USB
U.S. BancorpStock · FinancialsS&P 500 Equal Weight 0.2% · S&P 500 0.1% · Russell 1000 0.1% · US Stock Market 0.1% · Russell 3000 0.1% · MSCI World 0.09% · MSCI ACWI 0.09% · Russell 2000 0.08% · Russell 2000 0.05% · Nasdaq Composite 0.007% · Russell 3000 0.004% · US Stock Market 0.003% · US Stock Market 0.002% · Russell 3000 0.002%$62.84+0.69%
as of market close, Sep 11, 2026
☾ AH — —
USB financial statements
The full income statement, balance sheet, and cash-flow statement for U.S. Bancorp (USB), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 1.56B2024-09 1.56B2024-12 1.56B2025-03 1.56B2025-06 1.56B2025-09 1.55B2025-12 1.55B2026-03 1.55B2026-06 1.56B-0.2% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 28.7B+4.4% | 27.5B-2.4% | 28.1B+15.8% | 24.3B+7.0% | 22.7B-2.2% | ||
| Noninterest income | 11.9B+7.6% | 11.0B+4.0% | 10.6B+12.3% | 9.46B-7.5% | 10.2B-1.7% | |
| Amortization of intangibles | 498M-12.5% | 569M-10.5% | 636M+195.8% | 215M+35.2% | 159M-9.7% | |
| Noninterest expense | 16.8B-2.0% | 17.2B-8.9% | 18.9B+26.6% | 14.9B+8.6% | 13.7B+2.7% | |
| Provision for credit losses | 2.19B-2.3% | 2.24B-1.6% | 2.27B+15.1% | 1.98B+268.5% | -1.17B-130.8% | |
| Interest expense | — | — | 12.6B+292.0% | 3.22B+224.0% | 993M-50.7% | |
| Interest & investment income | 31.0B-2.2% | 31.7B+5.5% | 30.0B+67.2% | 17.9B+33.1% | 13.5B-9.1% | |
| Net interest income | 16.6B+2.2% | 16.3B-6.4% | 17.4B+18.1% | 14.7B+17.9% | 12.5B-2.6% | |
| Pre-tax income | 9.52B+20.3% | 7.91B+15.2% | 6.87B-6.0% | 7.30B-28.2% | 10.2B+68.0% | |
| Income tax | 1.92B+21.6% | 1.58B+12.3% | 1.41B-3.8% | 1.46B-32.9% | 2.18B+104.6% | |
| 7.57B+20.2% | 6.30B+16.0% | 5.43B-6.8% | 5.83B-26.8% | 7.96B+60.6% | ||
| Net income to non-controlling interest | 26.0M-13.3% | 30.0M+3.4% | 29.0M+123.1% | 13.0M-40.9% | 22.0M-15.4% | |
| Preferred dividends | 329M-6.5% | 352M+0.6% | 350M+18.2% | 296M-2.3% | 303M-0.3% | |
| Net income to common | 7.19B+21.7% | 5.91B+17.0% | 5.05B-8.2% | 5.50B-27.7% | 7.61B+64.6% | |
| $4.62+21.9% | $3.79+15.9% | $3.27-11.4% | $3.69-27.6% | $5.10+66.7% | ||
| EPS (basic) | $4.62+21.9% | $3.79+15.9% | $3.27-11.4% | $3.69-27.8% | $5.11+67.0% | |
| Weighted-avg shares (basic) | 1.56B-0.2% | 1.56B+1.1% | 1.54B+3.6% | 1.49B+0.0% | 1.49B-1.3% | |
| Weighted-avg shares (diluted) | 1.56B-0.2% | 1.56B+1.2% | 1.54B+3.6% | 1.49B+0.0% | 1.49B-1.3% | |
| Dividends per share | $2.04+3.0% | $1.98+2.6% | $1.93+2.7% | $1.88+6.8% | $1.76+4.8% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash & equivalents | 46.9B-17.0% | 56.5B-7.7% | 61.2B+14.3% | 53.5B+85.2% | 28.9B-53.8% | |
| 692B+2.1% | 678B+2.2% | 663B-1.7% | 675B+17.7% | 573B+3.5% | ||
| Property, plant & equipment | — | — | — | 3.86B+16.7% | 3.31B-4.7% | |
| Operating lease right-of-use | 1.20B+7.3% | 1.11B-3.0% | 1.15B-11.3% | 1.30B | — | |
| Goodwill | 12.6B+0.8% | 12.5B+0.4% | 12.5B+0.9% | 12.4B+20.6% | 10.3B+3.5% | |
| Intangible assets | 4.90B-11.6% | 5.55B-8.8% | 6.08B-15.0% | 7.16B+91.4% | 3.74B+30.5% | |
| Short-term & current debt | 17.2B+10.6% | 15.5B+1.6% | 15.3B-51.1% | 31.2B+164.6% | 11.8B+0.3% | |
| 627B+1.2% | 619B+1.9% | 608B-2.5% | 624B+20.4% | 518B+3.5% | ||
| Long-term debt | 60.8B+4.8% | 58.0B+12.7% | 51.5B+29.3% | 39.8B+24.0% | 32.1B-22.2% | |
| Operating lease liability (total) | 1.42B+3.7% | 1.37B-2.6% | 1.41B-6.3% | 1.50B+28.2% | 1.17B-5.2% | |
| Finance lease liability (total) | 125M-16.1% | 149M-0.7% | 150M-15.3% | 177M+56.6% | 113M+48.7% | |
| 65.2B+11.3% | 58.6B+5.9% | 55.3B+8.9% | 50.8B-7.6% | 54.9B+3.4% | ||
