Norfolk Southern (NSC) Retained Earnings (2009 - 2026)
Norfolk Southern's Retained Earnings came in at $13.91 billion for Q2 2026, up 10.7% from $12.56 billion a year earlier and up 3.2% from the prior quarter.
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Analysis
Norfolk Southern (NSC) Retained Earnings (2009 - 2026) Analysis & Trends
At the end of FY2025, Norfolk Southern's Retained Earnings was $13.24 billion, up 9.4% from FY2024.
- Retained Earnings carries a five-year compound annual growth rate of 0.5% (FY2020 to FY2025).
- Going back by year, Retained Earnings was $12.09 billion in FY2024 (+13.1%), $10.7 billion in FY2023 (unchanged), $10.7 billion in FY2022 (-7.7%) and $11.59 billion in FY2021 (-10.1%).
- The Q2 2026 figure represents the highest quarterly Retained Earnings since Q2 2018.
- Year-over-year, Retained Earnings has increased for nine consecutive quarters, with growth averaging 12.1% over the last eight quarters.
- The fastest year-over-year change in Retained Earnings over five years came in Q1 2025 (growth of 17.7%), and the weakest in Q2 2022 (a decline of 10.4%).
- Business Quant data shows NSC's Retained Earnings at $13.48 billion (Q1 2026), $13.24 billion (Q4 2025) and $12.89 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 162.83 Bn | 157.35 Bn | - | 71.58 Bn |
| 2 | Csx | 86.94 Bn | 83.15 Bn | - | 11.35 Bn |
| 3 | Canadian Pacific Kansas City | 76.07 Bn | 75.78 Bn | - | 14.26 Bn |
| 4 | United Parcel Service | 70.39 Bn | 47.31 Bn | - | 18.83 Bn |
| 5 | Norfolk Southern | 70.35 Bn | 64.99 Bn | - | 13.91 Bn |
| 6 | Fedex | 68.01 Bn | 33.95 Bn | - | 44.46 Bn |
| 7 | Delta Air Lines | 55.83 Bn | 38.01 Bn | - | 14.27 Bn |
| 8 | Old Dominion Freight Line | 36.82 Bn | 36.08 Bn | - | 4.29 Bn |
| 9 | Ryanair Holdings | 28.96 Bn | 12.97 Bn | 3.13 Bn | 8.31 Bn |
| 10 | Copart | 25.14 Bn | 9.56 Bn | 645.66 Mn | 7.98 Bn |
Historic Data
Download Data
Historic 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 |
API Access
Norfolk Southern Retained Earnings 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=retained-earnings&ticker=NSC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "retained-earnings", "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=retained-earnings&ticker=NSC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();