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Norfolk Southern (NSC) Revenue & Revenue Breakdown

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Norfolk Southern Revenue Highlights

Latest Revenue (Y)

$12.12B

Latest Revenue (Q)

$3.10B

Main Segment (Y)

Railway Operating Revenues Market Group Merchandise

Norfolk Southern Revenue by Period

Norfolk Southern Revenue by Year

DateRevenueChange
2024-12-31$12.12B-0.27%
2023-12-31$12.16B-4.62%
2022-12-31$12.74B14.39%
2021-12-31$11.14B13.82%
2020-12-31$9.79B-13.34%
2019-12-31$11.30B-1.41%
2018-12-31$11.46B8.60%
2017-12-31$10.55B6.71%
2016-12-31$9.89B-5.93%
2015-12-31$10.51B-9.58%
2014-12-31$11.62B3.37%
2013-12-31$11.24B1.86%
2012-12-31$11.04B-1.18%
2011-12-31$11.17B17.40%
2010-12-31$9.52B19.41%
2009-12-31$7.97B-25.25%
2008-12-31$10.66B13.03%
2007-12-31$9.43B0.27%
2006-12-31$9.41B10.32%
2005-12-31$8.53B16.62%
2004-12-31$7.31B13.05%
2003-12-31$6.47B3.16%
2002-12-31$6.27B1.62%
2001-12-31$6.17B0.18%
2000-12-31$6.16B18.56%
1999-12-31$5.20B23.08%
1998-12-31$4.22B-0.05%
1997-12-31$4.22B-11.47%
1996-12-31$4.77B2.19%
1995-12-31$4.67B1.89%
1994-12-31$4.58B2.72%
1993-12-31$4.46B-

Norfolk Southern generated $12.12B in revenue during NA 2024, up -0.27% compared to the previous quarter, and up 107.32% compared to the same period a year ago.

Norfolk Southern Revenue by Quarter

DateRevenueChange
2025-09-30$3.10B-0.23%
2025-06-30$3.11B3.91%
2025-03-31$2.99B-1.03%
2024-12-31$3.02B-0.88%
2024-09-30$3.05B0.23%
2024-06-30$3.04B1.33%
2024-03-31$3.00B-2.25%
2023-12-31$3.07B3.43%
2023-09-30$2.97B-0.30%
2023-06-30$2.98B-4.85%
2023-03-31$3.13B-3.24%
2022-12-31$3.24B-3.17%
2022-09-30$3.34B2.86%
2022-06-30$3.25B11.49%
2022-03-31$2.92B2.21%
2021-12-31$2.85B-
2021-09-30$2.85B1.89%
2021-06-30$2.80B6.06%
2021-03-31$2.64B2.57%
2020-12-31$2.57B2.67%
2020-09-30$2.51B20.19%
2020-06-30$2.08B-20.57%
2020-03-31$2.63B-2.42%
2019-12-31$2.69B-5.32%
2019-09-30$2.84B-2.87%
2019-06-30$2.92B2.99%
2019-03-31$2.84B-1.93%
2018-12-31$2.90B-1.73%
2018-09-30$2.95B1.69%
2018-06-30$2.90B6.66%
2018-03-31$2.72B1.80%
2017-12-31$2.67B-0.04%
2017-09-30$2.67B1.25%
2017-06-30$2.64B2.41%
2017-03-31$2.58B3.41%
2016-12-31$2.49B-1.35%
2016-09-30$2.52B2.85%
2016-06-30$2.45B1.40%
2016-03-31$2.42B-3.89%
2015-12-31$2.52B-7.19%
2015-09-30$2.71B-
2015-06-30$2.71B5.69%
2015-03-31$2.57B-10.56%
2014-12-31$2.87B-5.06%
2014-09-30$3.02B-0.62%
2014-06-30$3.04B13.13%
2014-03-31$2.69B-6.66%
2013-12-31$2.88B2.02%
2013-09-30$2.82B0.79%
2013-06-30$2.80B2.34%
2013-03-31$2.74B2.01%
2012-12-31$2.68B-0.33%
2012-09-30$2.69B-6.30%
2012-06-30$2.87B3.05%
2012-03-31$2.79B-0.29%
2011-12-31$2.80B-3.18%
2011-09-30$2.89B0.80%
2011-06-30$2.87B9.39%
2011-03-31$2.62B9.53%
2010-12-31$2.39B-2.61%
2010-09-30$2.46B1.07%
2010-06-30$2.43B8.58%
2010-03-31$2.24B6.27%
2009-12-31$2.11B2.08%
2009-09-30$2.06B11.09%
2009-06-30$1.86B-4.43%
2009-03-31$1.94B-22.34%
2008-12-31$2.50B-13.55%
2008-09-30$2.89B4.67%
2008-06-30$2.77B10.60%
2008-03-31$2.50B-

Norfolk Southern generated $3.10B in revenue during Q3 2025, up -0.23% compared to the previous quarter, and up 101.94% compared to the same period a year ago.

