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% on a QoQ basis from -$38.0 million in Q4 2025.
Norfolk Southern (NSC) has 18 years of Deferred Taxes data on file, last reported at $48.0 million in Q1 2026.
- Quarterly Deferred Taxes fell 15.79% year-over-year to $48.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $268.0 million (up 3.47% YoY) and the FY2025 annual result came in at $277.0 million, up 57.39% from the prior year.
- Deferred Taxes rose to $48.0 million in Q1 2026 per NSC's latest filing, from -$38.0 million in the prior quarter.
- Across five years, Deferred Taxes topped out at $206.0 million in Q3 2025 and bottomed at -$88.0 million in Q3 2022.
- The 5-year median for Deferred Taxes is $35.0 million (2024), against an average of $31.5 million.
- The widest annual swing landed in 2022, when Deferred Taxes plunged 272.55%; it then jumped 855.56% in 2024.
- Tracing NSC's Deferred Taxes over 5 years: stood at $60.0 million in 2022, then sank by 93.33% to $4.0 million in 2023, then jumped by 775.0% to $35.0 million in 2024, then tumbled by 208.57% to -$38.0 million in 2025, then jumped by 226.32% to $48.0 million in 2026.
- Per Business Quant, the three latest NSC Deferred Taxes figures stand at $48.0 million (Q1 2026), -$38.0 million (Q4 2025), and $206.0 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 155.75 Bn | 154.71 Bn | 5.85 Bn | 54.00 Mn |
| 2 | Csx | 84.18 Bn | 83.08 Bn | 3.18 Bn | 51.00 Mn |
| 3 | Norfolk Southern | 68.46 Bn | 67.12 Bn | 2.74 Bn | 48.00 Mn |
| 4 | Canadian Pacific Kansas City | 58.41 Bn | 58.81 Bn | 2.36 Bn | 10.94 Mn |
| 5 | Westinghouse Air Brake Technologies | 44.40 Bn | 43.91 Bn | 1.06 Bn | - |
| 6 | Trinity Industries | 2.59 Bn | 2.65 Bn | 128.90 Mn | 6.40 Mn |
| 7 | Greenbrier Companies | 1.46 Bn | 968.55 Mn | 69.50 Mn | -5.00 Mn |
| 8 | Foster L B | 419.50 Mn | 416.39 Mn | 25.70 Mn | -174,000.00 |
| 9 | FreightCar America | 145.10 Mn | 80.80 Mn | - | - |
| 10 | Swvl Holdings | 18.35 Mn | 13.93 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 |
| Mar 31, 2021 | 52.00 Mn |
| Dec 31, 2020 | 64.00 Mn |
| Sep 30, 2020 | 22.00 Mn |
| Jun 30, 2020 | 45.00 Mn |
| Mar 31, 2020 | 11.00 Mn |
| Dec 31, 2019 | 105.00 Mn |
| Sep 30, 2019 | 92.00 Mn |
| Jun 30, 2019 | 76.00 Mn |
| Mar 31, 2019 | 57.00 Mn |
| Dec 31, 2018 | 35.00 Mn |
| Sep 30, 2018 | 49.00 Mn |
| Jun 30, 2018 | 44.00 Mn |
| Mar 31, 2018 | 45.00 Mn |
| Dec 31, 2017 | -3.08 Bn |
| Sep 30, 2017 | 105.00 Mn |
| Jun 30, 2017 | 58.00 Mn |
| Mar 31, 2017 | 56.00 Mn |
| Dec 31, 2016 | 50.00 Mn |
| Sep 30, 2016 | 76.00 Mn |
| Jun 30, 2016 | 57.00 Mn |
| Mar 31, 2016 | 44.00 Mn |
| Dec 31, 2015 | 264.00 Mn |
| Sep 30, 2015 | 21.00 Mn |
| Jun 30, 2015 | 23.00 Mn |
| Mar 31, 2015 | 12.00 Mn |
| Dec 31, 2014 | 273.00 Mn |
| Sep 30, 2014 | 4.00 Mn |
| Jun 30, 2014 | 25.00 Mn |
| Mar 31, 2014 | -8.00 Mn |
| Dec 31, 2013 | 47.00 Mn |
| Sep 30, 2013 | 72.00 Mn |
| Jun 30, 2013 | 69.00 Mn |
| Mar 31, 2013 | 74.00 Mn |
| Dec 31, 2012 | 87.00 Mn |
| Sep 30, 2012 | 141.00 Mn |
| Jun 30, 2012 | 50.00 Mn |
| Mar 31, 2012 | 88.00 Mn |
| Dec 31, 2011 | 92.00 Mn |
| Sep 30, 2011 | 171.00 Mn |
| Jun 30, 2011 | 131.00 Mn |
| Mar 31, 2011 | 112.00 Mn |
| Dec 31, 2010 | 140.00 Mn |
| Sep 30, 2010 | 126.00 Mn |
| Jun 30, 2010 | 6.00 Mn |
| Mar 31, 2010 | 40.00 Mn |
| Dec 31, 2009 | 116.00 Mn |
| Sep 30, 2009 | 98.00 Mn |
| Jun 30, 2009 | 59.00 Mn |
| Mar 31, 2009 | 16.00 Mn |