Gross Profit for U.S. Bancorp (USB)
According to U.S. Bancorp's latest reported financial statements, the company's current gross profit (TTM) is $27.22B USD. Gross profit equals revenue minus the cost of goods sold (COGS) — what remains from sales after the direct cost of producing the product or service. It does not yet subtract operating expenses, interest, or taxes (see operating income and net income for those steps). Higher gross profit (and gross margin) generally signals pricing power and production efficiency.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
USB
Currently viewingGross ProfitSwitch metric
TTM (last 4 quarters)
$27.22B
YoY change
+7.3%
5Y CAGR
+6.8%
Peak year (2025)
$26.93B
Cumulative gross profit
$463.43B
Gross Profit history chart for U.S. Bancorp (USB) from 1985 to 2025
Gross Profit history table for U.S. Bancorp (USB) from 1985 to 2025
| Fiscal year | Period ended | Reported | Gross Profit | YoY |
|---|---|---|---|---|
| 2025 | $26.93B | +7.3% | ||
| 2024 | $25.10B | -2.5% | ||
| 2023 | $25.74B | +15.9% | ||
| 2022 | $22.21B | -7.1% | ||
| 2021 | $23.89B | +23.0% | ||
| 2020 | $19.42B | -9.2% | ||
| 2019 | $21.38B | +1.1% | ||
| 2018 | $21.14B | +4.1% | ||
| 2017 | $20.31B | +3.4% | ||
| 2016 | $19.63B | +4.2% | ||
| 2015 | $18.84B | +0.7% | ||
| 2014 | $18.71B | +3.7% | ||
| 2013 | $18.04B | -0.8% | ||
| 2012 | $18.18B | +9.9% | ||
| 2011 | $16.54B | +21.8% | ||
| 2010 | $13.58B | +24.5% | ||
| 2009 | $10.91B | -4.7% | ||
| 2008 | $11.45B | -13.2% | ||
| 2007 | $13.19B | +0.3% | ||
| 2006 | $13.15B | +5.8% | ||
| 2005 | $12.43B | +4.0% | ||
| 2004 | $11.96B | +6.3% | ||
| 2003 | $11.25B | +5.4% | ||
| 2002 | $10.68B | +25.7% | ||
| 2001 | $8.49B | -16.0% | ||
| 2000 | $10.10B | +84.1% | ||
| 1999 | $5.49B | +11.1% | ||
| 1998 | $4.94B | +51.3% | ||
| 1997 | $3.26B | +83.7% | ||
| 1996 | $1.78B | +261.6% | ||
| 1995 | $491.20M | +12.0% | ||
| 1994 | $438.70M | -72.2% | ||
| 1993 | $1.58B | +17.1% | ||
| 1992 | $1.35B | +332.0% | ||
| 1991 | $311.90M | +10.4% | ||
| 1990 | $282.50M | +6.9% | ||
| 1989 | $264.30M | — | ||
| 1988 | $0 | — | ||
| 1987 | $0 | — | ||
| 1986 | $0 | — | ||
| 1985 | $0 | — |
Gross Profit values are taken from U.S. Bancorp's reported income 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
The 2025 reading of U.S. Bancorp (USB) gross profit is $26.93B – grew 7.3% year-over-year.
Across 2020–2025 (5 years), U.S. Bancorp gross profit produced a CAGR of +6.8% – with the latest reading among the more recent periods of the dataset.
2025 marks the peak gross profit at $26.93B, with the historical low of $0 recorded in 1985.
Within Financial Services, U.S. Bancorp (USB) ranks 9th among 8 peers we track. The peer median for gross profit is $72.83B.
U.S. Bancorp Gross Profit by Year
U.S. Bancorp Gross Profit 2025: $26.93B
U.S. Bancorp gross profit in 2025 was $26.93B, grew 7.3% from 2024. This figure represents the highest annual value in the available history.
U.S. Bancorp Gross Profit 2024: $25.10B
U.S. Bancorp gross profit in 2024 was $25.10B, edged down 2.5% below 2023.
U.S. Bancorp Gross Profit 2023: $25.74B
U.S. Bancorp gross profit in 2023 was $25.74B, grew 15.9% from 2022.
U.S. Bancorp Gross Profit 2022: $22.21B
U.S. Bancorp gross profit in 2022 was $22.21B, declined 7.1% below 2021.
U.S. Bancorp Gross Profit 2021: $23.89B
U.S. Bancorp gross profit in 2021 was $23.89B.
See more financial history for U.S. Bancorp (USB).
Sector peers — Gross Profit
Companies in the same sector as U.S. Bancorp, ranked by their latest gross profit.
| Company | Gross Profit | Sector |
|---|---|---|
| JPMorgan Chase & Co. (JPM) | $167.61B | Financial Services |
| Bank of America Corporation (BAC) | $107.42B | Financial Services |
| Berkshire Hathaway Inc. (BRK-B) | $87.78B | Financial Services |
| Wells Fargo & Company (WFC) | $80.04B | Financial Services |
| Morgan Stanley (MS) | $65.62B | Financial Services |
| The Goldman Sachs Group, Inc. (GS) | $59.40B | Financial Services |
| Visa Inc. (V) | $32.15B | Financial Services |
| Mastercard Incorporated (MA) | $27.36B | Financial Services |
Frequently asked questions
What is U.S. Bancorp's gross profit?
- Latest reported gross profit for U.S. Bancorp (USB) is $27.22B (period ending March 31, 2026).
How has U.S. Bancorp gross profit changed year-over-year?
- U.S. Bancorp (USB) gross profit changed +7.3% year-over-year on the latest annual filing.
What is the long-term growth rate of U.S. Bancorp gross profit?
- U.S. Bancorp (USB) gross profit compound annual growth rate is +6.8% over the most recent 5 years available.
When did U.S. Bancorp gross profit hit its highest annual value?
- U.S. Bancorp gross profit reached its highest annual value of $26.93B in 2025.
What was U.S. Bancorp gross profit in 2024?
- U.S. Bancorp (USB) gross profit in 2024 was $25.10B.
What was U.S. Bancorp gross profit in 2025?
- U.S. Bancorp (USB) gross profit in 2025 was $26.93B.
Metrics overview
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