022 | 31 Mar 2022 | 2.92B | +10.46% | 1.08B | 703.00M |
| Q4 FY2021 | 31 Dec 2021 | 2.85B | +10.84% | 1.12B | 760.00M |
| Q3 FY2021 | 30 Sept 2021 | 2.85B | +13.81% | 1.13B | 753.00M |
| Q2 FY2021 | 30 Jun 2021 | 2.80B | +34.24% | 1.10B | 819.00M |
| Q1 FY2021 | 31 Mar 2021 | 2.64B | +0.53% | 1.01B | 673.00M |
| Q4 FY2020 | 31 Dec 2020 | 2.57B | -4.35% | 984.00M | 671.00M |
| Q3 FY2020 | 30 Sept 2020 | 2.51B | -11.79% | 840.00M | 569.00M |
| Q2 FY2020 | 30 Jun 2020 | 2.09B | -28.72% | 610.00M | 392.00M |
| Q1 FY2020 | 31 Mar 2020 | 2.63B | -7.57% | 953.00M | 381.00M |
| Q4 FY2019 | 31 Dec 2019 | 2.69B | -7.11% | 962.00M | 666.00M |
| Q3 FY2019 | 30 Sept 2019 | 2.84B | -3.60% | 964.00M | 657.00M |
| Q2 FY2019 | 30 Jun 2019 | 2.93B | +0.93% | 1.07B | 722.00M |
| Q1 FY2019 | 31 Mar 2019 | 2.84B | +4.53% | 966.00M | 677.00M |
| Q4 FY2018 | 31 Dec 2018 | 2.90B | +8.51% | 1.08B | 702.00M |
| Q3 FY2018 | 30 Sept 2018 | 2.95B | +10.37% | 1.02B | 702.00M |
| Q2 FY2018 | 30 Jun 2018 | 2.90B | +9.90% | 1.03B | 710.00M |
| Q1 FY2018 | 31 Mar 2018 | 2.72B | +5.51% | 835.00M | 552.00M |
| Q4 FY2017 | 31 Dec 2017 | 2.67B | +7.19% | 998.00M | 3.97B |
| Q3 FY2017 | 30 Sept 2017 | 2.67B | +5.78% | 895.00M | 506.00M |
| Q2 FY2017 | 30 Jun 2017 | 2.64B | +7.46% | 872.00M | 497.00M |
| Q1 FY2017 | 31 Mar 2017 | 2.58B | +6.40% | 773.00M | 433.00M |
| Q4 FY2016 | 31 Dec 2016 | 2.49B | -1.11% | 761.00M | 416.00M |
| Q3 FY2016 | 30 Sept 2016 | 2.52B | -6.97% | 820.00M | 460.00M |
| Q2 FY2016 | 30 Jun 2016 | 2.45B | -9.55% | 881.00M | 405.00M |
| Q1 FY2016 | 31 Mar 2016 | 2.42B | -5.73% | 917.00M | 387.00M |
| Q4 FY2015 | 31 Dec 2015 | 2.52B | -12.26% | 895.00M | 361.00M |
| Q3 FY2015 | 30 Sept 2015 | 2.71B | -10.25% | 947.00M | 452.00M |
| Q2 FY2015 | 30 Jun 2015 | 2.71B | -10.82% | 932.00M | 433.00M |
| Q1 FY2015 | 31 Mar 2015 | 2.57B | -4.54% | 730.00M | 310.00M |
| Q4 FY2014 | 31 Dec 2014 | 2.87B | -0.38% | 1.12B | 511.00M |
| Q3 FY2014 | 30 Sept 2014 | 3.02B | +7.05% | 1.12B | 559.00M |
| Q2 FY2014 | 30 Jun 2014 | 3.04B | +8.57% | 1.14B | 562.00M |
| Q1 FY2014 | 31 Mar 2014 | 2.69B | -1.79% | 888.00M | 368.00M |
| Q4 FY2013 | 31 Dec 2013 | 2.88B | +7.34% | 1.08B | 513.00M |
| Q3 FY2013 | 30 Sept 2013 | 2.82B | +4.86% | 1.05B | 482.00M |
| Q2 FY2013 | 30 Jun 2013 | 2.80B | -2.51% | 1.05B | 465.00M |
| Q1 FY2013 | 31 Mar 2013 | 2.74B | -1.83% | 909.00M | 450.00M |
| Q4 FY2012 | 31 Dec 2012 | 2.68B | -4.04% | 912.00M | 413.00M |