| Common stock | 21.0M+0.0% | 21.0M+0.0% | 21.0M+0.0% | 21.0M+0.0% | 21.0M+0.0% | |
| Additional paid-in capital | 8.73B+0.1% | 8.71B+0.5% | 8.67B-0.4% | 8.71B+2.0% | 8.54B+0.3% | |
| Retained earnings | 80.9B+5.3% | 76.9B+3.8% | 74.0B+3.0% | 71.9B+3.9% | 69.2B+7.8% | |
| Treasury stock | 24.3B+0.9% | 24.1B-0.3% | 24.1B-4.5% | 25.3B-7.3% | 27.3B+5.2% | |
| Accumulated other comprehensive income | -6.99B+28.4% | -9.76B+3.3% | -10.1B+11.5% | -11.4B-487.1% | -1.94B-703.4% | |
| Non-controlling interest | 458M-0.9% | 462M-0.6% | 465M-0.2% | 466M-0.6% | 469M-25.6% | |
| Total equity incl. non-controlling | 65.7B+11.2% | 59.0B+5.9% | 55.8B+8.9% | 51.2B-7.5% | 55.4B+3.1% | |
| Total liabilities & equity | 692B+2.1% | 678B+2.2% | 663B-1.7% | 675B+17.7% | 573B+3.5% | |
| Common shares issued | 2.13B+0.0% | 2.13B+0.0% | 2.13B+0.0% | 2.13B+0.0% | 2.13B+0.0% | |
| Common shares outstanding | 1.60B+0.0% | 1.60B+0.0% | 1.60B+6.7% | 1.50B+0.0% | 1.50B+0.0% | |
| Shares outstanding (cover) | 1.55B-0.4% | 1.56B+0.1% | 1.56B+1.8% | 1.53B+3.2% | 1.48B-1.2% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 7.97B-29.8% | 11.3B+35.2% | 8.39B-60.3% | 21.1B+114.0% | 9.87B+165.6% | ||
| Intangible amortization | 498M-12.5% | 569M-10.5% | 636M+195.8% | 215M+35.2% | 159M-9.7% | |
| Deferred income taxes | 308M+962.1% | 29.0M+105.7% | -509M | — | — | |
| Other operating activities | -2.31B-207.2% | 2.15B+1149.8% | -205M-103.0% | 6.79B+179.7% | 2.43B+329.5% | |
| -20.5B+16.3% | -24.5B-229.6% | 18.9B+152.3% | 7.50B+113.0% | -57.5B-272.3% | ||
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Sales/maturities of investments | 6.98B+16.2% | 6.01B-4.9% | 6.31B-57.7% | 14.9B-63.8% | 41.2B+1.4% | |
| Other investing activities | 2.96B+61.4% | 1.83B+55.0% | 1.18B-78.0% | 5.39B+912.0% | -664M-930.0% | |
| 2.25B-74.5% | 8.82B+144.1% | -20.0B-402.2% | -3.98B-128.6% | 13.9B-73.1% | ||
| Long-term debt issued | 10.4B-13.8% | 12.0B-22.9% | 15.6B+78.5% | 8.73B+232.5% | 2.63B-81.9% | |
| Long-term debt repaid | 9.05B+49.8% | 6.04B+47.9% | 4.08B-41.0% | 6.93B-39.4% | 11.4B-21.0% | |
| Net short-term debt | 1.64B+587.9% | 239M+101.4% | -16.5B-208.5% | 15.2B+50610.0% | 30.0M+100.3% | |
| Common stock issued | 45.0M+40.6% | 32.0M-96.6% | 951M+4428.6% | 21.0M-51.2% | 43.0M+186.7% | |
| Common stock repurchased | 489M+182.7% | 173M+179.0% | 62.0M-10.1% | 69.0M-95.6% | 1.55B-7.0% | |
| Dividends paid | 3.17B+2.5% | 3.09B+4.1% | 2.97B+7.0% | 2.78B+7.6% | 2.58B+1.1% | |
| Other financing activities | -86.0M-56.4% | -55.0M | 0.00 | 0.00 | — | |
| Net change in cash | -9.61B-104.9% | -4.69B-161.3% | 7.65B-68.9% | 24.6B+173.2% | -33.7B-183.8% | |
| Interest paid | 14.4B-6.5% | 15.4B+25.2% | 12.3B+352.0% | 2.72B+156.1% | 1.06B-51.8% | |
| Income taxes paid | 544M+9.0% | 499M-22.6% | 645M-15.9% | 767M+43.4% | 535M-47.8% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 82.9B+11.1% | 74.6B+10.7% | 67.4B+4.0% | 64.8B-22.3% | 83.4B+19.1% | |
| P/E | 11.0×-7.5% | 11.8×-3.2% | 12.2×+24.1% | 9.9×-5.8% | 10.5×-25.8% | |
| P/S | 2.9×+6.5% | 2.7×+11.9% | 2.4×-11.9% | 2.8×-24.9% | 3.7×+21.7% | |
| P/B | 1.3×-0.2% | 1.3×+0.4% | 1.3×-7.0% | 1.4×-10.1% | 1.5×+15.1% | |
| Earnings yield | 9.1%+8.2% | 8.4%+3.3% | 8.2%-19.4% | 10.1%+6.2% | 9.6%+34.8% | |
| Dividend yield | 3.8%-7.6% | 4.1%-7.2% | 4.5%+3.4% | 4.3%+37.6% | 3.1%-13.1% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: USB’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all USB filings on SEC EDGAR → Not investment advice.