Norfolk Southern (NSC) revenue breakdown
By segment, Merchandise is the largest at 63% of fiscal 2025 revenue, growing 2% a year over 7 years.
Revenue by segment
Fiscal years, as Norfolk Southern reports them in its 10-K filings; fiscal 2025 total $12.2B.
| Segments | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|
| Merchandise | $6.7B | $6.8B | $6.1B | $6.7B | $7.3B | $7.4B | $7.5B | $7.7B | 63% |
| Intermodal | $2.9B | $2.8B | $2.7B | $3.2B | $3.7B | $3.1B | $3.0B | $3.0B | 25% |
| Coal | $1.8B | $1.7B | $1.0B | $1.3B | $1.7B | $1.7B | $1.6B | $1.5B | 12% |
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Where does Norfolk Southern make its money?
In fiscal 2025, by segment: Merchandise $7.7B, Intermodal $3.0B, Coal $1.5B.
From Norfolk Southern's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.