U.S. Bancorp (USB) Earnings History
Annual and quarterly earnings data from 1989 to 2025
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USB EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
USB Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 62.8% | 22.2% | 17.7% |
| 2024 | 58.8% | 18.5% | 14.7% |
| 2023 | 63.4% | 16.9% | 13.4% |
| 2022 | 81.0% | 26.6% | 21.3% |
| 2021 | 100.8% | 42.9% | 33.6% |
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U.S. Bancorp (USB) Earnings Overview
As of May 7, 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 ($21.06B net income, 15.7% margin), PNC ($6.53B net income, 17.5% margin), TFC ($5.23B net income, 19.9% 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% |
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Start ComparisonUSB — Frequently Asked Questions
Quick answers to the most common questions about buying USB stock.
Is USB growing earnings?
USB EPS is $4.87, with earnings growth accelerating to +21.6%. This exceeds the 5-year CAGR of +8.5%. TTM net income reached $7.6B.
What are USB's profit margins?
U.S. Bancorp net margin is +17.7%, with operating margin at +22.2%. Above-average margins indicate pricing power.
How consistent are USB's earnings?
USB earnings data spans 1989-2025. The accelerating earnings trend is +21.6% YoY. Historical data enables comparison across business cycles.