U.S. Bancorp (USB) Operating Margin: History & Chart

U.S. Bancorp(USB)

Banks - Diversified · Minneapolis, MN

$62.84+0.43 (+0.69%)

Delayed quote: Sep 11, 2026, 4:00 PM EDT

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

68,520 employees

www.usbank.com

Financial Services / Banks - Diversified

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

View full financials

USB Operating Margin Metrics

OPERATING MARGIN

23.95%

OPERATING MARGIN AVG TTM

23.52%

OPERATING MARGIN AVG 3Y

20.68%

OPERATING MARGIN AVG 5Y

24.36%

OPERATING MARGIN AVG 10Y

28.17%

OPERATING MARGIN AVG 15Y

30.73%

OPERATING MARGIN AVG 20Y

29.01%

CURRENT VS TTM AVG

+1.83%

CURRENT VS 3Y AVG

+15.83%

CURRENT VS 5Y AVG

-1.68%

CURRENT VS 10Y AVG

-14.97%

CURRENT VS 15Y AVG

-22.06%

CURRENT VS 20Y AVG

-17.45%

SECTOR MEDIAN · FINANCIAL SERVICES

23.64%

median of 103 covered companies

CURRENT VS SECTOR MEDIAN

+1.31%

vs the sector median at left

NAME	MARKET CAP	OPERATING MARGIN	TTM	3Y	5Y
U.S. Bancorp (USB)	$97.89B	23.95%	23.52%	20.68%	24.36%
Schwab U.S. Dividend Equity ETF (SCHD)vs ›	$97.65B	N/A	N/A	N/A	N/A
The PNC Financial Services Group, Inc. (PNC)vs ›	$97.45B	26.71%	23.23%	24.84%	25.60%
CME Group Inc. (CME)vs ›	$99.08B	65.10%	64.50%	62.66%	60.18%
Invesco S&P 500 Equal Weight ETF (RSP)vs ›	$96.68B	N/A	N/A	N/A	N/A
Robinhood Markets, Inc. (HOOD)vs ›	$101.21B	46.03%	41.27%	-4.33%	-17.73%
KKR & Co. Inc. (KKR)vs ›	$90.76B	7.84%	3.42%	3.89%	12.83%
Intercontinental Exchange, Inc. (ICE)vs ›	$88.36B	44.92%	37.69%	37.61%	37.47%
Brookfield Corporation (BN)vs ›	$85.37B	28.56%	24.76%	19.95%	18.38%
Marsh & McLennan Companies, Inc. (MRSH)vs ›	$84.42B	21.62%	23.42%	22.68%	21.71%

NAME

MARKET CAP

OPERATING MARGIN

TTM

U.S. Bancorp (USB)

$97.89B

23.95%

23.52%

20.68%

24.36%

Schwab U.S. Dividend Equity ETF (SCHD)vs ›

$97.65B

N/A

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

$97.45B

26.71%

23.23%

24.84%

25.60%

CME Group Inc. (CME)vs ›

$99.08B

65.10%

64.50%

62.66%

60.18%

Invesco S&P 500 Equal Weight ETF (RSP)vs ›

$96.68B

N/A

Robinhood Markets, Inc. (HOOD)vs ›

$101.21B

46.03%

41.27%

-4.33%

-17.73%

KKR & Co. Inc. (KKR)vs ›

$90.76B

7.84%

3.42%

3.89%

12.83%

Intercontinental Exchange, Inc. (ICE)vs ›

$88.36B

44.92%

37.69%

37.61%

37.47%

Brookfield Corporation (BN)vs ›

$85.37B

28.56%

24.76%

19.95%

18.38%

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

$84.42B

21.62%

23.42%

22.68%

21.71%

Operating Margin FAQ

What is the operating margin for U.S. Bancorp (USB)?

The operating margin for USB stock is 23.95%.

Is U.S. Bancorp's operating margin high or low?

The operating margin of 23.95% is in line with its 5-year average of 24.36%, around the middle of its 5-year range (9.63%–42.58%).

What is the TTM average operating margin for U.S. Bancorp (USB)?

The TTM average operating margin for USB stock is 23.52%.

What is the 3Y average operating margin for U.S. Bancorp (USB)?

The 3Y average operating margin for USB stock is 20.68%.

What is the 5Y average operating margin for U.S. Bancorp (USB)?

The 5Y average operating margin for USB stock is 24.36%.

What is the 10Y average operating margin for U.S. Bancorp (USB)?

The 10Y average operating margin for USB stock is 28.17%.

What is the 15Y average operating margin for U.S. Bancorp (USB)?

The 15Y average operating margin for USB stock is 30.73%.

What is the 20Y average operating margin for U.S. Bancorp (USB)?

The 20Y average operating margin for USB stock is 29.01%.

