What is the current annual operating margin of NSC?

As of today, NSC annual operating margin is 35.94%

What is 1-year change in NSC annual operating margin?

NSC annual operating margin is up +15.75% year-over-year

What is 3-year change in NSC annual operating margin?

NSC annual operating margin is down -3.23% over the past 3 years

How far is NSC annual operating margin from its all-time high?

NSC annual operating margin is currently -8.27% below its historical high of 39.18% set on December 31, 2021

How does NSC annual operating margin rank versus sector peers?

NSC annual operating margin is higher than 96.39% of companies in Industrials sector

When is NSC next annual earnings release?

As of today, the next annual earnings release for NSC has not been scheduled

What is the current quarterly operating margin of NSC?

As of today, NSC quarterly operating margin is 30.99%

What is NSC quarterly operating margin most recent change?

NSC quarterly operating margin was up +4.73% on March 31, 2026

What is 1-year change in NSC quarterly operating margin?

NSC quarterly operating margin is down -1.12% year-over-year

How far is NSC quarterly operating margin from its all-time high?

NSC quarterly operating margin is currently -65.78% below its historical high of 90.55% set on December 31, 1996

How does NSC quarterly operating margin rank versus sector peers?

NSC quarterly operating margin is higher than 95.08% of companies in Industrials sector

When is NSC next earnings release?

The next earnings release for NSC is on July 29, 2026

NSC Operating Margin History & Chart Since 1980

Annual Operating Margin

35.94%4.89%+15.75%

December 31, 2025

Summary

Current Value: As of today, NSC annual operating margin is 35.94%, up +15.75% on December 31, 2025
Historical Performance: NSC annual operating margin is down -3.23% over the past 3 years, up +3.57% over the past 5 years
All-Time High Comparison: NSC annual operating margin is currently -8.27% below its historical high of 39.18% set on December 31, 2021
3-Year Low Comparison: NSC annual operating margin is +55.58% above its 3-year low of 23.10% reached on December 31, 2023
Sector Comparison: NSC annual operating margin is higher than 96.39% of companies in Industrials sector

Operating Margin Chart

Performance

NSC Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Operating Margin	Dec 31, 25	35.94%	+15.8%	-3.2%	+3.6%	+28.1%
Quarterly Operating Margin	Mar 31, 26	30.99%	-1.1%	+37.1%	-19.1%	+35.3%
Price	Apr 27, 26	$318.89	+43.8%	+57.1%	+12.3%	+331.7%
PE Ratio	Apr 27, 26	26.88	+77.5%	+72.2%	-14.4%	+53.6%
Annual Revenue	Dec 31, 25	$12.18B	+0.5%	-4.4%	+24.4%	+28.0%
Annual Operating Profit	Dec 31, 25	$4.38B	+16.3%	-7.5%	+28.9%	+64.0%
Annual Gross Margin	Dec 31, 25	35.94%	+15.8%	-3.2%	+3.6%	+28.1%
Annual Net Margin	Dec 31, 25	23.59%	+9.2%	-8.0%	+14.9%	+50.8%

Operating Margin Highs

NSC Annual Operating Margin Highs Comparison
Period	High	Date	Current
3Y	37.14%	N/A	-3.2%
5Y	39.18%	Dec 31, 21	-8.3%
All	39.18%	Dec 31, 21	-8.3%

Operating Margin Lows

NSC Annual Operating Margin Lows Comparison
Period	Low	Date	Current
3Y	23.10%	Dec 31, 23	+55.6%
5Y	23.10%	Dec 31, 23	+55.6%
All	12.96%	Dec 31, 00	+177.3%

Operating Margin History

Year	Value	Change
2025	35.94%	+15.7%
2024	31.05%	+34.4%
2023	23.10%	-37.8%
2022	37.14%	-5.2%
2021	39.18%	+12.9%
2020	34.70%	+0.7%
2019	34.46%	-0.3%
2018	34.55%	+3.5%
2017	33.38%	+7.5%
2016	31.05%	+13.4%
2015	27.39%	-10.8%
2014	30.71%	+6.2%
2013	28.91%	+2.4%
2012	28.24%	-1.6%
2011	28.70%	+2.3%
2010	28.05%	+13.9%
2009	24.62%	-14.9%
2008	28.93%	+6.0%
2007	27.29%	+0.4%
2006	27.18%	+7.4%
2005	25.31%	+8.7%
2004	23.28%	+28.6%
2003	18.10%	-2.0%

