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U.S. Bancorp USB Payment Services — Net interest income (taxable-equivalent basis)

Other segment segments

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$1.87B+9.7%
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$1.8B+1.9%

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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 usb:InterestIncomeExpenseNetTaxableEquivalentBasis.

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
Condensed Income Statement
Net interest income (taxable-equivalent basis)(a)$1,874$1,709$1,801$1,768$794$742$(178)$(97)$4,291$4,122
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

Item 1. )

FAQ

What is U.S. Bancorp's payment services — net interest income (taxable-equivalent basis)?
U.S. Bancorp (USB) reported payment services — net interest income (taxable-equivalent basis) of $794M in Q1 2026.
How has U.S. Bancorp's payment services — net interest income (taxable-equivalent basis) changed year-over-year?
U.S. Bancorp's payment services — net interest income (taxable-equivalent basis) increased by 7.0% year-over-year, from $742M to $794M.
What is the long-term trend for U.S. Bancorp's payment services — net interest income (taxable-equivalent basis)?
Over 3 years (2022 to 2025), U.S. Bancorp's payment services — net interest income (taxable-equivalent basis) has grown at a 6.8% compound annual growth rate (CAGR), from $2.5B to $3.05B.
What does payment services — net interest income (taxable-equivalent basis) mean?
The difference between interest earned on payment-related credit products and interest paid on deposits, adjusted to a taxable-equivalent basis. This metric measures the core profitability of the segment's lending and deposit-taking activities.

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