USB
U.S. Bancorp
NYSE: USB · FINANCIAL SERVICES · BANKS - REGIONAL
$56.66
+0.87% today
Updated 2026-04-29
Market cap
$86.43B
P/E ratio
11.65
P/S ratio
3.24x
EPS (TTM)
$4.77
Dividend yield
3.64%
52W range
$38 – $61
Volume
9.9M
U.S. Bancorp (USB) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $19.21B | $20.43B | $19.23B | $19.49B | $20.52B | $21.40B | $22.20B | $21.06B | $21.39B | $21.20B | $22.42B | $23.66B | $25.77B | $27.32B | $25.24B | $23.71B | $27.40B | $40.62B | $42.71B | $42.86B |
| Revenue growth (YoY) | — | +6.3% | -5.9% | +1.4% | +5.3% | +4.3% | +3.8% | -5.1% | +1.6% | -0.9% | +5.8% | +5.5% | +8.9% | +6.0% | -7.6% | -6.0% | +15.5% | +48.3% | +5.1% | +0.3% |
| Cost of revenue | $6.07B | $7.24B | $7.78B | $8.58B | $6.93B | $4.86B | $4.02B | $3.02B | $2.68B | $2.36B | $2.79B | $3.36B | $4.63B | $5.95B | $5.82B | $-180.00M | $5.19B | $14.89B | $17.61B | $15.93B |
| Gross profit | $13.15B | $13.19B | $11.45B | $10.91B | $13.58B | $16.54B | $18.18B | $18.04B | $18.71B | $18.84B | $19.63B | $20.31B | $21.14B | $21.38B | $19.42B | $23.89B | $22.21B | $25.74B | $25.10B | $26.93B |
| Gross margin | 68.4% | 64.6% | 59.5% | 56.0% | 66.2% | 77.3% | 81.9% | 85.7% | 87.5% | 88.9% | 87.5% | 85.8% | 82.0% | 78.2% | 76.9% | 100.8% | 81.0% | 63.4% | 58.8% | 62.8% |
| R&D | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | $2.99B | $3.13B | $3.55B | $3.71B | $4.47B | $4.89B | $5.26B | $5.51B | $5.56B | $5.78B | $6.22B | $6.88B | $7.39B | $7.61B | $7.94B | $8.73B | $9.16B | $10.42B | $10.55B | $11.84B |
| Operating income | $6.86B | $6.29B | $4.10B | $2.63B | $4.20B | $6.63B | $7.73B | $7.76B | $8.00B | $8.03B | $8.11B | $7.52B | $8.68B | $8.59B | $6.05B | $10.17B | $7.30B | $6.87B | $7.91B | $9.52B |
| Operating margin | 35.7% | 30.8% | 21.3% | 13.5% | 20.5% | 31.0% | 34.8% | 36.9% | 37.4% | 37.9% | 36.1% | 31.8% | 33.7% | 31.5% | 24.0% | 42.9% | 26.6% | 16.9% | 18.5% | 22.2% |
| EBITDA | $7.45B | $6.91B | $4.67B | $3.24B | $4.80B | $7.19B | $8.29B | $8.28B | $8.50B | $8.51B | $8.57B | $7.99B | $9.14B | $9.10B | $6.58B | $10.66B | $7.86B | $7.88B | $8.85B | $10.29B |
| EBITDA margin | 38.8% | 33.8% | 24.3% | 16.6% | 23.4% | 33.6% | 37.3% | 39.3% | 39.7% | 40.2% | 38.2% | 33.7% | 35.5% | 33.3% | 26.1% | 45.0% | 28.7% | 19.4% | 20.7% | 24.0% |
| EBIT | $6.86B | $6.29B | $4.10B | $2.63B | $4.20B | $6.63B | $7.73B | $7.76B | $8.00B | $8.03B | $8.11B | $7.52B | $8.68B | $8.59B | $6.05B | $10.17B | $7.30B | $6.87B | $7.91B | $9.52B |
| Interest expense | $5.52B | $6.45B | $4.69B | $3.02B | $2.58B | $2.52B | $2.14B | $1.68B | $1.45B | $1.23B | $1.47B | $1.97B | $3.25B | $4.44B | $2.02B | $993.00M | $3.22B | $12.61B | $15.38B | $14.32B |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $4.75B | $4.32B | $2.95B | $2.21B | $3.32B | $4.87B | $5.65B | $5.84B | $5.85B | $5.88B | $5.89B | $6.22B | $7.10B | $6.91B | $4.96B | $7.96B | $5.83B | $5.43B | $6.30B | $7.58B |
| Net income growth (YoY) | — | -9.0% | -31.9% | -25.2% | +50.4% | +46.9% | +15.9% | +3.3% | +0.3% | +0.5% | +0.2% | +5.6% | +14.1% | -2.6% | -28.3% | +60.6% | -26.8% | -6.8% | +16.0% | +20.3% |
| Profit margin | 24.7% | 21.2% | 15.3% | 11.3% | 16.2% | 22.8% | 25.4% | 27.7% | 27.4% | 27.7% | 26.3% | 26.3% | 27.5% | 25.3% | 19.6% | 33.6% | 21.3% | 13.4% | 14.7% | 17.7% |