​

Norfolk Southern (NSC) Revenue & Revenue Breakdown

OverviewForecastOwnershipFinancialsChartTranscripts

Norfolk Southern Revenue Highlights

Latest Revenue (Y)

$12.18B

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
2025-12-31$12.18B0.47%
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 $12.18B in revenue during NA 2025, up 0.47% compared to the previous quarter, and up 124.43% 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 25Dec 24Dec 23Dec 22Dec 21
Railway Operating Revenues Market Group Coal$1.49B$1.61B$1.71B$1.73B$1.31B
Railway Operating Revenues Market Group Merchandise$7.68B$7.47B$7.35B$7.33B$6.67B
Railway Operating Revenues Market Group Intermodal$3.01B$3.04B$3.09B$3.68B$3.16B

Norfolk Southern's latest annual revenue breakdown by segment (product or service), as of Dec 25: Railway Operating Revenues Market Group Merchandise (63.09%), Railway Operating Revenues Market Group Intermodal (24.70%), and Railway Operating Revenues Market Group Coal (12.21%).

Quarterly Revenue by Product

Product/ServiceDec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20
Railway Operating Revenues Market Group Merchandise$1.88B$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
Railway Operating Revenues Market Group Intermodal$747.00M$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
Railway Operating Revenues Market Group Coal$347.00M$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

Norfolk Southern's latest quarterly revenue breakdown by segment (product or service), as of Dec 25: Railway Operating Revenues Market Group Merchandise (63.21%), Railway Operating Revenues Market Group Intermodal (25.12%), and Railway Operating Revenues Market Group Coal (11.67%).

Norfolk Southern Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
FDXFedEx$87.93B$23.47B
CMICummins$33.67B$8.32B
PCARPACCAR$28.44B$5.03B
PWRQuanta Services$28.35B$7.63B
CNICanadian National Railway$16.83B$5.73B
RSGRepublic Services$16.59B$4.21B
URIUnited Rentals$16.10B$4.23B
ITWIllinois Tool Works$16.04B$4.06B
CPCanadian Pacific Kansas City$15.08B$3.66B
CSXCSX$14.09B$4.46B
NSCNorfolk Southern$12.18B$3.10B

NSC Revenue FAQ

What is Norfolk Southern’s yearly revenue?

Norfolk Southern's yearly revenue for 2025 was $12.18B, representing an increase of 0.47% compared to 2024. The company's yearly revenue for 2024 was $12.12B, representing a decrease of -0.27% compared to 2023. NSC's yearly revenue for 2023 was $12.16B, representing a decrease of -4.62% compared to 2022.

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 (2023-2025) was 0.20%, and for the last 5 years (2021-2025) was 9.32%.

What are Norfolk Southern’s revenue streams?

Norfolk Southern's revenue streams in c 25 are Railway Operating Revenues Market Group Coal, Railway Operating Revenues Market Group Merchandise, and Railway Operating Revenues Market Group Intermodal. Railway Operating Revenues Market Group Coal generated $1.49B in revenue, accounting 12.21% of the company's total revenue, down -7.70% year-over-year. Railway Operating Revenues Market Group Merchandise generated $7.68B in revenue, accounting 63.09% of the company's total revenue, up 2.86% year-over-year. Railway Operating Revenues Market Group Intermodal generated $3.01B in revenue, accounting 24.70% of the company's total revenue, down -1.08% year-over-year.

What is Norfolk Southern’s main source of revenue?

For the fiscal year ending Dec 25, the largest source of revenue of Norfolk Southern was Railway Operating Revenues Market Group Merchandise. This segment made a revenue of $7.68B, representing 63.09% of the company's total revenue.