U.S. BancorpUSBEarnings & Financial Report
U.S. Bancorp is an American multinational banking institution headquartered in Minneapolis, Minnesota and incorporated in Delaware. It is the 5th-largest bank in the United States as of 2025. As the largest bank in the Midwestern United States, it is considered systemically important by the Financial Stability Board. It is the parent company of its primary operating entity, U.S. Bank National Association, which does business as U.S. Bank. The company provides banking, investment, mortgage, tr...
Revenue
$7.0B
Gross Profit
N/A
Operating Profit
$2.3B
Net Profit
$1.8B
Gross Margin
N/A
Operating Margin
32.7%
Net Margin
25.9%
YoY Growth
2.0%
EPS
$1.11
U.S. Bancorp Q2 FY2025 Financial Summary
U.S. Bancorp reported revenue of $7.0B (up 2.0% YoY) for Q2 FY2025, with a net profit of $1.8B (up 13.2% YoY) (25.9% margin).
Key Financial Metrics
| Total Revenue | $7.0B |
|---|---|
| Net Profit | $1.8B |
| Gross Margin | N/A |
| Operating Margin | 32.7% |
| Report Period | Q2 FY2025 |
Revenue Breakdown
U.S. Bancorp Q2 FY2025 revenue of $7.0B breaks down across 3 segments, led by Wealth Corporate Commercial And Institutional Banking at $3.0B (42.8% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Wealth Corporate Commercial And Institutional Banking | $3.0B | 42.8% |
| Consumer And Business Banking | $2.2B | 32.1% |
| Payment Services | $1.8B | 26.4% |
U.S. Bancorp Revenue by Segment — Quarterly Trend
U.S. Bancorp revenue by segment across the last 4 reported quarters, showing how each business line (such as Wealth Corporate Commercial And Institutional Banking and Consumer And Business Banking) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Wealth Corporate Commercial And Institutional Banking | — | $3.1B | $3.0B | $2.9B |
| Consumer And Business Banking | — | $2.3B | $2.2B | $2.2B |
| Payment Services | — | $1.9B | $1.8B | $1.8B |
U.S. Bancorp Annual Revenue by Year
U.S. Bancorp annual revenue history includes year-by-year totals (for example, 2025 revenue was $28.7B).
| Year | Annual Revenue |
|---|---|
| 2025 | $28.7B |
| 2024 | $27.5B |
| 2023 | $28.1B |
| 2022 | $17.2B |
U.S. Bancorp Quarterly Revenue & Net Profit History
U.S. Bancorp results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $7.4B | +5.1% | $2.0B | 27.8% |
| Q3 FY2025 | $7.3B | +6.8% | $2.0B | 27.3% |
| Q2 FY2025 | $7.0B | +2.0% | $1.8B | 25.9% |
| Q1 FY2025 | $7.0B | +3.6% | $1.7B | 24.6% |
| Q4 FY2024 | $7.0B | +3.7% | $1.7B | 23.7% |
| Q3 FY2024 | $6.9B | -2.4% | $1.7B | 25.0% |
| Q2 FY2024 | $6.9B | -4.3% | $1.6B | 23.3% |
| Q1 FY2024 | $6.7B | -6.4% | $1.3B | 19.6% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.71B | $6.87B | $6.86B | $7.01B | $6.96B | $7.00B | $7.33B | $7.37B |
| YoY Growth | -6.4% | -4.3% | -2.4% | 3.7% | 3.6% | 2.0% | 6.8% | 5.1% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $683.61B | $680.06B | $686.47B | $678.32B | $676.49B | $686.37B | $695.36B | $692.35B |
| Liabilities | $627.57B | $623.17B | $627.15B | $619.28B | $615.93B | $624.47B | $631.56B | $626.69B |
| Equity | $55.57B | $56.42B | $58.86B | $58.58B | $60.10B | $61.44B | $63.34B | $65.19B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $2.66B | $2.87B | $972.0M | $4.77B | $-285.0M | $2.03B | $3.39B | $2.84B |