Financial Statements — NSC
Balance Sheet
(in billions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 1.07 | 1.34 | 1.42 | 1.30 | 1.01 | 0.98 | 0.66 | 0.65 | 1.51 | 0.56 | 0.55 | 1.21 | 1.26 | 1.57 | 1.47 | 1.67 | 1.00 |
| Accounts Receivable | 1.18 | 1.12 | 1.10 | 1.12 | 1.23 | 1.30 | 1.19 | 1.20 | 1.21 | 1.09 | 1.17 | 1.15 | 1.21 | 1.07 | 0.95 | 0.94 | 0.94 |
| Total Current Assets | 2.80 | 3.02 | 3.04 | 2.91 | 2.70 | 2.69 | 2.30 | 2.36 | 3.14 | 2.03 | 2.12 | 2.72 | 2.86 | 3.02 | 2.72 | 3.01 | 2.30 |
| Property, Plant & Equipment | 36.63 | 36.44 | 36.11 | 35.92 | 35.80 | 35.39 | 35.28 | 35.05 | 32.67 | 32.47 | 32.24 | 31.84 | 31.79 | 31.66 | 31.43 | 31.36 | 31.31 |
| Total Non-current Assets* | 42.32 | 42.09 | 41.54 | 41.25 | 41.10 | 40.57 | 40.25 | 39.77 | 37.60 | 37.23 | 37.05 | 36.59 | 36.48 | 36.35 | 35.88 | 35.74 | 35.63 |
| Total Assets | 45.12 | 45.11 | 44.58 | 44.16 | 43.80 | 43.26 | 42.56 | 42.13 | 40.74 | 39.26 | 39.17 | 39.31 | 39.34 | 39.36 | 38.60 | 38.75 | 37.94 |
| Accounts Payable | 1.78 | 1.70 | 1.66 | 1.50 | 1.45 | 1.61 | 1.54 | 1.51 | 1.50 | 1.42 | 1.32 | 1.49 | 1.31 | 1.18 | 1.20 | 1.12 | 1.04 |
| Short-term Debt | -- | -- | -- | -- | -- | -- | 0.40 | 0.40 | 0.00 | 0.13 | 0.00 | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 3.37 | 3.34 | 3.52 | 3.67 | 3.45 | 3.68 | 3.67 | 3.45 | 2.91 | 2.99 | 2.82 | 2.80 | 2.61 | 3.15 | 2.41 | 2.80 | 2.25 |
| Long-term Debt | 15.97 | 16.49 | 16.48 | 16.46 | 16.66 | 16.64 | 16.94 | 17.18 | 16.18 | 14.59 | 14.59 | 14.46 | 14.45 | 13.69 | 13.27 | 12.67 | 12.12 |
| Total Non-current Liabilities* | 25.50 | 25.97 | 25.92 | 25.70 | 25.84 | 25.79 | 25.91 | 26.15 | 25.21 | 23.64 | 23.62 | 23.48 | 23.57 | 22.75 | 22.31 | 21.64 | 21.05 |
| Total Liabilities | 28.87 | 29.31 | 29.44 | 29.37 | 29.29 | 29.47 | 29.58 | 29.59 | 28.12 | 26.62 | 26.44 | 26.28 | 26.18 | 25.90 | 24.72 | 24.44 | 23.29 |
| Retained Earnings | 13.91 | 13.48 | 12.89 | 12.56 | 12.30 | 11.67 | 10.87 | 10.44 | 10.59 | 10.61 | 10.70 | 10.99 | 11.12 | 11.41 | 11.99 | 12.41 | 12.74 |
| Total Stockholder Equity | 16.25 | 15.80 | 15.14 | 14.79 | 14.51 | 13.79 | 12.98 | 12.54 | 12.62 | 12.64 | 12.73 | 13.02 | 13.15 | 13.46 | 13.89 | 14.32 | 14.64 |
* Derived from reported values
Income Statement
(in billions USD) (except per-share rows)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Total Revenue | 3.47 | 3.00 | 2.97 | 3.10 | 3.11 | 2.99 | 3.02 | 3.05 | 3.04 | 3.00 | 3.07 | 2.97 | 2.98 | 3.13 | 3.24 | 3.34 | 3.25 | 2.92 | 2.85 | 2.85 |
