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
KKRCMELYGHOODSPGINU

Price chart

Interactive TradingView chart

TradingView symbol NYSE:USB

Loads TradingView's third-party widget (about 1 MB) on demand.

Auto: underlying reference priceOpen in TradingView

Company data

Company fundamentals

Updated 1h ago
Market cap
$93.6B
Updated 1h ago
Revenue
$43.7B
Trailing 12 months
Revenue growth
-28%
Next fiscal year
Profit margin
+18.7%
P/E
12.0
Peer P/E 24.0
Free cash flow
$12.4B
Trailing 12 months
More metrics
Net income
$8.2B
Trailing 12 months
P/S
2.1
Peer P/E
24.0
Similar listed perps
Revenue estimate
$31B
Next fiscal year
Earnings
2026-10-15
Revenue est. $8B · Updated 1h ago
Dividend
$0.54
2026-09-30

Fundamental detail

Annual + quarterly
Latest revenue$42.9B
Net margin+17.7%
Free cash flow$8B
Net debt$31B
2020$25.2B
2021$23.7B
2022$27.4B
2023$40.6B
2024$42.7B
2025$42.9B
PeriodRevenueGrowthNet incomeFCF
2020$25.2B-8%$5B$3.7B
2021$23.7B-6%$8B$9.9B
2022$27.4B+16%$5.8B$21.1B
2023$40.6B+48%$5.4B$8.4B
2024$42.7B+5%$6.3B$11.3B
2025$42.9B0%$7.6B$8B
PeriodGross marginOperating marginNet marginROEROA
2020+76.9%+24.0%+19.6%+9.3%+0.9%
2021+100.8%+42.9%+33.6%+14.5%+1.4%
2022+81.0%+26.6%+21.3%+11.5%+0.9%
2023+63.4%+16.9%+13.4%+9.8%+0.8%
2024+58.8%+18.5%+14.7%+10.8%+0.9%
2025+62.8%+22.2%+17.7%+11.6%+1.1%
PeriodCashDebtNet debtCurrent ratio
2020$62.6B$53.1B-$9.5B0.48
2021$28.9B$43.9B$15B0.37
2022$53.5B$71B$17.5B0.24
2023$61.2B$66.8B$5.6B0.26
2024$56.5B$73.5B$17B0.28
2025$46.9B$77.9B$31B0.26
PeriodMarket capEnterprise valueP/SP/E
2020$70.3B$60.8B2.815.2
2021$83.6B$98.7B3.511.0
2022$64.9B$82.4B2.411.8
2023$66.8B$72.3B1.613.2
2024$74.6B$91.6B1.712.6
2025$83B$114B1.911.5
Q3 2024$10.8B
Q4 2024$10.7B
Q1 2025$10.4B
Q2 2025$10.5B
Q3 2025$11B
Q4 2025$11B
Q1 2026$10.8B
Q2 2026$10.9B
PeriodRevenueGrowthNet incomeFCF
Q3 2024$10.8B+3%$1.7B$972M
Q4 2024$10.7B+3%$1.7B$4.8B
Q1 2025$10.4B-1%$1.7B-$285M
Q2 2025$10.5B-3%$1.8B$2B
Q3 2025$11B+2%$2B$3.4B
Q4 2025$11B+3%$2.1B$2.8B
Q1 2026$10.8B+5%$1.9B$1.3B
Q2 2026$10.9B+4%$2.2B$4.8B
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+58.2%+19.2%+15.9%+2.9%+0.2%
Q4 2024+60.2%+19.8%+15.6%+2.8%+0.2%
Q1 2025+61.7%+20.9%+16.5%+2.8%+0.3%
Q2 2025+61.5%+21.8%+17.2%+3.0%+0.3%
Q3 2025+61.1%+23.0%+18.2%+3.2%+0.3%
Q4 2025+66.8%+23.1%+18.7%+3.1%+0.3%
Q1 2026+61.7%+24.8%+18.0%+3.0%+0.3%
Q2 2026+65.4%+24.9%+19.9%+3.2%+0.3%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$73.6B$78.5B$5B0.30
Q4 2024$56.5B$73.5B$17B0.28
Q1 2025$50B$77B$27B0.27
Q2 2025$57.8B$79.1B$21.2B0.29
Q3 2025$66.6B$78B$11.3B0.30
Q4 2025$46.9B$77.9B$31B0.26
Q1 2026$48.4B$79.2B$30.8B0.40
Q2 2026$66.5B$96B$29.5B1.78
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$71.4B$76.4B6.611.1
Q4 2024$74.6B$91.6B7.011.8
Q1 2025$65.8B$92.8B6.410.2
Q2 2025$70.5B$91.8B6.710.2
Q3 2025$75.2B$86.6B6.89.9
Q4 2025$83B$114B7.610.6
Q1 2026$80.8B$111.6B7.511.0
Q2 2026$93.9B$123.4B8.611.2

