NSC financials
Norfolk Southern Corporation · end-of-day data as of Oct 16, 2026
Norfolk Southern Corporation
$326.92-6.4%
Hold · 21 analystsPT $351.17 +7.4%
NSC reported revenue of $3.46B for the quarter ended Jun 30, 2026 (Q2 FY2026), up 11.4% from a year earlier. It posted diluted EPS of $3.26, free cash flow of $615M and a net margin of 21.2%.
Valuation
- P/E27.9x
- P/E vs own+15.5%
- P/E vs sector-2.2%
- FCF yield+5.2%
- Market cap$73.43B
Quarterly results
Q2 FY2026: Revenue +11.4% year over year, free cash flow 17.7% of revenue, operating margin 32.4%.
RevenueFree cash flow
| Q2 FY2026 | Jun 30, 2026 | $3.46B | 3.26 | $615M | 66.8% | 32.4% | 21.2% |
| Q1 FY2026 | Mar 31, 2026 | $3B | 2.43 | -$38M | 43.1% | 29.3% | 18.2% |
| Q4 FY2025 | Dec 31, 2025 | $2.97B | 2.87 | $2.54B | 70.5% | 31.5% | 21.7% |
| Q3 FY2025 | Sep 30, 2025 | $3.1B | 3.16 | $720M | 33.2% | 33.2% | 22.9% |
| Q2 FY2025 | Jun 30, 2025 | $3.11B | 3.41 | $602M | 35.5% | 35.5% | 24.7% |
| Q1 FY2025 | Mar 31, 2025 | $2.99B | 3.31 | $501M | 31.3% | 31.3% | 25.1% |
| Q4 FY2024 | Dec 31, 2024 | $3.02B | 3.23 | $276M | 36.1% | 36.1% | 24.2% |
| Q3 FY2024 | Sep 30, 2024 | $3.05B | 4.85 | $645M | 41.2% | 41.2% | 36.0% |
| Q2 FY2024 | Jun 30, 2024 | $3.04B | 3.25 | $467M | 36.2% | 36.2% | 24.2% |
| Q1 FY2024 | Mar 31, 2024 | $3B | 0.23 | -$1.36B | 10.4% | 10.4% | 1.8% |
| Q4 FY2023 | Dec 31, 2023 | $3.07B | 2.33 | -$180M | 25.9% | 25.9% | 17.1% |
| Q3 FY2023 | Sep 30, 2023 | $2.97B | 2.10 | $112M | 25.2% | 25.2% | 16.1% |