Latest period
225.10M
YoY change
-0.7%
5Y CAGR
-2.6%
Peak year (1987)
574.67M
Latest annual
224.80M
Shares Outstanding history chart for Norfolk Southern (NSC) from 1985 to 2025
Latest: 224.80M
Shares Outstanding growth chart for Norfolk Southern (NSC) from 1985 to 2025
Latest: -0.7%
Shares Outstanding history table for Norfolk Southern (NSC) from 1985 to 2025
| 2025 | 224.80M | -0.7% | -1.60M | ||
| 2024 | 226.40M | -0.4% | -1.00M | ||
| 2023 | 227.40M | -3.5% | -8.20M | ||
| 2022 | 235.60M | -5.0% | -12.50M | ||
| 2021 | 248.10M | -3.3% | -8.50M | ||
| 2020 | 256.60M | -3.4% | -9.00M | ||
| 2019 | 265.60M | -5.2% | -14.60M | ||
| 2018 | 280.20M | -3.5% | -10.10M | ||
| 2017 | 290.30M | -1.9% | -5.70M | ||
| 2016 | 296.00M | -2.8% | -8.40M | ||
| 2015 | 304.40M | -2.6% | -8.10M | ||
| 2014 | 312.50M | -1.0% | -3.00M | ||
| 2013 | 315.50M | -3.0% | -9.70M | ||
| 2012 | 325.20M | -7.4% | -26.10M | ||
| 2011 | 351.30M | -5.5% | -20.50M | ||
| 2010 | 371.80M | -0.1% | -300,000 | ||
| 2009 | 372.10M | -2.1% | -7.90M | ||
| 2008 | 380.00M | -4.5% | -17.80M | ||
| 2007 | 397.80M | -4.1% | -17.05M | ||
| 2006 | 414.85M | +0.7% | +2.95M | ||
| 2005 | 411.90M | +3.1% | +12.33M | ||
| 2004 | 399.57M | +2.3% | +9.06M | ||
| 2003 | 390.51M | +0.2% | +680,441 | ||
| 2002 | 389.83M | +0.8% | +3.23M | ||
| 2001 | 386.60M | +1.1% | +4.38M | ||
| 2000 | 382.22M | +0.8% | +2.86M | ||
| 1999 | 379.37M | -0.2% | -945,802 | ||
| 1998 | 380.31M | +0.2% | +837,197 | ||
| 1997 | 379.47M | -0.9% | -3.61M | ||
| 1996 | 383.08M | -3.3% | -13.03M | ||
| 1995 | 396.11M | -3.1% | -12.75M | ||
| 1994 | 408.86M | -3.1% | -13.00M | ||
| 1993 | 421.86M | -1.7% | -7.14M | ||
| 1992 | 429.00M | +1.1% | +4.71M | ||
| 1991 | 424.29M | -11.5% | -55.11M | ||
| 1990 | 479.40M | -8.3% | -43.19M | ||
| 1989 | 522.59M | -4.6% | -24.91M | ||
| 1988 | 547.50M | -4.7% | -27.17M | ||
| 1987 | 574.67M | +0.8% | +4.67M | ||
| 1986 | 570.00M | +0.3% | +1.59M | ||
| 1985 | 568.41M | — | — |
- 2025224.80M-0.7%
- 2024226.40M-0.4%
- 2023227.40M-3.5%
- 2022235.60M-5.0%
- 2021248.10M-3.3%
- 2020256.60M-3.4%
- 2019265.60M-5.2%
- 2018280.20M-3.5%
- 2017290.30M-1.9%
- 2016296.00M-2.8%
- 2015304.40M-2.6%
- 2014312.50M-1.0%
- 2013315.50M-3.0%
- 2012325.20M-7.4%
- 2011351.30M-5.5%
- 2010371.80M-0.1%
- 2009372.10M-2.1%
- 2008380.00M-4.5%
- 2007397.80M-4.1%
- 2006414.85M+0.7%
- 2005411.90M+3.1%
- 2004399.57M+2.3%
- 2003390.51M+0.2%
- 2002389.83M+0.8%
- 2001386.60M+1.1%
- 2000382.22M+0.8%
- 1999379.37M-0.2%
- 1998380.31M+0.2%
- 1997379.47M-0.9%
- 1996383.08M-3.3%
- 1995396.11M-3.1%
- 1994408.86M-3.1%
- 1993421.86M-1.7%
- 1992429.00M+1.1%
- 1991424.29M-11.5%
- 1990479.40M-8.3%
- 1989522.59M-4.6%
- 1988547.50M-4.7%
- 1987574.67M+0.8%
- 1986570.00M+0.3%
- 1985568.41M—
Shares Outstanding values are taken from Norfolk Southern's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Shares Outstanding at Norfolk Southern (NSC)
According to Norfolk Southern's latest reported financial statements, the company's latest reported diluted shares outstanding is 225.10M. Diluted weighted-average shares outstanding is the share count used to compute per-share metrics like EPS. Buybacks lower it; new issuance, stock-based compensation, and convertible securities raise it. Multiply by the stock price for market capitalization.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
2025's annual diluted shares outstanding for Norfolk Southern (NSC) came in at 224.80M – edged down 0.7% year-over-year.
Norfolk Southern diluted shares outstanding compound annual growth for the 2020–2025 (5 years) window is -2.6%, with a net decline across the window.
Norfolk Southern diluted shares outstanding plunged from 574.67M in 1987 to 224.80M in 2025, a 60.9% drawdown.
1987 marks the peak diluted shares outstanding at 574.67M, with the historical low of 224.80M recorded in 2025.
Norfolk Southern Shares Outstanding by Year
Norfolk Southern Shares Outstanding 2025: 224.80M
In 2025, Norfolk Southern reported diluted shares outstanding of 224.80M, edged down 0.7% below 2024. This figure represents the lowest annual value in the available history.
Norfolk Southern Shares Outstanding 2024: 226.40M
Norfolk Southern diluted shares outstanding in 2024 was 226.40M, edged down 0.4% below 2023.
Norfolk Southern Shares Outstanding 2023: 227.40M
2023's diluted shares outstanding for Norfolk Southern came in at 227.40M, edged down 3.5% below 2022.
Norfolk Southern Shares Outstanding 2022: 235.60M
Norfolk Southern posted diluted shares outstanding of 235.60M in 2022, declined 5.0% below 2021.
Norfolk Southern Shares Outstanding 2021: 248.10M
Norfolk Southern diluted shares outstanding in 2021 was 248.10M.
See more financial history for Norfolk Southern (NSC).
Sector peers by Shares Outstanding
Industrials peers of Norfolk Southern (NSC), ranked by their latest diluted shares outstanding
| 2.93B | |
| 1.36B | |
| 1.07B | |
| 762.30M | |
| 593.50M | |
| 469.00M | |
| 389.50M | |
| 271.70M |
- 2.93B
- 1.36B
- 1.07B
- 762.30M
- 593.50M
- 469.00M
- 389.50M
- 271.70M
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