Buyback yield (TTM)
0.75%
Shareholder yield (TTM)
4.70%
5Y share count change
3.0%
Buyback spend (TTM)
$605.00M
Cumulative buybacks
$39.01B
Key takeaways
- U.S. Bancorp (USB) repurchased about $605.00M of stock over the trailing twelve months.
- Diluted share count is up 3.0% over the last ~5 fiscal years — equity issuance and stock-based compensation are outpacing repurchases.
- Cash buyback spend has compounded at -21.8% per year over the latest 5-year window.
- TTM repurchases used about 9% of free cash flow remaining after dividends.
Dividend & buyback yield over time for U.S. Bancorp (USB)
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Diluted vs basic shares (annual) for U.S. Bancorp (USB)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for U.S. Bancorp (USB)
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Cash buyback spend over time for U.S. Bancorp (USB)
Latest: $489.00M
Overview
In 2025, U.S. Bancorp (USB) buyback spend totalled $489.00M – surged 182.7% year-over-year.
Through 2020–2025 (5 years), U.S. Bancorp buyback spend delivered a -21.8% annualised rate; sustaining 2 straight years of year-over-year growth.
U.S. Bancorp buyback spend plunged from $4.53B in 2019 to $489.00M in 2025, a 89.2% drawdown.
2019 marks the peak buyback spend at $4.53B, with the historical low of $0.00 recorded in 1989.
U.S. Bancorp Buyback Spend 2025: $489.00M
U.S. Bancorp posted buyback spend of $489.00M in 2025, surged 182.7% from 2024.
U.S. Bancorp Buyback Spend 2024: $173.00M
In 2024, U.S. Bancorp reported buyback spend of $173.00M, surged 179.0% from 2023.
U.S. Bancorp Buyback Spend 2023: $62.00M
U.S. Bancorp buyback spend in 2023 was $62.00M, plunged 94.7% below 2022.
U.S. Bancorp Buyback Spend 2022: $1.17B
2022's buyback spend for U.S. Bancorp came in at $1.17B, plunged 58.3% below 2021.
U.S. Bancorp Buyback Spend 2021: $2.81B
U.S. Bancorp buyback spend in 2021 was $2.81B.
See more financial history for U.S. Bancorp (USB).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $489.00M | $0.00 | $489.00M | 0.59% | 1.56B | -0.3% | |
| 2024 | $173.00M | $0.00 | $173.00M | 0.23% | 1.56B | +1.2% | |
| 2023 | $62.00M | $0.00 | $62.00M | 0.09% | 1.54B | +3.6% | |
| 2022 | $1.17B | $0.00 | $1.17B | 1.79% | 1.49B | 0.0% | |
| 2021 | $2.81B | $0.00 | $2.81B | 3.37% | 1.49B | -1.3% | |
| 2020 | $1.67B | $0.00 | $1.67B | 2.38% | 1.51B | -4.6% | |
| 2019 | $4.53B | $0.00 | $4.53B | 4.90% | 1.58B | -3.4% | |
| 2018 | $2.82B | $0.00 | $2.82B | 3.82% | 1.64B | -2.7% | |
| 2017 | $3.72B | $0.00 | $3.72B | 4.18% | 1.68B | -2.4% | |
| 2016 | $2.56B | $0.00 | $2.56B | 2.93% | 1.72B | -2.7% | |
| 2015 | $2.19B | $0.00 | $2.19B | 2.94% | 1.77B | -2.3% | |
| 2014 | $2.20B | $0.00 | $2.20B | 2.74% | 1.81B | -1.9% | |
| 2013 | $2.78B | $0.00 | $2.78B | 3.78% | 1.85B | -2.5% | |
| 2012 | $1.86B | $0.00 | $1.86B | 3.10% | 1.90B | -1.4% | |
| 2011 | $514.00M | $0.00 | $514.00M | 1.00% | 1.92B | +0.1% | |
| 2010 | $0.00 | $0.00 | $0.00 | — | 1.92B | +3.3% | |
| 2009 | $0.00 | $0.00 | $0.00 | — | 1.86B | +5.8% | |
| 2008 | $0.00 | $0.00 | $0.00 | — | 1.76B | -0.1% | |
| 2007 | $1.98B | $0.00 | $1.98B | 3.61% | 1.76B | -2.5% | |
| 2006 | $2.80B | $0.00 | $2.80B | 4.41% | 1.80B | -2.9% | |
| 2005 | $1.85B | $0.00 | $1.85B | 3.45% | 1.86B | -2.9% | |
| 2004 | $2.66B | $0.00 | $2.66B | 4.59% | 1.91B | -1.2% | |
| 2003 | $0.00 | $0.00 | $0.00 | — | 1.94B | +0.6% | |
| 2002 | $0.00 | $0.00 | $0.00 | — | 1.92B | -0.8% | |
| 2001 | $0.00 | $0.00 | $0.00 | — | 1.94B | +1.1% | |
| 2000 | $0.00 | $0.00 | $0.00 | — | 1.92B | -12.6% | |
| 1999 | $0.00 | $0.00 | $0.00 | — | 2.19B | +11.3% | |
| 1998 | $0.00 | $0.00 | $0.00 | — | 1.97B | +187.8% | |
| 1997 | $0.00 | $0.00 | $0.00 | — | 0.68B | -31.3% | |
| 1996 | $0.00 | $0.00 | $0.00 | — | 1.00B | — | |
| 1995 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1994 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1993 | $187.10M | $0.00 | $187.10M | — | — | — | |
| 1992 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1991 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1990 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1989 | $0.00 | $0.00 | $0.00 | — | — | — |
- 2025$489.00M
- 2024$173.00M
- 2023$62.00M
- 2022$1.17B
- 2021$2.81B
- 2020$1.67B
- 2019$4.53B
- 2018$2.82B
- 2017$3.72B
- 2016$2.56B
- 2015$2.19B
- 2014$2.20B
- 2013$2.78B
- 2012$1.86B
- 2011$514.00M
- 2010$0.00
- 2009$0.00
- 2008$0.00
- 2007$1.98B
- 2006$2.80B
- 2005$1.85B
- 2004$2.66B
- 2003$0.00
- 2002$0.00
- 2001$0.00
- 2000$0.00
- 1999$0.00
- 1998$0.00
- 1997$0.00
- 1996$0.00
- 1995$0.00
- 1994$0.00
- 1993$187.10M
- 1992$0.00
- 1991$0.00
- 1990$0.00
- 1989$0.00
Buybacks vs stock-based compensation for U.S. Bancorp (USB)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: N/A.
Buybacks vs dividends (share of cash returned) for U.S. Bancorp (USB)
How U.S. Bancorp splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as U.S. Bancorp, ranked by their latest buyback spend.
| $34.59B | |
| $24.10B | |
| $19.52B | |
| $13.39B | |
| $12.36B | |
| $11.73B | |
| $5.83B | |
| $0.00 |
- $34.59B
- $24.10B
- $19.52B
- $13.39B
- $12.36B
- $11.73B
- $5.83B
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $6.40B (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
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