Norfolk Southern (NSC) Revenue & Revenue Breakdown
Norfolk Southern Revenue Highlights
Latest Revenue (Y)
$12.16B
Latest Revenue (Q)
$3.04B
Main Segment (Y)
Railway Operating Revenues Market Group Merchandise
Norfolk Southern Revenue by Period
Norfolk Southern Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $12.16B | -4.62% |
| 2022-12-31 | $12.74B | 14.39% |
| 2021-12-31 | $11.14B | 13.82% |
| 2020-12-31 | $9.79B | -13.34% |
| 2019-12-31 | $11.30B | -1.41% |
| 2018-12-31 | $11.46B | 8.60% |
| 2017-12-31 | $10.55B | 6.71% |
| 2016-12-31 | $9.89B | -5.93% |
| 2015-12-31 | $10.51B | -9.58% |
| 2014-12-31 | $11.62B | 3.37% |
| 2013-12-31 | $11.24B | 1.86% |
| 2012-12-31 | $11.04B | -1.18% |
| 2011-12-31 | $11.17B | 17.40% |
| 2010-12-31 | $9.52B | 19.41% |
| 2009-12-31 | $7.97B | -25.25% |
| 2008-12-31 | $10.66B | 13.03% |
| 2007-12-31 | $9.43B | 0.27% |
| 2006-12-31 | $9.41B | 10.32% |
| 2005-12-31 | $8.53B | 16.62% |
| 2004-12-31 | $7.31B | 13.05% |
| 2003-12-31 | $6.47B | 3.16% |
| 2002-12-31 | $6.27B | 1.62% |
| 2001-12-31 | $6.17B | 0.18% |
| 2000-12-31 | $6.16B | 18.56% |
| 1999-12-31 | $5.20B | 23.08% |
| 1998-12-31 | $4.22B | -0.05% |
| 1997-12-31 | $4.22B | -11.47% |
| 1996-12-31 | $4.77B | 2.19% |
| 1995-12-31 | $4.67B | 1.89% |
| 1994-12-31 | $4.58B | 2.72% |
| 1993-12-31 | $4.46B | - |
Norfolk Southern generated $12.16B in revenue during NA 2023, up -4.62% compared to the previous quarter, and up 106.09% compared to the same period a year ago.
Norfolk Southern Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $3.04B | 1.33% |
| 2024-03-31 | $3.00B | -2.25% |
| 2023-12-31 | $3.07B | 3.43% |
| 2023-09-30 | $2.97B | -0.30% |
| 2023-06-30 | $2.98B | -4.85% |
| 2023-03-31 | $3.13B | -3.24% |
| 2022-12-31 | $3.24B | -3.17% |
| 2022-09-30 | $3.34B | 2.86% |
| 2022-06-30 | $3.25B | 11.49% |
| 2022-03-31 | $2.92B | 2.21% |
| 2021-12-31 | $2.85B | - |
| 2021-09-30 | $2.85B | 1.89% |
| 2021-06-30 | $2.80B | 6.06% |
| 2021-03-31 | $2.64B | 2.57% |
| 2020-12-31 | $2.57B | 2.67% |
| 2020-09-30 | $2.51B | 20.19% |
| 2020-06-30 | $2.08B | -20.57% |
| 2020-03-31 | $2.63B | -2.42% |
| 2019-12-31 | $2.69B | -5.32% |
| 2019-09-30 | $2.84B | -2.87% |
| 2019-06-30 | $2.92B | 2.99% |
| 2019-03-31 | $2.84B | -1.93% |
| 2018-12-31 | $2.90B | -1.73% |
| 2018-09-30 | $2.95B | 1.69% |
| 2018-06-30 | $2.90B | 6.66% |
| 2018-03-31 | $2.72B | 1.80% |
| 2017-12-31 | $2.67B | -0.04% |
| 2017-09-30 | $2.67B | 1.25% |
| 2017-06-30 | $2.64B | 2.41% |
| 2017-03-31 | $2.58B | 3.41% |
| 2016-12-31 | $2.49B | -1.35% |
| 2016-09-30 | $2.52B | 2.85% |
| 2016-06-30 | $2.45B | 1.40% |
| 2016-03-31 | $2.42B | -3.89% |
| 2015-12-31 | $2.52B | -7.19% |
| 2015-09-30 | $2.71B | - |
| 2015-06-30 | $2.71B | 5.69% |
| 2015-03-31 | $2.57B | -10.56% |
| 2014-12-31 | $2.87B | -5.06% |
| 2014-09-30 | $3.02B | -0.62% |
| 2014-06-30 | $3.04B | 13.13% |
| 2014-03-31 | $2.69B | -6.66% |
| 2013-12-31 | $2.88B | 2.02% |
| 2013-09-30 | $2.82B | 0.79% |
| 2013-06-30 | $2.80B | 2.34% |
| 2013-03-31 | $2.74B | 2.01% |
| 2012-12-31 | $2.68B | -0.33% |
| 2012-09-30 | $2.69B | -6.30% |
| 2012-06-30 | $2.87B | 3.05% |
| 2012-03-31 | $2.79B | -0.29% |
| 2011-12-31 | $2.80B | -3.18% |
| 2011-09-30 | $2.89B | 0.80% |
| 2011-06-30 | $2.87B | 9.39% |
| 2011-03-31 | $2.62B | 9.53% |
| 2010-12-31 | $2.39B | -2.61% |
| 2010-09-30 | $2.46B | 1.07% |
| 2010-06-30 | $2.43B | 8.58% |
| 2010-03-31 | $2.24B | 6.27% |
| 2009-12-31 | $2.11B | 2.08% |
| 2009-09-30 | $2.06B | 11.09% |
| 2009-06-30 | $1.86B | -4.43% |
| 2009-03-31 | $1.94B | -22.34% |
| 2008-12-31 | $2.50B | -13.55% |
| 2008-09-30 | $2.89B | 4.67% |
| 2008-06-30 | $2.77B | 10.60% |
| 2008-03-31 | $2.50B | - |
Norfolk Southern generated $3.04B in revenue during Q2 2024, up 1.33% compared to the previous quarter, and up 97.19% compared to the same period a year ago.