Refreshed 1h ago

Charts: revenue, profit, cash flow & valuation
Revenue$10.9BQ2 2026
$2.8B$5.5B$8.3B$11BQ3 2023: $10.5BQ4 2023: $10.4BQ1 2024: $10.5BQ2 2024: $10.8BQ3 2024: $10.8BQ4 2024: $10.7BQ1 2025: $10.4BQ2 2025: $10.5BQ3 2025: $11BQ4 2025: $11BQ1 2026: $10.8BQ2 2026: $10.9BQ3 2023Q2 2026
Net income$2.2BQ2 2026
$544.3M$1.1B$1.6B$2.2BQ3 2023: $1.5BQ4 2023: $847MQ1 2024: $1.3BQ2 2024: $1.6BQ3 2024: $1.7BQ4 2024: $1.7BQ1 2025: $1.7BQ2 2025: $1.8BQ3 2025: $2BQ4 2025: $2.1BQ1 2026: $1.9BQ2 2026: $2.2BQ3 2023Q2 2026
EBITDA$2.8BQ2 2026
$708.5M$1.4B$2.1B$2.8BQ3 2023: $2.2BQ4 2023: $1.3BQ1 2024: $1.9BQ2 2024: $2.3BQ3 2024: $2.3BQ4 2024: $2.3BQ1 2025: $2.4BQ2 2025: $2.5BQ3 2025: $2.7BQ4 2025: $2.7BQ1 2026: $2.6BQ2 2026: $2.8BQ3 2023Q2 2026
Free cash flow$4.8BQ2 2026
$991.3M$2.3B$3.5B$4.8BQ3 2023: $3.9BQ4 2023: $416MQ1 2024: $2.7BQ2 2024: $2.9BQ3 2024: $972MQ4 2024: $4.8BQ1 2025: -$285MQ2 2025: $2BQ3 2025: $3.4BQ4 2025: $2.8BQ1 2026: $1.3BQ2 2026: $4.8BQ3 2023Q2 2026
EPS$1.35Q2 2026
$0.34$0.68$1.01$1.35Q3 2023: $0.91Q4 2023: $0.49Q1 2024: $0.78Q2 2024: $0.97Q3 2024: $1.03Q4 2024: $1.01Q1 2025: $1.03Q2 2025: $1.11Q3 2025: $1.21Q4 2025: $1.26Q1 2026: $1.18Q2 2026: $1.35Q3 2023Q2 2026
Cash / Debt$66.5BQ2 2026
$24B$48B$72B$96BQ3 2023 · Cash: $64.4BQ3 2023 · Debt: $65BQ4 2023 · Cash: $61.2BQ4 2023 · Debt: $66.8BQ1 2024 · Cash: $77BQ1 2024 · Debt: $69.8BQ2 2024 · Cash: $65.8BQ2 2024 · Debt: $69.3BQ3 2024 · Cash: $73.6BQ3 2024 · Debt: $78.5BQ4 2024 · Cash: $56.5BQ4 2024 · Debt: $73.5BQ1 2025 · Cash: $50BQ1 2025 · Debt: $77BQ2 2025 · Cash: $57.8BQ2 2025 · Debt: $79.1BQ3 2025 · Cash: $66.6BQ3 2025 · Debt: $78BQ4 2025 · Cash: $46.9BQ4 2025 · Debt: $77.9BQ1 2026 · Cash: $48.4BQ1 2026 · Debt: $79.2BQ2 2026 · Cash: $66.5BQ2 2026 · Debt: $96BQ3 2023Q2 2026
CashDebt
Profitability+65.4%Q2 2026
+16.7%+33.4%+50.1%+66.8%Q3 2023 · Gross margin: +61.7%Q4 2023 · Gross margin: +59.9%Q1 2024 · Gross margin: +58.6%Q2 2024 · Gross margin: +58.1%Q3 2024 · Gross margin: +58.2%Q4 2024 · Gross margin: +60.2%Q1 2025 · Gross margin: +61.7%Q2 2025 · Gross margin: +61.5%Q3 2025 · Gross margin: +61.1%Q4 2025 · Gross margin: +66.8%Q1 2026 · Gross margin: +61.7%Q2 2026 · Gross margin: +65.4%Q3 2023 · Operating margin: +18.6%Q4 2023 · Operating margin: +9.6%Q1 2024 · Operating margin: +16.0%Q2 2024 · Operating margin: +19.0%Q3 2024 · Operating margin: +19.2%Q4 2024 · Operating margin: +19.8%Q1 2025 · Operating margin: +20.9%Q2 2025 · Operating margin: +21.8%Q3 2025 · Operating margin: +23.0%Q4 2025 · Operating margin: +23.1%Q1 2026 · Operating margin: +24.8%Q2 2026 · Operating margin: +24.9%Q3 2023 · Net margin: +14.5%Q4 2023 · Net margin: +8.2%Q1 2024 · Net margin: +12.6%Q2 2024 · Net margin: +14.8%Q3 2024 · Net margin: +15.9%Q4 2024 · Net margin: +15.6%Q1 2025 · Net margin: +16.5%Q2 2025 · Net margin: +17.2%Q3 2025 · Net margin: +18.2%Q4 2025 · Net margin: +18.7%Q1 2026 · Net margin: +18.0%Q2 2026 · Net margin: +19.9%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth+3.8%Q2 2026
-0.7%+1.1%+2.9%+4.7%Q3 2024: +2.5%Q4 2024: +2.7%Q1 2025: -1.1%Q2 2025: -2.5%Q3 2025: +2.0%Q4 2025: +2.9%Q1 2026: +4.7%Q2 2026: +3.8%Q3 2023Q2 2026
