U.S. Bancorp (USB) Financials
PeriodQ2 FY2026
Published
U.S. Bancorp reported total net revenue of $7.71 billion on a taxable-equivalent basis in Q2 FY2026, the quarter ended June 30, 2026, up 10.1% from a year earlier, and net income attributable to U.S. Bancorp of $2.18 billion, up 19.9%, or $1.35 per diluted share against $1.11. Both of the bank's reported revenue streams grew: net interest income, as reported, was $4.36 billion, up 7.7% on loan growth and a better earning asset mix, lifting the net interest margin to 2.8% from 2.7%, while noninterest income of $3.33 billion was up 13.7% on broad fee growth and the first partial quarter from BTIG, the institutional brokerage firm U.S. Bancorp acquired during the period. Expenses grew more slowly than revenue, taking the efficiency ratio to 57.1% from 59.2%.
| Metric | Amount | vs. year ago |
|---|---|---|
| Total net revenue | $7,712,000,000 | up 10.1% |
| Net income | $2,177,000,000 | up 19.9% |
| Diluted EPS | $1.35 | up 21.6% |
| Net interest margin | 2.8% | up 0.1 points |
| Efficiency ratio | 57.1% | down 2.1 points |
| Net interest income | $4,361,000,000 | up 7.7% |
| Noninterest income | $3,325,000,000 | up 13.7% |
Company details
| Name | Us Bancorp \De\ |
|---|---|
| Ticker | USB |
| CIK | 0000036104 |
| Exchange | NYSE |
| State | Minnesota |
| Incorporation | Delaware |
| SIC | 6021 |
| Office | Finance |
| Industry | National Commercial Banks |
| Latest period covered | Q2 FY2026, ended 2026-06-30, 10-Q, accession 0000036104-26-000044 |
| Fiscal year end | 12/31 (MM/DD) |
| Next expected filing | 10-Q around 2026-11-04 (predicted) |
Data files
- Financial statementsPage Annual financial statements plus the latest quarter: income statement, balance sheet, cash flow. Actual dollars, actual shares. Sourcing notes and uncertainties included.
- 10-K and 10-Q summaryPage Qualitative synthesis of the latest 10-K + 10-Q: business, risk factors (quarter-over-quarter changes flagged), MD&A, legal proceedings, subsequent events.
- 8-K filings and eventsPage Digest of material 8-K filings: earnings headlines, management changes, capital-return and financing actions, governance. SEC accession numbers cited throughout.
FAQ · U.S. Bancorp Q2 FY2026
How much did U.S. Bancorp earn in Q2 FY2026?
U.S. Bancorp reported net income attributable to the company of $2.18 billion for Q2 FY2026, the quarter ended June 30, 2026, up 19.9% from $1.81 billion in the same quarter a year earlier. That worked out to $1.35 per diluted share, against $1.11 a year earlier.
What was U.S. Bancorp's revenue in Q2 FY2026?
U.S. Bancorp reported total net revenue of $7.71 billion on a taxable-equivalent basis for Q2 FY2026, the quarter ended June 30, 2026, up 10.1% from $7.00 billion a year earlier. Net interest income as reported was $4.36 billion and noninterest income was $3.33 billion. Those two reported lines sum to slightly less than the total, because the total is stated on a taxable-equivalent basis and adds a taxable-equivalent adjustment to reported net interest income.
What was U.S. Bancorp's net interest margin in Q2 FY2026?
U.S. Bancorp's net interest margin on a taxable-equivalent basis was 2.8% in Q2 FY2026, the quarter ended June 30, 2026, up from 2.7% in the same quarter a year earlier.
What was U.S. Bancorp's efficiency ratio in Q2 FY2026?
U.S. Bancorp's efficiency ratio was 57.1% in Q2 FY2026, the quarter ended June 30, 2026, an improvement from 59.2% a year earlier, because revenue grew faster than noninterest expense. A lower efficiency ratio means a smaller share of revenue is consumed by operating costs.
Where can I get U.S. Bancorp (USB) financial data in machine-readable form?
Ticker Scout publishes U.S. Bancorp's financial statements as JSON at https://tickerscout.ai/usb/financials.json, free, with no API key and no signup. The 10-K and 10-Q narrative and the 8-K events digest are published as Markdown at https://tickerscout.ai/usb/narrative.md and https://tickerscout.ai/usb/events.md. U.S. Bancorp's SEC CIK is 0000036104. Every figure cites the SEC accession number it came from, so it can be checked against sec.gov.
When does U.S. Bancorp (USB) next file with the SEC?
U.S. Bancorp (USB) is expected to file its next Form 10-Q with the SEC on or around November 4, 2026. That date is a projection rather than a company-announced date: it is derived from U.S. Bancorp's own filing history with the SEC, by taking the date the company filed the same fiscal period a year earlier and adding 52 weeks. The most recent periodic report on file is the 10-Q for Q2 FY2026, the period ended 2026-06-30, SEC accession 0000036104-26-000044.
Related companies
How this page was built
This page was built from U.S. Bancorp's own filings with the SEC, read one at a time, and nothing on it is taken from a pre-tagged dataset, a data vendor or another website. The figures are on the company's own fiscal calendar and in actual dollars, as the filings report them. Where the filings do not support a figure, the record says so instead of reporting a zero; this period names five such gaps.
A single company files thousands of pages with the SEC in a year, and no two companies file them the same way, so the reading and the assembly here are done by AI rather than by rules that break on the differences. Every pass is then audited back against the filings it came from before the page is published, and anything the filings do not support is left out and named rather than filled in. AI can still make mistakes. That is why the accession numbers are printed: the filing is the authority, and this page is a route to it.
Published by Ticker Scout, an independent publisher of company filings data. About Ticker Scout · Disclaimer
Data extracted from SEC filings (accession numbers cited in each file). The undated URLs hold the latest period and are replaced in place each quarter; every period also stays published at its own dated URL, which never changes. Free to cite with attribution: Ticker Scout (tickerscout.ai). Not investment advice, see the Disclaimer.