Norfolk Southern stock: Norfolk Southern reports USD 3.50 billion revenue

Published on 10/22/2026 at 16:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Adjusted EPS reached USD 3.62 in third quarter. Norfolk Southern stock costs EUR 296.75 on October 22, 2026, 1.73 percent above Xetra close.

Record revenue and earnings

Norfolk Southern reported USD 3.50 billion in third-quarter revenue on October 22, 2026.
Adjusted diluted earnings per share reached USD 3.62, up 10.00 percent year over year.
Norfolk Southern stock costs EUR 296.75 at Lang & Schwarz on October 22, 2026 at 4:00 p.m. CEST, 1.73 percent above the Xetra close.
The operating ratio was 67.40 percent, compared with 64.60 percent in the third quarter of 2025.

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Norfolk Southern (ISIN US6558441084) reported record third-quarter revenue of USD 3.50 billion on October 22, 2026, while adjusted diluted earnings per share rose to USD 3.62. The stock was trading at EUR 296.75 at Lang & Schwarz on October 22, 2026 at 4:00 p.m. CEST, up 1.73 percent versus the Xetra close of October 21, 2026 at EUR 291.70.

According to Norfolk Southern, railway operating revenue increased USD 423.00 million, or 14.00 percent, from the third quarter of 2025. Volume rose 3.00 percent, while higher fuel surcharges contributed eight percentage points of revenue growth.

Adjusted earnings outpaced consensus

The earnings quality was stronger on an adjusted basis. Morningstar reported on October 22, 2026 that adjusted earnings per share of USD 3.62 exceeded the FactSet consensus of USD 3.46 by USD 0.16. The company attributed the adjusted figures to the exclusion of merger-related expenses and effects from the Eastern Ohio incident.

What do the earnings mean for margins?

The operating ratio shows the main counterweight to the revenue gain. Norfolk Southern reported a 67.40 percent operating ratio for the third quarter of 2026, versus 64.60 percent in the third quarter of 2025. Its adjusted operating ratio was 65.40 percent, with the company identifying merger-related expenses and incident effects as adjustments.

Price position and valuation

Norfolk Southern stock remains inside its USD 277.80 to USD 358.60 52-week range, based on the latest quoted home-market figures from October 22, 2026. The primary-market quote was USD 331.23 at 2:02 p.m. UTC, while the market capitalization was USD 74.40 billion and the price-to-earnings ratio was 28.37.

The next investor date was the third-quarter earnings call at 10:00 a.m. ET on October 22, 2026, as MarketBeat reported. The same report stated that adjusted earnings per share were USD 3.62 against a USD 3.46 consensus estimate and revenue was USD 3.53 billion against USD 3.48 billion expected.

Stock stays below its yearly high

The euro quotation is 1.73 percent above the Xetra close of October 21, 2026, placing the German-market indication below the latest USD 358.60 home-market high. The financial picture therefore combines record revenue and a double-digit adjusted earnings increase with a higher reported operating ratio.

Norfolk Southern stock was trading at EUR 296.75 at Lang & Schwarz on October 22, 2026 at 4:00 p.m. CEST, 1.73 percent above the Xetra close of October 21, 2026 at EUR 291.70. The further course of trading is shown by the continuously updated real-time quote of Norfolk Southern stock.