Shares Outstanding for U.S. Bancorp (USB)
According to U.S. Bancorp's latest reported financial statements, the company's latest reported diluted shares outstanding is 1.55B. Diluted weighted-average shares outstanding is the share count used to compute per-share metrics like EPS. Buybacks lower it; new issuance, stock-based compensation, and convertible securities raise it. Multiply by the stock price for market capitalization.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

USB
Currently viewingShares OutstandingSwitch metric
Latest period
1.55B
YoY change
-0.3%
5Y CAGR
+0.6%
Peak year (1999)
2.19B
Latest annual
1.56B
Shares Outstanding history chart for U.S. Bancorp (USB) from 1985 to 2025
Shares Outstanding history table for U.S. Bancorp (USB) from 1985 to 2025
| Fiscal year | Period ended | Reported | Shares Outstanding | YoY |
|---|---|---|---|---|
| 2025 | 1.56B | -0.3% | ||
| 2024 | 1.56B | +1.2% | ||
| 2023 | 1.54B | +3.6% | ||
| 2022 | 1.49B | 0.0% | ||
| 2021 | 1.49B | -1.3% | ||
| 2020 | 1.51B | -4.6% | ||
| 2019 | 1.58B | -3.4% | ||
| 2018 | 1.64B | -2.7% | ||
| 2017 | 1.68B | -2.4% | ||
| 2016 | 1.72B | -2.7% | ||
| 2015 | 1.77B | -2.3% | ||
| 2014 | 1.81B | -1.9% | ||
| 2013 | 1.85B | -2.5% | ||
| 2012 | 1.90B | -1.4% | ||
| 2011 | 1.92B | +0.1% | ||
| 2010 | 1.92B | +3.3% | ||
| 2009 | 1.86B | +5.8% | ||
| 2008 | 1.76B | -0.1% | ||
| 2007 | 1.76B | -2.5% | ||
| 2006 | 1.80B | -2.9% | ||
| 2005 | 1.86B | -2.9% | ||
| 2004 | 1.91B | -1.2% | ||
| 2003 | 1.94B | +0.6% | ||
| 2002 | 1.92B | -0.8% | ||
| 2001 | 1.94B | +1.1% | ||
| 2000 | 1.92B | -12.6% | ||
| 1999 | 2.19B | +11.3% | ||
| 1998 | 1.97B | +187.8% | ||
| 1997 | 684.87M | -31.3% | ||
| 1996 | 996.53M | 0.0% | ||
| 1995 | 996.53M | 0.0% | ||
| 1994 | 996.53M | 0.0% | ||
| 1993 | 996.53M | +21.5% | ||
| 1992 | 820.00M | +3.8% | ||
| 1991 | 789.60M | +1.4% | ||
| 1990 | 778.80M | -1.5% | ||
| 1989 | 790.91M | +3.3% | ||
| 1988 | 765.40M | +16.8% | ||
| 1987 | 655.26M | -2.0% | ||
| 1986 | 668.33M | +17.6% | ||
| 1985 | 568.33M | — |
Shares Outstanding 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) diluted shares outstanding is 1.56B – edged down 0.3% year-over-year.
U.S. Bancorp diluted shares outstanding compound annual growth for the 2020–2025 (5 years) window is +0.6%, with the latest reading among the more recent periods of the dataset.
U.S. Bancorp diluted shares outstanding declined from 2.19B in 1999 to 1.56B in 2025, a 29.1% drawdown.
The dataset's maximum diluted shares outstanding sits at 2.19B (1999); the minimum reading of 568.33M dates to 1985.
U.S. Bancorp (USB) sits 7th of 8 Financial Services peers we track on this metric, against a peer median of 2.06B.
U.S. Bancorp Shares Outstanding by Year
U.S. Bancorp Shares Outstanding 2025: 1.56B
U.S. Bancorp diluted shares outstanding in 2025 was 1.56B, edged down 0.3% below 2024.
U.S. Bancorp Shares Outstanding 2024: 1.56B
U.S. Bancorp diluted shares outstanding in 2024 was 1.56B, edged up 1.2% from 2023.
U.S. Bancorp Shares Outstanding 2023: 1.54B
U.S. Bancorp diluted shares outstanding in 2023 was 1.54B, edged up 3.6% from 2022.
U.S. Bancorp Shares Outstanding 2022: 1.49B
U.S. Bancorp diluted shares outstanding in 2022 was 1.49B, edged up 0.0% from 2021.
U.S. Bancorp Shares Outstanding 2021: 1.49B
U.S. Bancorp diluted shares outstanding in 2021 was 1.49B.
See more financial history for U.S. Bancorp (USB).
Sector peers — Shares Outstanding
Companies in the same sector as U.S. Bancorp, ranked by their latest diluted shares outstanding.
| Company | Shares Outstanding | Sector |
|---|---|---|
| Bank of America Corporation (BAC) | 7.55B | Financial Services |
| Wells Fargo & Company (WFC) | 3.22B | Financial Services |
| JPMorgan Chase & Co. (JPM) | 2.79B | Financial Services |
| Berkshire Hathaway Inc. (BRK-B) | 2.16B | Financial Services |
| Visa Inc. (V) | 1.97B | Financial Services |
| Morgan Stanley (MS) | 1.59B | Financial Services |
| Mastercard Incorporated (MA) | 898.00M | Financial Services |
| The Goldman Sachs Group, Inc. (GS) | 317.60M | Financial Services |
Frequently asked questions
What is U.S. Bancorp's diluted shares outstanding?
- Latest reported diluted shares outstanding for U.S. Bancorp (USB) is 1.55B (period ending March 31, 2026).
How has U.S. Bancorp diluted shares outstanding changed year-over-year?
- U.S. Bancorp (USB) diluted shares outstanding changed -0.3% year-over-year on the latest annual filing.
What is the long-term growth rate of U.S. Bancorp diluted shares outstanding?
- U.S. Bancorp (USB) diluted shares outstanding compound annual growth rate is +0.6% over the most recent 5 years available.
When did U.S. Bancorp diluted shares outstanding hit its highest annual value?
- U.S. Bancorp diluted shares outstanding reached its highest annual value of 2.19B in 1999.
What was U.S. Bancorp diluted shares outstanding in 2024?
- U.S. Bancorp (USB) diluted shares outstanding in 2024 was 1.56B.
What was U.S. Bancorp diluted shares outstanding in 2025?
- U.S. Bancorp (USB) diluted shares outstanding in 2025 was 1.56B.
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