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Saturday 17 October 2026 Export USB’s income statement to Excel — free account

U.S. Bancorp

USB Financial Banks Regional

U.S. Bancorp’s revenue for fiscal 2025 (year ended December 2025) was $42.9 billion, roughly unchanged from fiscal 2024. In the quarter to September 2026, revenue grew 2.26%, EPS grew 16.2%, free cash flow grew 152.0% and total debt fell 16.9%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for three.

58.60 1.21 +2.11%
Market cap
$89.4B
P/E
11.3×
Fwd P/E
10.9×
Dividend yield
3.58%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

U.S. Bancorp (USB) Debt to equity

Alert me on Debt to equity

U.S. Bancorp's debt to equity at the end of the quarter to 30 September 2026 was 0.8×, down 0.1× from fiscal 2025 (0.9×). Over the past ten years it has ranged from 0.6× (fiscal 2021) to 1.0× (fiscal 2024); the current reading is higher than 91% of that period. That is above the Banks Regional industry median of 0.2× and above the Financial sector median of 0.2×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.9× (5.78%)
FY2024 1.0× 6.42%
FY2023 0.9× 18.74%
FY2022 0.8× 34.03%
FY2021 0.6× (24.55%)
FY2020 0.8× 0.44%
FY2019 0.8× (4.37%)
FY2018 0.8× 23.22%
FY2017 0.6× (6.57%)
FY2016 0.7× 1.46%

Quarterly newest first

Period Debt to equity Change
Sep 2026 0.8× (10.03%)
Jun 2026 0.9× (6.70%)
Mar 2026 0.9× 0.06%
Dec 2025 0.9× (5.57%)
43 more quarters

Against its own ten years

Low 0.6× High 1.0×
Ten-year median 0.8×
Current reading's percentile 91

Debt to equity against peers

Company Debt to equity
HDB HDFC Bank Limited compare 0.0×
NWG NatWest Group plc compare 0.2×
NU Nu Holdings Ltd. compare 0.4×
IBN ICICI Bank Limited compare 0.6×
USB U.S. Bancorp 0.8×
PNC The PNC Financial Services Group, Inc compare 1.2×
DB Deutsche Bank Aktiengesellschaft compare 1.4×
MFG Mizuho Financial Group, Inc. compare 1.5×
LYG Lloyds Banking Group PLC compare 2.1×
Banks Regional industry median 0.2×
Financial sector median 0.2×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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