SuperworthNorfolk Southern shares outstanding NSC
Diluted shares outstanding, averaged over each quarter, from 2008.
- Latest quarter, to Jun 30, 2026
- 225M
- On a year earlier
- −0.1%
- fewer shares
Norfolk Southern had 225M diluted shares outstanding on average in Q2 FY26, the quarter to Jun 30, 2026.
That is about the same as a year earlier.
Shares outstanding over time
Fiscal year by fiscal year
| Fiscal year | Shares, fourth quarter | Change |
|---|---|---|
| FY2025 | 224.7M | −1% |
| FY2024 | 226.7M | +0% |
| FY2023 | 226.2M | −2% |
| FY2022 | 230.9M | −5% |
| FY2021 | 243.4M | −4% |
| FY2020 | 254.8M | −3% |
| FY2019 | 261.7M | −4% |
| FY2018 | 273.1M | −5% |
| FY2017 | 287.6M | −2% |
| FY2016 | 293.9M | −2% |
| FY2015 | 300.8M | −3% |
| FY2014 | 311.6M | −0% |
| FY2013 | 312.8M | −2% |
| FY2012 | 318.6M | −6% |
| FY2011 | 338.5M | −7% |
Each fiscal year is the twelve months to its fourth quarter, shown as the fourth quarter's average share count.
Quarter by quarter
| Quarter | Ended | Shares outstanding | On a year earlier |
|---|---|---|---|
| Q2 FY26 | 225M | −0% | |
| Q1 FY26 | 225M | −1% | |
| Q4 FY25 | 224.7M | −1% | |
| Q3 FY25 | 224.7M | −1% | |
| Q2 FY25 | 225.2M | −1% | |
| Q1 FY25 | 226.5M | +0% | |
| Q4 FY24 | 226.7M | +0% | |
| Q3 FY24 | 226.5M | −0% | |
| Q2 FY24 | 226.4M | −1% | |
| Q1 FY24 | 226.2M | −1% | |
| Q4 FY23 | 226.2M | −2% | |
| Q3 FY23 | 227M | −3% |
What the shares outstanding tells you
Diluted shares outstanding, averaged over the period. Fewer shares means each one owns more of the company.
A falling count usually means buybacks. A rising one means stock pay, acquisitions paid in shares or new shares sold.
More on Norfolk Southern
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.