What is the current annual net margin of USB?

As of today, USB annual net margin is 17.72%

What is 1-year change in USB annual net margin?

USB annual net margin is up +19.33% year-over-year

What is 3-year change in USB annual net margin?

USB annual net margin is down -16.42% over the past 3 years

How far is USB annual net margin from its all-time high?

USB annual net margin is currently -51.43% below its historical high of 36.48% set on December 31, 2021

How does USB annual net margin rank versus sector peers?

USB annual net margin is higher than 59.60% of companies in Financial Services sector

When is USB next annual earnings release?

The next annual earnings release for USB is on January 19, 2027

What is the current quarterly net margin of USB?

As of today, USB quarterly net margin is 19.60%

What is USB quarterly net margin most recent change?

USB quarterly net margin was down -1.51% on September 30, 2026

What is 1-year change in USB quarterly net margin?

USB quarterly net margin is up +9.38% year-over-year

How far is USB quarterly net margin from its all-time high?

USB quarterly net margin is currently -51.05% below its historical high of 40.04% set on March 31, 2021

How does USB quarterly net margin rank versus sector peers?

USB quarterly net margin is higher than 58.29% of companies in Financial Services sector

When is USB next earnings release?

The next earnings release for USB is on January 19, 2027

U.S. Bancorp (USB) Net Margin History & Chart Since 1980

Annual Net Margin

17.72%2.87%+19.33%

December 31, 2025

Summary

Current Value: As of today, USB annual net margin is 17.72%, up +19.33% on December 31, 2025
Historical Performance: USB annual net margin is down -16.42% over the past 3 years, down -18.75% over the past 5 years
All-Time High Comparison: USB annual net margin is currently -51.43% below its historical high of 36.48% set on December 31, 2021
3-Year Low Comparison: USB annual net margin is +30.58% above its 3-year low of 13.57% reached on December 31, 2023
Sector Comparison: USB annual net margin is higher than 59.60% of companies in Financial Services sector

Net Margin Chart

beforeafter

Performance

USB Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Net Margin	Dec 31, 25	17.72%	+19.3%	-16.4%	-18.8%	+6.9%
Quarterly Net Margin	Sep 30, 26	19.60%	+9.4%	+36.3%	-44.9%	-27.4%
Price	Oct 29, 26	$60.64	+30.0%	+97.9%	+0.5%	+133.0%
PE Ratio	Oct 29, 26	11.80	+10.5%	+29.2%	-2.6%	+2.6%
Annual Revenue	Dec 31, 25	$42.23B	-0.4%	+54.1%	+85.5%	+107.7%
Annual Net Income	Dec 31, 25	$7.55B	+20.0%	+29.9%	+52.1%	+124.1%
Annual Gross Margin	Dec 31, 25	0.00%	0.0%	0.0%	0.0%	0.0%
Annual Operating Margin	Dec 31, 25	22.20%	+17.3%	-14.4%	-12.7%	-19.6%

Net Margin Highs

USB Annual Net Margin Highs Comparison
Period	High	Date	Current
3Y	21.20%	N/A	-16.4%
5Y	36.48%	Dec 31, 21	-51.4%
All	36.48%	Dec 31, 21	-51.4%

Net Margin Lows

USB Annual Net Margin Lows Comparison
Period	Low	Date	Current
3Y	13.57%	Dec 31, 23	+30.6%
5Y	13.57%	Dec 31, 23	+30.6%
All	-13.36%	Dec 31, 88	+232.6%

Net Margin History

Year	Value	Change
2025	17.72%	+19.3%
2024	14.85%	+9.4%
2023	13.57%	-36.0%
2022	21.20%	-41.9%
2021	36.48%	+67.3%
2020	21.81%	-17.5%
2019	26.45%	-4.6%
2018	27.73%	+3.2%
2017	26.87%	+0.3%
2016	26.79%	-7.8%
2015	29.07%	-1.0%
2014	29.37%	+8.3%
2013	27.11%	-0.1%
2012	27.14%	+8.8%
2011	24.95%	+50.6%
2010	16.57%	+47.8%
2009	11.21%	-24.1%
2008	14.76%	-30.7%
2007	21.29%	-14.4%
2006	24.86%	-8.1%
2005	27.05%	-4.5%
2004	28.33%	+11.3%
2003	25.46%	+13.4%

