Norfolk Southern (NSC) Tax Rate (2009 - 2026)
Norfolk Southern (NSC) posted quarterly Tax Rate of 23.46% for Q2 2026, up 42.0% year-over-year from 16.52% in Q2 2025, and little changed quarter-over-quarter from 23.5% in Q1 2026.
Norfolk Southern (NSC) Tax Rate (2009 - 2026) Analysis & Trends
Norfolk Southern (NSC) has reported Tax Rate for 18 consecutive years, with 23.46% the latest figure, recorded in Q2 2026.
- In Q2 2026, Tax Rate rose 42.0% year-over-year to 23.46%; the TTM figure through Jun 2026 stood at 21.62% (down 103.0% YoY), while the FY2025 annual figure was 21.61%, up 37.0% from the prior year.
- Tax Rate held at 23.46% in Q2 2026 per NSC's latest filing, from 23.5% in the prior quarter.
- Across five years, Tax Rate topped out at 24.66% in Q2 2022 and bottomed at 76.67% in Q1 2024.
- Historically, Tax Rate has averaged 16.16% across 5 years, with a median of 22.95% in 2022.
- Annual changes were most pronounced in 2024 — Tax Rate tumbled 9795 bps — and 2025, when it jumped 9998 bps.
- Norfolk Southern's Tax Rate stood at 23.89% in 2022, then dropped by 20 bps to 19.05% in 2023, then climbed by 10 bps to 21.01% in 2024, then fell by 25 bps to 15.82% in 2025, then surged by 48 bps to 23.46% in 2026.
- Business Quant data shows NSC's Tax Rate at 23.46% in Q2 2026, 23.5% in Q1 2026, and 15.82% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 182.59 Bn | 180.48 Bn | 6.50 Bn | 22.00% |
| 2 | Csx | 95.78 Bn | 94.39 Bn | 3.29 Bn | 24.09% |
| 3 | Canadian Pacific Kansas City | 85.78 Bn | 85.51 Bn | 2.92 Bn | 24.65% |
| 4 | Canadian National Railway | 79.42 Bn | 79.42 Bn | - | -24.65% |
| 5 | Norfolk Southern | 78.72 Bn | 77.65 Bn | - | 23.46% |
| 6 | Westinghouse Air Brake Technologies | 50.39 Bn | 49.72 Bn | 1.16 Bn | 23.55% |
| 7 | Trinity Industries | 2.37 Bn | 2.21 Bn | 109.90 Mn | 23.73% |
| 8 | Greenbrier Companies | 1.42 Bn | 1.15 Bn | 81.10 Mn | 19.48% |
| 9 | Foster L B | 394.69 Mn | 388.91 Mn | 30.87 Mn | 42.85% |
| 10 | FreightCar America | 235.65 Mn | 171.36 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 23.46% |
| Jun 30, 2026 | 23.46% |
| Jun 30, 2026 | 23.46% |
| Mar 31, 2026 | 23.50% |
| Mar 31, 2026 | 23.50% |
| Mar 31, 2026 | 23.50% |
| Dec 31, 2025 | 15.82% |
| Dec 31, 2025 | 15.82% |
| Dec 31, 2025 | 15.82% |
| Sep 30, 2025 | 23.05% |
| Sep 30, 2025 | 23.05% |
| Sep 30, 2025 | 23.05% |
| Jun 30, 2025 | 23.05% |
| Jun 30, 2025 | 23.05% |
| Jun 30, 2025 | 23.05% |
| Mar 31, 2025 | 23.31% |
| Mar 31, 2025 | 23.31% |
| Mar 31, 2025 | 23.31% |
| Dec 31, 2024 | 21.01% |
| Dec 31, 2024 | 21.01% |