Norfolk Southern (NSC) Cost of Revenue (2009 - 2026)

Norfolk Southern (NSC) has 18 years of Cost of Revenue data on file, last reported at $256.0 million in Q1 2026.

• Quarterly Cost of Revenue rose 4.92% year-over-year to $256.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.1 billion (up 19.75% YoY) and the FY2025 annual result came in at $932.0 million, down 5.57% from the prior year.
• Cost of Revenue climbed to $256.0 million in Q1 2026 per NSC's latest filing, from $232.0 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $473.0 million in Q4 2022 and bottomed at $163.0 million in Q3 2022.
• The 5-year median for Cost of Revenue is $256.0 million (2026), against an average of $285.6 million.
• The widest annual swing landed in 2022, when Cost of Revenue surged 117.02%; it then plunged 49.75% in 2023.
• Tracing NSC's Cost of Revenue over 5 years: stood at $473.0 million in 2022, then sank by 35.94% to $303.0 million in 2023, then declined by 24.09% to $230.0 million in 2024, then gained by 0.87% to $232.0 million in 2025, then advanced by 10.34% to $256.0 million in 2026.
• Per Business Quant, the three latest NSC Cost of Revenue figures stand at $256.0 million (Q1 2026), $232.0 million (Q4 2025), and $237.0 million (Q3 2025).

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