Year	Value	Change
2002	22.45%	+100.4%
2001	11.20%	-33.1%
2000	16.75%	-6.2%
1999	17.86%	+3.1%
1998	17.32%	+42.6%
1997	12.15%	-40.6%
1996	20.44%	+18.6%
1995	17.23%	-2.5%
1994	17.68%	+32.4%
1993	13.35%	+100.5%
1992	6.66%	-36.3%
1991	10.45%	+71.0%
1990	6.11%	+6,010.0%
1989	0.10%	+100.7%
1988	-13.36%	-768.0%
1987	2.00%	-71.1%
1986	6.92%	+4.1%
1985	6.65%	+19.2%
1984	5.58%	-17.1%
1983	6.73%	+15.0%
1982	5.85%	+8.1%
1981	5.41%	-35.4%
1980	8.38%	-

FAQ

What is the current annual net margin of USB?: As of today, USB annual net margin is 17.72%
What is 1-year change in USB annual net margin?: USB annual net margin is up +19.33% year-over-year
What is 3-year change in USB annual net margin?: USB annual net margin is down -16.42% over the past 3 years
How far is USB annual net margin from its all-time high?: USB annual net margin is currently -51.43% below its historical high of 36.48% set on December 31, 2021
How does USB annual net margin rank versus sector peers?: USB annual net margin is higher than 59.60% of companies in Financial Services sector
When is USB next annual earnings release?: The next annual earnings release for USB is on January 19, 2027

Net Margin Formula

Net Margin = Net Income

Revenue × 100%

Quarterly Net Margin

19.60%0.30%-1.51%

September 30, 2026

Summary

Current Value: As of today, USB quarterly net margin is 19.60%, down -1.51% on September 30, 2026
Historical Performance: USB quarterly net margin is up +9.38% year-over-year, up +36.30% over the past 3 years
All-Time High Comparison: USB quarterly net margin is currently -51.05% below its historical high of 40.04% set on March 31, 2021
3-Year Low Comparison: USB quarterly net margin is +129.78% above its 3-year low of 8.53% reached on December 31, 2023
Sector Comparison: USB quarterly net margin is higher than 58.29% of companies in Financial Services sector

Performance

USB Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Net Margin	Sep 30, 26	19.60%	-1.5%	+9.4%	+36.3%	-44.9%
Annual Net Margin	Dec 31, 25	17.72%	–	+19.3%	-16.4%	-18.8%
Price	Oct 29, 26	$60.64	-3.5%	+30.0%	+97.9%	+0.5%
PE Ratio	Oct 29, 26	11.80	-5.8%	+10.5%	+29.2%	-2.6%
Quarterly Revenue	Sep 30, 26	$11.26B	+3.3%	+1.1%	+6.9%	+97.9%
Quarterly Net Income	Sep 30, 26	$2.21B	+1.8%	+10.6%	+45.7%	+9.1%
Quarterly Gross Margin	Sep 30, 26	0.00%	0.0%	0.0%	0.0%	0.0%
Quarterly Operating Margin	Sep 30, 26	24.87%	-7.8%	-3.7%	+16.3%	-40.5%

Quarterly Net Margin Highs

USB Quarterly Net Margin Highs Comparison
Period	High	Date	Current
1Y	19.90%	Jun 30, 26	-1.5%
3Y	19.90%	Jun 30, 26	-1.5%
5Y	35.56%	N/A	-44.9%
All	40.04%	Mar 31, 21	-51.0%

Quarterly Net Margin Lows

USB Quarterly Net Margin Lows Comparison
Period	Low	Date	Current
1Y	17.92%	N/A	+9.4%
3Y	8.53%	Dec 31, 23	+129.8%
5Y	8.53%	Dec 31, 23	+129.8%
All	1.95%	Sep 30, 01	+905.1%