Shares outstanding1.6BQ2 2026
390.3M780.5M1.2B1.6BQ3 2023: 1.5BQ4 2023: 1.6BQ1 2024: 1.6BQ2 2024: 1.6BQ3 2024: 1.6BQ4 2024: 1.6BQ1 2025: 1.6BQ2 2025: 1.6BQ3 2025: 1.6BQ4 2025: 1.6BQ1 2026: 1.6BQ2 2026: 1.6BQ3 2023Q2 2026
Valuation11.2Q2 2026
5.511.016.622.1Q3 2023 · P/E: 9.1Q4 2023 · P/E: 22.1Q1 2024 · P/E: 14.1Q2 2024 · P/E: 10.1Q3 2024 · P/E: 11.1Q4 2024 · P/E: 11.8Q1 2025 · P/E: 10.2Q2 2025 · P/E: 10.2Q3 2025 · P/E: 9.9Q4 2025 · P/E: 10.6Q1 2026 · P/E: 11.0Q2 2026 · P/E: 11.2Q3 2023 · P/S: 4.9Q4 2023 · P/S: 6.5Q1 2024 · P/S: 6.5Q2 2024 · P/S: 5.7Q3 2024 · P/S: 6.6Q4 2024 · P/S: 7.0Q1 2025 · P/S: 6.4Q2 2025 · P/S: 6.7Q3 2025 · P/S: 6.8Q4 2025 · P/S: 7.6Q1 2026 · P/S: 7.5Q2 2026 · P/S: 8.6Q3 2023Q2 2026
P/EP/S
Revenue$42.9B2025
$10.7B$21.4B$32.1B$42.9B2018: $25.8B2019: $27.3B2020: $25.2B2021: $23.7B2022: $27.4B2023: $40.6B2024: $42.7B2025: $42.9B20182025
Net income$7.6B2025
$2B$4B$6B$8B2018: $7.1B2019: $6.9B2020: $5B2021: $8B2022: $5.8B2023: $5.4B2024: $6.3B2025: $7.6B20182025
EBITDA$10.3B2025
$2.7B$5.3B$8B$10.7B2018: $9.1B2019: $9.1B2020: $6.6B2021: $10.7B2022: $7.9B2023: $7.9B2024: $8.8B2025: $10.3B20182025
Free cash flow$8B2025
$5.3B$10.6B$15.8B$21.1B2018: $10.6B2019: $4.9B2020: $3.7B2021: $9.9B2022: $21.1B2023: $8.4B2024: $11.3B2025: $8B20182025
EPS$4.612025
$1.28$2.55$3.82$5.12018: $4.142019: $4.162020: $3.062021: $5.12022: $3.692023: $3.272024: $3.792025: $4.6120182025
Cash / Debt$46.9B2025
$19.5B$39B$58.4B$77.9B2018 · Cash: $21.5B2018 · Debt: $55.5B2019 · Cash: $22.4B2019 · Debt: $63.9B2020 · Cash: $62.6B2020 · Debt: $53.1B2021 · Cash: $28.9B2021 · Debt: $43.9B2022 · Cash: $53.5B2022 · Debt: $71B2023 · Cash: $61.2B2023 · Debt: $66.8B2024 · Cash: $56.5B2024 · Debt: $73.5B2025 · Cash: $46.9B2025 · Debt: $77.9B20182025
CashDebt
Profitability+62.8%2025
+25.2%+50.4%+75.6%+100.8%2018 · Gross margin: +82.0%2019 · Gross margin: +78.2%2020 · Gross margin: +76.9%2021 · Gross margin: +100.8%2022 · Gross margin: +81.0%2023 · Gross margin: +63.4%2024 · Gross margin: +58.8%2025 · Gross margin: +62.8%2018 · Operating margin: +33.7%2019 · Operating margin: +31.5%2020 · Operating margin: +24.0%2021 · Operating margin: +42.9%2022 · Operating margin: +26.6%2023 · Operating margin: +16.9%2024 · Operating margin: +18.5%2025 · Operating margin: +22.2%2018 · Net margin: +27.5%2019 · Net margin: +25.3%2020 · Net margin: +19.6%2021 · Net margin: +33.6%2022 · Net margin: +21.3%2023 · Net margin: +13.4%2024 · Net margin: +14.7%2025 · Net margin: +17.7%20182025
Gross marginOperating marginNet margin
Revenue growth+0.3%2025
+6.3%+20.3%+34.3%+48.3%2019: +6.0%2020: -7.6%2021: -6.0%2022: +15.5%2023: +48.3%2024: +5.1%2025: +0.3%20182025
Shares outstanding1.6B2025
409.5M819M1.2B1.6B2018: 1.6B2019: 1.6B2020: 1.5B2021: 1.5B2022: 1.5B2023: 1.5B2024: 1.6B2025: 1.6B20182025
Valuation11.52025
3.87.611.415.22018 · P/E: 11.02019 · P/E: 14.32020 · P/E: 15.22021 · P/E: 11.02022 · P/E: 11.82023 · P/E: 13.22024 · P/E: 12.62025 · P/E: 11.52018 · P/S: 2.92019 · P/S: 3.42020 · P/S: 2.82021 · P/S: 3.52022 · P/S: 2.42023 · P/S: 1.62024 · P/S: 1.72025 · P/S: 1.920182025
P/EP/S

