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U.S. Bancorp

U.S. Bancorp’s revenue for fiscal 2025 (year ended December 2025) was $42.9 billion, roughly unchanged from fiscal 2024.

Revenue: +2.26%
EPS: +9.84%
Free cash flow: +152.0%
Total debt: −16.9%

Quarter to September 2026, against a year earlier

60.05 0.98 −1.61%

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Market cap: $93.1B
P/E: 11.7×
Fwd P/E: 11.2×
Dividend yield: 3.50%
F-score: 6/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Earnings & Analysis Segments Valuation Filings

U.S. Bancorp (USB) revenue by segment, product and region

Revenue by segment $m

Line	FY2023	FY2022	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012
Wealth, Corporate, Commercial and Institutional Banking	10,272 36.50%	8,774 36.10%	—	—	—	—	—	—	—
Consumer and Business Banking	9,993 35.51%	8,300 34.15%	8,472 37.43%	8,218 37.52%	7,278 34.16%	—	—	—	—
Payment Services	6,758 24.01%	6,298 25.92%	—	5,771 26.35%	5,703 26.76%	5,301 26.11%	5,041 25.00%	4,789 24.43%	4,743 23.38%
Treasury and Corporate Support	1,121 3.98%	930 3.83%	1,465 6.47%	—	—	—	—	2,611 13.32%	2,429 11.97%
Payments Services	—	—	6,042 26.69%	—	—	—	—	—	—
Corporate And Commercial Banking	—	—	3,779 16.69%	3,817 17.43%	3,140 14.74%	—	—	—	—
Wealth Management And Investment Services	—	—	2,879 12.72%	2,650 12.10%	2,126 9.98%	1,830 9.01%	1,779 8.82%	1,609 8.21%	1,476 7.28%
Corporate and Other	—	—	—	1,446 6.60%	3,061 14.37%	3,216 15.84%	3,028 15.02%	—	—
Consumer And Small Business Banking	—	—	—	—	—	7,065 34.79%	7,318 36.30%	7,490 38.21%	8,302 40.92%
Wholesale Banking And Commercial Real Estate	—	—	—	—	—	2,894 14.25%	2,995 14.86%	3,103 15.83%	3,338 16.45%
Consolidated Company	—	—	22,637	—	—	—	—	—	—
Revenue	28,144	24,302	22,637	21,902	21,308	20,306	20,161	19,602	20,288

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Accruing loans 90 days or more past due	Q3 FY2026	$743.0M	$840.0M	−11.55%
Allowance for credit losses as a percentage of period-end loans	Q3 FY2026	1.97%	2.06%	—
Allowance for credit losses to nonperforming loans	Q3 FY2026	636.0%	490.0%	—
Common equity tier 1 capital ratio	Q3 FY2026	10.8%	10.9%	—
Common equity to assets	Q3 FY2026	8.50%	—	—
Delinquent loan ratio - 90 days or more past due	Q3 FY2026	0.18%	0.22%	—
Delinquent loan ratio - 90 days or more past due and nonperforming loans	Q3 FY2026	0.49%	0.64%	—
Leverage ratio	Q3 FY2026	9.00%	8.60%	—
Net charge-off ratio	Q3 FY2026	0.51%	0.56%	—
Nonperforming assets to loans plus ORE	Q3 FY2026	0.32%	0.43%	—
Tangible common equity to risk-weighted assets	Q3 FY2026	9.00%	9.30%	—
Tangible common equity to tangible assets	Q3 FY2026	6.60%	6.40%	—
Tier 1 capital ratio	Q3 FY2026	12.3%	12.4%	—
Total net charge-offs	Q3 FY2026	$523.0M	$536.0M	−2.43%
Total nonperforming assets	Q3 FY2026	$1.3B	$1.7B	−19.95%
Total nonperforming loans	Q3 FY2026	$1.3B	$1.6B	−20.25%
Total risk-based capital ratio	Q3 FY2026	14.3%	14.4%	—

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023
Accruing loans 90 days or more past due	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Allowance for credit losses as a percentage of period-end loans	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Allowance for credit losses to nonperforming loans	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Common equity tier 1 capital ratio	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Common equity to assets	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Delinquent loan ratio - 90 days or more past due	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Delinquent loan ratio - 90 days or more past due and nonperforming loans	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Leverage ratio	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Net charge-off ratio	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Nonperforming assets to loans plus ORE	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Tangible common equity to risk-weighted assets	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Tangible common equity to tangible assets	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Tier 1 capital ratio	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total net charge-offs	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total nonperforming assets	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total nonperforming loans	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total risk-based capital ratio	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.

U.S. Bancorp (USB) revenue by segment, product and region

Revenue by segment $m

Operating figures as reported in each quarter’s results release or filing

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