U.S. Bancorp profit margin USB
Gross, operating and net profit as a share of revenue over the last twelve months, from 2009.
- Net margin, 12 months
- 27.6%
- Net margin on a year earlier
- +2.7 pts
- Peer median
- 29.9%
Over the twelve months to Jun 30, 2026, U.S. Bancorp kept 27.6% of its revenue as net profit.
Five years earlier its net margin was 32.2%.
The median for 10 diversified banks of a similar size is 29.9%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin |
|---|---|
| FY2025 | 26.5% |
| FY2024 | 23.0% |
| FY2023 | 19.4% |
| FY2022 | 24.1% |
| FY2021 | 35.0% |
| FY2020 | 21.4% |
| FY2019 | 30.2% |
| FY2018 | 31.5% |
| FY2017 | 28.7% |
| FY2016 | 27.9% |
| FY2015 | 29.3% |
| FY2014 | 29.3% |
| FY2013 | 30.1% |
| FY2012 | 28.1% |
| FY2011 | 25.8% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year |
|---|---|---|---|
| Q2 FY26 | 27.6% | +2.7 pts | |
| Q1 FY26 | 27.0% | +2.8 pts | |
| Q4 FY25 | 26.5% | +3.5 pts | |
| Q3 FY25 | 25.5% | +5.3 pts | |
| Q2 FY25 | 24.9% | +5.5 pts | |
| Q1 FY25 | 24.3% | +5.9 pts | |
| Q4 FY24 | 23.0% | +3.7 pts | |
| Q3 FY24 | 20.2% | +0.3 pts | |
| Q2 FY24 | 19.4% | −2.1 pts | |
| Q1 FY24 | 18.3% | −4.8 pts | |
| Q4 FY23 | 19.4% | −4.7 pts | |
| Q3 FY23 | 19.9% | −8.0 pts |
Against its peers
Companies in Banks - Diversified nearest U.S. Bancorp's size, closest first, today.
| Company | Profit margin |
|---|---|
| USBU.S. Bancorp | 27.6% |
| CCitigroup | 20.8% |
| WFCWells Fargo | 26.3% |
| BACBank of America | n/m |
| PNFPPinnacle Financial Partners | 23.4% |
| FHNFirst Horizon | 29.9% |
| UMBFUMB Financial | 32.3% |
| JPMJPMorgan Chase | 32.5% |
| CFRCullen/Frost Bankers | 29.7% |
| ONBOld National Bancorp | 31.4% |
| ZIONZions Bancorporation, National Association | 31.3% |
| Peer median | 29.9% |
Where U.S. Bancorp ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on U.S. Bancorp
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.