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Norfolk Southern (NSC) free cash flow by quarter

Norfolk Southern's free cash flow was $736M in Q3 2026 (third quarter 2026), +20% from Q2 2026. Over the last 6 quarters it ranged from $334M (Q4 2025) to $736M (Q3 2026).

Norfolk Southern free cash flow by quarterNorfolk Southern free cash flow by quarter$501MQ1 2025$602MQ2 2025$720MQ3 2025$334MQ4 2025$615MQ2 2026$736MQ3 2026
QuarterFree cash flowQ/QY/Y
Q3 2026$736M+20%+2%
Q2 2026$615M+84%+2%
Q4 2025$334M-54%—
Q3 2025$720M+20%—
Q2 2025$602M+20%—
Q1 2025$501M——

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 free cash flow?

Norfolk Southern's free cash flow was $736M in Q3 2026 (third quarter 2026), +20% from Q2 2026.

How has Norfolk Southern's free cash flow changed?

Over the last 6 quarters it ranged from $334M (Q4 2025) to $736M (Q3 2026).

Q3 2026 results → · How Norfolk Southern makes money →