Norfolk Southern (NSC) Wages, Salaries and Other (2009 - 2026)
Norfolk Southern (NSC) posted Wages, Salaries and Other of $744 million for Q2 2026, up 7.5% from $692 million a year earlier and up 0.5% from the prior quarter.
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Analysis
Norfolk Southern (NSC) Wages, Salaries and Other (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Wages, Salaries and Other at Norfolk Southern was $2.98 billion, up 5.6% year-over-year; for FY2025, it was $2.92 billion, up 3.5% from FY2024.
- Annual Wages, Salaries and Other has increased for five consecutive years, with a five-year compound annual growth rate of 4.3% (FY2020 to FY2025).
- In prior years, Norfolk Southern's Wages, Salaries and Other was $2.82 billion in FY2024 (+0.1%), $2.82 billion in FY2023 (+7.6%), $2.62 billion in FY2022 (+7.3%) and $2.44 billion in FY2021 (+2.9%).
- Quarterly Wages, Salaries and Other has run from a low of $598 million in Q4 2021 to a high of $753 million in Q4 2025 over five years.
- On a year-over-year basis, Wages, Salaries and Other has increased in each of the last four quarters, with growth averaging 1.9% over the last eight quarters.
- The strongest year-over-year quarter for Wages, Salaries and Other in the past five years was Q3 2022, with growth of 20.7%; the weakest was Q3 2024, with a decline of 3.5%.
- According to Business Quant data, Wages, Salaries and Other for the three prior quarters was $740 million (Q1 2026), $753 million (Q4 2025) and $738 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Wages (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 165.28 Bn | 159.81 Bn | - | 1.24 Bn |
| 2 | Csx | 87.86 Bn | 84.08 Bn | - | 831.00 Mn |
| 3 | Canadian Pacific Kansas City | 75.56 Bn | 75.27 Bn | - | 522.67 Mn |
| 4 | Norfolk Southern | 71.27 Bn | 65.91 Bn | - | 744.00 Mn |
| 5 | United Parcel Service | 69.70 Bn | 46.62 Bn | - | 12.65 Bn |
| 6 | Fedex | 68.71 Bn | 34.65 Bn | - | 8.57 Bn |
| 7 | Delta Air Lines | 55.32 Bn | 37.50 Bn | - | 4.76 Bn |
| 8 | Old Dominion Freight Line | 37.44 Bn | 36.71 Bn | - | 687.35 Mn |
| 9 | United Airlines Holdings | 36.52 Bn | -19.85 Bn | - | 4.69 Bn |
| 10 | Ryanair Holdings | 28.73 Bn | 12.74 Bn | 3.13 Bn | 553.63 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 744.00 Mn |
| Mar 31, 2026 | 740.00 Mn |
| Dec 31, 2025 | 753.00 Mn |
| Sep 30, 2025 | 738.00 Mn |
| Jun 30, 2025 | 692.00 Mn |
| Mar 31, 2025 | 739.00 Mn |
| Dec 31, 2024 | 697.00 Mn |
| Sep 30, 2024 | 690.00 Mn |
| Jun 30, 2024 | 700.00 Mn |
| Mar 31, 2024 | 736.00 Mn |
| Dec 31, 2023 | 721.00 Mn |
| Sep 30, 2023 | 715.00 Mn |
| Jun 30, 2023 | 693.00 Mn |
| Mar 31, 2023 | 690.00 Mn |
| Dec 31, 2022 | 653.00 Mn |
| Sep 30, 2022 | 735.00 Mn |
| Jun 30, 2022 | 614.00 Mn |
| Mar 31, 2022 | 619.00 Mn |
| Dec 31, 2021 | 598.00 Mn |
| Sep 30, 2021 | 609.00 Mn |
API Access
Norfolk Southern Wages, Salaries and Other 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=wages-salaries-and-other&ticker=NSC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "wages-salaries-and-other", "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=wages-salaries-and-other&ticker=NSC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();