U.S. Bancorp (USB) balance sheet
NYSE · Financial Services · Banks - Regional · 70,000 employees · CEO Gunjan Kedia
- Price
- $59.45 -1.96%
- Market cap
- $92.6B
- Enterprise value
- $116B
- Last report
- Q3 '26 filed 2026-10-15
- Next report
- 2027-01-19
At the end of Q3 '26 U.S. Bancorp (USB) held $203B in cash and short-term investments against $73B of debt incl. leases. Total assets $703B, total liabilities $636B, shareholders' equity $66.4B.
Balance sheet
| Balance sheet | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||
| Cash & equivalents | $61.2B | $77B | $65.8B | $73.6B | $56.5B | $50B | $57.8B | $66.6B | $46.9B | $48.4B | $66.5B | $49.5B | |
| Short-term investments | $69.4B | $72.2B | $80.2B | $82.1B | $86.4B | $86.3B | $90.3B | $89B | $90.8B | $169B | $0 | $153B | |
| Receivables | $8.34B | $8.33B | $8.38B | $8.24B | $8.27B | $8.17B | $8.1B | $7.94B | $0 | $0 | $0 | $0 | |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.93B | $0 | $2.43B | |
| Current assets | $139B | $157B | $154B | $164B | $151B | $145B | $156B | $164B | $138B | $220B | $66.5B | $205B | |
| Property, plant & equipment (net) | $3.62B | $3.54B | $3.57B | $3.59B | $3.57B | $3.58B | $3.63B | $3.7B | $3.77B | $3.82B | $3.85B | $3.89B | |
| Long-term investments | $444B | $444B | $444B | $441B | $444B | $446B | $445B | $446B | $454B | $392B | $569B | $407B | |
| Goodwill | $12.5B | $12.5B | $12.5B | $12.6B | $12.5B | $12.6B | $12.6B | $12.6B | $12.6B | $12.6B | $13.2B | $13.2B | |
| Intangible assets | $6.08B | $6.03B | $5.76B | $5.49B | $5.55B | $5.38B | $5.29B | $5.15B | $4.9B | $4.8B | $5B | $5.31B | |
| Other non-current assets | $58B | $60.4B | $60.3B | $60B | $61B | $64.7B | $63.9B | $64.1B | $79.1B | $67.4B | -$569B | $68B | |
| Non-current assets | $525B | $526B | $526B | $523B | $527B | $532B | $530B | $532B | $555B | $481B | $22.1B | $498B | |
| Total assets | $663B | $684B | $680B | $686B | $678B | $676B | $686B | $695B | $692B | $701B | $726B | $703B | |
| Liabilities | |||||||||||||
| Short-term debt | $15.3B | $17.1B | $16.6B | $23.7B | $15.5B | $17.2B | $15B | $15.4B | $17.2B | $17.9B | $37.3B | $21B | |
| Other current liabilities | $512B | $528B | $524B | $521B | $518B | $513B | $519B | $526B | $522B | $528B | $0 | $532B | |
| Current liabilities | $528B | $545B | $540B | $545B | $534B | $530B | $534B | $542B | $539B | $546B | $37.3B | $553B | |
| Long-term debt | $51.5B | $52.7B | $52.7B | $54.8B | $58B | $59.9B | $64B | $62.5B | $60.8B | $61.4B | $58.7B | $52B | |
| Other non-current liabilities | $28.6B | $29.7B | $30.1B | $27.5B | $27.4B | $26.4B | $26.7B | $27.4B | $26.6B | $27.4B | $562B | $31.3B | |
| Non-current liabilities | $80.1B | $82.4B | $82.8B | $82.3B | $85.5B | $86.2B | $90.7B | $90B | $87.3B | $88.7B | $621B | $83.3B | |
| Total liabilities | $608B | $628B | $623B | $627B | $619B | $616B | $624B | $632B | $627B | $635B | $658B | $636B | |
| Equity | |||||||||||||
| Common stock & paid-in capital | $21M | $21M | $21M | $21M | $21M | $21M | $21M | $21M | $21M | $21M | $21M | $21M | |
| Retained earnings | $74B | $74.5B | $75.2B | $76.1B | $76.9B | $77.7B | $78.7B | $79.7B | $80.9B | $81.9B | $83.2B | $84.5B | |
| Accumulated other comprehensive income | -$10.1B | -$10.4B | -$10.3B | -$8.75B | -$9.76B | -$9.04B | -$8.61B | -$7.75B | -$6.99B | -$7.22B | -$7.11B | -$9.46B | |
