Income StatementBalance SheetCash FlowSegments
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U.S. Bancorp Income Statement

Revenue, expenses, and profitability over time

U.S. Bancorp generated $28.9B in trailing twelve-month revenue, up 0.0% year-over-year. Net income was $7.8B with a 27.04% net margin. Diluted EPS is $4.77, which grew 0.2% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$28.9BNet Income (TTM)$7.8BEps Diluted (TTM)$4.78
Latest FilingQ1 2026
Report Date2026-05-04
Market Cap$85.1B
P/E Ratio10.90
ROE12.4%

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Amortization of Finite-Lived Intangible Assets$139.0M$123.0M$124.0M$125.0M$126.0M$110.0M
Information processing and communications$534.0M$533.0M$534.0M$560.0M$584.0M$573.0M
Amortization expense$139.0M$123.0M$124.0M$125.0M$126.0M$110.0M
Information processing and communications$534.0M$533.0M$534.0M$560.0M$584.0M$573.0M
Occupancy and equipment$317.0M$306.0M$301.0M$300.0M$320.0M$304.0M
Other operating expenses$419.0M$353.0M$352.0M$359.0M$337.0M$341.0M
Professional fees$135.0M$98.0M$109.0M$117.0M$144.0M$92.0M
Provision for credit losses$560.0M$537.0M$501.0M$571.0M$577.0M$576.0M
Selling and marketing$160.0M$182.0M$161.0M$175.0M$187.0M$217.0M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest and dividend income, securities$1.3B$1.3B$1.4B$1.4B$1.3B$1.3B
Other Interest and Dividend Income$781.0M$647.0M$642.0M$812.0M$938.0M$974.0M
Other operating income$207.0M$149.0M$192.0M$213.0M$234.0M$123.0M
Net interest income$4.1B$4.1B$4.1B$4.2B$4.3B$4.3B
Total noninterest income$2.8B$2.8B$2.9B$3.1B$3.1B$3.0B
Total revenue$7.0B$6.9B$7.0B$7.3B$7.3B$7.3B
Interest Income from Loans Held in Portfolio$5.7B$5.5B$5.5B$5.7B$5.6B$5.5B
Mortgage Banking Income$116.0M$173.0M$162.0M$180.0M$130.0M$161.0M

