USB
Income statement / Annual
Last year (2024), U.S. Bancorp's total revenue was $42.71 B,
an increase of 5.14% 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 |
$42.71 B |
$40.62 B |
$27.40 B |
$23.71 B |
$25.24 B |
$27.33 B |
$25.78 B |
$23.66 B |
$22.42 B |
$21.20 B |
| Cost of Revenue |
$17.62 B
|
$14.89 B
|
$5.19 B
|
-$180.00 M
|
$5.82 B
|
$5.95 B
|
$4.63 B
|
$3.36 B
|
$2.79 B
|
$2.36 B
|
| Gross Profit |
$25.10 B
|
$25.74 B
|
$22.21 B
|
$23.89 B
|
$19.42 B
|
$21.38 B
|
$21.14 B
|
$20.31 B
|
$19.63 B
|
$18.84 B
|
| Gross Profit Ratio |
0.59
|
0.63
|
0.81
|
1.01
|
0.77
|
0.78
|
0.82
|
0.86
|
0.88
|
0.89
|
| 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
|
$6.88 B
|
$6.22 B
|
$5.78 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
|
$360.00 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
|
$7.42 B
|
$6.66 B
|
$6.14 B
|
| Other Expenses |
$6.02 B
|
$7.73 B
|
$5.29 B
|
$4.63 B
|
$5.11 B
|
$4.75 B
|
$4.64 B
|
$5.37 B
|
$4.87 B
|
$4.67 B
|
| Operating Expenses |
$17.19 B
|
$18.87 B
|
$14.91 B
|
$13.73 B
|
$13.37 B
|
$12.79 B
|
$12.46 B
|
$12.79 B
|
$11.53 B
|
$10.81 B
|
| Cost And Expenses |
$34.80 B
|
$33.76 B
|
$20.10 B
|
$13.55 B
|
$19.19 B
|
$18.73 B
|
$17.10 B
|
$16.15 B
|
$14.32 B
|
$13.17 B
|
| Interest Income |
$31.67 B
|
$30.01 B
|
$17.95 B
|
$13.49 B
|
$14.84 B
|
$17.49 B
|
$16.17 B
|
$14.35 B
|
$13.13 B
|
$12.38 B
|
| Interest Expense |
$15.38 B
|
$12.61 B
|
$3.22 B
|
$993.00 M
|
$2.02 B
|
$4.44 B
|
$3.25 B
|
$1.97 B
|
$1.47 B
|
$1.23 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
|
$481.00 M
|
| EBITDA |
$8.85 B |
$7.88 B |
$7.86 B |
$10.66 B |
$6.58 B |
$9.10 B |
$9.15 B |
$7.99 B |
$8.58 B |
$8.51 B |
| EBITDA Ratio |
0.21
|
0.19
|
0.29
|
0.45
|
0.26
|
0.33
|
0.35
|
0.34
|
0.38
|
0.4
|
| Operating Income Ratio |
0.19
|
0.17
|
0.27
|
0.43
|
0.24
|
0.31
|
0.34
|
0.32
|
0.36
|
0.38
|
| Total Other Income/Expenses Net |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| 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 |
0.19
|
0.17
|
0.27
|
0.43
|
0.24
|
0.31
|
0.34
|
0.32
|
0.36
|
0.38
|
| 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 |
0.15
|
0.13
|
0.21
|
0.34
|
0.2
|
0.25
|
0.28
|
0.26
|
0.26
|
0.28
|
| EPS |
3.79 |
3.27 |
3.69 |
5.11 |
3.06 |
4.16 |
4.15 |
3.53 |
3.25 |
3.18 |
| EPS Diluted |
3.79 |
3.27 |
3.69 |
5.1 |
3.06 |
4.16 |
4.14 |
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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