Norfolk Southern (NSC) Leases (2019 - 2025)

Norfolk Southern (NSC) has 7 years of Leases data on file, last reported at $218.0 million in Q4 2025.

• Quarterly Leases fell 19.56% year-over-year to $218.0 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $218.0 million (down 19.56% YoY) and the FY2025 annual result came in at $218.0 million, down 19.56% from the prior year.
• Leases retreated to $218.0 million in Q4 2025 per NSC's latest filing, from $271.0 million in the prior quarter.
• Across five years, Leases topped out at $411.0 million in Q4 2021 and bottomed at $218.0 million in Q4 2025.
• The 5-year median for Leases is $390.0 million (2023), against an average of $339.4 million.
• The widest annual swing landed in 2022, when Leases dropped 0.97%; it then sank 30.51% in 2024.
• Tracing NSC's Leases over 5 years: stood at $411.0 million in 2021, then retreated by 0.97% to $407.0 million in 2022, then fell by 4.18% to $390.0 million in 2023, then slumped by 30.51% to $271.0 million in 2024, then retreated by 19.56% to $218.0 million in 2025.
• Per Business Quant, the three latest NSC Leases figures stand at $218.0 million (Q4 2025), $271.0 million (Q4 2024), and $390.0 million (Q4 2023).

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