Filing Flows › US Bancorp (USB) › Q4 2025
US Bancorp (USB) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 23, 2026
US Bancorp (USB) reported revenue of $7.4B for the fourth quarter 2025 (Q4 2025), +5% from a year earlier and +0.5% from the quarter before. Operating margin was 34.4%, net earnings $2.1B (27.8% of revenue).
US Bancorp, Q4 2025: revenue $7.4B (+5% year over year), operating margin 34.4%, net earnings $2.1B, operating cash flow $3.0B. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.4B | +0.5% | +5% |
| Operating profit | $2.5B | 0% | +20% |
| Net earnings | $2.1B | +2% | +23% |
| Operating cash flow | $3.0B | -8% | -39% |
What changed
Revenue was $7.4B in Q4 2025, up 5% year over year and roughly flat from the previous quarter.
Operating profit was $2.5B, a 34.4% margin (up 4.3 points year over year). Of the extra revenue versus a year earlier, 119% reached operating profit, above the 30% margin then. Total costs fell 1% while revenue rose 5%. The fastest-growing cost line was Sales & marketing (+17%). Net earnings were $2.0B, up 23% year over year. The effective tax rate was 19.0%.
Operating cash flow was $3.0B (down 39% year over year), 145% of net earnings. Working capital and other items added $0.92B.
Questions
What was US Bancorp's revenue in the fourth quarter 2025?
US Bancorp (USB) reported revenue of $7.4B for the fourth quarter 2025 (Q4 2025), +5% from a year earlier and +0.5% from the quarter before.
Was US Bancorp profitable in the fourth quarter 2025?
Operating profit was $2.5B (34.4% of revenue) and net earnings $2.1B.
Source: US Bancorp 10-K on SEC EDGAR.