US BANCORP \DE\ Interest Expense 2007-2024 | USB
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What is interest expense?
Interest expense represents the cost of borrowing money, including interest paid on bonds, loans, and other debt obligations.
What is US BANCORP \DE\'s current interest expense?
US BANCORP \DE\ (USB) annual interest expense for 2023 was $12.61B, a 292.01% increase from 2022. US BANCORP \DE\ interest expense for the quarter ending March 31, 2024 was $3.78B.
What was US BANCORP \DE\'s interest expense in 2022?
US BANCORP \DE\ annual interest expense for 2022 was $3.22B, a 223.97% increase from 2021.
What was US BANCORP \DE\'s interest expense in 2021?
US BANCORP \DE\ annual interest expense for 2021 was $993.0M, a 50.72% decline from 2020.
What is US BANCORP \DE\'s 5-year interest expense CAGR?
US BANCORP \DE\ interest expense grew at a compound annual growth rate (CAGR) of 31.12% from FY2018 to FY2023, going from $3.25B to $12.61B over 5 years.
Interest Expense History
Year-over-year comparison from 10-K annual reports
Key Statistics
Trend Direction
Growing
CAGR+31.1%
FY2018
$3.25B
→
FY2023
$12.61B
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5 years selected
Interest Expense History
| Period | Value | Change | Source |
|---|---|---|---|
| FY2023 | $12.61B | +292.0% | 10-K |
| FY2022 | $3.22B | +224.0% | 10-K |
| FY2021 | $993.0M | -50.7% | 10-K |
| FY2020 | $2.02B | -54.6% | 10-K |
| FY2019 | $4.44B | +36.5% | 10-K |
| FY2018 | $3.25B | +65.5% | 10-K |
| FY2017 | $1.97B | +33.9% | 10-K |
| FY2016 | $1.47B | +4.8% | 10-K |
| FY2015 | $1.40B | -3.6% | 10-K |
| FY2014 | $1.45B | -13.6% | 10-K |
| FY2013 | $1.68B | -21.4% | 10-K |
| FY2012 | $2.14B | -15.0% | 10-K |
| FY2011 | $2.52B | -2.4% | 10-K |
| FY2010 | $2.58B | -14.6% | 10-K |
| FY2009 | $3.02B | -35.6% | 10-K |
| FY2008 | $4.69B | -27.3% | 10-K |
| FY2007 | $6.45B | - | 10-K |
Company: US BANCORP \DE\Ticker: USBSector: Financial ServicesIndustry: National Commercial BanksView company profile →