U.S. Bancorp (USB) quarterly income statement — complete revenue, gross profit & net income history
U.S. Bancorp (USB) annual income statement — 30-year revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Net Interest Income | 4.26B | 4.28B | 4.22B | 4.05B | 4.09B | 4.15B | 4.13B | 4.02B | 3.98B | 4.11B | 4.24B | 4.42B | 4.63B | 4.29B | 3.83B | 3.44B | 3.17B | 3.12B | 3.17B | 3.14B |
| NII Growth % | 4.18% | 3.33% | 2.1% | 0.7% | 2.69% | 0.85% | -2.38% | -8.88% | -14.01% | -4.24% | 10.69% | 28.53% | 46.04% | 37.46% | 20.69% | 9.5% | 3.59% | -1.64% | -1.74% | -1.97% |
| Net Interest Margin % | 0.61% | 0.62% | 0.61% | 0.59% | 0.6% | 0.61% | 0.6% | 0.59% | 0.58% | 0.62% | 0.63% | 0.65% | 0.68% | 0.64% | 0.64% | 0.58% | 0.54% | 0.54% | 0.56% | 0.56% |
| Interest Income | 7.84B | 7.92B | 7.93B | 7.6B | 7.52B | 7.83B | 8.09B | 7.99B | 7.76B | 7.76B | 7.75B | 7.53B | 6.96B | 5.97B | 4.73B | 3.83B | 3.42B | 3.35B | 3.41B | 3.38B |
| Interest Expense | 3.58B | 3.64B | 3.71B | 3.55B | 3.42B | 3.69B | 3.95B | 3.96B | 3.78B | 3.65B | 3.52B | 3.11B | 2.33B | 1.68B | 901M | 390M | 245M | 232M | 238M | 245M |
| Loan Loss Provision | 576M | 0 | 571M | 501M | 537M | 560M | 557M | 568M | 553M | 512M | 515M | 821M | 427M | 1.19B | 362M | 311M | 112M | -13M | -163M | -170M |
| Non-Interest Income | 3B | 3.05B | 3.08B | 2.92B | 2.84B | 2.83B | 2.7B | 2.81B | 2.7B | 2.62B | 2.76B | 2.73B | 2.51B | 2.04B | 2.47B | 2.55B | 2.4B | 2.53B | 2.69B | 2.62B |
| Non-Interest Income % | 41.28% | 41.61% | 42.16% | 41.92% | 40.94% | 40.59% | 39.48% | 41.17% | 40.39% | 38.92% | 39.49% | 38.17% | 35.11% | 32.24% | 39.22% | 42.59% | 43.02% | 44.79% | 45.92% | 45.5% |
| Total Net Revenue | 7.26B | 7.34B | 7.3B | 6.97B | 6.93B | 6.98B | 6.83B | 6.84B | 6.68B | 6.73B | 7B | 7.14B | 7.14B | 6.34B | 6.3B | 5.98B | 5.57B | 5.66B | 5.86B | 5.76B |
| Revenue Growth % | 4.79% | 5.13% | 6.83% | 2% | 3.64% | 3.68% | -2.39% | -4.24% | -6.39% | 6.23% | 11.18% | 19.35% | 28.23% | 12% | 7.37% | 3.94% | 2.3% | -1.19% | -1.26% | -1% |
| Non-Interest Expense | 3.99B | 4.8B | 4.2B | 4.18B | 4.23B | 4.31B | 4.2B | 4.21B | 4.46B | 5.22B | 4.53B | 4.57B | 4.55B | 4.04B | 3.64B | 3.72B | 3.5B | 3.53B | 3.43B | 3.39B |
| Efficiency Ratio | 55.01% | 65.48% | 57.49% | 59.94% | 61.09% | 61.77% | 61.52% | 61.63% | 66.7% | 77.54% | 64.71% | 63.98% | 63.79% | 63.81% | 57.77% | 62.24% | 62.88% | 62.45% | 58.48% | 58.84% |
| Operating Income | 2.69B | 2.53B | 2.53B | 2.29B | 2.16B | 2.11B | 2.07B | 2.06B | 1.67B | 1B | 1.96B | 1.75B | 2.16B | 1.1B | 2.3B | 1.95B | 1.96B | 2.14B | 2.6B | 2.54B |
