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NORFOLK SOUTHERN CORP Total Operating Expenses 2007-2026 | NSC

Annual FY2007–FY2025 · quarterly through Q2 FY2026

Latest annual · FY2025

$7.82B

−2.8%YoY vs FY2024Source: 10-KFY2025

From $6.85B in FY2007 to $7.82B in FY2025: 1.1× in 18 years.

By quarter▲▼ vs a year before
Fiscal yearQ1Q2Q3Q4
FY26$2.1B+14.8%$2.3B+21.0%Not reportedNot reported
FY25$1.8B−33.8%$1.9B+1.2%$2.0B+37.8%$2.0B+7.6%
FY24$2.8B+15.3%$1.9B−20.4%$1.5B−34.3%$1.9B−16.4%
FY23$2.4B+32.3%$2.4B+21.5%$2.2B+7.0%$2.3B+10.2%
FY22$1.8B+12.7%$2.0B+21.3%$2.1B+20.7%$2.1B+19.3%
Share27%24%24%25%

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. Share: its typical part of the fiscal year.

Key Statistics

Trend DirectionDeclining
CAGR

+2.9%

FY2020
$6.79B
FY2025
$7.82B

5 years selected · on the chart

01—History

Total Operating Expenses History

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

  19. $7.82B
YoY changeLargest recent move+18.5%in FY22Latest −2.8%

1 older move runs past ±20% (largest −20.7%); point at, tap or drag across the bars to read one.

02—Ledger

Total Operating Expenses, period by period

PeriodValueChangeSource
FY2025$7.82B−2.8%10-K
FY2024$8.05B−13.5%10-K
FY2023$9.30B+17.3%10-K
FY2022$7.94B+18.5%10-K
FY2021$6.70B−1.4%10-K
FY2020$6.79B−7.1%10-K
FY2019$7.31B−2.6%10-K
FY2018$7.50B+6.7%10-K
FY2017$7.03B+2.2%10-K
FY2016$6.88B−9.8%10-K
FY2015$7.63B−5.2%10-K
FY2014$8.05B+0.8%10-K
FY2013$7.99B+0.9%10-K
FY2012$7.92B−0.5%10-K
FY2011$7.96B+16.4%10-K
FY2010$6.84B+13.9%10-K
FY2009$6.01B−20.7%10-K
FY2008$7.58B+10.7%10-K
FY2007$6.85B—10-K

03—Questions

What is total operating expenses?

Total operating expenses include all costs related to running the core business, including cost of goods sold, R&D, and SG&A.

What is NORFOLK SOUTHERN CORP's current total operating expenses?

NORFOLK SOUTHERN CORP (NSC) annual total operating expenses for 2025 was $7.82B, a 2.83% decline from 2024. NORFOLK SOUTHERN CORP total operating expenses for the quarter ending June 30, 2026 was $2.34B.

What was NORFOLK SOUTHERN CORP's total operating expenses in 2024?

NORFOLK SOUTHERN CORP annual total operating expenses for 2024 was $8.05B, a 13.47% decline from 2023.

What was NORFOLK SOUTHERN CORP's total operating expenses in 2023?

NORFOLK SOUTHERN CORP annual total operating expenses for 2023 was $9.30B, a 17.25% increase from 2022.

What is NORFOLK SOUTHERN CORP's 5-year total operating expenses CAGR?

NORFOLK SOUTHERN CORP total operating expenses grew at a compound annual growth rate (CAGR) of 2.88% from FY2020 to FY2025, going from $6.79B to $7.82B over 5 years.

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