NORFOLK SOUTHERN CORP — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that NORFOLK SOUTHERN CORP filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Revenue
Total revenue from all business activities — the top line of the income statement. Represents all money earned before any expenses are deducted.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2017 | Dec 31, 2017 | $2.67B | Feb 5, 2018 |
| FY2017 | Sep 30, 2017 | $2.67B | Feb 5, 2018 |
| FY2017 | Jun 30, 2017 | $2.64B | Feb 5, 2018 |
| FY2017 | Mar 31, 2017 | $2.58B | Feb 5, 2018 |
| FY2017 | Dec 31, 2016 | $2.49B | Feb 5, 2018 |
| FY2017 | Sep 30, 2016 | $2.52B | Feb 5, 2018 |
| FY2017 | Jun 30, 2016 | $2.45B | Feb 5, 2018 |
| FY2017 | Mar 31, 2016 | $2.42B | Feb 5, 2018 |
| FY2016 | Dec 31, 2015 | $2.52B | Feb 6, 2017 |
| FY2016 | Sep 30, 2015 | $2.71B | Feb 6, 2017 |
Revenue
Revenue recognized from contracts with customers under ASC 606, excluding taxes collected on behalf of government authorities. This is the primary revenue concept for many companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $12.18B | Feb 9, 2026 |
| FY2025 | Dec 31, 2024 | $12.12B | Feb 9, 2026 |
| FY2025 | Dec 31, 2023 | $12.16B | Feb 9, 2026 |
| FY2024 | Dec 31, 2022 | $12.75B | Feb 10, 2025 |
| FY2023 | Dec 31, 2021 | $11.14B | Feb 5, 2024 |
| FY2020 | Dec 31, 2020 | $2.57B | Feb 4, 2021 |
| FY2020 | Sep 30, 2020 | $2.51B | Feb 4, 2021 |
| FY2020 | Jun 30, 2020 | $2.09B | Feb 4, 2021 |
| FY2020 | Mar 31, 2020 | $2.63B | Feb 4, 2021 |
| FY2020 | Dec 31, 2019 | $2.69B | Feb 4, 2021 |
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $2.87B | Feb 9, 2026 |
| FY2025 | Dec 31, 2024 | $2.62B | Feb 9, 2026 |
| FY2025 | Dec 31, 2023 | $1.83B | Feb 9, 2026 |
| FY2024 | Dec 31, 2022 | $3.27B | Feb 10, 2025 |
| FY2023 | Dec 31, 2021 | $3.01B | Feb 5, 2024 |
| FY2020 | Dec 31, 2020 | $671.00M | Feb 4, 2021 |
| FY2020 | Sep 30, 2020 | $569.00M | Feb 4, 2021 |
| FY2020 | Jun 30, 2020 | $392.00M | Feb 4, 2021 |
| FY2020 | Mar 31, 2020 | $381.00M | Feb 4, 2021 |
| FY2020 | Dec 31, 2019 | $666.00M | Feb 4, 2021 |
Operating Income
Profit from core business operations before interest expense and income taxes (also known as EBIT). Excludes non-operating items, making it a cleaner measure of operational efficiency than net income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $4.36B | Feb 9, 2026 |
| FY2025 | Dec 31, 2024 | $4.07B | Feb 9, 2026 |
| FY2025 | Dec 31, 2023 | $2.85B | Feb 9, 2026 |
| FY2024 | Dec 31, 2022 | $4.81B | Feb 10, 2025 |
| FY2023 | Dec 31, 2021 | $4.45B | Feb 5, 2024 |
| FY2020 | Dec 31, 2020 | $984.00M | Feb 4, 2021 |
| FY2020 | Sep 30, 2020 | $840.00M | Feb 4, 2021 |
| FY2020 | Jun 30, 2020 | $610.00M | Feb 4, 2021 |
| FY2020 | Mar 31, 2020 | $568.00M | Feb 4, 2021 |
| FY2020 | Dec 31, 2019 | $962.00M | Feb 4, 2021 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $4.36B | Feb 9, 2026 |
| FY2025 | Dec 31, 2024 | $4.05B | Feb 9, 2026 |
| FY2025 | Dec 31, 2023 | $3.18B | Feb 9, 2026 |
| FY2024 | Dec 31, 2022 | $4.22B | Feb 10, 2025 |
| FY2023 | Dec 31, 2021 | $4.26B | Feb 5, 2024 |
| FY2022 | Dec 31, 2020 | $3.64B | Feb 3, 2023 |
| FY2021 | Dec 31, 2019 | $3.89B | Feb 4, 2022 |
| FY2020 | Dec 31, 2018 | $3.73B | Feb 4, 2021 |
| FY2019 | Dec 31, 2017 | $3.25B | Feb 6, 2020 |
| FY2018 | Dec 31, 2016 | $3.03B | Feb 8, 2019 |
Capital Expenditures (Capex)
