Norfolk Southern (NSC) EBITDA Margin (2009 - 2026)

Norfolk Southern (NSC) has reported EBITDA Margin for 18 consecutive years, with 42.77% the latest figure, recorded in Q2 2026.

• On a quarterly basis, EBITDA Margin fell 614.0% year-over-year to 42.77% in Q2 2026; TTM through Jun 2026 was 43.44%, a 929.0% decrease from a year earlier, with the FY2025 full-year figure at 47.2%, up 246.0% from the prior year.
• EBITDA Margin was 42.77% for Q2 2026 at Norfolk Southern, up from 40.99% in the prior quarter.
• Over five years, EBITDA Margin peaked at 63.42% in Q3 2024 and troughed at 18.31% in Q1 2024.
• A 5-year average of 43.16% and a median of 46.32% in 2022 frame the typical range for EBITDA Margin.
• Across the five-year window, EBITDA Margin tumbled 1836 bps in 2023 and surged 3154 bps in 2025, its largest moves.
• Over 5 years, EBITDA Margin stood at 46.03% in 2022, then retreated by 20 bps to 37.03% in 2023, then jumped by 32 bps to 48.71% in 2024, then dropped by 11 bps to 43.38% in 2025, then declined by 1 bps to 42.77% in 2026.
• The last three EBITDA Margin figures came in at 42.77% (Q2 2026), 40.99% (Q1 2026), and 43.38% (Q4 2025), per Business Quant data.