Year	Value	Change
2002	18.47%	+13.2%
2001	16.32%	+25.9%
2000	12.96%	-12.2%
1999	14.76%	-48.8%
1998	28.83%	+0.4%
1997	28.72%	+22.5%
1996	23.44%	+0.7%
1995	23.27%	+0.0%
1994	23.26%	+20.6%
1993	19.29%	+0.3%
1992	19.24%	+8.2%
1991	17.79%	+1.7%
1990	17.50%	-3.8%
1989	18.19%	-14.2%
1988	21.19%	+20.1%
1987	17.64%	+2.4%
1986	17.22%	-8.4%
1985	18.80%	-9.7%
1984	20.83%	+20.6%
1983	17.27%	+1.0%
1982	17.10%	-21.8%
1981	21.86%	+10.0%
1980	19.88%	-

FAQ

What is the current annual operating margin of NSC?
As of today, NSC annual operating margin is 35.94%
What is 1-year change in NSC annual operating margin?
NSC annual operating margin is up +15.75% year-over-year
What is 3-year change in NSC annual operating margin?
NSC annual operating margin is down -3.23% over the past 3 years
How far is NSC annual operating margin from its all-time high?
NSC annual operating margin is currently -8.27% below its historical high of 39.18% set on December 31, 2021
How does NSC annual operating margin rank versus sector peers?
NSC annual operating margin is higher than 96.39% of companies in Industrials sector
When is NSC next annual earnings release?
As of today, the next annual earnings release for NSC has not been scheduled

Quarterly Operating Margin

30.99%1.40%+4.73%

March 31, 2026

Summary

Current Value: As of today, NSC quarterly operating margin is 30.99%, up +4.73% on March 31, 2026
Historical Performance: NSC quarterly operating margin is down -1.12% year-over-year, up +37.06% over the past 3 years
All-Time High Comparison: NSC quarterly operating margin is currently -65.78% below its historical high of 90.55% set on December 31, 1996
3-Year Low Comparison: NSC quarterly operating margin is +198.27% above its 3-year low of 10.39% reached on March 31, 2024
Sector Comparison: NSC quarterly operating margin is higher than 95.08% of companies in Industrials sector

Performance

NSC Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Operating Margin	Mar 31, 26	30.99%	+4.7%	-1.1%	+37.1%	-19.1%
Annual Operating Margin	Dec 31, 25	35.94%	–	+15.8%	-3.2%	+3.6%
Price	Apr 27, 26	$318.89	+12.1%	+43.8%	+57.1%	+12.3%
PE Ratio	Apr 27, 26	26.88	+20.4%	+77.5%	+72.2%	-14.4%
Quarterly Revenue	Mar 31, 26	$3.00B	+0.8%	+0.2%	-4.3%	+13.6%
Quarterly Operating Profit	Mar 31, 26	$929.00M	+5.6%	-1.0%	+31.2%	-8.1%
Quarterly Gross Margin	Mar 31, 26	30.99%	+4.7%	-1.1%	+37.1%	-19.1%
Quarterly Net Margin	Mar 31, 26	18.25%	-15.6%	-27.1%	+22.9%	-28.3%

Quarterly Operating Margin Highs

NSC Quarterly Operating Margin Highs Comparison
Period	High	Date	Current
1Y	35.50%	Jun 30, 25	-12.7%
3Y	41.17%	Sep 30, 24	-24.7%
5Y	41.17%	Sep 30, 24	-24.7%
All	90.55%	Dec 31, 96	-65.8%

Quarterly Operating Margin Lows

NSC Quarterly Operating Margin Lows Comparison
Period	Low	Date	Current
1Y	29.59%	Dec 31, 25	+4.7%
3Y	10.39%	Mar 31, 24	+198.3%
5Y	10.39%	Mar 31, 24	+198.3%
All	-278.20%	Dec 31, 87	+111.1%

