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Operating Margin for U.S. Bancorp (USB)

As of · Reported

Metric

TTM

23.2%

YoY change

+3.69pp

Trough year (1992)

10.5%

Peak year (2021)

42.9%

Operating Margin history chart for U.S. Bancorp (USB) from 1989 to 2025

Latest: 22.2%

Operating Margin change chart for U.S. Bancorp (USB) from 1989 to 2025

Latest: +3.69pp

Operating Margin history table for U.S. Bancorp (USB) from 1989 to 2025

  • 202522.2%+3.69pp
  • 202418.5%+1.62pp
  • 202316.9%-9.75pp
  • 202226.6%-16.22pp
  • 202142.9%+18.90pp
  • 202024.0%-7.48pp
  • 201931.5%-2.22pp
  • 201833.7%+1.90pp
  • 201731.8%-4.38pp
  • 201636.1%-1.74pp
  • 201537.9%+0.51pp
  • 201437.4%+0.51pp
  • 201336.9%+2.07pp
  • 201234.8%+3.82pp
  • 201131.0%+10.51pp
  • 201020.5%+6.97pp
  • 200913.5%-7.81pp
  • 200821.3%-9.45pp
  • 200730.8%-4.95pp
  • 200635.7%-3.88pp
  • 200539.6%-2.41pp
  • 200442.0%+3.21pp
  • 200338.8%+5.22pp
  • 200233.6%+18.56pp
  • 200115.0%-10.88pp
  • 200025.9%-2.12pp
  • 199928.0%+0.67pp
  • 199827.3%+6.67pp
  • 199720.6%-0.90pp
  • 199621.5%-2.62pp
  • 199524.2%-1.82pp
  • 199426.0%+4.61pp
  • 199321.4%+10.85pp
  • 199210.5%-4.03pp
  • 199114.5%+0.57pp
  • 199014.0%+1.39pp
  • 198912.6%—

Operating Margin values are taken from U.S. Bancorp's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About Operating Margin at U.S. Bancorp (USB)

According to U.S. Bancorp's latest reported financial statements, the company's latest reported operating margin is 23.2%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

In 2025, U.S. Bancorp (USB) operating margin totalled 22.20% – expanded 3.7 percentage points year-over-year.

2021 marks the peak operating margin at 42.87%, with the historical low of 10.51% recorded in 1992.

U.S. Bancorp Operating Margin by Year

U.S. Bancorp Operating Margin 2025: 22.2%

U.S. Bancorp operating margin in 2025 was 22.20%, expanded 3.7 percentage points from 2024.

U.S. Bancorp Operating Margin 2024: 18.5%

2024's operating margin for U.S. Bancorp came in at 18.52%, expanded 1.6 percentage points from 2023.

U.S. Bancorp Operating Margin 2023: 16.9%

U.S. Bancorp posted operating margin of 16.90% in 2023, contracted 9.7 percentage points from 2022.

U.S. Bancorp Operating Margin 2022: 26.6%

In 2022, U.S. Bancorp reported operating margin of 26.65%, contracted 16.2 percentage points from 2021.

U.S. Bancorp Operating Margin 2021: 42.9%

U.S. Bancorp operating margin in 2021 was 42.87%.

See more financial history for U.S. Bancorp (USB).

Sector peers by Operating Margin

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