NYSE$NSC
Norfolk Southern Corp · Q1 2025 earnings
Q1 2025 earnings · · Before market open · Investor relations
Briefing
Norfolk Southern reported Q1 2025 railway operating revenue of $2.99B with net income of $750M and diluted EPS of $3.31.
Railway operating revenues were $2.99 billion for the quarter ended March 31, 2025. Net income was $750 million ($3.31 diluted EPS), up sharply from $53 million a year ago when results included Eastern Ohio incident charges. Volume, fuel, and service metrics are central to the railroad outlook.
- Q1 railway operating revenue $2.99B.
- Net income $750M; diluted EPS $3.31.
- Operating ratio improved versus prior-year incident impact.
- Volume, labor, and regulatory developments drive guidance.
Headline financials
Revenue & EPS history
Norfolk Southern · Revenue · Quarterly
$2.99B
Forward guidance
Rail outlook tied to industrial production, fuel, and service metrics.
Tailwinds
- Yield and productivity initiatives support margins.
- Network investments improve service reliability.
Headwinds
- Freight volumes correlate with macro industrial demand.
- Labor and fuel costs remain variable.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2025
+0.5%
Avg return
Earnings day
+0.5%
Avg return
5 days after
+2.3%
Avg return
30 days after
57%
41 / 72 earnings
Positive
+11.7%
Q2 2024
Best reaction
-8.6%
Q3 2012
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.0% | -2.9% | -2.4% | |
| Q4 2025 | +1.9% | +4.9% | +10.6% | |
| Q3 2025 | -1.3% | -1.5% | +0.9% | |
| Q2 2025 | -3.0% | -4.0% | -3.0% | |
| Q1 2025 | +0.9% | +0.8% | +9.1% | |
| Q4 2024 | +1.8% | -0.8% | -2.6% | |
| Q3 2024 | +3.6% | +1.2% | +6.5% | |
| Q2 2024 | +11.7% | +12.8% | +8.7% | |
| Q1 2024 | -1.7% | -1.5% | -7.4% | |
| Q4 2023 | +0.2% | -1.1% | +8.5% | |
| Q3 2023 | -5.6% | -4.4% | +10.0% | |
| Q2 2023 | -0.1% | -1.2% | -11.1% | |
| Q1 2023 | -3.0% | +0.7% | +1.7% | |
| Q4 2022 | -5.7% | -6.9% | -12.2% | |
| Q3 2022 | +3.6% | +5.7% | +16.9% | |
| Q2 2022 | +0.1% | +3.4% | +3.4% | |
| Q1 2022 | +4.4% | +0.8% | -5.3% | |
| Q4 2021 | -1.8% | -1.0% | -5.2% | |
| Q3 2021 | +2.2% | +0.7% | -6.0% | |
| Q2 2021 | -2.6% | -2.6% | -0.8% | |
| Q1 2021 | -0.4% | +0.4% | -0.3% | |
| Q4 2020 | +1.6% | +0.8% | +5.9% | |
| Q3 2020 | +1.0% | +5.6% | +19.2% | |
| Q2 2020 | +2.0% | +2.9% | +16.2% | |
| Q1 2020 | +0.3% | -1.5% | +4.5% | |
| Q4 2019 | +4.8% | +1.1% | -10.9% | |
| Q3 2019 | -3.1% | -0.6% | +2.2% | |
| Q2 2019 | -4.6% | -2.4% | -13.9% | |
| Q1 2019 | +0.6% | +0.6% | -1.2% | |
| Q4 2018 | +0.6% | +1.7% | +11.6% | |
| Q3 2018 | +4.6% | +2.6% | +4.4% | |
| Q2 2018 | +5.7% | +5.0% | +9.0% | |
| Q1 2018 | +7.2% | +6.3% | +13.4% | |
| Q4 2017 | -2.3% | -0.2% | -6.0% | |
| Q3 2017 | +0.7% | +0.4% | -1.7% | |
| Q2 2017 | -5.0% | -5.4% | -0.7% | |
| Q1 2017 | +1.7% | +0.8% | +4.8% | |
| Q4 2016 | +2.5% | +2.6% | +3.0% | |
| Q3 2016 | -2.1% | -0.3% | +11.9% | |
| Q2 2016 | -2.9% | -4.5% | -0.5% | |
| Q1 2016 | +9.8% | — | — | |
| Q4 2015 | +1.8% | — | — | |
| Q3 2015 | +4.7% | — | — | |
| Q2 2015 | +2.4% | — | — | |
| Q1 2015 | -3.4% | — | — | |
| Q4 2014 | -0.6% | — | — | |
| Q3 2014 | -1.8% | — | — | |
| Q2 2014 | +0.2% | — | — | |
| Q1 2014 | -1.9% | — | — | |
| Q4 2013 | +5.6% | — | — | |
| Q3 2013 | +9.0% | — | — | |
| Q2 2013 | -3.5% | — | — | |
| Q1 2013 | -0.2% | — | — | |
| Q4 2012 | +2.6% | — | — | |
| Q3 2012 | -8.6% | — | — | |
| Q2 2012 | -0.7% | — | — | |
| Q1 2012 | +5.1% | — | — | |
| Q4 2011 | -2.8% | — | — | |
| Q3 2011 | -1.6% | — | — | |
| Q2 2011 | -1.7% | — | — | |
| Q1 2011 | +0.5% | — | — | |
| Q4 2010 | +0.1% | — | — | |
| Q4 2009 | +0.1% | — | — | |
| Q3 2010 | +1.6% | — | — | |
| Q2 2010 | +2.8% | — | — | |
| Q1 2009 | +1.1% | — | — | |
| Q1 2010 | +1.4% | — | — | |
| Q2 2009 | +0.7% | — | — | |
| Q4 2007 | +0.7% | — | — | |
| Q3 2009 | -1.1% | — | — | |
| Q3 2008 | -1.1% | — | — | |
| Q4 2008 | -1.1% | — | — |
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