Quarterly Operating Margin History

Month	Value	Change
Mar 2026	30.99%	+4.7%
Dec 2025	29.59%	-10.8%
Sep 2025	33.16%	-6.6%
Jun 2025	35.50%	+13.3%
Mar 2025	31.34%	-13.3%
Dec 2024	36.14%	-12.2%
Sep 2024	41.17%	+13.6%
Jun 2024	36.24%	+248.8%
Mar 2024	10.39%	-59.8%
Dec 2023	25.87%	+2.7%
Sep 2023	25.18%	+34.7%
Jun 2023	18.69%	-17.3%
Mar 2023	22.61%	-36.7%
Dec 2022	35.71%	-4.9%
Sep 2022	37.54%	-1.9%
Jun 2022	38.25%	+3.3%
Mar 2022	37.02%	-6.0%
Dec 2021	39.38%	-0.7%
Sep 2021	39.66%	+0.9%
Jun 2021	39.30%	+2.6%
Mar 2021	38.31%	+0.2%
Dec 2020	38.24%	+14.1%
Sep 2020	33.52%	+14.6%
Jun 2020	29.26%	-19.4%
Mar 2020	36.30%	+1.5%
Dec 2019	35.76%	+5.4%
Sep 2019	33.93%	-6.8%
Jun 2019	36.41%	+7.1%
Mar 2019	34.01%	-8.6%
Dec 2018	37.22%	+7.5%
Sep 2018	34.61%	-2.2%
Jun 2018	35.40%	+15.2%
Mar 2018	30.73%	-17.8%
Dec 2017	37.39%	+11.5%
Sep 2017	33.52%	+1.4%
Jun 2017	33.07%	+10.2%
Mar 2017	30.02%	-1.8%
Dec 2016	30.56%	-5.9%
Sep 2016	32.49%	+3.5%
Jun 2016	31.38%	+5.0%
Mar 2016	29.88%	+8.9%
Dec 2015	27.44%	-9.4%
Sep 2015	30.30%	+1.0%
Jun 2015	30.00%	+27.1%
Mar 2015	23.61%	-24.0%
Dec 2014	31.05%	-5.9%
Sep 2014	33.01%	-1.5%
Jun 2014	33.50%	+35.1%
Mar 2014	24.80%	-18.9%
Dec 2013	30.58%	+1.7%
Sep 2013	30.06%	+0.7%
Jun 2013	29.84%	+18.2%
Mar 2013	25.24%	-5.1%
Dec 2012	26.60%	-2.0%
Sep 2012	27.14%	-16.5%
Jun 2012	32.50%	+21.7%
Mar 2012	26.71%	-6.6%
Dec 2011	28.60%	-11.9%
Sep 2011	32.47%	+6.4%
Jun 2011	30.53%	+33.3%
Mar 2011	22.90%	-14.7%
Dec 2010	26.84%	-11.6%
Sep 2010	30.37%	+0.7%
Jun 2010	30.16%	+21.6%
Mar 2010	24.80%	-4.9%
Dec 2009	26.07%	-4.3%
Sep 2009	27.24%	+8.1%
Jun 2009	25.20%	+27.9%
Mar 2009	19.71%	-39.3%
Dec 2008	32.49%	+5.2%
Sep 2008	30.89%	+6.9%
Jun 2008	28.90%	+25.0%
Mar 2008	23.12%	-17.3%
Dec 2007	27.95%	-3.4%
Sep 2007	28.94%	-0.3%
Jun 2007	29.02%	+23.5%
Mar 2007	23.50%	-11.3%

