NORFOLK SOUTHERN CORP

Listed Company

NSCCIK 0000702165NYSELarge AcceleratedRailroads, Line-Haul OperatingVirginiaFY ends Dec 31

Period

FY 2025

Revenue

$12.18B

Net Income

$2.87B

Total Assets

$45.24B

Equity

$15.55B

Shares Out

224.59M

Op. Cash Flow

$4.36B

NSC$340.27+26.10% · past yearDBEQ Basic

Daily closing prices

Business

Norfolk Southern Corporation owns and operates Norfolk Southern Railway Company, a major freight railroad providing rail transportation of raw materials, intermediate products, and finished goods primarily in the Southeast, East, and Midwest. The company operates approximately 19,100 route miles across 22 states and the District of Columbia, offering the most extensive intermodal network in the eastern half of the U.S. Revenue comes from merchandise, intermodal containers and trailers, and coal.

Summary from 10-K filed 2026-02-09

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Railway operating revenues	12,180	12,123	12,156	12,745	11,142
Compensation and benefits	2,922	2,823	2,819	2,621	2,442
Purchased services and rents	2,095	2,048	2,070	1,922	1,726
Fuel	932	987	1,170	1,459	799
Depreciation	1,393	1,353	1,298	1,221	1,181
Materials and other	634	333	832	713	—
Merger-related expenses	80	0	0	—	—
Restructuring and other charges	22	183	0	0	—
Eastern Ohio incident	−254	—	—	—	—
Eastern Ohio incident	—	325	1,116	0	0
Total railway operating expenses	7,824	8,052	9,305	7,936	6,695
Income from railway operations	4,356	4,071	2,851	4,809	4,447
Other income net	101	65	191	13	77
Interest expense on debt	792	807	722	—	—
Income before income taxes	3,665	3,329	2,320	4,130	3,878
Income taxes	792	707	493	860	873
Net income	2,873	2,622	1,827	3,270	3,005
Basic (in dollars per share)	12.76	11.58	8.04	13.92	12.16
Diluted (in dollars per share)	12.75	11.57	8.02	13.88	12.11

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	1,530	1,641	1,568	456	839
Accounts receivable net	988	1,069	1,147	1,148	976
Materials and supplies	271	277	264	253	218
Other current assets	409	201	292	150	134
Total current assets	3,198	3,188	3,271	2,007	2,167
Investments	4,089	3,370	3,839	3,694	3,707
Properties less accumulated depreciation	36,479	35,831	33,326	32,156	31,653
Other assets	1,470	1,293	1,216	1,028	966
Total assets	45,236	43,682	41,652	38,885	38,493
Accounts payable	1,863	1,704	1,638	1,293	1,351
Income and other taxes	340	337	262	312	305
Other current liabilities	965	949	728	341	312
Current maturities of long-term debt	607	555	4	603	553
Total current liabilities	3,775	3,545	2,632	2,649	2,521
Long-term debt	16,480	16,651	17,175	14,479	13,287
Other liabilities	1,723	1,760	1,839	1,759	1,879
Deferred income taxes	7,711	7,420	7,225	7,265	7,165
Total liabilities	29,689	29,376	28,871	26,152	24,852
Common stock, net of treasury shares	226	228	227	230	242
Additional paid-in capital	2,296	2,247	2,179	2,157	2,215
Accumulated other comprehensive loss	−210	−262	−320	−351	−402
Retained income	13,235	12,093	10,695	10,697	11,586
Total stockholders equity	15,547	14,306	12,781	12,733	13,641
Total liabilities and stockholders equity	45,236	43,682	41,652	38,885	38,493

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation	1,393	1,353	1,298	1,221	1,181
Deferred income taxes	277	176	−49	83	184
Gains and losses on properties	−253	−490	−49	−82	−86
Accounts receivable	59	85	−2	−171	−133
Materials and supplies	6	−13	−11	−35	3
Other current assets	−23	5	−54	−18	−6
Current liabilities other than debt	259	548	435	23	283
Other net	−230	−234	−216	−69	−176
Net cash provided by operating activities	4,361	4,052	3,179	4,222	4,255
Property additions	−2,204	−2,381	−2,327	−1,948	−1,470
Acquisition of assets of CSR	0	−1,643	−22	0	—
Property sales and other transactions	164	558	86	263	159
Investment purchases	−621	−319	−124	−12	−10
Investment sales and other transactions	99	1,005	205	94	99
Net cash used in investing activities	−2,562	−2,780	−2,182	−1,603	−1,222
Dividends	−1,215	−1,221	−1,225	−1,167	−1,028
Common Stock transactions	2	26	3	−4	17
Purchase and retirement of Common Stock	−534	0	−622	−3,110	−3,390
Proceeds from borrowings	396	1,051	3,293	1,832	1,676
Debt repayments	−559	−1,055	−1,334	−553	−584
Net cash provided by (used in) financing activities	−1,910	−1,199	115	−3,002	−3,309
Net increase (decrease) in cash and cash equivalents	−111	73	1,112	−383	−276
Interest (net of amounts capitalized)	765	764	653	619	579
Income taxes (net of refunds)	491	305	681	750	654

Filings

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Frequently asked questions

What is NORFOLK SOUTHERN CORP's CIK number?

NORFOLK SOUTHERN CORP's SEC CIK number is 0000702165 (702165). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find NORFOLK SOUTHERN CORP's SEC filings?

All of NORFOLK SOUTHERN CORP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did NORFOLK SOUTHERN CORP last report earnings?

NORFOLK SOUTHERN CORP (NSC) most recently filed an earnings 8-K with the SEC on Apr 24, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-175084). This is NORFOLK SOUTHERN CORP's most recent earnings filing of record — not a forecast of its next earnings date.

What is NORFOLK SOUTHERN CORP's most recent earnings 8-K?

NORFOLK SOUTHERN CORP's latest earnings 8-K (Item 2.02) was filed Apr 24, 2026 under accession 0001193125-26-175084. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

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