U.S. Bancorp
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.
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U.S. Bancorp (USB) Net margin
U.S. Bancorp's net margin over the twelve months to 30 September 2026 was 18.4%, up 1.6 percentage points from fiscal 2025 (16.8%). Over the past ten years it has ranged from 12.4% (fiscal 2023) to 32.1% (fiscal 2021); the current reading is higher than 27% of that period. That is in line with the Banks Regional industry median of 18.7% and above the Financial sector median of 13.5%.
Net margin, annual
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Annual newest first
| Period | Net margin | Change (points) |
|---|---|---|
| FY2025 | 16.8% | 2.95 |
| FY2024 | 13.8% | 1.40 |
| FY2023 | 12.4% | (7.65) |
| FY2022 | 20.1% | (11.99) |
| FY2021 | 32.1% | 13.76 |
| FY2020 | 18.3% | (5.78) |
| FY2019 | 24.1% | (2.23) |
| FY2018 | 26.3% | 1.33 |
| FY2017 | 25.0% | 0.07 |
| FY2016 | 24.9% | (1.17) |
Quarterly newest first
| Period | Net margin | Change (points) |
|---|---|---|
| Sep 2026 | 19.6% | 0.36 |
| Jun 2026 | 19.2% | 2.22 |
| Mar 2026 | 17.0% | (0.91) |
| Dec 2025 | 17.9% | 0.70 |
| 43 more quarters | Free account |
Against its own ten years
Net margin against peers
| Company | Net margin |
|---|---|
| LYG Lloyds Banking Group PLC compare | 55.0% |
| PNC The PNC Financial Services Group, Inc compare | 20.9% |
| NU Nu Holdings Ltd. compare | 18.7% |
| NWG NatWest Group plc compare | 18.5% |
| USB U.S. Bancorp | 18.4% |
| IBN ICICI Bank Limited compare | 17.7% |
| HDB HDFC Bank Limited compare | 17.0% |
| MFG Mizuho Financial Group, Inc. compare | 16.8% |
| DB Deutsche Bank Aktiengesellschaft compare | 9.99% |
| Banks Regional industry median | 18.7% |
| Financial sector median | 13.5% |
| Market median | 0.45% |
What Net margin is
Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.
Net Income Allotted to Shareholders ÷ Revenue
More on USB
- Revenue
- Net income
- EPS (diluted)
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement