Us Bancorp \De\ (USB) Operating Expenses (2009 - 2026)
Us Bancorp \De\'s (USB) quarterly Operating Expenses came in at $4.4 billion in Q2 2026, up 5.91% year-over-year from $4.2 billion in Q2 2025, and up 3.82% quarter-over-quarter from $4.3 billion in Q1 2026.
Analysis
Us Bancorp \De\ (USB) Operating Expenses (2009 - 2026) Analysis & Trends
Us Bancorp \De\ has disclosed Operating Expenses across 18 years of filings, most recently posting $4.4 billion for Q2 2026.
- In Q2 2026, Operating Expenses rose 5.91% year-over-year to $4.4 billion; the TTM figure through Jun 2026 stood at $17.1 billion (up 1.12% YoY), while the FY2025 annual figure was $16.8 billion, down 2.04% from the prior year.
- Operating Expenses came in at $4.4 billion for Q2 2026 at Us Bancorp \De\, up from $4.3 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $5.2 billion in Q4 2023 to a low of $3.5 billion in Q1 2022.
- Average Operating Expenses over 5 years is $4.2 billion, with a median of $4.2 billion recorded in 2025.
- Year-over-year, Operating Expenses soared 30.07% in 2023 and slipped 17.4% in 2024.
- Over 5 years, Operating Expenses stood at $4.0 billion in 2022, then grew by 29.09% to $5.2 billion in 2023, then decreased by 17.4% to $4.3 billion in 2024, then dropped by 1.95% to $4.2 billion in 2025, then increased by 4.76% to $4.4 billion in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $4.4 billion in Q2 2026, $4.3 billion in Q1 2026, and $4.2 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of America | 2,119.43 Bn | 1,530.93 Bn | 30.39 Bn | 18.63 Bn |
| 2 | Morgan Stanley | 330.57 Bn | 170.43 Bn | - | 13.90 Bn |
| 3 | Goldman Sachs | 305.73 Bn | -670.62 Bn | - | 11.67 Bn |
| 4 | Mitsubishi Ufj Financial | 296.69 Bn | -87.63 Bn | 10.89 Bn | 17.50 Bn |
| 5 | Royal Bank Of Canada | 290.20 Bn | 63.31 Bn | - | 7.02 Bn |
| 6 | Wells Fargo & Company | 272.00 Bn | 68.03 Bn | - | 13.66 Bn |
| 7 | American Express | 217.39 Bn | 168.07 Bn | 17.99 Bn | 14.48 Bn |
| 8 | Banco Santander | 214.76 Bn | 222.37 Bn | 28.01 Bn | -7.44 Bn |
| 9 | Toronto Dominion Bank | 207.43 Bn | 46.10 Bn | - | 6.08 Bn |
| 10 | Us Bancorp \De\ | 96.95 Bn | 96.95 Bn | - | 4.43 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.43 Bn |
| Mar 31, 2026 | 4.27 Bn |
| Dec 31, 2025 | 4.23 Bn |
| Sep 30, 2025 | 4.20 Bn |
| Jun 30, 2025 | 4.18 Bn |
| Mar 31, 2025 | 4.23 Bn |
| Dec 31, 2024 | 4.31 Bn |
| Sep 30, 2024 | 4.20 Bn |
| Jun 30, 2024 | 4.21 Bn |
| Mar 31, 2024 | 4.46 Bn |
| Dec 31, 2023 | 5.22 Bn |
| Sep 30, 2023 | 4.53 Bn |
| Jun 30, 2023 | 4.57 Bn |
| Mar 31, 2023 | 4.56 Bn |
| Dec 31, 2022 | 4.04 Bn |
| Sep 30, 2022 | 3.64 Bn |
| Jun 30, 2022 | 3.72 Bn |
| Mar 31, 2022 | 3.50 Bn |
| Dec 31, 2021 | 3.53 Bn |
| Sep 30, 2021 | 3.43 Bn |