Norfolk Southern (NSC) Deferred Taxes (2009 - 2026)
Norfolk Southern (NSC) recorded Deferred Taxes of $54 million in Q3 2026, down 73.8% from $206 million a year earlier and down 10.0% from the prior quarter.
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Analysis
Norfolk Southern (NSC) Deferred Taxes (2009 - 2026) Analysis & Trends
On a TTM basis, Norfolk Southern's Deferred Taxes came in at $124 million as of Sep 30, 2026, down 64.6% year-over-year; for FY2025, it came in at $277 million, up 57.4% from FY2024.
- Annual Deferred Taxes has a five-year compound annual growth rate of 14.3% (FY2020 to FY2025).
- Across earlier years, Deferred Taxes came in at $176 million in FY2024, -$49 million in FY2023, $83 million in FY2022 (-54.9%) and $184 million in FY2021 (+29.6%).
- Quarterly Deferred Taxes has ranged from -$88 million in Q3 2022 to $206 million in Q3 2025 over the past five years.
- On a year-over-year basis, Deferred Taxes rose in four of the last six quarters, with growth averaging 136.7%.
- Peak year-over-year performance for Deferred Taxes in the last five years was growth of 775.0% in Q4 2024, against a decline of 93.3% in Q4 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at $60 million (Q2 2026), $48 million (Q1 2026) and -$38 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 176.01 Bn | 168.25 Bn | - | 114.00 Mn |
| 2 | Csx | 93.62 Bn | 88.85 Bn | - | 31.00 Mn |
| 3 | United Parcel Service | 92.85 Bn | 69.67 Bn | - | 36.00 Mn |
| 4 | Canadian Pacific Kansas City | 82.31 Bn | 81.35 Bn | - | 81.43 Mn |
| 5 | Fedex | 74.59 Bn | 40.78 Bn | - | - |
| 6 | Norfolk Southern | 72.94 Bn | 67.40 Bn | - | 54.00 Mn |
| 7 | Delta Air Lines | 59.87 Bn | 42.05 Bn | - | - |
| 8 | United Airlines Holdings | 39.08 Bn | -18.61 Bn | - | - |
| 9 | Old Dominion Freight Line | 34.91 Bn | 33.76 Bn | - | - |
| 10 | Ryanair Holdings | 32.51 Bn | -871.89 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 54.00 Mn |
| Jun 30, 2026 | 60.00 Mn |
| Mar 31, 2026 | 48.00 Mn |
| Dec 31, 2025 | -38.00 Mn |
| Sep 30, 2025 | 206.00 Mn |
| Jun 30, 2025 | 52.00 Mn |
| Mar 31, 2025 | 57.00 Mn |
| Dec 31, 2024 | 35.00 Mn |
| Sep 30, 2024 | 136.00 Mn |
| Jun 30, 2024 | 31.00 Mn |
| Mar 31, 2024 | -26.00 Mn |
| Dec 31, 2023 | 4.00 Mn |
| Sep 30, 2023 | -18.00 Mn |
| Jun 30, 2023 | -20.00 Mn |
| Mar 31, 2023 | -15.00 Mn |
| Dec 31, 2022 | 60.00 Mn |
| Sep 30, 2022 | -88.00 Mn |
| Jun 30, 2022 | 63.00 Mn |
| Mar 31, 2022 | 48.00 Mn |
| Dec 31, 2021 | 26.00 Mn |
API Access
Norfolk Southern Deferred Taxes API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=deferred-taxes&ticker=NSC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "deferred-taxes", "ticker": "NSC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=deferred-taxes&ticker=NSC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();