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) P/E ratio
As of 16 October 2026, U.S. Bancorp (USB) trades at a P/E ratio of 11.3×. Over the past ten years it has ranged from 6.9× (March 2020) to 18.3× (March 2021); the current reading is higher than 23% of that period. That is below the Banks Regional industry median of 12.0× and below the Financial sector median of 12.4×.
P/E ratio, daily
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Annual newest first
| Period | P/E ratio | Change |
|---|---|---|
| FY2025 | 11.5× | (8.48%) |
| FY2024 | 12.6× | (5.73%) |
| FY2023 | 13.4× | 11.26% |
| FY2022 | 12.0× | 9.46% |
| FY2021 | 11.0× | (27.57%) |
| FY2020 | 15.2× | 6.74% |
| FY2019 | 14.2× | 29.12% |
| FY2018 | 11.0× | (28.05%) |
| FY2017 | 15.3× | (3.04%) |
| FY2016 | 15.8× | 17.64% |
Quarterly newest first
| Period | P/E ratio | Change |
|---|---|---|
| Sep 2026 | 11.1× | (7.99%) |
| Jun 2026 | 12.1× | 10.57% |
| Mar 2026 | 10.9× | (5.59%) |
| Dec 2025 | 11.5× | 4.43% |
| 43 more quarters | Free account |
Against its own ten years
P/E ratio against peers
| Company | P/E ratio |
|---|---|
| MFG Mizuho Financial Group, Inc. compare | 2.3× |
| DB Deutsche Bank Aktiengesellschaft compare | 7.6× |
| NWG NatWest Group plc compare | 9.9× |
| USB U.S. Bancorp | 11.3× |
| PNC The PNC Financial Services Group, Inc compare | 11.4× |
| LYG Lloyds Banking Group PLC compare | 15.5× |
| HDB HDFC Bank Limited compare | 16.0× |
| IBN ICICI Bank Limited compare | 18.5× |
| NU Nu Holdings Ltd. compare | 19.7× |
| Banks Regional industry median | 12.0× |
| Financial sector median | 12.4× |
| Market median | 18.1× |
What P/E ratio is
Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.
Stock Price ÷ EPS (Basic) (TTM)
More on USB
- Revenue
- Net income
- EPS (diluted)
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- 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