Norfolk Southern (NSC) Operating Income (2009 - 2026)
Norfolk Southern (NSC) reported Operating Income of $1.15 billion for Q3 2026, up 4.7% from $1.1 billion a year earlier and up 2.3% from the prior quarter.
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Analysis
Norfolk Southern (NSC) Operating Income (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Norfolk Southern's Operating Income came in at $4.09 billion, down 10.2% year-over-year; for FY2025, it was $4.36 billion, up 7.0% from FY2024.
- Operating Income has a five-year compound annual growth rate of 7.7% (FY2020 to FY2025).
- By year, Operating Income came in at $4.07 billion in FY2024 (+42.8%), $2.85 billion in FY2023 (-40.7%), $4.81 billion in FY2022 (+8.1%) and $4.45 billion in FY2021 (+48.1%).
- The Q3 2026 figure ranks as the highest quarterly Operating Income since Q2 2025.
- Year over year, Operating Income gained in four of the last eight quarters, with growth averaging 51.3%.
- The high point for year-over-year Operating Income in five years was Q1 2025 (growth of 438.0%); the low point was Q1 2024 (a decline of 70.0%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $1.12 billion (Q2 2026), $877 million (Q1 2026) and $937 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 176.01 Bn | 168.25 Bn | - | 2.94 Bn |
| 2 | Csx | 93.62 Bn | 88.85 Bn | - | 1.57 Bn |
| 3 | United Parcel Service | 92.85 Bn | 69.67 Bn | - | 1.74 Bn |
| 4 | Canadian Pacific Kansas City | 82.31 Bn | 81.35 Bn | - | 1.06 Bn |
| 5 | Fedex | 74.59 Bn | 40.78 Bn | - | 1.55 Bn |
| 6 | Norfolk Southern | 72.94 Bn | 67.40 Bn | - | 1.15 Bn |
| 7 | Delta Air Lines | 59.87 Bn | 42.05 Bn | - | 1.45 Bn |
| 8 | United Airlines Holdings | 39.08 Bn | -18.61 Bn | - | 1.45 Bn |
| 9 | Old Dominion Freight Line | 34.91 Bn | 33.76 Bn | - | 452.65 Mn |
| 10 | Ryanair Holdings | 32.51 Bn | -871.89 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.15 Bn |
| Jun 30, 2026 | 1.12 Bn |
| Mar 31, 2026 | 877.00 Mn |
| Dec 31, 2025 | 937.00 Mn |
| Sep 30, 2025 | 1.10 Bn |
| Jun 30, 2025 | 1.18 Bn |
| Mar 31, 2025 | 1.15 Bn |
| Dec 31, 2024 | 1.13 Bn |
| Sep 30, 2024 | 1.60 Bn |
| Jun 30, 2024 | 1.13 Bn |
| Mar 31, 2024 | 213.00 Mn |
| Dec 31, 2023 | 808.00 Mn |
| Sep 30, 2023 | 756.00 Mn |
| Jun 30, 2023 | 576.00 Mn |
| Mar 31, 2023 | 711.00 Mn |
| Dec 31, 2022 | 1.18 Bn |
| Sep 30, 2022 | 1.27 Bn |
| Jun 30, 2022 | 1.27 Bn |
| Mar 31, 2022 | 1.09 Bn |
| Dec 31, 2021 | 1.13 Bn |
API Access
Norfolk Southern Operating Income API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-income&ticker=NSC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "ticker": "NSC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-income&ticker=NSC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();