| Q3 FY2012 | 30 Sept 2012 | 2.69B | -6.78% | 1.69B | 402.00M |
| Q2 FY2012 | 30 Jun 2012 | 2.87B | +0.28% | 1.89B | 524.00M |
| Q1 FY2012 | 31 Mar 2012 | 2.79B | +6.45% | 1.76B | 410.00M |
| Q4 FY2011 | 31 Dec 2011 | 2.80B | +16.93% | 1.76B | 480.00M |
| Q3 FY2011 | 30 Sept 2011 | 2.89B | +17.63% | 1.89B | 554.00M |
| Q2 FY2011 | 30 Jun 2011 | 2.87B | +17.94% | 1.83B | 557.00M |
| Q1 FY2011 | 31 Mar 2011 | 2.62B | +17.07% | 1.58B | 325.00M |
| Q4 FY2010 | 31 Dec 2010 | 2.39B | +13.58% | 1.51B | 402.00M |
| Q3 FY2010 | 30 Sept 2010 | 2.46B | +19.05% | 1.63B | 445.00M |
| Q2 FY2010 | 30 Jun 2010 | 2.43B | +30.86% | 1.61B | 392.00M |
| Q1 FY2010 | 31 Mar 2010 | 2.24B | +15.18% | 1.46B | 257.00M |
| Q4 FY2009 | 31 Dec 2009 | 2.11B | -15.83% | 1.38B | 307.00M |
| Q3 FY2009 | 30 Sept 2009 | 2.06B | -28.71% | 1.37B | 303.00M |
| Q2 FY2009 | 30 Jun 2009 | 1.86B | -32.84% | 1.23B | 247.00M |
| Q1 FY2009 | 31 Mar 2009 | 1.94B | -22.28% | 1.23B | 177.00M |
| Q4 FY2008 | 31 Dec 2008 | 2.50B | +1.96% | 1.63B | 452.00M |
| Q3 FY2008 | 30 Sept 2008 | 2.89B | +22.99% | 1.80B | 520.00M |
| Q2 FY2008 | 30 Jun 2008 | 2.77B | +16.27% | 1.66B | 453.00M |
| Q1 FY2008 | 31 Mar 2008 | 2.50B | +11.26% | 1.48B | 291.00M |
| Q4 FY2007 | 31 Dec 2007 | 2.45B | +5.82% | 1.29B | 399.00M |
| Q3 FY2007 | 30 Sept 2007 | 2.35B | -1.67% | 1.56B | 386.00M |
| Q2 FY2007 | 30 Jun 2007 | 2.38B | -0.59% | 1.59B | 394.00M |
| Q1 FY2007 | 31 Mar 2007 | 2.25B | -2.43% | 1.48B | 285.00M |
| Q4 FY2006 | 31 Dec 2006 | 2.32B | +2.75% | 1.49B | 385.00M |
| Q3 FY2006 | 30 Sept 2006 | 2.39B | +11.04% | 1.55B | 416.00M |
| Q2 FY2006 | 30 Jun 2006 | 2.39B | +11.05% | 1.53B | 375.00M |
| Q1 FY2006 | 31 Mar 2006 | 2.30B | +17.44% | 1.48B | 305.00M |
| Q4 FY2005 | 31 Dec 2005 | 2.26B | +15.80% | 1.46B | 362.00M |
| Q3 FY2005 | 30 Sept 2005 | 2.16B | +16.05% | 1.38B | 301.00M |
| Q2 FY2005 | 30 Jun 2005 | 2.15B | +18.81% | 1.44B | 424.00M |
| Q1 FY2005 | 31 Mar 2005 | 1.96B | +15.83% | 1.23B | 194.00M |
| Q4 FY2004 | 31 Dec 2004 | 1.95B | +16.29% | 1.26B | 264.00M |
| Q3 FY2004 | 30 Sept 2004 | 1.86B | +16.21% | 1.16B | 288.00M |
| Q2 FY2004 | 30 Jun 2004 | 1.81B | +11.02% | 1.02B | 213.00M |
| Q1 FY2004 | 31 Mar 2004 | 1.69B | +8.46% | 918.00M | 158.00M |
| Q4 FY2003 | 31 Dec 2003 | 1.68B | +6.01% | 1.14B | 52.00M |
| Q3 FY2003 | 30 Sept 2003 | 1.60B | 0.00% | 865.00M | 137.00M |
| Q2 FY2003 | 30 Jun 2003 | 1.63B | +2.51% | 860.00M | 137.00M |
