U.S. Bancorp

USB · Financials · Market cap $97.6B

Q1 FY26 Jan 1 – Mar 31, 2026 reported May 4, 2026

Revenue$7.29B +5% year over year

Gross profit–

Operating profit$2.42B

Net profit$1.95B 27% margin

Numbers and detail

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	7.29	100%	+5%
Wealth… Banking	3.48	48%	+20%
Consumer… Banking	2.33	32%	+7%
Payment Services	1.72	24%	−3%
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%	+2pp

Quarter by quarter

So far we hold one set of results. Another one arrives with the next filing.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q1 FY26	Jan 1 – Mar 31, 2026	May 4, 2026	$7.3B	+5%	33%	$1.9B	27%