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NORFOLK SOUTHERN CORP Retained Earnings 2008-2026 | NSC

Annual FY2008–FY2025 · quarterly through Q2 FY2026

Latest annual · FY2025

$13.23B

+9.4%YoY vs FY2024Source: 10-KFY2025

From $8.50B in FY2008 to $13.23B in FY2025: 1.6× in 17 years.

By quarter▲▼ vs a year before
Fiscal yearQ1Q2Q3Q4
FY26$13.5B+9.6%$13.9B+10.7%Not reportedNot reported
FY25$12.3B+17.7%$12.6B+15.5%$12.9B+10.5%$13.2B+9.4%
FY24$10.4B−2.4%$10.9B+2.5%$11.7B+10.2%$12.1B+13.1%
FY23$10.7B−6.3%$10.6B−4.5%$10.6B−3.6%$10.7B0.0%
FY22$11.4B−10.4%$11.1B−10.4%$11.0B−8.4%$10.7B−7.7%

Shaded by size: darkest is the largest quarter shown; ringed is the latest reported; a dash marks a quarter with no separate figure. Each quarter sits by its period-end date.

Key Statistics

Trend DirectionGrowing
CAGR

+0.5%

FY2020
$12.88B
FY2025
$13.23B

5 years selected · on the chart

01—History

Retained Earnings History

Year-over-year comparison from 10-K annual reports

  18. $13.23B
YoY changeLargest recent move+36.0%in FY17Latest +9.4%

02—Ledger

Retained Earnings, period by period

PeriodValueChangeSource
FY2025$13.23B+9.4%10-K
FY2024$12.09B+13.1%10-K
FY2023$10.70B0.0%flat10-K
FY2022$10.70B−7.7%10-K
FY2021$11.59B−10.1%10-K
FY2020$12.88B−2.5%10-K
FY2019$13.21B−1.7%10-K
FY2018$13.44B−5.2%10-K
FY2017$14.18B+36.0%10-K
FY2016$10.43B+2.3%10-K
FY2015$10.19B−1.5%10-K
FY2014$10.35B+10.8%10-K
FY2013$9.34B+8.1%10-K
FY2012$8.64B−0.6%10-K
FY2011$8.69B−5.8%10-K
FY2010$9.22B+2.2%10-K
FY2009$9.03B+6.2%10-K
FY2008$8.50B—10-K

03—Questions

What is retained earnings?

Retained earnings represent the cumulative net income that has been reinvested in the business rather than distributed as dividends to shareholders.

What is NORFOLK SOUTHERN CORP's current retained earnings?

NORFOLK SOUTHERN CORP (NSC) annual retained earnings for 2025 was $13.23B, a 9.44% increase from 2024. NORFOLK SOUTHERN CORP retained earnings for the quarter ending June 30, 2026 was $13.91B.

What was NORFOLK SOUTHERN CORP's retained earnings in 2024?

NORFOLK SOUTHERN CORP annual retained earnings for 2024 was $12.09B, a 13.07% increase from 2023.

What was NORFOLK SOUTHERN CORP's retained earnings in 2023?

NORFOLK SOUTHERN CORP annual retained earnings for 2023 was $10.70B, a 0.02% decline from 2022.

What is NORFOLK SOUTHERN CORP's 5-year retained earnings CAGR?

NORFOLK SOUTHERN CORP retained earnings grew at a compound annual growth rate (CAGR) of 0.54% from FY2020 to FY2025, going from $12.88B to $13.23B over 5 years.

Company
NORFOLK SOUTHERN CORP
Ticker
NSC
Sector
Other
Industry
Railroads, Line-Haul Operating
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