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Companies / Financials / U.S. Bancorp
USB

U.S. Bancorp

FinancialsCommercial BanksS&P 500
Ticker USBMINNEAPOLIS, MNFiscal year ends DecemberBook value per share $43.36Diluted shares 1.6B

U.S. Bancorp (NYSE: USB) is a financial services holding company whose U.S. Bank subsidiary provides banking and related services to individuals, businesses, institutional organizations, government entities and financial institutions. Its offerings include deposits, commercial and consumer lending, credit cards, cash… From the company’s description.

In fiscal 2025, U.S. Bancorp reported revenue of $28.54B, up 4.4% from fiscal 2024, and net income of $7.57B. Its pre-tax margin was 33.3%. Over the twelve months to Jun 30, 2026, revenue was $29.58B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$28.54BFY2025
+4.4% year over year
Last 12 mo $29.58B
33.35%FY2025
+4.4 percentage points
Last 12 mo 34.49%
$7.57BFY2025
+20.2% year over year
Last 12 mo $8.17B
11.61%FY2025
+0.9 percentage points
Last 12 mo 12.11%
Cash & financing
$7.97BFY2025
−29.3% year over year
Last 12 mo $12.38B
$7.97BFY2025
−29.3% year over year
Last 12 mo $12.38B
9.21FY2025
Was 10.10× a year earlier
Last 12 mo 1.42
1.6BFY2025
−0.2% year over year
Last 12 mo 1.6B

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What U.S. Bancorp does

In the company’s own words

U.S. Bancorp (NYSE: USB) is a financial services holding company whose U.S. Bank subsidiary provides banking and related services to individuals, businesses, institutional organizations, government entities and financial institutions. Its offerings include deposits, commercial and consumer lending, credit cards, cash and treasury management, capital markets, mortgage banking, merchant and ATM processing, trust and investment management, brokerage, insurance and leasing. The company also provides fund administration and corporate trust services, with banking and investment services delivered through digital channels and a nationwide branch network. Its reportable segments are Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support. The first three serve wealth and institutional clients, consumers and businesses, or card and merchant-processing customers, respectively; Treasury and Corporate Support manages investment portfolios, funding and corporate activities. At December 31, 2025, the company had $522.2 billion in consolidated deposits and 2,075 branches across 26 states. Its website is https://www.usbank.com.

Company details
Sector
Financials
Industry (SIC)
Commercial Banks
Headquarters
MINNEAPOLIS, MN
Fiscal year end
December
CIK
36104
SIC
6021

Financial performance, year by year

Fiscal 2013–2025 · USD
$-2.96B$5.92B$14.79B$23.67B$32.54B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns U.S. Bancorp — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

957
funds hold it
3 of 35
superinvestors hold it
$28.59B
held by funds, at market
31.3%
of shares held by funds
39
bond issues held by funds

Superinvestors in U.S. Bancorp · what they did last quarter

Tweedy BrowneDECREASED -1.3%
Tweedy, Browne
0.8%of 13F portfolio
Charlie MungerUNCHANGED
Daily Journal
2.8%of 13F portfolio
Mark HillmanDECREASED -21.5%
Hillman Capital Management
1.8%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · U.S. Bancorp’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.13%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.15%of fund net assets
iShares Core S&P 500 ETF
IVV · iShares Trust
0.15%of fund net assets
Fidelity 500 Index Fund
FXAIX · Fidelity Concord Street Trust
0.13%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

U.S. Bancorp’s bonds, as funds hold them

Funds report holding 39 issues of U.S. Bancorp’s debt, $7.88B at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.76%, maturing 2026 to 2056.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do U.S. Bancorp and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of U.S. Bancorp's earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in U.S. Bancorp's last four quarterly filings that the numbers alone won't show?”
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