U.S. Bancorp (USB) Debt/Equity Ratio: History & Chart

U.S. Bancorp (USB)USBU.S. Bancorp

About U.S. Bancorp

U.S. Bancorp (USB) functions as a broad-based financial services holding company, delivering a comprehensive spectrum of banking and financial solutions throughout the United States. Its diverse customer base includes individual consumers, various businesses, institutional organizations, governmental bodies, and other financial entities. The company organizes its operations across key segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support. Its offerings encompass fundamental depository services such as checking accounts, savings accounts, and time certificates. U.S. Bancorp also extends a variety of credit facilities, including traditional lending products, credit card services, lease financing, support for import/export trade, asset-backed lending, and agricultural finance. Furthermore, it provides supplementary services like capital markets access, treasury management, and receivable lock-box collection for its corporate and governmental clients. The firm also offers a full suite of asset management and fiduciary services designed for individuals, estates, foundations, corporations, and charitable organizations. Beyond these, the company supplies investment and insurance products, predominantly to customers within its operating regions, and delivers fund administration services to a range of mutual and other investment funds. Its portfolio also includes corporate and purchasing card services, corporate trust management, and merchant processing. U.S. Bancorp's capabilities additionally span investment management, ATM network operation, mortgage banking, insurance provision, brokerage activities, and leasing services. As of December 31, 2021, the company distributed its products and services through a physical network of 2,230 banking branches, mainly concentrated in the Midwest and Western United States. Digital access was also extensively provided via online platforms, mobile devices, and other electronic channels. Additionally, it managed a network of 4,059 ATMs. Founded in 1863, U.S. Bancorp is headquartered in Minneapolis, Minnesota.

Minneapolis, MN

70,000 employees

www.usbank.com

Financial Services / Banks - Diversified

Sector: Financial Services
Industry: Banks - Diversified
CEO: Gunjan Kedia

View full financials

USB Debt to Equity Ratio Metrics

DEBT TO EQUITY RATIO

1.42

DEBT TO EQUITY RATIO AVG TTM

1.27

DEBT TO EQUITY RATIO AVG 3Y

1.25

DEBT TO EQUITY RATIO AVG 5Y

1.24

DEBT TO EQUITY RATIO AVG 10Y

1.15

DEBT TO EQUITY RATIO AVG 15Y

1.21

DEBT TO EQUITY RATIO AVG 20Y

1.46

CURRENT VS TTM AVG

+12.26%

CURRENT VS 3Y AVG

+14.29%

CURRENT VS 5Y AVG

+14.38%

CURRENT VS 10Y AVG

+23.31%

CURRENT VS 15Y AVG

+17.62%

CURRENT VS 20Y AVG

-2.47%

SECTOR MEDIAN · FINANCIAL SERVICES

0.54

median of 95 covered companies

CURRENT VS SECTOR MEDIAN

+163.66%

vs the sector median at left

NAME	MARKET CAP	DEBT TO EQUITY RATIO	TTM	3Y	5Y
U.S. Bancorp (USB)	$100.36B	1.42	1.27	1.25	1.24
The PNC Financial Services Group, Inc. (PNC)vs ›	$100.39B	0.94	1.03	1.19	1.01
The Bank of New York Mellon Corporation (BK)vs ›	$97.40B	0.76	0.93	1.01	0.96
Brookfield Corporation (BN)vs ›	$94.64B	6.54	5.83	5.41	4.97
CME Group Inc. (CME)vs ›	$94.21B	0.13	0.13	0.13	0.13
Bank of New York Mellon Corp (BNY)vs ›	$107.43B	0.76	0.93	1.01	0.96
KKR & Co. Inc. (KKR)vs ›	$92.18B	1.77	1.96	2.10	2.19
Marsh & McLennan Companies, Inc. (MRSH)vs ›	$91.72B	1.42	1.53	1.40	1.38
Intercontinental Exchange, Inc. (ICE)vs ›	$86.37B	0.70	0.72	0.79	0.77
Moody's Corporation (MCO)vs ›	$83.86B	1.81	1.99	2.33	2.78

