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

Norfolk Southern (NSC) has 18 years of Gross Margin data on file, last reported at 91.46% in Q1 2026.

• Gross Margin for Q1 2026 came in at 91.46%, down 39.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 90.69% (down 149.0% YoY), and the FY2025 annual result was 92.35%, up 49.0% from the prior year.
• Gross Margin retreated to 91.46% in Q1 2026 per NSC's latest filing, from 92.2% in the prior quarter.
• Over five years, Gross Margin peaked at 95.12% in Q3 2022 and troughed at 85.39% in Q4 2022.
• A 5-year average of 90.71% and a median of 91.56% in 2024 frame the typical range for Gross Margin.
• The sharpest annual moves came in 2024 and 2025: Gross Margin plunged 721 bps in 2024, then surged 583 bps in 2025.
• A 5-year view of Gross Margin shows it stood at 85.39% in 2022, then increased by 6 bps to 90.14% in 2023, then climbed by 3 bps to 92.39% in 2024, then retreated by 0 bps to 92.2% in 2025, then retreated by 1 bps to 91.46% in 2026.
• Business Quant data shows NSC's Gross Margin at 91.46% in Q1 2026, 92.2% in Q4 2025, and 92.36% in Q3 2025.