Income StatementBalance SheetCash FlowSegments
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U.S. Bancorp Business Segments

Business, geographic, and product segment breakdowns

U.S. Bancorp generates $28.9B in annual revenue across 3 key segments: Consumer And Business Banking ($9.0B), Payment Services ($7.3B), and Wealth Corporate Commercial And Institutional Banking ($12.7B). Based on the Q1 2026 filing.

Consumer And Business Banking (TTM)$9.0BPayment Services (TTM)$7.3BWealth Corporate Commercial And Institutional Banking (TTM)$12.7B
Latest FilingQ1 2026
Report Date2026-05-04
Market Cap$85.1B
P/E Ratio10.90
ROE12.4%

Business Segments

Amortization of intangibles

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Consumer And Business Banking$65.0M$59.0M$59.0M$59.0M$59.0M$52.0M
Wealth, Corporate, Commercial and Institutional Banking$50.0M$46.0M$46.0M$46.0M$46.0M$40.0M
Payment Services$24.0M$18.0M$20.0M$20.0M$21.0M$18.0M

Total Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Wealth Corporate Commercial And Institutional Banking$465.0M$230.6B$212.0B$212.9B$1.9B$256.1B
Consumer And Business Banking—$166.5B$165.2B$158.7B—$156.9B
Payment Services$462.0M$46.8B$47.8B$48.4B$307.0M$49.0B

Compensation and employee benefits

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Wealth, Corporate, Commercial and Institutional Banking$498.0M$553.0M$535.0M$530.0M$534.0M$580.0M
Consumer and Business Banking$544.0M$525.0M$528.0M$526.0M$530.0M$522.0M
Payment Services$211.0M$212.0M$220.0M$227.0M$232.0M$232.0M

Goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Consumer And Business Banking$4.3B———$4.3B—
Payment Services$3.4B———$3.5B—
Treasury and Corporate Support$0.0———$0.0—
Wealth, Corporate, Commercial and Institutional Banking$4.8B———$4.8B—

Goodwill, Acquired During Period

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Consumer And Business Banking$0.0$0.0$0.0$0.0$0.0—
Payment Services$20.0M$11.5M$11.5M$11.5M$11.5M—
Treasury and Corporate Support$0.0$0.0$0.0$0.0$0.0—
Wealth, Corporate, Commercial and Institutional Banking$0.0$0.0$0.0$0.0$0.0—

Goodwill Average

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Wealth Corporate Commercial And Institutional Banking—$4.8B$4.8B$4.8B$1.0M$4.8B
Consumer And Business Banking—$4.3B$4.3B$4.3B—$4.3B
Payment Services$14.0M$3.4B$3.4B$3.5B$11.0M$3.5B

Goodwill Foreign Currency Translation Gain (Loss) And Other Increase (Decrease)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Consumer And Business Banking$0.0$0.0$0.0$0.0$0.0—
Payment Services-$7.8M$12.5M$12.5M$12.5M$12.5M—
Treasury and Corporate Support$0.0$0.0$0.0$0.0$0.0—
Wealth, Corporate, Commercial and Institutional Banking-$500.0K$750.0K$750.0K$750.0K$750.0K—

Income (loss) before income taxes

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Wealth Corporate Commercial And Institutional Banking$1.7B$1.6B$1.5B$1.5B$1.6B$1.9B
Consumer And Business Banking$570.0M$796.0M$612.0M$620.0M$484.0M$822.0M
Payment Services$311.0M$309.0M$434.0M$435.0M$346.0M$308.0M

Income (loss) before provision and income taxes

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Wealth Corporate Commercial And Institutional Banking$1.8B$1.6B$1.6B$1.7B$1.7B$2.0B
Consumer And Business Banking$650.0M$858.0M$651.0M$681.0M$560.0M$894.0M
Payment Services$774.0M$626.0M$818.0M$843.0M$807.0M$655.0M

Income taxes and taxable-equivalent adjustment

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Wealth Corporate Commercial And Institutional Banking$429.0M$402.0M$366.0M$387.0M$398.0M$478.0M
Consumer And Business Banking$143.0M$199.0M$153.0M$155.0M$121.0M$206.0M
Payment Services$78.0M$77.0M$109.0M$109.0M$87.0M$77.0M

Interest-bearing deposits

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Wealth Corporate Commercial And Institutional Banking$1.1B$219.2B$210.1B$217.7B$2.2B$229.8B
Consumer And Business Banking—$198.9B$200.9B$202.3B$565.0M$204.1B
Payment Services—$94.0M$95.0M$95.0M—$94.0M

Loans

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Wealth Corporate Commercial And Institutional Banking$232.0M$182.2B$181.1B$184.4B$2.0B$203.8B
Consumer And Business Banking$2.0M$153.9B$149.7B$145.9B—$144.3B
Payment Services$314.0M$41.6B$42.2B$43.0B$422.0M$44.0B

