Norfolk Southern Corp splits its revenue into 3 lines in its filings. The largest line in fiscal 2025, which ended Dec 31, 2025 was Railway Operating Revenues Market Group Merchandise at $7.7 billion, 63% of the total.
USD in millions. The percent under a figure is the change from the year before.
| Line |
FY 2026
Sep 30, 2026
|
FY 2025
Dec 31, 2025
|
FY 2024
Dec 31, 2024
|
FY 2023
Dec 31, 2023
|
FY 2022
Dec 31, 2022
|
FY 2021
Dec 31, 2021
|
FY 2020
Dec 31, 2020
|
FY 2019
Dec 31, 2019
|
FY 2018
Dec 31, 2018
|
FY 2017
Dec 31, 2017
|
FY 2016
Dec 31, 2016
|
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
12,963
|
12,180
|
12,123
|
12,156
|
12,745
|
11,142
|
9,789
|
11,296
|
11,458
|
10,551
|
9,888
|
| Railway Operating Revenues Market Group Merchandise |
8,086
+5.8%
share 62.4%
|
7,684
+2.9%
share 63.1%
|
7,470
+1.6%
share 61.6%
|
7,353
+0.3%
share 60.5%
|
7,331
+9.9%
share 57.5%
|
6,669
+9.5%
share 59.9%
|
6,088
-10.5%
share 62.2%
|
6,803
+0.9%
share 60.2%
|
6,744
share 58.9%
|
—
|
—
|
| Railway Operating Revenues Market Group Intermodal |
3,323
+8.8%
share 25.6%
|
3,009
-1.1%
share 24.7%
|
3,042
-1.6%
share 25.1%
|
3,090
-16.1%
share 25.4%
|
3,681
+16.4%
share 28.9%
|
3,163
+19.2%
share 28.4%
|
2,654
-6.0%
share 27.1%
|
2,824
-2.4%
share 25.0%
|
2,893
share 25.2%
|
—
|
—
|
| Railway Operating Revenues Market Group Coal |
1,554
+1.6%
share 12.0%
|
1,487
-7.7%
share 12.2%
|
1,611
-6.0%
share 13.3%
|
1,713
-1.2%
share 14.1%
|
1,733
+32.3%
share 13.6%
|
1,310
+25.1%
share 11.8%
|
1,047
-37.3%
share 10.7%
|
1,669
-8.3%
share 14.8%
|
1,821
share 15.9%
|
—
|
—
|
How these figures are calculated
Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions. Each group is a separate split of total revenue, so the groups are not added together. Share of revenue is that line divided by total revenue. The first column adds the latest year-to-date segment amount to the last fiscal year and subtracts the year-ago year-to-date amount. More on our methodology.
Company profile
- Industry
- Railroads, Line-Haul Operating (SIC 4011)
- Listed as
- NSC (NYSE)
- Fiscal year ends
- December 31
- Incorporated in
- VA
- Headquarters
- Atlanta, GA
- SEC filer status
- Large accelerated filer
- SEC CIK
- 702165
Other Railroads, Line-Haul Operating companies
Source: SEC EDGAR filings. This is company-reported data, not investment advice.