Payment Services — Net interest income (taxable-equivalent basis)
U.S. Bancorp Payment Services — Net interest income (taxable-equivalent basis) decreased by 0.1% to $794M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 7.0%, from $742M to $794M. Over 3 years (FY 2022 to FY 2025), Payment Services — Net interest income (taxable-equivalent basis) shows an upward trend with a 6.8% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase indicates improved net interest margins or growth in the segment's interest-earning asset base.
Detailed definition
The difference between interest earned on payment-related credit products and interest paid on deposits, adjusted to a t...
Peer comparison
A core metric for all banking segments; comparable to net interest income reported by other payment-focused banking divisions.
usb_segment_payment_services_net_interest_income_taxable_equivalent_basisHistorical Data
| 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 | $626M | $626M | $626M | $626M | $655M | $623M | $663M | $676M | $702M | $673M | $727M | $729M | $742M | $730M | $781M | $795M | $794M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +4.6% | -4.9% | +6.4% | +2.0% | +3.8% | -4.1% | +8.0% | +0.3% | +1.8% | -1.6% | +7.0% | +1.8% | -0.1% |
| YoY Change | — | — | — | — | +4.6% | -0.5% | +5.9% | +8.0% | +7.2% | +8.0% | +9.7% | +7.8% | +5.7% | +8.5% | +7.4% | +9.1% | +7.0% |
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Frequently Asked Questions
- 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 profit generated from interest-earning assets in the payment services segment after accounting for interest expenses.