Filing Flows › US Bancorp (USB) › Q3 2025
US Bancorp (USB) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
US Bancorp (USB) reported revenue of $7.3B for the third quarter 2025 (Q3 2025), +7% from a year earlier and +5% from the quarter before. Operating margin was 34.5%, net earnings $2.0B (27.3% of revenue).
US Bancorp, Q3 2025: revenue $7.3B (+7% year over year), operating margin 34.5%, net earnings $2.0B, operating cash flow $3.2B. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.3B | +5% | +7% |
| Operating profit | $2.5B | +10% | +22% |
| Net earnings | $2.0B | +10% | +17% |
| Operating cash flow | $3.2B | +60% | +234% |
What changed
Revenue was $7.3B in Q3 2025, up 7% year over year and up 5% from the previous quarter.
Operating profit was $2.5B, a 34.5% margin (up 4.4 points year over year). Of the extra revenue versus a year earlier, 99% reached operating profit, above the 30% margin then. Total costs grew 0% against revenue growth of 7%. Net earnings were $2.0B, up 17% year over year. The effective tax rate was 20.7%.
Operating cash flow was $3.2B (up 234% year over year), 162% of net earnings. Working capital and other items added $1.2B.
Questions
What was US Bancorp's revenue in the third quarter 2025?
US Bancorp (USB) reported revenue of $7.3B for the third quarter 2025 (Q3 2025), +7% from a year earlier and +5% from the quarter before.
Was US Bancorp profitable in the third quarter 2025?
Operating profit was $2.5B (34.5% of revenue) and net earnings $2.0B.
Source: US Bancorp 10-Q on SEC EDGAR.