Operating Income for Norfolk Southern (NSC)
According to Norfolk Southern's latest reported financial statements, the company's current operating income (TTM) is $3.95B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$3.95B
YoY change
+6.5%
5Y CAGR
+3.4%
Peak year (2022)
$4.73B
Cumulative operating income
$86.41B
Operating Income history chart for Norfolk Southern (NSC) from 1985 to 2025
Operating Income history table for Norfolk Southern (NSC) from 1985 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $4.01B | +6.5% | ||
| 2024 | $3.76B | +34.0% | ||
| 2023 | $2.81B | -40.7% | ||
| 2022 | $4.73B | +8.4% | ||
| 2021 | $4.37B | +28.5% | ||
| 2020 | $3.40B | -12.7% | ||
| 2019 | $3.89B | -1.7% | ||
| 2018 | $3.96B | +12.4% | ||
| 2017 | $3.52B | +14.7% | ||
| 2016 | $3.07B | +6.6% | ||
| 2015 | $2.88B | -19.4% | ||
| 2014 | $3.57B | +9.8% | ||
| 2013 | $3.25B | +4.3% | ||
| 2012 | $3.12B | -2.7% | ||
| 2011 | $3.21B | +20.1% | ||
| 2010 | $2.67B | +36.0% | ||
| 2009 | $1.96B | -36.4% | ||
| 2008 | $3.08B | +19.8% | ||
| 2007 | $2.57B | +0.7% | ||
| 2006 | $2.56B | +18.5% | ||
| 2005 | $2.16B | +26.8% | ||
| 2004 | $1.70B | +60.0% | ||
| 2003 | $1.06B | -8.1% | ||
| 2002 | $1.16B | +15.0% | ||
| 2001 | $1.01B | +59.1% | ||
| 2000 | $633.00M | -11.8% | ||
| 1999 | $718.00M | -31.7% | ||
| 1998 | $1.05B | -13.3% | ||
| 1997 | $1.21B | +1.3% | ||
| 1996 | $1.20B | +10.2% | ||
| 1995 | $1.09B | +2.0% | ||
| 1994 | $1.07B | +23.8% | ||
| 1993 | $860.40M | -2.9% | ||
| 1992 | $886.50M | +691.5% | ||
| 1991 | $112.00M | -86.1% | ||
| 1990 | $808.10M | -2.1% | ||
| 1989 | $825.20M | -12.7% | ||
| 1988 | $945.20M | +800.2% | ||
| 1987 | $105.00M | -85.0% | ||
| 1986 | $702.00M | -2.4% | ||
| 1985 | $719.00M | — |
Operating 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
Norfolk Southern (NSC) most recent annual operating income stands at $4.01B (2025) – grew 6.5% year-over-year.
Norfolk Southern operating income compound annual growth for the 2020–2025 (5 years) window is +3.4%, sustaining 2 straight years of year-over-year growth.
Norfolk Southern operating income peaked at $4.73B in 2022; the latest annual figure is $4.01B in 2025 (15.3% below peak).
The dataset's maximum operating income sits at $4.73B (2022); the minimum reading of $105.00M dates to 1987.
Among 8 Industrials peers, Norfolk Southern (NSC) ranks 8th; the peer median for operating income is $8.59B.
Norfolk Southern Operating Income by Year
Norfolk Southern Operating Income 2025: $4.01B
Norfolk Southern operating income in 2025 was $4.01B, grew 6.5% from 2024.
Norfolk Southern Operating Income 2024: $3.76B
Norfolk Southern operating income in 2024 was $3.76B, surged 34.0% from 2023.
Norfolk Southern Operating Income 2023: $2.81B
Norfolk Southern operating income in 2023 was $2.81B, plunged 40.7% below 2022.
Norfolk Southern Operating Income 2022: $4.73B
Norfolk Southern operating income in 2022 was $4.73B, grew 8.4% from 2021. This figure represents the highest annual value in the available history.
Norfolk Southern Operating Income 2021: $4.37B
Norfolk Southern operating income in 2021 was $4.37B.
See more financial history for Norfolk Southern (NSC).
Sector peers — Operating Income
Companies in the same sector as Norfolk Southern, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Caterpillar Inc. (CAT) | $11.21B | Industrials |
| Union Pacific Corporation (UNP) | $9.84B | Industrials |
| RTX Corporation (RTX) | $8.89B | Industrials |
| GE Aerospace (GE) | $8.77B | Industrials |
| Deere & Company (DE) | $8.42B | Industrials |
| Honeywell International Inc. (HON) | $6.57B | Industrials |
| Eaton Corporation plc (ETN) | $5.23B | Industrials |
| The Boeing Company (BA) | -$5.42B | Industrials |
Frequently asked questions
What is Norfolk Southern's operating income?
- Latest reported operating income for Norfolk Southern (NSC) is $3.95B (period ending March 31, 2026).
How has Norfolk Southern operating income changed year-over-year?
- Norfolk Southern (NSC) operating income changed +6.5% year-over-year on the latest annual filing.
What is the long-term growth rate of Norfolk Southern operating income?
- Norfolk Southern (NSC) operating income compound annual growth rate is +3.4% over the most recent 5 years available.
When did Norfolk Southern operating income hit its highest annual value?
- Norfolk Southern operating income reached its highest annual value of $4.73B in 2022.
What was Norfolk Southern operating income in 2024?
- Norfolk Southern (NSC) operating income in 2024 was $3.76B.
What was Norfolk Southern operating income in 2025?
- Norfolk Southern (NSC) operating income in 2025 was $4.01B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
Explore more
NSC Overview
Company profile, financial tools, and key metrics
NSC Revenue Counter
Earns $386.38 every second. See per minute, hour, and day.
NSC Earnings Counter
Earns $84.67 per second net profit. See per minute, hour, and day.
NSC Economic Scale
Exceeds Somalia, Fed. Rep.'s GDP. Compare with world economies.
NSC What If Invested
What if you had invested $1,000? See historical returns from any date.
NSC How It Makes Money
Discover visual breakdown of $12.19B in revenue — where it comes from and where it goes.
NSC Stock Seasonality
Best and worst months to invest. Historical monthly returns heatmap.
NSC Price Target Scenarios
Model bear, base, and bull cases with EPS growth and exit P/E — pre-filled from analysts and history.
NSC Daily Price Character
Steady · 48.7% historical win rate (green days). Streaks & record days.
NSC Buybacks
0.44% TTM buyback yield. Shareholder yield & SBC comparison.
NSC Stock Split History
3 splits on record. Dates, ratios, and cumulative multiple.
NSC Dividend Profile
Yield: 1.73%. Safety: 5/8. See full history.
NSC Dividend Calculator
How much dividend income would $1,000 have earned? Calculate from any date.
NSC Dividend Forecast
Project future income with DRIP, growth assumptions, and optional monthly contributions.