# US Bancorp \\de\\: overview

USB · NYSE · CIK 36104 · [Financials](/sectors/financials.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/usb.md) · [Financials](/companies/usb/financials.md) · [Filings](/companies/usb/filings.md) · [Insiders](/companies/usb/insiders.md)

Latest reported revenue: [$7.71bn](/filings/0000036104-26-000044.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 6, 2026 (XBRL us-gaap:Revenues, accession 0000036104-26-000044).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [6,864](/filings/0000036104-25-000064.md) | [7,009 d](/filings/0000036104-26-000011.md) | [6,958](/filings/0000036104-26-000024.md) | [7,004](/filings/0000036104-26-000044.md) | [7,329](/filings/0000036104-25-000064.md) | [7,365 d](/filings/0000036104-26-000011.md) | [7,288](/filings/0000036104-26-000024.md) | [7,712](/filings/0000036104-26-000044.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [25.0%](/filings/0000036104-25-000064.md) | [23.7% d](/filings/0000036104-26-000011.md) | [24.6%](/filings/0000036104-26-000024.md) | [25.9%](/filings/0000036104-26-000044.md) | [27.3%](/filings/0000036104-25-000064.md) | [27.8% d](/filings/0000036104-26-000011.md) | [26.7%](/filings/0000036104-26-000024.md) | [28.2%](/filings/0000036104-26-000044.md) |
| Diluted EPS | $ per share | [1.03](/filings/0000036104-25-000064.md) | not reported | [1.03](/filings/0000036104-26-000024.md) | [1.11](/filings/0000036104-26-000044.md) | [1.22](/filings/0000036104-25-000064.md) | not reported | [1.18](/filings/0000036104-26-000024.md) | [1.35](/filings/0000036104-26-000044.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $bn | not reported | [24.3](/filings/0000036104-25-000016.md) | [28.1](/filings/0000036104-26-000011.md) | [27.5](/filings/0000036104-26-000011.md) | [28.7](/filings/0000036104-26-000011.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | not reported | [24.0%](/filings/0000036104-25-000016.md) | [19.3%](/filings/0000036104-26-000011.md) | [22.9%](/filings/0000036104-26-000011.md) | [26.4%](/filings/0000036104-26-000011.md) |
| Diluted EPS | $ per share | [5.10](/filings/0000036104-24-000018.md) | [3.69](/filings/0000036104-25-000016.md) | [3.27](/filings/0000036104-26-000011.md) | [3.79](/filings/0000036104-26-000011.md) | [4.62](/filings/0000036104-26-000011.md) |
| Free cash flow | $bn | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:Revenues.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:Revenues.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/usb/insiders.md)

| Date | Insider | Role | Transaction | Shares | Reported price | Value | Filing |
| --- | --- | --- | --- | ---: | ---: | ---: | --- |
| 2020-05-12 | [Berkshire Hathaway Inc](/insiders/1067983.md) | 10% owner | Sale (S) | 41,600 | $33.3928 | $1.4m | [Form 4](/filings/0001209191-20-028815.md) |
| 2020-05-12 | [Berkshire Hathaway Inc](/insiders/1067983.md) | 10% owner | Sale (S) | 293,886 | $32.3514 | $9.5m | [Form 4](/filings/0001209191-20-028815.md) |
| 2020-05-12 | [Berkshire Hathaway Inc](/insiders/1067983.md) | 10% owner | Sale (S) | 41,600 | $33.3928 | $1.4m | [Form 4/A](/filings/0001209191-20-029062.md) |
| 2020-05-12 | [Berkshire Hathaway Inc](/insiders/1067983.md) | 10% owner | Sale (S) | 293,886 | $32.3514 | $9.5m | [Form 4/A](/filings/0001209191-20-029062.md) |
| 2020-05-11 | [Berkshire Hathaway Inc](/insiders/1067983.md) | 10% owner | Sale (S) | 162,300 | $33.3759 | $5.4m | [Form 4](/filings/0001209191-20-028815.md) |
| 2020-05-11 | [Berkshire Hathaway Inc](/insiders/1067983.md) | 10% owner | Sale (S) | 162,300 | $33.3759 | $5.4m | [Form 4/A](/filings/0001209191-20-029062.md) |

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $7.68bn | 127,137,222 |  | Reduced −1,231,537 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $6.12bn | 101,302,511 |  | Added +418,106 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $4.45bn | 73,137,322 |  | Added +3,728,783 |
| [JPMORGAN CHASE & CO](/funds/19617.md) | 2026-06-30 | $3.66bn | 59,686,029 |  | Reduced −1,997,338 |
| [FMR LLC](/funds/315066.md) | 2026-06-30 | $3.10bn | 51,284,661 |  | Reduced −5,887,169 |
| [MUFG BANK, LTD.](/funds/852743.md) | 2026-06-30 | $2.68bn | 44,374,155 |  | Unchanged |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $2.36bn | 39,253,077 |  | Added +813,433 |
| [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $1.85bn | 30,552,978 |  | Added +1,248,505 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $1.81bn | 30,004,454 |  | Added +405,864 |
| [Davis Selected Advisers](/funds/1036325.md) | 2026-06-30 | $1.30bn | 21,453,510 |  | Reduced −784,450 |

## Recent filings

[All 3,079 filings](/companies/usb/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-30 | 16:27 ET | [8-K](/filings/0001193125-26-441737.md) | 3.03 Change to security holders’ rights; 5.03 Amendment to articles or bylaws; 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-441737 |
| 2026-10-29 | 08:25 ET | [8-K](/filings/0001193125-26-437071.md) | 5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits | 0001193125-26-437071 |
| 2026-10-15 | 06:59 ET | [8-K](/filings/0000036104-26-000054.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0000036104-26-000054 |
| 2026-08-06 | 16:17 ET | [10-Q](/filings/0000036104-26-000044.md) | Quarterly report, period 2026-06-30 | 0000036104-26-000044 |
| 2026-07-16 | 06:59 ET | [8-K](/filings/0000036104-26-000039.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0000036104-26-000039 |
| 2026-06-24 | 17:30 ET | [8-K](/filings/0000036104-26-000035.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0000036104-26-000035 |
| 2026-05-04 | 16:17 ET | [10-Q](/filings/0000036104-26-000024.md) | Quarterly report, period 2026-03-31 | 0000036104-26-000024 |
| 2026-04-23 | 16:30 ET | [8-K](/filings/0001193125-26-173818.md) | 5.07 Shareholder vote results; 9.01 Financial statements and exhibits | 0001193125-26-173818 |
| 2026-04-16 | 06:47 ET | [8-K](/filings/0000036104-26-000021.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0000036104-26-000021 |
| 2026-04-08 | 16:17 ET | [8-K](/filings/0000036104-26-000017.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0000036104-26-000017 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0000036104-26-000011.md), filed Feb 23, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 36104
- Tickers: USB, USB-PA, USB-PH, USB-PP, USB-PQ, USB-PR, USB-PS
- Exchange: NYSE
- SIC code: 6021 National Commercial Banks
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 30, 2026, 16:36 ET. No prices; not investment advice.