Cash spent on acquiring or upgrading physical assets — property, equipment, and infrastructure. High capex businesses include manufacturing, telecom, and energy companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $2.20B | Feb 9, 2026 |
| FY2025 | Dec 31, 2024 | $2.38B | Feb 9, 2026 |
| FY2025 | Dec 31, 2023 | $2.33B | Feb 9, 2026 |
| FY2024 | Dec 31, 2022 | $1.95B | Feb 10, 2025 |
| FY2023 | Dec 31, 2021 | $1.47B | Feb 5, 2024 |
| FY2022 | Dec 31, 2020 | $1.49B | Feb 3, 2023 |
| FY2021 | Dec 31, 2019 | $2.02B | Feb 4, 2022 |
| FY2020 | Dec 31, 2018 | $1.95B | Feb 4, 2021 |
| FY2019 | Dec 31, 2017 | $1.72B | Feb 6, 2020 |
| FY2018 | Dec 31, 2016 | $1.89B | Feb 8, 2019 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $45.24B | Feb 9, 2026 |
| FY2025 | Dec 31, 2024 | $43.68B | Feb 9, 2026 |
| FY2024 | Dec 31, 2023 | $41.65B | Feb 10, 2025 |
| FY2023 | Dec 31, 2022 | $38.89B | Feb 5, 2024 |
| FY2022 | Dec 31, 2021 | $38.49B | Feb 3, 2023 |
| FY2021 | Dec 31, 2020 | $37.96B | Feb 4, 2022 |
| FY2020 | Dec 31, 2019 | $37.92B | Feb 4, 2021 |
| FY2019 | Dec 31, 2018 | $36.24B | Feb 6, 2020 |
| FY2018 | Dec 31, 2017 | $35.71B | Feb 8, 2019 |
| FY2017 | Dec 31, 2016 | $34.89B | Feb 5, 2018 |
Total Liabilities
All financial obligations owed to outside parties — including debt, accounts payable, accrued expenses, and deferred revenue. Subtracting liabilities from total assets gives stockholders' equity.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $29.69B | Feb 9, 2026 |
| FY2025 | Dec 31, 2024 | $29.38B | Feb 9, 2026 |
| FY2024 | Dec 31, 2023 | $28.87B | Feb 10, 2025 |
| FY2023 | Dec 31, 2022 | $26.15B | Feb 5, 2024 |
| FY2022 | Dec 31, 2021 | $24.85B | Feb 3, 2023 |
| FY2021 | Dec 31, 2020 | $23.17B | Feb 4, 2022 |
| FY2020 | Dec 31, 2019 | $22.74B | Feb 4, 2021 |
| FY2019 | Dec 31, 2018 | $20.88B | Feb 6, 2020 |
| FY2018 | Dec 31, 2017 | $19.35B | Feb 8, 2019 |
| FY2017 | Dec 31, 2016 | $22.48B | Feb 5, 2018 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $15.55B | Feb 9, 2026 |
| FY2025 | Dec 31, 2024 | $14.31B | Feb 9, 2026 |
| FY2025 | Dec 31, 2023 | $12.78B | Feb 9, 2026 |
| FY2025 | Dec 31, 2022 | $12.73B | Feb 9, 2026 |
| FY2024 | Dec 31, 2021 | $13.64B | Feb 10, 2025 |
| FY2023 | Dec 31, 2020 | $14.79B | Feb 5, 2024 |
| FY2022 | Dec 31, 2019 | $15.18B | Feb 3, 2023 |
| FY2021 | Dec 31, 2018 | $15.36B | Feb 4, 2022 |
| FY2020 | Dec 31, 2017 | $16.36B | Feb 4, 2021 |
| FY2019 | Dec 31, 2016 | $12.41B | Feb 6, 2020 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $13.24B | Feb 9, 2026 |
| FY2025 | Dec 31, 2024 | $12.09B | Feb 9, 2026 |
| FY2024 | Dec 31, 2023 | $10.70B | Feb 10, 2025 |
| FY2023 | Dec 31, 2022 | $10.70B | Feb 5, 2024 |
| FY2022 | Dec 31, 2021 | $11.59B | Feb 3, 2023 |
| FY2021 | Dec 31, 2020 | $12.88B | Feb 4, 2022 |
| FY2020 | Dec 31, 2019 | $13.21B | Feb 4, 2021 |
| FY2019 | Dec 31, 2018 | $13.44B | Feb 6, 2020 |
| FY2018 | Dec 31, 2017 | $14.18B | Feb 8, 2019 |
| FY2017 | Dec 31, 2016 | $10.43B | Feb 5, 2018 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $1.53B | Feb 9, 2026 |
| FY2025 | Dec 31, 2024 | $1.64B | Feb 9, 2026 |
| FY2024 | Dec 31, 2023 | $1.57B | Feb 10, 2025 |
| FY2023 | Dec 31, 2022 | $456.00M | Feb 5, 2024 |
| FY2022 | Dec 31, 2021 | $839.00M | Feb 3, 2023 |
| FY2021 | Dec 31, 2020 | $1.12B | Feb 4, 2022 |
| FY2020 | Dec 31, 2019 | $580.00M | Feb 4, 2021 |
| FY2019 | Dec 31, 2018 | $358.00M | Feb 6, 2020 |
| FY2018 | Dec 31, 2017 | $690.00M | Feb 8, 2019 |
| FY2017 | Dec 31, 2016 | $956.00M | Feb 5, 2018 |
