US BANCORP \DE\ Income Tax Expense 2007-2026 | USB
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What is income tax expense?
Income tax expense is the total amount of income taxes a company owes to federal, state, and foreign governments.
What is US BANCORP \DE\'s current income tax expense?
US BANCORP \DE\ (USB) annual income tax expense for 2025 was $1.92B, a 21.58% increase from 2024. US BANCORP \DE\ income tax expense for the quarter ending March 31, 2026 was $469.0M.
What was US BANCORP \DE\'s income tax expense in 2024?
US BANCORP \DE\ annual income tax expense for 2024 was $1.58B, a 12.30% increase from 2023.
What was US BANCORP \DE\'s income tax expense in 2023?
US BANCORP \DE\ annual income tax expense for 2023 was $1.41B, a 3.83% decline from 2022.
What is US BANCORP \DE\'s 5-year income tax expense CAGR?
US BANCORP \DE\ income tax expense grew at a compound annual growth rate (CAGR) of 12.50% from FY2020 to FY2025, going from $1.07B to $1.92B over 5 years.
Income Tax Expense History
Year-over-year comparison from 10-K annual reports
Key Statistics
Trend Direction
Growing
CAGR+12.5%
FY2020
$1.07B
→
FY2025
$1.92B
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5 years selected
Income Tax Expense History
| Period | Value | Change | Source |
|---|---|---|---|
| FY2025 | $1.92B | +21.6% | 10-K |
| FY2024 | $1.58B | +12.3% | 10-K |
| FY2023 | $1.41B | -3.8% | 10-K |
| FY2022 | $1.46B | -32.9% | 10-K |
| FY2021 | $2.18B | +104.6% | 10-K |
| FY2020 | $1.07B | -35.3% | 10-K |
| FY2019 | $1.65B | +6.0% | 10-K |
| FY2018 | $1.55B | +22.9% | 10-K |
| FY2017 | $1.26B | -41.5% | 10-K |
| FY2016 | $2.16B | +3.1% | 10-K |
| FY2015 | $2.10B | +0.5% | 10-K |
| FY2014 | $2.09B | +2.7% | 10-K |
| FY2013 | $2.03B | -9.1% | 10-K |
| FY2012 | $2.24B | +21.5% | 10-K |
| FY2011 | $1.84B | +96.9% | 10-K |
| FY2010 | $935.0M | +136.7% | 10-K |
| FY2009 | $395.0M | -63.7% | 10-K |
| FY2008 | $1.09B | -42.3% | 10-K |
| FY2007 | $1.88B | - | 10-K |
Company: US BANCORP \DE\Ticker: USBSector: Financial ServicesIndustry: National Commercial BanksView company profile →