Norfolk Southern (NSC) Payables (2009 - 2026)
Norfolk Southern's Payables was $2.06 billion in Q3 2026, up 24.6% from $1.66 billion a year earlier and up 15.8% from the prior quarter.
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Analysis
Norfolk Southern (NSC) Payables (2009 - 2026) Analysis & Trends
At the end of FY2025, Payables at Norfolk Southern came in at $1.86 billion, up 9.3% from FY2024.
- Payables has now increased for five consecutive years, with a five-year compound annual growth rate of 12.9% (FY2020 to FY2025).
- In earlier years, Payables was $1.7 billion in FY2024 (+4.0%), $1.64 billion in FY2023 (+17.6%), $1.39 billion in FY2022 (+3.1%) and $1.35 billion in FY2021 (+33.0%).
- The Q3 2026 figure marks the highest quarterly Payables in data going back to Q2 2009.
- Compared with a year earlier, Payables has increased for five straight quarters, with growth averaging 3.7% over the last eight quarters.
- The best year-over-year quarter for Payables over five years was Q1 2024 (growth of 44.9%); the worst was Q1 2025 (a decline of 24.2%).
- Per Business Quant data, NSC's Payables in the three quarters before Q3 2026 was $1.78 billion (Q2 2026), $1.7 billion (Q1 2026) and $1.86 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 176.01 Bn | 168.25 Bn | - | 4.32 Bn |
| 2 | Csx | 93.62 Bn | 88.85 Bn | - | 1.14 Bn |
| 3 | United Parcel Service | 92.85 Bn | 69.67 Bn | - | 6.15 Bn |
| 4 | Canadian Pacific Kansas City | 82.31 Bn | 81.35 Bn | - | 2.21 Bn |
| 5 | Fedex | 74.59 Bn | 40.78 Bn | - | 5.71 Bn |
| 6 | Norfolk Southern | 72.94 Bn | 67.40 Bn | - | 2.06 Bn |
| 7 | Delta Air Lines | 59.87 Bn | 42.05 Bn | - | 7.70 Bn |
| 8 | United Airlines Holdings | 39.08 Bn | -18.61 Bn | - | 5.40 Bn |
| 9 | Old Dominion Freight Line | 34.91 Bn | 33.76 Bn | - | 88.46 Mn |
| 10 | Ryanair Holdings | 32.51 Bn | -871.89 Mn | - | 698.83 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 2.06 Bn |
| Jun 30, 2026 | 1.78 Bn |
| Mar 31, 2026 | 1.70 Bn |
| Dec 31, 2025 | 1.86 Bn |
| Sep 30, 2025 | 1.66 Bn |
| Jun 30, 2025 | 1.50 Bn |
| Mar 31, 2025 | 1.45 Bn |
| Dec 31, 2024 | 1.70 Bn |
| Sep 30, 2024 | 1.61 Bn |
| Jun 30, 2024 | 1.94 Bn |
| Mar 31, 2024 | 1.91 Bn |
| Dec 31, 2023 | 1.64 Bn |
| Sep 30, 2023 | 1.50 Bn |
| Jun 30, 2023 | 1.55 Bn |
| Mar 31, 2023 | 1.32 Bn |
| Dec 31, 2022 | 1.39 Bn |
| Sep 30, 2022 | 1.49 Bn |
| Jun 30, 2022 | 1.31 Bn |
| Mar 31, 2022 | 1.18 Bn |
| Dec 31, 2021 | 1.35 Bn |
API Access
Norfolk Southern Payables 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=payables&ticker=NSC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "payables", "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=payables&ticker=NSC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();