Net Income for U.S. Bancorp (USB)
According to U.S. Bancorp's latest reported financial statements, the company's current net income (TTM) is $7.81B USD. Net income is the bottom-line profit after all expenses — cost of goods sold, operating expenses, interest, and taxes — are subtracted from revenue. It is the figure used to compute earnings per share (EPS) and is the residual available to shareholders.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
USB
Currently viewingNet IncomeSwitch metric
TTM (last 4 quarters)
$7.81B
YoY change
+20.3%
5Y CAGR
+8.8%
Peak year (2021)
$7.96B
Cumulative net income
$134.94B
Net Income history chart for U.S. Bancorp (USB) from 1985 to 2025
Net Income history table for U.S. Bancorp (USB) from 1985 to 2025
| Fiscal year | Period ended | Reported | Net Income | YoY |
|---|---|---|---|---|
| 2025 | $7.58B | +20.3% | ||
| 2024 | $6.30B | +16.0% | ||
| 2023 | $5.43B | -6.8% | ||
| 2022 | $5.83B | -26.8% | ||
| 2021 | $7.96B | +60.6% | ||
| 2020 | $4.96B | -28.3% | ||
| 2019 | $6.91B | -2.6% | ||
| 2018 | $7.10B | +14.1% | ||
| 2017 | $6.22B | +5.6% | ||
| 2016 | $5.89B | +0.2% | ||
| 2015 | $5.88B | +0.5% | ||
| 2014 | $5.85B | +0.3% | ||
| 2013 | $5.84B | +3.3% | ||
| 2012 | $5.65B | +15.9% | ||
| 2011 | $4.87B | +46.9% | ||
| 2010 | $3.32B | +50.4% | ||
| 2009 | $2.21B | -25.2% | ||
| 2008 | $2.95B | -31.9% | ||
| 2007 | $4.32B | -9.0% | ||
| 2006 | $4.75B | +5.8% | ||
| 2005 | $4.49B | +7.7% | ||
| 2004 | $4.17B | +11.6% | ||
| 2003 | $3.73B | +17.8% | ||
| 2002 | $3.17B | +114.2% | ||
| 2001 | $1.48B | -48.6% | ||
| 2000 | $2.88B | +90.9% | ||
| 1999 | $1.51B | +13.5% | ||
| 1998 | $1.33B | +74.5% | ||
| 1997 | $760.70M | +83.1% | ||
| 1996 | $415.40M | +204.1% | ||
| 1995 | $136.60M | +17.2% | ||
| 1994 | $116.60M | -60.9% | ||
| 1993 | $298.00M | -4.4% | ||
| 1992 | $311.80M | +373.9% | ||
| 1991 | $65.80M | +1.4% | ||
| 1990 | $64.90M | +11.9% | ||
| 1989 | $58.00M | +4.7% | ||
| 1988 | $55.40M | +33.5% | ||
| 1987 | $41.50M | +3.5% | ||
| 1986 | $40.10M | +17.6% | ||
| 1985 | $34.10M | — |
Net Income 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
2025's annual net income for U.S. Bancorp (USB) came in at $7.58B – grew 20.3% year-over-year.
Across 2020–2025 (5 years), U.S. Bancorp net income produced a CAGR of +8.8% – sustaining 2 straight years of year-over-year growth.
Between 2021 and 2025, U.S. Bancorp net income edged down 4.9%, falling from $7.96B to $7.58B.
2021 marks the peak net income at $7.96B, with the historical low of $34.10M recorded in 1985.
Within Financial Services, U.S. Bancorp (USB) ranks 9th among 8 peers we track. The peer median for net income is $20.70B.
U.S. Bancorp Net Income by Year
U.S. Bancorp Net Income 2025: $7.58B
U.S. Bancorp net income in 2025 was $7.58B, grew 20.3% from 2024.
U.S. Bancorp Net Income 2024: $6.30B
U.S. Bancorp net income in 2024 was $6.30B, grew 16.0% from 2023.
U.S. Bancorp Net Income 2023: $5.43B
U.S. Bancorp net income in 2023 was $5.43B, declined 6.8% below 2022.
U.S. Bancorp Net Income 2022: $5.83B
U.S. Bancorp net income in 2022 was $5.83B, declined 26.8% below 2021.
U.S. Bancorp Net Income 2021: $7.96B
U.S. Bancorp net income in 2021 was $7.96B.
See more financial history for U.S. Bancorp (USB).
Sector peers — Net Income
Companies in the same sector as U.S. Bancorp, ranked by their latest net income.
| Company | Net Income | Sector |
|---|---|---|
| Berkshire Hathaway Inc. (BRK-B) | $66.97B | Financial Services |
| JPMorgan Chase & Co. (JPM) | $57.05B | Financial Services |
| Bank of America Corporation (BAC) | $30.51B | Financial Services |
| Wells Fargo & Company (WFC) | $21.34B | Financial Services |
| Visa Inc. (V) | $20.06B | Financial Services |
| The Goldman Sachs Group, Inc. (GS) | $17.18B | Financial Services |
| Morgan Stanley (MS) | $16.86B | Financial Services |
| Mastercard Incorporated (MA) | $14.97B | Financial Services |
Frequently asked questions
What is U.S. Bancorp's net income?
- Latest reported net income for U.S. Bancorp (USB) is $7.81B (period ending March 31, 2026).
How has U.S. Bancorp net income changed year-over-year?
- U.S. Bancorp (USB) net income changed +20.3% year-over-year on the latest annual filing.
What is the long-term growth rate of U.S. Bancorp net income?
- U.S. Bancorp (USB) net income compound annual growth rate is +8.8% over the most recent 5 years available.
When did U.S. Bancorp net income hit its highest annual value?
- U.S. Bancorp net income reached its highest annual value of $7.96B in 2021.
What was U.S. Bancorp net income in 2024?
- U.S. Bancorp (USB) net income in 2024 was $6.30B.
What was U.S. Bancorp net income in 2025?
- U.S. Bancorp (USB) net income in 2025 was $7.58B.
Metrics overview
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