Free Cash Flow for U.S. Bancorp (USB)
Free Cash Flow for U.S. Bancorp (USB): headline value $7.97B · YoY -29.3%. Annual and quarterly series, chart, and tables are below.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

USB
Currently viewingFree Cash FlowSwitch metric
Latest period
$7.97B
YoY change
-29.3%
5Y CAGR
+16.5%
Peak year (2022)
$21.12B
Latest annual
$7.97B
Free Cash Flow history chart for U.S. Bancorp (USB) from 1989 to 2025
Free Cash Flow history table for U.S. Bancorp (USB) from 1989 to 2025
| Fiscal year | Period ended | Reported | Free Cash Flow | YoY |
|---|---|---|---|---|
| 2025 | $7.97B | -29.3% | ||
| 2024 | $11.27B | +33.5% | ||
| 2023 | $8.45B | -60.0% | ||
| 2022 | $21.12B | +114.0% | ||
| 2021 | $9.87B | +165.6% | ||
| 2020 | $3.72B | -24.0% | ||
| 2019 | $4.89B | -53.7% | ||
| 2018 | $10.56B | +63.2% | ||
| 2017 | $6.47B | +21.3% | ||
| 2016 | $5.34B | -39.2% | ||
| 2015 | $8.78B | +64.7% | ||
| 2014 | $5.33B | -53.4% | ||
| 2013 | $11.45B | +43.8% | ||
| 2012 | $7.96B | -19.0% | ||
| 2011 | $9.82B | +87.4% | ||
| 2010 | $5.24B | -31.0% | ||
| 2009 | $7.60B | +43.2% | ||
| 2008 | $5.31B | +82.7% | ||
| 2007 | $2.90B | -46.1% | ||
| 2006 | $5.39B | +55.0% | ||
| 2005 | $3.48B | -30.9% | ||
| 2004 | $5.03B | -37.2% | ||
| 2003 | $8.01B | +138.7% | ||
| 2002 | $3.36B | +78.3% | ||
| 2001 | $1.88B | -56.6% | ||
| 2000 | $4.34B | +70.1% | ||
| 1999 | $2.55B | +109.8% | ||
| 1998 | $1.22B | +174.8% | ||
| 1997 | $442.70M | -41.5% | ||
| 1996 | $756.80M | +700.8% | ||
| 1995 | $94.50M | -46.1% | ||
| 1994 | $175.30M | -61.5% | ||
| 1993 | $455.70M | -19.9% | ||
| 1992 | $568.90M | +444.9% | ||
| 1991 | $104.40M | +21.1% | ||
| 1990 | $86.20M | -6.5% | ||
| 1989 | $92.20M | — |
Free Cash Flow values are taken from U.S. Bancorp's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2025 fiscal year, U.S. Bancorp (USB) reported free cash flow of $7.97B – declined 29.3% year-over-year.
U.S. Bancorp free cash flow has recorded the values shown across consecutive periods, with a +16.5% compound annual growth rate over 2020–2025 (5 years).
U.S. Bancorp free cash flow plunged from $21.12B in 2022 to $7.97B in 2025, a 62.3% drawdown.
2022 marks the peak free cash flow at $21.12B, with the historical low of $86.20M recorded in 1990.
Within Financial Services, U.S. Bancorp (USB) ranks 7th among 8 peers we track. The peer median for free cash flow is $19.24B.
U.S. Bancorp Free Cash Flow by Year
U.S. Bancorp Free Cash Flow 2025: $7.97B
U.S. Bancorp free cash flow in 2025 was $7.97B, declined 29.3% below 2024.
U.S. Bancorp Free Cash Flow 2024: $11.27B
U.S. Bancorp free cash flow in 2024 was $11.27B, surged 33.5% from 2023.
U.S. Bancorp Free Cash Flow 2023: $8.45B
U.S. Bancorp free cash flow in 2023 was $8.45B, plunged 60.0% below 2022.
U.S. Bancorp Free Cash Flow 2022: $21.12B
U.S. Bancorp free cash flow in 2022 was $21.12B, surged 114.0% from 2021. This figure represents the highest annual value in the available history.
U.S. Bancorp Free Cash Flow 2021: $9.87B
U.S. Bancorp free cash flow in 2021 was $9.87B.
See more financial history for U.S. Bancorp (USB).
Sector peers — Free Cash Flow
Companies in the same sector as U.S. Bancorp, ranked by their latest free cash flow.
| Company | Free Cash Flow | Sector |
|---|---|---|
| JPMorgan Chase & Co. (JPM) | $100.87B | Financial Services |
| Morgan Stanley (MS) | $46.10B | Financial Services |
| Berkshire Hathaway Inc. (BRK-B) | $25.04B | Financial Services |
| Visa Inc. (V) | $21.58B | Financial Services |
| Mastercard Incorporated (MA) | $16.91B | Financial Services |
| Bank of America Corporation (BAC) | $12.61B | Financial Services |
| Wells Fargo & Company (WFC) | -$19.00B | Financial Services |
| The Goldman Sachs Group, Inc. (GS) | -$47.22B | Financial Services |
Frequently asked questions
What is U.S. Bancorp's free cash flow?
Latest reported free cash flow for U.S. Bancorp (USB) is $7.97B (period ending December 31, 2025).
How has U.S. Bancorp free cash flow changed year-over-year?
U.S. Bancorp (USB) free cash flow changed -29.3% year-over-year on the latest annual filing.
What is the long-term growth rate of U.S. Bancorp free cash flow?
U.S. Bancorp (USB) free cash flow compound annual growth rate is +16.5% over the most recent 5 years available.
When did U.S. Bancorp free cash flow hit its highest annual value?
U.S. Bancorp free cash flow reached its highest annual value of $21.12B in 2022.
What was U.S. Bancorp free cash flow in 2024?
U.S. Bancorp (USB) free cash flow in 2024 was $11.27B.
What was U.S. Bancorp free cash flow in 2025?
U.S. Bancorp (USB) free cash flow in 2025 was $7.97B.
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