U.S. Bancorp (USB) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	43.7B	42.9B	42.7B	40.6B	27.4B
Cost of Revenue	15.8B	15.9B	17.6B	14.9B	5.2B
Gross Profit	27.9B	26.9B	25.1B	25.7B	22.2B
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	14.0B	12.5B	11.2B	11.1B	9.6B
General & Admin Expense	13.2B	11.8B	10.6B	10.4B	9.2B
Selling & Marketing Expense	795.0M	705.0M	619.0M	726.0M	456.0M
Other Expenses	3.4B	4.9B	6.0B	7.7B	5.3B
Total Operating Expenses	17.4B	17.4B	17.2B	18.9B	14.9B
Cost and Expenses	33.3B	33.3B	34.8B	33.8B	20.1B
Operating Income (EBIT)	10.5B	9.5B	7.9B	6.9B	7.3B
Non-Operating
Interest Income	31.3B	31.0B	31.7B	30.0B	17.9B
Interest Expense	14.2B	14.3B	15.4B	12.6B	3.2B
Net Interest Income	17.1B	16.6B	16.3B	17.4B	14.7B
Other Non-Op Income/Expense	(271.0M)	—	—	—	—
Non-Operating Income (excl Interest)	271.0M	—	—	—	—
EBT (Pre-Tax Income)	10.2B	9.5B	7.9B	6.9B	7.3B
Income Tax Expense	2.0B	1.9B	1.6B	1.4B	1.5B
Bottom Line
Net Income	8.2B	7.6B	6.3B	5.4B	5.8B
Earnings from Cont. Ops	8.2B	7.6B	6.3B	5.5B	5.8B
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	7.8B	7.2B	5.9B	5.1B	5.5B
Per Share
Basic EPS	$5.01	$4.62	$3.79	$3.27	$3.69
Diluted EPS	$5.00	$4.61	$3.79	$3.27	$3.69
Revenue Per Share	$28.15	$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	10.9B	10.3B	8.8B	7.9B	7.9B
D&A	660.0M	774.0M	939.0M	1.0B	560.0M
EBIT	10.2B	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 Jun 1, 2026