| Operating Income | 1.12 | 0.88 | 0.94 | 1.10 | 1.18 | 1.15 | 1.13 | 1.60 | 1.13 | 0.21 | 0.81 | 0.76 | 0.58 | 0.71 | 1.18 | 1.27 | 1.27 | 1.09 | 1.13 | 1.14 |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.20 | 0.20 | 0.18 | 0.17 | 0.18 | 0.18 | 0.18 | 0.17 | 0.17 | 0.17 | 0.16 |
| Pretax Income | 0.96 | 0.72 | 0.77 | 0.92 | 1.00 | 0.98 | 0.93 | 1.43 | 0.94 | 0.03 | 0.65 | 0.61 | 0.46 | 0.59 | 1.04 | 1.09 | 1.09 | 0.91 | 0.99 | 0.99 |
| Tax Provision | 0.23 | 0.17 | 0.12 | 0.21 | 0.23 | 0.23 | 0.20 | 0.33 | 0.21 | (0.02) | 0.12 | 0.14 | 0.11 | 0.13 | 0.25 | 0.14 | 0.27 | 0.21 | 0.23 | 0.23 |
| Net Income | 0.73 | 0.55 | 0.64 | 0.71 | 0.77 | 0.75 | 0.73 | 1.10 | 0.74 | 0.05 | 0.53 | 0.48 | 0.36 | 0.47 | 0.79 | 0.96 | 0.82 | 0.70 | 0.76 | 0.75 |
| Basic EPS | 3.26 | 2.43 | 2.88 | 3.16 | 3.41 | 3.31 | 3.23 | 4.86 | 3.26 | 0.23 | 2.33 | 2.11 | 1.56 | 2.04 | 3.41 | 4.11 | 3.46 | 2.94 | 3.13 | 3.07 |
| Diluted EPS | 3.26 | 2.43 | 2.87 | 3.16 | 3.41 | 3.31 | 3.24 | 4.85 | 3.25 | 0.23 | 2.32 | 2.10 | 1.56 | 2.04 | 3.40 | 4.10 | 3.45 | 2.93 | 3.11 | 3.06 |
Cash Flow Statement
(in billions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Operating Cash Flow | 1.05 | 0.34 | 1.06 | 1.27 | 1.08 | 0.95 | 0.95 | 1.23 | 1.04 | 0.84 | 0.67 | 0.66 | 0.67 | 1.17 | 0.80 | 1.41 | 1.02 | 0.99 | 0.94 | 1.22 |
| Capital Expenditures | 0.44 | 0.38 | 0.73 | 0.55 | 0.48 | 0.45 | 0.68 | 0.58 | 0.57 | 0.56 | 0.85 | 0.55 | 0.52 | 0.43 | 0.67 | 0.45 | 0.45 | 0.39 | 0.45 | 0.40 |
| Free Cash Flow* | 0.62 | (0.04) | 0.33 | 0.72 | 0.60 | 0.50 | 0.28 | 0.65 | 0.47 | 0.28 | (0.18) | 0.11 | 0.15 | 0.75 | 0.13 | 0.97 | 0.57 | 0.61 | 0.50 | 0.82 |
| Investing Cash Flow | (0.42) | (0.21) | (0.64) | (0.48) | (0.41) | (1.02) | 0.01 | (0.22) | (0.72) | (1.84) | (0.79) | (0.65) | (0.35) | (0.39) | (0.54) | (0.35) | (0.38) | (0.33) | (0.37) | (0.32) |
| Financing Cash Flow | (0.91) | (0.32) | (0.31) | (0.67) | (0.37) | (0.56) | (0.30) | (0.69) | (0.31) | 0.09 | 0.18 | 0.94 | (0.32) | (0.69) | (1.01) | (1.11) | (0.95) | 0.07 | (1.19) | (1.10) |
* Derived from reported values
Dividends Per Share
(USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Dividends Per Share | 1.35 | 1.35 | 1.35 | 1.35 | 1.35 | 1.35 | 1.35 | 1.35 | 1.35 | 1.35 | 1.35 | 1.35 | 1.35 | 1.35 | 1.24 | 1.24 | 1.24 | 1.24 | 1.09 | 1.09 |
