Norfolk Southern (NSC) Depreciation and Depletion (2009 - 2026)
Norfolk Southern (NSC) posted Depreciation and Depletion of $358 million for Q2 2026, up 3.5% from $346 million a year earlier and up 1.7% from the prior quarter.
Powered by 
Analysis
Norfolk Southern (NSC) Depreciation and Depletion (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Depreciation and Depletion at Norfolk Southern was $1.41 billion, up 2.8% year-over-year; for FY2025, it was $1.39 billion, up 3.0% from FY2024.
- Annual Depreciation and Depletion has increased for nine consecutive years, with a five-year compound annual growth rate of 3.8% (FY2020 to FY2025).
- In prior years, Norfolk Southern's Depreciation and Depletion was $1.35 billion in FY2024 (+4.2%), $1.3 billion in FY2023 (+6.3%), $1.22 billion in FY2022 (+3.4%) and $1.18 billion in FY2021 (+2.3%).
- The Q2 2026 figure stands as the highest quarterly Depreciation and Depletion in data going back to Q1 2009.
- On a year-over-year basis, Depreciation and Depletion has increased in each of the last 21 quarters, with growth averaging 3.1% over the last eight quarters.
- Across the past five years, year-over-year growth in Depreciation and Depletion ran from 1.4% in Q3 2021 to 6.8% in Q4 2023.
- According to Business Quant data, Depreciation and Depletion for the three prior quarters was $352 million (Q1 2026), $353 million (Q4 2025) and $348 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Dep. & Depletion (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 165.28 Bn | 159.81 Bn | - | 638.00 Mn |
| 2 | Csx | 87.86 Bn | 84.08 Bn | - | - |
| 3 | Canadian Pacific Kansas City | 75.56 Bn | 75.27 Bn | - | - |
| 4 | Norfolk Southern | 71.27 Bn | 65.91 Bn | - | 358.00 Mn |
| 5 | United Parcel Service | 69.70 Bn | 46.62 Bn | - | - |
| 6 | Fedex | 68.71 Bn | 34.65 Bn | - | - |
| 7 | Delta Air Lines | 55.32 Bn | 37.50 Bn | - | - |
| 8 | Old Dominion Freight Line | 37.44 Bn | 36.71 Bn | - | - |
| 9 | United Airlines Holdings | 36.52 Bn | -19.85 Bn | - | - |
| 10 | Ryanair Holdings | 28.73 Bn | 12.74 Bn | 3.13 Bn | 484.82 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 358.00 Mn |
| Mar 31, 2026 | 352.00 Mn |
| Dec 31, 2025 | 353.00 Mn |
| Sep 30, 2025 | 348.00 Mn |
| Jun 30, 2025 | 346.00 Mn |
| Mar 31, 2025 | 346.00 Mn |
| Dec 31, 2024 | 342.00 Mn |
| Sep 30, 2024 | 339.00 Mn |
| Jun 30, 2024 | 335.00 Mn |
| Mar 31, 2024 | 337.00 Mn |
| Dec 31, 2023 | 330.00 Mn |
| Sep 30, 2023 | 326.00 Mn |
| Jun 30, 2023 | 321.00 Mn |
| Mar 31, 2023 | 321.00 Mn |
| Dec 31, 2022 | 309.00 Mn |
| Sep 30, 2022 | 306.00 Mn |
| Jun 30, 2022 | 304.00 Mn |
| Mar 31, 2022 | 302.00 Mn |
| Dec 31, 2021 | 298.00 Mn |
| Sep 30, 2021 | 297.00 Mn |
API Access
Norfolk Southern Depreciation and Depletion 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=depreciation-and-depletion&ticker=NSC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "depreciation-and-depletion", "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=depreciation-and-depletion&ticker=NSC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();