U.S. Bancorp (USB) Earnings History
Steady Earner37 years of earnings data (1989–2025) · Positive but moderate multi-year EPS trajectory
Loading earnings history...
U.S. Bancorp (USB) Earnings Overview
As of June 21, 2026, U.S. Bancorp (USB) reported trailing twelve-month net income of $7.58B, reflecting +21.6% year-over-year growth. The company earned $4.87 per diluted share over the past four quarters, with a net profit margin of 17.7%.
Looking at the long-term picture, USB's 5-year EPS compound annual growth rate (CAGR) stands at +8.5%, showing solid earnings momentum. The company achieved its highest annual net income of $7.96B in fiscal 2021.
U.S. Bancorp maintains industry-leading profitability with a gross margin of 62.8%, operating margin of 22.2%, and net margin of 17.7%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including WFC ($21.34B net income, 17.3% margin), PNC ($6.94B net income, 22.1% margin), TFC ($5.31B net income, 17.4% margin), USB has outperformed on profitability metrics. Compare USB vs WFC →
USB Earnings vs Peers
Earnings metrics vs comparable public companies
USB Historical Earnings Data (1989–2025)
37 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $7.58B | +20.3% | $9.52B | $4.61 | 17.7% | 22.2% |
| 2024 | $6.30B | +16.0% | $7.91B | $3.79 | 14.7% | 18.5% |
| 2023 | $5.43B | -6.8% | $6.87B | $3.27 | 13.4% | 16.9% |
| 2022 | $5.83B | -26.8% | $7.30B | $3.69 | 21.3% | 26.6% |
| 2021 | $7.96B | +60.6% | $10.17B | $5.10 | 33.6% | 42.9% |
| 2020 | $4.96B | -28.3% | $6.05B | $3.06 | 19.6% | 24.0% |
| 2019 | $6.91B | -2.6% | $8.59B | $4.16 | 25.3% | 31.5% |
| 2018 | $7.10B | +14.1% | $8.68B | $4.14 | 27.5% | 33.7% |
| 2017 | $6.22B | +5.6% | $7.52B | $3.51 | 26.3% | 31.8% |
| 2016 | $5.89B | +0.2% | $8.11B | $3.24 | 26.3% | 36.1% |
| 2015 | $5.88B | +0.5% | $8.03B | $3.16 | 27.7% | 37.9% |
| 2014 | $5.85B | +0.3% | $8.00B | $3.08 | 27.4% | 37.4% |
| 2013 | $5.84B | +3.3% | $7.76B | $3.00 | 27.7% | 36.9% |
| 2012 | $5.65B | +15.9% | $7.73B | $2.84 | 25.4% | 34.8% |
| 2011 | $4.87B | +46.9% | $6.63B | $2.46 | 22.8% | 31.0% |
| 2010 | $3.32B | +50.4% | $4.20B | $1.73 | 16.2% | 20.5% |
| 2009 | $2.21B | -25.2% | $2.63B | $0.97 | 11.3% | 13.5% |
| 2008 | $2.95B | -31.9% | $4.10B | $1.61 | 15.3% | 21.3% |
| 2007 | $4.32B | -9.0% | $6.29B | $2.42 | 21.2% | 30.8% |
| 2006 | $4.75B | +5.8% | $6.86B | $2.61 | 24.7% | 35.7% |
| 2005 | $4.49B | +7.7% | $6.57B | $2.42 | 27.0% | 39.6% |
| 2004 | $4.17B | +11.6% | $6.18B | $2.18 | 28.3% | 42.0% |
| 2003 | $3.73B | +17.8% | $5.65B | $1.93 | 25.6% | 38.8% |
| 2002 | $3.17B | +114.2% | $4.94B | $1.65 | 21.5% | 33.6% |
| 2001 | $1.48B | -48.6% | $2.34B | $0.88 | 9.5% | 15.0% |
| 2000 | $2.88B | +90.9% | $4.39B | $1.50 | 17.0% | 25.9% |
| 1999 | $1.51B | +13.5% | $2.36B | $2.06 | 17.9% | 28.0% |
| 1998 | $1.33B | +74.5% | $2.09B | $2.02 | 17.3% | 27.3% |
| 1997 | $761M | +83.1% | $1.16B | $1.11 | 13.6% | 20.6% |
| 1996 | $415M | +204.1% | $624M | $1.25 | 14.3% | 21.5% |
| 1995 | $137M | +17.2% | $205M | $0.41 | 16.1% | 24.2% |
| 1994 | $117M | -60.9% | $178M | $0.35 | 17.0% | 26.0% |
| 1993 | $298M | -4.4% | $477M | $0.90 | 13.4% | 21.4% |
| 1992 | $312M | +373.9% | $233M | $1.14 | 14.1% | 10.5% |
| 1991 | $66M | +1.4% | $96M | $0.25 | 10.0% | 14.5% |
| 1990 | $65M | +11.9% | $93M | $0.25 | 9.8% | 14.0% |
| 1989 | $58M | - | $80M | $0.22 | 9.1% | 12.6% |
Download Data
Export USB earnings history in CSV or JSON format
Free sign-in required to download data
Full Stock Analysis
Deep dive into USB consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
37+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
USB — Frequently Asked Questions
Quick answers to the most common questions about buying USB stock.
What is USB earnings per share (EPS)?
USB trailing twelve-month (TTM) diluted EPS is $4.87, reflecting +21.6% year-over-year growth. The 5-year EPS CAGR is +8.5%. Complete EPS history from 1989 to 2025 is available in the table on this page.
What is U.S. Bancorp's net income?
U.S. Bancorp (USB) trailing twelve-month net income is $7.6B as of 2025. Earnings grew +21.6% year-over-year. U.S. Bancorp has been profitable for 37 consecutive years.
Is USB profitable?
Yes, USB is profitable with a TTM net income of $7.6B and a net profit margin of +17.7%. U.S. Bancorp has generated profits for 37 consecutive years.
What is USB's earnings growth rate?
USB compound annual EPS growth rates (CAGR): 1-Year: +21.6%, 3-Year: +7.7%, 5-Year: +8.5%, 10-Year: +3.8%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1989 to 2025.
What are USB's profit margins?
U.S. Bancorp net profit margin is +17.7%, operating margin is +22.2%, and gross margin is +62.8%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +12.2%.
Is USB growing earnings?
Yes, USB earnings are accelerating — EPS growth of +21.6% exceeds the 5-year CAGR of +8.5%. TTM net income reached $7.6B. Earnings momentum is strengthening.
What was USB's best earnings year?
U.S. Bancorp's highest annual net income on record is $8.0B, achieved in fiscal year 2021. Earnings history on this page spans 1989 to 2025 and includes all annual and quarterly figures.
What were USB's earnings last quarter?
USB's most recent reported quarter was Q4 2025. Net income was $2.1B with diluted EPS of $1.26. For a full breakdown of all quarters, see the quarterly earnings table on this page.