USB
Income statement / Annual
Last year (2023), U.S. Bancorp's total revenue was $25.74 B,
an increase of 6.43% from the previous year.
In 2023, U.S. Bancorp's net income was $5.43 B.
See U.S. Bancorp’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
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 |
12/31/2014 |
| Operating Revenue |
$25.74 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
|
$19.94 B
|
| Cost of Revenue |
-$2.28 B |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$340.00 M |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Gross Profit |
$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 |
$19.94 B |
| Gross Profit Ratio |
1.09 |
1 |
1 |
1 |
1 |
0.98 |
1 |
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 |
$10.42 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
|
$5.56 B
|
| Selling & Marketing
Expenses |
$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
|
$382.00 M
|
| Selling, General &
Administrative Expenses |
$15.02 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
|
$5.95 B
|
| Other Expenses |
$0.00 |
-$23.29 B |
-$21.67 B |
-$25.46 B |
-$22.36 B |
-$18.10 B |
-$19.41 B |
-$17.89 B |
-$16.75 B |
-$16.19 B |
| Operating Expenses |
$15.02 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 |
-$10.25 B |
| Cost And Expenses |
$15.02 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 |
-$10.25 B |
| Interest Income |
$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 |
$12.23 B |
| Interest Expense |
$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 |
$1.45 B |
| Depreciation &
Amortization |
$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
|
$199.00 M
|
| EBITDA |
$0.00
|
$7.35 B
|
$9.78 B
|
$6.32 B
|
$9.46 B
|
$9.35 B
|
$8.17 B
|
$8.82 B
|
$8.77 B
|
$8.87 B
|
| EBITDA Ratio |
0 |
0.44 |
0.45 |
0.27 |
0.38 |
0.55 |
0.46 |
0.48 |
0.49 |
0.5 |
| Operating Income Ratio
|
0.3
|
0.43
|
0.45
|
0.26
|
0.37
|
0.53
|
0.45
|
0.47
|
0.48
|
0.49
|
| Total Other
Income/Expenses Net |
-$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
|
-$1.66 B
|
| Income Before Tax |
$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 |
$8.00 B |
| Income Before Tax Ratio
|
0.27
|
0.3
|
0.45
|
0.26
|
0.38
|
0.39
|
0.34
|
0.38
|
0.4
|
0.4
|
| Income Tax Expense |
$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 |
$2.09 B |
| Net Income |
$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 |
$5.85 B |
| Net Income Ratio |
0.21 |
0.24 |
0.35 |
0.21 |
0.3 |
0.32 |
0.28 |
0.28 |
0.29 |
0.29 |
| EPS |
3.27 |
3.69 |
5.11 |
3.06 |
4.16 |
4.34 |
3.53 |
3.25 |
3.18 |
3.1 |
| EPS Diluted |
3.27 |
3.69 |
5.1 |
3.06 |
4.16 |
4.33 |
3.51 |
3.24 |
3.16 |
3.08 |
| Weighted Average Shares
Out |
$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
|
$1.80 B
|
| Weighted Average Shares
Out Diluted |
$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
|
$1.81 B
|
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