| Q1 FY2003 | 31 Mar 2003 | 1.56B | +4.21% | 777.00M | 209.00M |
| Q4 FY2002 | 31 Dec 2002 | 1.58B | +3.33% | 1.44B | 129.00M |
| Q3 FY2002 | 30 Sept 2002 | 1.60B | +5.97% | 829.00M | 126.00M |
| Q2 FY2002 | 30 Jun 2002 | 1.59B | +0.06% | 845.00M | 119.00M |
| Q1 FY2002 | 31 Mar 2002 | 1.50B | -2.73% | 774.00M | 86.00M |
| Q4 FY2001 | 31 Dec 2001 | 1.53B | -2.49% | 1.46B | 115.00M |
| Q3 FY2001 | 30 Sept 2001 | 1.51B | -0.59% | 739.00M | 79.00M |
| Q2 FY2001 | 30 Jun 2001 | 1.59B | +0.89% | 806.00M | 107.00M |
| Q1 FY2001 | 31 Mar 2001 | 1.54B | +3.01% | 746.00M | 74.00M |
| Q4 FY2000 | 31 Dec 2000 | 1.57B | +6.66% | 1.41B | 5.00M |
| Q3 FY2000 | 30 Sept 2000 | 1.52B | +1.13% | 718.00M | 99.00M |
| Q2 FY2000 | 30 Jun 2000 | 1.58B | +32.16% | 799.00M | 116.00M |
| Q1 FY2000 | 31 Mar 2000 | 1.50B | +45.15% | 812.00M | -48.00M |
| Q4 FY1999 | 31 Dec 1999 | 1.47B | +43.09% | 1.16B | 31.00M |
| Q3 FY1999 | 30 Sept 1999 | 1.50B | +43.13% | 703.00M | 19.00M |
| Q2 FY1999 | 30 Jun 1999 | 1.19B | +10.66% | 681.00M | 77.00M |
| Q1 FY1999 | 31 Mar 1999 | 1.03B | -3.38% | 723.00M | 112.00M |
| Q4 FY1998 | 31 Dec 1998 | 1.03B | +200.67% | 1.68B | 160.00M |
| Q3 FY1998 | 30 Sept 1998 | 1.05B | -21.05% | 743.00M | 158.00M |
| Q2 FY1998 | 30 Jun 1998 | 1.08B | -17.25% | 770.00M | 187.00M |
| Q1 FY1998 | 31 Mar 1998 | 1.07B | -14.70% | 757.00M | 229.00M |
| Q4 FY1997 | 31 Dec 1997 | 341.90M | -71.02% | 859.80M | 223.60M |
| Q3 FY1997 | 30 Sept 1997 | 1.33B | +9.58% | 1.04B | 179.50M |
| Q2 FY1997 | 30 Jun 1997 | 1.30B | +7.12% | 1.02B | 190.10M |
| Q1 FY1997 | 31 Mar 1997 | 1.25B | +7.59% | 954.90M | 127.80M |
| Q4 FY1996 | 31 Dec 1996 | 1.18B | +2.14% | 893.80M | 200.50M |
| Q3 FY1996 | 30 Sept 1996 | 1.21B | +2.31% | 940.60M | 202.30M |
| Q2 FY1996 | 30 Jun 1996 | 1.22B | +2.28% | 937.80M | 199.50M |
| Q1 FY1996 | 31 Mar 1996 | 1.16B | +2.00% | 889.60M | 168.10M |
| Q4 FY1995 | 31 Dec 1995 | 1.16B | -1.43% | 899.20M | 176.90M |
| Q3 FY1995 | 30 Sept 1995 | 1.18B | +1.08% | 929.80M | 183.90M |
| Q2 FY1995 | 30 Jun 1995 | 1.19B | +2.48% | 916.70M | 181.20M |
| Q1 FY1995 | 31 Mar 1995 | 1.14B | +5.75% | 865.80M | 170.70M |
| Q4 FY1994 | 31 Dec 1994 | 1.17B | +7.98% | 887.90M | 176.10M |
| Q3 FY1994 | 30 Sept 1994 | 1.17B | +7.56% | 902.40M | 168.30M |
| Q2 FY1994 | 30 Jun 1994 | 1.16B | -0.77% | 880.70M | 178.50M |
| Q1 FY1994 | 31 Mar 1994 | 1.08B | -3.47% | 810.40M | 144.90M |
| Q4 FY1993 | 31 Dec 1993 | 1.09B | -7.50% | 715.20M | 159.40M |