Month	Value	Change
Dec 2006	26.48%	-11.4%
Sep 2006	29.88%	+5.6%
Jun 2006	28.30%	+18.3%
Mar 2006	23.93%	-9.1%
Dec 2005	26.32%	+7.4%
Sep 2005	24.50%	-10.8%
Jun 2005	27.48%	+33.7%
Mar 2005	20.55%	-13.3%
Dec 2004	23.70%	-6.2%
Sep 2004	25.26%	+7.8%
Jun 2004	23.44%	+14.7%
Mar 2004	20.44%	+3.5%
Dec 2003	19.75%	+1.5%
Sep 2003	19.46%	+6.6%
Jun 2003	18.25%	+23.3%
Mar 2003	14.80%	-18.8%
Dec 2002	18.22%	-6.4%
Sep 2002	19.46%	-3.7%
Jun 2002	20.21%	+22.6%
Mar 2002	16.49%	-8.2%
Dec 2001	17.97%	+10.6%
Sep 2001	16.25%	-8.2%
Jun 2001	17.71%	+33.1%
Mar 2001	13.31%	+74.9%
Dec 2000	7.61%	-45.3%
Sep 2000	13.91%	-21.1%
Jun 2000	17.62%	+842.2%
Mar 2000	1.87%	-85.2%
Dec 1999	12.64%	+29.9%
Sep 1999	9.73%	-41.3%
Jun 1999	16.58%	-27.9%
Mar 1999	23.01%	-43.0%
Dec 1998	40.37%	+64.0%
Sep 1998	24.62%	-9.3%
Jun 1998	27.15%	+15.3%
Mar 1998	23.55%	-36.0%
Dec 1997	36.82%	+29.9%
Sep 1997	28.34%	-22.8%
Jun 1997	36.69%	+36.6%
Mar 1997	26.86%	-70.3%
Dec 1996	90.55%	+173.5%
Sep 1996	33.11%	+4.9%
Jun 1996	31.55%	+19.2%
Mar 1996	26.47%	+368.5%
Dec 1995	5.65%	-82.1%
Sep 1995	31.48%	+2.7%
Jun 1995	30.66%	+17.9%
Mar 1995	26.01%	+162.2%
Dec 1994	-41.82%	-235.5%
Sep 1994	30.87%	+8.7%
Jun 1994	28.41%	+13.3%
Mar 1994	25.07%	+8.6%
Dec 1993	23.09%	+11.5%
Sep 1993	20.70%	+27.0%
Jun 1993	16.30%	-6.1%
Mar 1993	17.36%	-1.8%
Dec 1992	17.68%	-11.2%
Sep 1992	19.90%	-0.7%
Jun 1992	20.05%	+3.5%
Mar 1992	19.37%	+143.9%
Dec 1991	-44.09%	-312.6%
Sep 1991	20.74%	+12.8%
Jun 1991	18.38%	+28.6%
Mar 1991	14.29%	-1.6%
Dec 1990	14.52%	-20.2%
Sep 1990	18.19%	-5.7%
Jun 1990	19.29%	+7.8%
Mar 1990	17.89%	+1.0%
Dec 1989	17.71%	+0.9%
Sep 1989	17.56%	-11.4%
Jun 1989	19.83%	+109.8%
Dec 1988	-203.35%	+26.9%
Dec 1987	-278.20%	-23.9%
Dec 1986	-224.62%	-9.4%
Dec 1985	-205.30%	+15.4%
Dec 1984	-242.53%	-

FAQ

What is the current quarterly operating margin of NSC?
As of today, NSC quarterly operating margin is 30.99%
What is NSC quarterly operating margin most recent change?
NSC quarterly operating margin was up +4.73% on March 31, 2026
What is 1-year change in NSC quarterly operating margin?
NSC quarterly operating margin is down -1.12% year-over-year
How far is NSC quarterly operating margin from its all-time high?
NSC quarterly operating margin is currently -65.78% below its historical high of 90.55% set on December 31, 1996
How does NSC quarterly operating margin rank versus sector peers?
NSC quarterly operating margin is higher than 95.08% of companies in Industrials sector
When is NSC next earnings release?
The next earnings release for NSC is on July 29, 2026

Operating Margin Formula

Operating Profit Margin = Operating Profit

Revenue × 100%

Data Sources & References

NSC Official Website www.norfolksouthern.com
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/702165/000119312526028244/0001193125-26-028244-index.htm
NSC Profile on Yahoo Finance finance.yahoo.com/quote/NSC
NSC Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/nsc