Norfolk Southern (NSC) Retained Earnings (2009 - 2026)
Norfolk Southern (NSC) reported Retained Earnings of $13.5 billion for Q1 2026, up 5263.6% year-over-year from $251.3 million in Q1 2025, and up 6517.62% on a QoQ basis from -$210.0 million in Q4 2025.
Norfolk Southern (NSC) has 18 years of Retained Earnings data on file, last reported at $13.5 billion in Q1 2026.
- Quarterly Retained Earnings rose 5263.6% year-over-year to $13.5 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $13.5 billion (up 5263.6% YoY) and the FY2025 annual result came in at -$210.0 million, down 101.74% from the prior year.
- Retained Earnings rose to $13.5 billion in Q1 2026 per NSC's latest filing, from -$210.0 million in the prior quarter.
- Across five years, Retained Earnings topped out at $13.5 billion in Q1 2026 and bottomed at -$394.0 million in Q1 2022.
- The 5-year median for Retained Earnings is $10.7 billion (2023), against an average of $7.3 billion.
- The widest annual swing landed in 2023, when Retained Earnings plunged 103.23%; it then surged 5263.6% in 2026.
- Tracing NSC's Retained Earnings over 5 years: stood at -$351.0 million in 2022, then soared by 3147.01% to $10.7 billion in 2023, then grew by 13.07% to $12.1 billion in 2024, then plunged by 101.74% to -$210.0 million in 2025, then jumped by 6517.62% to $13.5 billion in 2026.
- Per Business Quant, the three latest NSC Retained Earnings figures stand at $13.5 billion (Q1 2026), -$210.0 million (Q4 2025), and $12.9 billion (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 155.75 Bn | 154.71 Bn | 5.85 Bn | 70.41 Bn |
| 2 | Csx | 84.18 Bn | 83.08 Bn | 3.18 Bn | 10.89 Bn |
| 3 | Norfolk Southern | 68.46 Bn | 67.12 Bn | 2.74 Bn | 13.48 Bn |
| 4 | Canadian Pacific Kansas City | 58.41 Bn | 58.81 Bn | 2.36 Bn | 1.29 Bn |
| 5 | Westinghouse Air Brake Technologies | 44.40 Bn | 43.91 Bn | 1.06 Bn | -689.00 Mn |
| 6 | Trinity Industries | 2.59 Bn | 2.65 Bn | 128.90 Mn | 1.08 Bn |
| 7 | Greenbrier Companies | 1.46 Bn | 968.55 Mn | 69.50 Mn | 1.23 Bn |
| 8 | Foster L B | 419.50 Mn | 416.39 Mn | 25.70 Mn | -22.08 Mn |
| 9 | FreightCar America | 145.10 Mn | 80.80 Mn | - | -182.52 Mn |
| 10 | Swvl Holdings | 18.35 Mn | 13.93 Mn | - | -338.50 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 13.48 Bn |
| Dec 31, 2025 | -210.00 Mn |
| Sep 30, 2025 | 12.89 Bn |
| Jun 30, 2025 | 12.56 Bn |
| Mar 31, 2025 | -261.00 Mn |
| Dec 31, 2024 | 12.09 Bn |
| Sep 30, 2024 | -332.00 Mn |
| 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 | -359.00 Mn |
| Mar 31, 2023 | 10.70 Bn |
| Dec 31, 2022 | -351.00 Mn |
| Sep 30, 2022 | 10.99 Bn |
| Jun 30, 2022 | 11.12 Bn |
| Mar 31, 2022 | -394.00 Mn |
| Dec 31, 2021 | 11.59 Bn |
| Sep 30, 2021 | -571.00 Mn |
| Jun 30, 2021 | 12.41 Bn |
| Mar 31, 2021 | -586.00 Mn |
| Dec 31, 2020 | -594.00 Mn |
| Sep 30, 2020 | -471.00 Mn |
| Jun 30, 2020 | 12.86 Bn |
| Mar 31, 2020 | -481.00 Mn |
| Dec 31, 2019 | 13.21 Bn |
| Sep 30, 2019 | -553.00 Mn |
| Jun 30, 2019 | 13.38 Bn |
| Mar 31, 2019 | -560.00 Mn |
| Dec 31, 2018 | -563.00 Mn |
| Sep 30, 2018 | 13.65 Bn |
| Jun 30, 2018 | -441.00 Mn |
| Mar 31, 2018 | -88.00 Mn |
| Dec 31, 2017 | -356.00 Mn |
| Sep 30, 2017 | -475.00 Mn |
| Jun 30, 2017 | -480.00 Mn |
| Mar 31, 2017 | -485.00 Mn |
| Dec 31, 2016 | -487.00 Mn |
| Sep 30, 2016 | -433.00 Mn |
| Jun 30, 2016 | -437.00 Mn |
| Mar 31, 2016 | -442.00 Mn |
| Dec 31, 2015 | -445.00 Mn |
| Sep 30, 2015 | -382.00 Mn |
| Jun 30, 2015 | -389.00 Mn |
| Mar 31, 2015 | -395.00 Mn |
| Dec 31, 2014 | -398.00 Mn |
| Sep 30, 2014 | -178.00 Mn |
| Jun 30, 2014 | -183.00 Mn |
| Mar 31, 2014 | -193.00 Mn |
| Dec 31, 2013 | -381.00 Mn |
| Sep 30, 2013 | -1.04 Bn |
| Jun 30, 2013 | -1.06 Bn |
| Mar 31, 2013 | -1.09 Bn |
| Dec 31, 2012 | -1.11 Bn |
| Sep 30, 2012 | 8.51 Bn |
| Jun 30, 2012 | 8.54 Bn |
| Mar 31, 2012 | 8.58 Bn |
| Dec 31, 2011 | -1.03 Bn |
| Sep 30, 2011 | -753.00 Mn |
| Jun 30, 2011 | 9.10 Bn |
| Mar 31, 2011 | -786.00 Mn |
| Dec 31, 2010 | -805.00 Mn |
| Sep 30, 2010 | -804.00 Mn |
| Jun 30, 2010 | 9.32 Bn |
| Mar 31, 2010 | -834.00 Mn |
| Dec 31, 2009 | -853.00 Mn |
| Sep 30, 2009 | 8.85 Bn |
| Jun 30, 2009 | 8.67 Bn |