Norfolk Southern (NSC) Deferred Taxes (2009 - 2026)
Norfolk Southern (NSC) reported Deferred Taxes of $48.0 million for Q1 2026, down 15.79% year-over-year from $57.0 million in Q1 2025, and up 226.32% quarter-over-quarter from -$38.0 million in Q4 2025.
Norfolk Southern (NSC) Deferred Taxes (2009 - 2026) Analysis & Trends
Norfolk Southern (NSC) has 18 years of Deferred Taxes data on file, last reported at $48.0 million in Q1 2026.
- Deferred Taxes for Q1 2026 came in at $48.0 million, down 15.79% year-over-year; the trailing twelve-month figure through Mar 2026 was $268.0 million (up 3.47% YoY), and the FY2025 annual result was $277.0 million, up 57.39% from the prior year.
- Deferred Taxes improved to $48.0 million in Q1 2026 per NSC's latest filing, from -$38.0 million in the prior quarter.
- Over five years, Deferred Taxes peaked at $206.0 million in Q3 2025 and troughed at -$88.0 million in Q3 2022.
- A 5-year average of $31.5 million and a median of $35.0 million in 2024 frame the typical range for Deferred Taxes.
- The sharpest annual moves came in 2022 and 2024: Deferred Taxes slumped 272.55% in 2022, then soared 855.56% in 2024.
- A 5-year view of Deferred Taxes shows it stood at $60.0 million in 2022, then tumbled by 93.33% to $4.0 million in 2023, then soared by 775.0% to $35.0 million in 2024, then sank by 208.57% to -$38.0 million in 2025, then soared by 226.32% to $48.0 million in 2026.
- Business Quant data shows NSC's Deferred Taxes at $48.0 million in Q1 2026, -$38.0 million in Q4 2025, and $206.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 152.26 Bn | 151.22 Bn | 5.85 Bn | 54.00 Mn |
| 2 | Csx | 84.99 Bn | 83.89 Bn | 3.18 Bn | 51.00 Mn |
| 3 | Norfolk Southern | 67.33 Bn | 65.99 Bn | 2.74 Bn | 48.00 Mn |
| 4 | Canadian Pacific Kansas City | 56.27 Bn | 56.68 Bn | 2.36 Bn | 10.94 Mn |
| 5 | Westinghouse Air Brake Technologies | 46.65 Bn | 46.16 Bn | 1.06 Bn | - |
| 6 | Trinity Industries | 2.76 Bn | 2.82 Bn | 128.90 Mn | 6.40 Mn |
| 7 | Greenbrier Companies | 1.54 Bn | 1.05 Bn | 69.50 Mn | -5.00 Mn |
| 8 | Foster L B | 438.47 Mn | 435.35 Mn | 25.70 Mn | -174,000.00 |
| 9 | Rail Vision | 179.83 Mn | 159.33 Mn | 504,000.00 | - |
| 10 | FreightCar America | 178.32 Mn | 114.02 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Sep 30, 2021 | 51.00 Mn |
| Jun 30, 2021 | 55.00 Mn |