| Q3 FY1993 | 30 Sept 1993 | 1.09B | -8.36% | 704.10M | 95.20M |
| Q2 FY1993 | 30 Jun 1993 | 1.17B | +2.05% | 676.70M | 155.20M |
| Q1 FY1993 | 31 Mar 1993 | 1.12B | +1.58% | 679.50M | 362.00M |
| Q4 FY1992 | 31 Dec 1992 | 1.17B | +6.19% | 681.10M | 128.20M |
| Q3 FY1992 | 30 Sept 1992 | 1.19B | +1.76% | 710.90M | 145.80M |
| Q2 FY1992 | 30 Jun 1992 | 1.15B | +3.00% | 709.90M | 145.00M |
| Q1 FY1992 | 31 Mar 1992 | 1.10B | +3.09% | 676.00M | 138.70M |
| Q4 FY1991 | 31 Dec 1991 | 1.10B | -1.73% | -297.50M | -354.60M |
| Q3 FY1991 | 30 Sept 1991 | 1.17B | -0.63% | 426.00M | 150.30M |
| Q2 FY1991 | 30 Jun 1991 | 1.11B | -5.59% | 390.70M | 134.00M |
| Q1 FY1991 | 31 Mar 1991 | 1.07B | -6.41% | 343.80M | 100.00M |
| Q4 FY1990 | 31 Dec 1990 | 1.12B | +1.48% | 384.20M | 117.10M |
| Q3 FY1990 | 30 Sept 1990 | 1.18B | +2.89% | 403.90M | 142.90M |
| Q2 FY1990 | 30 Jun 1990 | 1.18B | +0.44% | 418.20M | 155.90M |
| Q1 FY1990 | 31 Mar 1990 | 1.14B | +2.38% | 386.60M | 140.20M |
| Q4 FY1989 | 31 Dec 1989 | 1.11B | -4.43% | 380.00M | 148.20M |
| Q3 FY1989 | 30 Sept 1989 | 1.14B | -1.76% | 398.00M | 150.50M |
| Q2 FY1989 | 30 Jun 1989 | 1.17B | +5.78% | 425.30M | 173.80M |
| Q1 FY1989 | 31 Mar 1989 | 1.11B | +7.56% | — | 133.80M |
| Q4 FY1988 | 31 Dec 1988 | 1.16B | +9.39% | — | 179.00M |
| Q3 FY1988 | 30 Sept 1988 | 1.16B | +12.82% | — | 179.40M |
| Q2 FY1988 | 30 Jun 1988 | 1.11B | +6.40% | — | 158.20M |
| Q1 FY1988 | 31 Mar 1988 | 1.03B | +5.53% | — | 118.50M |
| Q4 FY1987 | 31 Dec 1987 | 1.06B | +1.94% | — | 173.70M |
| Q3 FY1987 | 30 Sept 1987 | 1.03B | +2.54% | — | -248.50M |
| Q2 FY1987 | 30 Jun 1987 | 1.04B | -0.65% | — | 122.40M |
| Q1 FY1987 | 31 Mar 1987 | 979.50M | +14.27% | — | 124.80M |
| Q4 FY1986 | 31 Dec 1986 | 1.04B | +2.17% | — | 144.20M |
| Q3 FY1986 | 30 Sept 1986 | 1.00B | -2.86% | — | 127.80M |
| Q2 FY1986 | 30 Jun 1986 | 1.05B | — | — | 143.00M |
| Q1 FY1986 | 31 Mar 1986 | 857.20M | — | — | 103.70M |
| Q4 FY1985 | 31 Dec 1985 | 1.02B | — | — | 120.10M |
| Q3 FY1985 | 30 Sept 1985 | 1.03B | — | — | 141.60M |
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.
Norfolk Southern revenue growth by segment
Q3 FY2026 against Q3 FY2025
Norfolk Southern revenue by segment over time
See also:Net income,EPS,Shares outstanding,Operating income,Cash on hand,Total debt,Free cash flow,Stock buybacks,Income statement
Common questions about Norfolk Southern's revenue
Source: Financial Modeling Prep
