What is U.S. Bancorp's obligation for operating leases?

U.S. Bancorp (USB) reported obligation for operating leases of $349M in Q4 2025.

How has U.S. Bancorp's obligation for operating leases changed year-over-year?

U.S. Bancorp's obligation for operating leases increased by 2.3% year-over-year, from $341M to $349M.

What is the long-term trend for U.S. Bancorp's obligation for operating leases?

Over 5 years (2020 to 2025), U.S. Bancorp's obligation for operating leases has grown at a 3.6% compound annual growth rate (CAGR), from $293M to $349M.

What does obligation for operating leases mean?

Tax assets resulting from the accounting treatment of office and branch lease obligations.

Other

Obligation for operating leases

U.S. Bancorp Obligation for operating leases increased by 2.3% to $349M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 2.3%, from $341M to $349M. Over 5 years (FY 2020 to FY 2025), Obligation for operating leases shows an upward trend with a 3.6% CAGR.

Analysis

StatementBalance Sheet Statement

SectionOther

CategoryEfficiency

SignalContext dependent

VolatilityStable

First reportedQ4 2019

Last reportedQ4 2025Feb 23, 2026

How to read this metric

Changes are driven by the size and duration of the bank's real estate footprint and lease renewals.

Detailed definition

This represents the deferred tax asset related to the difference between the lease liability recognized on the balance s...

Peer comparison

Standard for any company with a large physical branch network or significant real estate holdings.

Metric ID: other_deferred_tax_assets_obligation_for_operating_leases

Historical Data

5 periods

	Q4 '21	Q4 '22	Q4 '23	Q4 '24	Q4 '25
Value	$281M	$368M	$348M	$341M	$349M
QoQ Change	—	+31.0%	-5.4%	-2.0%	+2.3%
YoY Change	—	+31.0%	-5.4%	-2.0%	+2.3%

Range$281M – $368M

CAGR+24.2%

Avg YoY Growth+6.5%

Median YoY Growth+0.2%

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Frequently Asked Questions

What is U.S. Bancorp's obligation for operating leases?: U.S. Bancorp (USB) reported obligation for operating leases of $349M in Q4 2025.
How has U.S. Bancorp's obligation for operating leases changed year-over-year?: U.S. Bancorp's obligation for operating leases increased by 2.3% year-over-year, from $341M to $349M.
What is the long-term trend for U.S. Bancorp's obligation for operating leases?: Over 5 years (2020 to 2025), U.S. Bancorp's obligation for operating leases has grown at a 3.6% compound annual growth rate (CAGR), from $293M to $349M.
What does obligation for operating leases mean?: Tax assets resulting from the accounting treatment of office and branch lease obligations.