Filing Flows › US Bancorp (USB) › Q1 2025
US Bancorp (USB) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
US Bancorp (USB) reported revenue of $7.0B for the first quarter 2025 (Q1 2025), +4% from a year earlier and -0.7% from the quarter before. Operating margin was 31.0%, net earnings $1.7B (24.6% of revenue).
US Bancorp, Q1 2025: revenue $7.0B (+4% year over year), operating margin 31.0%, net earnings $1.7B, operating cash flow −$285M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.0B | -0.7% | +4% |
| Operating profit | $2.2B | +2% | +29% |
| Net earnings | $1.7B | +3% | +30% |
| Operating cash flow | −$285M | — | — |
What changed
Revenue was $7.0B in Q1 2025, up 4% year over year and down 1% from the previous quarter. Wealth, Corporate, Commercial and Institutional Banking was the largest line at 42% of revenue. Treasury and Corporate Support added $0.40B year over year, 163% of the total change. Consumer and Business Banking declined 6%.
Operating profit was $2.2B, a 31.0% margin (up 6.1 points year over year). Of the extra revenue versus a year earlier, 200% reached operating profit, above the 25% margin then. Total costs fell 5% while revenue rose 4%. The fastest-growing cost line was Sales & marketing (+34%). Net earnings were $1.7B, up 30% year over year. The effective tax rate was 20.5%.
Operating cash flow was −$0.28B. Working capital and other items used $2.0B.
Questions
What was US Bancorp's revenue in the first quarter 2025?
US Bancorp (USB) reported revenue of $7.0B for the first quarter 2025 (Q1 2025), +4% from a year earlier and -0.7% from the quarter before.
Was US Bancorp profitable in the first quarter 2025?
Operating profit was $2.2B (31.0% of revenue) and net earnings $1.7B.
Source: US Bancorp 10-Q on SEC EDGAR.