U.S. Bancorp (USB) financial statements
U.S. Bancorp reported revenue of $28.7B in fiscal 2025, up 3.3% a year over 9 years.
Net income was $7.6B.
The diluted share count fell 10% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from U.S. Bancorp's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $21.3B | $21.9B | $22.6B | $22.9B | $23.2B | $22.7B | $24.3B | $28.1B | $27.5B | $28.7B |
| Interest expense | $1.5B | $2.0B | $3.3B | $4.4B | $2.0B | $993M | $3.2B | $12.6B | — | — |
| Pre-tax income | $8.1B | $7.5B | $8.7B | $8.6B | $6.1B | $10.2B | $7.3B | $6.9B | $7.9B | $9.5B |
| Income tax | $2.2B | $1.3B | $1.6B | $1.6B | $1.1B | $2.2B | $1.5B | $1.4B | $1.6B | $1.9B |
| Net income | $5.9B | $6.2B | $7.1B | $6.9B | $5.0B | $8.0B | $5.8B | $5.4B | $6.3B | $7.6B |
| EPS (diluted) | $3.24 | $3.51 | $4.14 | $4.16 | $3.06 | $5.10 | $3.69 | $3.27 | $3.79 | $4.62 |
| Diluted shares | 1.72B | 1.68B | 1.64B | 1.58B | 1.51B | 1.49B | 1.49B | 1.54B | 1.56B | 1.56B |
| Net margin | 27.6% | 28.4% | 31.3% | 30.2% | 21.4% | 35.0% | 24.0% | 19.3% | 22.9% | 26.4% |
Balance sheet
Fiscal years, from U.S. Bancorp's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | — | — | — | $22.4B | $62.6B | $28.9B | $53.5B | $61.2B | $56.5B | $46.9B |
| Property, plant and equipment | $2.4B | $2.4B | $2.5B | $3.7B | $3.5B | $3.3B | $3.9B | — | — | — |
| Goodwill | $9.3B | $9.4B | $9.4B | $9.7B | $9.9B | $10.3B | $12.4B | $12.5B | $12.5B | $12.6B |
| Total assets | $446.0B | $462.0B | $467.4B | $495.4B | $553.9B | $573.3B | $674.8B | $663.5B | $678.3B | $692.3B |
| Total liabilities | $398.0B | $412.4B | $415.7B | $442.9B | $500.2B | $517.9B | $623.6B | $607.7B | $619.3B | $626.7B |
| Shareholders' equity | $47.3B | $49.0B | $51.0B | $51.9B | $53.1B | $54.9B | $50.8B | $55.3B | $58.6B | $65.2B |
| Net debt | — | — | — | -$22.4B | -$62.6B | -$28.9B | -$53.5B | -$61.2B | -$56.5B | -$46.9B |
Cash flow
Fiscal years, from U.S. Bancorp's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $5.3B | $6.5B | $10.6B | $4.9B | $3.7B | $9.9B | $21.1B | $8.4B | $11.3B | $8.0B |
| Stock-based compensation | $150M | $163M | $174M | $178M | $189M | $207M | $202M | $224M | $232M | $235M |
| Dividends paid | $1.8B | $1.9B | $2.1B | $2.4B | $2.6B | $2.6B | $2.8B | $3.0B | $3.1B | $3.2B |
| Share buybacks (net) | -$2.6B | -$2.6B | -$2.8B | -$4.5B | -$1.7B | -$1.6B | -$69M | -$62M | -$173M | -$489M |
| Net borrowing | -$12.7B | $1.6B | $6.6B | $8.4B | -$11.9B | -$8.8B | $17.0B | -$5.0B | $6.2B | $3.0B |
| Dividends per share | $1.05 | $1.15 | $1.28 | $1.54 | $1.69 | $1.73 | $1.86 | $1.92 | $1.98 | $2.03 |
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What was U.S. Bancorp's revenue in 2025?
$28.7B in fiscal 2025, from its 10-K filing.
From U.S. Bancorp's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.