U.S. Bancorp (USB) Revenue & Revenue Breakdown
U.S. Bancorp Revenue Highlights
Latest Revenue (Y)
$28.01B
Latest Revenue (Q)
$10.80B
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 |
|---|---|---|
| 2024-06-30 | $10.80B | 3.21% |
| 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 $10.80B in revenue during Q2 2024, up 3.21% compared to the previous quarter, and up 151.24% 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 | $1.14B |
| USB | U.S. Bancorp | $28.01B | $10.80B |
| PNC | PNC Financial Services Group | $21.51B | $8.04B |
| FITB | Fifth Third Bancorp | $12.64B | $3.31B |
| KEY | KeyCorp | $10.40B | $2.71B |
| MTB | M&T Bank | $10.22B | $3.37B |
| HBAN | Huntington Bancshares | $8.92B | $2.98B |
| CMA | Comerica | $5.29B | $1.25B |
| WAL | Western Alliance Ban | $4.33B | $1.24B |
| ZION | Zions Bancorporation, National Association | $2.71B | $1.25B |
| 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 Q2 2024 was $10.8B, a 3.21% increase from the previous quarter (Q1 2024), and a 51.24% increase year-over-year (Q2 2023). The company'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). USB's quarterly revenue for Q4 2023 was $6.73B, a -3.84% decrease from the previous quarter (Q3 2023), and a 6.23% increase year-over-year (Q4 2022).
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.