PerpEquities

Equity · Financial services

Is U.S. Bancorp (USB) tradable as a perp? Not yet

U.S. Bancorp is a financial services holding company offering banking, lending, wealth management, and payment services to consumers, businesses, and institutions across the U.S.

Not yet listed on any perp exchange

No perpetual-futures venue lists USB yet. We track it continuously; as soon as the first listing appears, this page becomes a full market page. Until then: fundamentals below and tradable alternatives.

Similar stocks already tradable as perps
KKRMRSHICEPNCBNYSKSQUARE

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Company financials

Financials at a glance

Last report Q3 '26 · filed 2026-10-15 · next report 2027-01-19 · Updated 415h ago
All financials →

Valuation & key figures

Market cap
$91.5B
Updated 415h ago
Revenue
$44B
Trailing 12 months
Revenue growth
-28%
Next fiscal year
Profit margin
+19.0%
P/E
11.4
Peer P/E 21.9
P/S
2.1
Peer P/E
21.9
Similar listed perps
Free cash flow
$12.4B
Trailing 12 months
Net income
$8.4B
Trailing 12 months
Revenue estimate
$31.1B
Next fiscal year
Earnings
2027-01-19
Revenue est. $8.1B · Updated 415h ago
Dividend
$0.54
2026-09-30
Revenue (TTM)$44B+3.4% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)24.4%+3.1 pp vs a year agoOperating income $10.7B
Net income (TTM)$8.38B+16.5% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)$9B-9.1% vs a year agoCapex $0
Diluted EPS (TTM)$5.13+17.7% vs a year agoSum of the last 4 quarters
Net cash$130B+66.9% vs a year agoCash + short-term investments - debt
  • Revenue growth slowing: 2.3% year on yearQ3 '26 revenue $11.3B, against an average of 3.3% over the four quarters before.
  • Operating margin 24.4% (TTM), +3.1 pp on a year agoOperating income grew 18.2% while revenue grew 3.4%.
  • Capex 0.0% of revenue (a year ago 0.0%)$0 invested in the last 4 quarters (– on a year earlier). Free cash flow $9B = 107.4% of net income.
  • Returned $3.04B to shareholders = 33.8% of free cash flowBuybacks $599M (a year earlier $489M), dividends $2.44B, stock-based pay $0 (TTM).

Revenue, operating income and growth

quarterly

Revenue by business line

latest quarter
LineRevenuey/yShare
Wealth Management And Investment Services–––
Payment Services$1.72B-25.3%23.6%
Consumer And Small Business Banking–––
Wealth, Corporate, Commercial and Institutional Banking$3.48B–47.8%
Consumer and Business Banking$2.33B–31.9%
Treasury and Corporate Support-$238M-328.8%-3.3%
In the full financialsIncome statement, balance sheet and cash flow (12 quarters / 10 years) · margins and cost structure · capital allocation and buybacks · valuation against the 5-year range · analyst estimates · all 418 lines U.S. Bancorp reported to the SEC

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20265.28$31.1B-28%17
FY 20275.86$33.3B-22%19
FY 20286.43$35B-18%13
FY 20295.53$54.1B+26%10
Q1 20271.32$8B-26%10
Q2 20271.45$8.3B-24%8

Company events

6
2027-01-19EarningsActual - / Estimate 1.43-
2026-10-15Earnings · Before market openActual 1.34 / Estimate 1.32Beat
2026-09-30Dividend$0.54-
2026-07-16EarningsActual 1.35 / Estimate 1.28Beat
2026-06-30Dividend$0.52-
2026-04-16EarningsActual 1.18 / Estimate 1.14Beat

Peer comparison

Similar listed perps
NameMarket capP/SP/EProfit marginVenues
KKR$91B4.330.2+15.0%3MRSH$89.9B3.222.4+14.2%2ICE$94.4B7.222.9+31.7%2PNC$86.7B2.411.6+22.1%1BNY$97.2B2.421.3+16.3%1SKSQUARE$81.8B77.73.3-1,669.5%2ITUB$80.2B1.110.3+11.7%3CME$109.9B15.824.9+63.1%3

Analyst track record

How the analysts covering USB have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings129435
Analysts2837
Buy / hold / sell78 / 47 / 4266 / 158 / 11
Upgrades / downgrades / initiations4 / 1 / 616 / 8 / 10
Price targets hit / missed26 / 99 (21%)288 / 129 (69%)
Avg. return after a rating (TipRanks)-6.8%+10.6%
Best / worst call+14.1% / -21.3%+74.8% / -21.3%

After buy calls on this stock: median 21-day move +1.3% vs S&P 500 -0.9% (n = 272)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Vivek JunejaJ.P. Morgan100% hit rate on this stock · 9 targets measuredHoldtarget $65.50Oct 30, 2026
  2. Gerard CassidyRBC Capital89% hit rate on this stock · 18 targets measuredBuytarget $65.00Oct 15, 2026
  3. Ebrahim PoonawalaBank of America Securities81% hit rate on this stock · 16 targets measuredBuytarget $68.00Oct 19, 2026

Latest ratings

DateAnalystCallTarget
Nov 2, 2026Erika NajarianUBSHoldMaintained$66.00article ↗
Nov 2, 2026Erika NajarianUBSHoldMaintained$66.00
Oct 30, 2026Vivek JunejaJ.P. MorganHoldMaintained$65.50article ↗
Oct 30, 2026Vivek JunejaJ.P. MorganHoldMaintained$65.50
Oct 26, 2026Tracy BenguiguiWolfe ResearchHoldInitiated–article ↗
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$55.00$60.00$65.00$70.00Dec 25 · Buy 13 · Hold 7 · Sell 1Dec 25Jan 26 · Buy 13 · Hold 8 · Sell 1Feb 26 · Buy 14 · Hold 8 · Sell 1Feb 26Mar 26 · Buy 14 · Hold 9 · Sell 1Apr 26 · Buy 11 · Hold 9 · Sell 1Apr 26May 26 · Buy 11 · Hold 9 · Sell 1Jun 26 · Buy 10 · Hold 9 · Sell 1Jun 26Jul 26 · Buy 12 · Hold 7 · Sell 0Aug 26 · Buy 12 · Hold 7 · Sell 0Aug 26Sep 26 · Buy 12 · Hold 7 · Sell 0Oct 26 · Buy 14 · Hold 8 · Sell 0Oct 26Nov 26 · Buy 14 · Hold 8 · Sell 0Dec 25 · avg. target $57.12Jan 26 · avg. target $59.93Feb 26 · avg. target $61.93Mar 26 · avg. target $60.98Apr 26 · avg. target $62.21May 26 · avg. target $62.21Jun 26 · avg. target $61.98Jul 26 · avg. target $69.84Aug 26 · avg. target $69.89Sep 26 · avg. target $70.67Oct 26 · avg. target $69.07Nov 26 · avg. target $69.07Dec 25 · month-end close $53.36Jan 26 · month-end close $56.11Feb 26 · month-end close $54.66Mar 26 · month-end close $52.01Apr 26 · month-end close $56.66May 26 · month-end close $54.85Jun 26 · month-end close $60.40Jul 26 · month-end close $63.01Aug 26 · month-end close $61.58Sep 26 · month-end close $57.76Oct 26 · month-end close $59.45Nov 26 · month-end close $59.45

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data · computed Nov 2, 2026 · 129 ratings