Norfolk Southern (NSC) Retained Earnings (2009 - 2026)
Norfolk Southern (NSC) posted quarterly Retained Earnings of $13.9 billion for Q2 2026, up 10.7% year-over-year from $12.6 billion in Q2 2025, and up 3.19% quarter-over-quarter from $13.5 billion in Q1 2026.
Norfolk Southern (NSC) Retained Earnings (2009 - 2026) Analysis & Trends
Norfolk Southern (NSC) has reported Retained Earnings for 18 consecutive years, with $13.9 billion the latest figure, recorded in Q2 2026.
- In Q2 2026, Retained Earnings rose 10.7% year-over-year to $13.9 billion; the TTM figure through Jun 2026 stood at $13.9 billion (up 10.7% YoY), while the FY2025 annual figure was $13.2 billion, up 9.44% from the prior year.
- Retained Earnings rose to $13.9 billion in Q2 2026 per NSC's latest filing, from $13.5 billion in the prior quarter.
- Across five years, Retained Earnings topped out at $13.9 billion in Q2 2026 and bottomed at $10.4 billion in Q1 2024.
- Historically, Retained Earnings has averaged $11.7 billion across 5 years, with a median of $11.3 billion in 2022.
- Annual changes were most pronounced in 2022 — Retained Earnings declined 10.41% — and 2025, when it increased 17.74%.
- Norfolk Southern's Retained Earnings stood at $10.7 billion in 2022, then dropped by 0.02% to $10.7 billion in 2023, then gained by 13.07% to $12.1 billion in 2024, then grew by 9.44% to $13.2 billion in 2025, then gained by 5.08% to $13.9 billion in 2026.
- Business Quant data shows NSC's Retained Earnings at $13.9 billion in Q2 2026, $13.5 billion in Q1 2026, and $13.2 billion in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 180.52 Bn | 178.40 Bn | 6.50 Bn | 71.58 Bn |
| 2 | Csx | 94.59 Bn | 93.20 Bn | 3.29 Bn | 11.35 Bn |
| 3 | Canadian Pacific Kansas City | 84.21 Bn | 83.94 Bn | 2.92 Bn | 14.26 Bn |
| 4 | Canadian National Railway | 78.52 Bn | 78.52 Bn | - | - |
| 5 | Norfolk Southern | 77.93 Bn | 76.86 Bn | - | 13.91 Bn |
| 6 | Westinghouse Air Brake Technologies | 49.47 Bn | 48.80 Bn | 1.16 Bn | 4.53 Bn |
| 7 | Trinity Industries | 2.37 Bn | 2.21 Bn | 109.90 Mn | 1.14 Bn |
| 8 | Greenbrier Companies | 1.42 Bn | 1.15 Bn | 81.10 Mn | 1.24 Bn |
| 9 | Foster L B | 390.24 Mn | 384.46 Mn | 30.87 Mn | 179.74 Mn |
| 10 | FreightCar America | 228.00 Mn | 163.70 Mn | - | -182.52 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 13.91 Bn |
| Mar 31, 2026 | 13.48 Bn |
| Dec 31, 2025 | 13.24 Bn |
| Sep 30, 2025 | 12.89 Bn |
| Jun 30, 2025 | 12.56 Bn |
| Mar 31, 2025 | 12.30 Bn |
| Dec 31, 2024 | 12.09 Bn |
| Sep 30, 2024 | 11.67 Bn |
| Jun 30, 2024 | 10.87 Bn |
| Mar 31, 2024 | 10.44 Bn |
| Dec 31, 2023 | 10.70 Bn |
| Sep 30, 2023 | 10.59 Bn |
| Jun 30, 2023 | 10.61 Bn |
| Mar 31, 2023 | 10.70 Bn |
| Dec 31, 2022 | 10.70 Bn |
| Sep 30, 2022 | 10.99 Bn |
| Jun 30, 2022 | 11.12 Bn |
| Mar 31, 2022 | 11.41 Bn |
| Dec 31, 2021 | 11.59 Bn |
| Sep 30, 2021 | 11.99 Bn |