U.S. Bancorp

USB Financials Market cap $97.7B as of Sep 14, 2026 16:00 ET S&P 500

Q2 FY26 Apr 1 – Jun 30, 2026 reported Aug 6, 2026

Revenue$7.71B +10% year over year

Operating profit$2.72B 35% margin

Net profit$2.18B 28% margin

The numbers behind the diagram

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Jun 30, 2026).
Item	Value	Share of revenue	Year over year
Segment revenue	7.95	103%
Wealth, corporate	3.48	45%	+16%
Consumer & business	2.33	30%	+3%
Payment services	1.72	22%	−7%
Other revenue	0.42	6%
Eliminations	−0.24	−3%
Net revenue	7.71	100%	+10%
Operating expenses	−4.99	65%
Compensation	−2.69	35%	−2pp
Occupancy	−0.30	4%	+0pp
Professional services	−0.11	1%	+0pp
Technology	−0.60	8%	+0pp
Marketing	−0.22	3%	+1pp
Credit provisions	−0.54	7%	+0pp
Other	−0.54	7%	+0pp
Operating profit	2.72	35% margin	+3pp
Tax	−0.54
Net profit	2.18	28% margin	+2pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
Item	Value	Share of revenue	Year over year
Segment revenue	7.53	103%
Wealth, corporate	3.48	48%
Consumer & business	2.33	32%	+7%
Payment services	1.72	23%	−3%
Eliminations	−0.24	−3%
Net revenue	7.29	100%	+5%
Operating expenses	−4.87	67%
Compensation	−2.63	36%	−2pp
Occupancy	−0.30	4%	+0pp
Professional services	−0.09	1%	+0pp
Technology	−0.57	8%	+0pp
Marketing	−0.22	3%	+0pp
Credit provisions	−0.58	8%	+0pp
Other	−0.48	7%	+0pp
Operating profit	2.42	33% margin	+2pp
Tax	−0.47
Net profit	1.95	27% margin	+2pp

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Dec 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	7.37	100%	+5%
Operating expenses	−4.83	66%
Compensation	−2.53	34%	−3pp
Occupancy	−0.32	4%	+0pp
Professional services	−0.14	2%	+0pp
Technology	−0.58	8%	+0pp
Marketing	−0.19	3%	+0pp
Credit provisions	−0.58	8%	+0pp
Other	−0.49	7%	+0pp
Operating profit	2.53	34% margin	+4pp
Tax	−0.49
Net profit	2.05	28% margin	+4pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	7.33	100%	+7%
Wealth, corporate	3.08	42%	+1%
Consumer & business	2.29	31%	−2%
Payment services	1.89	26%	+5%
Treasury	0.08	1%	+125%
Operating expenses	−4.80	65%
Compensation	−2.56	35%	−3pp
Occupancy	−0.30	4%	−1pp
Professional services	−0.12	1%	+0pp
Technology	−0.56	8%	+0pp
Marketing	−0.18	2%	+0pp
Credit provisions	−0.57	8%	+0pp
Other	−0.51	7%	+0pp
Operating profit	2.53	35% margin	+4pp
Tax	−0.53
Net profit	2.00	27% margin	+2pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 30, 2025).
Item	Value	Share of revenue	Year over year
Segment revenue	7.10	101%
Wealth, corporate	3.00	43%	−1%
Consumer & business	2.25	32%	−4%
Payment services	1.85	26%	+4%
Eliminations	−0.09	−1%
Net revenue	7.00	100%	+2%
Operating expenses	−4.71	67%
Compensation	−2.60	37%	−1pp
Occupancy	−0.30	4%	+0pp
Professional services	−0.11	2%	+0pp
Technology	−0.53	8%	+0pp
Marketing	−0.16	2%	+0pp
Credit provisions	−0.50	7%	−1pp
Other	−0.51	7%	+0pp
Operating profit	2.29	33% margin	+3pp
Tax	−0.48
Net profit	1.82	26% margin	+3pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q1 FY25 (period ends Mar 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	6.96	100%	+4%
Wealth corporate commercial	2.91	42%	−4%
Consumer & business	2.17	31%	−6%
Payment services	1.78	26%	+6%
Treasury	0.10	1%
Operating expenses	−4.80	69%
Compensation	−2.64	38%	−2pp
Occupancy	−0.31	4%	+0pp
Professional services	−0.10	1%	+0pp
Technology	−0.53	8%	+0pp
Marketing	−0.18	3%	+1pp
Credit provisions	−0.54	8%	−1pp
Other	−0.51	7%	+0pp
Operating profit	2.16	31% margin	+6pp
Tax	−0.45
Net profit	1.71	25% margin	+5pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

Financial health

The balance sheet, the quarter's capital flow, the debt schedule and the capital structure of the quarter shown above.

Every set of results we hold, newest first. Open one on its own page.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q2 FY26 Apr 1 – Jun 30, 2026 reported Aug 6, 2026 Operating margin 35% Net profit $2.18B	Apr 1 – Jun 30, 2026	Aug 6, 2026	$7.71B	+10%	35%	$2.18B	28%
Q1 FY26 Jan 1 – Mar 31, 2026 reported May 4, 2026 Operating margin 33% Net profit $1.95B	Jan 1 – Mar 31, 2026	May 4, 2026	$7.29B	+5%	33%	$1.95B	27%
Q4 FY25 Oct 1 – Dec 31, 2025 reported Feb 23, 2026 Operating margin 34% Net profit $2.05B	Oct 1 – Dec 31, 2025	Feb 23, 2026	$7.37B	+5%	34%	$2.05B	28%
Q3 FY25 Jul 1 – Sep 30, 2025 reported Nov 5, 2025 Operating margin 35% Net profit $2.00B	Jul 1 – Sep 30, 2025	Nov 5, 2025	$7.33B	+7%	35%	$2.00B	27%
Q2 FY25 Apr 1 – Jun 30, 2025 reported Aug 7, 2025 Operating margin 33% Net profit $1.82B	Apr 1 – Jun 30, 2025	Aug 7, 2025	$7.00B	+2%	33%	$1.82B	26%
Q1 FY25 Jan 1 – Mar 31, 2025 reported May 6, 2025 Operating margin 31% Net profit $1.71B	Jan 1 – Mar 31, 2025	May 6, 2025	$6.96B	+4%	31%	$1.71B	25%