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Norfolk Southern (NSC) capital expenditures by quarter

Norfolk Southern's capital expenditures were $586M in Q3 2026 (third quarter 2026), +33% from Q2 2026. Over the last 7 quarters it ranged from $382M (Q1 2026) to $729M (Q4 2025).

Norfolk Southern capital expenditures by quarterNorfolk Southern capital expenditures by quarter$449MQ1 2025$475MQ2 2025$551MQ3 2025$729MQ4 2025$382MQ1 2026$439MQ2 2026$586MQ3 2026
QuarterCapital expendituresQ/QY/Y
Q3 2026$586M+33%+6%
Q2 2026$439M+15%-8%
Q1 2026$382M-48%-15%
Q4 2025$729M+32%—
Q3 2025$551M+16%—
Q2 2025$475M+6%—
Q1 2025$449M——

Q3 2026 at a glance

Norfolk Southern, Q3 2026: revenue $3.5B (+14% year over year), operating margin 32.6%, net earnings $759M, operating cash flow $1.3B. The chart follows the revenue to costs, profit and cash.

Questions

What is Norfolk Southern's capital expenditures?

Norfolk Southern's capital expenditures were $586M in Q3 2026 (third quarter 2026), +33% from Q2 2026.

How has Norfolk Southern's capital expenditures changed?

Over the last 7 quarters it ranged from $382M (Q1 2026) to $729M (Q4 2025).

Q3 2026 results → · How Norfolk Southern makes money →