USB
Income statement / Annual
Last year (2024), U.S. Bancorp's total revenue was $27.34 B,
a decrease of 2.42% from the previous year.
In 2024, U.S. Bancorp's net income was $6.30 B.
See U.S. Bancorp,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
| Period Ended |
12/31/2024 |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
| Operating Revenue |
$27.34 B |
$28.01 B |
$24.18 B |
$22.72 B |
$23.23 B |
$22.88 B |
$22.52 B |
$21.85 B |
$21.11 B |
$20.09 B |
| Cost of Revenue |
$2.24 B
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$340.00 M
|
$0.00
|
$0.00
|
$0.00
|
| Gross Profit |
$25.10 B
|
$28.01 B
|
$24.18 B
|
$22.72 B
|
$23.23 B
|
$22.88 B
|
$22.18 B
|
$21.85 B
|
$21.11 B
|
$20.09 B
|
| Gross Profit Ratio |
0.92
|
1
|
1
|
1
|
1
|
1
|
0.98
|
1
|
1
|
1
|
| Research and Development Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative Expenses |
$10.55 B
|
$10.42 B
|
$9.16 B
|
$8.73 B
|
$7.94 B
|
$7.61 B
|
$7.39 B
|
$6.93 B
|
$6.33 B
|
$5.98 B
|
| Selling & Marketing Expenses |
$619.00 M
|
$726.00 M
|
$456.00 M
|
$366.00 M
|
$318.00 M
|
$426.00 M
|
$429.00 M
|
$542.00 M
|
$435.00 M
|
$361.00 M
|
| Selling, General & Administrative Expenses |
$11.17 B
|
$11.14 B
|
$9.61 B
|
$9.09 B
|
$8.26 B
|
$8.04 B
|
$7.82 B
|
$7.47 B
|
$6.77 B
|
$6.34 B
|
| Other Expenses |
$8.25 B
|
$16.87 B
|
-$23.29 B
|
-$21.67 B
|
-$25.46 B
|
-$22.36 B
|
-$18.10 B
|
-$19.41 B
|
-$17.89 B
|
-$16.75 B
|
| Operating Expenses |
$19.43 B
|
$28.01 B
|
-$13.68 B
|
-$12.58 B
|
-$17.20 B
|
-$14.32 B
|
-$10.28 B
|
-$11.93 B
|
-$11.13 B
|
-$10.41 B
|
| Cost And Expenses |
$19.43 B
|
$28.01 B
|
-$13.68 B
|
-$12.58 B
|
-$17.20 B
|
-$14.32 B
|
-$10.28 B
|
-$11.93 B
|
-$11.13 B
|
-$10.41 B
|
| Interest Income |
$31.67 B
|
$30.01 B
|
$17.95 B
|
$13.49 B
|
$14.84 B
|
$17.49 B
|
$16.17 B
|
$14.39 B
|
$13.17 B
|
$12.40 B
|
| Interest Expense |
$15.38 B
|
$12.61 B
|
$3.22 B
|
$993.00 M
|
$2.02 B
|
$4.44 B
|
$3.25 B
|
$2.14 B
|
$1.64 B
|
$1.40 B
|
| Depreciation & Amortization |
$939.00 M
|
$1.02 B
|
$560.00 M
|
$497.00 M
|
$527.00 M
|
$502.00 M
|
$467.00 M
|
$468.00 M
|
$470.00 M
|
$174.00 M
|
| EBITDA |
$8.02 B |
$7.86 B |
$7.35 B |
$9.78 B |
$6.32 B |
$9.46 B |
$9.35 B |
$8.17 B |
$8.82 B |
$8.77 B |
| EBITDA Ratio |
0.29
|
0.28
|
0.44
|
0.45
|
0.27
|
0.38
|
0.55
|
0.46
|
0.48
|
0.49
|
| Operating Income Ratio |
0.29
|
0.28
|
0.43
|
0.45
|
0.26
|
0.37
|
0.53
|
0.45
|
0.47
|
0.48
|
| Total Other Income/Expenses Net |
$0.00
|
-$981.00 M
|
-$1.94 B
|
-$1.37 B
|
-$1.83 B
|
-$1.55 B
|
-$1.54 B
|
-$2.28 B
|
-$1.77 B
|
-$1.56 B
|
| Income Before Tax |
$7.91 B
|
$6.87 B
|
$7.30 B
|
$10.17 B
|
$6.05 B
|
$8.59 B
|
$8.68 B
|
$7.52 B
|
$8.11 B
|
$8.03 B
|
| Income Before Tax Ratio |
0.29
|
0.25
|
0.3
|
0.45
|
0.26
|
0.38
|
0.39
|
0.34
|
0.38
|
0.4
|
| Income Tax Expense |
$1.58 B
|
$1.41 B
|
$1.46 B
|
$2.18 B
|
$1.07 B
|
$1.65 B
|
$1.55 B
|
$1.26 B
|
$2.16 B
|
$2.10 B
|
| Net Income |
$6.30 B
|
$5.43 B
|
$5.83 B
|
$7.96 B
|
$4.96 B
|
$6.91 B
|
$7.10 B
|
$6.22 B
|
$5.89 B
|
$5.88 B
|
| Net Income Ratio |
0.23
|
0.19
|
0.24
|
0.35
|
0.21
|
0.3
|
0.32
|
0.28
|
0.28
|
0.29
|
| EPS |
3.79 |
3.27 |
3.69 |
5.11 |
3.06 |
4.16 |
4.34 |
3.53 |
3.25 |
3.18 |
| EPS Diluted |
3.79 |
3.27 |
3.69 |
5.1 |
3.06 |
4.16 |
4.33 |
3.51 |
3.24 |
3.16 |
| Weighted Average Shares Out |
$1.56 B
|
$1.54 B
|
$1.49 B
|
$1.49 B
|
$1.51 B
|
$1.58 B
|
$1.63 B
|
$1.68 B
|
$1.72 B
|
$1.76 B
|
| Weighted Average Shares Out Diluted |
$1.56 B
|
$1.54 B
|
$1.49 B
|
$1.49 B
|
$1.51 B
|
$1.58 B
|
$1.64 B
|
$1.68 B
|
$1.72 B
|
$1.77 B
|
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