Norfolk Southern Corporation Financial Statements FY2024-FY2026Q3

Norfolk Southern Corporation (NSC) Financial Statements in Beancount — Open Ledger

Norfolk Southern's income statement and balance sheet, FY2024 through FY2026Q3, as a public, auditable plain-text Beancount ledger — reconstructed line by line from the company's own Form 10-K and 10-Q filings and version-controlled in git. Part of the Open Ledger project on beancount.io.

Browse it live: beancount.io/ledger/open_ledger/norfolk-southern

Latest analysis: Norfolk Southern Q3 2026 Earnings: Record $3.53B Revenue, 67.4% Operating Ratio

Key Figures

Amounts in MUSD (millions of US dollars), exactly as the ledger records them.

What's Inside

Fiscal years end December 31. All figures sourced from Norfolk Southern Corporation Form 10-K and Form 10-Q filings (SEC EDGAR, CIK 0000702165). Each period's operating expenses include the filing's own merger-related, restructuring, and Eastern Ohio incident lines as labeled postings; Assets:NonCurrent:LongTermInvestments holds the Conrail and TTX equity stakes plus COLI, and repurchased shares are retired so the ledger carries no treasury-stock account.

Quick Start

uvx --from beancount bean-check main.bean
uvx --from beanquery bean-query main.bean \
  "SELECT year, sum(position) WHERE account ~ '^Income:Revenue' GROUP BY year ORDER BY year"

Zero output from bean-check means the ledger is internally consistent: every
income statement sums to zero and every balance-sheet snapshot reconciles to
the filed totals. The query prints revenue by calendar year; income is a
credit, so it shows as a negative number. Open main.bean in Fava
or import it into beancount.io to explore it visually.

Methodology

• Balance sheet — pad / balance directives assert each period-end
  figure against the filing named in that period file's source banner.
• Income statement — one zero-sum transaction per period: Income
  negative (credit), Expenses positive (debit), with the arithmetic check in
  a comment directly above it.
• Unit — MUSD; 3,526 MUSD means 3,526 million US dollars.
• Additional accounts — Assets:Current:Inventory,
  Assets:NonCurrent:LongTermInvestments, Expenses:Interest, opened beyond
  the standard chart (see each account's open line in main.bean).

Analysis

• Norfolk Southern Q3 2026 Earnings: Record $3.53B Revenue, 67.4% Operating Ratio — FY2026Q3

Corrections

Found a figure that does not match the filing? Email
[email protected] with the period, the account
and the filing page. Corrections are committed with the source cited.

About Open Ledger

Open Ledger is a growing library of public-company financial statements
published as plain-text accounting at
beancount.io/ledger — git-versioned, diffable
across companies, and auditable against primary filings. Read the analysis
behind the numbers on the beancount.io blog.

Disclaimer

This ledger is an independent reconstruction of Norfolk Southern Corporation's publicly filed
financial statements, provided for educational and informational purposes
only. It is not investment, financial, legal, tax, or accounting advice, and
is not an offer or recommendation to buy or sell any security. Beancount.io is
not affiliated with, endorsed by, or sponsored by Norfolk Southern Corporation; all trademarks
belong to their respective owners. Figures may contain errors, omissions, or
simplifications and may lag the latest filings — the company's own regulatory
filings are the authoritative source. Provided "as is" without warranty of any
kind; use at your own risk.