Net Income for Norfolk Southern (NSC)
According to Norfolk Southern's latest reported financial statements, the company's current net income (TTM) is $2.67B USD. Net income is the bottom-line profit after all expenses — cost of goods sold, operating expenses, interest, and taxes — are subtracted from revenue. It is the figure used to compute earnings per share (EPS) and is the residual available to shareholders.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingNet IncomeSwitch metric
TTM (last 4 quarters)
$2.67B
YoY change
+9.6%
5Y CAGR
+7.4%
Peak year (2017)
$5.40B
Cumulative net income
$56.33B
Net Income history chart for Norfolk Southern (NSC) from 1985 to 2025
Net Income history table for Norfolk Southern (NSC) from 1985 to 2025
| Fiscal year | Period ended | Reported | Net Income | YoY |
|---|---|---|---|---|
| 2025 | $2.87B | +9.6% | ||
| 2024 | $2.62B | +43.5% | ||
| 2023 | $1.83B | -44.1% | ||
| 2022 | $3.27B | +8.8% | ||
| 2021 | $3.00B | +49.3% | ||
| 2020 | $2.01B | -26.0% | ||
| 2019 | $2.72B | +2.1% | ||
| 2018 | $2.67B | -50.7% | ||
| 2017 | $5.40B | +224.0% | ||
| 2016 | $1.67B | +7.2% | ||
| 2015 | $1.56B | -22.2% | ||
| 2014 | $2.00B | +4.7% | ||
| 2013 | $1.91B | +9.2% | ||
| 2012 | $1.75B | -8.7% | ||
| 2011 | $1.92B | +28.1% | ||
| 2010 | $1.50B | +44.7% | ||
| 2009 | $1.03B | -39.7% | ||
| 2008 | $1.72B | +17.2% | ||
| 2007 | $1.46B | -1.1% | ||
| 2006 | $1.48B | +15.6% | ||
| 2005 | $1.28B | +38.8% | ||
| 2004 | $923.00M | +72.5% | ||
| 2003 | $535.00M | +16.3% | ||
| 2002 | $460.00M | +22.7% | ||
| 2001 | $375.00M | +118.0% | ||
| 2000 | $172.00M | -28.0% | ||
| 1999 | $239.00M | -67.4% | ||
| 1998 | $734.00M | +1.8% | ||
| 1997 | $721.00M | -6.4% | ||
| 1996 | $770.40M | +8.1% | ||
| 1995 | $712.70M | +6.7% | ||
| 1994 | $667.80M | -13.5% | ||
| 1993 | $772.00M | +38.4% | ||
| 1992 | $557.70M | +1777.8% | ||
| 1991 | $29.70M | -94.7% | ||
| 1990 | $556.10M | -8.3% | ||
| 1989 | $606.20M | -4.6% | ||
| 1988 | $635.10M | +268.4% | ||
| 1987 | $172.40M | -66.8% | ||
| 1986 | $518.70M | +3.7% | ||
| 1985 | $500.20M | — |
Net Income values are taken from Norfolk Southern's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
In 2025, Norfolk Southern (NSC) net income totalled $2.87B – grew 9.6% year-over-year.
Norfolk Southern net income has grown for 2 consecutive years, with a +7.4% compound annual growth rate over 2020–2025 (5 years).
Norfolk Southern net income plunged from $5.40B in 2017 to $2.87B in 2025, a 46.8% drawdown.
The dataset's maximum net income sits at $5.40B (2017); the minimum reading of $29.70M dates to 1991.
Among 8 Industrials peers, Norfolk Southern (NSC) ranks 8th; the peer median for net income is $5.88B.
Norfolk Southern Net Income by Year
Norfolk Southern Net Income 2025: $2.87B
Norfolk Southern net income in 2025 was $2.87B, grew 9.6% from 2024.
Norfolk Southern Net Income 2024: $2.62B
Norfolk Southern net income in 2024 was $2.62B, surged 43.5% from 2023.
Norfolk Southern Net Income 2023: $1.83B
Norfolk Southern net income in 2023 was $1.83B, plunged 44.1% below 2022.
Norfolk Southern Net Income 2022: $3.27B
Norfolk Southern net income in 2022 was $3.27B, grew 8.8% from 2021.
Norfolk Southern Net Income 2021: $3.00B
Norfolk Southern net income in 2021 was $3.00B.
See more financial history for Norfolk Southern (NSC).
Sector peers — Net Income
Companies in the same sector as Norfolk Southern, ranked by their latest net income.
| Company | Net Income | Sector |
|---|---|---|
| Caterpillar Inc. (CAT) | $8.87B | Industrials |
| GE Aerospace (GE) | $8.70B | Industrials |
| Union Pacific Corporation (UNP) | $7.14B | Industrials |
| RTX Corporation (RTX) | $6.73B | Industrials |
| Deere & Company (DE) | $5.03B | Industrials |
| Honeywell International Inc. (HON) | $4.73B | Industrials |
| Eaton Corporation plc (ETN) | $4.09B | Industrials |
| The Boeing Company (BA) | $2.23B | Industrials |
Frequently asked questions
What is Norfolk Southern's net income?
- Latest reported net income for Norfolk Southern (NSC) is $2.67B (period ending March 31, 2026).
How has Norfolk Southern net income changed year-over-year?
- Norfolk Southern (NSC) net income changed +9.6% year-over-year on the latest annual filing.
What is the long-term growth rate of Norfolk Southern net income?
- Norfolk Southern (NSC) net income compound annual growth rate is +7.4% over the most recent 5 years available.
When did Norfolk Southern net income hit its highest annual value?
- Norfolk Southern net income reached its highest annual value of $5.40B in 2017.
What was Norfolk Southern net income in 2024?
- Norfolk Southern (NSC) net income in 2024 was $2.62B.
What was Norfolk Southern net income in 2025?
- Norfolk Southern (NSC) net income in 2025 was $2.87B.
Metrics overview
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