U.S. Bancorp (USB) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
Loading revenue history...
USB Revenue Growth
Revenue Breakdown (FY 2024)
USB's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
USB Revenue Analysis (2014–2025)
As of May 8, 2026, U.S. Bancorp (USB) generated trailing twelve-month (TTM) revenue of $42.86 billion, reflecting modest growth of +2.9% year-over-year. The most recent quarter (Q4 2025) recorded $10.98 billion in revenue, down 0.3% sequentially.
Looking at the longer-term picture, USB's 5-year compound annual growth rate (CAGR) stands at +11.2%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $42.86 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows USB's business is primarily driven by Wealth Management And Investment Services (41%), Consumer And Small Business Banking (31%), and Payment Services (31%).
When compared to Financial Services sector peers including WFC, PNC, and TFC. Compare USB vs WFC →
USB Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| USBCurrent | $42.9B | +2.9% | +11.2% | 22.2% | |
 WFC | $125.4B | - | - | 18.6% | |
 PNC | $33.7B | - | - | 21.5% | |
 TFC | $24.3B | - | - | -2.5% | |
 CFG | $12.3B | - | - | 15.3% | |
 FITB | $13.0B | - | - | 22.3% |
USB Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $42.86B | - | $26.93B | 62.8% | $9.52B | 22.2% |
| 2024 | $42.71B | - | $25.10B | 58.8% | $7.91B | 18.5% |
| 2023 | $40.62B | - | $25.74B | 63.4% | $6.87B | 16.9% |
| 2022 | $27.40B | - | $22.21B | 81.0% | $7.30B | 26.6% |
| 2021 | $23.71B | - | $23.89B | 100.8% | $10.17B | 42.9% |
| 2020 | $25.24B | - | $19.42B | 76.9% | $6.05B | 24.0% |
| 2019 | $27.32B | - | $21.38B | 78.2% | $8.59B | 31.5% |
| 2018 | $25.77B | - | $21.14B | 82.0% | $8.68B | 33.7% |
| 2017 | $23.66B | - | $20.31B | 85.8% | $7.52B | 31.8% |
| 2016 | $22.42B | - | $19.63B | 87.5% | $8.11B | 36.1% |
Full USB Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
See USB's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs USB Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare USB vs BRK-A
Side-by-side business, growth, and profitability comparison vs Berkshire Hathaway Inc..
Start ComparisonUSB — Frequently Asked Questions
Quick answers to the most common questions about buying USB stock.
Is USB's revenue growth accelerating or slowing?
USB revenue growth slowed to +2.9%, below the 5-year CAGR of +11.2%. TTM revenue is $42.9B. The deceleration marks a shift from historical growth rates.
What is USB's long-term revenue growth rate?
U.S. Bancorp's 5-year revenue CAGR of +11.2% reflects the variable expansion pattern. Current YoY growth of +2.9% is near this long-term average.
How is USB's revenue distributed by segment?
USB reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.