NSC Norfolk Southern
Q3 2025 10-Q
Norfolk Southern (NSC) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Oct 23, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.
AI Filing AnalysisQ3 2025 10-Q
Management Discussion & Analysis
- • Q3 revenue $3,103M, up 2% YoY from $3,051M; 9-month revenue $9,206M, up 1% YoY from $9,099M
- • Operating ratio Q3 64.6% vs 47.7% YoY (GAAP); adjusted operating ratio 63.3% vs 63.4% YoY; 9-month adjusted ratio 64.8% vs 66.1% YoY
Risk Factors
- • Newly added merger completion risk triggered by pending Union Pacific shareholder and regulatory approvals, uncertain timing, and potential for termination fees
- • Materially updated regulatory risk: STB approval and regulatory conditions may delay mergers, increase costs, limit combined company’s freedom of action
Quarterly Financial SummaryXBRL
Revenue
$3.1B
▲ +1.7% YoY▼ -0.2% QoQ
Net Income
$711M
▼ -35.3% YoY▼ -7.4% QoQ
Net Margin
22.9%
▼ -1311bp YoY▼ -178bp QoQ
Source: XBRL data from Norfolk Southern Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.
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