| Shareholders' equity | $55.3B | $55.6B | $56.4B | $58.9B | $58.6B | $60.1B | $61.4B | $63.3B | $65.2B | $65.8B | $67.4B | $66.4B | |
| Debt | |||||||||||||
| Total debt (incl. leases) | $66.8B | $69.8B | $69.3B | $78.5B | $73.5B | $77B | $79.1B | $78B | $77.9B | $79.2B | $96B | $73B | |
| Net debt (debt - cash) | $5.57B | -$7.19B | $3.45B | $4.99B | $17B | $27B | $21.2B | $11.3B | $31B | $30.8B | $29.5B | $23.5B | |
| Balance sheet | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & equivalents | $15.7B | $19.5B | $21.5B | $22.4B | $62.6B | $28.9B | $53.5B | $61.2B | $56.5B | $46.9B | |
| Short-term investments | $65.5B | $67.4B | $64.1B | $122B | $136B | $132B | $72.1B | $69.4B | $86.4B | $90.8B | |
| Receivables | $11.8B | $13.6B | $14.1B | $14.2B | $13.7B | $12.4B | $10.1B | $8.34B | $8.27B | $0 | |
| Current assets | $93B | $101B | $99.7B | $159B | $213B | $174B | $136B | $139B | $151B | $138B | |
| Property, plant & equipment (net) | $2.44B | $2.43B | $2.46B | $3.7B | $3.47B | $3.31B | $3.86B | $3.62B | $3.57B | $3.77B | |
| Long-term investments | $305B | $311B | $317B | $283B | $285B | $344B | $462B | $444B | $444B | $454B | |
| Goodwill | $9.34B | $9.43B | $9.37B | $9.66B | $9.92B | $10.3B | $12.4B | $12.5B | $12.5B | $12.6B | |
| Intangible assets | $3.3B | $3.23B | $3.39B | $3.22B | $2.86B | $3.74B | $7.16B | $6.08B | $5.55B | $4.9B | |
| Other non-current assets | $32.4B | $35.6B | $35.7B | $36.4B | $39.5B | $38.7B | $53.6B | $58B | $61B | $79.1B | |
| Non-current assets | $353B | $361B | $368B | $336B | $341B | $400B | $539B | $525B | $527B | $555B | |
| Total assets | $446B | $462B | $467B | $495B | $554B | $573B | $675B | $663B | $678B | $692B | |
| Liabilities | |||||||||||
| Short-term debt | $14B | $16.7B | $14.1B | $23.7B | $11.8B | $11.8B | $31.2B | $15.3B | $15.5B | $17.2B | |
| Other current liabilities | $335B | $347B | $345B | $362B | $430B | $456B | $525B | $512B | $518B | $522B | |
| Current liabilities | $349B | $364B | $360B | $386B | $442B | $468B | $556B | $528B | $534B | $539B | |
| Long-term debt | $33.3B | $32.3B | $41.3B | $40.2B | $41.3B | $32.1B | $39.8B | $51.5B | $58B | $60.8B | |
| Other non-current liabilities | $16.2B | $16.2B | $14.8B | $17.1B | $17.3B | $17.9B | $27.6B | $28.6B | $27.4B | $26.6B | |
| Non-current liabilities | $49.5B | $48.5B | $56.1B | $57.3B | $58.6B | $50B | $67.4B | $80.1B | $85.5B | $87.3B | |
| Total liabilities | $398B | $412B | $416B | $443B | $500B | $518B | $624B | $608B | $619B | $627B | |
| Equity | |||||||||||
| Common stock & paid-in capital | $21M | $21M | $21M | $21M | $21M | $21M | $21M | $21M | $21M | $21M | |
| Retained earnings | $50.2B | $54.1B | $59.1B | $63.2B | $64.2B | $69.2B | $71.9B | $74B | $76.9B | $80.9B | |
| Accumulated other comprehensive income | -$1.54B | -$1.4B | -$2.32B | -$1.37B | $322M | -$1.94B | -$11.4B | -$10.1B | -$9.76B | -$6.99B | |
| Shareholders' equity | $47.3B | $49B | $51B | $51.9B | $53.1B | $54.9B | $50.8B | $55.3B | $58.6B | $65.2B | |
| Debt | |||||||||||
| Total debt (incl. leases) | $47.3B | $48.9B | $55.5B | $63.9B | $53.1B | $43.9B | $71B | $66.8B | $73.5B | $77.9B | |
| Net debt (debt - cash) | $31.6B | $29.4B | $34B | $41.5B | -$9.52B | $15B | $17.5B | $5.57B | $17B | $31B | |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Cash, investments and debt
quarter endsThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-01