What is U.S. Bancorp's payment services — total noninterest expense?

U.S. Bancorp (USB) reported payment services — total noninterest expense of $1.06B in Q1 2026.

How has U.S. Bancorp's payment services — total noninterest expense changed year-over-year?

U.S. Bancorp's payment services — total noninterest expense increased by 3.5% year-over-year, from $1.03B to $1.06B.

What is the long-term trend for U.S. Bancorp's payment services — total noninterest expense?

Over 3 years (2022 to 2025), U.S. Bancorp's payment services — total noninterest expense has grown at a 5.9% compound annual growth rate (CAGR), from $3.53B to $4.19B.

What does payment services — total noninterest expense mean?

The total operating costs required to run the payment services business, excluding interest expenses.

Business Segments · Total noninterest expense

Payment Services — Total noninterest expense

U.S. Bancorp Payment Services — Total noninterest expense decreased by 2.4% to $1.06B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 3.5%, from $1.03B to $1.06B. Over 3 years (FY 2022 to FY 2025), Payment Services — Total noninterest expense shows an upward trend with a 5.9% CAGR. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementSegment

CategoryEfficiency

SignalLower is better

VolatilityStable

First reportedQ1 2014

Last reportedQ1 2026May 4, 2026

Rolls up toTotal Operating Expenses

How to read this metric

An increase may indicate rising operational costs or investments in technology, while a decrease suggests improved cost management or efficiency gains.

Detailed definition

This represents the aggregate operating costs incurred by the payment services segment, excluding interest expense. It e...

Peer comparison

Comparable to noninterest expense line items in the payments or transaction services segments of other diversified financial institutions.

Metric ID: usb_segment_payment_services_total_noninterest_expense

Historical Data

17 periods

	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	$881.25M	$881.25M	$881.25M	$881.25M	$959M	$941M	$1.01B	$998M	$1.01B	$992M	$990M	$1.01B	$1.03B	$1.03B	$1.04B	$1.09B	$1.06B
QoQ Change	—	+0.0%	+0.0%	+0.0%	+8.8%	-1.9%	+6.9%	-0.8%	+0.9%	-1.5%	-0.2%	+1.6%	+2.2%	+0.0%	+1.6%	+4.4%	-2.4%
YoY Change	—	—	—	—	+8.8%	+6.8%	+14.2%	+13.2%	+5.0%	+5.4%	-1.6%	+0.8%	+2.1%	+3.6%	+5.5%	+8.3%	+3.5%

Range$881.25M – $1.09B

CAGR+4.8%

Avg YoY Growth+5.8%

Median YoY Growth+5.4%

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Frequently Asked Questions

What is U.S. Bancorp's payment services — total noninterest expense?: U.S. Bancorp (USB) reported payment services — total noninterest expense of $1.06B in Q1 2026.
How has U.S. Bancorp's payment services — total noninterest expense changed year-over-year?: U.S. Bancorp's payment services — total noninterest expense increased by 3.5% year-over-year, from $1.03B to $1.06B.
What is the long-term trend for U.S. Bancorp's payment services — total noninterest expense?: Over 3 years (2022 to 2025), U.S. Bancorp's payment services — total noninterest expense has grown at a 5.9% compound annual growth rate (CAGR), from $3.53B to $4.19B.
What does payment services — total noninterest expense mean?: The total operating costs required to run the payment services business, excluding interest expenses.