DATE	OPERATING MARGIN
2026-06-30	24.90%
2026-03-31	24.83%
2025-12-31	23.08%
2025-09-30	23.01%
2025-06-30	21.78%
2025-03-31	20.86%
2024-12-31	19.77%
2024-09-30	19.21%
2024-06-30	19.04%
2024-03-31	15.99%
2023-12-31	9.63%
2023-09-30	18.59%
2023-06-30	17.08%
2023-03-31	22.80%
2022-12-31	13.73%
2022-09-30	31.92%
2022-06-30	30.57%
2022-03-31	33.63%
2021-12-31	36.29%
2021-09-30	42.58%
2021-06-30	42.31%
2021-03-31	50.54%
2020-12-31	31.85%
2020-09-30	30.76%
2020-06-30	12.07%
2020-03-31	21.67%
2019-12-31	27.60%
2019-09-30	33.81%
2019-06-30	32.81%
2019-03-31	31.41%
2018-12-31	33.28%
2018-09-30	34.89%
2018-06-30	34.56%
2018-03-31	33.71%
2017-12-31	21.21%
2017-09-30	35.70%
2017-06-30	35.16%
2017-03-31	35.12%
2016-12-31	35.14%
2016-09-30	36.11%
2016-06-30	35.80%
2016-03-31	35.47%
2015-12-31	37.21%
2015-09-30	37.42%
2015-06-30	37.92%
2015-03-31	36.87%
2014-12-31	36.95%
2014-09-30	37.91%
2014-06-30	37.44%
2014-03-31	37.19%
2013-12-31	35.87%
2013-09-30	37.60%
2013-06-30	37.13%
2013-03-31	36.87%
2012-12-31	35.29%
2012-09-30	36.01%
2012-06-30	34.78%
2012-03-31	33.49%
2011-12-31	34.72%
2011-09-30	32.38%
2011-06-30	31.09%
2011-03-31	27.26%
2010-12-31	23.91%
2010-09-30	22.25%
2010-06-30	18.63%
2010-03-31	16.78%
2009-12-31	11.99%
2009-09-30	13.96%
2009-06-30	12.76%
2009-03-31	14.78%
2008-12-31	7.75%
2008-09-30	18.86%
2008-06-30	29.31%
2008-03-31	31.83%
2007-12-31	24.13%
2007-09-30	30.11%
2007-06-30	32.53%
2007-03-31	33.05%
2006-12-31	33.00%
2006-09-30	35.43%
2006-06-30	37.42%
2006-03-31	38.05%
2005-12-31	37.73%
2005-09-30	40.52%
2005-06-30	37.90%
2005-03-31	42.52%
2004-12-31	41.43%
2004-09-30	42.20%
2004-06-30	45.34%
2004-03-31	39.15%
2003-12-31	44.12%
2003-09-30	41.06%
2003-06-30	36.71%
2003-03-31	35.94%
2002-12-31	33.08%
2002-09-30	33.11%

DATE

OPERATING MARGIN

2026-06-30

24.90%

2026-03-31

24.83%

2025-12-31

23.08%

2025-09-30

23.01%

2025-06-30

21.78%

2025-03-31

20.86%

2024-12-31

19.77%

2024-09-30

19.21%

2024-06-30

19.04%

2024-03-31

15.99%

2023-12-31

9.63%

2023-09-30

18.59%

2023-06-30

17.08%

2023-03-31

22.80%

2022-12-31

13.73%

2022-09-30

31.92%

2022-06-30

30.57%

2022-03-31

33.63%

2021-12-31

36.29%

2021-09-30

42.58%

2021-06-30

42.31%

2021-03-31

50.54%

2020-12-31

31.85%

2020-09-30

30.76%

2020-06-30

12.07%

2020-03-31

21.67%

2019-12-31

27.60%

2019-09-30

33.81%

2019-06-30

32.81%

2019-03-31

31.41%

2018-12-31

33.28%

2018-09-30

34.89%

2018-06-30

34.56%

2018-03-31

33.71%

2017-12-31

21.21%

2017-09-30

35.70%

2017-06-30

35.16%

2017-03-31

35.12%

2016-12-31

35.14%

2016-09-30

36.11%

2016-06-30

35.80%

2016-03-31

35.47%

2015-12-31

37.21%

2015-09-30

37.42%

2015-06-30

37.92%

2015-03-31

36.87%

2014-12-31

36.95%

2014-09-30

37.91%

2014-06-30

37.44%

2014-03-31

37.19%

2013-12-31

35.87%

2013-09-30

37.60%

2013-06-30

37.13%

2013-03-31

36.87%

2012-12-31

35.29%

2012-09-30

36.01%

2012-06-30

34.78%

2012-03-31

33.49%

2011-12-31

34.72%

2011-09-30

32.38%

2011-06-30

31.09%

2011-03-31

27.26%

2010-12-31

23.91%

2010-09-30

22.25%

2010-06-30

18.63%

2010-03-31

16.78%

2009-12-31

11.99%

2009-09-30

13.96%

2009-06-30

12.76%

2009-03-31

14.78%

2008-12-31

7.75%

2008-09-30

18.86%

2008-06-30

29.31%

2008-03-31

31.83%

2007-12-31

24.13%

2007-09-30

30.11%

2007-06-30

32.53%

2007-03-31

33.05%

2006-12-31

33.00%

2006-09-30

35.43%

2006-06-30

37.42%

2006-03-31

38.05%

2005-12-31

37.73%

2005-09-30

40.52%

2005-06-30

37.90%

2005-03-31

42.52%

2004-12-31

41.43%

2004-09-30

42.20%

2004-06-30

45.34%

2004-03-31

39.15%

2003-12-31

44.12%

2003-09-30

41.06%

2003-06-30

36.71%

2003-03-31

35.94%

2002-12-31

33.08%

2002-09-30

33.11%

Operating Margin: 23.95%

USB Operating Margin

USB Average Operating Margin Chart

USB Current vs Average Operating Margin Chart

USB Operating Margin Metrics

USB Competitors' Operating Margin

Operating Efficiency

Operating Margin Formula & Definition

Operating Margin FAQ

USB Operating Margin History

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