U.S. Bancorp (USB) Revenue & Revenue Breakdown

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U.S. Bancorp Revenue Highlights

Latest Revenue (Y)

$28.01B

Latest Revenue (Q)

$2.70B

Main Segment (Y)

Consumer And Business Banking

U.S. Bancorp Revenue by Period

U.S. Bancorp Revenue by Year

Date	Revenue	Change
2023-12-31	$28.01B	15.83%
2022-12-31	$24.18B	6.44%
2021-12-31	$22.72B	-2.17%
2020-12-31	$23.23B	1.50%
2019-12-31	$22.88B	1.61%
2018-12-31	$22.52B	3.06%
2017-12-31	$21.85B	3.54%
2016-12-31	$21.11B	5.04%
2015-12-31	$20.09B	0.77%
2014-12-31	$19.94B	2.90%
2013-12-31	$19.38B	-3.42%
2012-12-31	$20.06B	6.25%
2011-12-31	$18.88B	5.26%
2010-12-31	$17.94B	8.92%
2009-12-31	$16.47B	13.25%
2008-12-31	$14.54B	4.92%
2007-12-31	$13.86B	2.02%
2006-12-31	$13.59B	3.72%
2005-12-31	$13.10B	3.72%
2004-12-31	$12.63B	1.03%
2003-12-31	$12.50B	-1.62%
2002-12-31	$12.71B	7.99%
2001-12-31	$11.77B	74.87%
2000-12-31	$6.73B	66.34%
1999-12-31	$4.05B	78.00%
1998-12-31	$2.27B	241.02%
1997-12-31	$666.50M	13.22%
1996-12-31	$588.70M	14.02%
1995-12-31	$516.30M	11.49%
1994-12-31	$463.10M	-72.80%
1993-12-31	$1.70B	-

U.S. Bancorp generated $28.01B in revenue during NA 2023, up 15.83% compared to the previous quarter, and up 124.39% compared to the same period a year ago.

U.S. Bancorp Revenue by Quarter

Date	Revenue	Change
2024-09-30	$2.70B	-74.70%
2024-06-30	$10.67B	1.98%
2024-03-31	$10.46B	55.46%
2023-12-31	$6.73B	-3.84%
2023-09-30	$7.00B	-1.97%
2023-06-30	$7.14B	-
2023-03-31	$7.14B	12.71%
2022-12-31	$6.34B	304.08%
2022-09-30	$1.57B	-73.79%
2022-06-30	$5.98B	7.43%
2022-03-31	$5.57B	-1.56%
2021-12-31	$5.66B	-3.53%
2021-09-30	$5.86B	1.88%
2021-06-30	$5.76B	5.73%
2021-03-31	$5.44B	-4.91%
2020-12-31	$5.72B	-3.60%
2020-09-30	$5.94B	2.15%
2020-06-30	$5.81B	1.15%
2020-03-31	$5.75B	1.86%
2019-12-31	$5.64B	-4.27%
2019-09-30	$5.89B	1.73%
2019-06-30	$5.79B	4.41%
2019-03-31	$5.55B	1.63%
2018-12-31	$5.46B	-3.67%
2018-09-30	$5.67B	1.03%
2018-06-30	$5.61B	3.14%
2018-03-31	$5.44B	-2.60%
2017-12-31	$5.58B	0.50%
2017-09-30	$5.56B	2.23%
2017-06-30	$5.44B	3.07%
2017-03-31	$5.27B	-2.08%
2016-12-31	$5.39B	0.90%
2016-09-30	$5.34B	-1.09%
2016-06-30	$5.40B	8.29%
2016-03-31	$4.98B	-3.39%
2015-12-31	$5.16B	1.28%
2015-09-30	$5.09B	2.13%
2015-06-30	$4.99B	2.80%
2015-03-31	$4.85B	-5.12%
2014-12-31	$5.11B	3.65%
2014-09-30	$4.93B	-3.88%
2014-06-30	$5.13B	7.88%
2014-03-31	$4.76B	-1.55%
2013-12-31	$4.83B	-0.04%
2013-09-30	$4.83B	-1.17%
2013-06-30	$4.89B	1.54%
2013-03-31	$4.82B	-3.49%
2012-12-31	$4.99B	-2.82%
2012-09-30	$5.14B	2.47%
2012-06-30	$5.01B	2.68%
2012-03-31	$4.88B	3.02%
2011-12-31	$4.74B	0.04%
2011-09-30	$4.74B	2.22%
2011-06-30	$4.63B	3.81%
2011-03-31	$4.46B	-4.37%
2010-12-31	$4.67B	2.96%
2010-09-30	$4.53B	11.02%
2010-06-30	$4.08B	3.63%
2010-03-31	$3.94B	-25.06%
2009-12-31	$5.26B	36.17%
2009-09-30	$3.86B	1.71%
2009-06-30	$3.80B	6.90%
2009-03-31	$3.55B	-0.89%
2008-12-31	$3.58B	7.14%
2008-09-30	$3.35B	-11.20%
2008-06-30	$3.77B	-2.08%
2008-03-31	$3.85B	9.35%
2007-12-31	$3.52B	-

U.S. Bancorp generated $2.70B in revenue during Q3 2024, up -74.70% compared to the previous quarter, and up 37.81% compared to the same period a year ago.

