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US Bancorp (USB) Q3 2026 vs Q2 2026 (quarter over quarter)

US Bancorp's revenue rose $258M (+3%) from $7.7B in Q2 2026 to $8.0B in Q3 2026. Operating margin 35.1% against 35.3% (-0.1 pts).

US Bancorp, Q3 2026: revenue $8.0B (+9% year over year), operating margin 35.1%, net earnings $2.2B, operating cash flow $3.8B. The chart draws each line against Q2 2026, the increases inside each band.

US Bancorp: what changed, Q3 2026 vs Q2 2026US Bancorp: what changed, Q3 2026 vs Q2 2026Working capital & other−$1.0BOperating cash flow−$1.0BOther operating costs$194MCosts & expenses$177MOperating profit$81.0MPre-tax earnings$81.0MIncome tax$56.0MNet earnings$25.0MSales & marketing−$17.0M

Margins

Q3 2026Q2 2026Change
Operating margin35.1%35.3%-0.1 pts
Net margin27.7%28.3%-0.6 pts

Every line

LineQ3 2026Q2 2026Change%
Revenue$8.0B$7.7B$258M+3%
Operating profit$2.8B$2.7B$81.0M+3%
Costs & expenses$5.2B$5.0B$177M+4%
Pre-tax earnings$2.8B$2.7B$81.0M+3%
Sales & marketing$199M$216M−$17.0M-8%
Other operating costs$5.0B$4.8B$194M+4%
Net earnings$2.2B$2.2B$25.0M+1%
Income tax$593M$537M$56.0M+10%
Working capital & other$1.6B$2.6B−$1.0B-40%
Operating cash flow$3.8B$4.8B−$1.0B-21%

Questions

How much did US Bancorp's revenue grow quarter over quarter in Q3 2026?

US Bancorp's revenue rose $258M (+3%) from $7.7B in Q2 2026 to $8.0B in Q3 2026. Operating margin 35.1% against 35.3% (-0.1 pts).

Q3 2026 results → · Compare in the interactive Sankey →