NAME

MARKET CAP

DEBT TO EQUITY RATIO

TTM

U.S. Bancorp (USB)

$100.36B

1.42

1.27

1.25

1.24

The PNC Financial Services Group, Inc. (PNC)vs ›

$100.39B

0.94

1.03

1.19

1.01

The Bank of New York Mellon Corporation (BK)vs ›

$97.40B

0.76

0.93

1.01

0.96

Brookfield Corporation (BN)vs ›

$94.64B

6.54

5.83

5.41

4.97

CME Group Inc. (CME)vs ›

$94.21B

0.13

Bank of New York Mellon Corp (BNY)vs ›

$107.43B

0.76

0.93

1.01

0.96

KKR & Co. Inc. (KKR)vs ›

$92.18B

1.77

1.96

2.10

2.19

Marsh & McLennan Companies, Inc. (MRSH)vs ›

$91.72B

1.42

1.53

1.40

1.38

Intercontinental Exchange, Inc. (ICE)vs ›

$86.37B

0.70

0.72

0.79

0.77

Moody's Corporation (MCO)vs ›

$83.86B

1.81

1.99

2.33

2.78

Debt to Equity Ratio FAQ

What is the debt to equity ratio for U.S. Bancorp (USB)?

The debt to equity ratio for USB stock is 1.42.

Is U.S. Bancorp's debt to equity ratio high or low?

The debt to equity ratio of 1.42 is 15% above its 5-year average of 1.24, around the middle of its 5-year range (0.80–1.87).

What is the TTM average debt to equity ratio for U.S. Bancorp (USB)?

The TTM average debt to equity ratio for USB stock is 1.27.

What is the 3Y average debt to equity ratio for U.S. Bancorp (USB)?

The 3Y average debt to equity ratio for USB stock is 1.25.

What is the 5Y average debt to equity ratio for U.S. Bancorp (USB)?

The 5Y average debt to equity ratio for USB stock is 1.24.

What is the 10Y average debt to equity ratio for U.S. Bancorp (USB)?

The 10Y average debt to equity ratio for USB stock is 1.15.

What is the 15Y average debt to equity ratio for U.S. Bancorp (USB)?

The 15Y average debt to equity ratio for USB stock is 1.21.

What is the 20Y average debt to equity ratio for U.S. Bancorp (USB)?

The 20Y average debt to equity ratio for USB stock is 1.46.

DATE	DEBT TO EQUITY RATIO
2026-06-30	1.42
2026-03-31	1.20
2025-12-31	1.20
2025-09-30	1.23
2025-06-30	1.29
2025-03-31	1.28
2024-12-31	1.26
2024-09-30	1.33
2024-06-30	1.23
2024-03-31	1.26
2023-12-31	1.21
2023-09-30	1.22
2023-06-30	1.46
2023-03-31	1.87
2022-12-31	1.40
2022-09-30	1.21
2022-06-30	1.12
2022-03-31	1.05
2021-12-31	0.80
2021-09-30	0.96
2021-06-30	0.94
2021-03-31	0.96
2020-12-31	1.00
2020-09-30	1.07
2020-06-30	1.22
2020-03-31	1.53
2019-12-31	1.23
2019-09-30	1.04
2019-06-30	1.06
2019-03-31	1.08
2018-12-31	1.09
2018-09-30	1.29
2018-06-30	1.11
2018-03-31	1.03
2017-12-31	1.00
2017-09-30	1.03
2017-06-30	1.08
2017-03-31	1.01
2016-12-31	1.00
2016-09-30	1.12
2016-06-30	1.17
2016-03-31	1.25
2015-12-31	1.32
2015-09-30	1.32
2015-06-30	1.39
2015-03-31	1.43
2014-12-31	1.43
2014-09-30	1.41
2014-06-30	1.29
2014-03-31	1.30
2013-12-31	1.16
2013-09-30	1.12
2013-06-30	1.16
2013-03-31	1.32
2012-12-31	1.33
2012-09-30	1.40
2012-06-30	1.57
2012-03-31	1.61
2011-12-31	1.84
2011-09-30	1.89
2011-06-30	1.93
2011-03-31	2.06
2010-12-31	2.17
2010-09-30	2.22
2010-06-30	2.23
2010-03-31	2.38
2009-12-31	2.46
2009-09-30	2.44
2009-06-30	2.85
2009-03-31	2.38
2008-12-31	2.75
2008-09-30	3.58
2008-06-30	3.71
2008-03-31	3.37
2007-12-31	3.60
2007-09-30	3.57
2007-06-30	3.60
2007-03-31	3.52
2006-12-31	3.04
2006-09-30	3.15
2006-06-30	3.06
2006-03-31	2.96
2005-12-31	2.85
2005-09-30	2.99
2005-06-30	2.77
2005-03-31	2.73
2004-12-31	2.45
2004-09-30	2.58
2004-06-30	2.42
2004-03-31	2.42
2003-12-31	2.32
2003-09-30	2.29
2003-06-30	2.16
2003-03-31	2.25
2002-12-31	2.18
2002-09-30	2.41

