US Bancorp (USB)
U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. The company operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments. It offers depository services, including checking accounts, savings accounts, and time certificate contracts; and lending services, such as traditional credit products and credit card services, lease financing and import/export trade, agricultural finance, asset-backed lending, and other products. The company also provides cash management, capital markets, and trust and investment management services; and ancillary services comprising capital markets, treasury management, and receivable lock-box collection services to corporate and governmental entity customers. In addition, it offers asset management and fiduciary services for individuals, estates, foundations, business corporations, and charitable organizations; and investment and insurance products to its customers principally within its domestic markets, as well as fund administration services to mutual and other funds. Further, the company provides corporate and purchasing card, and corporate trust services; and credit card services, merchant and ATM processing, mortgage banking, insurance, brokerage and leasing services. U.S. Bancorp was founded in 1863 and is headquartered in Minneapolis, Minnesota.
- Symbol
- USB
- Exchange
- NYSE
- Sector
- Financial Services
- Industry
- Banks - Regional
- Market cap
- $89.37B
- 52 week range
- 45.02 - 66.08
Valuation
- Share price
- $57.51 (close of 2026-10-02)
- P/E (TTM)
- 11.48x
- Price to book
- 1.32x
- Price to free cash flow
- 7.14x
- Enterprise value
- $118.89B
- Book value per share
- $43.69
Price performance
| Period | Change |
|---|---|
| 1 day | +0.26% |
| 5 days | -3.07% |
| 1 month | -8.38% |
| 3 months | -6.84% |
| 6 months | +8.61% |
| Year to date | +7.78% |
| 1 year | +20.04% |
| 3 years | +78.94% |
| 5 years | -5.35% |
| 10 years | +34.09% |
| All time | +12402.17% |
Members of Congress who disclosed USB trades
Carol Miller · Val Hoyle · Gilbert Ray Cisneros · Ritchie Torres
Super investors holding USB
Christopher Davis (Davis Selected Advisers) · First Eagle Investment (First Eagle Investment Management, LLC) · Ken Griffin (Citadel) · David Katz (Matrix Asset Advisors Inc) · Mairs & Power (Mairs & Power Inc) · Ray Dalio (Bridgewater Associates) · Tweedy Browne (Tweedy Browne Company LLC) · Robert Olstein (Olstein Capital Management) · Hillman Capital (Hillman Capital Management, Inc)
Profitability and growth
- Return on equity
- 11.53%
- Return on assets
- 1.09%
- Net margin
- 26.42%
- EBITDA margin
- 83.10%
- Revenue growth
- 4.37%
- Net income growth
- 20.18%
- Free cash flow growth
- -29.78%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 14.01%
- Net debt to EBITDA
- 1.21x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $28.66B
- EBITDA
- $23.81B
- Net income
- $7.57B
- Earnings per share
- $4.62
- Interest expense
- $14.32B
- Shares outstanding
- 1.56B
Income statement by year
| Period end | Revenue | Net income | EPS |
|---|---|---|---|
| 2025-12-31 | $28.66B | $7.57B | $4.62 |
| 2024-12-31 | $27.45B | $6.30B | $3.79 |
| 2023-12-31 | $28.14B | $5.43B | $3.27 |
| 2022-12-31 | $24.30B | $5.83B | $3.69 |
| 2021-12-31 | $13.49B | $7.96B | $5.11 |
| 2020-12-31 | $14.84B | $4.96B | $3.06 |
| 2019-12-31 | $17.49B | $6.91B | $4.16 |
| 2018-12-31 | $22.64B | $7.10B | $4.15 |
| 2017-12-31 | $21.90B | $6.22B | $3.53 |
| 2016-12-31 | $21.31B | $5.89B | $3.25 |
Margins and returns by year
| Period end | Net margin | Return on equity |
|---|---|---|
| 2025-12-31 | 26.42% | 11.53% |
| 2024-12-31 | 22.94% | 10.67% |
| 2023-12-31 | 19.29% | 9.73% |
| 2022-12-31 | 23.97% | 11.37% |
| 2021-12-31 | 59.04% | 14.38% |
| 2020-12-31 | 33.42% | 9.23% |
| 2019-12-31 | 39.52% | 13.17% |
| 2018-12-31 | 31.35% | 13.74% |
| 2017-12-31 | 28.39% | 12.52% |
| 2016-12-31 | 27.63% | 12.28% |
Cash and debt by year
| Period end | Cash | Debt |
|---|---|---|
| 2025-12-31 | $46.89B | - |
| 2024-12-31 | $56.50B | - |
| 2023-12-31 | $61.19B | - |
| 2022-12-31 | $53.54B | $39.83B |
| 2021-12-31 | $28.91B | $32.13B |
| 2020-12-31 | $62.58B | $41.30B |
| 2019-12-31 | $22.41B | $40.17B |
| 2018-12-31 | - | $41.34B |
| 2017-12-31 | - | $32.26B |
| 2016-12-31 | - | $33.32B |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|---|---|
| 2025-12-31 | $7.97B | $235.00M |
| 2024-12-31 | $11.35B | $232.00M |
| 2023-12-31 | $8.39B | $224.00M |
| 2022-12-31 | $21.12B | $202.00M |
| 2021-12-31 | $9.87B | $207.00M |
| 2020-12-31 | $3.72B | $189.00M |
| 2019-12-31 | $4.89B | $178.00M |
| 2018-12-31 | $10.56B | $174.00M |
| 2017-12-31 | $6.47B | $163.00M |
| 2016-12-31 | $5.34B | $150.00M |
Dividend history
- Most recent payment
- 2026-09-30
- Paid in the last twelve months
- $2.10
| Payment date | Dividend per share |
|---|---|
| 2026-09-30 | $0.54 |
| 2026-06-30 | $0.52 |
| 2026-03-31 | $0.52 |
| 2025-12-31 | $0.52 |
| 2025-09-30 | $0.52 |
| 2025-06-30 | $0.50 |
| 2025-03-31 | $0.50 |
| 2024-12-31 | $0.50 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-10-15
- Consensus EPS estimate
- $1.33
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|---|---|
| 2026-07-16 | Jun/2026 | $1.28 |
| 2026-04-16 | Mar/2026 | $1.14 |
| 2026-01-20 | Dec/2025 | $1.19 |
| 2025-10-16 | Sep/2025 | $1.11 |
| 2025-07-17 | Jun/2025 | $1.07 |
| 2025-04-16 | Mar/2025 | $0.99 |
| 2025-01-16 | Dec/2024 | $1.06 |
| 2024-10-16 | Sep/2024 | $1.00 |
Filings and sources
- Company website
- usbank.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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Understanding these figures
Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
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