Net income (loss)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Wealth Corporate Commercial And Institutional Banking$1.3B$1.2B$1.1B$1.2B$1.2B$1.4B
Consumer And Business Banking$427.0M$597.0M$459.0M$465.0M$363.0M$616.0M
Payment Services$233.0M$232.0M$325.0M$326.0M$259.0M$231.0M

Net Income (Loss) Attributable to Noncontrolling Interest

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Consumer And Business Banking$0.0$0.0$0.0$0.0$0.0$0.0
Payment Services$0.0$0.0$0.0$0.0$0.0$0.0
Wealth Corporate Commercial And Institutional Banking$0.0$0.0$0.0$0.0$0.0$0.0

Net interest income (taxable-equivalent basis)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Wealth Corporate Commercial And Institutional Banking$1.9B$1.7B$1.8B$1.8B$1.9B$1.9B
Consumer And Business Banking$1.9B$1.8B$1.8B$1.8B$1.8B$1.8B
Payment Services$729.0M$742.0M$730.0M$781.0M$795.0M$794.0M

Net shared services

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Wealth, Corporate, Commercial and Institutional Banking$531.0M$632.0M$538.0M$522.0M$515.0M$642.0M
Payment Services$535.0M$582.0M$537.0M$547.0M$550.0M$567.0M
Consumer and Business Banking$694.0M$541.0M$704.0M$705.0M$700.0M$553.0M

Noninterest-bearing deposits

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Wealth Corporate Commercial And Institutional Banking$45.0M$56.0B$54.4B$55.3B$954.0M$57.8B
Consumer And Business Banking—$19.2B$19.6B$19.6B—$18.4B
Payment Services—$2.6B$2.5B$2.4B—$2.4B

Noninterest income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Wealth Corporate Commercial And Institutional Banking$1.2B$1.4B$1.2B$1.3B$1.2B$1.6B
Payment Services$1.1B$912.0M$1.1B$1.1B$1.1B$925.0M
Consumer And Business Banking$367.0M$530.0M$406.0M$436.0M$374.0M$524.0M

Other intangible assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Consumer And Business Banking—$4.4B$4.3B$4.2B—$3.9B
Wealth, Corporate, Commercial and Institutional Banking—$863.0M$817.0M$772.0M—$682.0M
Payment Services—$249.0M$258.0M$260.0M—$237.0M

Other Noninterest Expense, Including Additional Segment Items

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Consumer and Business Banking$327.0M$315.0M$307.0M$314.0M$314.0M$304.0M
Payment Services$236.0M$216.0M$251.0M$250.0M$287.0M$247.0M
Wealth, Corporate, Commercial and Institutional Banking$242.0M$251.0M$234.0M$235.0M$258.0M$243.0M

Provision for Credit Losses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Payment Services$463.0M$317.0M$384.0M$408.0M$461.0M$347.0M
Consumer And Business Banking$80.0M$62.0M$39.0M$61.0M$76.0M$72.0M
Wealth Corporate Commercial And Institutional Banking$50.0M$42.0M$183.0M$197.0M$156.0M$65.0M

Total deposits

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Wealth Corporate Commercial And Institutional Banking$1.2B$275.2B$264.5B$273.1B$3.1B$287.6B
Consumer And Business Banking—$218.1B$220.5B$222.0B$561.0M$222.5B
Payment Services—$2.7B$2.6B$2.5B—$2.5B

Total net revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Wealth Corporate Commercial And Institutional Banking$3.1B$3.1B$3.0B$3.1B$3.1B$3.5B
Consumer And Business Banking$2.3B$2.3B$2.2B$2.3B$2.2B$2.3B
Payment Services$1.8B$1.7B$1.8B$1.9B$1.9B$1.7B

Total noninterest expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Wealth, Corporate, Commercial and Institutional Banking$1.3B$1.5B$1.4B$1.3B$1.4B$1.5B
Consumer And Business Banking$1.6B$1.4B$1.6B$1.6B$1.6B$1.4B
Payment Services$1.0B$1.0B$1.0B$1.0B$1.1B$1.1B

Total U.S. Bancorp shareholders’ equity

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Wealth Corporate Commercial And Institutional Banking—$23.5B$21.8B$22.1B$181.0M$24.2B
Consumer And Business Banking—$13.7B$13.6B$13.4B—$13.1B
Payment Services$50.0M$10.2B$10.2B$10.3B$49.0M$10.6B

Revenue generated from certain contracts with customers

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Payment Services$2.4B$2.3B$2.4B$2.5B$2.5B$2.4B

Rewards and rebate costs and certain partner payments

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Payment Services$800.0M$741.0M$789.0M$811.0M$800.0M$800.0M