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US BANCORP \DE\ Net Income 2007-2026 | USB

Annual FY2007–FY2025 · quarterly through Q1 FY2026

Latest annual · FY2025

$7.57B

+20.2%YoY vs FY2024Source: 10-KFY2025

From $4.32B in FY2007 to $7.57B in FY2025: 1.8× in 18 years.

By quarter▲▼ vs a year before
Fiscal yearQ1Q2Q3Q4
FY26$1.9B+13.8%Not reportedNot reportedNot reported
FY25$1.7B+29.6%$1.8B+13.2%$2.0B+16.7%$2.0B+23.0%
FY24$1.3B−22.3%$1.6B+17.8%$1.7B+12.5%$1.7B+96.3%
FY23$1.7B+9.1%$1.4B−11.1%$1.5B−15.9%$847M−8.4%
FY22$1.6B−31.7%$1.5B−22.8%$1.8B−10.7%$925M−44.7%
Share25%24%28%23%

Shaded by size: darkest is the largest quarter shown; ringed is the latest reported; a dash marks a quarter with no separate figure. Each quarter sits by its period-end date. Share: its typical part of the fiscal year.

Key Statistics

Trend DirectionGrowing
CAGR

+8.8%

FY2020
$4.96B
FY2025
$7.57B

5 years selected · on the chart

Net Income History

Year-over-year comparison from 10-K annual reports

  1. $7.57B
YoY changeLargest recent move+60.6%in FY21Latest +20.2%

Net Income, period by period

PeriodValueChangeSource
FY2025$7.57B+20.2%10-K
FY2024$6.30B+16.0%10-K
FY2023$5.43B−6.8%10-K
FY2022$5.83B−26.8%10-K
FY2021$7.96B+60.6%10-K
FY2020$4.96B−28.3%10-K
FY2019$6.91B−2.6%10-K
FY2018$7.10B+14.1%10-K
FY2017$6.22B+5.6%10-K
FY2016$5.89B+0.2%10-K
FY2015$5.88B+0.5%10-K
FY2014$5.85B+0.3%10-K
FY2013$5.84B+3.3%10-K
FY2012$5.65B+15.9%10-K
FY2011$4.87B+46.9%10-K
FY2010$3.32B+50.4%10-K
FY2009$2.21B−25.2%10-K
FY2008$2.95B−31.9%10-K
FY2007$4.32B—10-K

What is net income?

Net income can be defined as the company's total earnings or profit. It is calculated as revenues minus all expenses including cost of goods sold, operating expenses, interest, and taxes.

What is US BANCORP \DE\'s current net income?

US BANCORP \DE\ (USB) annual net income for 2025 was $7.57B, a 20.18% increase from 2024. US BANCORP \DE\ net income for the quarter ending March 31, 2026 was $1.95B.

What was US BANCORP \DE\'s net income in 2024?

US BANCORP \DE\ annual net income for 2024 was $6.30B, a 16.03% increase from 2023.

What was US BANCORP \DE\'s net income in 2023?

US BANCORP \DE\ annual net income for 2023 was $5.43B, a 6.80% decline from 2022.

What is US BANCORP \DE\'s 5-year net income CAGR?

US BANCORP \DE\ net income grew at a compound annual growth rate (CAGR) of 8.83% from FY2020 to FY2025, going from $4.96B to $7.57B over 5 years.

Company
US BANCORP \DE\
Ticker
USB
Sector
Financial Services
Industry
National Commercial Banks