Norfolk Southern Revenue Breakdown
Norfolk Southern Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Railway Operating Revenues Market Group Coal | $1.71B | $1.73B | $1.31B | $1.05B | $1.67B |
| Railway Operating Revenues Market Group Intermodal | $3.09B | $3.68B | $3.16B | $2.65B | $2.82B |
| Railway Operating Revenues Market Group Merchandise | $7.35B | $7.33B | $6.67B | $6.09B | $6.80B |
Norfolk Southern's latest annual revenue breakdown by segment (product or service), as of Dec 23: Railway Operating Revenues Market Group Merchandise (60.49%), Railway Operating Revenues Market Group Intermodal (25.42%), and Railway Operating Revenues Market Group Coal (14.09%).
Quarterly Revenue by Product
| Product/Service | Jun 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Railway Operating Revenues Market Group Merchandise | $1.90B | $1.85B | $1.80B | $1.83B | $1.88B | $1.88B | $1.93B | $1.85B | $1.67B | $1.67B | $1.71B | $1.68B | $1.61B | $1.55B | $1.56B | $1.31B | $1.67B | $1.63B | $1.73B | $1.76B |
| Railway Operating Revenues Market Group Coal | $398.00M | $430.00M | $434.00M | $409.00M | $440.00M | $448.00M | $471.00M | $425.00M | $389.00M | $350.00M | $330.00M | $318.00M | $312.00M | $290.00M | $250.00M | $209.00M | $298.00M | $363.00M | $403.00M | $468.00M |
| Railway Operating Revenues Market Group Intermodal | $742.00M | $794.00M | $737.00M | $745.00M | $814.00M | $913.00M | $942.00M | $972.00M | $854.00M | $831.00M | $812.00M | $801.00M | $719.00M | $730.00M | $700.00M | $569.00M | $655.00M | $697.00M | $707.00M | $701.00M |
Norfolk Southern's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: Railway Operating Revenues Market Group Merchandise (62.55%), Railway Operating Revenues Market Group Intermodal (24.38%), and Railway Operating Revenues Market Group Coal (13.07%).
Norfolk Southern Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| UNP | Union Pacific | $24.12B | $6.01B |
| CNI | Canadian National Railway Company | $16.83B | $5.73B |
| CSX | CSX | $14.66B | $3.70B |
| CP | Canadian Pacific Railway | $12.55B | $3.60B |
| NSC | Norfolk Southern | $12.16B | $3.04B |
| WAB | Westinghouse Air Brake | $9.68B | $2.64B |
| GBX | Greenbrier Companies | $3.94B | $820.20M |
| TRN | Trinity Industries | $2.98B | - |
| FSTR | L.B. Foster Company | $543.74M | $140.80M |
NSC Revenue FAQ
What is Norfolk Southern’s yearly revenue?
Norfolk Southern's yearly revenue for 2023 was $12.16B, representing a decrease of -4.62% compared to 2022. The company's yearly revenue for 2022 was $12.74B, representing an increase of 14.39% compared to 2021. NSC's yearly revenue for 2021 was $11.14B, representing an increase of 13.82% compared to 2020.
What is Norfolk Southern’s quarterly revenue?
Norfolk Southern's quarterly revenue for Q2 2024 was $3.04B, a 1.33% increase from the previous quarter (Q1 2024), and a 2.15% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $3B, a -2.25% decrease from the previous quarter (Q4 2023), and a -4.09% decrease year-over-year (Q1 2023). NSC's quarterly revenue for Q4 2023 was $3.07B, a 3.43% increase from the previous quarter (Q3 2023), and a -5.07% decrease year-over-year (Q4 2022).
What is Norfolk Southern’s revenue growth rate?
Norfolk Southern's revenue growth rate for the last 3 years (2021-2023) was 9.10%, and for the last 5 years (2019-2023) was 7.61%.
What are Norfolk Southern’s revenue streams?
Norfolk Southern's revenue streams in c 23 are Railway Operating Revenues Market Group Coal, Railway Operating Revenues Market Group Intermodal, and Railway Operating Revenues Market Group Merchandise. Railway Operating Revenues Market Group Coal generated $1.71B in revenue, accounting 14.09% of the company's total revenue, down -1.15% year-over-year. Railway Operating Revenues Market Group Intermodal generated $3.09B in revenue, accounting 25.42% of the company's total revenue, down -16.06% year-over-year. Railway Operating Revenues Market Group Merchandise generated $7.35B in revenue, accounting 60.49% of the company's total revenue, up 0.30% year-over-year.
What is Norfolk Southern’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Norfolk Southern was Railway Operating Revenues Market Group Merchandise. This segment made a revenue of $7.35B, representing 60.49% of the company's total revenue.