Filing Flows › US Bancorp (USB) › Q3 2026
US Bancorp (USB) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
US Bancorp (USB) reported revenue of $8.0B for the third quarter 2026 (Q3 2026), +9% from a year earlier and +3% from the quarter before. Operating margin was 35.1%, net earnings $2.2B (27.7% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.0B | +3% | +9% |
| Operating profit | $2.8B | +3% | +11% |
| Net earnings | $2.2B | +1% | +10% |
| Operating cash flow | $3.8B | -21% | +12% |
What changed
Revenue was $8.0B in Q3 2026, up 9% year over year and up 3% from the previous quarter.
Operating profit was $2.8B, a 35.1% margin (up 0.6 points year over year). Of the extra revenue versus Q3 2025, 42% reached operating profit, above the 35% margin then. Total costs grew 8% against revenue growth of 9%. The fastest-growing cost line was Sales & marketing (+14%). Net earnings were $2.2B, up 10% year over year. The effective tax rate was 21.2%.
Operating cash flow was $3.8B (up 12% year over year), 172% of net earnings. Working capital and other items added $1.6B.
Questions
What was US Bancorp's revenue in the third quarter 2026?
US Bancorp (USB) reported revenue of $8.0B for the third quarter 2026 (Q3 2026), +9% from a year earlier and +3% from the quarter before.
Was US Bancorp profitable in the third quarter 2026?
Operating profit was $2.8B (35.1% of revenue) and net earnings $2.2B.
Source: US Bancorp 10-Q on SEC EDGAR.