US Bancorp
USB · NYSE
Key indicators
USB profitability and balance sheet ratios
Book value per share $43.36 in Q2 FY26, up 10.0% on a year earlier.
| Period | Book value per share |
|---|---|
| Q3 FY24 | $37.71 |
| Q4 FY24 | $37.48 |
| Q1 FY25 | $38.52 |
| Q2 FY25 | $39.41 |
| Q3 FY25 | $40.68 |
| Q4 FY25 | $41.90 |
| Q1 FY26 | $42.31 |
| Q2 FY26 | $43.36 |
Where the money went
Q2 FY26, from revenue to net income
US Bancorp brought in $10.9B of revenue in Q2 FY26, +3.8% on a year earlier. 19¢ of every dollar became profit.
- Revenue
- $10.9B
- Costs, expenses and taxes
- $8.8B
- Net income
- $2.1B
- Net margin
- 19.2%
Income statement
Revenue and profit by reporting period
| Line item | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|
| Revenue | $11.0B | $10.8B | $10.9B |
| Gross profit | $7.3B | $7.3B | $7.7B |
| Operating income | $2.5B | $2.4B | $2.7B |
| Net income | $2.0B | $1.8B | $2.1B |
| Diluted EPS | $1.26 | $1.18 | $1.35 |
Balance sheet
What the company owns and owes at period end
| Line item | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|
| Total assets | $701.0B | $725.9B | $703.0B |
| Total liabilities | $635.2B | $658.5B | $636.5B |
| Shareholder equity | $65.8B | $67.4B | $66.4B |
| Total debt | $79.2B | $96.0B | $73.0B |
Cash flow
Cash in and out from operations, investing and financing
| Line item | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|
| Operating cash flow | $2.8B | $1.3B | $4.8B |
| Investing cash flow | −$16.9B | −$5.4B | −$6.4B |
| Financing cash flow | −$6.4B | $5.7B | $19.7B |
| Capital expenditure | $0.0B | $0.0B | $0.0B |
| Free cash flow | $2.8B | $1.3B | $4.8B |
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