Operating Expenses
Amortization expense
U.S. Bancorp Amortization expense decreased by 12.7% to $110.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 10.6%, from $123.00M to $110.00M. Over 4 years (FY 2021 to FY 2025), Amortization expense shows an upward trend with a 33.0% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementIncome Statement
SectionOperating Expenses
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2013
Last reportedQ1 2026May 4, 2026
How to read this metric
An increase often follows significant acquisitions, while a decrease may signal that older intangible assets are becoming fully amortized.
Detailed definition
The systematic allocation of the cost of intangible assets, such as patents, trademarks, or customer relationships, over...
Peer comparison
Standard operating expense for companies with significant intellectual property or acquired intangible assets.
Metric ID:
cat_amortization_expenseHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $40.00M | $41.00M | $40.00M | $47.00M | $40.00M | $43.00M | $85.00M | $160.00M | $159.00M | $161.00M | $156.00M | $146.00M | $142.00M | $142.00M | $139.00M | $123.00M | $124.00M | $125.00M | $126.00M | $110.00M |
| QoQ Change | — | +2.5% | -2.4% | +17.5% | -14.9% | +7.5% | +97.7% | +88.2% | -0.6% | +1.3% | -3.1% | -6.4% | -2.7% | +0.0% | -2.1% | -11.5% | +0.8% | +0.8% | +0.8% | -12.7% |
| YoY Change | — | — | — | — | +0.0% | +4.9% | +112.5% | +240.4% | +297.5% | +274.4% | +83.5% | -8.8% | -10.7% | -11.8% | -10.9% | -15.8% | -12.7% | -12.0% | -9.4% | -10.6% |
Range$40.00M – $161.00M
CAGR+23.7%
Avg YoY Growth+56.9%
Median YoY Growth-9.1%
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Consumer And Business Banking | $67.00M | $67.00M | $65.00M | $59.00M | $59.00M | $59.00M | $59.00M | $52.00M |
| Wealth, Corporate, Commercial and Institutional Banking | $52.00M | $52.00M | $50.00M | $46.00M | $46.00M | $46.00M | $46.00M | $40.00M |
| Payment Services | $23.00M | $23.00M | $24.00M | $18.00M | $20.00M | $20.00M | $20.00M | $18.00M |
| Treasury and Corporate Support | — | — | — | $0.00 | — | — | — | — |
| Total | $142.00M | $142.00M | $139.00M | $123.00M | $124.00M | $125.00M | $126.00M | $110.00M |
Amortization expense at Other Companies
Frequently Asked Questions
- What is U.S. Bancorp's amortization expense?
- U.S. Bancorp (USB) reported amortization expense of $110.00M in Q1 2026.
- How has U.S. Bancorp's amortization expense changed year-over-year?
- U.S. Bancorp's amortization expense decreased by 10.6% year-over-year, from $123.00M to $110.00M.
- What is the long-term trend for U.S. Bancorp's amortization expense?
- Over 4 years (2021 to 2025), U.S. Bancorp's amortization expense has grown at a 33.0% compound annual growth rate (CAGR), from $159.00M to $498.00M.
- What does amortization expense mean?
- The periodic cost recorded for the gradual expiration of intangible assets.