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

Norfolk Southern (NSC) has 18 years of Net Margin data on file, last reported at 18.25% in Q1 2026.

• Net Margin for Q1 2026 came in at 18.25%, down 681.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 21.91% (down 549.0% YoY), and the FY2025 annual result was 23.59%, up 196.0% from the prior year.
• Net Margin slipped to 18.25% in Q1 2026 per NSC's latest filing, from 21.65% in the prior quarter.
• Over five years, Net Margin peaked at 36.02% in Q3 2024 and troughed at 1.76% in Q1 2024.
• A 5-year average of 21.25% and a median of 24.12% in 2022 frame the typical range for Net Margin.
• The sharpest annual moves came in 2023 and 2025: Net Margin tumbled 1325 bps in 2023, then soared 2329 bps in 2025.
• A 5-year view of Net Margin shows it stood at 24.41% in 2022, then declined by 30 bps to 17.15% in 2023, then soared by 41 bps to 24.24% in 2024, then dropped by 11 bps to 21.65% in 2025, then dropped by 16 bps to 18.25% in 2026.
• Business Quant data shows NSC's Net Margin at 18.25% in Q1 2026, 21.65% in Q4 2025, and 22.91% in Q3 2025.