Revenue for Norfolk Southern (NSC)
According to Norfolk Southern's latest reported financial statements, the company's current revenue (TTM) is $12.19B USD. Revenue is the total income from selling goods or services before any expenses. Unlike net income (earnings), revenue does not subtract operating costs, taxes, or other charges. Figures are in USD; chart and tables below use historical filings (not a live revenue-per-second estimate).
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
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TTM (last 4 quarters)
$12.19B
YoY change
+0.5%
5Y CAGR
+4.5%
Peak year (2022)
$12.74B
Cumulative revenue
$323.62B
Revenue history chart for Norfolk Southern (NSC) from 1985 to 2025
Revenue history table for Norfolk Southern (NSC) from 1985 to 2025
| Fiscal year | Period ended | Reported | Revenue | YoY |
|---|---|---|---|---|
| 2025 | $12.18B | +0.5% | ||
| 2024 | $12.12B | -0.3% | ||
| 2023 | $12.16B | -4.6% | ||
| 2022 | $12.74B | +14.4% | ||
| 2021 | $11.14B | +13.8% | ||
| 2020 | $9.79B | -13.3% | ||
| 2019 | $11.30B | -1.4% | ||
| 2018 | $11.46B | +8.6% | ||
| 2017 | $10.55B | +6.7% | ||
| 2016 | $9.89B | -5.9% | ||
| 2015 | $10.51B | -9.6% | ||
| 2014 | $11.62B | +3.4% | ||
| 2013 | $11.24B | +1.9% | ||
| 2012 | $11.04B | -1.2% | ||
| 2011 | $11.17B | +17.4% | ||
| 2010 | $9.52B | +19.4% | ||
| 2009 | $7.97B | -25.3% | ||
| 2008 | $10.66B | +13.0% | ||
| 2007 | $9.43B | +0.3% | ||
| 2006 | $9.41B | +10.3% | ||
| 2005 | $8.53B | +16.6% | ||
| 2004 | $7.31B | +13.0% | ||
| 2003 | $6.47B | +3.2% | ||
| 2002 | $6.27B | +1.6% | ||
| 2001 | $6.17B | +0.2% | ||
| 2000 | $6.16B | +18.6% | ||
| 1999 | $5.20B | +23.1% | ||
| 1998 | $4.22B | -0.0% | ||
| 1997 | $4.22B | -11.5% | ||
| 1996 | $4.77B | +2.2% | ||
| 1995 | $4.67B | +1.9% | ||
| 1994 | $4.58B | +2.7% | ||
| 1993 | $4.46B | -3.2% | ||
| 1992 | $4.61B | +3.5% | ||
| 1991 | $4.45B | -3.6% | ||
| 1990 | $4.62B | +1.8% | ||
| 1989 | $4.54B | +1.7% | ||
| 1988 | $4.46B | +8.5% | ||
| 1987 | $4.11B | +0.9% | ||
| 1986 | $4.08B | +6.6% | ||
| 1985 | $3.83B | — |
Revenue 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 revenue stands at $12.18B (2025) – edged up 0.5% year-over-year.
Over 2020–2025 (5 years), Norfolk Southern revenue expanded at a +4.5% compound annual rate, with the latest reading among the more recent periods of the dataset.
Between 2022 and 2025, Norfolk Southern revenue edged down 4.4%, falling from $12.74B to $12.18B.
The dataset's maximum revenue sits at $12.74B (2022); the minimum reading of $3.83B dates to 1985.
Norfolk Southern (NSC) sits 9th of 8 Industrials peers we track on this metric, against a peer median of $45.26B.
Norfolk Southern Revenue by Year
Norfolk Southern Revenue 2025: $12.18B
Norfolk Southern revenue in 2025 was $12.18B, edged up 0.5% from 2024.
Norfolk Southern Revenue 2024: $12.12B
Norfolk Southern revenue in 2024 was $12.12B, edged down 0.3% below 2023.
Norfolk Southern Revenue 2023: $12.16B
Norfolk Southern revenue in 2023 was $12.16B, edged down 4.6% below 2022.
Norfolk Southern Revenue 2022: $12.74B
Norfolk Southern revenue in 2022 was $12.74B, grew 14.4% from 2021. This figure represents the highest annual value in the available history.
Norfolk Southern Revenue 2021: $11.14B
Norfolk Southern revenue in 2021 was $11.14B.
See more financial history for Norfolk Southern (NSC).
Sector peers — Revenue
Companies in the same sector as Norfolk Southern, ranked by their latest revenue.
| Company | Revenue | Sector |
|---|---|---|
| The Boeing Company (BA) | $89.46B | Industrials |
| RTX Corporation (RTX) | $88.60B | Industrials |
| Caterpillar Inc. (CAT) | $67.59B | Industrials |
| GE Aerospace (GE) | $45.85B | Industrials |
| Deere & Company (DE) | $44.66B | Industrials |
| Honeywell International Inc. (HON) | $37.44B | Industrials |
| Eaton Corporation plc (ETN) | $27.45B | Industrials |
| Union Pacific Corporation (UNP) | $24.51B | Industrials |
Frequently asked questions
What is Norfolk Southern's revenue?
- Latest reported revenue for Norfolk Southern (NSC) is $12.19B (period ending March 31, 2026).
How has Norfolk Southern revenue changed year-over-year?
- Norfolk Southern (NSC) revenue changed +0.5% year-over-year on the latest annual filing.
What is the long-term growth rate of Norfolk Southern revenue?
- Norfolk Southern (NSC) revenue compound annual growth rate is +4.5% over the most recent 5 years available.
When did Norfolk Southern revenue hit its highest annual value?
- Norfolk Southern revenue reached its highest annual value of $12.74B in 2022.
What was Norfolk Southern revenue in 2024?
- Norfolk Southern (NSC) revenue in 2024 was $12.12B.
What was Norfolk Southern revenue in 2025?
- Norfolk Southern (NSC) revenue in 2025 was $12.18B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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