U.S. Bancorp (USB) Financials: 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

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Financials

SEC Filings

Quarterly Income Statement (USD)

Swipe horizontally to review earlier periods. The line-item column stays pinned.

Quarterly Report	TTM	Quarter ended Jun 2026	Quarter ended Mar 2026	Quarter ended Dec 2025	Quarter ended Sep 2025	Quarter ended Jun 2025	Quarter ended Mar 2025	Quarter ended Dec 2024	Quarter ended Sep 2024
Revenue	43.74B	10.92B	10.84B	10.98B	11.01B	10.53B	10.35B	10.66B	10.78B
Cost of Goods Sold	15.84B	3.77B	4.15B	3.64B	4.28B	4.05B	3.96B	4.25B	4.51B
Gross Profit	27.90B	7.15B	6.68B	7.34B	6.73B	6.47B	6.39B	6.42B	6.28B
Gross Profit Margin	63.8%	65.4%	61.7%	66.8%	61.1%	61.5%	61.7%	60.2%	58.2%
Total Operating Expenses	17.42B	4.43B	3.99B	4.80B	4.20B	4.18B	4.23B	4.31B	4.20B
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Selling, General & Administrative	14.02B	3.81B	3.25B	4.23B	2.74B	2.76B	2.82B	2.77B	2.80B
Operating Income (EBIT)	10.47B	2.72B	2.69B	2.53B	2.53B	2.29B	2.16B	2.11B	2.07B
Operating Margin	23.9%	24.9%	24.8%	23.1%	23.0%	21.8%	20.9%	19.8%	19.2%
Income Before Tax (EBT)	10.20B	2.72B	2.42B	2.53B	2.53B	2.29B	2.16B	2.11B	2.07B
Interest Income	31.29B	7.60B	7.84B	7.92B	7.93B	7.60B	7.52B	7.83B	8.09B
Interest Expense	14.16B	3.24B	3.58B	3.64B	3.71B	3.55B	3.42B	3.69B	3.95B
Other Income/Expense	-271.00M	0.00	-271.00M	0.00	0.00	0.00	0.00	0.00	0.00
Net Income	8.17B	2.18B	1.95B	2.05B	2.00B	1.81B	1.71B	1.66B	1.71B
Income Tax Expense	2.01B	537.00M	469.00M	482.00M	524.00M	472.00M	443.00M	438.00M	350.00M
Net Profit Margin	18.7%	19.9%	18.0%	18.7%	18.2%	17.2%	16.5%	15.6%	15.9%
EBITDA	11.13B	2.83B	2.89B	2.66B	2.75B	2.51B	2.37B	2.35B	2.30B
EBITDA Margin	25.5%	25.9%	26.7%	24.2%	25.0%	23.8%	22.9%	22.0%	21.4%
Depreciation & Amortization	660.00M	114.00M	204.00M	126.00M	216.00M	217.00M	215.00M	238.00M	231.00M
EPS Basic	5.01	1.35	1.18	1.26	1.22	1.11	1.03	1.01	1.03
EPS Diluted	5.00	1.35	1.18	1.26	1.21	1.11	1.03	1.01	1.03
Shares Outstanding	1.55B	1.55B	1.55B	1.55B	1.56B	1.56B	1.56B	1.56B	1.56B
Diluted Shares Outstanding	1.55B	1.55B	1.55B	1.56B	1.56B	1.56B	1.56B	1.56B	1.56B

Annual Income Statement (USD)

Swipe horizontally to review earlier years. The line-item column stays pinned.

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	42.86B	42.71B	40.62B	27.40B	23.71B	25.24B	27.32B	25.77B
Cost of Goods Sold	15.93B	17.61B	14.89B	5.19B	-180.00M	5.82B	5.95B	4.63B
Gross Profit	26.93B	25.10B	25.74B	22.21B	23.89B	19.42B	21.38B	21.14B
Gross Profit Margin	62.8%	58.8%	63.4%	81.0%	100.8%	76.9%	78.2%	82.0%
Total Operating Expenses	17.41B	17.19B	18.87B	14.91B	13.73B	13.37B	12.79B	12.46B
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Selling, General & Administrative	12.54B	11.17B	11.14B	9.61B	9.09B	8.26B	8.04B	7.82B
Operating Income (EBIT)	9.52B	7.91B	6.87B	7.30B	10.17B	6.05B	8.59B	8.68B
Operating Margin	22.2%	18.5%	16.9%	26.6%	42.9%	24.0%	31.5%	33.7%
Income Before Tax (EBT)	9.52B	7.91B	6.87B	7.30B	10.17B	6.05B	8.59B	8.68B
Interest Income	30.97B	31.67B	30.01B	17.95B	13.49B	14.84B	17.49B	16.17B
Interest Expense	14.32B	15.38B	12.61B	3.22B	993.00M	2.02B	4.44B	3.25B
Other Income/Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Income	7.58B	6.30B	5.43B	5.83B	7.96B	4.96B	6.91B	7.10B
Income Tax Expense	1.92B	1.58B	1.41B	1.46B	2.18B	1.07B	1.65B	1.55B
Net Profit Margin	17.7%	14.7%	13.4%	21.3%	33.6%	19.6%	25.3%	27.5%
EBITDA	10.29B	8.85B	7.88B	7.86B	10.66B	6.58B	9.10B	9.14B
EBITDA Margin	24.0%	20.7%	19.4%	28.7%	45.0%	26.1%	33.3%	35.5%
Depreciation & Amortization	774.00M	939.00M	1.02B	560.00M	497.00M	527.00M	502.00M	467.00M
EPS Basic	4.62	3.79	3.27	3.69	5.11	3.06	4.16	4.15
EPS Diluted	4.61	3.79	3.27	3.69	5.10	3.06	4.16	4.14
Shares Outstanding	1.55B	1.56B	1.54B	1.49B	1.49B	1.51B	1.58B	1.63B
Diluted Shares Outstanding	1.56B	1.56B	1.54B	1.49B	1.49B	1.51B	1.58B	1.64B

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.