NYSE$NSC
Norfolk Southern Corp · Q4 2025 earnings
Q4 2025 earnings · · Before market open · Investor relations
Briefing
Norfolk Southern reported Q4 2025 railway operating revenues of $3.0B with diluted EPS of $2.87.
Railway operating revenues were approximately $3.0 billion. Diluted EPS was $2.87 and adjusted diluted EPS $3.22. The railroad cited volume, fuel surcharge, and productivity initiatives. Management discussed service metrics and 2026 volume outlook.
- Q4 railway operating revenues ~$3.0B.
- Diluted EPS $2.87; adjusted EPS $3.22.
- Productivity and pricing supported results.
- Volume and industrial demand remain key swing factors.
Headline financials
Revenue & EPS history
Norfolk Southern · Revenue · Quarterly
$3B
Forward guidance
The release discusses Norfolk Southern's outlook for upcoming periods, including capital allocation, operating priorities, and market risks.
Tailwinds
- Norfolk Southern cites operational execution and demand trends supporting the outlook.
- Balance sheet and liquidity actions aim to fund growth and returns.
Headwinds
- Macro, pricing, and input-cost volatility could pressure margins.
- Segment mix and one-time items may affect quarter-to-quarter comparability.
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 Q4 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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