FINHUB Insights

USB · Q1 FY26 · Jan 1 – Mar 31, 2026

U.S. Bancorp Q1 FY26: where the revenue came from and where it went

U.S. Bancorp Q1 FY26: revenue $7.3B (+5% year over year). Net profit $1.9B. Largest cohort Wealth… Banking $3.5B. The whole income statement as a sankey diagram from the SEC filing.

Period
Jan 1 – Mar 31, 2026
Reported
May 4, 2026 10-Q
Sankey diagram of U.S. Bancorp's income statement for Q1 FY26: revenue of $7.29 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$7.29B +5% year over year
Operating profit$2.42B 33% margin
Net profit$1.95B 27% margin

The numbers

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
ItemValueShare of revenueYear 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−2.6336%−2pp
Occupancy−0.304%+0pp
Professional services−0.091%+0pp
Technology−0.578%+0pp
Marketing−0.223%+0pp
Credit provisions−0.588%+0pp
Other−0.487%+0pp
Operating profit2.4233% margin+2pp
Tax−0.47
Net profit1.9527%+2pp
Filing on EDGAR More quarters of USB

Source of the numbers: tables in the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.