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20265.22$31B-28%16
FY 20275.82$33.1B-23%16
FY 20286.45$34.9B-19%9
Q1 20271.30$8B-26%4
Q2 20271.45$8.3B-24%4
Q3 20271.50$8.4B-24%7

Company events

6
2027-01-19EarningsActual - / Estimate 1.38-
2026-10-15EarningsActual - / Estimate 1.3-
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$88.7B4.229.4+15.0%1CME$99.2B14.723.3+63.1%3LYG$84.3B1.013.5+26.7%1HOOD$107.7B21.851.9+42.0%30SPGI$119.5B7.424.7+30.5%1NU$66.1B3.418.4+18.6%1PYPL$44.8B1.39.8+14.4%13BX$151B9.427.8+21.9%18

Analyst track record

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

12 months3 years
Ratings127426
Analysts2634
Buy / hold / sell75 / 47 / 5256 / 159 / 11
Upgrades / downgrades / initiations6 / 1 / 316 / 8 / 7
Price targets hit / missed47 / 76 (38%)304 / 104 (75%)
Avg. return after a rating (TipRanks)-3.2%+13.1%
Best / worst call+20.5% / -21.8%+94.4% / -21.8%

After buy calls on this stock: median 21-day move +0.9% vs S&P 500 -1.2% (n = 255)

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 · 10 targets measuredHoldtarget $69.00Jul 29, 2026
  2. Gerard CassidyRBC Capital88% hit rate on this stock · 16 targets measuredBuytarget $68.00Aug 24, 2026
  3. Ebrahim PoonawalaBank of America Securities82% hit rate on this stock · 17 targets measuredBuytarget $68.00Jul 17, 2026

Latest ratings

DateAnalystCallTarget
Sep 17, 2026Jason GoldbergBarclaysBuyMaintained$75.00article ↗
Sep 17, 2026Jason GoldbergBarclaysBuyMaintained$75.00
Sep 8, 2026Richard RamsdenGoldman SachsHoldMaintained$71.00article ↗
Sep 8, 2026Richard RamsdenGoldman SachsHoldMaintained$71.00
Sep 8, 2026Manan GosaliaMorgan StanleyHoldMaintained$67.00article ↗
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$45.00$50.00$55.00$60.00$65.00$70.00Oct 25 · Buy 14 · Hold 7 · Sell 1Oct 25Nov 25 · Buy 13 · Hold 7 · Sell 1Dec 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 25 · avg. target $55.93Nov 25 · avg. target $55.83Dec 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 $69.94Oct 25 · month-end close $46.68Nov 25 · month-end close $49.05Dec 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 $60.25

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

TipRanks data via FMP · computed Sep 18, 2026 · 127 ratings