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Norfolk Southern CorporationStock · IndustrialsS&P 500 0.1%
$350.74+$2.19 (+0.63%)as of market close, Jul 24, 2026
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How Norfolk Southern makes money

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How does Norfolk Southern make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Norfolk Southern Corporation · FY2025 · year ended 2025-12-31
Revenue$12.2BGross profit$12.2B · 100%Cost of revenue$0 · 0%Operating income$4.4B · 36%Operating expenses$7.8B · 64%Other opex$7.8B · 64%Pre-tax income$3.7B · 30%Other expense$691M · 6%Net income$2.9B · 24%Income tax$792M · 7%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.