FY2025 · ended Dec 31, 2025 · Revenue $28.66B, +4.4% YoY · Filed Feb 23, 2026
US Bancorp \de\ (USB) files with the SEC under industry code 6021, National Commercial Banks. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $28.7 billion and net income of $7.6 billion. As of Sep 30, 2026 it held $49.5 billion in cash and investments and $21.0 billion in total debt.
Revenue (TTM)
$30.34B
+7.2% vs year-ago TTM
Net income (TTM)
$8.37B
+16.4% vs year-ago TTM
Operating cash flow (TTM)
$12.94B
+31.5% vs year-ago TTM
Free cash flow
—
EPS (TTM)
$5.14
+17.7% vs year-ago TTM
Dividend per share (TTM)
$2.10
+4.0% vs year-ago TTM
Shares outstanding
1.55B
-0.4% vs prior year
Net cash
$28.48B
as of Sep 30, 2026
Operating margin
—
Company profile
- Industry
- National Commercial Banks (SIC 6021)
- Listed as
- USB (NYSE), USB-PA (NYSE), USB-PH (NYSE), USB-PP (NYSE), USB-PQ (NYSE), USB-PR (NYSE), USB-PS (NYSE)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- Minneapolis, MN
- SEC filer status
- Large accelerated filer
- SEC CIK
- 36104
- Former names
- FIRST BANK SYSTEM INC (until Mar 28, 1997)
Other National Commercial Banks companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $28.7B | $27.5B | $28.1B | — | — |
| Net income | $7.6B | $6.3B | $5.4B | $5.8B | $8.0B |
| Diluted EPS | $4.62 | $3.79 | $3.27 | $3.69 | $5.10 |
| Operating cash flow | $8.0B | $11.3B | $8.4B | $21.1B | $9.9B |
| Total assets | $692.3B | $678.3B | $663.5B | $674.8B | $573.3B |
| Total liabilities | $626.7B | $619.3B | $607.7B | $623.6B | $517.9B |
| Stockholders' equity | $65.2B | $58.6B | $55.3B | $50.8B | $54.9B |
| Cash and investments | $46.9B | $56.5B | $61.2B | $126.5B | $133.0B |
| Total debt | $18.7B | $17.0B | $16.8B | $72.7B | $45.2B |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Regulation FD disclosure
|
Nov 6, 2026 | Nov 6, 2026 |
| 8-K | Current report | Nov 5, 2026 | Nov 5, 2026 |
| 10-Q | Quarterly report | Nov 5, 2026 | Sep 30, 2026 |
| 8-K |
Current report
Change to shareholder rights, Bylaw or fiscal year change, Other events
|
Oct 30, 2026 | Oct 29, 2026 |
| 8-K |
Current report
Officer or director change
|
Oct 29, 2026 | Oct 23, 2026 |
| 8-K |
Current report
Results of operations, Regulation FD disclosure
|
Oct 15, 2026 | Oct 15, 2026 |
All 1004 US Bancorp \de\ SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.