USB · XBRL financial data
US Bancorp financial statements, every fiscal year
The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal years (USB's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Revenue | — | — | 24,302 | 28,144 | 27,455 | 28,656 |
| Interest expense | 2,015 | 993 | 3,217 | 12,611 | — | — |
| Income tax expense (benefit) | 1,066 | 2,181 | 1,463 | 1,407 | 1,580 | 1,921 |
| Net income (loss) | 4,959 | 7,963 | 5,825 | 5,429 | 6,299 | 7,570 |
| Earnings per share, basic USD per share | 3.06 | 5.11 | 3.69 | 3.27 | 3.79 | 4.62 |
| Earnings per share, diluted USD per share | 3.06 | 5.10 | 3.69 | 3.27 | 3.79 | 4.62 |
| Weighted average shares, basic millions of shares | 1,509 | 1,489 | 1,489 | 1,543 | 1,560 | 1,557 |
| Weighted average shares, diluted millions of shares | 1,510 | 1,490 | 1,490 | 1,543 | 1,561 | 1,558 |
Balance sheet
CSVFiscal years (USB's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 62,580 | 28,905 | 53,542 | 61,192 | 56,502 | 46,890 |
| Property and equipment, net | 3,468 | 3,305 | 3,858 | — | — | — |
| Right-of-use asset | — | — | 1,296 | 1,149 | 1,114 | 1,195 |
| Goodwill | 9,918 | 10,262 | 12,373 | 12,489 | 12,536 | 12,635 |
| Total assets | 553,905 | 573,284 | 674,805 | 663,491 | 678,318 | 692,345 |
| Total deposits | 429,770 | 456,083 | 524,976 | 512,312 | 518,309 | 522,216 |
| Total liabilities | 500,180 | 517,897 | 623,573 | 607,720 | 619,278 | 626,694 |
| Retained earnings | 64,188 | 69,201 | 71,901 | 74,026 | 76,863 | 80,906 |
| Total stockholders' equity | 53,095 | 54,918 | 50,766 | 55,306 | 58,578 | 65,193 |
| Total liabilities and equity | 553,905 | 573,284 | 674,805 | 663,491 | 678,318 | 692,345 |
| Common shares outstanding (cover page) millions of shares | 1,502 | 1,484 | 1,531 | 1,558 | 1,560 | 1,554 |
Cash flows
CSVFiscal years (USB's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Net income (loss) | 4,959 | 7,963 | 5,825 | 5,429 | 6,299 | 7,570 |
| Net cash from operating activities | 3,716 | 9,870 | 21,119 | 8,447 | 11,273 | 7,970 |
| Net cash from investing activities | (15,440) | (57,487) | 7,500 | 18,925 | (24,534) | (20,538) |
| Proceeds from issuing common stock | 15 | 43 | 21 | 951 | 32 | 45 |
| Share repurchases | 1,672 | 1,555 | 69 | 62 | 173 | 489 |
| Dividends paid | 2,552 | 2,579 | 2,776 | 2,970 | 3,092 | 3,168 |
| Proceeds from long-term debt | 14,501 | 2,626 | 8,732 | 15,583 | 12,017 | 10,360 |
| Repayments of long-term debt | 14,476 | 11,432 | 6,926 | 4,084 | 6,042 | 9,052 |
| Net cash from financing activities | 51,899 | 13,942 | (3,982) | (19,722) | 8,571 | 2,250 |
| Net change in cash | 40,175 | (33,675) | 24,637 | 7,650 | (4,690) | (9,612) |
Compare with peers
SIC 6021 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 6021 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- * marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
- A cell reading “not reported” means the filings give no figure for that quarter alone.
| Company | Cash ($M) | Revenue, quarter ($M) | Operating cash flow, quarter ($M) | Shares outstanding | Quarter |
|---|---|---|---|---|---|
| US Bancorp de | 66,491 | 7,712 | 4,820* | 1.6B | 10-QJun 30, 2026 |
| PNC Financial Services Group | 5,755 | 6,562 | 3,065* | 396.8M | 10-QSep 30, 2026 |
| Bank of New York Mellon | 6,736 | not reported | 4,733* | 672.9M | 10-QSep 30, 2026 |
| Truist Financial | 4,230 | not reported | 1,763* | 1.2B | 10-QSep 30, 2026 |
| Capital One Financial | 4,950 | 2,836 | 5,712* | 601.5M | 10-QSep 30, 2026 |
| Citigroup | 24,663 | 24,766 | not reported | 1.7B | 10-QJun 30, 2026 |
| State Street | 4,796 | 4,004 | 2,250* | 272.1M | 10-QSep 30, 2026 |
| M&T Bank | 17,438 | 442 | 1,268* | 144.4M | 10-QJun 30, 2026 |
| Huntington Bancshares | 2,377 | 484 | 773* | 2.0B | 10-QSep 30, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.