Quarterly Net Margin History

Month	Value	Change
Sep 2026	19.60%	-1.5%
Jun 2026	19.90%	+8.9%
Mar 2026	18.27%	-2.8%
Dec 2025	18.79%	+4.9%
Sep 2025	17.92%	+1.9%
Jun 2025	17.58%	+4.3%
Mar 2025	16.85%	+9.1%
Dec 2024	15.44%	-5.6%
Sep 2024	16.36%	+9.3%
Jun 2024	14.97%	+18.1%
Mar 2024	12.68%	+48.7%
Dec 2023	8.53%	-40.7%
Sep 2023	14.38%	+7.1%
Jun 2023	13.43%	-26.1%
Mar 2023	18.18%	+59.3%
Dec 2022	11.41%	-53.4%
Sep 2022	24.49%	+4.6%
Jun 2022	23.41%	-10.1%
Mar 2022	26.05%	-12.7%
Dec 2021	29.83%	-16.1%
Sep 2021	35.56%	-3.3%
Jun 2021	36.76%	-8.2%
Mar 2021	40.04%	+58.4%
Dec 2020	25.27%	-8.1%
Sep 2020	27.50%	+120.2%
Jun 2020	12.49%	-40.8%
Mar 2020	21.10%	+5.2%
Dec 2019	20.06%	-32.4%
Sep 2019	29.69%	+3.4%
Jun 2019	28.72%	+4.2%
Mar 2019	27.56%	-6.7%
Dec 2018	29.54%	+7.8%
Sep 2018	27.41%	+0.3%
Jun 2018	27.34%	+2.5%
Mar 2018	26.67%	-2.9%
Dec 2017	27.46%	+3.7%
Sep 2017	26.49%	-1.6%
Jun 2017	26.91%	+1.5%
Mar 2017	26.52%	+17.8%
Dec 2016	22.51%	-15.8%
Sep 2016	26.74%	-7.3%
Jun 2016	28.84%	-1.0%
Mar 2016	29.12%	+8.3%
Dec 2015	26.90%	-11.6%
Sep 2015	30.42%	+8.8%
Jun 2015	27.97%	-8.1%
Mar 2015	30.45%	-0.2%
Dec 2014	30.51%	+6.7%
Sep 2014	28.59%	-0.9%
Jun 2014	28.86%	+0.4%
Mar 2014	28.74%	+14.2%
Dec 2013	25.17%	-11.1%
Sep 2013	28.32%	+4.7%
Jun 2013	27.05%	-4.3%
Mar 2013	28.28%	+1.3%
Dec 2012	27.92%	+0.8%
Sep 2012	27.69%	+0.8%
Jun 2012	27.47%	+8.7%
Mar 2012	25.26%	-4.0%
Dec 2011	26.32%	-2.4%
Sep 2011	26.98%	+10.6%
Jun 2011	24.39%	+16.4%
Mar 2011	20.95%	+15.9%
Dec 2010	18.07%	-3.8%
Sep 2010	18.79%	+15.5%
Jun 2010	16.27%	+24.7%
Mar 2010	13.05%	+11.0%
Dec 2009	11.76%	-3.5%
Sep 2009	12.19%	+23.9%
Jun 2009	9.84%	-12.6%
Mar 2009	11.26%	+83.4%
Dec 2008	6.14%	-48.5%
Sep 2008	11.92%	-31.9%
Jun 2008	17.51%	-20.8%
Mar 2008	22.10%	+21.0%