Long-Term Debt
Debt obligations due more than one year from the balance sheet date — bonds, term loans, and notes payable. High long-term debt relative to equity can signal elevated financial leverage.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2017 | Dec 31, 2017 | $9.74B | Feb 5, 2018 |
| FY2017 | Dec 31, 2016 | $10.11B | Feb 5, 2018 |
| FY2016 | Dec 31, 2015 | $9.89B | Feb 6, 2017 |
| FY2015 | Dec 31, 2014 | $8.89B | Feb 8, 2016 |
| FY2014 | Dec 31, 2013 | $9.35B | Feb 11, 2015 |
| FY2013 | Dec 31, 2012 | $8.48B | Feb 14, 2014 |
| FY2012 | Dec 31, 2011 | $7.44B | Feb 15, 2013 |
| FY2011 | Dec 31, 2010 | $6.93B | Feb 15, 2012 |
| FY2010 | Dec 31, 2009 | $7.05B | Feb 17, 2011 |
EPS (Basic)
Net income divided by the weighted average shares outstanding. Basic EPS does not account for dilutive securities like options or convertible bonds — use diluted EPS for a more conservative view.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 12 | Feb 9, 2026 |
| FY2025 | Dec 31, 2024 | 11 | Feb 9, 2026 |
| FY2025 | Dec 31, 2023 | 8 | Feb 9, 2026 |
| FY2024 | Dec 31, 2022 | 13 | Feb 10, 2025 |
| FY2023 | Dec 31, 2021 | 12 | Feb 5, 2024 |
| FY2020 | Dec 31, 2020 | 2 | Feb 4, 2021 |
| FY2020 | Sep 30, 2020 | 2 | Feb 4, 2021 |
| FY2020 | Jun 30, 2020 | 1 | Feb 4, 2021 |
| FY2020 | Mar 31, 2020 | 1 | Feb 4, 2021 |
| FY2020 | Dec 31, 2019 | 2 | Feb 4, 2021 |
EPS (Diluted)
Net income divided by the fully diluted share count — including all potential shares from options, warrants, and convertible instruments. The more conservative and widely cited EPS figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 12 | Feb 9, 2026 |
| FY2025 | Dec 31, 2024 | 11 | Feb 9, 2026 |
| FY2025 | Dec 31, 2023 | 8 | Feb 9, 2026 |
| FY2024 | Dec 31, 2022 | 13 | Feb 10, 2025 |
| FY2023 | Dec 31, 2021 | 12 | Feb 5, 2024 |
| FY2020 | Dec 31, 2020 | 2 | Feb 4, 2021 |
| FY2020 | Sep 30, 2020 | 2 | Feb 4, 2021 |
| FY2020 | Jun 30, 2020 | 1 | Feb 4, 2021 |
| FY2020 | Mar 31, 2020 | 1 | Feb 4, 2021 |
| FY2020 | Dec 31, 2019 | 2 | Feb 4, 2021 |
Shares Outstanding
Total common shares issued and held by all shareholders, excluding treasury shares. Combined with market price gives market capitalization.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 224.42M | Feb 9, 2026 |
| FY2025 | Dec 31, 2024 | 226.32M | Feb 9, 2026 |
| FY2024 | Dec 31, 2023 | 225.68M | Feb 10, 2025 |
| FY2023 | Dec 31, 2022 | 228.08M | Feb 5, 2024 |
| FY2022 | Dec 31, 2021 | 240.16M | Feb 3, 2023 |
| FY2021 | Dec 31, 2020 | 252.10M | Feb 4, 2022 |
| FY2020 | Dec 31, 2019 | 257.90M | Feb 4, 2021 |
| FY2019 | Dec 31, 2018 | 268.10M | Feb 6, 2020 |
| FY2018 | Dec 31, 2017 | 284.16M | Feb 8, 2019 |
| FY2017 | Dec 31, 2016 | 290.42M | Feb 5, 2018 |
Dividends Paid
Cash dividends distributed to common shareholders during the period. Shown as a positive value despite being a cash outflow in the SEC filing.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $1.22B | Feb 9, 2026 |
| FY2025 | Dec 31, 2024 | $1.22B | Feb 9, 2026 |
| FY2025 | Dec 31, 2023 | $1.23B | Feb 9, 2026 |
| FY2024 | Dec 31, 2022 | $1.17B | Feb 10, 2025 |
| FY2023 | Dec 31, 2021 | $1.03B | Feb 5, 2024 |
| FY2022 | Dec 31, 2020 | $960.00M | Feb 3, 2023 |
| FY2021 | Dec 31, 2019 | $949.00M | Feb 4, 2022 |
| FY2020 | Dec 31, 2018 | $844.00M | Feb 4, 2021 |
| FY2019 | Dec 31, 2017 | $703.00M | Feb 6, 2020 |
| FY2018 | Dec 31, 2016 | $695.00M | Feb 8, 2019 |