U.S. Bancorp Revenue Breakdown

U.S. Bancorp Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Consumer And Business Banking	$9.99B	$8.46B	$8.58B	$9.62B	$8.65B
Payment Services	$8.80B	-	-	-	-
Treasury and Corporate Support	$1.12B	$892.00M	$1.08B	$838.00M	$1.44B
Payments Services	-	$6.30B	$6.01B	$5.65B	$6.20B
Wealth Management And Investment Services	-	$4.18B	$3.22B	$2.87B	$2.96B
Consolidated Company	-	$24.30B	$22.83B	$23.32B	$22.99B
Corporate And Commercial Banking	-	$4.48B	$3.94B	$4.34B	$3.74B

U.S. Bancorp's latest annual revenue breakdown by segment (product or service), as of Dec 23: Consumer And Business Banking (50.18%), Payment Services (44.19%), and Treasury and Corporate Support (5.63%).

Quarterly Revenue by Product

Product/Service	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19
Wealth Management And Investment Services	$2.38B	$5.37B	$1.21B	$1.19B	$1.17B	$1.13B	$1.00B	$870.00M	$864.00M	$783.00M	$714.00M	$696.00M	$695.00M	$709.00M	$719.00M	$747.00M	$741.00M	$746.00M	$744.00M	-
Payment Services	$2.20B	$3.79B	$1.59B	$1.54B	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Consumer And Small Business Banking	$2.44B	$2.18B	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Treasury and Corporate Support	$185.00M	$220.00M	$323.00M	$281.00M	$297.00M	$-45.00M	$323.00M	$327.00M	$288.00M	$263.00M	$309.00M	$326.00M	$194.00M	$215.00M	$192.00M	$222.00M	$210.00M	-	-	-
Consumer And Business Banking	-	$2.18B	$2.48B	$2.62B	$2.71B	$2.43B	$2.06B	$2.01B	$1.98B	$2.06B	$2.27B	$2.30B	$2.24B	$2.42B	$2.49B	$2.41B	$2.30B	$2.16B	-	-
Payments Services	-	-	$1.73B	$1.70B	$1.59B	$1.58B	$1.62B	$1.61B	$1.48B	$1.52B	$1.56B	$1.51B	$1.41B	$1.45B	$1.50B	$1.26B	$1.45B	-	-	-
Consolidated Company	-	-	-	$7.17B	$7.17B	$6.37B	$6.33B	$6.01B	$5.60B	$5.68B	$5.89B	$5.78B	$5.47B	$5.75B	$5.96B	$5.84B	$5.77B	-	-	-
Corporate And Commercial Banking	-	-	-	$1.37B	$1.39B	$1.23B	$1.19B	$1.06B	$980.00M	$977.00M	$970.00M	$938.00M	$925.00M	$969.00M	$1.07B	$1.23B	$1.07B	$918.00M	-	-
Consumer and Business Banking	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$2.25B	$2.15B
Corporate and Other	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$413.00M	$425.00M
Corporate and Commercial Banking	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$922.00M	$963.00M

U.S. Bancorp's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Consumer And Small Business Banking (33.85%), Wealth Management And Investment Services (33.03%), Payment Services (30.56%), and Treasury and Corporate Support (2.57%).

U.S. Bancorp Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
TFC	Truist Financial	$33.25B	$7.83B
USB	U.S. Bancorp	$28.01B	$2.70B
PNC	PNC Financial Services Group	$21.51B	$5.46B
FITB	Fifth Third Bancorp	$12.64B	$3.38B
KEY	KeyCorp	$10.40B	$1.91B
MTB	M&T Bank	$10.22B	$3.39B
HBAN	Huntington Bancshares	$8.92B	$3.05B
CMA	Comerica	$5.29B	$982.00M
WAL	Western Alliance Ban	$4.33B	$1.29B
ZION	Zions Bancorporation, National Association	$2.71B	$1.28B
FHN	First Horizon	$1.39B	$1.28B
PACW	PacWest Bancorp	$1.29B	$143.32M

USB Revenue FAQ

What is U.S. Bancorp’s yearly revenue?

U.S. Bancorp's yearly revenue for 2023 was $28.01B, representing an increase of 15.83% compared to 2022. The company's yearly revenue for 2022 was $24.18B, representing an increase of 6.44% compared to 2021. USB's yearly revenue for 2021 was $22.72B, representing a decrease of -2.17% compared to 2020.

What is U.S. Bancorp’s quarterly revenue?

U.S. Bancorp's quarterly revenue for Q3 2024 was $2.7B, a -74.70% decrease from the previous quarter (Q2 2024), and a -61.43% decrease year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $10.67B, a 1.98% increase from the previous quarter (Q1 2024), and a 49.43% increase year-over-year (Q2 2023). USB's quarterly revenue for Q1 2024 was $10.46B, a 55.46% increase from the previous quarter (Q4 2023), and a 46.53% increase year-over-year (Q1 2023).

What is U.S. Bancorp’s revenue growth rate?

U.S. Bancorp's revenue growth rate for the last 3 years (2021-2023) was 23.29%, and for the last 5 years (2019-2023) was 22.42%.

What are U.S. Bancorp’s revenue streams?

U.S. Bancorp's revenue streams in c 23 are Consumer And Business Banking, Payment Services, and Treasury and Corporate Support. Consumer And Business Banking generated $9.99B in revenue, accounting 50.18% of the company's total revenue, up 18.12% year-over-year. Payment Services generated $8.8B in revenue, accounting 44.19% of the company's total revenue Treasury and Corporate Support generated $1.12B in revenue, accounting 5.63% of the company's total revenue, up 25.67% year-over-year.

What is U.S. Bancorp’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of U.S. Bancorp was Consumer And Business Banking. This segment made a revenue of $9.99B, representing 50.18% of the company's total revenue.