Month	Value	Change
Dec 2007	18.27%	-13.7%
Sep 2007	21.17%	-6.8%
Jun 2007	22.71%	-1.9%
Mar 2007	23.14%	-4.4%
Dec 2006	24.20%	-1.5%
Sep 2006	24.57%	-2.3%
Jun 2006	25.16%	-1.7%
Mar 2006	25.59%	-2.0%
Dec 2005	26.10%	-2.9%
Sep 2005	26.87%	-1.6%
Jun 2005	27.30%	-2.7%
Mar 2005	28.06%	+1.6%
Dec 2004	27.61%	-0.8%
Sep 2004	27.84%	-6.6%
Jun 2004	29.81%	+5.7%
Mar 2004	28.20%	+4.2%
Dec 2003	27.07%	+1.6%
Sep 2003	26.64%	+11.9%
Jun 2003	23.81%	+1.0%
Mar 2003	23.57%	+5.2%
Dec 2002	22.40%	-2.5%
Sep 2002	22.97%	0.0%
Jun 2002	22.97%	+0.0%
Mar 2002	22.96%	+18.8%
Dec 2001	19.32%	+890.8%
Sep 2001	1.95%	-86.7%
Jun 2001	14.61%	+47.6%
Mar 2001	9.90%	-48.0%
Dec 2000	19.05%	+21.0%
Sep 2000	15.75%	-1.6%
Jun 2000	16.00%	-0.4%
Mar 2000	16.07%	-18.9%
Dec 1999	19.82%	+8.2%
Sep 1999	18.31%	-0.2%
Jun 1999	18.34%	-1.1%
Mar 1999	18.54%	-12.4%
Dec 1998	21.16%	+27.7%
Sep 1998	16.57%	-1.3%
Jun 1998	16.78%	-8.9%
Mar 1998	18.42%	-12.7%
Dec 1997	21.10%	-13.6%
Sep 1997	24.42%	-15.4%
Jun 1997	28.87%	+0.4%
Mar 1997	28.76%	+38.3%
Dec 1996	20.79%	-17.2%
Sep 1996	25.10%	-9.3%
Jun 1996	27.66%	+0.3%
Mar 1996	27.57%	+5.4%
Dec 1995	26.15%	-1.4%
Sep 1995	26.51%	-1.1%
Jun 1995	26.80%	+1.2%
Mar 1995	26.47%	+7.1%
Dec 1994	24.72%	-3.8%
Sep 1994	25.69%	+2.6%
Jun 1994	25.04%	-1.1%
Mar 1994	25.32%	+55.6%
Dec 1993	16.27%	-24.2%
Sep 1993	21.46%	-8.2%
Jun 1993	23.38%	-0.1%
Mar 1993	23.40%	+13.2%
Dec 1992	20.68%	+8.4%
Sep 1992	19.07%	-5.1%
Jun 1992	20.10%	+11.5%
Mar 1992	18.03%	-3.8%
Dec 1991	18.75%	+7.0%
Sep 1991	17.53%	-12.1%
Jun 1991	19.95%	+6.7%
Mar 1991	18.70%	-2.7%
Dec 1990	19.22%	+2.9%
Sep 1990	18.68%	-10.1%
Jun 1990	20.77%	-5.7%
Mar 1990	22.02%	+5.5%
Dec 1989	20.87%	+28.4%
Sep 1989	16.26%	-

FAQ

What is the current quarterly net margin of USB?: As of today, USB quarterly net margin is 19.60%
What is USB quarterly net margin most recent change?: USB quarterly net margin was down -1.51% on September 30, 2026
What is 1-year change in USB quarterly net margin?: USB quarterly net margin is up +9.38% year-over-year
How far is USB quarterly net margin from its all-time high?: USB quarterly net margin is currently -51.05% below its historical high of 40.04% set on March 31, 2021
How does USB quarterly net margin rank versus sector peers?: USB quarterly net margin is higher than 58.29% of companies in Financial Services sector
When is USB next earnings release?: The next earnings release for USB is on January 19, 2027

Net Margin Formula

Net Margin = Net Income

Revenue × 100%

Data Sources & References

USB Official Website www.usbank.com
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/36104/000003610426000005/0000036104-26-000005-index.htm
USB Profile on Yahoo Finance finance.yahoo.com/quote/USB
USB Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/usb