Filing Flows › US Bancorp (USB) › Q2 2026
US Bancorp (USB) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
US Bancorp (USB) reported revenue of $7.7B for the second quarter 2026 (Q2 2026), +10% from a year earlier and +6% from the quarter before. Operating margin was 35.3%, net earnings $2.2B (28.3% of revenue).
US Bancorp, Q2 2026: revenue $7.7B (+10% year over year), operating margin 35.3%, net earnings $2.2B, operating cash flow $4.8B. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.7B | +6% | +10% |
| Operating profit | $2.7B | +12% | +19% |
| Net earnings | $2.2B | +12% | +20% |
| Operating cash flow | $4.8B | +260% | +152% |
What changed
Revenue was $7.7B in Q2 2026, up 10% year over year and up 6% from the previous quarter.
Operating profit was $2.7B, a 35.3% margin (up 2.5 points year over year). Of the extra revenue versus Q2 2025, 60% reached operating profit, above the 33% margin then. Total costs grew 6% against revenue growth of 10%. The fastest-growing cost line was Sales & marketing (+34%). Net earnings were $2.2B, up 20% year over year. The effective tax rate was 19.7%.
Operating cash flow was $4.8B (up 152% year over year), 221% of net earnings. Working capital and other items added $2.6B.
Questions
What was US Bancorp's revenue in the second quarter 2026?
US Bancorp (USB) reported revenue of $7.7B for the second quarter 2026 (Q2 2026), +10% from a year earlier and +6% from the quarter before.
Was US Bancorp profitable in the second quarter 2026?
Operating profit was $2.7B (35.3% of revenue) and net earnings $2.2B.
Source: US Bancorp 10-Q on SEC EDGAR.