| Operating Margin % | 37.05% | 34.52% | 34.68% | 32.87% | 31.16% | 30.2% | 30.32% | 30.07% | 25.03% | 14.86% | 27.93% | 24.52% | 30.23% | 17.38% | 36.48% | 32.56% | 35.11% | 37.78% | 44.3% | 44.11% |
| Operating Income Growth % | 24.59% | 20.16% | 22.2% | 11.53% | 29.05% | 110.8% | 5.98% | 17.42% | -22.51% | -9.17% | -14.89% | -10.11% | 10.43% | -48.48% | -11.59% | -23.28% | -32.4% | 11.3% | 34.4% | 234.52% |
| Pretax Income | 2.42B | 2.53B | 2.53B | 2.29B | 2.16B | 2.11B | 2.07B | 2.06B | 1.67B | 1B | 1.96B | 1.75B | 2.16B | 1.1B | 2.3B | 1.95B | 1.96B | 2.14B | 2.6B | 2.54B |
| Pretax Margin % | 33.32% | 34.52% | 34.68% | 32.87% | 31.16% | 30.2% | 30.32% | 30.07% | 25.03% | 14.86% | 27.93% | 24.52% | 30.23% | 17.38% | 36.48% | 32.56% | 35.11% | 37.78% | 44.3% | 44.11% |
| Income Tax | 469M | 482M | 524M | 472M | 443M | 438M | 350M | 445M | 347M | 139M | 431M | 382M | 455M | 171M | 481M | 414M | 397M | 459M | 564M | 551M |
| Effective Tax Rate % | 19.39% | 19.03% | 20.7% | 20.58% | 20.52% | 20.78% | 16.89% | 21.64% | 20.74% | 13.9% | 22.05% | 21.82% | 21.07% | 15.53% | 20.94% | 21.25% | 20.31% | 21.48% | 21.71% | 21.7% |
| Net Income | 1.95B | 2.05B | 2B | 1.81B | 1.71B | 1.66B | 1.71B | 1.6B | 1.32B | 847M | 1.52B | 1.36B | 1.7B | 925M | 1.81B | 1.53B | 1.56B | 1.67B | 2.03B | 1.98B |
| Net Margin % | 26.79% | 27.95% | 27.41% | 26.02% | 24.67% | 23.83% | 25.08% | 23.44% | 19.73% | 12.58% | 21.76% | 19.06% | 23.78% | 14.6% | 28.78% | 25.59% | 27.96% | 29.57% | 34.58% | 34.43% |
| Net Income Growth % | 13.81% | 23.33% | 16.74% | 13.23% | 29.57% | 96.34% | 12.54% | 17.78% | -22.32% | -8.43% | -15.95% | -11.1% | 9.06% | -44.71% | -10.65% | -22.75% | -31.71% | 10.14% | 28.35% | 187.66% |
| Net Income (Continuing) | 1.95B | 2.05B | 2.01B | 1.82B | 1.72B | 1.67B | 1.72B | 1.61B | 1.33B | 861M | 1.52B | 1.37B | 1.7B | 930M | 1.82B | 1.53B | 1.56B | 1.68B | 2.03B | 1.99B |
| EPS (Diluted) | 1.18 | 1.26 | 1.21 | 1.11 | 1.03 | 1.01 | 1.03 | 0.97 | 0.78 | 0.49 | 0.91 | 0.84 | 1.04 | 0.57 | 1.16 | 0.99 | 0.99 | 1.07 | 1.30 | 1.28 |
| EPS Growth % | 14.56% | 24.75% | 17.48% | 14.43% | 32.05% | 106.12% | 13.19% | 15.48% | -25% | -14.04% | -21.55% | -15.15% | 5.05% | -46.73% | -10.77% | -22.66% | -31.72% | 12.63% | 31.31% | 212.2% |
| EPS (Basic) | 1.18 | 1.26 | 1.22 | 1.11 | 1.03 | 1.01 | 1.03 | 0.97 | 0.78 | 0.49 | 0.91 | 0.84 | 1.04 | 0.57 | 1.16 | 0.99 | 0.99 | 1.07 | 1.30 | 1.29 |
| Diluted Shares Outstanding | 1.55B | 1.56B | 1.56B | 1.56B | 1.56B | 1.56B | 1.56B | 1.56B | 1.56B | 1.56B | 1.55B | 1.53B | 1.53B | 1.5B | 1.49B | 1.49B | 1.49B | 1.48B | 1.48B | 1.49B |