Norfolk Southern Revenue Breakdown

Norfolk Southern Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 24Dec 23Dec 22Dec 21Dec 20
Railway Operating Revenues Market Group Merchandise$7.47B$7.35B$7.33B$6.67B$6.09B
Railway Operating Revenues Market Group Intermodal$3.04B$3.09B$3.68B$3.16B$2.65B
Railway Operating Revenues Market Group Coal$1.61B$1.71B$1.73B$1.31B$1.05B

Norfolk Southern's latest annual revenue breakdown by segment (product or service), as of Dec 24: Railway Operating Revenues Market Group Merchandise (61.62%), Railway Operating Revenues Market Group Intermodal (25.09%), and Railway Operating Revenues Market Group Coal (13.29%).

Quarterly Revenue by Product

Product/ServiceSep 25Jun 25Mar 25Dec 24Sep 24Jun 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
Railway Operating Revenues Market Group Merchandise$1.97B$1.97B$1.86B$3.71B$1.86B$1.90B$1.85B$1.80B$1.83B$1.88B$1.88B$1.93B$1.85B$1.67B$1.67B$1.71B$1.68B$1.61B$1.55B$1.56B
Railway Operating Revenues Market Group Intermodal$759.00M$743.00M$760.00M$1.54B$763.00M$742.00M$794.00M$737.00M$745.00M$814.00M$913.00M$942.00M$972.00M$854.00M$831.00M$812.00M$801.00M$719.00M$730.00M$700.00M
Railway Operating Revenues Market Group Coal$375.00M$395.00M$370.00M$786.00M$427.00M$398.00M$430.00M$434.00M$409.00M$440.00M$448.00M$471.00M$425.00M$389.00M$350.00M$330.00M$318.00M$312.00M$290.00M$250.00M

Norfolk Southern's latest quarterly revenue breakdown by segment (product or service), as of Sep 25: Railway Operating Revenues Market Group Merchandise (63.45%), Railway Operating Revenues Market Group Intermodal (24.46%), and Railway Operating Revenues Market Group Coal (12.09%).

Norfolk Southern Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
UPSUnited Parcel Service$91.07B$21.22B
FDXFedEx$87.93B$22.24B
CMICummins$34.10B$8.64B
PWRQuanta Services$23.67B$6.77B
CNICanadian National Railway$16.83B$5.73B
RSGRepublic Services$16.03B$4.24B
ITWIllinois Tool Works$15.90B$4.06B
URIUnited Rentals$15.35B$4.23B
CPCanadian Pacific Kansas City$14.55B$3.70B
NSCNorfolk Southern$12.12B$3.10B
CSXCSX-$4.46B

NSC Revenue FAQ

What is Norfolk Southern’s yearly revenue?

Norfolk Southern's yearly revenue for 2024 was $12.12B, representing a decrease of -0.27% compared to 2023. The company's yearly revenue for 2023 was $12.16B, representing a decrease of -4.62% compared to 2022. NSC's yearly revenue for 2022 was $12.74B, representing an increase of 14.39% compared to 2021.

What is Norfolk Southern’s quarterly revenue?

Norfolk Southern's quarterly revenue for Q3 2025 was $3.1B, a -0.23% decrease from the previous quarter (Q2 2025), and a 1.70% increase year-over-year (Q3 2024). The company's quarterly revenue for Q2 2025 was $3.11B, a 3.91% increase from the previous quarter (Q1 2025), and a 2.17% increase year-over-year (Q2 2024). NSC's quarterly revenue for Q1 2025 was $2.99B, a -1.03% decrease from the previous quarter (Q4 2024), and a -0.37% decrease year-over-year (Q1 2024).

What is Norfolk Southern’s revenue growth rate?

Norfolk Southern's revenue growth rate for the last 3 years (2022-2024) was -4.88%, and for the last 5 years (2020-2024) was 23.84%.

What are Norfolk Southern’s revenue streams?

Norfolk Southern's revenue streams in c 24 are Railway Operating Revenues Market Group Merchandise, Railway Operating Revenues Market Group Intermodal, and Railway Operating Revenues Market Group Coal. Railway Operating Revenues Market Group Merchandise generated $7.47B in revenue, accounting 61.62% of the company's total revenue, up 1.59% year-over-year. Railway Operating Revenues Market Group Intermodal generated $3.04B in revenue, accounting 25.09% of the company's total revenue, down -1.55% year-over-year. Railway Operating Revenues Market Group Coal generated $1.61B in revenue, accounting 13.29% of the company's total revenue, down -5.95% year-over-year.

What is Norfolk Southern’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Norfolk Southern was Railway Operating Revenues Market Group Merchandise. This segment made a revenue of $7.47B, representing 61.62% of the company's total revenue.