Short answer
Norfolk Southern (NSC) filed its Q2 2026 10-Q quarterly report on Jul 23, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $3.5B (up 11.4% year over year) with net income of $734M.
Q2 2026 key financials · XBRL
- Revenue
- $3.5B
- +11.4% YoY · +15.6% QoQ
- Net income
- $734M
- −4.4% YoY · +34.2% QoQ
- Operating margin
- 32.4%
- EPS (diluted)
- $3.26
- −4.4% YoY · +34.2% QoQ
Source: XBRL data from the Norfolk Southern (NSC) Q2 2026 10-Q on SEC EDGAR. USD.
Norfolk Southern Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Q2 revenue $3,465M, up 11% YoY from $3,110M
- GAAP operating margin 32.4% vs 37.8% YoY; adjusted margin 34.5% vs 36.6%
- Best segment Intermodal revenue $908M, up 22%; worst Agriculture, forest and consumer products revenue $673M, up 4%
- Operating cash flow $1.4B, down from $2.0B; cash $1.1B vs $1.5B at December 31, 2025
- Headwinds: fuel expense up 85%; merger expenses $51M; fuel expense expected higher for the remainder of the year
Risk Factors
- No material changes; 2025 Form 10-K risk factors incorporated by reference
- Merger Agreement restricts share repurchases without Union Pacific consent
- $6.3 billion remains authorized for repurchase as of June 30, 2026
- Repurchases suspended upon entering the Merger Agreement
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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