Norfolk Southern (NSC) Tax Rate (2009 - 2026)

Norfolk Southern (NSC) has 18 years of Tax Rate data on file, last reported at 23.5% in Q1 2026.

• Tax Rate for Q1 2026 came in at 23.5%, up 18.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 21.52% (down 88.0% YoY), and the FY2025 annual result was 21.61%, up 37.0% from the prior year.
• Tax Rate grew to 23.5% in Q1 2026 per NSC's latest filing, from 15.82% in the prior quarter.
• Over five years, Tax Rate peaked at 24.66% in Q2 2022 and troughed at 76.67% in Q1 2024.
• A 5-year average of 15.73% and a median of 22.92% in 2022 frame the typical range for Tax Rate.
• The sharpest annual moves came in 2024 and 2025: Tax Rate tumbled 9795 bps in 2024, then jumped 9998 bps in 2025.
• A 5-year view of Tax Rate shows it stood at 23.89% in 2022, then slipped by 20 bps to 19.05% in 2023, then advanced by 10 bps to 21.01% in 2024, then declined by 25 bps to 15.82% in 2025, then surged by 49 bps to 23.5% in 2026.
• Business Quant data shows NSC's Tax Rate at 23.5% in Q1 2026, 15.82% in Q4 2025, and 23.05% in Q3 2025.