US BANCORP \DE\ (USB) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	44.0B	42.9B	42.7B	40.6B	27.4B
Cost of Revenue	15.5B	15.9B	17.6B	14.9B	5.2B
Gross Profit	28.5B	26.9B	25.1B	25.7B	22.2B
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	15.2B	12.5B	11.2B	11.1B	9.6B
General & Admin Expense	14.4B	11.8B	10.6B	10.4B	9.2B
Selling & Marketing Expense	819.0M	705.0M	619.0M	726.0M	456.0M
Other Expenses	2.5B	4.9B	6.0B	7.7B	5.3B
Total Operating Expenses	17.7B	17.4B	17.2B	18.9B	14.9B
Cost and Expenses	33.2B	33.3B	34.8B	33.8B	20.1B
Operating Income (EBIT)	10.7B	9.5B	7.9B	6.9B	7.3B
Non-Operating
Interest Income	31.1B	31.0B	31.7B	30.0B	17.9B
Interest Expense	13.8B	14.3B	15.4B	12.6B	3.2B
Net Interest Income	17.4B	16.6B	16.3B	17.4B	14.7B
Other Non-Op Income/Expense	(271.0M)	—	—	—	—
Non-Operating Income (excl Interest)	(3.0B)	—	—	—	—
EBT (Pre-Tax Income)	10.5B	9.5B	7.9B	6.9B	7.3B
Income Tax Expense	2.1B	1.9B	1.6B	1.4B	1.5B
Bottom Line
Net Income	8.4B	7.6B	6.3B	5.4B	5.8B
Earnings from Cont. Ops	8.4B	7.6B	6.3B	5.5B	5.8B
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	8.0B	7.2B	5.9B	5.1B	5.5B
Per Share
Basic EPS	$5.13	$4.62	$3.79	$3.27	$3.69
Diluted EPS	$5.13	$4.61	$3.79	$3.27	$3.69
Revenue Per Share	$28.23	$27.56	$27.38	$26.33	$18.40
Shares
Basic Shares Outstanding	1.6B	1.6B	1.6B	1.5B	1.5B
Diluted Shares Outstanding	1.6B	1.6B	1.6B	1.5B	1.5B
Profitability Metrics
EBITDA	14.4B	10.4B	8.8B	7.9B	7.9B
D&A	640.0M	875.0M	939.0M	1.0B	560.0M
EBIT	13.8B	9.5B	7.9B	6.9B	7.3B

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Sep 1, 2026