U.S. Bank
Financial Performance
U.S. Bank Revenue & Financials
Revenue
$28.7B (FY2025)
Market Cap
$82.9B
Net Income
$7.6B
Employees
70,000
What is U.S. Bank's revenue?
U.S. Bank had $28.7B in revenue for fiscal year 2025, up 4.4% from 2024. Net income was $7.6B.
- Latest revenue
- $28.7B (FY2025)
- Year-over-year
- +4.4%
- Growth rate (CAGR)
- 3.4% over 9 years
- Peak revenue
- $28.7B (FY2025)
- Years of data
- 10
- Employees
- 70,000
- How much profit does U.S. Bank make?
- U.S. Bank reported net income of $7.6B for fiscal year 2025.
- How many employees does U.S. Bank have?
- U.S. Bank has about 70,000 employees.
Financial Analysis
U.S. Bancorp's financial results for fiscal year 2024 demonstrated the earnings power of a fully integrated national franchise following the complete system conversion of MUFG Union Bank. The corporation achieved consolidated net revenue of $27.455 billion ($27.5B), supported by $17.02 billion in net interest income and $10.43 billion in non-interest fee revenue. Full-year GAAP net income reached $6.299 billion ($6.3B), delivering robust return on average assets (ROA) and return on tangible common equity (ROTCE). The balance sheet closed FY2024 with approximately $680 billion in total assets, including approximately $375 billion in net loans and $510 billion in total deposits. The bank's Common Equity Tier 1 (CET1) capital ratio strengthened to approximately 10.5%, reflecting disciplined organic capital retention and prudent risk-weighted asset management. Loan quality metrics remained healthy, with net charge-offs well-controlled outside of anticipated credit loss provisions dedicated to the commercial office real estate portfolio. Total liquidity reserves and unencumbered high-quality liquid assets comfortably exceeded internal targets and Federal Reserve supervisory liquidity coverage ratios.
Revenue Trend Analysis
YoY Change
+4.4%
9-Year CAGR
+3.4%
Peak Year
2025
Trend
Consistent Growth
U.S. Bank has 10 full fiscal year figures on this page, compounding at +3.4% annually over 9 years. The most recent year saw a 4.4% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at $28.7B. Of 9 comparable year-over-year steps, 7 showed growth and 2 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FY2025 | $28.7B | $7.6B | +4.4% |
| FY2024 | $27.5B | $6.3B | -2.4% |
| FY2023 | $28.1B | $5.4B | +15.8% |
| FY2022 | $24.3B | $5.8B | +6.5% |
| FY2021 | $22.8B | $8B | -2.1% |
| FY2020 | $23.3B | $5B | +1.5% |
| FY2019 | $23B | $6.9B | +1.5% |
| FY2018 | $22.6B | $7.1B | +2.6% |
| FY2017 | $22.1B | $6.2B | +3.6% |
| FY2016 | $21.3B | $5.9B | — |
Click any row to see year details.
Keep researching U.S. Bank
U.S. Bank Revenue and Financial FAQ
What were U.S. Bancorp's total net revenue and net income for FY2024?
For fiscal year 2024, U.S. Bancorp reported consolidated net revenue of $27.455 billion ($27.5B) and GAAP net income of $6.299 billion ($6.3B), demonstrating strong organic balance sheet growth and cost synergy realization from the MUFG Union Bank integration.
What is U.S. Bank's total asset scale and where does it rank among US banks?
U.S. Bancorp holds approximately $680 billion in total consolidated assets, ranking as the fifth-largest commercial bank in the United States, positioned directly behind JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo.
What is U.S. Bancorp's Common Equity Tier 1 (CET1) capital ratio?
U.S. Bancorp maintained a Common Equity Tier 1 (CET1) ratio of approximately 10.5% at the end of FY2024, comfortably exceeding regulatory minimums and supervisory stress capital buffer requirements established by the Federal Reserve.
How has U.S. Bank managed commercial real estate office loan provisions?
In response to post-pandemic hybrid work trends impacting central business district office towers, U.S. Bank proactively increased its allowance for credit losses on office commercial mortgages in 2023 and 2024, maintaining reserve coverage exceeding 10% on criticized office loans.
What is U.S. Bancorp's dividend track record and capital return strategy?
U.S. Bancorp has maintained an uninterrupted dividend payment history spanning decades, targeting a dividend payout ratio of approximately 35% to 45% of normalized earnings while directing residual capital toward organic balance sheet growth and opportunistic share repurchases.
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Using these figures? Please credit CorpDigest with a link.
CorpDigest. "U.S. Bank Revenue & Financials." CorpDigest, https://corpdigest.com/company/us-bank/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>U.S. Bank reported $28.7B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/us-bank/financials" target="_blank" rel="noopener">CorpDigest — U.S. Bank financials</a></div>Related Financial Audits
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