Norfolk Southern (NSC) Tax Rate (2009 - 2026)
Norfolk Southern (NSC) reported Tax Rate of 23.46% for Q2 2026, up 0.42 percentage points from 23.05% a year earlier but down 0.03 percentage points from the prior quarter.
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Analysis
Norfolk Southern (NSC) Tax Rate (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Norfolk Southern's Tax Rate came in at 21.62%, down 1.03 percentage points year-over-year; for FY2025, it came in at 21.61%, up 0.37 percentage points from FY2024.
- Tax Rate has a five-year change of +1.18 percentage points (FY2020 to FY2025).
- By year, Tax Rate came in at 21.24% in FY2024 (-0.01 pp), 21.25% in FY2023 (+0.43 pp), 20.82% in FY2022 (-1.69 pp) and 22.51% in FY2021 (+2.08 pp).
- Five-year quarterly Tax Rate spans a low of -76.67% in Q1 2024 and a high of 24.66% in Q2 2022.
- Year over year, Tax Rate gained in seven of the last eight quarters, with an average year-over-year change of +12.42 percentage points.
- The high point for year-over-year Tax Rate in five years was Q1 2025 (a gain of 99.98 percentage points); the low point was Q1 2024 (a drop of 97.95 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 23.50% (Q1 2026), 15.82% (Q4 2025) and 23.05% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 162.83 Bn | 157.35 Bn | - | 22.00% |
| 2 | Csx | 86.94 Bn | 83.15 Bn | - | 24.09% |
| 3 | Canadian Pacific Kansas City | 76.07 Bn | 75.78 Bn | - | 24.65% |
| 4 | United Parcel Service | 70.39 Bn | 47.31 Bn | - | 20.63% |
| 5 | Norfolk Southern | 70.35 Bn | 64.99 Bn | - | 23.46% |
| 6 | Fedex | 68.01 Bn | 33.95 Bn | - | 24.21% |
| 7 | Delta Air Lines | 55.83 Bn | 38.01 Bn | - | 20.16% |
| 8 | Old Dominion Freight Line | 36.82 Bn | 36.08 Bn | - | 25.00% |
| 9 | Ryanair Holdings | 28.96 Bn | 12.97 Bn | 3.13 Bn | - |
| 10 | Copart | 25.14 Bn | 9.56 Bn | 645.66 Mn | 19.24% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.46% |
| Mar 31, 2026 | 23.50% |
| Dec 31, 2025 | 15.82% |
| Sep 30, 2025 | 23.05% |
| Jun 30, 2025 | 23.05% |
| Mar 31, 2025 | 23.31% |
| Dec 31, 2024 | 21.01% |
| Sep 30, 2024 | 22.99% |
| Jun 30, 2024 | 21.93% |
| Dec 31, 2023 | 19.05% |
| Sep 30, 2023 | 22.15% |
| Jun 30, 2023 | 23.11% |
| Mar 31, 2023 | 21.28% |
| Dec 31, 2022 | 23.89% |
| Sep 30, 2022 | 12.35% |
| Jun 30, 2022 | 24.66% |
| Mar 31, 2022 | 22.92% |
| Dec 31, 2021 | 22.84% |
| Sep 30, 2021 | 23.63% |
| Jun 30, 2021 | 21.33% |
API Access
Norfolk Southern Tax Rate 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=tax-rate&ticker=NSC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=NSC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();