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest Expense on Long-Term Debt$656.0M$664.0M$721.0M$729.0M$683.0M$646.0M
Interest Expense on Short-Term Borrowings$257.0M$249.0M$291.0M$328.0M$505.0M$645.0M
Interest Expense on Short-Term Borrowings$257.0M$249.0M$291.0M$328.0M$505.0M$645.0M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income applicable to common shareholders$1.6B$1.6B$1.7B$1.9B$2.0B$1.8B
Net Income Allocated to Common (Diluted)$1.6B$1.6B$1.7B$1.9B$2.0B$1.8B
Common Stock Dividends$785.0M$787.0M$784.0M$784.0M$813.0M$816.0M
Net earnings to common$1.6B$1.6B$1.7B$1.9B$2.0B$1.8B
Net Income Available to Common Stockholders (Diluted)$1.6B$1.6B$1.7B$1.9B$2.0B$1.8B
Net Income Available to Common Shareholders$1.6B$1.6B$1.7B$1.9B$2.0B$1.8B
Net income$1.7B$1.7B$1.8B$2.0B$2.0B$1.9B
Net income attributable to common stock$1.6B$1.6B$1.7B$1.9B$2.0B$1.8B
Common Stock Dividends$785.0M$787.0M$784.0M$784.0M$813.0M$816.0M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cash Paid for Interest$3.8B$3.6B$3.6B$3.6B$3.6B—
Interest expense$3.7B$3.4B$3.6B$3.7B$3.6B$3.6B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Reclassifications Net of Tax$1.6B$1.6B$1.7B$1.9B$2.0B$1.8B
Interest Paid, Net$3.8B$3.6B$3.6B$3.6B$3.6B—
Amortization of capitalized software and acquired intangible assets$139.0M$123.0M$124.0M$125.0M$126.0M$110.0M
Capital markets revenue$364.0M$292.0M$390.0M$434.0M$427.0M$377.0M
Corporate payment and treasury management revenue—$400.0M———$408.0M
Total net securities (losses)-$1.0M$0.0-$57.0M-$7.0M$0.0-$35.0M
Depreciation Nonproduction$99.0M$92.0M$93.0M$91.0M$101.0M$94.0M
Compensation and employee benefits$2.6B$2.6B$2.6B$2.6B$2.5B$2.6B
Card revenue$433.0M$374.0M$442.0M$440.0M$455.0M$391.0M
Trust and investment management fees$703.0M$680.0M$703.0M$730.0M$756.0M$745.0M
Gain Loss On Sale Of Loans Held For Sale$152.0M$44.0M$64.0M$78.0M$71.0M$49.0M
Gain Loss On Sale Of Other Assets—$28.0M-$43.0M——-$27.0M
Income taxes paid$124.8M$136.0M$136.0M$136.0M$136.0M—
Interest and Dividend Income, Operating$7.8B$7.5B$7.6B$7.9B$7.9B$7.8B
Interest and Dividend Income, Securities, Operating$1.3B$1.3B$1.4B$1.4B$1.3B$1.3B
Interest Expense, Deposits$2.8B$2.5B$2.5B$2.6B$2.5B$2.3B
Interest Expense, Long-Term Debt$656.0M$664.0M$721.0M$729.0M$683.0M$646.0M
Interest Income (Expense), after Provision for Loan Loss$3.6B$3.6B$3.6B$3.7B$3.7B$3.7B
Interest Income (Expense), Operating$4.1B$4.1B$4.1B$4.2B$4.3B$4.3B
Interest Paid, Excluding Capitalized Interest, Operating Activity$3.8B$3.6B$3.6B$3.6B$3.6B—
Investment products fees$87.0M$87.0M$90.0M$97.0M$101.0M$97.0M
Lending and deposit-related fees—$266.0M———$294.0M
Merchant processing services$419.0M$415.0M$474.0M$463.0M$440.0M$436.0M
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation—-$3.9B$7.4B$5.2B—$5.7B
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation-$12.9B-$2.5B-$1.4B$0.0-$16.9B-$5.4B
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation$4.8B-$308.0M$2.1B$3.4B$2.8B$1.3B
Noninterest Expense$4.3B$4.2B$4.2B$4.2B$4.2B$4.3B
All other operating activities$1.6B-$3.2B———-$950.0M
Payment for Origination and Purchase, Loan, Held-for-Sale$6.3B$4.2B$5.7B$5.7B$6.6B$5.4B
Payment for (Proceeds from) Other Investing Activity$541.0M$634.0M$799.0M$521.0M$1.0B$959.0M
Payments for Repurchase of Common Stock$122.0M$160.0M$106.0M$101.0M$122.0M$276.0M
Payments of Ordinary Dividends, Common Stock$785.0M$787.0M$784.0M$784.0M$813.0M$816.0M
Payments of Ordinary Dividends, Preferred Stock and Preference Stock$102.0M$72.0M$96.0M$69.0M$97.0M$68.0M
Payments to Acquire Held-to-Maturity Securities$20.0M$644.0M$2.0B$591.0M$745.0M$763.0M
Proceeds from Issuance of Common Stock$10.0M$16.0M$6.0M$10.0M$13.0M$16.0M
Debt issued (Note 13)$3.2B$3.6B$5.7B$964.0M$69.0M$3.3B
Proceeds from Maturities, Prepayments and Calls of Held-to-Maturity Securities$1.5B$1.4B$2.3B$1.7B$1.6B$1.6B
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-Sale$1.5B$1.3B$1.5B$1.6B$2.5B$2.5B
Proceeds from (Repayments of) Short-Term Debt—$1.6B-$2.1B$410.0M$1.7B$697.0M
Proceeds From Sale Of Loans And Leases Held For Investment$307.0M$766.0M$5.8B$123.0M$156.0M$144.0M
Proceeds From Sale Of Loans Held For Sale$7.3B$4.7B$5.1B$5.7B$6.5B$4.9B
Repayments of Long-Term Debt$126.0M$2.1B$1.6B$2.6B$2.7B$3.2B
Cash Dividends, Common Stock$785.0M$787.0M$784.0M$784.0M$813.0M$816.0M

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$1.02$1.03$1.11$1.22$1.26$1.18
Diluted earnings per share$1.02$1.03$1.11$1.22$1.27$1.18
Weighted-average shares, basic—1.6B1.6B1.6B—1.6B
Weighted-average shares, diluted—1.6B1.6B1.6B—1.6B

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$2.1B$2.2B$2.3B$2.5B$2.5B$2.4B

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$438.0M$443.0M$472.0M$524.0M$482.0M$469.0M