Norfolk Southern · Multi-Quarter Financial Trends

16 quarters · As reported by the company · Amounts in USD billions← NSC

Quarter	Period End	Revenue ($B)	YoY	Gross Margin	Operating Income ($B)	Net Income ($B)	Net Margin	Free Cash Flow ($B)	EPS	Buybacks ($B)	Dividends ($B)
FY2026 Q2	2026-06-30	3.47	+11.4%	—	1.12	0.73	21.2%	0.62	3.26	0.00	0.30
FY2026 Q1	2026-03-31	3.00	+0.2%	—	0.88	0.55	18.2%	-0.04	2.43	0.01	0.30
FY2025 Q4	2025-12-31	2.97	−1.7%	—	0.94	0.64	21.7%	0.33	2.87	0.00	0.30
FY2025 Q3	2025-09-30	3.10	+1.7%	—	1.10	0.71	22.9%	0.72	3.16	0.08	0.30
FY2025 Q2	2025-06-30	3.11	+2.2%	—	1.18	0.77	24.7%	0.60	3.41	0.21	0.30
FY2025 Q1	2025-03-31	2.99	−0.4%	—	1.15	0.75	25.1%	0.50	3.31	0.25	0.31
FY2024 Q4	2024-12-31	3.02	−1.6%	—	1.13	0.73	24.2%	0.28	3.24	0.00	0.31
FY2024 Q3	2024-09-30	3.05	+2.7%	—	1.60	1.10	36.0%	0.65	4.85	0.00	0.31
FY2024 Q2	2024-06-30	3.04	+2.1%	—	1.13	0.74	24.2%	0.47	3.25	0.00	0.31
FY2024 Q1	2024-03-31	3.00	−4.1%	—	0.21	0.05	1.8%	0.28	0.23	0.00	0.31
FY2023 Q4	2023-12-31	3.07	−5.1%	—	0.81	0.53	17.1%	-0.16	2.32	0.12	0.31
FY2023 Q3	2023-09-30	2.97	−11.1%	—	0.76	0.48	16.1%	0.12	2.10	0.20	0.31
FY2023 Q2	2023-06-30	2.98	—	—	0.58	0.36	11.9%	0.15	1.56	0.14	0.31
FY2023 Q1	2023-03-31	3.13	—	—	0.71	0.47	14.9%	0.75	2.04	0.16	0.31
FY2022 Q4	2022-12-31	3.24	—	—	1.18	0.79	24.4%	0.13	3.40	0.83	0.29
FY2022 Q3	2022-09-30	3.34	—	—	1.27	0.96	28.7%	0.97	4.10	0.83	0.29

Quarterly figures come from the company's 10-Q and 10-K filings. The fourth quarter is derived as the full year minus the first three quarters; cash flow items are converted from fiscal year-to-date totals into single quarters.