DATE

DEBT TO EQUITY RATIO

2026-06-30

1.42

2026-03-31

1.20

2025-12-31

1.20

2025-09-30

1.23

2025-06-30

1.29

2025-03-31

1.28

2024-12-31

1.26

2024-09-30

1.33

2024-06-30

1.23

2024-03-31

1.26

2023-12-31

1.21

2023-09-30

1.22

2023-06-30

1.46

2023-03-31

1.87

2022-12-31

1.40

2022-09-30

1.21

2022-06-30

1.12

2022-03-31

1.05

2021-12-31

0.80

2021-09-30

0.96

2021-06-30

0.94

2021-03-31

0.96

2020-12-31

1.00

2020-09-30

1.07

2020-06-30

1.22

2020-03-31

1.53

2019-12-31

1.23

2019-09-30

1.04

2019-06-30

1.06

2019-03-31

1.08

2018-12-31

1.09

2018-09-30

1.29

2018-06-30

1.11

2018-03-31

1.03

2017-12-31

1.00

2017-09-30

1.03

2017-06-30

1.08

2017-03-31

1.01

2016-12-31

1.00

2016-09-30

1.12

2016-06-30

1.17

2016-03-31

1.25

2015-12-31

1.32

2015-09-30

1.32

2015-06-30

1.39

2015-03-31

1.43

2014-12-31

1.43

2014-09-30

1.41

2014-06-30

1.29

2014-03-31

1.30

2013-12-31

1.16

2013-09-30

1.12

2013-06-30

1.16

2013-03-31

1.32

2012-12-31

1.33

2012-09-30

1.40

2012-06-30

1.57

2012-03-31

1.61

2011-12-31

1.84

2011-09-30

1.89

2011-06-30

1.93

2011-03-31

2.06

2010-12-31

2.17

2010-09-30

2.22

2010-06-30

2.23

2010-03-31

2.38

2009-12-31

2.46

2009-09-30

2.44

2009-06-30

2.85

2009-03-31

2.38

2008-12-31

2.75

2008-09-30

3.58

2008-06-30

3.71

2008-03-31

3.37

2007-12-31

3.60

2007-09-30

3.57

2007-06-30

3.60

2007-03-31

3.52

2006-12-31

3.04

2006-09-30

3.15

2006-06-30

3.06

2006-03-31

2.96

2005-12-31

2.85

2005-09-30

2.99

2005-06-30

2.77

2005-03-31

2.73

2004-12-31

2.45

2004-09-30

2.58

2004-06-30

2.42

2004-03-31

2.42

2003-12-31

2.32

2003-09-30

2.29

2003-06-30

2.16

2003-03-31

2.25

2002-12-31

2.18

2002-09-30

2.41

Debt to Equity Ratio: 1.42

USB Debt to Equity Ratio

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USB Current vs Average Debt to Equity Ratio Chart

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Financial Health

Debt to Equity Ratio Formula & Definition

Debt to Equity Ratio FAQ

USB Debt to Equity Ratio History

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