Net Income
U.S. Bancorp Net Income decreased by 4.9% to $1.95B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 13.8%, from $1.71B to $1.95B. Over 4 years (FY 2021 to FY 2025), Net Income shows relatively stable performance with a -1.3% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase signals improved profitability and potential for higher dividends or reinvestment, while a decrease may indicate rising costs or slowing sales.
Detailed definition
Net income represents the total profit of the company after all operating expenses, interest, taxes, and preferred stock...
Peer comparison
Peer companies in the consumer electronics and software sectors typically trade on multiples of this figure, though it can be impacted by one-time tax events.
cf_net_incomeHistorical Data
| 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 | $1.98B | $2.03B | $1.67B | $1.56B | $1.53B | $1.81B | $925.00M | $1.70B | $1.36B | $1.52B | $847.00M | $1.32B | $1.60B | $1.71B | $1.66B | $1.71B | $1.82B | $2.00B | $2.05B | $1.95B |
| QoQ Change | — | +2.3% | -17.5% | -6.9% | -1.7% | +18.4% | -49.0% | +83.6% | -19.8% | +11.9% | -44.4% | +55.7% | +21.5% | +6.9% | -3.0% | +2.8% | +6.2% | +10.2% | +2.2% | -4.9% |
| YoY Change | — | — | — | — | -22.8% | -10.7% | -44.7% | +9.1% | -11.1% | -15.9% | -8.4% | -22.3% | +17.8% | +12.5% | +96.3% | +29.6% | +13.2% | +16.7% | +23.0% | +13.8% |
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Wealth Corporate Commercial And Institutional Banking | $1.17B | $1.19B | $1.76B | $1.17B | $1.10B | $1.16B | $1.20B | $1.43B |
| Consumer And Business Banking | $512.00M | $476.00M | $295.00M | $398.00M | $459.00M | $465.00M | $401.00M | $616.00M |
| Payment Services | $297.00M | $277.00M | $198.00M | $340.00M | $325.00M | $326.00M | $291.00M | $231.00M |
| Treasury And Corporate Support | -$378.00M | -$226.00M | -$589.00M | -$200.00M | — | — | — | — |
| Total | $1.60B | $1.71B | $1.66B | $1.71B | $1.82B | $2.00B | $2.05B | $1.95B |
Consolidated Company, Corporate And Commercial Banking, Payments Services, Treasury And Corporate Support, Wealth Management And Investment Services were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Net Income at Other Companies
Frequently Asked Questions
- What is U.S. Bancorp's net income?
- U.S. Bancorp (USB) reported net income of $1.95B in Q1 2026.
- How has U.S. Bancorp's net income changed year-over-year?
- U.S. Bancorp's net income increased by 13.8% year-over-year, from $1.71B to $1.95B.
- What is the long-term trend for U.S. Bancorp's net income?
- Over 4 years (2021 to 2025), U.S. Bancorp's net income has grown at a -1.3% compound annual growth rate (CAGR), from $7.96B to $7.57B.
- What does net income mean?
- The company's total profit after all expenses and taxes have been paid.