Norfolk Southern revenue
Norfolk Southern's revenue was $12.18bn in fiscal 2025, up 0.5% on the year before. Since fiscal 2009 ($7.97bn) it has grown at a compound 2.7% a year. Over the last twelve months it was $12.96bn.
Revenue history
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 8.0 | 9.5 | 11.2 | 11.0 | 11.2 | 11.6 | 10.5 | 9.9 | 10.6 | 11.5 | 11.3 | 9.8 | 11.1 | 12.7 | 12.2 | 12.1 | 12.2 | 13.0 |
| Growth on the year before | — | +19.4% | +17.4% | −1.2% | +1.9% | +3.4% | −9.6% | −5.9% | +6.7% | +8.6% | −1.4% | −13.3% | +13.8% | +14.4% | −4.6% | −0.3% | +0.5% | — |
Where the revenue comes from
| Line of business | Revenue | Share | YoY |
|---|---|---|---|
| Reportable | $12.2B | 100.0% | ▲ 0.5% |
| Railway Operating Revenues Market Group Merchandise (part of Reportable) | $7.7B | 63.1% | ▲ 2.9% |
| Railway Operating Revenues Market Group Intermodal (part of Reportable) | $3B | 24.7% | ▼ 1.1% |
| Railway Operating Revenues Market Group Coal (part of Reportable) | $1.5B | 12.2% | ▼ 7.7% |
From Norfolk Southern's 10-K filed February 9, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.
Revenue against peers
| Company | Revenue | Growth | 3-year growth a year |
|---|---|---|---|
| Norfolk Southern | $12.96bn | 6.0% | 1.7% |
| CSX Corporation | $14.94bn | 5.8% | 0.5% |
| Union Pacific Corporation | $26.36bn | 7.4% | 3.0% |
Compare with peers
Head to head: CSX vs NSCNSC vs UNP
More: Rail Transportation stocks compared, Industrials sector, rankings of US companies