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How US Bancorp (USB) makes money
US Bancorp (USB) made $8.0B of revenue in the third quarter 2026 (Q3 2026), +9% from a year earlier. Of every dollar of revenue, 35¢ was left as operating profit, 28¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $8.0B | 100.0% |
| Operating profit | $2.8B | 35.1% |
| Income tax | $593M | 7.4% |
| Net earnings | $2.2B | 27.7% |
| Operating cash flow | $3.8B | 47.7% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $8.0B | +9% |
| Q2 2026 | $7.7B | +10% |
| Q1 2026 | $7.3B | +5% |
| Q4 2025 | $7.4B | +5% |
| Q3 2025 | $7.3B | +7% |
| Q2 2025 | $7.0B | +2% |
| Q1 2025 | $7.0B | +4% |
From US Bancorp's 10-Q filed Nov 5, 2026 (on EDGAR).
Questions
How does US Bancorp make money?
US Bancorp (USB) made $8.0B of revenue in the third quarter 2026 (Q3 2026), +9% from a year earlier. Of every dollar of revenue, 35¢ was left as operating profit, 28¢ was left as net earnings.
What is US Bancorp's profit margin?
Net earnings were $2.2B, 27.7% of revenue, in the third quarter 2026; the operating margin was 35.1%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.