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

Norfolk Southern (NSC) has reported Net Margin for 18 consecutive years, with 21.18% the latest figure, recorded in Q2 2026.

• On a quarterly basis, Net Margin fell 351.0% year-over-year to 21.18% in Q2 2026; TTM through Jun 2026 was 21.02%, a 649.0% decrease from a year earlier, with the FY2025 full-year figure at 23.59%, up 196.0% from the prior year.
• Net Margin was 21.18% for Q2 2026 at Norfolk Southern, up from 18.25% 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 23.51% in 2025 frame the typical range for Net Margin.
• Across the five-year window, Net Margin plunged 1325 bps in 2023 and surged 2329 bps in 2025, its largest moves.
• Over 5 years, Net Margin stood at 24.41% in 2022, then dropped by 30 bps to 17.15% in 2023, then surged by 41 bps to 24.24% in 2024, then slipped by 11 bps to 21.65% in 2025, then declined by 2 bps to 21.18% in 2026.
• The last three Net Margin figures came in at 21.18% (Q2 2026), 18.25% (Q1 2026), and 21.65% (Q4 2025), per Business Quant data.