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NYSE · NATIONAL COMMERCIAL BANKS · LARGE CAP

US Bancorp \de\ USB

19 fiscal years on record · USD · FY2025 reported · SEC filings only
15 YEARS OF DIVIDEND GROWTH
$28.7B
▲ 4.4% YoY
$7.6B
▲ 20.2% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

U.S. Bancorp, headquartered in Minneapolis, Minnesota, provides lending and depository services, cash management, capital markets, and trust and investment management services, and also engages in credit card services, merchant and ATM processing, mortgage banking, insurance, brokerage and leasing. Its banking subsidiary, U.S. Bank National Association, is engaged in the general banking business, principally in domestic markets, and holds all of the consolidated deposits of $522.2 billion at December 31, 2025. Banking and investment services are delivered through branches and banking offices across the United States, primarily in the Midwest and West regions, including 2,075 branches across 26 states and a network of 4,428 ATMs as of December 31, 2025. As of December 31, 2025, it employed a total of 68,520 employees globally. The major business segments are Wealth, Corporate, Commercial and Institutional Banking, Consumer and Business Banking, Payment Services, and Treasury and Corporate Support. Wealth, Corporate, Commercial and Institutional Banking provides core banking, specialized lending, transaction and payment processing, capital markets, asset management and brokerage services to wealth, middle market, large corporate, commercial real estate, government and institutional clients. Consumer and Business Banking comprises consumer banking, small business banking and consumer lending, delivered through banking offices, telephone servicing and sales, online services, direct mail, ATMs, mobile devices, distributed mortgage loan officers and intermediary relationships including auto dealerships and mortgage banks. Payment Services includes consumer and business credit cards, stored-value cards, debit cards, corporate, government and purchasing card services and merchant processing.

Written from the business description in US BANCORP \DE\'s annual report to the U.S. Securities and Exchange Commission, filed 23 February 2026. Every sentence was checked against that document before publication.

Growth

USD 28.7B
Revenue, FY2025 · full 19-year series below
Revenue $B Net income $B
FY2025 · Revenue 28.7 · Net income 7.6
15B30B
2007201020132016201920222025
Compound annual growth
+5.6%
+9.1%
+8.8%
+2.6%
+5.7%
+7.8%
+8.6%
+3.9%
+6.8%
+2.8%
+4.0%
+7.3%
+16.7%
+8.5%
−3.0%
−0.2%
+16.1%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

27 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 33.2% · Net 26.5%
10%20%30%
200720162025
ROE
FY2025 · ROE 12.2%
5%10%15%
200720162025
Three returns, three denominators.
Return on capital employedNot available: we don't have total assets or current liabilities for this period.

Each USD of equity produced 12 cents of profit this year.

Cash & shareholders

USD 3.6B
returned in FY2025 · dividends + net buybacks
Net buybacks $B Dividends $B
FY2025 · Dividends 3.2 · Net buybacks 0.4
2.5B5.0B-1.0B-2.0BDividendsNet buybacks
2007201020132016201920222025

USD 3.2B in dividends and USD 444.0M in buybacks — 48% of the year's profit went back to shareholders.

Total assetsUSD 692.3B
EquityUSD 65.2B
CashUSD 46.9B
Gross debtUSD 77.9B
Net debtUSD 31.0B
DepositsUSD 522.2B

Net debt stands at 48% of equity.

The 19-year record

19 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
USB, 19-year financial record
Metric 2025202420232022202120202019201820172016201520142013201220112010200920082007
Revenue $B28.727.528.124.3◌◌◌22.621.921.320.320.219.620.3◌◌◌◌◌
Operating income $B9.57.96.97.310.26.18.68.77.58.18.08.07.87.76.6◌◌◌◌
EBITDA $B◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Income tax $B1.91.61.41.52.21.11.61.61.32.22.12.12.02.21.80.90.41.11.9
Net income $B7.66.35.45.88.05.06.97.16.25.95.95.95.85.64.93.32.22.94.3
EPS, diluted $4.623.793.273.695.103.064.164.143.513.243.163.083.002.842.461.730.971.612.42
Dividend / sh $2.041.981.931.881.761.681.581.341.161.071.010.960.890.780.500.200.201.701.62
Payout %424955483251352931313029272417124610064
ROE %12.211.110.211.014.79.513.414.212.912.613.113.814.615.515.312.08.412.219.8
Shares out B1.601.601.601.501.501.501.501.601.701.701.701.801.801.901.901.901.90◌◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 0 failures in 56 reconciliationsAUDITED

Reconciled in 19 of the 19 fiscal years we could check. One check was skipped: the balance sheet is not tagged before 2008.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityNational Commercial Banks
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2007

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