Norfolk Southern (NSC) Operating Expenses (2009 - 2026)

Norfolk Southern (NSC) has 18 years of Operating Expenses data on file, last reported at $2.1 billion in Q1 2026.

• Operating Expenses for Q1 2026 came in at $2.1 billion, up 14.83% year-over-year; the trailing twelve-month figure through Mar 2026 was $8.1 billion (up 13.93% YoY), and the FY2025 annual result was $7.8 billion, down 2.83% from the prior year.
• Operating Expenses advanced to $2.1 billion in Q1 2026 per NSC's latest filing, from $2.0 billion in the prior quarter.
• Over five years, Operating Expenses peaked at $2.8 billion in Q1 2024 and troughed at $1.5 billion in Q3 2024.
• A 5-year average of $2.1 billion and a median of $2.0 billion in 2025 frame the typical range for Operating Expenses.
• The sharpest annual moves came in 2024 and 2025: Operating Expenses tumbled 34.31% in 2024, then surged 37.8% in 2025.
• A 5-year view of Operating Expenses shows it stood at $2.1 billion in 2022, then rose by 10.17% to $2.3 billion in 2023, then declined by 16.42% to $1.9 billion in 2024, then gained by 7.61% to $2.0 billion in 2025, then increased by 4.12% to $2.1 billion in 2026.
• Business Quant data shows NSC's Operating Expenses at $2.1 billion in Q1 2026, $2.0 billion in Q4 2025, and $2.0 billion in Q3 2025.