NORFOLK SOUTHERN CORP is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: Norfolk Southern's Q1 2026 revenue was essentially flat at $3.0B (+0.2% YoY), but operating income plunged 23.5% to $877M and net income fell 27.1% to $547M, reflecting significant cost pressures that sharply compressed margins and operating cash flow.
Drawn from management commentary in the Q1 2026 10-Q:
Total revenue edged up just 0.2% YoY to $2.998B in Q1 2026 from $2.993B in Q1 2025, suggesting the company maintained its top-line but faced headwinds preventing meaningful growth in a challenging freight environment.
Operating margin contracted sharply by approximately 9 percentage points YoY, falling from 38.3% in Q1 2025 to 29.3% in Q1 2026, indicating that cost growth significantly outpaced revenue growth and weighed heavily on profitability.
Operating cash flow dropped 63.8% YoY to $344M from $950M, a steep decline that signals meaningful working capital headwinds or elevated cash operating costs beyond what is captured in net income alone.
Revenue
$3B
++0.17% YoY
EPS (Basic)
$2.43
-26.59% YoY
Operating Income
$877M
-23.47% YoY
Add NSC to your watchlist to get the AI analysis in your inbox within minutes of the 10-Q filing.