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U.S. Bancorp USB Q1 2026 earnings

Reported April 16, 2026 · Before market open

Revenue$7.3BBeat by $7.4M
EPS$1.18Beat by $0.04
Revenue estimate$7.3B
EPS estimate$1.14

Next report

Oct 15, 2026 (In 1 week)
Revenue estimate$8.0B
EPS estimate$1.31

Financials

Q1 2026

Income statement

See full
Revenue$7.3B+4.8%
Net income$1.9B+13.8%
EPS (diluted)$1.18+14.6%

Balance sheet

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Cash & equivalents$48.4B-3.2%
Total debt$79.2B+2.9%
Total equity$65.8B+9.5%
Total assets$701.00B+3.6%

Cash flow

See full
Operating cash flow$1.3B+535%

Valuation & ratios

Valuation

as of 03/31/26
See full
Market cap$80.73B+22.7%
Enterprise value$111.53B+20.2%
P/E10.3×+0.5×
P/S2.8×+0.4×

Profitability

See full
Net margin27%+2.8pp

Returns & leverage

See full
Return on equity12.4%+0.8pp
Debt / equity1.2×-0.1×

Segments

By segment

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Wealth, Corporate, Commercial and Institutional Banking$3.5B+11.2%
Consumer and Business Banking$2.3B+1.2%
Payment Services$1.7B+3.9%

FAQ

When did U.S. Bancorp report Q1 2026 earnings?
U.S. Bancorp (USB) reported Q1 2026 earnings on April 16, 2026 before market open.
What were U.S. Bancorp's Q1 2026 revenue and EPS?
U.S. Bancorp reported revenue of $7.3B and eps of $1.18 for Q1 2026.
Did U.S. Bancorp beat estimates in Q1 2026?
Revenue beat the consensus estimate of $7.3B by $7.4M. EPS beat the consensus estimate of $1.14 by $0.04.
How did U.S. Bancorp's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 5.2% from $6.9B a year earlier and eps grew 14.6% from $1.03.
Where can I find U.S. Bancorp's Q1 2026 SEC filings?
You can read the 8-K earnings release (0000036104-26-000021) and the 10-Q periodic report (0000036104-26-000024) directly on SEC EDGAR. The filing index links above go to sec.gov.