Norfolk Southern Corp. revenue by year
Over the 10 fiscal years shown, revenue went from $9.89B (year ended Dec 31, 2016) to $12.18B (year ended Dec 31, 2025), a compound annual growth rate of 2.3%. The fastest growth was +14.4% in the year ended Dec 31, 2022; the weakest year was −13.3% (year ended Dec 31, 2020).
Annual revenue
| Fiscal year ended | Revenue (USD) | Change | XBRL concept | Reported in |
|---|---|---|---|---|
| Dec 31, 2025 | $12.18B | +0.5% | RevenueFromContractWithCustomerExcludingAssessedTax | 10-K filed Feb 9, 2026 |
| Dec 31, 2024 | $12.12B | −0.3% | RevenueFromContractWithCustomerExcludingAssessedTax | 10-K filed Feb 9, 2026 |
| Dec 31, 2023 | $12.16B | −4.6% | RevenueFromContractWithCustomerExcludingAssessedTax | 10-K filed Feb 9, 2026 |
| Dec 31, 2022 | $12.74B | +14.4% | RevenueFromContractWithCustomerExcludingAssessedTax | 10-K filed Feb 10, 2025 |
| Dec 31, 2021 | $11.14B | +13.8% | RevenueFromContractWithCustomerExcludingAssessedTax | 10-K filed Feb 5, 2024 |
| Dec 31, 2020 | $9.79B | −13.3% | RevenueFromContractWithCustomerExcludingAssessedTax | 10-K filed Feb 3, 2023 |
| Dec 31, 2019 | $11.30B | −1.4% | RevenueFromContractWithCustomerExcludingAssessedTax | 10-K filed Feb 4, 2022 |
| Dec 31, 2018 | $11.46B | +8.6% | RevenueFromContractWithCustomerExcludingAssessedTax | 10-K filed Feb 4, 2021 |
| Dec 31, 2017 | $10.55B | +6.7% | Revenues | 10-K filed Feb 5, 2018 |
| Dec 31, 2016 | $9.89B | −5.9% | Revenues | 10-K filed Feb 5, 2018 |
Norfolk Southern Corp. reported revenue under 2 different XBRL concepts across these years (often after the 2018 change in revenue-recognition rules, ASC 606). Each row shows the concept used, so you can judge comparability.
Quarterly revenue
Quarters reported in 10-Q filings. Fourth quarters are usually reported only inside the annual 10-K, so they are not listed separately here; we do not estimate them.
| Quarter | Revenue (USD) | vs same quarter a year earlier | Source |
|---|---|---|---|
| 3 months ended Sep 30, 2026 | $3.53B | +13.6% | 10-Q filed Oct 22, 2026 |
| 3 months ended Jun 30, 2026 | $3.46B | +11.4% | 10-Q filed Jul 23, 2026 |
| 3 months ended Mar 31, 2026 | $3.00B | +0.2% | 10-Q filed Apr 24, 2026 |
| 3 months ended Sep 30, 2025 | $3.10B | +1.7% | 10-Q filed Oct 22, 2026 |
| 3 months ended Jun 30, 2025 | $3.11B | +2.2% | 10-Q filed Jul 23, 2026 |
| 3 months ended Mar 31, 2025 | $2.99B | −0.4% | 10-Q filed Apr 24, 2026 |
| 3 months ended Sep 30, 2024 | $3.05B | +2.7% | 10-Q filed Oct 23, 2025 |
| 3 months ended Jun 30, 2024 | $3.04B | +2.1% | 10-Q filed Jul 29, 2025 |
Source: SEC EDGAR XBRL company facts for CIK 702165 (raw data). Most recent filing in this dataset: 10-Q filed Oct 22, 2026. SEC data file dated Nov 3, 2026; page built Nov 5, 2026. Figures are as most recently reported, including restatements. How we select figures.