U.S. Bancorp (USB) income statement
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
U.S. Bancorp (USB) reported revenue of $11.3B for Q3 '26 (+2.3% year on year), operating income of $2.8B (24.9% of revenue) and net income of $2.2B. Over the last four quarters revenue was $44B.
Income statement
| Income statement | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.4B | $10.5B | $10.8B | $10.8B | $10.7B | $10.4B | $10.5B | $11B | $11B | $10.8B | $10.9B | $11.3B | |
| Cost of revenue | $4.16B | $4.33B | $4.53B | $4.51B | $4.25B | $3.96B | $4.05B | $4.28B | $3.64B | $4.15B | $3.78B | $3.96B | |
| Gross profit | $6.22B | $6.13B | $6.27B | $6.28B | $6.42B | $6.39B | $6.47B | $6.73B | $7.34B | $6.68B | $7.15B | $7.29B | |
| Sales & marketing | $306M | $136M | $158M | $165M | $160M | $182M | $161M | $175M | $187M | $217M | $216M | $199M | |
| General & administrative | $2.51B | $2.69B | $2.62B | $2.64B | $2.61B | $2.64B | $2.6B | $2.56B | $4.04B | $3.03B | $3.59B | $3.73B | |
| Other operating expenses | $2.4B | $1.63B | $1.44B | $1.4B | $1.54B | $1.41B | $1.42B | $1.46B | $577M | $745M | $623M | $566M | |
| Operating expenses | $5.22B | $4.46B | $4.21B | $4.2B | $4.31B | $4.23B | $4.18B | $4.2B | $4.8B | $3.99B | $4.43B | $4.49B | |
| Operating income | $1B | $1.67B | $2.06B | $2.07B | $2.11B | $2.16B | $2.29B | $2.53B | $2.53B | $2.69B | $2.72B | $2.8B | |
| Interest income | $7.76B | $7.76B | $7.99B | $8.09B | $7.83B | $7.52B | $7.6B | $7.93B | $7.92B | $7.84B | $7.6B | $7.77B | |
| Interest expense | $3.65B | $3.78B | $3.96B | $3.95B | $3.69B | $3.42B | $3.55B | $3.71B | $3.64B | $3.58B | $3.24B | $3.31B | |
| Other non-operating income (gains on investments, FX ...) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $271M | $0 | -$3.31B | |
| Total non-operating income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$271M | $0 | $0 | |
| Income before tax | $1B | $1.67B | $2.06B | $2.07B | $2.11B | $2.16B | $2.29B | $2.53B | $2.53B | $2.42B | $2.72B | $2.8B | |
| Income tax | $139M | $347M | $445M | $350M | $438M | $443M | $472M | $524M | $482M | $469M | $537M | $593M | |
| Net income | $847M | $1.32B | $1.6B | $1.71B | $1.66B | $1.71B | $1.82B | $2B | $2.05B | $1.95B | $2.18B | $2.2B | |
| EPS (basic) | $0.49 | $0.78 | $0.97 | $1.03 | $1.01 | $1.03 | $1.11 | $1.22 | $1.26 | $1.18 | $1.35 | $1.34 | |
| EPS (diluted) | $0.49 | $0.78 | $0.97 | $1.03 | $1.01 | $1.03 | $1.11 | $1.21 | $1.26 | $1.18 | $1.35 | $1.34 | |
| Shares (basic, weighted) | 1.56B | 1.56B | 1.56B | 1.56B | 1.56B | 1.56B | 1.56B | 1.56B | 1.56B | 1.55B | 1.55B | 1.56B | |
| Shares (diluted, weighted) | 1.56B | 1.56B | 1.56B | 1.56B | 1.56B | 1.56B | 1.56B | 1.56B | 1.56B | 1.56B | 1.56B | 1.56B | |
| Depreciation & amortization | $250M | $236M | $234M | $231M | $238M | $215M | $217M | $216M | $227M | $204M | $209M | $0 | |
| EBITDA | $1.25B | $1.91B | $2.29B | $2.3B | $2.35B | $2.37B | $2.51B | $2.75B | $2.76B | $2.62B | $2.93B | $6.11B |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $22.4B | $23.7B | $25.8B | $27.3B | $25.2B | $23.7B | $27.4B | $40.6B | $42.7B | $42.9B | |
| Cost of revenue | $2.79B | $3.36B | $4.63B | $5.95B | $5.82B | -$180M | $5.19B | $14.9B | $17.6B | $15.9B | |
| Gross profit | $19.6B | $20.3B | $21.1B | $21.4B | $19.4B | $23.9B | $22.2B | $25.7B | $25.1B | $26.9B | |
| Sales & marketing | $435M | $542M | $429M | $426M | $318M | $366M | $456M | $726M | $619M | $705M | |
| General & administrative | $6.22B | $6.88B | $7.39B | $7.61B | $7.94B | $8.73B | $9.16B | $10.4B | $10.6B | $11.8B | |
| Other operating expenses | $4.87B | $5.37B | $4.64B | $4.75B | $5.11B | $4.63B | $5.29B | $7.73B | $6.02B | $4.87B | |
| Operating expenses | $11.5B | $12.8B | $12.5B | $12.8B | $13.4B | $13.7B | $14.9B | $18.9B | $17.2B | $17.4B | |
| Operating income | $8.11B | $7.52B | $8.68B | $8.59B | $6.05B | $10.2B | $7.3B | $6.87B | $7.91B | $9.52B | |
| Interest income | $13.1B | $14.3B | $16.2B | $17.5B | $14.8B | $13.5B | $17.9B | $30B | $31.7B | $31B | |
| Interest expense | $1.47B | $1.97B | $3.25B | $4.44B | $2.02B | $993M | $3.22B | $12.6B | $15.4B | $14.3B | |
| Income before tax | $8.11B | $7.52B | $8.68B | $8.59B | $6.05B | $10.2B | $7.3B | $6.87B | $7.91B | $9.52B | |
| Income tax | $2.16B | $1.26B | $1.55B | $1.65B | $1.07B | $2.18B | $1.46B | $1.41B | $1.58B | $1.92B | |
| Net income | $5.89B | $6.22B | $7.1B | $6.91B | $4.96B | $7.96B | $5.83B | $5.43B | $6.3B | $7.58B | |
| EPS (basic) | $3.25 | $3.53 | $4.15 | $4.16 | $3.06 | $5.11 | $3.69 | $3.27 | $3.79 | $4.62 | |
| EPS (diluted) | $3.24 | $3.51 | $4.14 | $4.16 | $3.06 | $5.10 | $3.69 | $3.27 | $3.79 | $4.61 | |
| Shares (basic, weighted) | 1.72B | 1.68B | 1.63B | 1.58B | 1.51B | 1.49B | 1.49B | 1.54B | 1.56B | 1.56B | |
| Shares (diluted, weighted) | 1.72B | 1.68B | 1.64B | 1.58B | 1.51B | 1.49B | 1.49B | 1.54B | 1.56B | 1.56B | |
| Depreciation & amortization | $470M | $468M | $467M | $502M | $527M | $497M | $560M | $1.02B | $939M | $875M | |
| EBITDA | $8.58B | $7.99B | $9.15B | $9.1B | $6.58B | $10.7B | $7.86B | $7.88B | $8.85B | $10.4B |
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.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe 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