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U.S. Bancorp USB Payment Services — Amortization of intangibles

Other segment segments

Consumer And Business Banking
$52M-11.9%
Wealth, Corporate, Commercial and Institutional Banking
$40M-13.0%

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Other financials

Income statement

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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

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Operating cash flow$1.3B+535%

Valuation

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Market cap$98.15B+41.8%
Enterprise value$128.95B+42.6%
P/E12.6×+2.5×
P/S3.4×+0.9×

Profitability

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Net margin27%+2.8pp

Returns & leverage

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

Where this comes from

Reported directly by U.S. Bancorp in its filing.

Tagged under the XBRL concept us-gaap:AmortizationOfIntangibleAssets.

The source filing: U.S. Bancorp’s 10-Q, filed May 4, 2026.

Filed
May 4, 2026, 4:17 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000036104-26-000024
(Dollars in Millions)Wealth, Corporate, Commercial and Institutional Banking / 2026Wealth, Corporate, Commercial and Institutional Banking / 2025Consumer and Business Banking / 2026Consumer and Business Banking / 2025Payment Services / 2026Payment Services / 2025Treasury and Corporate Support / 2026Treasury and Corporate Support / 2025Consolidated Company / 2026Consolidated Company / 2025
Noninterest income(b)(c)1,6081,422524530925912(60)(28)2,9972,836
Total net revenue(d)3,4823,1312,3252,2981,7191,654(238)(125)7,2886,958
Compensation and employee benefits5805535225252322121,2941,3472,6282,637
Other intangibles404652591818110123
Net shared services642632553541567582(1,762)(1,755)
Other direct expenses(e)2432513043152472167336901,5271,472
Total noninterest expense1,5051,4821,4311,4401,0641,0282652824,2654,232
Income (loss) before provision and income taxes1,9771,649894858655626(503)(407)3,0232,726

Item 1. )

FAQ

What is U.S. Bancorp's payment services — amortization of intangibles?
U.S. Bancorp (USB) reported payment services — amortization of intangibles of $18M in Q1 2026.
How has U.S. Bancorp's payment services — amortization of intangibles changed year-over-year?
U.S. Bancorp's payment services — amortization of intangibles decreased by 0.0% year-over-year, from $18M to $18M.
What is the long-term trend for U.S. Bancorp's payment services — amortization of intangibles?
Over 3 years (2022 to 2025), U.S. Bancorp's payment services — amortization of intangibles has grown at a -16.6% compound annual growth rate (CAGR), from $136M to $79M.
What does payment services — amortization of intangibles mean?
The periodic expense recognized for the gradual write-down of intangible assets, such as customer lists or technology platforms, acquired by the payment services segment. It reflects the consumption of the economic value of these assets over time.

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